PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SCHB vs. IYY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHB vs. IYY

Last updated Jun 5, 2026

SCHB (Schwab U.S. Broad Market ETF) and IYY (iShares Dow Jones U.S. ETF) are both Large Cap Blend Equities funds - SCHB tracks the Dow Jones U.S. Broad Stock Market Index while IYY tracks the Dow Jones U.S. Index. Both are passively managed. Over the past 10 years, SCHB returned 15.02%/yr vs 15.01%/yr for IYY. With a 0.99 correlation, they move nearly in lockstep. SCHB charges 0.03%/yr vs 0.20%/yr for IYY.

Performance

SCHB vs. IYY - Performance Comparison

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

Loading charts...

Returns By Period

The year-to-date returns for both stocks are quite close, with SCHB having a 11.78% return and IYY slightly lower at 11.44%. Both investments have delivered pretty close results over the past 10 years, with SCHB having a 15.02% annualized return and IYY not far behind at 15.01%.

SCHB

1D
0.45%
1M
4.65%
YTD
11.78%
6M
11.45%
1Y
28.80%
3Y*
22.39%
5Y*
12.86%
10Y*
15.02%

IYY

1D
0.47%
1M
4.71%
YTD
11.44%
6M
11.21%
1Y
28.05%
3Y*
22.36%
5Y*
13.02%
10Y*
15.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHB vs. IYY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHB
Schwab U.S. Broad Market ETF		11.78%16.94%23.93%26.16%-19.46%25.84%20.76%30.79%-5.43%21.20%
IYY
iShares Dow Jones U.S. ETF		11.44%17.08%24.15%26.48%-19.57%26.38%20.10%30.78%-5.16%21.33%

Correlation

The correlation between SCHB and IYY 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

0.99

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

0.99

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

SCHB vs. IYY - Sectors Allocation Comparison

Sectors
SCHB
IYY

Technology

34.4%
34.8%

Financial Services

12.2%
12.0%

Consumer Cyclical

10.1%
10.2%

Communication Services

10.1%
10.7%

Industrials

9.4%
9.0%

Healthcare

8.9%
8.6%

Consumer Defensive

4.6%
4.8%

Energy

3.7%
3.6%

Real Estate

2.4%
2.2%

Utilities

2.3%
2.3%

Basic Materials

2.0%
2.0%

Technology

SCHB
34.4%
IYY
34.8%

Financial Services

SCHB
12.2%
IYY
12.0%

Consumer Cyclical

SCHB
10.1%
IYY
10.2%

Communication Services

SCHB
10.1%
IYY
10.7%

Industrials

SCHB
9.4%
IYY
9.0%

Healthcare

SCHB
8.9%
IYY
8.6%

Consumer Defensive

SCHB
4.6%
IYY
4.8%

Energy

SCHB
3.7%
IYY
3.6%

Real Estate

SCHB
2.4%
IYY
2.2%

Utilities

SCHB
2.3%
IYY
2.3%

Basic Materials

SCHB
2.0%
IYY
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. Broad Market ETF

iShares Dow Jones U.S. ETF

Often compared with SCHB:
SCHB vs. VTISCHB vs. SCHGSCHB vs. SCHXSCHB vs. VOOSCHB vs. SCHDSCHB vs. SWTSXSCHB vs. SPY
Often compared with IYY:
IYY vs. DIAIYY vs. VOOIYY vs. VTIIYY vs. IYMIYY vs. QQQIYY vs. CIND.LIYY vs. TQQQ

Return for Risk

SCHB vs. IYY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHB
SCHB Risk / Return Rank: 7373
Overall Rank
SCHB Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SCHB Sortino Ratio Rank: 7373
Sortino Ratio Rank
SCHB Omega Ratio Rank: 7373
Omega Ratio Rank
SCHB Calmar Ratio Rank: 6666
Calmar Ratio Rank
SCHB Martin Ratio Rank: 7878
Martin Ratio Rank
IYY
IYY Risk / Return Rank: 7272
Overall Rank
IYY Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IYY Sortino Ratio Rank: 7272
Sortino Ratio Rank
IYY Omega Ratio Rank: 7272
Omega Ratio Rank
IYY Calmar Ratio Rank: 6464
Calmar Ratio Rank
IYY 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. IYY - Risk-Adjusted Trends Comparison

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

SCHBIYYDifference
Sharpe ratioReturn per unit of total volatility
2.39
2.35

+0.04

Sortino ratioReturn per unit of downside risk
3.25
3.22

+0.04

Omega ratioGain probability vs. loss probability

1.43

1.42

+0.01

Calmar ratioReturn relative to maximum drawdown

3.25

3.15

+0.10

Martin ratioReturn relative to average drawdown

14.90

14.49

+0.41

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. IYY - Sharpe Ratio Comparison

The current SCHB Sharpe Ratio is 2.39, which is comparable to the IYY Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of SCHB and IYY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

SCHBIYYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.39

2.35

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

0.76

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

0.83

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.44

+0.39

Drawdowns

SCHB vs. IYY - Drawdown Comparison

The maximum SCHB drawdown since its inception was -35.27%, smaller than the maximum IYY drawdown of -55.17%. Use the drawdown chart below to compare losses from any high point for SCHB and IYY.

Loading charts...

Drawdown Indicators

SCHBIYYDifference

Max Drawdown

Largest peak-to-trough decline

-35.27%

-55.17%

+19.90%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-8.94%

+0.03%

Max Drawdown (3Y)

Largest decline over 3 years

-19.34%

-19.06%

-0.28%

Max Drawdown (5Y)

Largest decline over 5 years

-25.41%

-25.46%

+0.05%

Max Drawdown (10Y)

Largest decline over 10 years

-35.27%

-34.90%

-0.37%

Current Drawdown

Current decline from peak

-0.27%

-0.26%

-0.01%

Average Drawdown

Average peak-to-trough decline

-4.11%

-10.84%

+6.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

1.94%

0.00%

Volatility

SCHB vs. IYY - Volatility Comparison

Schwab U.S. Broad Market ETF (SCHB) and iShares Dow Jones U.S. ETF (IYY) have volatilities of 2.97% and 2.88%, 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.

Loading charts...

Volatility by Period

SCHBIYYDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.97%

2.88%

+0.09%

Volatility (6M)

Calculated over the trailing 6-month period

9.14%

9.05%

+0.09%

Volatility (1Y)

Calculated over the trailing 1-year period

12.11%

12.00%

+0.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.24%

17.12%

+0.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.31%

18.16%

+0.15%

SCHB vs. IYY - Expense Ratio Comparison

SCHB has a 0.03% expense ratio, which is lower than IYY's 0.20% 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. IYY - Dividend Comparison

SCHB's dividend yield for the trailing twelve months is around 1.01%, more than IYY's 0.86% yield.

PositionTTM20252024202320222021202020192018201720162015
IYY
iShares Dow Jones U.S. ETF		0.86%0.95%1.05%1.29%1.48%1.04%1.31%1.80%1.97%1.62%1.81%1.97%
SCHB
Schwab U.S. Broad Market ETF		1.01%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 IYY 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 (2.97%) compared to IYY (2.88%). In terms of maximum drawdown, SCHB dropped -35.27% vs IYY's -55.17%.

On 10-year performance, SCHB leads with 15.02% vs 15.01% for IYY. On fees, SCHB is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHB has performed better with a 15.02% return vs 15.01%. 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 0.20% for IYY.

SCHB has the higher dividend yield at 1.01%, compared with 0.86% for IYY.

SCHB tracks Dow Jones U.S. Broad Stock Market Index, while IYY tracks Dow Jones U.S. Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.03% for SCHB and 0.20% for IYY.

SCHB currently has the higher Sharpe Ratio (2.39 vs 2.35), 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.

Portfolio Optimizer

Find the right allocation for SCHB and IYY

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer