SCHR vs. IWP
SCHR (Schwab Intermediate-Term U.S. Treasury ETF) and IWP (iShares Russell Mid-Cap Growth ETF) are both exchange-traded funds - SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index, while IWP is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index. Both are passively managed. Over the past 10 years, SCHR returned 1.15%/yr vs 11.64%/yr for IWP. At a correlation of -0.16, they often move in opposite directions. SCHR charges 0.05%/yr vs 0.23%/yr for IWP.
Performance
SCHR vs. IWP - Performance Comparison
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Returns By Period
In the year-to-date period, SCHR achieves a -0.40% return, which is significantly lower than IWP's 0.63% return. Over the past 10 years, SCHR has underperformed IWP with an annualized return of 1.15%, while IWP has yielded a comparatively higher 11.64% annualized return.
SCHR
- 1D
- -0.20%
- 1M
- -0.13%
- 6M
- -0.16%
- YTD
- -0.40%
- 1Y
- 2.72%
- 3Y*
- 3.60%
- 5Y*
- -0.11%
- 10Y*
- 1.15%
- ALL TIME*
- 1.91%
IWP
- 1D
- 0.00%
- 1M
- -3.07%
- 6M
- -2.52%
- YTD
- 0.63%
- 1Y
- -1.82%
- 3Y*
- 12.07%
- 5Y*
- 4.51%
- 10Y*
- 11.64%
- ALL TIME*
- 9.13%
SCHR vs. IWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.40% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | 6.18% | 1.46% | 1.59% |
IWP iShares Russell Mid-Cap Growth ETF | 0.63% | 8.45% | 21.86% | 25.70% | -26.90% | 12.60% | 35.25% | 35.04% | -4.89% | 24.93% |
Correlation
The correlation between SCHR and IWP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010 | -0.16 |
The correlation between SCHR and IWP shifts across timeframes, from -0.16 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHR vs. IWP — Risk / Return Rank
SCHR
IWP
SCHR vs. IWP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and iShares Russell Mid-Cap Growth ETF (IWP). 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.
| SCHR | IWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.00 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.12 | +1.10 |
| Martin ratioReturn relative to average drawdown | 2.42 | -0.35 | +2.77 |
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Drawdowns
SCHR vs. IWP - Drawdown Comparison
The maximum SCHR drawdown since its inception was -16.11%, smaller than the maximum IWP drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for SCHR and IWP.
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Drawdown Indicators
| SCHR | IWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -56.92% | +40.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -14.79% | +12.00% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | -25.20% | +20.85% |
Max Drawdown (5Y)Largest decline over 5 years | -15.07% | -38.62% | +23.55% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | -38.62% | +22.51% |
Current DrawdownCurrent decline from peak | -2.33% | -6.02% | +3.69% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -9.65% | +6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 5.19% | -4.06% |
Volatility
SCHR vs. IWP - Volatility Comparison
The current volatility for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is 1.01%, while iShares Russell Mid-Cap Growth ETF (IWP) has a volatility of 5.06%. This indicates that SCHR experiences smaller price fluctuations and is considered to be less risky than IWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHR | IWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 5.06% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 13.78% | -11.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 17.32% | -13.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 22.44% | -17.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 21.69% | -17.22% |
SCHR vs. IWP - Expense Ratio Comparison
SCHR has a 0.05% expense ratio, which is lower than IWP's 0.23% 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
SCHR vs. IWP - Dividend Comparison
SCHR's dividend yield for the trailing twelve months is around 3.94%, more than IWP's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWP iShares Russell Mid-Cap Growth ETF | 0.36% | 0.37% | 0.40% | 0.54% | 0.77% | 0.30% | 0.38% | 0.59% | 1.02% | 0.78% | 1.16% | 0.98% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.94% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
Frequently Asked Questions
SCHR and IWP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWP has higher volatility (5.06%) compared to SCHR (1.01%). In terms of maximum drawdown, SCHR dropped -16.11% vs IWP's -56.92%.
On 10-year performance, IWP leads with 11.64% vs 1.15% for SCHR. On fees, SCHR is cheaper at 0.05% per year. On volatility, SCHR has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IWP has performed better with a 11.64% return vs 1.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHR is cheaper with a 0.05% expense ratio, compared with 0.23% for IWP.
SCHR has the higher dividend yield at 3.94%, compared with 0.36% for IWP.
SCHR is categorized as Government Bonds, while IWP is Mid Cap Growth Equities. SCHR tracks Bloomberg US Treasury 3-10 Year Index, while IWP tracks Russell Midcap Growth Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.05% for SCHR and 0.23% for IWP.
SCHR currently has the higher Sharpe Ratio (0.80 vs -0.11), 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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