IYC vs SCHD
iShares U.S. Consumer Discretionary ETF vs Schwab US Dividend Equity ETF
Which is better, IYC or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. IYC led over the full window, SCHD over 1Y, 3Y and 5Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 50.9%.
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 | IYC | SCHD |
|---|---|---|
| Expense Ratio | 0.38% | 0.06%Best |
| AUM | $1.2B | $112.1B |
| Dividend Yield | 0.51% | 3.00% |
| Holdings | 162 | 103 |
| YTD Return | -5.09% | +25.84%Best |
| 1Y Return | -7.71% | +30.18%Best |
| 3Y Return (annualized) | +12.27% | +16.08%Best |
| 5Y Return (annualized) | +4.81% | +9.97%Best |
| Volatility (annualized) | 16.7% | 13.6%Best |
| Max Drawdown | -35.9% | -33.4%Best |
| $10,000 over 5 years | $12,648 | $16,083Best |
| Top 10 Weight | 50.9% | 41.8%Best |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jun 12, 2000 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 15, 2026 (14.9 years).
IYC 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.
IYC vs SCHD Performance
iShares U.S. Consumer Discretionary ETF (IYC) 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 IYC returned -7.71% while SCHD returned +30.18%. Year to date, IYC is down 5.09% versus a gain of 25.84% for SCHD.
Over three years, IYC compounded at +12.27% per year against +16.08% for SCHD; over five years the annualized figures are +4.81% and +9.97% respectively. Across the full 15-year window we track, IYC has the edge at +12.52% annualized vs +11.40%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IYC has been the more volatile fund, with annualized monthly volatility of 16.7% 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 -35.9% for IYC 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IYC charges 0.38% per year while SCHD charges 0.06%. On a $10,000 position that is $38 vs $6 annually, a gap of $32 per year that compounds over a long holding period. On income, IYC currently yields 0.51% against 3.00% for SCHD.
Holdings Overlap
7.1% of IYC's money is in holdings SCHD also owns. 8.5% of SCHD's money is in holdings IYC also owns.
SCHD and IYC share little of their money.
9 positions in common, counted across the 157 positions we hold weights for in IYC and 100 in SCHD, against full books of 162 and 103.
What only one of them owns
Our book lists 90 positions for SCHD that do not appear in our book for IYC (91.5% of the fund), and 143 for IYC that do not appear in SCHD (92.1%).
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 IYC | Weight in SCHD | Difference |
|---|---|---|---|
| HDHome Depot Inc/The | 4.00% | 3.88% | 0.12% |
| TGTTarget Corp Common Stock Usd.0833 | 1.22% | 1.78% | 0.56% |
| FFord Motor Credit | 0.91% | 1.33% | 0.42% |
| DRIDarden Restaurants Inc. | 0.41% | 0.60% | 0.19% |
| BBYBest Buy Co. Inc. | 0.26% | 0.38% | 0.12% |
| MMacy'S Inc. | 0.10% | 0.14% | 0.04% |
| NXSTNexstar Media Group Inc | 0.09% | 0.13% | 0.04% |
| MTNVail Resorts Inc. | 0.08% | 0.12% | 0.04% |
| PAGPenske Automotive Group Inc | 0.06% | 0.10% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of IYC 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, IYC or SCHD?
IYC has an expense ratio of 0.38% while SCHD charges 0.06%. SCHD is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, IYC or SCHD?
Over the past year IYC returned -7.71% vs +30.18% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), IYC annualized +12.52% vs +11.40% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IYC or SCHD?
IYC has been the more volatile fund at 16.7% annualized versus 13.6% for SCHD. Worst drawdown: IYC -35.9% vs SCHD -33.4%.
Should I hold both IYC and SCHD?
IYC and SCHD have a monthly-return correlation of 0.76, 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 IYC and SCHD?
8.5% of SCHD's money is in holdings IYC also owns. 8.5% of SCHD's is in holdings IYC also owns. They hold 9 positions in common, counted across the 157 positions we hold weights for in IYC and 100 in SCHD.
Which pays a higher dividend, IYC or SCHD?
IYC yields 0.51% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than IYC?
SCHD has a lower expense ratio. IYC led over the full window, SCHD over 1Y, 3Y and 5Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 50.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.