IWY vs SCHG
iShares Russell Top 200 Growth ETF vs Schwab US Large-Cap Growth ETF
Which is better, IWY or SCHG?
Nearly the same fund. SCHG costs less.
SCHG has a lower expense ratio. SCHG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. SCHG is less concentrated, with 51.0% of the fund in its ten largest positions against 61.9%.
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 | IWY | SCHG |
|---|---|---|
| Expense Ratio | 0.20% | 0.04%Best |
| AUM | $15.7B | $62.4B |
| Dividend Yield | 0.35% | 0.37% |
| Holdings | 105 | 196 |
| YTD Return | +2.79% | +7.78%Best |
| 1Y Return | +5.22% | +10.78%Best |
| 3Y Return (annualized) | +21.47% | +23.39%Best |
| 5Y Return (annualized) | +12.52% | +12.89%Best |
| Volatility (annualized) | 16.1%Best | 16.7% |
| Max Drawdown | -32.7%Best | -34.6% |
| $10,000 over 5 years | $18,036 | $18,335Best |
| Top 10 Weight | 61.9% | 51.0%Best |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Sep 22, 2009 | Dec 11, 2009 |
Volatility and max drawdown are measured over the window both funds cover: Dec 11, 2009 to Sep 16, 2026 (16.8 years).
IWY vs SCHG 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 16.8 years both funds cover.
IWY vs SCHG Performance
iShares Russell Top 200 Growth ETF (IWY) is an ETF from iShares by BlackRock (US) and Schwab US Large-Cap Growth ETF (SCHG) is an ETF from Charles Schwab Asset Management. Over the past year IWY returned +5.22% while SCHG returned +10.78%. Year to date, IWY is up 2.79% versus a gain of 7.78% for SCHG.
Over three years, IWY compounded at +21.47% per year against +23.39% for SCHG; over five years the annualized figures are +12.52% and +12.89% respectively. Across the full 17-year window we track, SCHG has the edge at +15.57% annualized vs +15.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHG has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 16.1% for IWY. 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 -32.7% for IWY and -34.6% for SCHG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWY charges 0.20% per year while SCHG charges 0.04%. On a $10,000 position that is $20 vs $4 annually, a gap of $16 per year that compounds over a long holding period. On income, IWY currently yields 0.35% against 0.37% for SCHG.
Holdings Overlap
79.7% of IWY's money is in holdings SCHG also owns. 77.1% of SCHG's money is in holdings IWY also owns.
Most of IWY is already inside SCHG. Owning both mostly buys the same companies twice.
47 positions in common, counted across the 102 positions we hold weights for in IWY and 193 in SCHG, against full books of 105 and 196.
What only one of them owns
Our book lists 140 positions for SCHG that do not appear in our book for IWY (22.1% of the fund), and 54 for IWY that do not appear in SCHG (20.2%).
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 IWY | Weight in SCHG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 15.83% | 10.67% | 5.16% |
| AAPLApple, Inc | 7.92% | 9.29% | 1.37% |
| MSFTMicrosoft Corp | 6.28% | 7.52% | 1.24% |
| GOOGLAlphabet Inc,class A | 6.13% | 3.97% | 2.16% |
| AVGOBroadcom Inc | 5.60% | 3.50% | 2.10% |
| GOOGAlphabet Inc | 4.94% | 3.16% | 1.78% |
| TSLATesla Inc | 4.06% | 2.37% | 1.69% |
| METAMeta Platforms Inc | 3.78% | 2.51% | 1.27% |
| LLYEli Lilly & Co. | 3.27% | 2.93% | 0.34% |
| AMZNAmazon.Com Inc | 0.73% | 5.07% | 4.34% |
79.7% of IWY is already inside SCHG.
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, IWY or SCHG?
IWY has an expense ratio of 0.20% while SCHG charges 0.04%. SCHG is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, IWY or SCHG?
Over the past year IWY returned +5.22% vs +10.78% for SCHG, so SCHG leads on 1-year performance. Over the longest common window we track (17 years), IWY annualized +15.31% vs +15.57% for SCHG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWY or SCHG?
SCHG has been the more volatile fund at 16.7% annualized versus 16.1% for IWY. Worst drawdown: IWY -32.7% vs SCHG -34.6%.
Should I hold both IWY and SCHG?
IWY and SCHG have a monthly-return correlation of 0.98, 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 IWY and SCHG?
79.7% of IWY's money is in holdings SCHG also owns. 77.1% of SCHG's is in holdings IWY also owns. They hold 47 positions in common, counted across the 102 positions we hold weights for in IWY and 193 in SCHG.
Which pays a higher dividend, IWY or SCHG?
IWY yields 0.35% while SCHG yields 0.37%, so SCHG currently pays the higher dividend yield.
Is SCHG better than IWY?
SCHG has a lower expense ratio. SCHG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. SCHG is less concentrated, with 51.0% of the fund in its ten largest positions against 61.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.