IJR vs. SCHA
Compare and contrast key facts about iShares Core S&P Small-Cap ETF (IJR) and Schwab U.S. Small-Cap ETF (SCHA).
IJR and SCHA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000. SCHA is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Small-Cap Total Stock Market Total Return Index. It was launched on Nov 3, 2009. Both IJR and SCHA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IJR or SCHA.
Performance
IJR vs. SCHA - Performance Comparison
Returns By Period
In the year-to-date period, IJR achieves a 12.58% return, which is significantly lower than SCHA's 14.20% return. Both investments have delivered pretty close results over the past 10 years, with IJR having a 9.63% annualized return and SCHA not far behind at 9.31%.
IJR
12.58%
1.52%
10.07%
28.46%
9.96%
9.63%
SCHA
14.20%
0.91%
10.55%
30.73%
9.91%
9.31%
Key characteristics
| IJR | SCHA | |
|---|---|---|
| Sharpe Ratio | 1.33 | 1.48 |
| Sortino Ratio | 2.00 | 2.15 |
| Omega Ratio | 1.24 | 1.26 |
| Calmar Ratio | 1.45 | 1.32 |
| Martin Ratio | 7.50 | 8.52 |
| Ulcer Index | 3.54% | 3.39% |
| Daily Std Dev | 20.02% | 19.45% |
| Max Drawdown | -58.15% | -42.41% |
| Current Drawdown | -4.54% | -4.99% |
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IJR vs. SCHA - Expense Ratio Comparison
IJR has a 0.07% expense ratio, which is higher than SCHA's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between IJR and SCHA is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IJR vs. SCHA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Small-Cap ETF (IJR) and Schwab U.S. Small-Cap ETF (SCHA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
IJR vs. SCHA - Dividend Comparison
IJR's dividend yield for the trailing twelve months is around 1.25%, less than SCHA's 1.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJR iShares Core S&P Small-Cap ETF | 1.25% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
SCHA Schwab U.S. Small-Cap ETF | 1.60% | 1.75% | 2.57% | 1.69% | 1.37% | 1.62% | 2.57% | 1.24% | 2.18% | 1.85% | 1.83% | 1.37% |
Drawdowns
IJR vs. SCHA - Drawdown Comparison
The maximum IJR drawdown since its inception was -58.15%, which is greater than SCHA's maximum drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for IJR and SCHA. For additional features, visit the drawdowns tool.
Volatility
IJR vs. SCHA - Volatility Comparison
iShares Core S&P Small-Cap ETF (IJR) has a higher volatility of 7.73% compared to Schwab U.S. Small-Cap ETF (SCHA) at 6.93%. This indicates that IJR's price experiences larger fluctuations and is considered to be riskier than SCHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.