IVV vs SCHD
iShares Core S&P 500 ETF vs Schwab US Dividend Equity ETF
Which is better, IVV or SCHD?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SCHD over 1Y. IVV is less concentrated, with 37.8% 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 | IVV | SCHD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.06% |
| AUM | $876.4B | $112.1B |
| Dividend Yield | 1.06% | 3.00% |
| Holdings | 508 | 103 |
| YTD Return | +11.51% | +25.84%Best |
| 1Y Return | +15.96% | +30.18%Best |
| 3Y Return (annualized) | +21.01%Best | +16.08% |
| 5Y Return (annualized) | +12.66%Best | +9.97% |
| Volatility (annualized) | 14.0% | 13.6%Best |
| Max Drawdown | -33.9% | -33.4%Best |
| $10,000 over 5 years | $18,149Best | $16,083 |
| Top 10 Weight | 37.8%Best | 41.8% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 15, 2026 (14.9 years).
IVV 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.
IVV vs SCHD Performance
iShares Core S&P 500 ETF (IVV) 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 IVV returned +15.96% while SCHD returned +30.18%. Year to date, IVV is up 11.51% versus a gain of 25.84% for SCHD.
Over three years, IVV compounded at +21.01% per year against +16.08% for SCHD; over five years the annualized figures are +12.66% and +9.97% respectively. Across the full 15-year window we track, IVV has the edge at +13.65% annualized vs +11.40%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.0% compared with 13.6% for SCHD. 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 -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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SCHD charges 0.06%. On a $10,000 position that is $3 vs $6 annually, a gap of $3 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 3.00% for SCHD.
Holdings Overlap
7.8% of IVV's money is in holdings SCHD also owns. 92.0% of SCHD's money is in holdings IVV also owns.
Most of SCHD is already inside IVV. Owning both mostly buys the same companies twice.
45 positions in common, counted across the 490 positions we hold weights for in IVV and 100 in SCHD, against full books of 508 and 103.
What only one of them owns
Our book lists 54 positions for SCHD that do not appear in our book for IVV (7.9% of the fund), and 437 for IVV that do not appear in SCHD (90.8%).
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 SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.55% | 4.77% | 4.22% |
| AMGNAmgen Inc. | 0.35% | 4.70% | 4.35% |
| ABTAbbott Laboratories | 0.29% | 4.69% | 4.40% |
| KOCoca Cola Co. | 0.52% | 4.17% | 3.65% |
| CVXChevron Corp | 0.58% | 4.02% | 3.44% |
| HDHome Depot Inc/The | 0.49% | 3.88% | 3.39% |
| UNHUnitedhealth Group Incorporated | 0.53% | 3.82% | 3.29% |
| PGProcter & Gamble Company | 0.51% | 3.83% | 3.32% |
| VZVerizon Communic | 0.32% | 3.97% | 3.65% |
| COPConocophillips Common Stock USD 0.01 | 0.24% | 3.94% | 3.70% |
92.0% of SCHD is already inside IVV.
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 SCHD?
IVV has an expense ratio of 0.03% while SCHD charges 0.06%. IVV is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, IVV or SCHD?
Over the past year IVV returned +15.96% vs +30.18% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +13.65% vs +11.40% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SCHD?
IVV has been the more volatile fund at 14.0% annualized versus 13.6% for SCHD. Worst drawdown: IVV -33.9% vs SCHD -33.4%.
Should I hold both IVV and SCHD?
IVV and SCHD have a monthly-return correlation of 0.85, 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 SCHD?
92.0% of SCHD's money is in holdings IVV also owns. 92.0% of SCHD's is in holdings IVV also owns. They hold 45 positions in common, counted across the 490 positions we hold weights for in IVV and 100 in SCHD.
Which pays a higher dividend, IVV or SCHD?
IVV yields 1.06% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SCHD over 1Y. IVV is less concentrated, with 37.8% 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.