IWP vs SCHD
IWP vs SCHD
iShares Russell Midcap Growth ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. IWP offers more diversification with 267 holdings.
Side-by-Side Comparison
| Metric | IWP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.23% | 0.06% | |
| AUM | $19.8B | $103.7B | |
| Dividend Yield | 0.34% | 3.31% | |
| Holdings | 271 | 104 | |
| YTD Return | -0.69% | +22.69% | |
| 1Y Return | -2.95% | +30.94% | |
| 3Y Return (annualized) | +11.94% | +14.20% | |
| 5Y Return (annualized) | +4.23% | +9.59% | |
| Volatility (annualized) | 18.5% | 13.7% | |
| Max Drawdown | -57.3% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jul 17, 2001 | Oct 20, 2011 |
IWP vs SCHD Performance
iShares Russell Midcap Growth ETF (IWP) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year IWP returned -2.95% while SCHD returned +30.94%. Year to date, IWP is down 0.69% versus a gain of 22.69% for SCHD.
Over three years, IWP compounded at +11.94% per year against +14.20% for SCHD; over five years the annualized figures are +4.23% and +9.59% respectively. Across the full 15-year window we track, SCHD has the edge at +11.31% annualized vs +8.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWP has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 13.7% 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 -57.3% for IWP 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IWP charges 0.23% per year while SCHD charges 0.06%. On a $10,000 position that is $23 vs $6 annually, a gap of $17 per year that compounds over a long holding period. On income, IWP currently yields 0.34% against 3.31% for SCHD.
Holdings Overlap
IWP and SCHD share 7 holdings out of 360 unique holdings combined, representing a 3.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IWP | Weight in SCHD | Difference |
|---|---|---|---|
| FAST | 1.26% | 1.34% | 0.08% |
| ARES | 0.67% | 0.66% | 0.01% |
| KMB | 0.33% | 0.93% | 0.60% |
| DRI | Pro | Pro | Pro |
| HSY | Pro | Pro | Pro |
| MTN | Pro | Pro | Pro |
| BAH | Pro | Pro | Pro |
See all 7 holdings IWP 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, IWP or SCHD?
IWP has an expense ratio of 0.23% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, IWP or SCHD?
Over the past year IWP returned -2.95% vs +30.94% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), IWP annualized +8.46% vs +11.31% for SCHD. Past performance does not guarantee future results.
Which is riskier, IWP or SCHD?
IWP has been the more volatile fund at 18.5% annualized versus 13.7% for SCHD. Worst drawdown: IWP -57.3% vs SCHD -33.4%.
Should I hold both IWP and SCHD?
IWP and SCHD have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IWP and SCHD?
IWP and SCHD share 7 common holdings with a 3.1% weight overlap. Combined, they hold 360 unique securities.
Which pays a higher dividend, IWP or SCHD?
IWP yields 0.34% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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