Data as of Oct 28, 2026.
IWB vs SCHX: Differences, Returns & Fees
Over the year to Oct 28, 2026, IWB and SCHX finished level, +13.1% against +13.1%, and they share 88% of their weight.
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Net assets: $49.1bn on Oct 28, 2026 for iShares Russell 1000 ETF, and $74.2bn on Aug 31, 2026 for Schwab U.S. Large-Cap ETF.
Pair scorecard
SCHX costs 0.12 points a year less; both returned +13.1% over a year.
| Measure | IWB | SCHX |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.1% | +13.1% |
| Benchmark | ||
| What it tracks | Russell 1000 Index | Dow Jones U.S. Large-Cap Total Stock Market Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.03% |
| Net assets, IWB as of Oct 28, 2026 and SCHX as of Aug 31, 2026 | $49.1bn | $74.2bn |
| Holdings | ||
| Holdings in common | 88% | |
| Top ten holdings, share of the fund | 35.3% | 36.0% |
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: IWB against VONE, Oct 1, 2010 to Oct 23, 2026; SCHX against IVV, Nov 13, 2009 to Oct 23, 2026.
IWB and SCHX returned about the same: +816.8% and +831.5%. IWB and SCHX swung about the same: 16.3% and 16.2%. IWB and SCHX fell about the same at their worst: −32.7% and −32.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IWB | SCHX | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +816.8% | +831.5% | Tie | Price change plus distributions, reinvested. |
| Annualized | +13.9% | +14.0% | Tie | Total return as a yearly rate. |
| Price return | +591.2% | +597.2% | Tie | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.3% | 16.2% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.3% | 11.2% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.7% | −32.3% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 100.1% | 100.5% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 100.1% | 100.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 1.01 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.79 | 0.80 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 1.14 | 1.16 | Tie | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.130 | 0.129 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.43 | 0.43 | SCHX (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VONE | IVV | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.09 | −0.62 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.5% to +0.5% | −0.6% to +0.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.03 | −0.05 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.0% | 0.9% | 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, IWB and SCHX hold 88% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
88% in common
Only in one fund ↓
Side by side
IWB and SCHX on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IWB and SCHX are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IWB follows Russell 1000 Index and SCHX follows Dow Jones U.S. Large-Cap Total Stock Market Index.
- Cost. IWB charges 0.15% of assets a year and SCHX 0.03%, a gap of 0.12 points.
- Holdings in common (similar). 88% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
Data as of Oct 28, 2026.
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IWB
IWB tracks the Russell 1000. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.2% for its benchmark, the Russell 1000 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,025 positions, with the top ten at 35.3%.
SCHX
SCHX tracks an index of U.S. Large-Cap. Over the year to Oct 28, 2026 it returned +13.1% 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, 94% of the fund by weight is stocks the S&P 500 also holds, across 747 positions, with the top ten at 36.0%.
Questions people ask
- Which returned more over the last year, IWB or SCHX?
- In the year to Oct 28, 2026, with distributions reinvested, IWB returned +13.1% and SCHX +13.1%.
- Which is cheaper, IWB or SCHX?
- SCHX is cheaper, by 0.12 percentage points a year. That is about $12 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, IWB against SCHX, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwb-vs-schx
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