IWX vs SCHD
iShares Russell Top 200 Value ETF vs Schwab US Dividend Equity ETF
Which is better, IWX or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. IWX led over 1Y, 3Y and 5Y, SCHD over the full window. The two have moved almost in lockstep, correlation 0.93. IWX is less concentrated, with 40.1% 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 | IWX | SCHD |
|---|---|---|
| Expense Ratio | 0.20% | 0.06%Best |
| AUM | $3.8B | $108.9B |
| Dividend Yield | 1.36% | 3.00% |
| Holdings | 156 | 206 |
| YTD Return | +20.08% | +20.89%Best |
| 1Y Return | +26.80%Best | +23.87% |
| 3Y Return (annualized) | +21.80%Best | +16.42% |
| 5Y Return (annualized) | +12.90%Best | +9.40% |
| Volatility (annualized) | 13.4%Best | 13.7% |
| Max Drawdown | -35.8% | -33.4%Best |
| $10,000 over 5 years | $18,343Best | $15,671 |
| Top 10 Weight | 40.1%Best | 41.8% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 22, 2009 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Oct 2, 2026 (15 years).
IWX 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 15 years both funds cover.
IWX vs SCHD Performance
iShares Russell Top 200 Value ETF (IWX) 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 IWX returned +26.80% while SCHD returned +23.87%. Year to date, IWX is up 20.08% versus a gain of 20.89% for SCHD.
Over three years, IWX compounded at +21.80% per year against +16.42% for SCHD; over five years the annualized figures are +12.90% and +9.40% respectively. Across the full 15-year window we track, SCHD has the edge at +11.07% annualized vs +10.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 13.4% for IWX. 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 -35.8% for IWX 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWX 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, IWX currently yields 1.36% against 3.00% for SCHD.
Holdings Overlap
13.4% of IWX's money is in holdings SCHD also owns. 72.2% of SCHD's money is in holdings IWX also owns.
Most of SCHD is already inside IWX. Owning both mostly buys the same companies twice.
22 positions in common, counted across the 153 positions we hold weights for in IWX and 99 in SCHD, against full books of 156 and 206.
What only one of them owns
Our book lists 76 positions for SCHD that do not appear in our book for IWX (27.7% of the fund), and 129 for IWX that do not appear in SCHD (86.3%).
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 IWX | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 1.31% | 4.77% | 3.46% |
| CVXChevron Corp | 1.46% | 4.29% | 2.83% |
| KOCoca Cola Co. | 1.12% | 4.26% | 3.14% |
| PGProcter & Gamble Company | 1.25% | 3.94% | 2.69% |
| ABTAbbott Laboratories | 0.65% | 4.44% | 3.79% |
| UNHUnitedhealth Group Incorporated | 1.26% | 3.82% | 2.56% |
| VZVerizon Communications Inc Vz | 0.78% | 4.12% | 3.34% |
| COPConocophillips Common Stock USD 0.01 | 0.62% | 4.19% | 3.57% |
| AMGNAmgen Inc. | 0.22% | 4.24% | 4.02% |
| PEPPepsico Inc. | 0.60% | 3.63% | 3.03% |
72.2% of SCHD is already inside IWX.
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, IWX or SCHD?
IWX 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, IWX or SCHD?
Over the past year IWX returned +26.80% vs +23.87% for SCHD, so IWX leads on 1-year performance. Over the longest common window we track (15 years), IWX annualized +10.82% vs +11.07% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWX or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 13.4% for IWX. Worst drawdown: IWX -35.8% vs SCHD -33.4%.
Should I hold both IWX and SCHD?
IWX and SCHD have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IWX and SCHD?
72.2% of SCHD's money is in holdings IWX also owns. 72.2% of SCHD's is in holdings IWX also owns. They hold 22 positions in common, counted across the 153 positions we hold weights for in IWX and 99 in SCHD.
Which pays a higher dividend, IWX or SCHD?
IWX yields 1.36% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than IWX?
SCHD has a lower expense ratio. IWX led over 1Y, 3Y and 5Y, SCHD over the full window. The two have moved almost in lockstep, correlation 0.93. IWX is less concentrated, with 40.1% 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.