IVV vs SCHJ
IVV vs SCHJ
iShares Core S&P 500 ETF vs Schwab 1-5 Year Corporate Bond ETF
Quick Verdict
IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SCHJ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $865.2B | $848M | |
| Dividend Yield | 1.09% | 4.49% | |
| Holdings | 508 | 3,132 | |
| YTD Return | +13.13% | +0.56% | |
| 1Y Return | +22.90% | +2.72% | |
| 3Y Return (annualized) | +21.08% | +5.13% | |
| 5Y Return (annualized) | +13.27% | +2.21% | |
| Volatility (annualized) | 15.1% | 3.4% | |
| Max Drawdown | -56.5% | -13.6% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Oct 10, 2019 |
IVV vs SCHJ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab 1-5 Year Corporate Bond ETF (SCHJ) is a ETF from Charles Schwab Asset Management. Over the past year IVV returned +22.90% while SCHJ returned +2.72%. Year to date, IVV is up 13.13% versus a gain of 0.56% for SCHJ.
Over three years, IVV compounded at +21.08% per year against +5.13% for SCHJ; over five years the annualized figures are +13.27% and +2.21% respectively. Across the full 7-year window we track, IVV has the edge at +7.02% annualized vs +2.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.4% for SCHJ. 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 -13.6% for SCHJ. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SCHJ charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.09% against 4.49% for SCHJ.
Holdings Overlap
IVV and SCHJ share 1 holdings out of 524 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 SCHJ | Difference |
|---|---|---|---|
| AFL | 0.09% | 0.03% | 0.06% |
Frequently Asked Questions
Which is cheaper, IVV or SCHJ?
IVV has an expense ratio of 0.03% while SCHJ charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or SCHJ?
Over the past year IVV returned +22.90% vs +2.72% for SCHJ, so IVV leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +7.02% vs +2.04% for SCHJ. Past performance does not guarantee future results.
Which is riskier, IVV or SCHJ?
IVV has been the more volatile fund at 15.1% annualized versus 3.4% for SCHJ. Worst drawdown: IVV -56.5% vs SCHJ -13.6%.
Should I hold both IVV and SCHJ?
IVV and SCHJ have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SCHJ?
IVV and SCHJ share 1 common holdings with a 0.0% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, IVV or SCHJ?
IVV yields 1.09% while SCHJ yields 4.49%, so SCHJ currently pays the higher dividend yield.
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