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IWR vs. SCHB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWR vs. SCHB

Last updated Jun 9, 2026

IWR (iShares Russell Midcap ETF) and SCHB (Schwab U.S. Broad Market ETF) are both exchange-traded funds - IWR is a Mid Cap Growth Equities fund tracking the Russell Midcap Index, while SCHB is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Broad Stock Market Index. Both are passively managed. Over the past 10 years, IWR returned 11.41%/yr vs 14.83%/yr for SCHB. Their correlation of 0.95 suggests significant overlap in exposure. IWR charges 0.19%/yr vs 0.03%/yr for SCHB.

Performance

IWR vs. SCHB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Midcap ETF (IWR) and Schwab U.S. Broad Market ETF (SCHB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWR achieves a 10.71% return, which is significantly higher than SCHB's 9.14% return. Over the past 10 years, IWR has underperformed SCHB with an annualized return of 11.41%, while SCHB has yielded a comparatively higher 14.83% annualized return.

IWR

1D
0.08%
1M
1.05%
YTD
10.71%
6M
10.50%
1Y
19.23%
3Y*
16.25%
5Y*
7.68%
10Y*
11.41%

SCHB

1D
0.35%
1M
0.46%
YTD
9.14%
6M
9.03%
1Y
24.95%
3Y*
21.09%
5Y*
12.31%
10Y*
14.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWR vs. SCHB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWR
iShares Russell Midcap ETF		10.71%10.37%15.21%17.05%-17.48%22.44%16.93%30.23%-9.10%18.25%
SCHB
Schwab U.S. Broad Market ETF		9.14%16.94%23.93%26.16%-19.46%25.84%20.76%30.79%-5.43%21.20%

Correlation

The correlation between IWR and SCHB is 0.82, 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

0.82

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

0.87

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

0.92

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

0.93

Correlation (All Time)
Calculated using the full available price history since Nov 4, 2009

0.95

The correlation between IWR and SCHB shifts across timeframes, from 0.82 (1 year) to 0.95 (all time), reflecting how their relationship changes across market environments.

IWR vs. SCHB - Sectors Allocation Comparison

Sectors
IWR
SCHB

Industrials

18.4%
9.4%

Technology

17.2%
34.4%

Financial Services

12.5%
12.2%

Consumer Cyclical

11.2%
10.1%

Healthcare

8.7%
8.9%

Energy

7.2%
3.7%

Real Estate

7.0%
2.4%

Utilities

6.1%
2.3%

Basic Materials

4.3%
2.0%

Consumer Defensive

4.1%
4.6%

Communication Services

3.4%
10.1%

Industrials

IWR
18.4%
SCHB
9.4%

Technology

IWR
17.2%
SCHB
34.4%

Financial Services

IWR
12.5%
SCHB
12.2%

Consumer Cyclical

IWR
11.2%
SCHB
10.1%

Healthcare

IWR
8.7%
SCHB
8.9%

Energy

IWR
7.2%
SCHB
3.7%

Real Estate

IWR
7.0%
SCHB
2.4%

Utilities

IWR
6.1%
SCHB
2.3%

Basic Materials

IWR
4.3%
SCHB
2.0%

Consumer Defensive

IWR
4.1%
SCHB
4.6%

Communication Services

IWR
3.4%
SCHB
10.1%

Compare stocks, funds, or ETFs

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

iShares Russell Midcap ETF

Schwab U.S. Broad Market ETF

Often compared with IWR:
IWR vs. VOIWR vs. IWDIWR vs. SPMDIWR vs. IWNIWR vs. SCHMIWR vs. VXFIWR vs. REGL
Often compared with SCHB:
SCHB vs. VTISCHB vs. SCHGSCHB vs. SCHXSCHB vs. VOOSCHB vs. SCHDSCHB vs. SWTSXSCHB vs. SPY

Return for Risk

IWR vs. SCHB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWR
IWR Risk / Return Rank: 4949
Overall Rank
IWR Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
IWR Sortino Ratio Rank: 4646
Sortino Ratio Rank
IWR Omega Ratio Rank: 4343
Omega Ratio Rank
IWR Calmar Ratio Rank: 5353
Calmar Ratio Rank
IWR Martin Ratio Rank: 5757
Martin Ratio Rank
SCHB
SCHB Risk / Return Rank: 6868
Overall Rank
SCHB Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
SCHB Sortino Ratio Rank: 6666
Sortino Ratio Rank
SCHB Omega Ratio Rank: 6868
Omega Ratio Rank
SCHB Calmar Ratio Rank: 6262
Calmar Ratio Rank
SCHB Martin Ratio Rank: 7575
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.

IWR vs. SCHB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) and Schwab U.S. Broad Market ETF (SCHB). 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.

IWRSCHBDifference
Sharpe ratioReturn per unit of total volatility
1.43
2.02

-0.59

Sortino ratioReturn per unit of downside risk
2.07
2.73

-0.66

Omega ratioGain probability vs. loss probability

1.25

1.37

-0.12

Calmar ratioReturn relative to maximum drawdown

2.37

2.81

-0.45

Martin ratioReturn relative to average drawdown

9.09

12.80

-3.71

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWR vs. SCHB - Sharpe Ratio Comparison

The current IWR Sharpe Ratio is 1.43, which is comparable to the SCHB Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of IWR and SCHB, 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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Sharpe Ratios by Period

IWRSCHBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.43

2.02

-0.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

0.72

-0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

0.81

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.82

-0.33

Drawdowns

IWR vs. SCHB - Drawdown Comparison

The maximum IWR drawdown since its inception was -58.78%, which is greater than SCHB's maximum drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for IWR and SCHB.

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Drawdown Indicators

IWRSCHBDifference

Max Drawdown

Largest peak-to-trough decline

-58.78%

-35.27%

-23.51%

Max Drawdown (1Y)

Largest decline over 1 year

-8.17%

-8.91%

+0.74%

Max Drawdown (3Y)

Largest decline over 3 years

-21.09%

-19.34%

-1.75%

Max Drawdown (5Y)

Largest decline over 5 years

-26.18%

-25.41%

-0.77%

Max Drawdown (10Y)

Largest decline over 10 years

-40.59%

-35.27%

-5.32%

Current Drawdown

Current decline from peak

-2.04%

-2.63%

+0.59%

Average Drawdown

Average peak-to-trough decline

-7.80%

-4.11%

-3.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.12%

1.95%

+0.17%

Volatility

IWR vs. SCHB - Volatility Comparison

The current volatility for iShares Russell Midcap ETF (IWR) is 3.59%, while Schwab U.S. Broad Market ETF (SCHB) has a volatility of 3.93%. This indicates that IWR experiences smaller price fluctuations and is considered to be less risky than SCHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWRSCHBDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.59%

3.93%

-0.34%

Volatility (6M)

Calculated over the trailing 6-month period

10.06%

9.57%

+0.49%

Volatility (1Y)

Calculated over the trailing 1-year period

13.54%

12.41%

+1.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.25%

17.28%

+0.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.38%

18.34%

+1.04%

IWR vs. SCHB - Expense Ratio Comparison

IWR has a 0.19% expense ratio, which is higher than SCHB's 0.03% 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

IWR vs. SCHB - Dividend Comparison

IWR's dividend yield for the trailing twelve months is around 1.17%, more than SCHB's 1.04% yield.

PositionTTM20252024202320222021202020192018201720162015
IWR
iShares Russell Midcap ETF		1.17%1.29%1.27%1.43%1.59%1.04%1.28%1.43%1.98%1.52%1.72%1.59%
SCHB
Schwab U.S. Broad Market ETF		1.04%1.11%1.24%1.40%1.61%1.21%1.63%1.80%2.00%1.65%1.86%2.00%

Frequently Asked Questions

IWR and SCHB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHB has higher volatility (3.93%) compared to IWR (3.59%). In terms of maximum drawdown, IWR dropped -58.78% vs SCHB's -35.27%.

On 10-year performance, SCHB leads with 14.83% vs 11.41% for IWR. On fees, SCHB is cheaper at 0.03% per year. On volatility, IWR has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHB has performed better with a 14.83% return vs 11.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHB is cheaper with a 0.03% expense ratio, compared with 0.19% for IWR.

IWR has the higher dividend yield at 1.17%, compared with 1.04% for SCHB.

IWR is categorized as Mid Cap Growth Equities, while SCHB is Large Cap Blend Equities. IWR tracks Russell Midcap Index, while SCHB tracks Dow Jones U.S. Broad Stock Market Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.19% for IWR and 0.03% for SCHB.

SCHB currently has the higher Sharpe Ratio (2.02 vs 1.43), 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.

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