IVV vs. SCHX

Last updated Jun 9, 2026

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 15.32%/yr vs 15.20%/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.

Returns By Period

The year-to-date returns for both stocks are quite close, with IVV having a 8.72% return and SCHX slightly lower at 8.56%. Both investments have delivered pretty close results over the past 10 years, with IVV having a 15.32% annualized return and SCHX not far behind at 15.20%.

IVV

• 1D: 0.24%
• 1M: 0.23%
• YTD: 8.72%
• 6M: 8.76%
• 1Y: 24.89%
• 3Y*: 21.44%
• 5Y*: 13.50%
• 10Y*: 15.32%

SCHX

• 1D: 0.28%
• 1M: 0.45%
• YTD: 8.56%
• 6M: 8.52%
• 1Y: 24.19%
• 3Y*: 21.40%
• 5Y*: 12.87%
• 10Y*: 15.20%

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

IVV vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVV iShares Core S&P 500 ETF	8.72%	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	8.56%	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 4, 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	35.6%	38.3%
Financial Services	11.8%	9.9%
Communication Services	11.2%	10.1%
Consumer Cyclical	10.1%	9.7%
Healthcare	8.5%	8.4%
Industrials	8.3%	8.4%
Consumer Defensive	4.9%	4.4%
Energy	3.5%	3.2%
Utilities	2.4%	2.5%
Real Estate	1.9%	2.0%
Basic Materials	1.8%	1.8%

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: 69
IVV Sharpe Ratio Rank: 71
IVV Sortino Ratio Rank: 68
IVV Omega Ratio Rank: 70
IVV Calmar Ratio Rank: 62
IVV Martin Ratio Rank: 75

SCHX

SCHX Risk / Return Rank: 66
SCHX Sharpe Ratio Rank: 66
SCHX Sortino Ratio Rank: 64
SCHX Omega Ratio Rank: 67
SCHX Calmar Ratio Rank: 60
SCHX Martin Ratio Rank: 72

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.

	IVV	SCHX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.98	+0.09
Sortino ratio: Return per unit of downside risk	2.79	2.68	+0.11
Omega ratio: Gain probability vs. loss probability	1.38	1.36	+0.02
Calmar ratio: Return relative to maximum drawdown	2.81	2.69	+0.12
Martin ratio: Return relative to average drawdown	12.97	12.15	+0.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVV vs. SCHX - Sharpe Ratio Comparison

The current IVV Sharpe Ratio is 2.07, which is comparable to the SCHX Sharpe Ratio of 1.98. 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.

Sharpe Ratios by Period

	IVV	SCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.98	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.75	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.84	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.84	-0.39

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.

Drawdown Indicators

	IVV	SCHX	Difference
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	-2.67%	-2.64%	-0.03%
Average Drawdown Average peak-to-trough decline	-10.77%	-3.97%	-6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	2.00%	-0.08%

Volatility

IVV vs. SCHX - Volatility Comparison

iShares Core S&P 500 ETF (IVV) and Schwab U.S. Large-Cap ETF (SCHX) have volatilities of 3.77% and 3.84%, 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.

Volatility by Period

	IVV	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	3.84%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	9.44%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	12.27%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	17.16%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.07%	18.17%	-0.10%

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 1.09%, more than SCHX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVV iShares Core S&P 500 ETF	1.09%	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	1.03%	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

Can I hold both IVV and SCHX in my portfolio?

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.

Which is riskier, IVV or SCHX?

SCHX has higher volatility (3.84%) compared to IVV (3.77%). In terms of maximum drawdown, IVV dropped -55.25% vs SCHX's -34.33%.

Which ETF is better, IVV or SCHX?

On 10-year performance, IVV leads with 15.32% vs 15.20% for SCHX. Both ETFs have the same 0.03% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVV or SCHX?

Over the 10-year period, IVV has performed better with a 15.32% return vs 15.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVV or SCHX?

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

Which ETF pays a higher dividend yield, IVV or SCHX?

IVV has the higher dividend yield at 1.09%, compared with 1.03% for SCHX.

What is the main difference between IVV and 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.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (2.07 vs 1.98), 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.