IWV vs SCHD
iShares Russell 3000 ETF vs Schwab US Dividend Equity ETF
Which is better, IWV or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. IWV led over 3Y, 5Y and the full window, SCHD over 1Y. IWV is less concentrated, with 33.5% 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 | IWV | SCHD |
|---|---|---|
| Expense Ratio | 0.20% | 0.06%Best |
| AUM | $20.2B | $112.1B |
| Dividend Yield | 0.85% | 3.00% |
| Holdings | 2,596 | 103 |
| YTD Return | +12.39% | +25.07%Best |
| 1Y Return | +16.88% | +27.61%Best |
| 3Y Return (annualized) | +20.63%Best | +15.74% |
| 5Y Return (annualized) | +11.78%Best | +9.89% |
| Volatility (annualized) | 14.2% | 13.6%Best |
| Max Drawdown | -35.2% | -33.4%Best |
| $10,000 over 5 years | $17,451Best | $16,025 |
| Top 10 Weight | 33.5%Best | 41.8% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 22, 2000 | 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).
IWV 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.
IWV vs SCHD Performance
iShares Russell 3000 ETF (IWV) 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 IWV returned +16.88% while SCHD returned +27.61%. Year to date, IWV is up 12.39% versus a gain of 25.07% for SCHD.
Over three years, IWV compounded at +20.63% per year against +15.74% for SCHD; over five years the annualized figures are +11.78% and +9.89% respectively. Across the full 15-year window we track, IWV has the edge at +13.36% annualized vs +11.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWV has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -35.2% for IWV 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IWV charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, IWV currently yields 0.85% against 3.00% for SCHD.
Holdings Overlap
7.1% of IWV's money is in holdings SCHD also owns. 99.5% of SCHD's money is in holdings IWV also owns.
Most of SCHD is already inside IWV. Owning both mostly buys the same companies twice.
96 positions in common, counted across the 2,574 positions we hold weights for in IWV and 100 in SCHD, against full books of 2,596 and 103.
What only one of them owns
Our book lists 4 positions for SCHD that do not appear in our book for IWV (0.5% of the fund), and 1,100 for IWV that do not appear in SCHD (90.2%).
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 IWV | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Co. Inc. | 0.42% | 4.77% | 4.35% |
| AMGNAmgen Inc. | 0.28% | 4.70% | 4.42% |
| ABTAbbott Laboratories | 0.25% | 4.69% | 4.44% |
| KOCoca Cola Co. | 0.45% | 4.17% | 3.72% |
| CVXChevron Corp. | 0.47% | 4.02% | 3.55% |
| HDHome Depot Inc/The | 0.47% | 3.88% | 3.41% |
| UNHUnitedhealth Group Inc. | 0.49% | 3.82% | 3.33% |
| PGProcter & Gamble Company | 0.46% | 3.83% | 3.37% |
| VZVerizon Communications, Inc. | 0.26% | 3.97% | 3.71% |
| COPConocophillips Co | 0.19% | 3.94% | 3.75% |
99.5% of SCHD is already inside IWV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IWV or SCHD?
IWV has an expense ratio of 0.20% while SCHD charges 0.06%. SCHD is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, IWV or SCHD?
Over the past year IWV returned +16.88% vs +27.61% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), IWV annualized +13.36% vs +11.36% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWV or SCHD?
IWV has been the more volatile fund at 14.2% annualized versus 13.6% for SCHD. Worst drawdown: IWV -35.2% vs SCHD -33.4%.
Should I hold both IWV and SCHD?
IWV and SCHD have a monthly-return correlation of 0.85, 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 IWV and SCHD?
99.5% of SCHD's money is in holdings IWV also owns. 99.5% of SCHD's is in holdings IWV also owns. They hold 96 positions in common, counted across the 2,574 positions we hold weights for in IWV and 100 in SCHD.
Which pays a higher dividend, IWV or SCHD?
IWV yields 0.85% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than IWV?
SCHD has a lower expense ratio. IWV led over 3Y, 5Y and the full window, SCHD over 1Y. IWV is less concentrated, with 33.5% 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.