IVW vs. SCHD

Last updated Jun 4, 2026

IVW (iShares S&P 500 Growth ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - IVW is a Large Cap Growth Equities fund tracking the S&P 500 Growth Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, IVW returned 18.07%/yr vs 12.77%/yr for SCHD. A 0.69 correlation means they provide meaningful diversification when combined. IVW charges 0.18%/yr vs 0.06%/yr for SCHD.

Performance

IVW vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Growth ETF (IVW) 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, IVW achieves a 13.68% return, which is significantly lower than SCHD's 19.01% return. Over the past 10 years, IVW has outperformed SCHD with an annualized return of 18.07%, while SCHD has yielded a comparatively lower 12.77% annualized return.

IVW

• 1D: -0.98%
• 1M: 7.39%
• YTD: 13.68%
• 6M: 13.49%
• 1Y: 33.77%
• 3Y*: 27.99%
• 5Y*: 15.93%
• 10Y*: 18.07%

SCHD

• 1D: 0.00%
• 1M: 2.70%
• YTD: 19.01%
• 6M: 18.63%
• 1Y: 27.16%
• 3Y*: 15.09%
• 5Y*: 8.36%
• 10Y*: 12.77%

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

IVW vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVW iShares S&P 500 Growth ETF	13.68%	21.95%	35.82%	29.83%	-29.50%	31.80%	33.19%	30.77%	-0.21%	27.21%
SCHD Schwab U.S. Dividend Equity ETF	19.01%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between IVW and SCHD is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011	0.69

Over the past year, the correlation between IVW and SCHD has dropped to 0.11 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

IVW vs. SCHD - Sectors Allocation Comparison

Sectors	IVW	SCHD
Technology	49.3%	16.4%
Communication Services	18.0%	6.3%
Consumer Cyclical	9.4%	6.3%
Financial Services	8.9%	9.3%
Industrials	6.2%	7.5%
Healthcare	5.8%	18.8%
Consumer Defensive	1.0%	19.2%
Real Estate	0.6%	-
Utilities	0.4%	0.0%
Basic Materials	0.4%	1.2%
Energy	0.1%	16.2%

Return for Risk

IVW vs. SCHD — Risk / Return Rank

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

IVW

IVW Risk / Return Rank: 57
IVW Sharpe Ratio Rank: 62
IVW Sortino Ratio Rank: 60
IVW Omega Ratio Rank: 59
IVW Calmar Ratio Rank: 49
IVW Martin Ratio Rank: 57

SCHD

SCHD Risk / Return Rank: 80
SCHD Sharpe Ratio Rank: 75
SCHD Sortino Ratio Rank: 84
SCHD Omega Ratio Rank: 73
SCHD Calmar Ratio Rank: 91
SCHD Martin Ratio Rank: 75

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.

IVW vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Growth ETF (IVW) 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.

	IVW	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.49	-0.35
Sortino ratio: Return per unit of downside risk	2.88	3.87	-0.98
Omega ratio: Gain probability vs. loss probability	1.37	1.45	-0.08
Calmar ratio: Return relative to maximum drawdown	2.47	5.91	-3.45
Martin ratio: Return relative to average drawdown	10.19	14.53	-4.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVW vs. SCHD - Sharpe Ratio Comparison

The current IVW Sharpe Ratio is 2.14, which is comparable to the SCHD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of IVW 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

	IVW	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	2.49	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.58	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.77	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.86	-0.41

Drawdowns

IVW vs. SCHD - Drawdown Comparison

The maximum IVW drawdown since its inception was -57.33%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for IVW and SCHD.

Drawdown Indicators

	IVW	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-57.33%	-33.37%	-23.96%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-4.61%	-9.14%
Max Drawdown (3Y) Largest decline over 3 years	-22.15%	-16.13%	-6.02%
Max Drawdown (5Y) Largest decline over 5 years	-32.72%	-16.85%	-15.87%
Max Drawdown (10Y) Largest decline over 10 years	-32.72%	-33.37%	+0.65%
Current Drawdown Current decline from peak	-1.12%	-1.40%	+0.28%
Average Drawdown Average peak-to-trough decline	-17.62%	-3.32%	-14.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	1.88%	+1.44%

Volatility

IVW vs. SCHD - Volatility Comparison

iShares S&P 500 Growth ETF (IVW) has a higher volatility of 4.30% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.66%. This indicates that IVW's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVW	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	2.66%	+1.64%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	7.66%	+4.71%
Volatility (1Y) Calculated over the trailing 1-year period	15.87%	10.96%	+4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.16%	14.38%	+6.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.62%	16.72%	+3.90%

IVW vs. SCHD - Expense Ratio Comparison

IVW has a 0.18% 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

IVW vs. SCHD - Dividend Comparison

IVW's dividend yield for the trailing twelve months is around 0.35%, less than SCHD's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVW iShares S&P 500 Growth ETF	0.35%	0.40%	0.43%	1.03%	0.92%	0.46%	0.82%	1.63%	1.28%	1.30%	1.51%	1.51%
SCHD Schwab U.S. Dividend Equity ETF	3.26%	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 IVW and SCHD in my portfolio?

IVW and SCHD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVW or SCHD?

IVW has higher volatility (4.30%) compared to SCHD (2.66%). In terms of maximum drawdown, IVW dropped -57.33% vs SCHD's -33.37%.

Which ETF is better, IVW or SCHD?

On 10-year performance, IVW leads with 18.07% vs 12.77% for SCHD. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVW or SCHD?

Over the 10-year period, IVW has performed better with a 18.07% return vs 12.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVW or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.18% for IVW.

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

SCHD has the higher dividend yield at 3.26%, compared with 0.35% for IVW.

What is the main difference between IVW and SCHD?

IVW is categorized as Large Cap Growth Equities, while SCHD is Dividend. IVW tracks S&P 500 Growth Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.18% for IVW and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.49 vs 2.14), 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.