IUSV vs. SCHV

Last updated Jul 14, 2026

IUSV (iShares Core S&P U.S. Value ETF) and SCHV (Schwab U.S. Large-Cap Value ETF) are both Large Cap Value Equities funds - IUSV tracks the S&P 900 Value Index while SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index. Both are passively managed. Over the past 10 years, IUSV returned 11.73%/yr vs 11.18%/yr for SCHV. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.04% expense ratio.

Performance

IUSV vs. SCHV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P U.S. Value ETF (IUSV) and Schwab U.S. Large-Cap Value ETF (SCHV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IUSV achieves a 9.97% return, which is significantly lower than SCHV's 16.63% return. Both investments have delivered pretty close results over the past 10 years, with IUSV having a 11.73% annualized return and SCHV not far behind at 11.18%.

IUSV

• 1D: 0.15%
• 1M: 1.31%
• 6M: 7.21%
• YTD: 9.97%
• 1Y: 18.63%
• 3Y*: 14.24%
• 5Y*: 11.41%
• 10Y*: 11.73%

SCHV

• 1D: -0.49%
• 1M: -0.27%
• 6M: 12.60%
• YTD: 16.63%
• 1Y: 24.62%
• 3Y*: 17.58%
• 5Y*: 10.87%
• 10Y*: 11.18%

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

IUSV vs. SCHV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUSV iShares Core S&P U.S. Value ETF	9.97%	12.85%	12.18%	21.73%	-5.40%	25.22%	1.56%	31.47%	-9.21%	15.09%
SCHV Schwab U.S. Large-Cap Value ETF	16.63%	16.02%	14.13%	8.93%	-7.65%	25.58%	2.64%	25.92%	-7.30%	16.56%

Correlation

The correlation between IUSV and SCHV is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009	0.96

The correlation between IUSV and SCHV has been stable across timeframes, ranging from 0.88 to 0.97 - a consistent structural relationship.

IUSV vs. SCHV - Sectors Allocation Comparison

Sectors	IUSV	SCHV
Technology	21.7%	22.5%
Financial Services	14.9%	18.6%
Consumer Cyclical	11.2%	6.6%
Healthcare	11.1%	10.9%
Industrials	10.9%	13.6%
Consumer Defensive	8.7%	8.3%
Energy	7.0%	6.4%
Utilities	4.3%	4.2%
Real Estate	3.7%	3.9%
Basic Materials	3.5%	2.7%
Communication Services	3.0%	2.4%

Return for Risk

IUSV vs. SCHV — Risk / Return Rank

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

IUSV

IUSV Risk / Return Rank: 73
IUSV Sharpe Ratio Rank: 73
IUSV Sortino Ratio Rank: 73
IUSV Omega Ratio Rank: 72
IUSV Calmar Ratio Rank: 73
IUSV Martin Ratio Rank: 75

SCHV

SCHV Risk / Return Rank: 85
SCHV Sharpe Ratio Rank: 86
SCHV Sortino Ratio Rank: 87
SCHV Omega Ratio Rank: 83
SCHV Calmar Ratio Rank: 84
SCHV Martin Ratio Rank: 87

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.

IUSV vs. SCHV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P U.S. Value ETF (IUSV) and Schwab U.S. Large-Cap Value ETF (SCHV). 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.

	IUSV	SCHV	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.20	-0.33
Sortino ratio: Return per unit of downside risk	2.63	3.14	-0.51
Omega ratio: Gain probability vs. loss probability	1.34	1.39	-0.05
Calmar ratio: Return relative to maximum drawdown	2.94	3.62	-0.68
Martin ratio: Return relative to average drawdown	11.19	14.40	-3.21

IUSV vs. SCHV - Sharpe Ratio Comparison

The current IUSV Sharpe Ratio is 1.87, which is comparable to the SCHV Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of IUSV and SCHV, 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

IUSV vs. SCHV - Drawdown Comparison

The maximum IUSV drawdown since its inception was -56.88%, which is greater than SCHV's maximum drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for IUSV and SCHV.

Drawdown Indicators

	IUSV	SCHV	Difference
Max Drawdown Largest peak-to-trough decline	-56.88%	-37.08%	-19.80%
Max Drawdown (1Y) Largest decline over 1 year	-6.36%	-6.83%	+0.47%
Max Drawdown (3Y) Largest decline over 3 years	-17.76%	-15.26%	-2.50%
Max Drawdown (5Y) Largest decline over 5 years	-17.95%	-19.78%	+1.83%
Max Drawdown (10Y) Largest decline over 10 years	-37.54%	-37.08%	-0.46%
Current Drawdown Current decline from peak	-0.02%	-1.78%	+1.76%
Average Drawdown Average peak-to-trough decline	-6.27%	-3.81%	-2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	1.71%	-0.04%

Volatility

IUSV vs. SCHV - Volatility Comparison

The current volatility for iShares Core S&P U.S. Value ETF (IUSV) is 2.58%, while Schwab U.S. Large-Cap Value ETF (SCHV) has a volatility of 4.06%. This indicates that IUSV experiences smaller price fluctuations and is considered to be less risky than SCHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUSV	SCHV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	4.06%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	7.29%	8.83%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	10.03%	11.26%	-1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.50%	14.55%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	16.92%	+0.06%

IUSV vs. SCHV - Expense Ratio Comparison

Both IUSV and SCHV have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IUSV vs. SCHV - Dividend Comparison

IUSV's dividend yield for the trailing twelve months is around 1.67%, less than SCHV's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUSV iShares Core S&P U.S. Value ETF	1.67%	1.78%	2.15%	1.75%	2.22%	1.87%	2.40%	2.19%	2.67%	1.93%	4.44%	7.63%
SCHV Schwab U.S. Large-Cap Value ETF	1.78%	2.02%	2.25%	2.42%	2.37%	1.93%	3.03%	3.02%	3.05%	2.37%	2.65%	2.69%

Frequently Asked Questions

Can I hold both IUSV and SCHV in my portfolio?

IUSV and SCHV have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IUSV or SCHV?

SCHV has higher volatility (4.06%) compared to IUSV (2.58%). In terms of maximum drawdown, IUSV dropped -56.88% vs SCHV's -37.08%.

Which ETF is better, IUSV or SCHV?

On 10-year performance, IUSV leads with 11.73% vs 11.18% for SCHV. Both ETFs have the same 0.04% expense ratio. On volatility, IUSV has been the lower-risk option at 2.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IUSV or SCHV?

Over the 10-year period, IUSV has performed better with a 11.73% return vs 11.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IUSV or SCHV?

IUSV and SCHV have the same expense ratio: 0.04% per year.

Which ETF pays a higher dividend yield, IUSV or SCHV?

SCHV has the higher dividend yield at 1.78%, compared with 1.67% for IUSV.

What is the main difference between IUSV and SCHV?

IUSV tracks S&P 900 Value Index, while SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index. They also come from different issuers: iShares and Charles Schwab.

Which has better risk-adjusted returns?

SCHV currently has the higher Sharpe Ratio (2.20 vs 1.87), 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.