IVV vs SCHB
iShares Core S&P 500 ETF vs Schwab US Broad Market ETF
Quick Verdict
SCHB offers more diversification with 2,411 holdings.
Side-by-Side Comparison
| Metric | IVV | SCHB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $907.0B | $45.2B | |
| Dividend Yield | 1.10% | 1.04% | |
| Holdings | 508 | 2,411 | |
| YTD Return | +12.76% | +13.11% | |
| 1Y Return | +20.63% | +20.63% | |
| 3Y Return (annualized) | +21.71% | +21.44% | |
| 5Y Return (annualized) | +12.87% | +11.88% | |
| Volatility (annualized) | 15.1% | 14.9% | |
| Max Drawdown | -56.5% | -35.3% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 3, 2009 |
IVV vs SCHB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab US Broad Market ETF (SCHB) is a ETF from Charles Schwab Asset Management. Over the past year IVV returned +20.63% while SCHB returned +20.63%. Year to date, IVV is up 12.76% versus a gain of 13.11% for SCHB.
Over three years, IVV compounded at +21.71% per year against +21.44% for SCHB; over five years the annualized figures are +12.87% and +11.88% respectively. Across the full 17-year window we track, SCHB has the edge at +12.99% annualized vs +6.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.9% for SCHB. 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 -35.3% for SCHB. 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 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 1.10% against 1.04% for SCHB.
Holdings Overlap
IVV and SCHB share 497 holdings out of 2354 unique holdings combined, representing a 88.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or SCHB?
IVV has an expense ratio of 0.03% while SCHB charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or SCHB?
Over the past year IVV returned +20.63% vs +20.63% for SCHB, so SCHB leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +6.99% vs +12.99% for SCHB. Past performance does not guarantee future results.
Which is riskier, IVV or SCHB?
IVV has been the more volatile fund at 15.1% annualized versus 14.9% for SCHB. Worst drawdown: IVV -56.5% 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. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and SCHB?
IVV and SCHB share 497 common holdings with a 88.0% weight overlap. Combined, they hold 2354 unique securities.
Which pays a higher dividend, IVV or SCHB?
IVV yields 1.10% while SCHB yields 1.04%, so IVV currently pays the higher dividend yield.
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