IYLD vs SCHD
IYLD vs SCHD
iShares Morningstar Multi-Asset Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. IYLD offers more diversification with 771 holdings.
Side-by-Side Comparison
| Metric | IYLD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $125M | $103.7B | |
| Dividend Yield | 4.60% | 3.31% | |
| Holdings | 19,236 | 104 | |
| YTD Return | +3.30% | +23.02% | |
| 1Y Return | +9.60% | +30.75% | |
| 3Y Return (annualized) | +8.97% | +14.89% | |
| 5Y Return (annualized) | +2.51% | +9.38% | |
| Volatility (annualized) | 9.3% | 13.6% | |
| Max Drawdown | -30.2% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Apr 3, 2012 | Oct 20, 2011 |
IYLD vs SCHD Performance
iShares Morningstar Multi-Asset Income ETF (IYLD) 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 IYLD returned +9.60% while SCHD returned +30.75%. Year to date, IYLD is up 3.30% versus a gain of 23.02% for SCHD.
Over three years, IYLD compounded at +8.97% per year against +14.89% for SCHD; over five years the annualized figures are +2.51% and +9.38% respectively. Across the full 14-year window we track, SCHD has the edge at +11.33% annualized vs +3.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 9.3% for IYLD. 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 -30.2% for IYLD 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IYLD charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, IYLD currently yields 4.60% against 3.31% for SCHD.
Holdings Overlap
IYLD and SCHD share 0 holdings out of 871 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, IYLD or SCHD?
IYLD has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, IYLD or SCHD?
Over the past year IYLD returned +9.60% vs +30.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (14 years), IYLD annualized +3.99% vs +11.33% for SCHD. Past performance does not guarantee future results.
Which is riskier, IYLD or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 9.3% for IYLD. Worst drawdown: IYLD -30.2% vs SCHD -33.4%.
Should I hold both IYLD and SCHD?
IYLD and SCHD have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IYLD and SCHD?
IYLD and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 871 unique securities.
Which pays a higher dividend, IYLD or SCHD?
IYLD yields 4.60% while SCHD yields 3.31%, so IYLD currently pays the higher dividend yield.
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