IVV vs SCHV
iShares Core S&P 500 ETF vs Schwab US Large-Cap Value ETF
Quick Verdict
IVV has a lower expense ratio. SCHV delivered stronger 1-year returns. SCHV offers more diversification with 560 holdings.
Side-by-Side Comparison
| Metric | IVV | SCHV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.04% | |
| AUM | $886.7B | $15.7B | |
| Dividend Yield | 1.10% | 1.79% | |
| Holdings | 508 | 560 | |
| YTD Return | +12.92% | +16.48% | |
| 1Y Return | +21.22% | +22.87% | |
| 3Y Return (annualized) | +20.95% | +17.71% | |
| 5Y Return (annualized) | +12.76% | +10.41% | |
| Volatility (annualized) | 15.1% | 14.1% | |
| Max Drawdown | -56.5% | -37.1% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 11, 2009 |
IVV vs SCHV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab US Large-Cap Value ETF (SCHV) is a ETF from Charles Schwab Asset Management. Over the past year IVV returned +21.22% while SCHV returned +22.87%. Year to date, IVV is up 12.92% versus a gain of 16.48% for SCHV.
Over three years, IVV compounded at +20.95% per year against +17.71% for SCHV; over five years the annualized figures are +12.76% and +10.41% respectively. Across the full 17-year window we track, SCHV has the edge at +9.59% annualized vs +7.00%. 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 14.1% for SCHV. 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 -37.1% for SCHV. 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 0.94. 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 SCHV charges 0.04%. On a $10,000 position that is $3 vs $4 annually, a gap of $1 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.79% for SCHV.
Holdings Overlap
IVV and SCHV share 372 holdings out of 690 unique holdings combined, representing a 44.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SCHV?
IVV has an expense ratio of 0.03% while SCHV charges 0.04%. IVV is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, IVV or SCHV?
Over the past year IVV returned +21.22% vs +22.87% for SCHV, so SCHV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +7.00% vs +9.59% for SCHV. Past performance does not guarantee future results.
Which is riskier, IVV or SCHV?
IVV has been the more volatile fund at 15.1% annualized versus 14.1% for SCHV. Worst drawdown: IVV -56.5% vs SCHV -37.1%.
Should I hold both IVV and SCHV?
IVV and SCHV have a monthly-return correlation of 0.94, 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 SCHV?
IVV and SCHV share 372 common holdings with a 44.1% weight overlap. Combined, they hold 690 unique securities.
Which pays a higher dividend, IVV or SCHV?
IVV yields 1.10% while SCHV yields 1.79%, so SCHV currently pays the higher dividend yield.
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