IEV vs SCHD
iShares Europe ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. IEV offers more diversification with 374 holdings.
Side-by-Side Comparison
| Metric | IEV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.06% | |
| AUM | $1.7B | $108.7B | |
| Dividend Yield | 2.72% | 3.13% | |
| Holdings | 374 | 104 | |
| YTD Return | +10.43% | +27.67% | |
| 1Y Return | +19.39% | +31.26% | |
| 3Y Return (annualized) | +18.41% | +16.66% | |
| 5Y Return (annualized) | +9.92% | +10.18% | |
| Volatility (annualized) | 18.2% | 13.6% | |
| Max Drawdown | -65.6% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jul 25, 2000 | Oct 20, 2011 |
IEV vs SCHD Performance
iShares Europe ETF (IEV) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year IEV returned +19.39% while SCHD returned +31.26%. Year to date, IEV is up 10.43% versus a gain of 27.67% for SCHD.
Over three years, IEV compounded at +18.41% per year against +16.66% for SCHD; over five years the annualized figures are +9.92% and +10.18% respectively. Across the full 15-year window we track, SCHD has the edge at +11.57% annualized vs +3.27%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IEV has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -65.6% for IEV and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IEV charges 0.60% per year while SCHD charges 0.06%. On a $10,000 position that is $60 vs $6 annually, a gap of $54 per year that compounds over a long holding period. On income, IEV currently yields 2.72% against 3.13% for SCHD.
Holdings Overlap
IEV and SCHD share 1 holdings out of 460 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IEV | Weight in SCHD | Difference |
|---|---|---|---|
| MRK | 0.15% | 4.26% | 4.11% |
Frequently Asked Questions
Which is cheaper, IEV or SCHD?
IEV has an expense ratio of 0.60% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, IEV or SCHD?
Over the past year IEV returned +19.39% vs +31.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), IEV annualized +3.27% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, IEV or SCHD?
IEV has been the more volatile fund at 18.2% annualized versus 13.6% for SCHD. Worst drawdown: IEV -65.6% vs SCHD -33.4%.
Should I hold both IEV and SCHD?
IEV and SCHD have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IEV and SCHD?
IEV and SCHD share 1 common holdings with a 0.1% weight overlap. Combined, they hold 460 unique securities.
Which pays a higher dividend, IEV or SCHD?
IEV yields 2.72% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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