SCHB vs. IYW
SCHB (Schwab U.S. Broad Market ETF) and IYW (iShares U.S. Technology 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 IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, SCHB returned 14.46%/yr vs 24.67%/yr for IYW. Their correlation of 0.87 suggests significant overlap in exposure. SCHB charges 0.03%/yr vs 0.38%/yr for IYW.
Performance
SCHB vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, SCHB achieves a 9.93% return, which is significantly lower than IYW's 20.26% return. Over the past 10 years, SCHB has underperformed IYW with an annualized return of 14.46%, while IYW has yielded a comparatively higher 24.67% annualized return.
SCHB
- 1D
- -0.24%
- 1M
- -0.74%
- 6M
- 7.83%
- YTD
- 9.93%
- 1Y
- 19.72%
- 3Y*
- 19.11%
- 5Y*
- 11.84%
- 10Y*
- 14.46%
- ALL TIME*
- 14.16%
IYW
- 1D
- 0.31%
- 1M
- -5.36%
- 6M
- 20.13%
- YTD
- 20.26%
- 1Y
- 34.44%
- 3Y*
- 29.86%
- 5Y*
- 19.12%
- 10Y*
- 24.67%
- ALL TIME*
- 9.20%
SCHB vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHB Schwab U.S. Broad Market ETF | 9.93% | 16.94% | 23.93% | 26.16% | -19.46% | 25.84% | 20.76% | 30.79% | -5.43% | 21.20% |
IYW iShares U.S. Technology ETF | 20.26% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between SCHB and IYW is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2009 | 0.87 |
The correlation between SCHB and IYW has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
SCHB vs. IYW — Risk / Return Rank
SCHB
IYW
SCHB vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Broad Market ETF (SCHB) and iShares U.S. Technology ETF (IYW). 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.
| SCHB | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.94 | +0.28 |
| Martin ratioReturn relative to average drawdown | 9.65 | 5.97 | +3.68 |
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Drawdowns
SCHB vs. IYW - Drawdown Comparison
The maximum SCHB drawdown since its inception was -35.27%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for SCHB and IYW.
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Drawdown Indicators
| SCHB | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.27% | -81.90% | +46.63% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -17.81% | +8.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | -26.47% | +7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -25.41% | -39.44% | +14.03% |
Max Drawdown (10Y)Largest decline over 10 years | -35.27% | -39.44% | +4.17% |
Current DrawdownCurrent decline from peak | -1.92% | -7.66% | +5.74% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -34.51% | +30.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 5.78% | -3.73% |
Volatility
SCHB vs. IYW - Volatility Comparison
The current volatility for Schwab U.S. Broad Market ETF (SCHB) is 3.18%, while iShares U.S. Technology ETF (IYW) has a volatility of 8.60%. This indicates that SCHB experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHB | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 8.60% | -5.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 19.42% | -9.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 23.17% | -10.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 26.37% | -9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 25.30% | -6.99% |
SCHB vs. IYW - Expense Ratio Comparison
SCHB has a 0.03% expense ratio, which is lower than IYW's 0.38% expense ratio.
Dividends
SCHB vs. IYW - Dividend Comparison
SCHB's dividend yield for the trailing twelve months is around 1.05%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCHB Schwab U.S. Broad Market ETF | 1.05% | 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
SCHB and IYW have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (8.60%) compared to SCHB (3.18%). In terms of maximum drawdown, SCHB dropped -35.27% vs IYW's -81.90%.
On 10-year performance, IYW leads with 24.67% vs 14.46% for SCHB. On fees, SCHB is cheaper at 0.03% per year. On volatility, SCHB has been the lower-risk option at 3.18%. 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 24.67% return vs 14.46%. 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 0.38% for IYW.
SCHB has the higher dividend yield at 1.05%, compared with 0.11% for IYW.
SCHB is categorized as Large Cap Blend Equities, while IYW is Technology Equities. SCHB tracks Dow Jones U.S. Broad Stock Market Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.03% for SCHB and 0.38% for IYW.
SCHB currently has the higher Sharpe Ratio (1.54 vs 1.50), 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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