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SCHB vs. IVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHB vs. IVV

Last updated Jun 13, 2026

SCHB (Schwab U.S. Broad Market ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - SCHB is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Broad Stock Market Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SCHB returned 15.01%/yr vs 15.47%/yr for IVV. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.03% expense ratio.

Performance

SCHB vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Broad Market ETF (SCHB) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCHB achieves a 9.68% return, which is significantly higher than IVV's 9.08% return. Both investments have delivered pretty close results over the past 10 years, with SCHB having a 15.01% annualized return and IVV not far ahead at 15.47%.

SCHB

1D
0.49%
1M
0.46%
YTD
9.68%
6M
9.76%
1Y
24.70%
3Y*
20.63%
5Y*
12.26%
10Y*
15.01%

IVV

1D
0.55%
1M
-0.08%
YTD
9.08%
6M
9.43%
1Y
24.38%
3Y*
20.95%
5Y*
13.42%
10Y*
15.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHB vs. IVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHB
Schwab U.S. Broad Market ETF		9.68%16.94%23.93%26.16%-19.46%25.84%20.76%30.79%-5.43%21.20%
IVV
iShares Core S&P 500 ETF		9.08%17.85%24.93%26.31%-18.16%28.76%18.40%31.07%-4.49%21.75%

Correlation

The correlation between SCHB and IVV is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

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

0.99

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

0.99

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

0.99

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

0.99

The correlation between SCHB and IVV has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

SCHB vs. IVV - Sectors Allocation Comparison

Sectors
SCHB
IVV

Technology

34.4%
35.6%

Financial Services

12.2%
11.8%

Consumer Cyclical

10.1%
10.1%

Communication Services

10.1%
11.2%

Industrials

9.4%
8.3%

Healthcare

8.9%
8.5%

Consumer Defensive

4.6%
4.9%

Energy

3.7%
3.5%

Real Estate

2.4%
1.9%

Utilities

2.3%
2.4%

Basic Materials

2.0%
1.8%

Technology

SCHB
34.4%
IVV
35.6%

Financial Services

SCHB
12.2%
IVV
11.8%

Consumer Cyclical

SCHB
10.1%
IVV
10.1%

Communication Services

SCHB
10.1%
IVV
11.2%

Industrials

SCHB
9.4%
IVV
8.3%

Healthcare

SCHB
8.9%
IVV
8.5%

Consumer Defensive

SCHB
4.6%
IVV
4.9%

Energy

SCHB
3.7%
IVV
3.5%

Real Estate

SCHB
2.4%
IVV
1.9%

Utilities

SCHB
2.3%
IVV
2.4%

Basic Materials

SCHB
2.0%
IVV
1.8%

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. Broad Market ETF

iShares Core S&P 500 ETF

Often compared with SCHB:
SCHB vs. VTISCHB vs. SCHGSCHB vs. SCHXSCHB vs. VOOSCHB vs. SCHDSCHB vs. SWTSXSCHB vs. SPY
Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L

Return for Risk

SCHB vs. IVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHB
SCHB Risk / Return Rank: 6969
Overall Rank
SCHB Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
SCHB Sortino Ratio Rank: 6868
Sortino Ratio Rank
SCHB Omega Ratio Rank: 6969
Omega Ratio Rank
SCHB Calmar Ratio Rank: 6464
Calmar Ratio Rank
SCHB Martin Ratio Rank: 7676
Martin Ratio Rank
IVV
IVV Risk / Return Rank: 7070
Overall Rank
IVV Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 6969
Sortino Ratio Rank
IVV Omega Ratio Rank: 7171
Omega Ratio Rank
IVV Calmar Ratio Rank: 6363
Calmar Ratio Rank
IVV Martin Ratio Rank: 7676
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.

SCHB vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Broad Market ETF (SCHB) and iShares Core S&P 500 ETF (IVV). 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.

SCHBIVVDifference
Sharpe ratioReturn per unit of total volatility
1.96
2.00

-0.03

Sortino ratioReturn per unit of downside risk
2.66
2.70

-0.03

Omega ratioGain probability vs. loss probability

1.35

1.36

-0.01

Calmar ratioReturn relative to maximum drawdown

2.78

2.76

+0.03

Martin ratioReturn relative to average drawdown

12.44

12.43

+0.01

SCHB vs. IVV - Sharpe Ratio Comparison

The current SCHB Sharpe Ratio is 1.96, which is comparable to the IVV Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of SCHB and IVV, 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

SCHB vs. IVV - Drawdown Comparison

The maximum SCHB drawdown since its inception was -35.27%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for SCHB and IVV.

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Drawdown Indicators

SCHBIVVDifference

Max Drawdown

Largest peak-to-trough decline

-35.27%

-55.25%

+19.98%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-8.89%

-0.02%

Max Drawdown (3Y)

Largest decline over 3 years

-19.34%

-18.75%

-0.59%

Max Drawdown (5Y)

Largest decline over 5 years

-25.41%

-24.53%

-0.88%

Max Drawdown (10Y)

Largest decline over 10 years

-35.27%

-33.90%

-1.37%

Current Drawdown

Current decline from peak

-2.15%

-2.35%

+0.20%

Average Drawdown

Average peak-to-trough decline

-4.11%

-10.77%

+6.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

1.97%

+0.02%

Volatility

SCHB vs. IVV - Volatility Comparison

Schwab U.S. Broad Market ETF (SCHB) has a higher volatility of 4.60% compared to iShares Core S&P 500 ETF (IVV) at 4.37%. This indicates that SCHB's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHBIVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.60%

4.37%

+0.23%

Volatility (6M)

Calculated over the trailing 6-month period

9.86%

9.59%

+0.27%

Volatility (1Y)

Calculated over the trailing 1-year period

12.63%

12.28%

+0.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.31%

16.95%

+0.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.35%

18.08%

+0.27%

SCHB vs. IVV - Expense Ratio Comparison

Both SCHB and IVV have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SCHB vs. IVV - Dividend Comparison

SCHB's dividend yield for the trailing twelve months is around 1.03%, less than IVV's 1.08% yield.

PositionTTM20252024202320222021202020192018201720162015
IVV
iShares Core S&P 500 ETF		1.08%1.17%1.30%1.44%1.66%1.20%1.57%1.85%2.21%1.75%2.01%2.27%
SCHB
Schwab U.S. Broad Market ETF		1.03%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

With a correlation of 0.99, SCHB and IVV 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.

SCHB has higher volatility (4.60%) compared to IVV (4.37%). In terms of maximum drawdown, SCHB dropped -35.27% vs IVV's -55.25%.

On 10-year performance, IVV leads with 15.47% vs 15.01% for SCHB. Both ETFs have the same 0.03% expense ratio. On volatility, IVV has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IVV has performed better with a 15.47% return vs 15.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHB and IVV have the same expense ratio: 0.03% per year.

IVV has the higher dividend yield at 1.08%, compared with 1.03% for SCHB.

SCHB is categorized as Large Cap Blend Equities, while IVV is S&P 500. SCHB tracks Dow Jones U.S. Broad Stock Market Index, while IVV tracks S&P 500 Index. They also come from different issuers: Charles Schwab and iShares.

IVV currently has the higher Sharpe Ratio (2.00 vs 1.96), 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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