Data as of Oct 28, 2026.
IJR vs SCHA: Differences, Returns & Fees
Over the year to Oct 28, 2026, IJR returned +17.5% to SCHA's +17.8%; 31% of their weight is in the same names.
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Net assets: $104.6bn on Oct 27, 2026 for iShares Core S&P Small-Cap ETF, and $22.6bn on Aug 31, 2026 for Schwab U.S. Small-Cap ETF.
Pair scorecard
SCHA costs 0.03 points a year less; their one-year returns differ by 0.3 points.
| Measure | IJR | SCHA |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.5% | +17.8% |
| Drawdown | ||
| Below its high | 6.8%, high on Aug 14, 2026 | 7.9%, high on Jun 30, 2026 |
| Benchmark | ||
| What it tracks | S&P SmallCap 600 | Dow Jones U.S. Small-Cap Total Stock Market Index |
| Cost and size | ||
| Expense ratio | 0.06% | 0.03% |
| Net assets, IJR as of Oct 27, 2026 and SCHA as of Aug 31, 2026 | $104.6bn | $22.6bn |
| Holdings | ||
| Holdings in common | 31% | |
| Top ten holdings, share of the fund | 5.3% | 10.1% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Nov 13, 2009 to Oct 23, 2026 · 884 weekly returnsEach against its own benchmark: IJR against SPSM, Jul 19, 2013 to Oct 23, 2026; SCHA against IVV, Nov 13, 2009 to Oct 23, 2026.
IJR returned slightly more: +584.5% to +545.8%. IJR and SCHA swung about the same: 21.0% and 21.0%. SCHA fell slightly less at its worst: −40.9% to −43.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IJR | SCHA | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +584.5% | +545.8% | IJR (slight) | Price change plus distributions, reinvested. |
| Annualized | +12.0% | +11.6% | IJR (slight) | Total return as a yearly rate. |
| Price return | +438.8% | +410.7% | IJR (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.0% | 21.0% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.3% | 14.5% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −43.6% | −40.9% | SCHA (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 98.7% | 113.9% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 98.9% | 111.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.99 | 1.17 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.80 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.57 | 0.56 | IJR (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.84 | 0.80 | IJR (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.097 | 0.100 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.27 | 0.28 | SCHA (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPSM | IVV | The ETF each fund is measured against. | |
| Alpha | +0.6% a year | −3.5% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.91 | −1.50 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.7% to +1.9% | −8.0% to +1.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.20 | −0.13 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 2.4% | 9.9% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 884 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IJR and SCHA hold 31% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
31% in common
Only in one fund ↓
Side by side
IJR and SCHA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IJR and SCHA are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IJR follows S&P SmallCap 600 and SCHA follows Dow Jones U.S. Small-Cap Total Stock Market Index.
- Holdings in common. 31% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
- One-year total return (similar). Over 1 year to Oct 28, 2026 IJR returned +17.5% and SCHA +17.8% with distributions reinvested, a gap of 0.3 points.
Data as of Oct 28, 2026.
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IJR
IJR tracks the S&P SmallCap 600. Over the year to Oct 28, 2026 it returned +17.5% with distributions reinvested, against +17.6% for its benchmark, the S&P SmallCap 600. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 642 positions, with the top ten at 5.3%. It sat 6.8% below its high of Aug 14, 2026 on Oct 28, 2026.
SCHA
SCHA tracks an index. Over the year to Oct 28, 2026 it returned +17.8% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings filed for Aug 31, 2026, 7% of the fund by weight is stocks the S&P 500 also holds, across 1,705 positions, with the top ten at 10.1%. It sat 7.9% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IJR or SCHA?
- In the year to Oct 28, 2026, with distributions reinvested, IJR returned +17.5% and SCHA +17.8%.
- Which is cheaper, IJR or SCHA?
- SCHA is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IJR against SCHA, data as of Oct 28, 2026. https://etfiq.com/compare/any/ijr-vs-scha
ETFIQ. (Oct 28, 2026). IJR against SCHA. Retrieved from https://etfiq.com/compare/any/ijr-vs-scha
[IJR against SCHA (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ijr-vs-scha)
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