IVV vs SCHE
IVV vs SCHE
iShares Core S&P 500 ETF vs Schwab Emerging Markets Equity ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. SCHE offers more diversification with 1410 holdings.
Side-by-Side Comparison
| Metric | IVV | SCHE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.06% | |
| AUM | $865.2B | $12.5B | |
| Dividend Yield | 1.09% | 2.66% | |
| Holdings | 508 | 2,210 | |
| YTD Return | +13.31% | +9.62% | |
| 1Y Return | +24.00% | +22.98% | |
| 3Y Return (annualized) | +21.16% | +16.80% | |
| 5Y Return (annualized) | +13.34% | +6.38% | |
| Volatility (annualized) | 15.1% | 17.2% | |
| Max Drawdown | -56.5% | -43.1% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 14, 2010 |
IVV vs SCHE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab Emerging Markets Equity ETF (SCHE) is a ETF from Charles Schwab Asset Management. Over the past year IVV returned +24.00% while SCHE returned +22.98%. Year to date, IVV is up 13.31% versus a gain of 9.62% for SCHE.
Over three years, IVV compounded at +21.16% per year against +16.80% for SCHE; over five years the annualized figures are +13.34% and +6.38% respectively. Across the full 17-year window we track, IVV has the edge at +7.03% annualized vs +3.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHE has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 15.1% for IVV. 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 -56.5% for IVV and -43.1% for SCHE. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SCHE charges 0.06%. On a $10,000 position that is $3 vs $6 annually, a gap of $3 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.66% for SCHE.
Holdings Overlap
IVV and SCHE share 1 holdings out of 1914 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SCHE | Difference |
|---|---|---|---|
| HAL | 0.04% | 0.08% | 0.04% |
Frequently Asked Questions
Which is cheaper, IVV or SCHE?
IVV has an expense ratio of 0.03% while SCHE charges 0.06%. IVV is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, IVV or SCHE?
Over the past year IVV returned +24.00% vs +22.98% for SCHE, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +7.03% vs +3.22% for SCHE. Past performance does not guarantee future results.
Which is riskier, IVV or SCHE?
SCHE has been the more volatile fund at 17.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SCHE -43.1%.
Should I hold both IVV and SCHE?
IVV and SCHE have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SCHE?
IVV and SCHE share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1914 unique securities.
Which pays a higher dividend, IVV or SCHE?
IVV yields 1.09% while SCHE yields 2.66%, so SCHE currently pays the higher dividend yield.
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