ILCB vs SCHD
iShares Morningstar US Equity ETF vs Schwab US Dividend Equity ETF
Which is better, ILCB or SCHD?
Large Cap Blend against Large Cap Value.
ILCB has a lower expense ratio. ILCB led over the full window, SCHD over 1Y. ILCB is less concentrated, with 37.4% of the fund in its ten largest positions against 41.8%.
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 | ILCB | SCHD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.06% |
| AUM | $1.3B | $108.9B |
| Dividend Yield | 0.96% | 3.00% |
| Holdings | 530 | 206 |
| Volatility (annualized) | 14.1% | 13.7%Best |
| Max Drawdown | -35.3% | -33.4%Best |
| $10,000 over 15 years | $67,624Best | $48,300 |
| Top 10 Weight | 37.4%Best | 41.8% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jun 28, 2004 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 11 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. ILCB has data through Oct 2, 2026 and SCHD through Oct 13, 2026.
Volatility and max drawdown, and the $10,000 over 15 years row, are measured over the window both funds cover: Oct 20, 2011 to Oct 2, 2026 (15 years).
Risk: Volatility and Drawdowns
ILCB has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.7% 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 -35.3% for ILCB 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ILCB charges 0.03% per year while SCHD charges 0.06%. On a $10,000 position that is $3 vs $6 annually, a gap of $3 per year that compounds over a long holding period. On income, ILCB currently yields 0.96% against 3.00% for SCHD.
Holdings Overlap
7.8% of ILCB's money is in holdings SCHD also owns. 94.8% of SCHD's money is in holdings ILCB also owns.
Most of SCHD is already inside ILCB. Owning both mostly buys the same companies twice.
45 positions in common, counted across the 527 positions we hold weights for in ILCB and 99 in SCHD, against full books of 530 and 206.
What only one of them owns
Our book lists 53 positions for SCHD that do not appear in our book for ILCB (5.1% of the fund), and 466 for ILCB that do not appear in SCHD (91.2%).
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.
Top Shared Holdings
| Stock | Weight in ILCB | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.52% | 4.77% | 4.25% |
| CVXChevron Corp | 0.59% | 4.29% | 3.70% |
| KOCoca Cola Co. | 0.52% | 4.26% | 3.74% |
| ABTAbbott Laboratories | 0.26% | 4.44% | 4.18% |
| AMGNAmgen Inc. | 0.30% | 4.24% | 3.94% |
| PGProcter & Gamble Company | 0.51% | 3.94% | 3.43% |
| COPConocophillips Common Stock USD 0.01 | 0.25% | 4.19% | 3.94% |
| VZVerizon Communications Inc Vz | 0.32% | 4.12% | 3.80% |
| UNHUnitedhealth Group Incorporated | 0.51% | 3.82% | 3.31% |
| HDHome Depot Inc/The | 0.46% | 3.75% | 3.29% |
94.8% of SCHD is already inside ILCB.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ILCB or SCHD?
ILCB has an expense ratio of 0.03% while SCHD charges 0.06%. ILCB is the cheaper option, by $3 a year on a $10,000 investment.
Which is riskier, ILCB or SCHD?
ILCB has been the more volatile fund at 14.1% annualized versus 13.7% for SCHD. Worst drawdown: ILCB -35.3% vs SCHD -33.4%.
Should I hold both ILCB and SCHD?
ILCB and SCHD have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ILCB and SCHD?
94.8% of SCHD's money is in holdings ILCB also owns. 94.8% of SCHD's is in holdings ILCB also owns. They hold 45 positions in common, counted across the 527 positions we hold weights for in ILCB and 99 in SCHD.
Which pays a higher dividend, ILCB or SCHD?
ILCB yields 0.96% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than ILCB?
ILCB has a lower expense ratio. ILCB led over the full window, SCHD over 1Y. ILCB is less concentrated, with 37.4% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.