IVV vs SCHM
iShares Core S&P 500 ETF vs Schwab US Mid Cap ETF
Quick Verdict
SCHM delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SCHM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $865.2B | $14.6B | |
| Dividend Yield | 1.09% | 1.20% | |
| Holdings | 508 | 497 | |
| YTD Return | +13.43% | +18.72% | |
| 1Y Return | +22.61% | +29.30% | |
| 3Y Return (annualized) | +21.47% | +16.12% | |
| 5Y Return (annualized) | +13.26% | +7.99% | |
| Volatility (annualized) | 15.1% | 17.2% | |
| Max Drawdown | -56.5% | -42.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 13, 2011 |
IVV vs SCHM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab US Mid Cap ETF (SCHM) is a ETF from Charles Schwab Asset Management. Over the past year IVV returned +22.61% while SCHM returned +29.30%. Year to date, IVV is up 13.43% versus a gain of 18.72% for SCHM.
Over three years, IVV compounded at +21.47% per year against +16.12% for SCHM; over five years the annualized figures are +13.26% and +7.99% respectively. Across the full 16-year window we track, SCHM has the edge at +10.37% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHM has been the more volatile fund, with annualized monthly volatility of 17.2% 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 -42.4% for SCHM. 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 0.92. 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 SCHM charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.09% against 1.20% for SCHM.
Holdings Overlap
IVV and SCHM share 84 holdings out of 915 unique holdings combined, representing a 2.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SCHM?
IVV has an expense ratio of 0.03% while SCHM charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or SCHM?
Over the past year IVV returned +22.61% vs +29.30% for SCHM, so SCHM leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +7.03% vs +10.37% for SCHM. Past performance does not guarantee future results.
Which is riskier, IVV or SCHM?
SCHM has been the more volatile fund at 17.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SCHM -42.4%.
Should I hold both IVV and SCHM?
IVV and SCHM have a monthly-return correlation of 0.92, 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 SCHM?
IVV and SCHM share 84 common holdings with a 2.6% weight overlap. Combined, they hold 915 unique securities.
Which pays a higher dividend, IVV or SCHM?
IVV yields 1.09% while SCHM yields 1.20%, so SCHM currently pays the higher dividend yield.
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