IWMI vs SCHD
NEOS Russell 2000 High Income ETF vs Schwab US Dividend Equity ETF
Which is better, IWMI or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window.
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 | IWMI | SCHD |
|---|---|---|
| Expense Ratio | 0.68% | 0.06%Best |
| AUM | $1.2B | $112.1B |
| Dividend Yield | 13.96% | 3.00% |
| Holdings | 4 | 103 |
| YTD Return | +1.82% | +24.04%Best |
| 1Y Return | +6.97% | +27.95%Best |
| 3Y Return (annualized) | - | +15.51% |
| 5Y Return (annualized) | - | +9.80% |
| Volatility (annualized) | 13.6% | 13.4%Best |
| Max Drawdown | -23.9% | -16.1%Best |
| $10,000 over 2.2 years | $12,397 | $13,991Best |
| Fund Family | NEOS | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jun 25, 2024 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jun 25, 2024 to Sep 16, 2026 (2.2 years).
IWMI vs SCHD 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 2.2 years both funds cover.
IWMI vs SCHD Performance
NEOS Russell 2000 High Income ETF (IWMI) is an ETF from NEOS and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year IWMI returned +6.97% while SCHD returned +27.95%. Year to date, IWMI is up 1.82% versus a gain of 24.04% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWMI has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.4% for SCHD. 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 -23.9% for IWMI and -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IWMI charges 0.68% per year while SCHD charges 0.06%. On a $10,000 position that is $68 vs $6 annually, a gap of $62 per year that compounds over a long holding period. On income, IWMI currently yields 13.96% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 1 holding in IWMI and 100 in SCHD, totalling 99.8% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in IWMI and 100 in SCHD, against full books of 4 and 103.
You are not choosing between two funds in isolation.
Whichever of IWMI and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IWMI or SCHD?
IWMI has an expense ratio of 0.68% while SCHD charges 0.06%. SCHD is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, IWMI or SCHD?
Over the past year IWMI returned +6.97% vs +27.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), IWMI annualized +10.26% vs +16.49% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWMI or SCHD?
IWMI has been the more volatile fund at 13.6% annualized versus 13.4% for SCHD. Worst drawdown: IWMI -23.9% vs SCHD -16.1%.
Should I hold both IWMI and SCHD?
IWMI and SCHD have a monthly-return correlation of 0.51, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IWMI or SCHD?
IWMI yields 13.96% while SCHD yields 3.00%, so IWMI currently pays the higher dividend yield.
Is SCHD better than IWMI?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.