IRTR vs. SCHD

Last updated Jun 5, 2026

IRTR (Ishares Lifepath Retirement ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - IRTR is a Target Retirement Date fund actively managed by iShares, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. IRTR is actively managed, while SCHD is passively managed. Over the past year, IRTR returned 13.84% vs 28.76% for SCHD. A 0.54 correlation means they provide meaningful diversification when combined. IRTR charges 0.08%/yr vs 0.06%/yr for SCHD.

Performance

IRTR vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Lifepath Retirement ETF (IRTR) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IRTR achieves a 5.36% return, which is significantly lower than SCHD's 19.82% return.

IRTR

• 1D: 0.21%
• 1M: 1.82%
• YTD: 5.36%
• 6M: 5.66%
• 1Y: 13.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHD

• 1D: 0.68%
• 1M: 2.84%
• YTD: 19.82%
• 6M: 19.65%
• 1Y: 28.76%
• 3Y*: 15.59%
• 5Y*: 8.50%
• 10Y*: 12.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IRTR vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IRTR Ishares Lifepath Retirement ETF	5.36%	12.70%	7.59%	10.63%
SCHD Schwab U.S. Dividend Equity ETF	19.82%	4.34%	11.66%	9.91%

Correlation

The correlation between IRTR and SCHD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023	0.54

The correlation between IRTR and SCHD shifts across timeframes, from 0.41 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.

IRTR vs. SCHD - Sectors Allocation Comparison

Sectors	IRTR	SCHD
Technology	26.8%	16.4%
Financial Services	15.0%	9.3%
Industrials	12.6%	7.5%
Consumer Cyclical	9.0%	6.3%
Communication Services	8.0%	6.3%
Healthcare	7.7%	18.8%
Energy	4.9%	16.2%
Consumer Defensive	4.6%	19.2%
Utilities	4.3%	0.0%
Basic Materials	3.8%	1.2%
Real Estate	3.5%	-

Return for Risk

IRTR vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IRTR

IRTR Risk / Return Rank: 70
IRTR Sharpe Ratio Rank: 72
IRTR Sortino Ratio Rank: 76
IRTR Omega Ratio Rank: 76
IRTR Calmar Ratio Rank: 59
IRTR Martin Ratio Rank: 69

SCHD

SCHD Risk / Return Rank: 85
SCHD Sharpe Ratio Rank: 82
SCHD Sortino Ratio Rank: 89
SCHD Omega Ratio Rank: 80
SCHD Calmar Ratio Rank: 92
SCHD Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IRTR vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Retirement ETF (IRTR) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

	IRTR	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.64	-0.32
Sortino ratio: Return per unit of downside risk	3.37	4.08	-0.70
Omega ratio: Gain probability vs. loss probability	1.45	1.47	-0.03
Calmar ratio: Return relative to maximum drawdown	2.88	6.26	-3.38
Martin ratio: Return relative to average drawdown	12.70	15.38	-2.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IRTR vs. SCHD - Sharpe Ratio Comparison

The current IRTR Sharpe Ratio is 2.32, which is comparable to the SCHD Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of IRTR and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IRTR	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.64	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.02	0.86	+1.16

Drawdowns

IRTR vs. SCHD - Drawdown Comparison

The maximum IRTR drawdown since its inception was -6.29%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for IRTR and SCHD.

Drawdown Indicators

	IRTR	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-6.29%	-33.37%	+27.08%
Max Drawdown (1Y) Largest decline over 1 year	-4.82%	-4.61%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-0.20%	-0.73%	+0.53%
Average Drawdown Average peak-to-trough decline	-0.78%	-3.32%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	1.87%	-0.78%

Volatility

IRTR vs. SCHD - Volatility Comparison

The current volatility for Ishares Lifepath Retirement ETF (IRTR) is 2.12%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 2.69%. This indicates that IRTR experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IRTR	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	2.69%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	4.85%	7.65%	-2.80%
Volatility (1Y) Calculated over the trailing 1-year period	6.00%	10.95%	-4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.03%	14.38%	-7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.03%	16.71%	-9.68%

IRTR vs. SCHD - Expense Ratio Comparison

IRTR has a 0.08% expense ratio, which is higher than SCHD's 0.06% 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%.

Dividends

IRTR vs. SCHD - Dividend Comparison

IRTR's dividend yield for the trailing twelve months is around 2.99%, less than SCHD's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IRTR Ishares Lifepath Retirement ETF	2.99%	3.03%	3.03%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.24%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both IRTR and SCHD in my portfolio?

IRTR and SCHD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IRTR or SCHD?

SCHD has higher volatility (2.69%) compared to IRTR (2.12%). In terms of maximum drawdown, IRTR dropped -6.29% vs SCHD's -33.37%.

Which ETF is better, IRTR or SCHD?

On 1-year performance, SCHD leads with 28.76% vs 13.84% for IRTR. On fees, SCHD is cheaper at 0.06% per year. On volatility, IRTR has been the lower-risk option at 2.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IRTR or SCHD?

Over the 1-year period, SCHD has performed better with a 28.76% return vs 13.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IRTR or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.08% for IRTR.

Which ETF pays a higher dividend yield, IRTR or SCHD?

SCHD has the higher dividend yield at 3.24%, compared with 2.99% for IRTR.

What is the main difference between IRTR and SCHD?

IRTR is categorized as Target Retirement Date, while SCHD is Dividend. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.08% for IRTR and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.64 vs 2.32), 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.