IWO vs. SCHD
Compare and contrast key facts about iShares Russell 2000 Growth ETF (IWO) and Schwab US Dividend Equity ETF (SCHD).
IWO and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWO is a passively managed fund by iShares that tracks the performance of the Russell 2000 Growth Index. It was launched on Jul 24, 2000. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both IWO and SCHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWO or SCHD.
Key characteristics
| IWO | SCHD | |
|---|---|---|
| YTD Return | 13.47% | 13.91% |
| 1Y Return | 31.78% | 24.71% |
| 3Y Return (Ann) | -3.72% | 6.00% |
| 5Y Return (Ann) | 7.90% | 12.22% |
| 10Y Return (Ann) | 8.37% | 11.39% |
| Sharpe Ratio | 1.66 | 2.32 |
| Sortino Ratio | 2.36 | 3.34 |
| Omega Ratio | 1.28 | 1.41 |
| Calmar Ratio | 0.97 | 2.39 |
| Martin Ratio | 8.80 | 12.61 |
| Ulcer Index | 4.03% | 2.04% |
| Daily Std Dev | 21.20% | 11.09% |
| Max Drawdown | -60.10% | -33.37% |
| Current Drawdown | -13.40% | -2.36% |
Correlation
The correlation between IWO and SCHD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IWO vs. SCHD - Performance Comparison
The year-to-date returns for both investments are quite close, with IWO having a 13.47% return and SCHD slightly higher at 13.91%. Over the past 10 years, IWO has underperformed SCHD with an annualized return of 8.37%, while SCHD has yielded a comparatively higher 11.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IWO vs. SCHD - Expense Ratio Comparison
IWO has a 0.24% 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%.
Risk-Adjusted Performance
IWO vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Growth ETF (IWO) and Schwab US 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.
Dividends
IWO vs. SCHD - Dividend Comparison
IWO's dividend yield for the trailing twelve months is around 0.64%, less than SCHD's 3.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWO iShares Russell 2000 Growth ETF | 0.64% | 0.73% | 0.75% | 0.32% | 0.44% | 0.71% | 0.76% | 0.73% | 0.97% | 0.89% | 0.73% | 0.72% |
SCHD Schwab US Dividend Equity ETF | 3.47% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
IWO vs. SCHD - Drawdown Comparison
The maximum IWO drawdown since its inception was -60.10%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for IWO and SCHD. For additional features, visit the drawdowns tool.
Volatility
IWO vs. SCHD - Volatility Comparison
iShares Russell 2000 Growth ETF (IWO) has a higher volatility of 4.59% compared to Schwab US Dividend Equity ETF (SCHD) at 2.75%. This indicates that IWO'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.