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SCHA vs. IJS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHA vs. IJS

Last updated Jul 22, 2026
Documentation

SCHA (Schwab U.S. Small-Cap ETF) and IJS (iShares S&P SmallCap 600 Value ETF) are both exchange-traded funds - SCHA is a Small Cap Blend Equities fund tracking the Dow Jones U.S. Small-Cap Total Stock Market Index, while IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index. Both are passively managed. Over the past 10 years, SCHA returned 10.91%/yr vs 10.11%/yr for IJS. Their correlation of 0.95 suggests significant overlap in exposure. SCHA charges 0.04%/yr vs 0.25%/yr for IJS.

Performance

SCHA vs. IJS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Small-Cap ETF (SCHA) and iShares S&P SmallCap 600 Value ETF (IJS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with SCHA having a 22.07% return and IJS slightly lower at 21.47%. Over the past 10 years, SCHA has outperformed IJS with an annualized return of 10.91%, while IJS has yielded a comparatively lower 10.11% annualized return.

SCHA

1D
2.21%
1M
-1.34%
6M
15.12%
YTD
22.07%
1Y
34.95%
3Y*
16.78%
5Y*
8.24%
10Y*
10.91%
ALL TIME*
12.59%

IJS

1D
1.01%
1M
3.02%
6M
15.18%
YTD
21.47%
1Y
36.25%
3Y*
13.54%
5Y*
8.56%
10Y*
10.11%
ALL TIME*
9.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHA vs. IJS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHA
Schwab U.S. Small-Cap ETF		22.07%11.60%11.16%18.46%-19.81%16.45%19.34%26.50%-11.79%14.94%
IJS
iShares S&P SmallCap 600 Value ETF		21.47%6.54%7.33%14.68%-11.34%30.53%2.63%24.11%-12.86%11.35%

Correlation

The correlation between SCHA and IJS is 0.87, 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

0.87

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

0.92

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

0.93

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

0.93

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2009

0.95

The correlation between SCHA and IJS has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.

SCHA vs. IJS - Sectors Allocation Comparison

Sectors
SCHA
IJS

Technology

22.4%
13.4%

Healthcare

15.7%
7.7%

Financial Services

15.6%
20.2%

Industrials

14.7%
12.2%

Consumer Cyclical

9.5%
15.2%

Real Estate

6.2%
8.5%

Energy

4.7%
6.0%

Basic Materials

3.9%
6.2%

Communication Services

2.5%
3.8%

Consumer Defensive

2.3%
5.0%

Utilities

2.3%
2.0%

Technology

SCHA
22.4%
IJS
13.4%

Healthcare

SCHA
15.7%
IJS
7.7%

Financial Services

SCHA
15.6%
IJS
20.2%

Industrials

SCHA
14.7%
IJS
12.2%

Consumer Cyclical

SCHA
9.5%
IJS
15.2%

Real Estate

SCHA
6.2%
IJS
8.5%

Energy

SCHA
4.7%
IJS
6.0%

Basic Materials

SCHA
3.9%
IJS
6.2%

Communication Services

SCHA
2.5%
IJS
3.8%

Consumer Defensive

SCHA
2.3%
IJS
5.0%

Utilities

SCHA
2.3%
IJS
2.0%

Compare stocks, funds, or ETFs

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

Schwab U.S. Small-Cap ETF

iShares S&P SmallCap 600 Value ETF

Often compared with SCHA:
SCHA vs. VBSCHA vs. AVUVSCHA vs. SWSSXSCHA vs. IJRSCHA vs. SCHDSCHA vs. SCHMSCHA vs. SCHB
Often compared with IJS:
IJS vs. IJRIJS vs. AVUVIJS vs. VBRIJS vs. VIOVIJS vs. IWNIJS vs. VOOIJS vs. ISCV

Return for Risk

SCHA vs. IJS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHA
SCHA Risk / Return Rank: 8080
Overall Rank
SCHA Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
SCHA Sortino Ratio Rank: 7878
Sortino Ratio Rank
SCHA Omega Ratio Rank: 7171
Omega Ratio Rank
SCHA Calmar Ratio Rank: 8787
Calmar Ratio Rank
SCHA Martin Ratio Rank: 8585
Martin Ratio Rank
IJS
IJS Risk / Return Rank: 8585
Overall Rank
IJS Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IJS Sortino Ratio Rank: 8585
Sortino Ratio Rank
IJS Omega Ratio Rank: 8080
Omega Ratio Rank
IJS Calmar Ratio Rank: 8989
Calmar Ratio Rank
IJS Martin Ratio Rank: 8686
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.

SCHA vs. IJS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Small-Cap ETF (SCHA) and iShares S&P SmallCap 600 Value ETF (IJS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SCHAIJSDifference
Sharpe ratioReturn per unit of total volatility
1.84
2.03

-0.19

Sortino ratioReturn per unit of downside risk
2.64
2.94

-0.29

Omega ratioGain probability vs. loss probability

1.31

1.35

-0.04

Calmar ratioReturn relative to maximum drawdown

3.69

3.92

-0.23

Martin ratioReturn relative to average drawdown

12.60

12.95

-0.36

SCHA vs. IJS - Sharpe Ratio Comparison

The current SCHA Sharpe Ratio is 1.84, which is comparable to the IJS Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of SCHA and IJS, 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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Drawdowns

SCHA vs. IJS - Drawdown Comparison

The maximum SCHA drawdown since its inception was -42.41%, smaller than the maximum IJS drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for SCHA and IJS.

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Drawdown Indicators

SCHAIJSDifference

Max Drawdown

Largest peak-to-trough decline

-42.41%

-60.11%

+17.70%

Max Drawdown (1Y)

Largest decline over 1 year

-9.50%

-9.28%

-0.22%

Max Drawdown (3Y)

Largest decline over 3 years

-27.29%

-28.65%

+1.36%

Max Drawdown (5Y)

Largest decline over 5 years

-30.79%

-28.65%

-2.14%

Max Drawdown (10Y)

Largest decline over 10 years

-42.41%

-47.68%

+5.27%

Current Drawdown

Current decline from peak

-4.18%

-0.56%

-3.62%

Average Drawdown

Average peak-to-trough decline

-7.54%

-9.85%

+2.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.78%

2.81%

-0.03%

Volatility

SCHA vs. IJS - Volatility Comparison

Schwab U.S. Small-Cap ETF (SCHA) has a higher volatility of 5.84% compared to iShares S&P SmallCap 600 Value ETF (IJS) at 3.60%. This indicates that SCHA's price experiences larger fluctuations and is considered to be riskier than IJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHAIJSDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.84%

3.60%

+2.24%

Volatility (6M)

Calculated over the trailing 6-month period

14.56%

11.69%

+2.87%

Volatility (1Y)

Calculated over the trailing 1-year period

19.05%

17.92%

+1.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.03%

21.75%

+0.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.75%

23.55%

-0.80%

SCHA vs. IJS - Expense Ratio Comparison

SCHA has a 0.04% expense ratio, which is lower than IJS's 0.25% 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%.

Dividends

SCHA vs. IJS - Dividend Comparison

SCHA's dividend yield for the trailing twelve months is around 1.03%, less than IJS's 1.31% yield.

PositionTTM20252024202320222021202020192018201720162015
IJS
iShares S&P SmallCap 600 Value ETF		1.31%1.62%1.78%1.42%1.46%1.52%1.00%1.66%1.75%1.41%1.22%1.59%
SCHA
Schwab U.S. Small-Cap ETF		1.03%1.26%1.51%1.42%1.37%1.19%1.05%1.39%1.58%1.24%1.50%1.48%

Frequently Asked Questions

SCHA and IJS have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHA has higher volatility (5.84%) compared to IJS (3.60%). In terms of maximum drawdown, SCHA dropped -42.41% vs IJS's -60.11%.

On 10-year performance, SCHA leads with 10.91% vs 10.11% for IJS. On fees, SCHA is cheaper at 0.04% per year. On volatility, IJS has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHA has performed better with a 10.91% return vs 10.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHA is cheaper with a 0.04% expense ratio, compared with 0.25% for IJS.

IJS has the higher dividend yield at 1.31%, compared with 1.03% for SCHA.

SCHA is categorized as Small Cap Blend Equities, while IJS is Small Cap Value Equities. SCHA tracks Dow Jones U.S. Small-Cap Total Stock Market Index, while IJS tracks S&P SmallCap 600 Value Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.04% for SCHA and 0.25% for IJS.

IJS currently has the higher Sharpe Ratio (2.03 vs 1.84), 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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