SCHV vs. IMCB

Last updated Jul 21, 2026

SCHV (Schwab U.S. Large-Cap Value ETF) and IMCB (iShares Morningstar Mid-Cap ETF) are both exchange-traded funds - SCHV is a Large Cap Value Equities fund tracking the Dow Jones U.S. Large-Cap Value Total Stock Market Index, while IMCB is a Mid Cap Blend Equities fund tracking the IMCB-US - Morningstar U.S. Mid Cap Index. Both are passively managed. Over the past 10 years, SCHV returned 10.94%/yr vs 11.06%/yr for IMCB. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.04% expense ratio.

Performance

SCHV vs. IMCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Value ETF (SCHV) and iShares Morningstar Mid-Cap ETF (IMCB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHV achieves a 14.69% return, which is significantly lower than IMCB's 16.61% return. Both investments have delivered pretty close results over the past 10 years, with SCHV having a 10.94% annualized return and IMCB not far ahead at 11.06%.

SCHV

• 1D: -0.47%
• 1M: -2.19%
• 6M: 9.69%
• YTD: 14.69%
• 1Y: 22.64%
• 3Y*: 16.15%
• 5Y*: 10.49%
• 10Y*: 10.94%
• ALL TIME*: 11.54%

IMCB

• 1D: -0.54%
• 1M: 0.79%
• 6M: 12.05%
• YTD: 16.61%
• 1Y: 20.07%
• 3Y*: 15.44%
• 5Y*: 9.14%
• 10Y*: 11.06%
• ALL TIME*: 10.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHV vs. IMCB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHV Schwab U.S. Large-Cap Value ETF	14.69%	16.02%	14.13%	8.93%	-7.65%	25.58%	2.64%	25.92%	-7.30%	16.56%
IMCB iShares Morningstar Mid-Cap ETF	16.61%	10.25%	15.10%	16.37%	-16.09%	22.81%	13.35%	31.49%	-11.53%	19.70%

Correlation

The correlation between SCHV and IMCB is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009	0.91

The correlation between SCHV and IMCB has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

SCHV vs. IMCB - Sectors Allocation Comparison

Sectors	SCHV	IMCB
Technology	22.9%	17.9%
Financial Services	18.7%	14.1%
Industrials	13.9%	18.4%
Healthcare	11.2%	8.8%
Consumer Defensive	8.1%	5.1%
Consumer Cyclical	6.5%	9.7%
Energy	5.8%	7.0%
Utilities	4.3%	6.5%
Real Estate	3.9%	4.5%
Basic Materials	2.5%	5.5%
Communication Services	2.1%	2.4%

Return for Risk

SCHV vs. IMCB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHV

SCHV Risk / Return Rank: 84
SCHV Sharpe Ratio Rank: 84
SCHV Sortino Ratio Rank: 85
SCHV Omega Ratio Rank: 81
SCHV Calmar Ratio Rank: 83
SCHV Martin Ratio Rank: 86

IMCB

IMCB Risk / Return Rank: 65
IMCB Sharpe Ratio Rank: 62
IMCB Sortino Ratio Rank: 63
IMCB Omega Ratio Rank: 60
IMCB Calmar Ratio Rank: 68
IMCB Martin Ratio Rank: 73

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.

SCHV vs. IMCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Value ETF (SCHV) and iShares Morningstar Mid-Cap ETF (IMCB). 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.

	SCHV	IMCB	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.54	+0.49
Sortino ratio: Return per unit of downside risk	2.93	2.21	+0.71
Omega ratio: Gain probability vs. loss probability	1.36	1.27	+0.08
Calmar ratio: Return relative to maximum drawdown	3.33	2.51	+0.82
Martin ratio: Return relative to average drawdown	12.95	9.82	+3.12

SCHV vs. IMCB - Sharpe Ratio Comparison

The current SCHV Sharpe Ratio is 2.03, which is higher than the IMCB Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of SCHV and IMCB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCHV vs. IMCB - Drawdown Comparison

The maximum SCHV drawdown since its inception was -37.08%, smaller than the maximum IMCB drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for SCHV and IMCB.

Drawdown Indicators

	SCHV	IMCB	Difference
Max Drawdown Largest peak-to-trough decline	-37.08%	-58.80%	+21.72%
Max Drawdown (1Y) Largest decline over 1 year	-6.83%	-8.05%	+1.22%
Max Drawdown (3Y) Largest decline over 3 years	-15.26%	-19.80%	+4.54%
Max Drawdown (5Y) Largest decline over 5 years	-19.78%	-25.15%	+5.37%
Max Drawdown (10Y) Largest decline over 10 years	-37.08%	-40.99%	+3.91%
Current Drawdown Current decline from peak	-3.42%	-1.31%	-2.11%
Average Drawdown Average peak-to-trough decline	-3.81%	-7.69%	+3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	2.05%	-0.30%

Volatility

SCHV vs. IMCB - Volatility Comparison

Schwab U.S. Large-Cap Value ETF (SCHV) has a higher volatility of 3.33% compared to iShares Morningstar Mid-Cap ETF (IMCB) at 2.17%. This indicates that SCHV's price experiences larger fluctuations and is considered to be riskier than IMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHV	IMCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	2.17%	+1.16%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	10.08%	-1.21%
Volatility (1Y) Calculated over the trailing 1-year period	11.21%	13.13%	-1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.52%	17.57%	-3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.92%	19.61%	-2.69%

SCHV vs. IMCB - Expense Ratio Comparison

Both SCHV and IMCB have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SCHV vs. IMCB - Dividend Comparison

SCHV's dividend yield for the trailing twelve months is around 1.82%, more than IMCB's 1.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMCB iShares Morningstar Mid-Cap ETF	1.22%	1.42%	1.43%	1.55%	1.70%	1.08%	1.12%	1.32%	1.80%	1.31%	1.79%	1.47%
SCHV Schwab U.S. Large-Cap Value ETF	1.82%	2.02%	2.25%	2.42%	2.37%	1.93%	3.03%	3.02%	3.05%	2.37%	2.65%	2.69%

Frequently Asked Questions

Can I hold both SCHV and IMCB in my portfolio?

With a correlation of 0.92, SCHV and IMCB 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.

Which is riskier, SCHV or IMCB?

SCHV has higher volatility (3.33%) compared to IMCB (2.17%). In terms of maximum drawdown, SCHV dropped -37.08% vs IMCB's -58.80%.

Which ETF is better, SCHV or IMCB?

On 10-year performance, IMCB leads with 11.06% vs 10.94% for SCHV. Both ETFs have the same 0.04% expense ratio. On volatility, IMCB has been the lower-risk option at 2.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHV or IMCB?

Over the 10-year period, IMCB has performed better with a 11.06% return vs 10.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHV or IMCB?

SCHV and IMCB have the same expense ratio: 0.04% per year.

Which ETF pays a higher dividend yield, SCHV or IMCB?

SCHV has the higher dividend yield at 1.82%, compared with 1.22% for IMCB.

What is the main difference between SCHV and IMCB?

SCHV is categorized as Large Cap Value Equities, while IMCB is Mid Cap Blend Equities. SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index, while IMCB tracks IMCB-US - Morningstar U.S. Mid Cap Index. They also come from different issuers: Charles Schwab and iShares.

Which has better risk-adjusted returns?

SCHV currently has the higher Sharpe Ratio (2.03 vs 1.54), 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.