IVV vs SCHB
iShares Core S&P 500 ETF vs Schwab US Broad Market ETF
Which is better, IVV or SCHB?
IVV has been ahead.
IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. SCHB is less concentrated, with 33.8% of the fund in its ten largest positions against 37.8%.
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 | IVV | SCHB |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $876.4B | $44.3B |
| Dividend Yield | 1.06% | 1.02% |
| Holdings | 508 | 2,354 |
| YTD Return | +12.39%Tie | +12.39%Tie |
| 1Y Return | +16.61%Best | +16.06% |
| 3Y Return (annualized) | +21.38%Best | +21.03% |
| 5Y Return (annualized) | +13.51%Best | +12.42% |
| Volatility (annualized) | 14.4%Best | 14.8% |
| Max Drawdown | -33.9%Best | -35.3% |
| $10,000 over 5 years | $18,844Best | $17,956 |
| Top 10 Weight | 37.8% | 33.8%Best |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large 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 18, 2026 (16.9 years).
IVV vs SCHB 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 16.9 years both funds cover.
IVV vs SCHB Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Schwab US Broad Market ETF (SCHB) is an ETF from Charles Schwab Asset Management. Over the past year IVV returned +16.61% while SCHB returned +16.06%. Year to date, IVV is up 12.39% versus a gain of 12.39% for SCHB.
Over three years, IVV compounded at +21.38% per year against +21.03% for SCHB; over five years the annualized figures are +13.51% and +12.42% respectively. Across the full 17-year window we track, IVV has the edge at +13.02% annualized vs +12.89%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHB has been the more volatile fund, with annualized monthly volatility of 14.8% 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 -35.3% for SCHB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while SCHB charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.06% against 1.02% for SCHB.
Holdings Overlap
98.8% of IVV's money is in holdings SCHB also owns. 87.9% of SCHB's money is in holdings IVV also owns.
Most of IVV is already inside SCHB. Owning both mostly buys the same companies twice.
481 positions in common, counted across the 490 positions we hold weights for in IVV and 2,345 in SCHB, against full books of 508 and 2,354.
What only one of them owns
Our book lists 679 positions for SCHB that do not appear in our book for IVV (10.1% of the fund), and 5 for IVV that do not appear in SCHB (0.3%).
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 IVV | Weight in SCHB | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 7.10% | 0.97% |
| AAPLApple, Inc | 7.02% | 6.11% | 0.91% |
| MSFTMicrosoft Corp | 5.69% | 4.84% | 0.85% |
| AMZNAmazon.Com Inc | 3.84% | 3.57% | 0.27% |
| GOOGLAlphabet Inc,class A | 3.00% | 2.84% | 0.16% |
| AVGOBroadcom Inc | 2.65% | 2.65% | 0.00% |
| GOOGAlphabet Inc | 2.39% | 2.28% | 0.11% |
| METAMeta Platforms Inc | 1.90% | 1.73% | 0.17% |
| MUMicron Technology, Inc. | 1.63% | 1.35% | 0.28% |
| TSLATesla Inc | 1.56% | 1.21% | 0.35% |
98.8% of IVV is already inside SCHB.
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, IVV or SCHB?
IVV has an expense ratio of 0.03% while SCHB charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, IVV or SCHB?
Over the past year IVV returned +16.61% vs +16.06% for SCHB, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +13.02% vs +12.89% for SCHB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SCHB?
SCHB has been the more volatile fund at 14.8% annualized versus 14.4% for IVV. Worst drawdown: IVV -33.9% vs SCHB -35.3%.
Should I hold both IVV and SCHB?
IVV and SCHB have a monthly-return correlation of 1.00, 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 IVV and SCHB?
98.8% of IVV's money is in holdings SCHB also owns. 87.9% of SCHB's is in holdings IVV also owns. They hold 481 positions in common, counted across the 490 positions we hold weights for in IVV and 2,345 in SCHB.
Which pays a higher dividend, IVV or SCHB?
IVV yields 1.06% while SCHB yields 1.02%, so IVV currently pays the higher dividend yield.
Is SCHB better than IVV?
IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. SCHB is less concentrated, with 33.8% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.