IVOV vs SCHD
IVOV vs SCHD
Vanguard S&P Mid-Cap 400 Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. IVOV offers more diversification with 298 holdings.
Side-by-Side Comparison
| Metric | IVOV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.06% | |
| AUM | $1.3B | $103.7B | |
| Dividend Yield | 1.81% | 3.31% | |
| Holdings | 307 | 104 | |
| YTD Return | +13.16% | +23.53% | |
| 1Y Return | +23.08% | +30.95% | |
| 3Y Return (annualized) | +12.67% | +14.72% | |
| 5Y Return (annualized) | +9.14% | +9.56% | |
| Volatility (annualized) | 18.3% | 13.6% | |
| Max Drawdown | -46.0% | -33.4% | |
| Fund Family | Vanguard (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2010 | Oct 20, 2011 |
IVOV vs SCHD Performance
Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is a ETF from Vanguard (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year IVOV returned +23.08% while SCHD returned +30.95%. Year to date, IVOV is up 13.16% versus a gain of 23.53% for SCHD.
Over three years, IVOV compounded at +12.67% per year against +14.72% for SCHD; over five years the annualized figures are +9.14% and +9.56% respectively. Across the full 15-year window we track, IVOV has the edge at +11.79% annualized vs +11.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVOV has been the more volatile fund, with annualized monthly volatility of 18.3% 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 -46.0% for IVOV and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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
IVOV charges 0.10% per year while SCHD charges 0.06%. On a $10,000 position that is $10 vs $6 annually, a gap of $4 per year that compounds over a long holding period. On income, IVOV currently yields 1.81% against 3.31% for SCHD.
Holdings Overlap
IVOV and SCHD share 17 holdings out of 381 unique holdings combined, representing a 3.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVOV | Weight in SCHD | Difference |
|---|---|---|---|
| WSO | 0.84% | 0.34% | 0.50% |
| FNF | 0.69% | 0.33% | 0.36% |
| DINO | 0.61% | 0.36% | 0.25% |
| EWBC | Pro | Pro | Pro |
| COLB | Pro | Pro | Pro |
| BAH | Pro | Pro | Pro |
| AFG | Pro | Pro | Pro |
| M | Pro | Pro | Pro |
| ORI | Pro | Pro | Pro |
| OZK | Pro | Pro | Pro |
See all 10 holdings IVOV shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IVOV or SCHD?
IVOV has an expense ratio of 0.10% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, IVOV or SCHD?
Over the past year IVOV returned +23.08% vs +30.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), IVOV annualized +11.79% vs +11.35% for SCHD. Past performance does not guarantee future results.
Which is riskier, IVOV or SCHD?
IVOV has been the more volatile fund at 18.3% annualized versus 13.6% for SCHD. Worst drawdown: IVOV -46.0% vs SCHD -33.4%.
Should I hold both IVOV and SCHD?
IVOV and SCHD have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVOV and SCHD?
IVOV and SCHD share 17 common holdings with a 3.6% weight overlap. Combined, they hold 381 unique securities.
Which pays a higher dividend, IVOV or SCHD?
IVOV yields 1.81% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.