IWN vs SCHD
iShares Russell 2000 Value ETF vs Schwab US Dividend Equity ETF
Which is better, IWN or SCHD?
Small Cap Value against Large Cap Value.
SCHD has a lower expense ratio. IWN led over 3Y, SCHD over 1Y, 5Y and the full window. IWN is less concentrated, with 5.4% of the fund in its ten largest positions against 41.8%.
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 | IWN | SCHD |
|---|---|---|
| Expense Ratio | 0.24% | 0.06%Best |
| AUM | $14.3B | $112.1B |
| Dividend Yield | 1.44% | 3.00% |
| Holdings | 1,408 | 103 |
| YTD Return | +20.50% | +24.59%Best |
| 1Y Return | +27.49% | +28.14%Best |
| 3Y Return (annualized) | +18.04%Best | +15.58% |
| 5Y Return (annualized) | +8.50% | +9.90%Best |
| Volatility (annualized) | 19.0% | 13.6%Best |
| Max Drawdown | -47.6% | -33.4%Best |
| $10,000 over 5 years | $15,037 | $16,032Best |
| Top 10 Weight | 5.4%Best | 41.8% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Value |
| Inception | Jul 24, 2000 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 10, 2026 (14.9 years).
IWN 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 14.9 years both funds cover.
IWN vs SCHD Performance
iShares Russell 2000 Value ETF (IWN) is an ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year IWN returned +27.49% while SCHD returned +28.14%. Year to date, IWN is up 20.50% versus a gain of 24.59% for SCHD.
Over three years, IWN compounded at +18.04% per year against +15.58% for SCHD; over five years the annualized figures are +8.50% and +9.90% respectively. Across the full 15-year window we track, SCHD has the edge at +11.34% annualized vs +9.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWN has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 13.6% 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 -47.6% for IWN and -33.4% 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 0.82. 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 3.00% for SCHD.
Holdings Overlap
2.6% of IWN's money is in holdings SCHD also owns. 1.2% of SCHD's money is in holdings IWN also owns.
IWN and SCHD share little of their money.
29 positions in common, counted across the 1,384 positions we hold weights for in IWN and 100 in SCHD, against full books of 1,408 and 103.
What only one of them owns
Our book lists 71 positions for SCHD that do not appear in our book for IWN (98.8% of the fund), and 1,208 for IWN that do not appear in SCHD (93.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IWN | Weight in SCHD | Difference |
|---|---|---|---|
| MURMurphy Oil Corp | 0.32% | 0.12% | 0.20% |
| KFYKorn Ferry | 0.28% | 0.11% | 0.17% |
| CVBFCvb Financial Corp | 0.25% | 0.09% | 0.16% |
| BANRBanner Corp | 0.15% | 0.06% | 0.09% |
| OFG:PROfg Bancorp | 0.14% | 0.05% | 0.09% |
| AGMFederal Agricultural Mortgage Corp | 0.13% | 0.05% | 0.08% |
| GABCGerman American Bancorp Inc Common Stock | 0.12% | 0.05% | 0.07% |
| NBHCNational Bank Holdings Corp | 0.12% | 0.05% | 0.07% |
| STBAS&T Bancorp Inc | 0.12% | 0.04% | 0.08% |
| SRCE1st Source Corp Common Stock | 0.11% | 0.04% | 0.07% |
You are not choosing between two funds in isolation.
Whichever of IWN 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, IWN or SCHD?
IWN has an expense ratio of 0.24% while SCHD charges 0.06%. SCHD is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, IWN or SCHD?
Over the past year IWN returned +27.49% vs +28.14% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), IWN annualized +9.62% vs +11.34% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWN or SCHD?
IWN has been the more volatile fund at 19.0% annualized versus 13.6% for SCHD. Worst drawdown: IWN -47.6% vs SCHD -33.4%.
Should I hold both IWN and SCHD?
IWN and SCHD have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IWN and SCHD?
2.6% of IWN's money is in holdings SCHD also owns. 1.2% of SCHD's is in holdings IWN also owns. They hold 29 positions in common, counted across the 1,384 positions we hold weights for in IWN and 100 in SCHD.
Which pays a higher dividend, IWN or SCHD?
IWN yields 1.44% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than IWN?
SCHD has a lower expense ratio. IWN led over 3Y, SCHD over 1Y, 5Y and the full window. IWN is less concentrated, with 5.4% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.