IWR vs SCHD
iShares Russell Mid-Cap ETF vs Schwab US Dividend Equity ETF
Which is better, IWR or SCHD?
Mid Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. IWR led over 3Y and the full window, SCHD over 1Y and 5Y. IWR is less concentrated, with 5.5% 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 | IWR | SCHD |
|---|---|---|
| Expense Ratio | 0.18% | 0.06%Best |
| AUM | $56.2B | $112.1B |
| Dividend Yield | 1.13% | 3.00% |
| Holdings | 831 | 103 |
| YTD Return | +13.57% | +24.96%Best |
| 1Y Return | +15.82% | +28.75%Best |
| 3Y Return (annualized) | +16.61%Best | +15.71% |
| 5Y Return (annualized) | +7.69% | +9.86%Best |
| Volatility (annualized) | 15.6% | 13.6%Best |
| Max Drawdown | -40.6% | -33.4%Best |
| $10,000 over 5 years | $14,484 | $16,003Best |
| Top 10 Weight | 5.5%Best | 41.8% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | 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 9, 2026 (14.9 years).
IWR 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.
IWR vs SCHD Performance
iShares Russell Mid-Cap ETF (IWR) 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 IWR returned +15.82% while SCHD returned +28.75%. Year to date, IWR is up 13.57% versus a gain of 24.96% for SCHD.
Over three years, IWR compounded at +16.61% per year against +15.71% for SCHD; over five years the annualized figures are +7.69% and +9.86% respectively. Across the full 15-year window we track, IWR has the edge at +11.39% annualized vs +11.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWR has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -40.6% for IWR 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IWR charges 0.18% per year while SCHD charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, IWR currently yields 1.13% against 3.00% for SCHD.
Holdings Overlap
5.5% of IWR's money is in holdings SCHD also owns. 19.5% of SCHD's money is in holdings IWR also owns.
SCHD and IWR share little of their money.
The two holdings books were reported 62 days apart, IWR as of Jun 30, 2026 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
38 positions in common, counted across the 798 positions we hold weights for in IWR and 100 in SCHD, against full books of 831 and 103.
What only one of them owns
Our book lists 61 positions for SCHD that do not appear in our book for IWR (80.4% of the fund), and 726 for IWR that do not appear in SCHD (89.6%).
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 IWR | Weight in SCHD | Difference |
|---|---|---|---|
| OKEOneok Inc. | 0.40% | 1.47% | 1.07% |
| FASTFastenal Co. | 0.40% | 1.38% | 0.98% |
| FFord Motor Co | 0.39% | 1.33% | 0.94% |
| DVNDevon Energy Corporation | 0.33% | 1.36% | 1.03% |
| FITBFifth Third Bancorp | 0.38% | 1.19% | 0.81% |
| PAYXPaychex, Inc. | 0.24% | 1.00% | 0.76% |
| ADMArcher-Daniels-Midland Co. | 0.27% | 0.96% | 0.69% |
| KMBKimberly-Clark Corp. | 0.27% | 0.87% | 0.60% |
| ARESAres Management Corp A | 0.17% | 0.74% | 0.57% |
| CINFCincinnati Financial Corp. | 0.21% | 0.64% | 0.43% |
You are not choosing between two funds in isolation.
Whichever of IWR 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, IWR or SCHD?
IWR has an expense ratio of 0.18% while SCHD charges 0.06%. SCHD is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, IWR or SCHD?
Over the past year IWR returned +15.82% vs +28.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), IWR annualized +11.39% vs +11.36% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWR or SCHD?
IWR has been the more volatile fund at 15.6% annualized versus 13.6% for SCHD. Worst drawdown: IWR -40.6% vs SCHD -33.4%.
Should I hold both IWR and SCHD?
IWR and SCHD have a monthly-return correlation of 0.87, 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 IWR and SCHD?
19.5% of SCHD's money is in holdings IWR also owns. 19.5% of SCHD's is in holdings IWR also owns. They hold 38 positions in common, counted across the 798 positions we hold weights for in IWR and 100 in SCHD.
Which pays a higher dividend, IWR or SCHD?
IWR yields 1.13% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than IWR?
SCHD has a lower expense ratio. IWR led over 3Y and the full window, SCHD over 1Y and 5Y. IWR is less concentrated, with 5.5% 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.