IEZ vs SCHD
iShares US Oil Equipment & Services ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. IEZ delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | IEZ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.37% | 0.06% | |
| AUM | $381M | $108.7B | |
| Dividend Yield | 1.27% | 3.13% | |
| Holdings | 35 | 104 | |
| YTD Return | +37.98% | +27.67% | |
| 1Y Return | +71.21% | +31.26% | |
| 3Y Return (annualized) | +9.92% | +16.66% | |
| 5Y Return (annualized) | +21.82% | +10.18% | |
| Volatility (annualized) | 37.8% | 13.6% | |
| Max Drawdown | -93.5% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 1, 2006 | Oct 20, 2011 |
IEZ vs SCHD Performance
iShares US Oil Equipment & Services ETF (IEZ) 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 IEZ returned +71.21% while SCHD returned +31.26%. Year to date, IEZ is up 37.98% versus a gain of 27.67% for SCHD.
Over three years, IEZ compounded at +9.92% per year against +16.66% for SCHD; over five years the annualized figures are +21.82% and +10.18% respectively. Across the full 15-year window we track, SCHD has the edge at +11.57% annualized vs -2.43%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IEZ has been the more volatile fund, with annualized monthly volatility of 37.8% 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 -93.5% for IEZ 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IEZ charges 0.37% per year while SCHD charges 0.06%. On a $10,000 position that is $37 vs $6 annually, a gap of $31 per year that compounds over a long holding period. On income, IEZ currently yields 1.27% against 3.13% for SCHD.
Holdings Overlap
IEZ and SCHD share 1 holdings out of 131 unique holdings combined, representing a 1.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IEZ | Weight in SCHD | Difference |
|---|---|---|---|
| SLB | 21.97% | 1.89% | 20.08% |
Frequently Asked Questions
Which is cheaper, IEZ or SCHD?
IEZ has an expense ratio of 0.37% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, IEZ or SCHD?
Over the past year IEZ returned +71.21% vs +31.26% for SCHD, so IEZ leads on 1-year performance. Over the longest common window we track (15 years), IEZ annualized -2.43% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, IEZ or SCHD?
IEZ has been the more volatile fund at 37.8% annualized versus 13.6% for SCHD. Worst drawdown: IEZ -93.5% vs SCHD -33.4%.
Should I hold both IEZ and SCHD?
IEZ and SCHD have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IEZ and SCHD?
IEZ and SCHD share 1 common holdings with a 1.9% weight overlap. Combined, they hold 131 unique securities.
Which pays a higher dividend, IEZ or SCHD?
IEZ yields 1.27% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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