IVV vs SCHQ
iShares Core S&P 500 ETF vs Schwab Long-Term US Treasury ETF
Quick Verdict
IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SCHQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $907.0B | $803M | |
| Dividend Yield | 1.10% | 4.91% | |
| Holdings | 508 | 100 | |
| YTD Return | +13.22% | -1.71% | |
| 1Y Return | +21.62% | +0.84% | |
| 3Y Return (annualized) | +22.17% | +1.50% | |
| 5Y Return (annualized) | +13.42% | -7.00% | |
| Volatility (annualized) | 15.1% | 13.5% | |
| Max Drawdown | -56.5% | -46.7% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Oct 10, 2019 |
IVV vs SCHQ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab Long-Term US Treasury ETF (SCHQ) is a ETF from Charles Schwab Asset Management. Over the past year IVV returned +21.62% while SCHQ returned +0.84%. Year to date, IVV is up 13.22% versus a loss of 1.71% for SCHQ.
Over three years, IVV compounded at +22.17% per year against +1.50% for SCHQ; over five years the annualized figures are +13.42% and -7.00% respectively. Across the full 7-year window we track, IVV has the edge at +7.02% annualized vs -4.27%. 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 13.5% 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 -56.5% for IVV and -46.7% for SCHQ. 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.10% against 4.91% for SCHQ.
Holdings Overlap
IVV and SCHQ share 0 holdings out of 597 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SCHQ?
IVV has an expense ratio of 0.03% while SCHQ charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or SCHQ?
Over the past year IVV returned +21.62% vs +0.84% for SCHQ, so IVV leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +7.02% vs -4.27% for SCHQ. Past performance does not guarantee future results.
Which is riskier, IVV or SCHQ?
IVV has been the more volatile fund at 15.1% annualized versus 13.5% for SCHQ. Worst drawdown: IVV -56.5% vs SCHQ -46.7%.
Should I hold both IVV and SCHQ?
IVV and SCHQ have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SCHQ?
IVV and SCHQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 597 unique securities.
Which pays a higher dividend, IVV or SCHQ?
IVV yields 1.10% while SCHQ yields 4.91%, so SCHQ currently pays the higher dividend yield.
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