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SCHV vs. IWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHV vs. IWX

Last updated Aug 5, 2026
Documentation

SCHV (Schwab U.S. Large-Cap Value ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds - SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index while IWX tracks the Russell Top 200 Value Index. Both are passively managed. Over the past 10 years, SCHV returned 11.40%/yr vs 12.13%/yr for IWX. Their correlation of 0.95 means they have usually moved in the same direction. SCHV charges 0.04%/yr vs 0.20%/yr for IWX.

Performance

SCHV vs. IWX - 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 Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCHV achieves a 18.95% return, which is significantly lower than IWX's 22.94% return. Over the past 10 years, SCHV has underperformed IWX with an annualized return of 11.40%, while IWX has yielded a comparatively higher 12.13% annualized return.

SCHV

1D
1.81%
1M
1.37%
6M
11.85%
YTD
18.95%
1Y
27.74%
3Y*
18.02%
5Y*
11.02%
10Y*
11.40%
ALL TIME*
11.76%

IWX

1D
0.74%
1M
4.32%
6M
16.37%
YTD
22.94%
1Y
35.84%
3Y*
20.21%
5Y*
12.98%
10Y*
12.13%
ALL TIME*
11.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IWX

iShares Russell Top 200 Value ETF
$51.40M$47.39M$34.94M

SCHV

Schwab U.S. Large-Cap Value ETF
$120.04M$108.23M$118.50M

SCHV vs. IWX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHV
Schwab U.S. Large-Cap Value ETF		18.95%16.02%14.13%8.93%-7.65%25.58%2.64%25.92%-7.30%16.56%
IWX
iShares Russell Top 200 Value ETF		22.94%18.23%14.89%10.45%-5.33%23.33%1.46%25.82%-6.53%14.05%

Correlation

The correlation between SCHV and IWX is 0.88, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.88

Correlation (3Y)
Balances recent behavior with more history.

0.94

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.96

Correlation (10Y)
Provides a long-term view across more market conditions.

0.96

Correlation (All Time)
Calculated using the full available price history since Dec 11, 2009

0.95

The correlation between SCHV and IWX has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.

SCHV vs. IWX - Sectors Allocation Comparison

Sectors
SCHV
IWX

Technology

22.9%
22.6%

Financial Services

18.7%
20.0%

Industrials

13.9%
8.3%

Healthcare

11.2%
13.6%

Consumer Defensive

8.1%
8.2%

Consumer Cyclical

6.5%
11.6%

Energy

5.8%
5.1%

Utilities

4.3%
2.6%

Real Estate

3.9%
1.8%

Basic Materials

2.5%
2.8%

Communication Services

2.1%
3.5%

Technology

SCHV
22.9%
IWX
22.6%

Financial Services

SCHV
18.7%
IWX
20.0%

Industrials

SCHV
13.9%
IWX
8.3%

Healthcare

SCHV
11.2%
IWX
13.6%

Consumer Defensive

SCHV
8.1%
IWX
8.2%

Consumer Cyclical

SCHV
6.5%
IWX
11.6%

Energy

SCHV
5.8%
IWX
5.1%

Utilities

SCHV
4.3%
IWX
2.6%

Real Estate

SCHV
3.9%
IWX
1.8%

Basic Materials

SCHV
2.5%
IWX
2.8%

Communication Services

SCHV
2.1%
IWX
3.5%

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. Large-Cap Value ETF

iShares Russell Top 200 Value ETF

Often compared with SCHV:
SCHV vs. VTVSCHV vs. SCHDSCHV vs. SCHXSCHV vs. AVLVSCHV vs. VOOSCHV vs. SCHASCHV vs. SPY
Often compared with IWX:
IWX vs. IWNIWX vs. IWYIWX vs. IWCIWX vs. IWFIWX vs. XLPIWX vs. QQQIWX vs. SPYV

Return for Risk

SCHV vs. IWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SCHV
SCHV Risk / Return Rank: 9090
Overall Rank
SCHV Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
SCHV Sortino Ratio Rank: 9191
Sortino Ratio Rank
SCHV Omega Ratio Rank: 8989
Omega Ratio Rank
SCHV Calmar Ratio Rank: 9090
Calmar Ratio Rank
SCHV Martin Ratio Rank: 9090
Martin Ratio Rank
IWX
IWX Risk / Return Rank: 9696
Overall Rank
IWX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IWX Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWX Omega Ratio Rank: 9595
Omega Ratio Rank
IWX Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWX Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SCHV vs. IWX - 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 Russell Top 200 Value ETF (IWX). 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.

SCHVIWXDifference
Sharpe ratioReturn per unit of total volatility
2.45
3.37

-0.92

Sortino ratioReturn per unit of downside risk
3.49
4.66

-1.18

Omega ratioGain probability vs. loss probability

1.44

1.61

-0.17

Calmar ratioReturn relative to maximum drawdown

4.08

5.46

-1.38

Martin ratioReturn relative to average drawdown

15.80

24.03

-8.23

SCHV vs. IWX - Sharpe Ratio Comparison

The current SCHV Sharpe Ratio is 2.45, which is comparable to the IWX Sharpe Ratio of 3.37. The chart below compares the historical Sharpe Ratios of SCHV and IWX, 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

SCHV vs. IWX - Drawdown Comparison

The maximum SCHV drawdown since its inception was -37.08%, roughly equal to the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for SCHV and IWX.

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Drawdown Indicators

SCHVIWXDifference

Max Drawdown

Largest peak-to-trough decline

-37.08%

-35.76%

-1.32%

Max Drawdown (1Y)

Largest decline over 1 year

-6.83%

-6.59%

-0.24%

Max Drawdown (3Y)

Largest decline over 3 years

-15.26%

-13.37%

-1.89%

Max Drawdown (5Y)

Largest decline over 5 years

-19.78%

-18.13%

-1.65%

Max Drawdown (10Y)

Largest decline over 10 years

-37.08%

-35.76%

-1.32%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.80%

-3.79%

-0.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.76%

1.50%

+0.26%

Volatility

SCHV vs. IWX - Volatility Comparison

Schwab U.S. Large-Cap Value ETF (SCHV) has a higher volatility of 3.57% compared to iShares Russell Top 200 Value ETF (IWX) at 3.00%. This indicates that SCHV's price experiences larger fluctuations and is considered to be riskier than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHVIWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.57%

3.00%

+0.57%

Volatility (6M)

Calculated over the trailing 6-month period

9.09%

8.49%

+0.60%

Volatility (1Y)

Calculated over the trailing 1-year period

11.41%

10.71%

+0.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.55%

13.89%

+0.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.94%

16.49%

+0.45%

SCHV vs. IWX - Expense Ratio Comparison

SCHV has a 0.04% expense ratio, which is lower than IWX'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

SCHV vs. IWX - Dividend Comparison

SCHV's dividend yield for the trailing twelve months is around 1.75%, more than IWX's 1.37% yield.

PositionTTM20252024202320222021202020192018201720162015
IWX
iShares Russell Top 200 Value ETF		1.37%1.59%1.97%2.13%2.07%1.79%2.12%2.60%2.66%2.12%2.22%2.77%
SCHV
Schwab U.S. Large-Cap Value ETF		1.75%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

SCHV and IWX 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.

SCHV has higher volatility (3.57%) compared to IWX (3.00%). In terms of maximum drawdown, SCHV dropped -37.08% vs IWX's -35.76%.

On 10-year performance, IWX leads with 12.13% vs 11.40% for SCHV. On fees, SCHV is cheaper at 0.04% per year. On volatility, IWX has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWX has performed better with a 12.13% return vs 11.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHV is cheaper with a 0.04% expense ratio, compared with 0.20% for IWX.

SCHV has the higher dividend yield at 1.75%, compared with 1.37% for IWX.

SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index, while IWX tracks Russell Top 200 Value Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.04% for SCHV and 0.20% for IWX.

IWX currently has the higher Sharpe Ratio (3.37 vs 2.45), 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 SCHV and IWX

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

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