Data as of Oct 28, 2026.
IWC vs SCHA: Differences, Returns & Fees
Over the year to Oct 28, 2026, IWC returned +16.5% to SCHA's +17.8%; 5% of their weight is in the same names.
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Net assets: $1.2bn on Oct 27, 2026 for iShares Micro-Cap ETF, and $22.6bn on Aug 31, 2026 for Schwab U.S. Small-Cap ETF.
Pair scorecard
SCHA costs 0.57 points a year less; their one-year returns differ by 1.3 points.
| Measure | IWC | SCHA |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.5% | +17.8% |
| Drawdown | ||
| Below its high | 9.5%, high on Aug 14, 2026 | 7.9%, high on Jun 30, 2026 |
| Benchmark | ||
| What it tracks | Russell Microcap Index | Dow Jones U.S. Small-Cap Total Stock Market Index |
| Cost and size | ||
| Expense ratio | 0.60% | 0.03% |
| Net assets, IWC as of Oct 27, 2026 and SCHA as of Aug 31, 2026 | $1.2bn | $22.6bn |
| Holdings | ||
| Holdings in common | 5% | |
| Top ten holdings, share of the fund | 5.9% | 10.1% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, IWC and SCHA hold 5% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
5% in common
Only in one fund ↓
Side by side
IWC and SCHA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IWC and SCHA are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IWC follows Russell Microcap Index and SCHA follows Dow Jones U.S. Small-Cap Total Stock Market Index.
- Holdings in common. 5% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
- Cost. IWC charges 0.60% of assets a year and SCHA 0.03%, a gap of 0.57 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +16.5% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.
IWC tracks the Russell Microcap. The prospectus expense ratio is 0.60% 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 1,365 positions, with the top ten at 5.9%. It sat 9.5% 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, IWC or SCHA?
- In the year to Oct 28, 2026, with distributions reinvested, IWC returned +16.5% and SCHA +17.8%.
- Which is cheaper, IWC or SCHA?
- SCHA is cheaper, by 0.57 percentage points a year. That is about $57 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, IWC against SCHA, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwc-vs-scha
ETFIQ. (Oct 28, 2026). IWC against SCHA. Retrieved from https://etfiq.com/compare/any/iwc-vs-scha
[IWC against SCHA (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iwc-vs-scha)
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