IVVW vs SCHD
iShares S&P 500 BuyWrite ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. IVVW offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | IVVW | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.06% | |
| AUM | $339M | $108.7B | |
| Dividend Yield | 17.14% | 3.13% | |
| Holdings | 509 | 104 | |
| YTD Return | -0.11% | +28.48% | |
| 1Y Return | +6.70% | +30.95% | |
| 3Y Return (annualized) | - | +16.80% | |
| 5Y Return (annualized) | - | +10.27% | |
| Volatility (annualized) | 7.5% | 13.7% | |
| Max Drawdown | -16.8% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 14, 2024 | Oct 20, 2011 |
IVVW vs SCHD Performance
iShares S&P 500 BuyWrite ETF (IVVW) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year IVVW returned +6.70% while SCHD returned +30.95%. Year to date, IVVW is down 0.11% versus a gain of 28.48% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 7.5% for IVVW. 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 -16.8% for IVVW and -33.4% for SCHD. 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVVW charges 0.25% per year while SCHD charges 0.06%. On a $10,000 position that is $25 vs $6 annually, a gap of $19 per year that compounds over a long holding period. On income, IVVW currently yields 17.14% against 3.13% for SCHD.
Holdings Overlap
IVVW and SCHD share 41 holdings out of 554 unique holdings combined, representing a 6.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVVW or SCHD?
IVVW has an expense ratio of 0.25% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, IVVW or SCHD?
Over the past year IVVW returned +6.70% vs +30.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), IVVW annualized +9.27% vs +11.60% for SCHD. Past performance does not guarantee future results.
Which is riskier, IVVW or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 7.5% for IVVW. Worst drawdown: IVVW -16.8% vs SCHD -33.4%.
Should I hold both IVVW and SCHD?
IVVW and SCHD have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVVW and SCHD?
IVVW and SCHD share 41 common holdings with a 6.0% weight overlap. Combined, they hold 554 unique securities.
Which pays a higher dividend, IVVW or SCHD?
IVVW yields 17.14% while SCHD yields 3.13%, so IVVW currently pays the higher dividend yield.
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