IVV vs SCHY
IVV vs SCHY
iShares Core S&P 500 ETF vs Schwab International Dividend Equity ETF
Quick Verdict
IVV has a lower expense ratio. SCHY delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SCHY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.08% | |
| AUM | $865.2B | $2.5B | |
| Dividend Yield | 1.09% | 3.50% | |
| Holdings | 508 | 136 | |
| YTD Return | +13.80% | +13.92% | |
| 1Y Return | +23.70% | +26.19% | |
| 3Y Return (annualized) | +21.49% | +17.12% | |
| 5Y Return (annualized) | +13.43% | +9.36% | |
| Volatility (annualized) | 15.1% | 13.8% | |
| Max Drawdown | -56.5% | -24.0% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 28, 2021 |
IVV vs SCHY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab International Dividend Equity ETF (SCHY) is a ETF from Charles Schwab Asset Management. Over the past year IVV returned +23.70% while SCHY returned +26.19%. Year to date, IVV is up 13.80% versus a gain of 13.92% for SCHY.
Over three years, IVV compounded at +21.49% per year against +17.12% for SCHY; over five years the annualized figures are +13.43% and +9.36% respectively. Across the full 5-year window we track, SCHY has the edge at +9.67% annualized vs +7.05%. 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 13.8% for SCHY. 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 -24.0% for SCHY. 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SCHY charges 0.08%. On a $10,000 position that is $3 vs $8 annually, a gap of $5 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.50% for SCHY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IVV or SCHY?
IVV has an expense ratio of 0.03% while SCHY charges 0.08%. IVV is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, IVV or SCHY?
Over the past year IVV returned +23.70% vs +26.19% for SCHY, so SCHY leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.05% vs +9.67% for SCHY. Past performance does not guarantee future results.
Which is riskier, IVV or SCHY?
IVV has been the more volatile fund at 15.1% annualized versus 13.8% for SCHY. Worst drawdown: IVV -56.5% vs SCHY -24.0%.
Should I hold both IVV and SCHY?
IVV and SCHY have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SCHY?
IVV and SCHY share 2 common holdings with a 0.1% weight overlap. Combined, they hold 608 unique securities.
Which pays a higher dividend, IVV or SCHY?
IVV yields 1.09% while SCHY yields 3.50%, so SCHY currently pays the higher dividend yield.
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