IIF vs SCHD
Morgan Stanley India Investment Fund Inc. vs Schwab US Dividend Equity ETF
Which is better, IIF or SCHD?
Large Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 45.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IIF | SCHD |
|---|---|---|
| Expense Ratio | 1.28% | 0.06%Best |
| AUM | $318M | $112.1B |
| Dividend Yield | 7.69% | 3.00% |
| Holdings | 46 | 103 |
| YTD Return | -10.85% | +25.07%Best |
| 1Y Return | -11.19% | +27.61%Best |
| 3Y Return (annualized) | +10.46% | +15.74%Best |
| 5Y Return (annualized) | +6.36% | +9.89%Best |
| Volatility (annualized) | 21.3% | 13.6%Best |
| Max Drawdown | -59.1% | -33.4%Best |
| $10,000 over 5 years | $13,611 | $16,025Best |
| Top 10 Weight | 45.3% | 41.8%Best |
| Fund Family | Morgan Stanley Investment Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Feb 25, 1994 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 11, 2026 (14.9 years).
IIF vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14.9 years both funds cover.
IIF vs SCHD Performance
Morgan Stanley India Investment Fund Inc. (IIF) is an ETF from Morgan Stanley Investment Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year IIF returned -11.19% while SCHD returned +27.61%. Year to date, IIF is down 10.85% versus a gain of 25.07% for SCHD.
Over three years, IIF compounded at +10.46% per year against +15.74% for SCHD; over five years the annualized figures are +6.36% and +9.89% respectively. Across the full 15-year window we track, SCHD has the edge at +11.36% annualized vs +8.71%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IIF has been the more volatile fund, with annualized monthly volatility of 21.3% 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 -59.1% for IIF and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IIF charges 1.28% per year while SCHD charges 0.06%. On a $10,000 position that is $128 vs $6 annually, a gap of $122 per year that compounds over a long holding period. On income, IIF currently yields 7.69% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 43 holdings in IIF and 100 in SCHD, totalling 102.4% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 62 days apart, IIF as of Jun 30, 2026 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 43 positions we hold weights for in IIF and 100 in SCHD, against full books of 46 and 103.
What only one of them owns
Our book lists 99 positions for SCHD that do not appear in our book for IIF (99.9% of the fund), and 1 for IIF that do not appear in SCHD (0.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IIF and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IIF or SCHD?
IIF has an expense ratio of 1.28% while SCHD charges 0.06%. SCHD is the cheaper option, by $122 a year on a $10,000 investment.
Which performed better, IIF or SCHD?
Over the past year IIF returned -11.19% vs +27.61% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), IIF annualized +8.71% vs +11.36% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IIF or SCHD?
IIF has been the more volatile fund at 21.3% annualized versus 13.6% for SCHD. Worst drawdown: IIF -59.1% vs SCHD -33.4%.
Should I hold both IIF and SCHD?
IIF and SCHD have a monthly-return correlation of 0.40, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IIF or SCHD?
IIF yields 7.69% while SCHD yields 3.00%, so IIF currently pays the higher dividend yield.
Is SCHD better than IIF?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 45.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.