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IVV vs. SCHX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVV vs. SCHX

Last updated Jul 21, 2026
Documentation

IVV (iShares Core S&P 500 ETF) and SCHX (Schwab U.S. Large-Cap ETF) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while SCHX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Large-Cap Total Stock Market Index. Both are passively managed. Over the past 10 years, IVV returned 14.95%/yr vs 14.84%/yr for SCHX. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.03% expense ratio.

Performance

IVV vs. SCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P 500 ETF (IVV) and Schwab U.S. Large-Cap ETF (SCHX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with IVV having a 9.40% return and SCHX slightly lower at 9.33%. Both investments have delivered pretty close results over the past 10 years, with IVV having a 14.95% annualized return and SCHX not far behind at 14.84%.

IVV

1D
-0.18%
1M
-0.63%
6M
7.87%
YTD
9.40%
1Y
19.60%
3Y*
19.51%
5Y*
12.87%
10Y*
14.95%
ALL TIME*
8.43%

SCHX

1D
-0.17%
1M
-0.52%
6M
7.65%
YTD
9.33%
1Y
19.03%
3Y*
19.39%
5Y*
12.25%
10Y*
14.84%
ALL TIME*
14.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVV vs. SCHX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVV
iShares Core S&P 500 ETF		9.40%17.85%24.93%26.31%-18.16%28.76%18.40%31.07%-4.49%21.75%
SCHX
Schwab U.S. Large-Cap ETF		9.33%17.46%24.88%26.84%-19.41%26.81%20.81%31.22%-4.66%21.95%

Correlation

The correlation between IVV and SCHX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

1.00

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

0.99

The correlation between IVV and SCHX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

IVV vs. SCHX - Sectors Allocation Comparison

Sectors
IVV
SCHX

Technology

38.4%
36.7%

Financial Services

12.0%
11.7%

Communication Services

10.0%
9.7%

Consumer Cyclical

9.3%
9.6%

Healthcare

8.8%
9.2%

Industrials

8.0%
9.4%

Consumer Defensive

4.5%
4.6%

Energy

3.2%
3.1%

Utilities

2.2%
2.2%

Real Estate

1.8%
2.1%

Basic Materials

1.7%
1.8%

Technology

IVV
38.4%
SCHX
36.7%

Financial Services

IVV
12.0%
SCHX
11.7%

Communication Services

IVV
10.0%
SCHX
9.7%

Consumer Cyclical

IVV
9.3%
SCHX
9.6%

Healthcare

IVV
8.8%
SCHX
9.2%

Industrials

IVV
8.0%
SCHX
9.4%

Consumer Defensive

IVV
4.5%
SCHX
4.6%

Energy

IVV
3.2%
SCHX
3.1%

Utilities

IVV
2.2%
SCHX
2.2%

Real Estate

IVV
1.8%
SCHX
2.1%

Basic Materials

IVV
1.7%
SCHX
1.8%

Compare stocks, funds, or ETFs

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

iShares Core S&P 500 ETF

Schwab U.S. Large-Cap ETF

Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L
Often compared with SCHX:
SCHX vs. VOOSCHX vs. SWPPXSCHX vs. SCHGSCHX vs. SCHBSCHX vs. SCHDSCHX vs. SPYSCHX vs. FNDX

Return for Risk

IVV vs. SCHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVV
IVV Risk / Return Rank: 6464
Overall Rank
IVV Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 6161
Sortino Ratio Rank
IVV Omega Ratio Rank: 6262
Omega Ratio Rank
IVV Calmar Ratio Rank: 5959
Calmar Ratio Rank
IVV Martin Ratio Rank: 7272
Martin Ratio Rank
SCHX
SCHX Risk / Return Rank: 6060
Overall Rank
SCHX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
SCHX Sortino Ratio Rank: 5858
Sortino Ratio Rank
SCHX Omega Ratio Rank: 5959
Omega Ratio Rank
SCHX Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHX Martin Ratio Rank: 6868
Martin Ratio Rank
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.

IVV vs. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) and Schwab U.S. Large-Cap ETF (SCHX). 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.

IVVSCHXDifference
Sharpe ratioReturn per unit of total volatility
1.56
1.51

+0.05

Sortino ratioReturn per unit of downside risk
2.17
2.10

+0.07

Omega ratioGain probability vs. loss probability

1.28

1.27

+0.01

Calmar ratioReturn relative to maximum drawdown

2.22

2.12

+0.10

Martin ratioReturn relative to average drawdown

9.59

9.05

+0.54

IVV vs. SCHX - Sharpe Ratio Comparison

The current IVV Sharpe Ratio is 1.56, which is comparable to the SCHX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of IVV and SCHX, 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

IVV vs. SCHX - Drawdown Comparison

The maximum IVV drawdown since its inception was -55.25%, which is greater than SCHX's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for IVV and SCHX.

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Drawdown Indicators

IVVSCHXDifference

Max Drawdown

Largest peak-to-trough decline

-55.25%

-34.33%

-20.92%

Max Drawdown (1Y)

Largest decline over 1 year

-8.89%

-9.02%

+0.13%

Max Drawdown (3Y)

Largest decline over 3 years

-18.75%

-19.04%

+0.29%

Max Drawdown (5Y)

Largest decline over 5 years

-24.53%

-25.41%

+0.88%

Max Drawdown (10Y)

Largest decline over 10 years

-33.90%

-34.33%

+0.43%

Current Drawdown

Current decline from peak

-2.06%

-1.95%

-0.11%

Average Drawdown

Average peak-to-trough decline

-10.74%

-3.95%

-6.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.05%

2.11%

-0.06%

Volatility

IVV vs. SCHX - Volatility Comparison

iShares Core S&P 500 ETF (IVV) has a higher volatility of 3.54% compared to Schwab U.S. Large-Cap ETF (SCHX) at 3.18%. This indicates that IVV's price experiences larger fluctuations and is considered to be riskier than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IVVSCHXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.54%

3.18%

+0.36%

Volatility (6M)

Calculated over the trailing 6-month period

10.10%

10.06%

+0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

12.65%

12.72%

-0.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.99%

17.21%

-0.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.05%

18.14%

-0.09%

IVV vs. SCHX - Expense Ratio Comparison

Both IVV and SCHX 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

IVV vs. SCHX - Dividend Comparison

IVV's dividend yield for the trailing twelve months is around 1.10%, more than SCHX's 1.04% yield.

PositionTTM20252024202320222021202020192018201720162015
IVV
iShares Core S&P 500 ETF		1.10%1.17%1.30%1.44%1.66%1.20%1.57%1.85%2.21%1.75%2.01%2.27%
SCHX
Schwab U.S. Large-Cap ETF		1.04%1.09%1.22%1.39%1.64%1.22%1.64%1.82%2.02%1.70%1.92%2.04%

Frequently Asked Questions

With a correlation of 1.00, IVV and SCHX 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.

IVV has higher volatility (3.54%) compared to SCHX (3.18%). In terms of maximum drawdown, IVV dropped -55.25% vs SCHX's -34.33%.

On 10-year performance, IVV leads with 14.95% vs 14.84% for SCHX. Both ETFs have the same 0.03% expense ratio. On volatility, SCHX has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IVV has performed better with a 14.95% return vs 14.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IVV and SCHX have the same expense ratio: 0.03% per year.

IVV has the higher dividend yield at 1.10%, compared with 1.04% for SCHX.

IVV is categorized as S&P 500, while SCHX is Large Cap Blend Equities. IVV tracks S&P 500 Index, while SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index. They also come from different issuers: iShares and Charles Schwab.

IVV currently has the higher Sharpe Ratio (1.56 vs 1.51), 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.

Portfolio Optimizer

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