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IYW vs. SCHG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYW vs. SCHG

Last updated Jun 9, 2026

IYW (iShares U.S. Technology ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both exchange-traded funds - IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Both are passively managed. Over the past 10 years, IYW returned 25.53%/yr vs 18.53%/yr for SCHG. Their correlation of 0.94 suggests significant overlap in exposure. IYW charges 0.38%/yr vs 0.04%/yr for SCHG.

Performance

IYW vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Technology ETF (IYW) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IYW achieves a 22.81% return, which is significantly higher than SCHG's 3.75% return. Over the past 10 years, IYW has outperformed SCHG with an annualized return of 25.53%, while SCHG has yielded a comparatively lower 18.53% annualized return.

IYW

1D
1.61%
1M
2.72%
YTD
22.81%
6M
20.20%
1Y
50.11%
3Y*
33.35%
5Y*
21.56%
10Y*
25.53%

SCHG

1D
0.15%
1M
-0.94%
YTD
3.75%
6M
2.93%
1Y
20.82%
3Y*
24.03%
5Y*
14.90%
10Y*
18.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYW vs. SCHG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYW
iShares U.S. Technology ETF		22.81%25.38%30.25%65.44%-34.83%35.44%47.45%46.64%-0.93%36.60%
SCHG
Schwab U.S. Large-Cap Growth ETF		3.75%17.50%34.95%50.10%-31.80%28.11%39.14%36.02%-1.36%28.05%

Correlation

The correlation between IYW and SCHG is 0.92, 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

0.92

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

0.95

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

0.97

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

0.95

Correlation (All Time)
Calculated using the full available price history since Dec 14, 2009

0.94

The correlation between IYW and SCHG has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

iShares U.S. Technology ETF

Schwab U.S. Large-Cap Growth ETF

Often compared with IYW:
IYW vs. VGTIYW vs. QQQIYW vs. XLKIYW vs. IGMIYW vs. SMHIYW vs. IWFIYW vs. SOXX
Often compared with SCHG:
SCHG vs. SCHDSCHG vs. QQQMSCHG vs. VOOSCHG vs. VUGSCHG vs. QQQSCHG vs. SPMOSCHG vs. SPYG

Return for Risk

IYW vs. SCHG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYW
IYW Risk / Return Rank: 7070
Overall Rank
IYW Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
IYW Sortino Ratio Rank: 7373
Sortino Ratio Rank
IYW Omega Ratio Rank: 7676
Omega Ratio Rank
IYW Calmar Ratio Rank: 6262
Calmar Ratio Rank
IYW Martin Ratio Rank: 5858
Martin Ratio Rank
SCHG
SCHG Risk / Return Rank: 3636
Overall Rank
SCHG Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
SCHG Sortino Ratio Rank: 3939
Sortino Ratio Rank
SCHG Omega Ratio Rank: 4040
Omega Ratio Rank
SCHG Calmar Ratio Rank: 2929
Calmar Ratio Rank
SCHG Martin Ratio Rank: 3232
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.

IYW vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.

IYWSCHGDifference
Sharpe ratioReturn per unit of total volatility
2.40
1.33

+1.07

Sortino ratioReturn per unit of downside risk
2.97
1.82

+1.14

Omega ratioGain probability vs. loss probability

1.40

1.24

+0.16

Calmar ratioReturn relative to maximum drawdown

2.83

1.27

+1.55

Martin ratioReturn relative to average drawdown

9.20

4.25

+4.96

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

IYW vs. SCHG - Sharpe Ratio Comparison

The current IYW Sharpe Ratio is 2.40, which is higher than the SCHG Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of IYW and SCHG, 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

IYWSCHGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.40

1.33

+1.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

0.67

+0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.02

0.86

+0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.83

-0.49

Drawdowns

IYW vs. SCHG - Drawdown Comparison

The maximum IYW drawdown since its inception was -81.90%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for IYW and SCHG.

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Drawdown Indicators

IYWSCHGDifference

Max Drawdown

Largest peak-to-trough decline

-81.90%

-34.59%

-47.31%

Max Drawdown (1Y)

Largest decline over 1 year

-17.81%

-16.41%

-1.40%

Max Drawdown (3Y)

Largest decline over 3 years

-26.47%

-23.39%

-3.08%

Max Drawdown (5Y)

Largest decline over 5 years

-39.44%

-34.59%

-4.85%

Max Drawdown (10Y)

Largest decline over 10 years

-39.44%

-34.59%

-4.85%

Current Drawdown

Current decline from peak

-5.70%

-4.25%

-1.45%

Average Drawdown

Average peak-to-trough decline

-34.64%

-5.20%

-29.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.46%

4.91%

+0.55%

Volatility

IYW vs. SCHG - Volatility Comparison

iShares U.S. Technology ETF (IYW) has a higher volatility of 8.86% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 4.52%. This indicates that IYW's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IYWSCHGDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.86%

4.52%

+4.34%

Volatility (6M)

Calculated over the trailing 6-month period

17.10%

12.02%

+5.08%

Volatility (1Y)

Calculated over the trailing 1-year period

21.05%

15.77%

+5.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.01%

22.31%

+3.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.18%

21.58%

+3.60%

IYW vs. SCHG - Expense Ratio Comparison

IYW has a 0.38% expense ratio, which is higher than SCHG's 0.04% expense ratio.

Dividends

IYW vs. SCHG - Dividend Comparison

IYW's dividend yield for the trailing twelve months is around 0.11%, less than SCHG's 0.37% yield.

PositionTTM20252024202320222021202020192018201720162015
IYW
iShares U.S. Technology ETF		0.11%0.14%0.21%0.34%0.50%0.31%0.56%0.72%0.92%0.82%1.14%1.12%
SCHG
Schwab U.S. Large-Cap Growth ETF		0.37%0.36%0.39%0.46%0.55%0.42%0.52%0.82%1.27%1.01%1.04%1.22%

Frequently Asked Questions

With a correlation of 0.92, IYW and SCHG 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.

IYW has higher volatility (8.86%) compared to SCHG (4.52%). In terms of maximum drawdown, IYW dropped -81.90% vs SCHG's -34.59%.

On 10-year performance, IYW leads with 25.53% vs 18.53% for SCHG. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYW has performed better with a 25.53% return vs 18.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHG is cheaper with a 0.04% expense ratio, compared with 0.38% for IYW.

SCHG has the higher dividend yield at 0.37%, compared with 0.11% for IYW.

IYW is categorized as Technology Equities, while SCHG is Large Cap Growth Equities. IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.38% for IYW and 0.04% for SCHG.

IYW currently has the higher Sharpe Ratio (2.40 vs 1.33), 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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