IVV vs SCHX
iShares Core S&P 500 ETF vs Schwab US Large-Cap ETF
Quick Verdict
IVV delivered stronger 1-year returns. SCHX offers more diversification with 754 holdings.
Side-by-Side Comparison
| Metric | IVV | SCHX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $907.0B | $75.1B | |
| Dividend Yield | 1.10% | 1.03% | |
| Holdings | 508 | 754 | |
| YTD Return | +12.39% | +12.33% | |
| 1Y Return | +20.24% | +19.73% | |
| 3Y Return (annualized) | +21.78% | +21.79% | |
| 5Y Return (annualized) | +12.84% | +12.25% | |
| Volatility (annualized) | 15.1% | 14.5% | |
| Max Drawdown | -56.5% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 3, 2009 |
IVV vs SCHX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab US Large-Cap ETF (SCHX) is a ETF from Charles Schwab Asset Management. Over the past year IVV returned +20.24% while SCHX returned +19.73%. Year to date, IVV is up 12.39% versus a gain of 12.33% for SCHX.
Over three years, IVV compounded at +21.78% per year against +21.79% for SCHX; over five years the annualized figures are +12.84% and +12.25% respectively. Across the full 17-year window we track, SCHX has the edge at +13.12% annualized vs +6.98%. 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 14.5% for SCHX. 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 -34.3% for SCHX. 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 1.00. 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 SCHX charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.10% against 1.03% for SCHX.
Holdings Overlap
IVV and SCHX share 490 holdings out of 765 unique holdings combined, representing a 91.9% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or SCHX?
IVV has an expense ratio of 0.03% while SCHX charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or SCHX?
Over the past year IVV returned +20.24% vs +19.73% for SCHX, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +6.98% vs +13.12% for SCHX. Past performance does not guarantee future results.
Which is riskier, IVV or SCHX?
IVV has been the more volatile fund at 15.1% annualized versus 14.5% for SCHX. Worst drawdown: IVV -56.5% vs SCHX -34.3%.
Should I hold both IVV and SCHX?
IVV and SCHX have a monthly-return correlation of 1.00, 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 SCHX?
IVV and SCHX share 490 common holdings with a 91.9% weight overlap. Combined, they hold 765 unique securities.
Which pays a higher dividend, IVV or SCHX?
IVV yields 1.10% while SCHX yields 1.03%, so IVV currently pays the higher dividend yield.
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