Data as of Oct 28, 2026.
IWO vs SCHP: Differences, Returns & Fees
Over the year to Oct 28, 2026, IWO returned +7.9% to SCHP's −0.8%; 0% of their weight is in the same names.
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Net assets: $14.0bn on Oct 27, 2026 for iShares Russell 2000 Growth ETF, and $16.5bn on Jun 30, 2026 for Schwab U.S. TIPS ETF.
Pair scorecard
SCHP costs 0.21 points a year less; their one-year returns differ by 8.7 points.
| Measure | IWO | SCHP |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.9% | −0.8% |
| Drawdown | ||
| Below its high | 9.9%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | Russell 2000 Growth Index | US TIPS |
| Cost and size | ||
| Expense ratio | 0.24% | 0.03% |
| Net assets, IWO as of Oct 27, 2026 and SCHP as of Jun 30, 2026 | $14.0bn | $16.5bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 6.4% | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
Aug 13, 2010 to Oct 23, 2026 · 845 weekly returnsEach against its own benchmark: IWO against VTWG, Oct 1, 2010 to Oct 23, 2026; SCHP against AGG, Aug 13, 2010 to Oct 23, 2026.
IWO returned more: +488.9% to +52.2%. SCHP swung less: 5.5% to 22.2%. SCHP fell less at its worst: −14.0% to −40.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IWO | SCHP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +488.9% | +52.2% | IWO | Price change plus distributions, reinvested. |
| Annualized | +11.5% | +2.6% | IWO | Total return as a yearly rate. |
| Price return | +420.4% | +1.8% | IWO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.2% | 5.5% | SCHP | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.2% | 4.0% | SCHP | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −40.5% | −14.0% | SCHP | Deepest fall from a high to the low after it. |
| Upside capture | 100.2% | 100.6% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 100.1% | 95.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 0.93 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.61 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.53 | 0.21 | IWO | Return above Treasury bills per unit of volatility. |
| Sortino | 0.77 | 0.29 | IWO | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.111 | 0.012 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.28 | 0.19 | IWO | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VTWG | AGG | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | +0.6% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.06 | 0.73 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.7% to +0.7% | −1.0% to +2.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.01 | 0.17 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.5% | 3.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 845 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IWO and SCHP hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
IWO and SCHP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
IWO
IWO tracks the Russell 2000 Growth. Over the year to Oct 28, 2026 it returned +7.9% with distributions reinvested, against +8.0% for its benchmark, the Russell 2000 Growth Index. The prospectus expense ratio is 0.24% 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 1,122 positions, with the top ten at 6.4%. It sat 9.9% below its high of Aug 14, 2026 on Oct 28, 2026.
SCHP
SCHP tracks an index of US TIPS. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.03% a year.
Questions people ask
- Which returned more over the last year, IWO or SCHP?
- In the year to Oct 28, 2026, with distributions reinvested, IWO returned +7.9% and SCHP −0.8%.
- Which is cheaper, IWO or SCHP?
- SCHP is cheaper, by 0.21 percentage points a year. That is about $21 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, IWO against SCHP, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwo-vs-schp
ETFIQ. (Oct 28, 2026). IWO against SCHP. Retrieved from https://etfiq.com/compare/any/iwo-vs-schp
[IWO against SCHP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iwo-vs-schp)
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