ILCV vs SCHD
iShares Morningstar Value ETF vs Schwab US Dividend Equity ETF
Which is better, ILCV or SCHD?
Each has led over a different period.
ILCV has a lower expense ratio. ILCV led over 3Y and 5Y, SCHD over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. ILCV is less concentrated, with 34.1% 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 | ILCV | SCHD |
|---|---|---|
| Expense Ratio | 0.04%Best | 0.06% |
| AUM | $1.3B | $112.1B |
| Dividend Yield | 1.51% | 3.00% |
| Holdings | 380 | 103 |
| YTD Return | +14.97% | +23.60%Best |
| 1Y Return | +21.64% | +28.29%Best |
| 3Y Return (annualized) | +20.35%Best | +16.25% |
| 5Y Return (annualized) | +13.48%Best | +10.25% |
| Volatility (annualized) | 13.4%Best | 13.7% |
| Max Drawdown | -35.5% | -33.4%Best |
| $10,000 over 5 years | $18,819Best | $16,289 |
| Top 10 Weight | 34.1%Best | 41.8% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 28, 2004 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 21, 2026 (14.9 years).
ILCV 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.
ILCV vs SCHD Performance
iShares Morningstar Value ETF (ILCV) is an ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year ILCV returned +21.64% while SCHD returned +28.29%. Year to date, ILCV is up 14.97% versus a gain of 23.60% for SCHD.
Over three years, ILCV compounded at +20.35% per year against +16.25% for SCHD; over five years the annualized figures are +13.48% and +10.25% respectively. Across the full 15-year window we track, SCHD has the edge at +11.25% annualized vs +10.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 13.4% for ILCV. 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 -35.5% for ILCV 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ILCV charges 0.04% per year while SCHD charges 0.06%. On a $10,000 position that is $4 vs $6 annually, a gap of $2 per year that compounds over a long holding period. On income, ILCV currently yields 1.51% against 3.00% for SCHD.
Holdings Overlap
14.3% of ILCV's money is in holdings SCHD also owns. 92.6% of SCHD's money is in holdings ILCV also owns.
Most of SCHD is already inside ILCV. Owning both mostly buys the same companies twice.
43 positions in common, counted across the 373 positions we hold weights for in ILCV and 100 in SCHD, against full books of 380 and 103.
What only one of them owns
Our book lists 56 positions for SCHD that do not appear in our book for ILCV (7.4% of the fund), and 318 for ILCV that do not appear in SCHD (84.4%).
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 ILCV | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 1.02% | 4.77% | 3.75% |
| AMGNAmgen Inc. | 0.67% | 4.70% | 4.03% |
| ABTAbbott Laboratories | 0.55% | 4.69% | 4.14% |
| KOCoca Cola Co. | 1.00% | 4.17% | 3.17% |
| CVXChevron Corp | 1.10% | 4.02% | 2.92% |
| UNHUnitedhealth Group Incorporated | 1.02% | 3.82% | 2.80% |
| HDHome Depot Inc/The | 0.94% | 3.88% | 2.94% |
| PGProcter & Gamble Company | 0.97% | 3.83% | 2.86% |
| VZVerizon Communic | 0.61% | 3.97% | 3.36% |
| COPConocophillips Common Stock USD 0.01 | 0.46% | 3.94% | 3.48% |
92.6% of SCHD is already inside ILCV.
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, ILCV or SCHD?
ILCV has an expense ratio of 0.04% while SCHD charges 0.06%. ILCV is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, ILCV or SCHD?
Over the past year ILCV returned +21.64% vs +28.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), ILCV annualized +10.20% vs +11.25% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ILCV or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 13.4% for ILCV. Worst drawdown: ILCV -35.5% vs SCHD -33.4%.
Should I hold both ILCV and SCHD?
ILCV and SCHD have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ILCV and SCHD?
92.6% of SCHD's money is in holdings ILCV also owns. 92.6% of SCHD's is in holdings ILCV also owns. They hold 43 positions in common, counted across the 373 positions we hold weights for in ILCV and 100 in SCHD.
Which pays a higher dividend, ILCV or SCHD?
ILCV yields 1.51% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than ILCV?
ILCV has a lower expense ratio. ILCV led over 3Y and 5Y, SCHD over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. ILCV is less concentrated, with 34.1% 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.