IVV vs SCHA
iShares Core S&P 500 ETF vs Schwab US Small-Cap ETF
Which is better, IVV or SCHA?
Large Cap Blend against Small Cap Blend.
IVV led over 3Y, 5Y and the full window, SCHA over 1Y. SCHA is less concentrated, with 9.1% of the fund in its ten largest positions against 37.9%.
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 | IVV | SCHA |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $886.7B | $22.7B |
| Dividend Yield | 1.10% | 1.07% |
| Holdings | 508 | 1,710 |
| YTD Return | +13.39% | +20.47%Best |
| 1Y Return | +20.08% | +27.23%Best |
| 3Y Return (annualized) | +21.29%Best | +18.09% |
| 5Y Return (annualized) | +12.88%Best | +7.38% |
| Volatility (annualized) | 14.4%Best | 19.2% |
| Max Drawdown | -33.9%Best | -43.0% |
| $10,000 over 5 years | $18,327Best | $14,276 |
| Top 10 Weight | 37.9% | 9.1%Best |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Blend |
| Inception | May 15, 2000 | Nov 3, 2009 |
Volatility and max drawdown are measured over the window both funds cover: Nov 3, 2009 to Sep 4, 2026 (16.8 years).
IVV vs SCHA 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 16.8 years both funds cover.
IVV vs SCHA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Schwab US Small-Cap ETF (SCHA) is an ETF from Charles Schwab Asset Management. Over the past year IVV returned +20.08% while SCHA returned +27.23%. Year to date, IVV is up 13.39% versus a gain of 20.47% for SCHA.
Over three years, IVV compounded at +21.29% per year against +18.09% for SCHA; over five years the annualized figures are +12.88% and +7.38% respectively. Across the full 17-year window we track, IVV has the edge at +13.11% annualized vs +11.29%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHA has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 14.4% for IVV. 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 -33.9% for IVV and -43.0% for SCHA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SCHA charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.10% against 1.07% for SCHA.
Holdings Overlap
0.4% of IVV's money is in holdings SCHA also owns. 5.7% of SCHA's money is in holdings IVV also owns.
SCHA and IVV share little of their money.
4 positions in common, counted across the 505 positions we hold weights for in IVV and 1,706 in SCHA, against full books of 508 and 1,710.
What only one of them owns
Our book lists 1,510 positions for SCHA that do not appear in our book for IVV (92.3% of the fund), and 493 for IVV that do not appear in SCHA (98.9%).
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 IVV and SCHA 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, IVV or SCHA?
IVV has an expense ratio of 0.03% while SCHA charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, IVV or SCHA?
Over the past year IVV returned +20.08% vs +27.23% for SCHA, so SCHA leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +13.11% vs +11.29% for SCHA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SCHA?
SCHA has been the more volatile fund at 19.2% annualized versus 14.4% for IVV. Worst drawdown: IVV -33.9% vs SCHA -43.0%.
Should I hold both IVV and SCHA?
IVV and SCHA have a monthly-return correlation of 0.88, 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 IVV and SCHA?
5.7% of SCHA's money is in holdings IVV also owns. 5.7% of SCHA's is in holdings IVV also owns. They hold 4 positions in common, counted across the 505 positions we hold weights for in IVV and 1,706 in SCHA.
Which pays a higher dividend, IVV or SCHA?
IVV yields 1.10% while SCHA yields 1.07%, so IVV currently pays the higher dividend yield.
Is SCHA better than IVV?
IVV led over 3Y, 5Y and the full window, SCHA over 1Y. SCHA is less concentrated, with 9.1% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.