SCHA vs. IJR
Compare and contrast key facts about Schwab U.S. Small-Cap ETF (SCHA) and iShares Core S&P Small-Cap ETF (IJR).
SCHA and IJR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHA is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Small-Cap Total Stock Market Total Return Index. It was launched on Nov 3, 2009. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000. Both SCHA and IJR 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: SCHA or IJR.
Key characteristics
| SCHA | IJR | |
|---|---|---|
| YTD Return | -1.15% | -2.11% |
| 1Y Return | 15.91% | 15.04% |
| 3Y Return (Ann) | -2.25% | -0.40% |
| 5Y Return (Ann) | 6.64% | 7.33% |
| 10Y Return (Ann) | 7.57% | 8.65% |
| Sharpe Ratio | 0.93 | 0.87 |
| Daily Std Dev | 18.77% | 19.36% |
| Max Drawdown | -42.41% | -58.15% |
| Current Drawdown | -12.28% | -8.79% |
Correlation
The correlation between SCHA and IJR is 0.98, 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
SCHA vs. IJR - Performance Comparison
In the year-to-date period, SCHA achieves a -1.15% return, which is significantly higher than IJR's -2.11% return. Over the past 10 years, SCHA has underperformed IJR with an annualized return of 7.57%, while IJR has yielded a comparatively higher 8.65% 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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SCHA vs. IJR - Expense Ratio Comparison
SCHA has a 0.04% expense ratio, which is lower than IJR's 0.07% expense ratio. Despite the difference, 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
SCHA vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Small-Cap ETF (SCHA) and iShares Core S&P Small-Cap ETF (IJR). 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
SCHA vs. IJR - Dividend Comparison
SCHA's dividend yield for the trailing twelve months is around 1.38%, more than IJR's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHA Schwab U.S. Small-Cap ETF | 1.38% | 1.42% | 1.37% | 1.19% | 1.05% | 1.39% | 1.62% | 1.24% | 1.50% | 1.48% | 1.45% | 1.14% |
IJR iShares Core S&P Small-Cap ETF | 1.34% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
SCHA vs. IJR - Drawdown Comparison
The maximum SCHA drawdown since its inception was -42.41%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for SCHA and IJR. For additional features, visit the drawdowns tool.
Volatility
SCHA vs. IJR - Volatility Comparison
Schwab U.S. Small-Cap ETF (SCHA) and iShares Core S&P Small-Cap ETF (IJR) have volatilities of 4.97% and 5.12%, 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.