IVV vs SCHX
iShares Core S&P 500 ETF vs Schwab US Large-Cap ETF
Which is better, IVV or SCHX?
Each has led over a different period.
IVV led over 1Y, 3Y and 5Y, SCHX over the full window. The two have moved almost in lockstep, correlation 1.00. SCHX is less concentrated, with 36.0% of the fund in its ten largest positions against 37.8%.
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 | SCHX |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $876.4B | $73.6B |
| Dividend Yield | 1.06% | 1.00% |
| Holdings | 508 | 752 |
| YTD Return | +11.51%Best | +11.29% |
| 1Y Return | +15.96%Best | +15.35% |
| 3Y Return (annualized) | +21.01%Best | +20.92% |
| 5Y Return (annualized) | +12.66%Best | +12.05% |
| Volatility (annualized) | 14.4%Best | 14.5% |
| Max Drawdown | -33.9%Best | -34.3% |
| $10,000 over 5 years | $18,149Best | $17,663 |
| Top 10 Weight | 37.8% | 36.0%Best |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Nov 3, 2009 |
Volatility and max drawdown are measured over the window both funds cover: Nov 3, 2009 to Sep 15, 2026 (16.9 years).
IVV vs SCHX 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 16.9 years both funds cover.
IVV vs SCHX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Schwab US Large-Cap ETF (SCHX) is an ETF from Charles Schwab Asset Management. Over the past year IVV returned +15.96% while SCHX returned +15.35%. Year to date, IVV is up 11.51% versus a gain of 11.29% for SCHX.
Over three years, IVV compounded at +21.01% per year against +20.92% for SCHX; over five years the annualized figures are +12.66% and +12.05% respectively. Across the full 17-year window we track, SCHX has the edge at +13.01% annualized vs +12.98%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHX has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 14.4% for IVV. 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 -34.3% for SCHX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 1.00% for SCHX.
Holdings Overlap
98.1% of IVV's money is in holdings SCHX also owns. 93.5% of SCHX's money is in holdings IVV also owns.
Most of IVV is already inside SCHX. Owning both mostly buys the same companies twice.
476 positions in common, counted across the 490 positions we hold weights for in IVV and 747 in SCHX, against full books of 508 and 752.
What only one of them owns
Our book lists 245 positions for SCHX that do not appear in our book for IVV (5.8% of the fund), and 9 for IVV that do not appear in SCHX (0.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SCHX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 7.70% | 0.37% |
| AAPLApple, Inc | 7.02% | 6.70% | 0.32% |
| MSFTMicrosoft Corp | 5.69% | 5.42% | 0.27% |
| AMZNAmazon.Com Inc | 3.84% | 3.66% | 0.18% |
| GOOGLAlphabet Inc,class A | 3.00% | 2.86% | 0.14% |
| AVGOBroadcom Inc | 2.65% | 2.53% | 0.12% |
| GOOGAlphabet Inc | 2.39% | 2.28% | 0.11% |
| METAMeta Platforms Inc | 1.90% | 1.81% | 0.09% |
| MUMicron Technology, Inc. | 1.63% | 1.56% | 0.07% |
| TSLATesla Inc | 1.56% | 1.49% | 0.07% |
98.1% of IVV is already inside SCHX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SCHX?
IVV has an expense ratio of 0.03% while SCHX charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, IVV or SCHX?
Over the past year IVV returned +15.96% vs +15.35% for SCHX, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +12.98% vs +13.01% for SCHX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SCHX?
SCHX has been the more volatile fund at 14.5% annualized versus 14.4% for IVV. Worst drawdown: IVV -33.9% 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. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and SCHX?
98.1% of IVV's money is in holdings SCHX also owns. 93.5% of SCHX's is in holdings IVV also owns. They hold 476 positions in common, counted across the 490 positions we hold weights for in IVV and 747 in SCHX.
Which pays a higher dividend, IVV or SCHX?
IVV yields 1.06% while SCHX yields 1.00%, so IVV currently pays the higher dividend yield.
Is SCHX better than IVV?
IVV led over 1Y, 3Y and 5Y, SCHX over the full window. The two have moved almost in lockstep, correlation 1.00. SCHX is less concentrated, with 36.0% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.