IVV vs SCHE
iShares Core S&P 500 ETF vs Schwab Emerging Markets Equity ETF
Which is better, IVV or SCHE?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SCHE over 1Y.
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 | SCHE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.06% |
| AUM | $886.7B | $13.1B |
| Dividend Yield | 1.10% | 2.64% |
| Holdings | 508 | 2,210 |
| YTD Return | +13.39%Best | +12.28% |
| 1Y Return | +20.08% | +23.19%Best |
| 3Y Return (annualized) | +21.29%Best | +18.69% |
| 5Y Return (annualized) | +12.88%Best | +6.21% |
| Volatility (annualized) | 14.4%Best | 17.1% |
| Max Drawdown | -33.9%Best | -43.1% |
| $10,000 over 5 years | $18,327Best | $13,515 |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jan 14, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 14, 2010 to Sep 4, 2026 (16.6 years).
IVV vs SCHE 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 16.6 years both funds cover.
IVV vs SCHE Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Schwab Emerging Markets Equity ETF (SCHE) is an ETF from Charles Schwab Asset Management. Over the past year IVV returned +20.08% while SCHE returned +23.19%. Year to date, IVV is up 13.39% versus a gain of 12.28% for SCHE.
Over three years, IVV compounded at +21.29% per year against +18.69% for SCHE; over five years the annualized figures are +12.88% and +6.21% respectively. Across the full 17-year window we track, IVV has the edge at +12.64% annualized vs +3.35%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHE has been the more volatile fund, with annualized monthly volatility of 17.1% 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 -43.1% for SCHE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while SCHE 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 1.10% against 2.64% for SCHE.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 1,410 in SCHE, totalling 100.0% and 91.9% of the two funds. That is not enough of SCHE to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
The two holdings books were reported 127 days apart, IVV as of Aug 5, 2026 and SCHE as of Mar 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 505 positions we hold weights for in IVV and 1,410 in SCHE, against full books of 508 and 2,210.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SCHE | Difference |
|---|---|---|---|
| HALHalliburton Co. | 0.04% | 0.08% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of IVV and SCHE 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 SCHE?
IVV has an expense ratio of 0.03% while SCHE charges 0.06%. IVV is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, IVV or SCHE?
Over the past year IVV returned +20.08% vs +23.19% for SCHE, so SCHE leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +12.64% vs +3.35% for SCHE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SCHE?
SCHE has been the more volatile fund at 17.1% annualized versus 14.4% for IVV. Worst drawdown: IVV -33.9% vs SCHE -43.1%.
Should I hold both IVV and SCHE?
IVV and SCHE have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or SCHE?
IVV yields 1.10% while SCHE yields 2.64%, so SCHE currently pays the higher dividend yield.
Is SCHE better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SCHE over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.