IVV vs SCHA
iShares Core S&P 500 ETF vs Schwab US Small-Cap ETF
Quick Verdict
SCHA delivered stronger 1-year returns. SCHA offers more diversification with 1550 holdings.
Side-by-Side Comparison
| Metric | IVV | SCHA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $865.2B | $22.4B | |
| Dividend Yield | 1.09% | 0.99% | |
| Holdings | 508 | 1,734 | |
| YTD Return | +13.72% | +22.39% | |
| 1Y Return | +21.64% | +34.49% | |
| 3Y Return (annualized) | +21.55% | +18.01% | |
| 5Y Return (annualized) | +13.27% | +7.99% | |
| Volatility (annualized) | 15.1% | 19.3% | |
| Max Drawdown | -56.5% | -43.0% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 3, 2009 |
IVV vs SCHA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab US Small-Cap ETF (SCHA) is a ETF from Charles Schwab Asset Management. Over the past year IVV returned +21.64% while SCHA returned +34.49%. Year to date, IVV is up 13.72% versus a gain of 22.39% for SCHA.
Over three years, IVV compounded at +21.55% per year against +18.01% for SCHA; over five years the annualized figures are +13.27% and +7.99% respectively. Across the full 17-year window we track, SCHA has the edge at +11.44% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHA has been the more volatile fund, with annualized monthly volatility of 19.3% compared with 15.1% 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 -56.5% for IVV and -43.0% for SCHA. 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 0.88. 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 1.09% against 0.99% for SCHA.
Holdings Overlap
IVV and SCHA share 5 holdings out of 2050 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SCHA?
IVV has an expense ratio of 0.03% while SCHA charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or SCHA?
Over the past year IVV returned +21.64% vs +34.49% for SCHA, so SCHA leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +7.04% vs +11.44% for SCHA. Past performance does not guarantee future results.
Which is riskier, IVV or SCHA?
SCHA has been the more volatile fund at 19.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SCHA -43.0%.
Should I hold both IVV and SCHA?
IVV and SCHA have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SCHA?
IVV and SCHA share 5 common holdings with a 0.6% weight overlap. Combined, they hold 2050 unique securities.
Which pays a higher dividend, IVV or SCHA?
IVV yields 1.09% while SCHA yields 0.99%, so IVV currently pays the higher dividend yield.
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