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ILCB vs. SCHB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ILCB vs. SCHB

Last updated Aug 2, 2026
Documentation

ILCB (iShares Morningstar U.S. Equity ETF) and SCHB (Schwab U.S. Broad Market ETF) are both exchange-traded funds - ILCB is a Large Cap Growth Equities fund tracking the Morningstar US Large-Mid Cap Index, while SCHB is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Broad Stock Market Index. Both are passively managed. Over the past 10 years, ILCB returned 14.38%/yr vs 14.63%/yr for SCHB. Their 0.96 correlation means they have historically moved very closely together. Both charge a 0.03% expense ratio.

Performance

ILCB vs. SCHB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar U.S. Equity ETF (ILCB) and Schwab U.S. Broad Market ETF (SCHB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ILCB achieves a 10.04% return, which is significantly lower than SCHB's 10.58% return. Both investments have delivered pretty close results over the past 10 years, with ILCB having a 14.38% annualized return and SCHB not far ahead at 14.63%.

ILCB

1D
0.68%
1M
0.02%
6M
8.59%
YTD
10.04%
1Y
21.14%
3Y*
19.48%
5Y*
12.26%
10Y*
14.38%
ALL TIME*
11.16%

SCHB

1D
0.59%
1M
-0.07%
6M
8.84%
YTD
10.58%
1Y
21.74%
3Y*
18.96%
5Y*
11.79%
10Y*
14.63%
ALL TIME*
14.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ILCB

iShares Morningstar U.S. Equity ETF
$856.67K$1.50M$1.33M

SCHB

Schwab U.S. Broad Market ETF
$212.56M$205.35M$255.93M

ILCB vs. SCHB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ILCB
iShares Morningstar U.S. Equity ETF		10.04%17.70%24.96%26.91%-19.48%24.07%19.40%32.68%-8.51%22.09%
SCHB
Schwab U.S. Broad Market ETF		10.58%16.94%23.93%26.16%-19.46%25.84%20.76%30.79%-5.43%21.20%

Correlation

The correlation between ILCB and SCHB is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.99

Correlation (3Y)
Balances recent behavior with more history.

0.99

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.99

Correlation (10Y)
Provides a long-term view across more market conditions.

0.97

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2009

0.96

The correlation between ILCB and SCHB has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.

ILCB vs. SCHB - Sectors Allocation Comparison

Sectors
ILCB
SCHB

Technology

38.4%
35.8%

Financial Services

11.4%
11.9%

Communication Services

9.8%
9.2%

Consumer Cyclical

9.4%
9.6%

Healthcare

9.0%
9.6%

Industrials

8.9%
9.8%

Consumer Defensive

4.4%
4.4%

Energy

3.1%
3.2%

Utilities

2.2%
2.2%

Basic Materials

1.8%
1.9%

Real Estate

1.7%
2.4%

Technology

ILCB
38.4%
SCHB
35.8%

Financial Services

ILCB
11.4%
SCHB
11.9%

Communication Services

ILCB
9.8%
SCHB
9.2%

Consumer Cyclical

ILCB
9.4%
SCHB
9.6%

Healthcare

ILCB
9.0%
SCHB
9.6%

Industrials

ILCB
8.9%
SCHB
9.8%

Consumer Defensive

ILCB
4.4%
SCHB
4.4%

Energy

ILCB
3.1%
SCHB
3.2%

Utilities

ILCB
2.2%
SCHB
2.2%

Basic Materials

ILCB
1.8%
SCHB
1.9%

Real Estate

ILCB
1.7%
SCHB
2.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Morningstar U.S. Equity ETF

Schwab U.S. Broad Market ETF

Often compared with ILCB:
ILCB vs. ILCGILCB vs. VOOILCB vs. IVVILCB vs. SPYILCB vs. VTIILCB vs. BBUSILCB vs. ITOT
Often compared with SCHB:
SCHB vs. VTISCHB vs. SCHGSCHB vs. SCHXSCHB vs. VOOSCHB vs. SCHDSCHB vs. SWTSXSCHB vs. SPY

Return for Risk

ILCB vs. SCHB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ILCB
ILCB Risk / Return Rank: 6464
Overall Rank
ILCB Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
ILCB Sortino Ratio Rank: 6161
Sortino Ratio Rank
ILCB Omega Ratio Rank: 6262
Omega Ratio Rank
ILCB Calmar Ratio Rank: 6060
Calmar Ratio Rank
ILCB Martin Ratio Rank: 7373
Martin Ratio Rank
SCHB
SCHB Risk / Return Rank: 6767
Overall Rank
SCHB Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
SCHB Sortino Ratio Rank: 6363
Sortino Ratio Rank
SCHB Omega Ratio Rank: 6464
Omega Ratio Rank
SCHB Calmar Ratio Rank: 6464
Calmar Ratio Rank
SCHB Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ILCB vs. SCHB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar U.S. Equity ETF (ILCB) and Schwab U.S. Broad Market ETF (SCHB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ILCBSCHBDifference
Sharpe ratioReturn per unit of total volatility
1.48
1.51

-0.03

Sortino ratioReturn per unit of downside risk
2.07
2.11

-0.04

Omega ratioGain probability vs. loss probability

1.26

1.27

-0.01

Calmar ratioReturn relative to maximum drawdown

2.12

2.22

-0.11

Martin ratioReturn relative to average drawdown

8.94

9.54

-0.60

ILCB vs. SCHB - Sharpe Ratio Comparison

The current ILCB Sharpe Ratio is 1.48, which is comparable to the SCHB Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of ILCB and SCHB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ILCB vs. SCHB - Drawdown Comparison

The maximum ILCB drawdown since its inception was -51.53%, which is greater than SCHB's maximum drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for ILCB and SCHB.

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Drawdown Indicators

ILCBSCHBDifference

Max Drawdown

Largest peak-to-trough decline

-51.53%

-35.27%

-16.26%

Max Drawdown (1Y)

Largest decline over 1 year

-9.09%

-8.91%

-0.18%

Max Drawdown (3Y)

Largest decline over 3 years

-19.05%

-19.34%

+0.29%

Max Drawdown (5Y)

Largest decline over 5 years

-25.47%

-25.41%

-0.06%

Max Drawdown (10Y)

Largest decline over 10 years

-35.30%

-35.27%

-0.03%

Current Drawdown

Current decline from peak

-1.64%

-1.34%

-0.30%

Average Drawdown

Average peak-to-trough decline

-6.21%

-4.09%

-2.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.15%

2.08%

+0.07%

Volatility

ILCB vs. SCHB - Volatility Comparison

iShares Morningstar U.S. Equity ETF (ILCB) and Schwab U.S. Broad Market ETF (SCHB) have volatilities of 3.59% and 3.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ILCBSCHBDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.59%

3.48%

+0.11%

Volatility (6M)

Calculated over the trailing 6-month period

10.22%

10.28%

-0.06%

Volatility (1Y)

Calculated over the trailing 1-year period

13.01%

13.12%

-0.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.24%

17.36%

-0.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.18%

18.32%

-0.14%

ILCB vs. SCHB - Expense Ratio Comparison

Both ILCB and SCHB have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

ILCB vs. SCHB - Dividend Comparison

ILCB's dividend yield for the trailing twelve months is around 0.98%, less than SCHB's 1.04% yield.

PositionTTM20252024202320222021202020192018201720162015
ILCB
iShares Morningstar U.S. Equity ETF		0.98%1.11%1.19%1.43%1.65%1.16%1.26%2.25%2.17%1.81%1.97%2.44%
SCHB
Schwab U.S. Broad Market ETF		1.04%1.11%1.24%1.40%1.61%1.21%1.63%1.80%2.00%1.65%1.86%2.00%

Frequently Asked Questions

With a correlation of 0.99, ILCB and SCHB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

ILCB has higher volatility (3.59%) compared to SCHB (3.48%). In terms of maximum drawdown, ILCB dropped -51.53% vs SCHB's -35.27%.

On 10-year performance, SCHB leads with 14.63% vs 14.38% for ILCB. Both ETFs have the same 0.03% expense ratio. On volatility, SCHB has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHB has performed better with a 14.63% return vs 14.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ILCB and SCHB have the same expense ratio: 0.03% per year.

SCHB has the higher dividend yield at 1.04%, compared with 0.98% for ILCB.

ILCB is categorized as Large Cap Growth Equities, while SCHB is Large Cap Blend Equities. ILCB tracks Morningstar US Large-Mid Cap Index, while SCHB tracks Dow Jones U.S. Broad Stock Market Index. They also come from different issuers: iShares and Charles Schwab.

SCHB currently has the higher Sharpe Ratio (1.51 vs 1.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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