IWV vs SCHD
IWV vs SCHD
iShares Russell 3000 ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. IWV offers more diversification with 1667 holdings.
Side-by-Side Comparison
| Metric | IWV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.06% | |
| AUM | $19.5B | $103.7B | |
| Dividend Yield | 0.87% | 3.31% | |
| Holdings | 2,596 | 104 | |
| YTD Return | +13.33% | +23.31% | |
| 1Y Return | +23.81% | +30.42% | |
| 3Y Return (annualized) | +20.48% | +14.66% | |
| 5Y Return (annualized) | +12.15% | +9.59% | |
| Volatility (annualized) | 15.6% | 13.6% | |
| Max Drawdown | -56.7% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 22, 2000 | Oct 20, 2011 |
IWV vs SCHD Performance
iShares Russell 3000 ETF (IWV) 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 IWV returned +23.81% while SCHD returned +30.42%. Year to date, IWV is up 13.33% versus a gain of 23.31% for SCHD.
Over three years, IWV compounded at +20.48% per year against +14.66% for SCHD; over five years the annualized figures are +12.15% and +9.59% respectively. Across the full 15-year window we track, SCHD has the edge at +11.34% annualized vs +7.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWV has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -56.7% for IWV 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IWV charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, IWV currently yields 0.87% against 3.31% for SCHD.
Holdings Overlap
IWV and SCHD share 76 holdings out of 1691 unique holdings combined, representing a 7.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IWV | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 0.52% | 4.54% | 4.02% |
| MRK | 0.43% | 4.32% | 3.89% |
| ABT | 0.23% | 4.49% | 4.26% |
| HD | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
See all 10 holdings IWV 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, IWV or SCHD?
IWV has an expense ratio of 0.20% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, IWV or SCHD?
Over the past year IWV returned +23.81% vs +30.42% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), IWV annualized +7.22% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, IWV or SCHD?
IWV has been the more volatile fund at 15.6% annualized versus 13.6% for SCHD. Worst drawdown: IWV -56.7% vs SCHD -33.4%.
Should I hold both IWV and SCHD?
IWV and SCHD have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IWV and SCHD?
IWV and SCHD share 76 common holdings with a 7.0% weight overlap. Combined, they hold 1691 unique securities.
Which pays a higher dividend, IWV or SCHD?
IWV yields 0.87% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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