IWN vs SCHD
iShares Russell 2000 Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. IWN delivered stronger 1-year returns. IWN offers more diversification with 1,408 holdings.
Side-by-Side Comparison
| Metric | IWN | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.06% | |
| AUM | $14.7B | $108.7B | |
| Dividend Yield | 1.44% | 3.13% | |
| Holdings | 1,408 | 104 | |
| YTD Return | +23.72% | +28.70% | |
| 1Y Return | +37.44% | +32.27% | |
| 3Y Return (annualized) | +19.15% | +17.27% | |
| 5Y Return (annualized) | +9.13% | +10.23% | |
| Volatility (annualized) | 19.6% | 13.7% | |
| Max Drawdown | -62.9% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jul 24, 2000 | Oct 20, 2011 |
IWN vs SCHD Performance
iShares Russell 2000 Value ETF (IWN) 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 IWN returned +37.44% while SCHD returned +32.27%. Year to date, IWN is up 23.72% versus a gain of 28.70% for SCHD.
Over three years, IWN compounded at +19.15% per year against +17.27% for SCHD; over five years the annualized figures are +9.13% and +10.23% respectively. Across the full 15-year window we track, SCHD has the edge at +11.63% annualized vs +7.92%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWN has been the more volatile fund, with annualized monthly volatility of 19.6% compared with 13.7% 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 -62.9% for IWN 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IWN charges 0.24% per year while SCHD charges 0.06%. On a $10,000 position that is $24 vs $6 annually, a gap of $18 per year that compounds over a long holding period. On income, IWN currently yields 1.44% against 3.13% for SCHD.
Holdings Overlap
IWN and SCHD share 28 holdings out of 1306 unique holdings combined, representing a 1.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IWN or SCHD?
IWN has an expense ratio of 0.24% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, IWN or SCHD?
Over the past year IWN returned +37.44% vs +32.27% for SCHD, so IWN leads on 1-year performance. Over the longest common window we track (15 years), IWN annualized +7.92% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, IWN or SCHD?
IWN has been the more volatile fund at 19.6% annualized versus 13.7% for SCHD. Worst drawdown: IWN -62.9% vs SCHD -33.4%.
Should I hold both IWN and SCHD?
IWN and SCHD have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IWN and SCHD?
IWN and SCHD share 28 common holdings with a 1.1% weight overlap. Combined, they hold 1306 unique securities.
Which pays a higher dividend, IWN or SCHD?
IWN yields 1.44% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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