IVV vs SCHZ
IVV vs SCHZ
iShares Core S&P 500 ETF vs Schwab US Aggregate Bond ETF
Quick Verdict
IVV delivered stronger 1-year returns. SCHZ offers more diversification with 696 holdings.
Side-by-Side Comparison
| Metric | IVV | SCHZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $865.2B | $10.5B | |
| Dividend Yield | 1.09% | 4.10% | |
| Holdings | 508 | 11,809 | |
| YTD Return | +13.52% | -0.32% | |
| 1Y Return | +23.63% | +2.00% | |
| 3Y Return (annualized) | +21.26% | +3.97% | |
| 5Y Return (annualized) | +13.52% | -0.52% | |
| Volatility (annualized) | 15.1% | 4.5% | |
| Max Drawdown | -56.5% | -19.7% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jul 14, 2011 |
IVV vs SCHZ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab US Aggregate Bond ETF (SCHZ) is a ETF from Charles Schwab Asset Management. Over the past year IVV returned +23.63% while SCHZ returned +2.00%. Year to date, IVV is up 13.52% versus a loss of 0.32% for SCHZ.
Over three years, IVV compounded at +21.26% per year against +3.97% for SCHZ; over five years the annualized figures are +13.52% and -0.52% respectively. Across the full 15-year window we track, IVV has the edge at +7.04% annualized vs +0.56%. 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 4.5% for SCHZ. 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 -19.7% for SCHZ. 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SCHZ charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.09% against 4.10% for SCHZ.
Holdings Overlap
IVV and SCHZ share 0 holdings out of 1201 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SCHZ?
IVV has an expense ratio of 0.03% while SCHZ charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or SCHZ?
Over the past year IVV returned +23.63% vs +2.00% for SCHZ, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +7.04% vs +0.56% for SCHZ. Past performance does not guarantee future results.
Which is riskier, IVV or SCHZ?
IVV has been the more volatile fund at 15.1% annualized versus 4.5% for SCHZ. Worst drawdown: IVV -56.5% vs SCHZ -19.7%.
Should I hold both IVV and SCHZ?
IVV and SCHZ have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SCHZ?
IVV and SCHZ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1201 unique securities.
Which pays a higher dividend, IVV or SCHZ?
IVV yields 1.09% while SCHZ yields 4.10%, so SCHZ currently pays the higher dividend yield.
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