ISCG vs. SFSNX

Last updated Jun 25, 2026

ISCG (iShares Morningstar Small-Cap Growth ETF) and SFSNX (Schwab Fundamental US Small Company Index Fund) are both funds - ISCG is a Small Cap Growth Equities fund tracking the Morningstar US Small Cap Broad Growth Extended Index, while SFSNX is a Small Cap Blend Equities fund managed by Charles Schwab. Over the past 10 years, ISCG returned 11.99%/yr vs 11.39%/yr for SFSNX. Their correlation of 0.88 suggests significant overlap in exposure. ISCG charges 0.06%/yr vs 0.25%/yr for SFSNX.

Performance

ISCG vs. SFSNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Small-Cap Growth ETF (ISCG) and Schwab Fundamental US Small Company Index Fund (SFSNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISCG achieves a 14.95% return, which is significantly lower than SFSNX's 16.98% return. Over the past 10 years, ISCG has outperformed SFSNX with an annualized return of 11.99%, while SFSNX has yielded a comparatively lower 11.39% annualized return.

ISCG

• 1D: 0.86%
• 1M: 3.23%
• YTD: 14.95%
• 6M: 11.88%
• 1Y: 29.63%
• 3Y*: 17.77%
• 5Y*: 4.83%
• 10Y*: 11.99%

SFSNX

• 1D: -0.54%
• 1M: 3.09%
• YTD: 16.98%
• 6M: 14.78%
• 1Y: 30.57%
• 3Y*: 16.63%
• 5Y*: 7.49%
• 10Y*: 11.39%

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

ISCG vs. SFSNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISCG iShares Morningstar Small-Cap Growth ETF	14.95%	12.88%	13.35%	23.13%	-26.75%	-1.26%	43.41%	27.66%	-6.91%	24.68%
SFSNX Schwab Fundamental US Small Company Index Fund	16.98%	7.66%	8.99%	20.15%	-14.79%	30.91%	8.49%	24.44%	-12.26%	12.84%

Correlation

The correlation between ISCG and SFSNX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.88

The correlation between ISCG and SFSNX has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

ISCG vs. SFSNX - Sectors Allocation Comparison

Sectors	ISCG	SFSNX
Industrials	24.4%	19.3%
Technology	22.0%	16.2%
Healthcare	16.8%	7.1%
Financial Services	9.9%	14.1%
Consumer Cyclical	8.8%	12.2%
Real Estate	4.8%	9.8%
Energy	3.3%	5.5%
Basic Materials	3.2%	5.2%
Communication Services	2.8%	4.0%
Consumer Defensive	2.7%	3.9%
Utilities	1.1%	2.7%

Return for Risk

ISCG vs. SFSNX — Risk / Return Rank

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

ISCG

ISCG Risk / Return Rank: 54
ISCG Sharpe Ratio Rank: 52
ISCG Sortino Ratio Rank: 51
ISCG Omega Ratio Rank: 46
ISCG Calmar Ratio Rank: 59
ISCG Martin Ratio Rank: 62

SFSNX

SFSNX Risk / Return Rank: 55
SFSNX Sharpe Ratio Rank: 46
SFSNX Sortino Ratio Rank: 48
SFSNX Omega Ratio Rank: 41
SFSNX Calmar Ratio Rank: 79
SFSNX Martin Ratio Rank: 60

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.

ISCG vs. SFSNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small-Cap Growth ETF (ISCG) and Schwab Fundamental US Small Company Index Fund (SFSNX). 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.

	ISCG	SFSNX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.85	-0.24
Sortino ratio: Return per unit of downside risk	2.27	2.67	-0.40
Omega ratio: Gain probability vs. loss probability	1.27	1.32	-0.05
Calmar ratio: Return relative to maximum drawdown	2.60	3.40	-0.80
Martin ratio: Return relative to average drawdown	9.92	11.10	-1.18

ISCG vs. SFSNX - Sharpe Ratio Comparison

The current ISCG Sharpe Ratio is 1.60, which is comparable to the SFSNX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of ISCG and SFSNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ISCG vs. SFSNX - Drawdown Comparison

The maximum ISCG drawdown since its inception was -57.72%, roughly equal to the maximum SFSNX drawdown of -58.32%. Use the drawdown chart below to compare losses from any high point for ISCG and SFSNX.

Drawdown Indicators

	ISCG	SFSNX	Difference
Max Drawdown Largest peak-to-trough decline	-57.72%	-58.32%	+0.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	-9.43%	-2.00%
Max Drawdown (3Y) Largest decline over 3 years	-26.71%	-25.91%	-0.80%
Max Drawdown (5Y) Largest decline over 5 years	-37.80%	-25.91%	-11.89%
Max Drawdown (10Y) Largest decline over 10 years	-41.48%	-44.82%	+3.34%
Current Drawdown Current decline from peak	-0.33%	-1.08%	+0.75%
Average Drawdown Average peak-to-trough decline	-11.60%	-8.29%	-3.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.89%	+0.11%

Volatility

ISCG vs. SFSNX - Volatility Comparison

iShares Morningstar Small-Cap Growth ETF (ISCG) has a higher volatility of 5.91% compared to Schwab Fundamental US Small Company Index Fund (SFSNX) at 5.07%. This indicates that ISCG's price experiences larger fluctuations and is considered to be riskier than SFSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISCG	SFSNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	5.07%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	13.60%	12.29%	+1.31%
Volatility (1Y) Calculated over the trailing 1-year period	18.60%	17.41%	+1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.03%	20.82%	+2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.17%	23.27%	-0.10%

ISCG vs. SFSNX - Expense Ratio Comparison

ISCG has a 0.06% expense ratio, which is lower than SFSNX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ISCG vs. SFSNX - Dividend Comparison

ISCG's dividend yield for the trailing twelve months is around 0.58%, less than SFSNX's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISCG iShares Morningstar Small-Cap Growth ETF	0.58%	0.61%	0.84%	0.77%	0.92%	0.62%	0.10%	0.27%	0.40%	0.52%	1.19%	0.64%
SFSNX Schwab Fundamental US Small Company Index Fund	1.17%	1.36%	1.71%	1.37%	7.05%	12.27%	1.42%	3.66%	11.55%	6.88%	1.86%	6.37%

Frequently Asked Questions

Can I hold both ISCG and SFSNX in my portfolio?

ISCG and SFSNX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ISCG or SFSNX?

ISCG has higher volatility (5.91%) compared to SFSNX (5.07%). In terms of maximum drawdown, ISCG dropped -57.72% vs SFSNX's -58.32%.

Which has better risk-adjusted returns?

SFSNX currently has the higher Sharpe Ratio (1.85 vs 1.60), 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.