IVV vs SCHQ
iShares Core S&P 500 ETF vs Schwab Long-Term US Treasury ETF
Which is better, IVV or SCHQ?
Large Cap Blend against Long Term Government Bond.
IVV led over 1Y, 3Y, 5Y and the full window.
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 | SCHQ |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $876.4B | $853M |
| Dividend Yield | 1.06% | 4.90% |
| Holdings | 508 | 100 |
| YTD Return | +11.03%Best | -3.86% |
| 1Y Return | +15.62%Best | -5.37% |
| 3Y Return (annualized) | +20.81%Best | +0.35% |
| 5Y Return (annualized) | +12.61%Best | -7.36% |
| Volatility (annualized) | 16.8% | 13.4%Best |
| Max Drawdown | -33.9%Best | -46.7% |
| $10,000 over 5 years | $18,109Best | $6,823 |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Long Term Government Bond |
| Inception | May 15, 2000 | Oct 10, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 10, 2019 to Sep 16, 2026 (6.9 years).
IVV vs SCHQ 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 6.9 years both funds cover.
IVV vs SCHQ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Schwab Long-Term US Treasury ETF (SCHQ) is an ETF from Charles Schwab Asset Management. Over the past year IVV returned +15.62% while SCHQ returned -5.37%. Year to date, IVV is up 11.03% versus a loss of 3.86% for SCHQ.
Over three years, IVV compounded at +20.81% per year against +0.35% for SCHQ; over five years the annualized figures are +12.61% and -7.36% respectively. Across the full 7-year window we track, IVV has the edge at +15.85% annualized vs -4.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 13.4% for SCHQ. 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 -46.7% for SCHQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while SCHQ charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.06% against 4.90% for SCHQ.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 1 in SCHQ, totalling 99.3% and 1.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 1 in SCHQ, against full books of 508 and 100.
You are not choosing between two funds in isolation.
Whichever of IVV and SCHQ 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 SCHQ?
IVV has an expense ratio of 0.03% while SCHQ charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, IVV or SCHQ?
Over the past year IVV returned +15.62% vs -5.37% for SCHQ, so IVV leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +15.85% vs -4.53% for SCHQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SCHQ?
IVV has been the more volatile fund at 16.8% annualized versus 13.4% for SCHQ. Worst drawdown: IVV -33.9% vs SCHQ -46.7%.
Should I hold both IVV and SCHQ?
IVV and SCHQ have a monthly-return correlation of 0.30, 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 SCHQ?
IVV yields 1.06% while SCHQ yields 4.90%, so SCHQ currently pays the higher dividend yield.
Is SCHQ better than IVV?
IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.