IVV vs SCHO
iShares Core S&P 500 ETF vs Schwab Short-Term US Treasury ETF
Quick Verdict
IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SCHO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $865.2B | $12.8B | |
| Dividend Yield | 1.09% | 3.90% | |
| Holdings | 508 | 98 | |
| YTD Return | +13.72% | +0.74% | |
| 1Y Return | +21.64% | +2.58% | |
| 3Y Return (annualized) | +21.55% | +4.13% | |
| 5Y Return (annualized) | +13.27% | +1.79% | |
| Volatility (annualized) | 15.1% | 1.4% | |
| Max Drawdown | -56.5% | -6.3% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Aug 5, 2010 |
IVV vs SCHO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab Short-Term US Treasury ETF (SCHO) is a ETF from Charles Schwab Asset Management. Over the past year IVV returned +21.64% while SCHO returned +2.58%. Year to date, IVV is up 13.72% versus a gain of 0.74% for SCHO.
Over three years, IVV compounded at +21.55% per year against +4.13% for SCHO; over five years the annualized figures are +13.27% and +1.79% respectively. Across the full 16-year window we track, IVV has the edge at +7.04% annualized vs +0.72%. 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 1.4% for SCHO. 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 -6.3% for SCHO. 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 0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SCHO charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.09% against 3.90% for SCHO.
Frequently Asked Questions
Which is cheaper, IVV or SCHO?
IVV has an expense ratio of 0.03% while SCHO charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or SCHO?
Over the past year IVV returned +21.64% vs +2.58% for SCHO, so IVV leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +7.04% vs +0.72% for SCHO. Past performance does not guarantee future results.
Which is riskier, IVV or SCHO?
IVV has been the more volatile fund at 15.1% annualized versus 1.4% for SCHO. Worst drawdown: IVV -56.5% vs SCHO -6.3%.
Should I hold both IVV and SCHO?
IVV and SCHO have a monthly-return correlation of 0.08, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or SCHO?
IVV yields 1.09% while SCHO yields 3.90%, so SCHO currently pays the higher dividend yield.
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