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SCHD vs. IJJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHD vs. IJJ

Last updated Jul 22, 2026
Documentation

SCHD (Schwab U.S. Dividend Equity ETF) and IJJ (iShares S&P Mid-Cap 400 Value ETF) are both exchange-traded funds - SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index, while IJJ is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Value Index. Both are passively managed. Over the past 10 years, SCHD returned 12.35%/yr vs 10.35%/yr for IJJ. Their correlation of 0.84 suggests significant overlap in exposure. SCHD charges 0.06%/yr vs 0.18%/yr for IJJ.

Performance

SCHD vs. IJJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Dividend Equity ETF (SCHD) and iShares S&P Mid-Cap 400 Value ETF (IJJ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCHD achieves a 21.62% return, which is significantly higher than IJJ's 12.83% return. Over the past 10 years, SCHD has outperformed IJJ with an annualized return of 12.35%, while IJJ has yielded a comparatively lower 10.35% annualized return.

SCHD

1D
0.21%
1M
3.83%
6M
16.24%
YTD
21.62%
1Y
26.25%
3Y*
13.62%
5Y*
9.37%
10Y*
12.35%
ALL TIME*
13.27%

IJJ

1D
0.59%
1M
1.83%
6M
8.82%
YTD
12.83%
1Y
18.95%
3Y*
12.12%
5Y*
9.48%
10Y*
10.35%
ALL TIME*
10.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHD vs. IJJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHD
Schwab U.S. Dividend Equity ETF		21.62%4.34%11.66%4.54%-3.26%29.87%15.03%27.29%-5.56%20.85%
IJJ
iShares S&P Mid-Cap 400 Value ETF		12.83%7.27%11.63%15.24%-7.11%30.45%3.56%25.66%-12.06%12.04%

Correlation

The correlation between SCHD and IJJ is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.65

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

0.78

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

0.83

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

0.83

Correlation (All Time)
Calculated using the full available price history since Oct 20, 2011

0.84

The correlation between SCHD and IJJ shifts across timeframes, from 0.65 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

SCHD vs. IJJ - Sectors Allocation Comparison

Sectors
SCHD
IJJ

Healthcare

20.8%
3.8%

Consumer Defensive

20.6%
4.8%

Energy

14.1%
6.3%

Technology

12.7%
10.4%

Financial Services

9.9%
21.8%

Industrials

7.8%
19.1%

Consumer Cyclical

7.7%
13.9%

Communication Services

6.2%
0.8%

Basic Materials

1.2%
5.7%

Utilities

0.1%
4.0%

Real Estate

-

9.5%

Healthcare

SCHD
20.8%
IJJ
3.8%

Consumer Defensive

SCHD
20.6%
IJJ
4.8%

Energy

SCHD
14.1%
IJJ
6.3%

Technology

SCHD
12.7%
IJJ
10.4%

Financial Services

SCHD
9.9%
IJJ
21.8%

Industrials

SCHD
7.8%
IJJ
19.1%

Consumer Cyclical

SCHD
7.7%
IJJ
13.9%

Communication Services

SCHD
6.2%
IJJ
0.8%

Basic Materials

SCHD
1.2%
IJJ
5.7%

Utilities

SCHD
0.1%
IJJ
4.0%

Real Estate

SCHD

-

IJJ
9.5%

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. Dividend Equity ETF

iShares S&P Mid-Cap 400 Value ETF

Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG
Often compared with IJJ:
IJJ vs. IJHIJJ vs. VOEIJJ vs. SPYIJJ vs. PSRIJJ vs. IVVIJJ vs. VOOIJJ vs. VOOV

Return for Risk

SCHD vs. IJJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHD
SCHD Risk / Return Rank: 9292
Overall Rank
SCHD Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 9393
Sortino Ratio Rank
SCHD Omega Ratio Rank: 8989
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9595
Calmar Ratio Rank
SCHD Martin Ratio Rank: 8888
Martin Ratio Rank
IJJ
IJJ Risk / Return Rank: 4848
Overall Rank
IJJ Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IJJ Sortino Ratio Rank: 5252
Sortino Ratio Rank
IJJ Omega Ratio Rank: 4646
Omega Ratio Rank
IJJ Calmar Ratio Rank: 4747
Calmar Ratio Rank
IJJ Martin Ratio Rank: 5050
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.

SCHD vs. IJJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Dividend Equity ETF (SCHD) and iShares S&P Mid-Cap 400 Value ETF (IJJ). 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.

SCHDIJJDifference
Sharpe ratioReturn per unit of total volatility
2.39
1.25

+1.14

Sortino ratioReturn per unit of downside risk
3.71
1.93

+1.78

Omega ratioGain probability vs. loss probability

1.43

1.22

+0.20

Calmar ratioReturn relative to maximum drawdown

5.72

1.80

+3.92

Martin ratioReturn relative to average drawdown

13.96

6.21

+7.74

SCHD vs. IJJ - Sharpe Ratio Comparison

The current SCHD Sharpe Ratio is 2.39, which is higher than the IJJ Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of SCHD and IJJ, 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

SCHD vs. IJJ - Drawdown Comparison

The maximum SCHD drawdown since its inception was -33.37%, smaller than the maximum IJJ drawdown of -58.00%. Use the drawdown chart below to compare losses from any high point for SCHD and IJJ.

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Drawdown Indicators

SCHDIJJDifference

Max Drawdown

Largest peak-to-trough decline

-33.37%

-58.00%

+24.63%

Max Drawdown (1Y)

Largest decline over 1 year

-4.61%

-10.59%

+5.98%

Max Drawdown (3Y)

Largest decline over 3 years

-16.13%

-22.68%

+6.55%

Max Drawdown (5Y)

Largest decline over 5 years

-16.85%

-22.68%

+5.83%

Max Drawdown (10Y)

Largest decline over 10 years

-33.37%

-46.11%

+12.74%

Current Drawdown

Current decline from peak

-0.67%

-1.23%

+0.56%

Average Drawdown

Average peak-to-trough decline

-3.30%

-7.90%

+4.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

3.06%

-1.17%

Volatility

SCHD vs. IJJ - Volatility Comparison

Schwab U.S. Dividend Equity ETF (SCHD) has a higher volatility of 3.61% compared to iShares S&P Mid-Cap 400 Value ETF (IJJ) at 3.21%. This indicates that SCHD's price experiences larger fluctuations and is considered to be riskier than IJJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHDIJJDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.61%

3.21%

+0.40%

Volatility (6M)

Calculated over the trailing 6-month period

7.95%

10.78%

-2.83%

Volatility (1Y)

Calculated over the trailing 1-year period

11.03%

15.21%

-4.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.37%

19.37%

-5.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.71%

21.97%

-5.26%

SCHD vs. IJJ - Expense Ratio Comparison

SCHD has a 0.06% expense ratio, which is lower than IJJ's 0.18% 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

SCHD vs. IJJ - Dividend Comparison

SCHD's dividend yield for the trailing twelve months is around 3.19%, more than IJJ's 1.59% yield.

PositionTTM20252024202320222021202020192018201720162015
IJJ
iShares S&P Mid-Cap 400 Value ETF		1.59%1.79%1.81%1.68%1.97%1.62%1.78%1.70%2.01%1.52%1.67%1.83%
SCHD
Schwab U.S. Dividend Equity ETF		3.19%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%

Frequently Asked Questions

SCHD and IJJ have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHD has higher volatility (3.61%) compared to IJJ (3.21%). In terms of maximum drawdown, SCHD dropped -33.37% vs IJJ's -58.00%.

On 10-year performance, SCHD leads with 12.35% vs 10.35% for IJJ. On fees, SCHD is cheaper at 0.06% per year. On volatility, IJJ has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHD has performed better with a 12.35% return vs 10.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHD is cheaper with a 0.06% expense ratio, compared with 0.18% for IJJ.

SCHD has the higher dividend yield at 3.19%, compared with 1.59% for IJJ.

SCHD is categorized as Dividend, while IJJ is Mid Cap Value Equities. SCHD tracks Dow Jones U.S. Dividend 100 Index, while IJJ tracks S&P MidCap 400 Value Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.06% for SCHD and 0.18% for IJJ.

SCHD currently has the higher Sharpe Ratio (2.39 vs 1.25), 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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