IVV vs SCHM
iShares Core S&P 500 ETF vs Schwab US Mid Cap ETF
Which is better, IVV or SCHM?
Large Cap Blend against Mid Cap Blend.
IVV led over 3Y, 5Y and the full window, SCHM over 1Y. The two have moved almost in lockstep, correlation 0.92. SCHM is less concentrated, with 12.4% 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 | SCHM |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $876.4B | $14.7B |
| Dividend Yield | 1.06% | 1.24% |
| Holdings | 508 | 495 |
| YTD Return | +12.39% | +14.96%Best |
| 1Y Return | +16.61% | +17.46%Best |
| 3Y Return (annualized) | +21.38%Best | +16.23% |
| 5Y Return (annualized) | +13.51%Best | +7.87% |
| Volatility (annualized) | 14.2%Best | 17.2% |
| Max Drawdown | -33.9%Best | -42.4% |
| $10,000 over 5 years | $18,844Best | $14,605 |
| Top 10 Weight | 37.8% | 12.4%Best |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Blend |
| Inception | May 15, 2000 | Jan 13, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jan 13, 2011 to Sep 18, 2026 (15.7 years).
IVV vs SCHM 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 15.7 years both funds cover.
IVV vs SCHM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Schwab US Mid Cap ETF (SCHM) is an ETF from Charles Schwab Asset Management. Over the past year IVV returned +16.61% while SCHM returned +17.46%. Year to date, IVV is up 12.39% versus a gain of 14.96% for SCHM.
Over three years, IVV compounded at +21.38% per year against +16.23% for SCHM; over five years the annualized figures are +13.51% and +7.87% respectively. Across the full 16-year window we track, IVV has the edge at +12.60% annualized vs +10.07%.
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 14.2% 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 -42.4% for SCHM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 1.24% for SCHM.
Holdings Overlap
2.8% of IVV's money is in holdings SCHM also owns. 29.1% of SCHM's money is in holdings IVV also owns.
SCHM and IVV share little of their money.
80 positions in common, counted across the 490 positions we hold weights for in IVV and 492 in SCHM, against full books of 508 and 495.
What only one of them owns
Our book lists 397 positions for SCHM that do not appear in our book for IVV (66.9% of the fund), and 402 for IVV that do not appear in SCHM (95.9%).
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 SCHM | Difference |
|---|---|---|---|
| SNDKSandisk Corp/De | 0.35% | 4.32% | 3.97% |
| LITELumentum Holdings Inc | 0.11% | 1.33% | 1.22% |
| CIENCiena Corp | 0.08% | 1.01% | 0.93% |
| COHRCoherent Corp | 0.08% | 1.01% | 0.93% |
| MRNAModerna therapeutics | 0.07% | 0.92% | 0.85% |
| STLDSteel Dynamics, Inc. | 0.05% | 0.59% | 0.54% |
| CNCCentene | 0.05% | 0.56% | 0.51% |
| CASYCaseys General | 0.04% | 0.52% | 0.48% |
| RTXRaytheon Co. | 0.42% | 0.12% | 0.30% |
| OMCOmnicom Group Inc. | 0.04% | 0.46% | 0.42% |
29.1% of SCHM 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 SCHM?
IVV has an expense ratio of 0.03% while SCHM charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, IVV or SCHM?
Over the past year IVV returned +16.61% vs +17.46% for SCHM, so SCHM leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +12.60% vs +10.07% for SCHM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SCHM?
SCHM has been the more volatile fund at 17.2% annualized versus 14.2% for IVV. Worst drawdown: IVV -33.9% 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. 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 SCHM?
29.1% of SCHM's money is in holdings IVV also owns. 29.1% of SCHM's is in holdings IVV also owns. They hold 80 positions in common, counted across the 490 positions we hold weights for in IVV and 492 in SCHM.
Which pays a higher dividend, IVV or SCHM?
IVV yields 1.06% while SCHM yields 1.24%, so SCHM currently pays the higher dividend yield.
Is SCHM better than IVV?
IVV led over 3Y, 5Y and the full window, SCHM over 1Y. The two have moved almost in lockstep, correlation 0.92. SCHM is less concentrated, with 12.4% 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.