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SCHB vs. IWB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHB vs. IWB

Last updated Jun 9, 2026

SCHB (Schwab U.S. Broad Market ETF) and IWB (iShares Russell 1000 ETF) are both Large Cap Blend Equities funds - SCHB tracks the Dow Jones U.S. Broad Stock Market Index while IWB tracks the Russell 1000 Index. Both are passively managed. Over the past 10 years, SCHB returned 14.83%/yr vs 14.97%/yr for IWB. With a 0.99 correlation, they move nearly in lockstep. SCHB charges 0.03%/yr vs 0.15%/yr for IWB.

Performance

SCHB vs. IWB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Broad Market ETF (SCHB) and iShares Russell 1000 ETF (IWB). 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 9.14% return, which is significantly higher than IWB's 8.46% return. Both investments have delivered pretty close results over the past 10 years, with SCHB having a 14.83% annualized return and IWB not far ahead at 14.97%.

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%

IWB

1D
0.26%
1M
0.43%
YTD
8.46%
6M
8.45%
1Y
23.94%
3Y*
21.07%
5Y*
12.59%
10Y*
14.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHB vs. IWB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IWB
iShares Russell 1000 ETF		8.46%17.18%24.32%26.39%-19.19%26.32%20.77%31.06%-4.90%21.52%

Correlation

The correlation between SCHB and IWB is 1.00 - 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

1.00

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

1.00

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

1.00

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

1.00

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

0.99

The correlation between SCHB and IWB has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

SCHB vs. IWB - Sectors Allocation Comparison

Sectors
SCHB
IWB

Technology

34.4%
36.6%

Financial Services

12.2%
11.3%

Consumer Cyclical

10.1%
10.0%

Communication Services

10.1%
10.4%

Industrials

9.4%
8.6%

Healthcare

8.9%
8.6%

Consumer Defensive

4.6%
4.5%

Energy

3.7%
3.3%

Real Estate

2.4%
2.1%

Utilities

2.3%
2.5%

Basic Materials

2.0%
1.9%

Technology

SCHB
34.4%
IWB
36.6%

Financial Services

SCHB
12.2%
IWB
11.3%

Consumer Cyclical

SCHB
10.1%
IWB
10.0%

Communication Services

SCHB
10.1%
IWB
10.4%

Industrials

SCHB
9.4%
IWB
8.6%

Healthcare

SCHB
8.9%
IWB
8.6%

Consumer Defensive

SCHB
4.6%
IWB
4.5%

Energy

SCHB
3.7%
IWB
3.3%

Real Estate

SCHB
2.4%
IWB
2.1%

Utilities

SCHB
2.3%
IWB
2.5%

Basic Materials

SCHB
2.0%
IWB
1.9%

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 Russell 1000 ETF

Often compared with SCHB:
SCHB vs. VTISCHB vs. SCHGSCHB vs. SCHXSCHB vs. VOOSCHB vs. SCHDSCHB vs. SWTSXSCHB vs. SPY
Often compared with IWB:
IWB vs. IWMIWB vs. SPYIWB vs. VONEIWB vs. IWDIWB vs. VOOIWB vs. IWVIWB vs. VTI

Return for Risk

SCHB vs. IWB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
IWB
IWB Risk / Return Rank: 6666
Overall Rank
IWB Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IWB Sortino Ratio Rank: 6464
Sortino Ratio Rank
IWB Omega Ratio Rank: 6666
Omega Ratio Rank
IWB Calmar Ratio Rank: 6060
Calmar Ratio Rank
IWB Martin Ratio Rank: 7373
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. IWB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Broad Market ETF (SCHB) and iShares Russell 1000 ETF (IWB). 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.

SCHBIWBDifference
Sharpe ratioReturn per unit of total volatility
2.02
1.98

+0.05

Sortino ratioReturn per unit of downside risk
2.73
2.68

+0.05

Omega ratioGain probability vs. loss probability

1.37

1.36

+0.01

Calmar ratioReturn relative to maximum drawdown

2.81

2.71

+0.10

Martin ratioReturn relative to average drawdown

12.80

12.38

+0.42

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

SCHB vs. IWB - Sharpe Ratio Comparison

The current SCHB Sharpe Ratio is 2.02, which is comparable to the IWB Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of SCHB and IWB, 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

SCHBIWBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

1.98

+0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.74

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

0.83

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.45

+0.38

Drawdowns

SCHB vs. IWB - Drawdown Comparison

The maximum SCHB drawdown since its inception was -35.27%, smaller than the maximum IWB drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for SCHB and IWB.

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Drawdown Indicators

SCHBIWBDifference

Max Drawdown

Largest peak-to-trough decline

-35.27%

-55.38%

+20.11%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-8.86%

-0.05%

Max Drawdown (3Y)

Largest decline over 3 years

-19.34%

-19.09%

-0.25%

Max Drawdown (5Y)

Largest decline over 5 years

-25.41%

-25.20%

-0.21%

Max Drawdown (10Y)

Largest decline over 10 years

-35.27%

-34.60%

-0.67%

Current Drawdown

Current decline from peak

-2.63%

-2.58%

-0.05%

Average Drawdown

Average peak-to-trough decline

-4.11%

-10.85%

+6.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

1.94%

+0.01%

Volatility

SCHB vs. IWB - Volatility Comparison

Schwab U.S. Broad Market ETF (SCHB) has a higher volatility of 3.93% compared to iShares Russell 1000 ETF (IWB) at 3.74%. This indicates that SCHB's price experiences larger fluctuations and is considered to be riskier than IWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHBIWBDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.93%

3.74%

+0.19%

Volatility (6M)

Calculated over the trailing 6-month period

9.57%

9.37%

+0.20%

Volatility (1Y)

Calculated over the trailing 1-year period

12.41%

12.20%

+0.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.28%

17.14%

+0.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.34%

18.16%

+0.18%

SCHB vs. IWB - Expense Ratio Comparison

SCHB has a 0.03% expense ratio, which is lower than IWB's 0.15% 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

SCHB vs. IWB - Dividend Comparison

SCHB's dividend yield for the trailing twelve months is around 1.04%, more than IWB's 0.93% yield.

PositionTTM20252024202320222021202020192018201720162015
IWB
iShares Russell 1000 ETF		0.93%1.00%1.14%1.31%1.56%1.09%1.37%1.71%2.06%1.64%1.89%1.95%
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

With a correlation of 1.00, SCHB and IWB 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 (3.93%) compared to IWB (3.74%). In terms of maximum drawdown, SCHB dropped -35.27% vs IWB's -55.38%.

On 10-year performance, IWB leads with 14.97% vs 14.83% for SCHB. On fees, SCHB is cheaper at 0.03% per year. On volatility, IWB has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWB has performed better with a 14.97% return vs 14.83%. 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 0.15% for IWB.

SCHB has the higher dividend yield at 1.04%, compared with 0.93% for IWB.

SCHB tracks Dow Jones U.S. Broad Stock Market Index, while IWB tracks Russell 1000 Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.03% for SCHB and 0.15% for IWB.

SCHB currently has the higher Sharpe Ratio (2.02 vs 1.98), 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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