IVV vs SCMB
iShares Core S&P 500 ETF vs Schwab Municipal Bond ETF
Quick Verdict
IVV delivered stronger 1-year returns. SCMB offers more diversification with 6,809 holdings.
Side-by-Side Comparison
| Metric | IVV | SCMB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $886.7B | $4.2B | |
| Dividend Yield | 1.10% | 3.59% | |
| Holdings | 508 | 6,809 | |
| YTD Return | +12.92% | -0.44% | |
| 1Y Return | +21.22% | +3.67% | |
| 3Y Return (annualized) | +20.95% | +2.91% | |
| 5Y Return (annualized) | +12.76% | - | |
| Volatility (annualized) | 15.1% | 6.0% | |
| Max Drawdown | -56.5% | -6.1% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Investment Mangement | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Oct 11, 2022 |
IVV vs SCMB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab Municipal Bond ETF (SCMB) is a ETF from Charles Schwab Investment Mangement. Over the past year IVV returned +21.22% while SCMB returned +3.67%. Year to date, IVV is up 12.92% versus a loss of 0.44% for SCMB.
Over three years, IVV compounded at +20.95% per year against +2.91% for SCMB. Across the full 4-year window we track, IVV has the edge at +7.00% annualized vs +3.30%. 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 6.0% for SCMB. 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 -6.1% for SCMB. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SCMB charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.10% against 3.59% for SCMB.
Holdings Overlap
IVV and SCMB share 0 holdings out of 2873 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 SCMB?
IVV has an expense ratio of 0.03% while SCMB charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or SCMB?
Over the past year IVV returned +21.22% vs +3.67% for SCMB, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.00% vs +3.30% for SCMB. Past performance does not guarantee future results.
Which is riskier, IVV or SCMB?
IVV has been the more volatile fund at 15.1% annualized versus 6.0% for SCMB. Worst drawdown: IVV -56.5% vs SCMB -6.1%.
Should I hold both IVV and SCMB?
IVV and SCMB have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SCMB?
IVV and SCMB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2873 unique securities.
Which pays a higher dividend, IVV or SCMB?
IVV yields 1.10% while SCMB yields 3.59%, so SCMB currently pays the higher dividend yield.
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