IWP vs SCHD
iShares Russell Midcap Growth ETF vs Schwab US Dividend Equity ETF
Which is better, IWP or SCHD?
Mid Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. IWP led over the full window, SCHD over 1Y, 3Y and 5Y. IWP is less concentrated, with 20.3% 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 | IWP | SCHD |
|---|---|---|
| Expense Ratio | 0.23% | 0.06%Best |
| AUM | $19.4B | $112.1B |
| Dividend Yield | 0.35% | 3.00% |
| Holdings | 271 | 103 |
| YTD Return | +0.00% | +25.07%Best |
| 1Y Return | -4.85% | +27.61%Best |
| 3Y Return (annualized) | +13.78% | +15.74%Best |
| 5Y Return (annualized) | +3.95% | +9.89%Best |
| Volatility (annualized) | 16.9% | 13.6%Best |
| Max Drawdown | -38.6% | -33.4%Best |
| $10,000 over 5 years | $12,137 | $16,025Best |
| Top 10 Weight | 20.3%Best | 41.8% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Value |
| Inception | Jul 17, 2001 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 11, 2026 (14.9 years).
IWP 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.
IWP vs SCHD Performance
iShares Russell Midcap Growth ETF (IWP) 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 IWP returned -4.85% while SCHD returned +27.61%. Year to date, IWP is up 0.00% versus a gain of 25.07% for SCHD.
Over three years, IWP compounded at +13.78% per year against +15.74% for SCHD; over five years the annualized figures are +3.95% and +9.89% respectively. Across the full 15-year window we track, IWP has the edge at +11.80% annualized vs +11.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWP has been the more volatile fund, with annualized monthly volatility of 16.9% 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 -38.6% for IWP 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IWP charges 0.23% per year while SCHD charges 0.06%. On a $10,000 position that is $23 vs $6 annually, a gap of $17 per year that compounds over a long holding period. On income, IWP currently yields 0.35% against 3.00% for SCHD.
Holdings Overlap
3.4% of IWP's money is in holdings SCHD also owns. 4.6% of SCHD's money is in holdings IWP also owns.
SCHD and IWP share little of their money.
7 positions in common, counted across the 265 positions we hold weights for in IWP and 100 in SCHD, against full books of 271 and 103.
What only one of them owns
Our book lists 92 positions for SCHD that do not appear in our book for IWP (95.4% of the fund), and 244 for IWP that do not appear in SCHD (92.6%).
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 IWP | Weight in SCHD | Difference |
|---|---|---|---|
| FASTFastenal Co. | 1.33% | 1.38% | 0.05% |
| ARESAres Management Corp Common Stock | 0.78% | 0.74% | 0.04% |
| DRIDarden Restaurants Inc. | 0.67% | 0.60% | 0.07% |
| KMBKimberly-Clark Corp. | 0.34% | 0.87% | 0.53% |
| HSYHershey Co. | 0.08% | 0.64% | 0.56% |
| BAHBooz Allen Hamilton Holding Corp. | 0.05% | 0.22% | 0.17% |
| MTNVail Resorts Inc. | 0.12% | 0.12% | 0.00% |
You are not choosing between two funds in isolation.
Whichever of IWP 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, IWP or SCHD?
IWP has an expense ratio of 0.23% while SCHD charges 0.06%. SCHD is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IWP or SCHD?
Over the past year IWP returned -4.85% vs +27.61% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), IWP annualized +11.80% vs +11.36% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWP or SCHD?
IWP has been the more volatile fund at 16.9% annualized versus 13.6% for SCHD. Worst drawdown: IWP -38.6% vs SCHD -33.4%.
Should I hold both IWP and SCHD?
IWP and SCHD have a monthly-return correlation of 0.72, 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 IWP and SCHD?
4.6% of SCHD's money is in holdings IWP also owns. 4.6% of SCHD's is in holdings IWP also owns. They hold 7 positions in common, counted across the 265 positions we hold weights for in IWP and 100 in SCHD.
Which pays a higher dividend, IWP or SCHD?
IWP yields 0.35% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than IWP?
SCHD has a lower expense ratio. IWP led over the full window, SCHD over 1Y, 3Y and 5Y. IWP is less concentrated, with 20.3% 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.