ETF Versus

IWD vs SCHV

iShares Russell 1000 Value ETF vs Schwab U.S. Large-Cap Value ETF

Last updated: 2026-04-02

IWD iShares

iShares Russell 1000 Value ETF (IWD) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a moderate expense ratio of 0.18%. The fund offers a moderate dividend yield of 1.67%. Launched in 2000, the fund has a 26-year track record.

AUM: $68.2B ER: 0.18% Yield: 1.67% Since: May 22, 2000
SCHV Schwab

Schwab U.S. Large-Cap Value ETF (SCHV) is an exchange-traded fund issued by Schwab that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.96%. Launched in 2009, the fund has a 17-year track record.

AUM: $14.6B ER: 0.04% Yield: 1.96% Since: Dec 11, 2009

Quick Verdict

SCHV is significantly cheaper at 0.04% vs 0.18% expense ratio, saving you approximately $277 per $10,000 invested over 10 years. Both funds have delivered similar 1-year returns (14.4% vs 15.2%), tracking closely.

Key Metrics

Metric IWD SCHV
Expense Ratio 0.18% 0.04%
Dividend Yield 1.7% 2.0%
Fund Family iShares Schwab
Category US Large Cap Value US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

85 98 111 124 137 150 2021-04 2022-06 2023-09 2024-12 2026-04
IWD +39.4%
SCHV +38.4%

Performance Comparison

Period IWD SCHV Difference
1 Month -4.53% -4.76% +0.23%
3 Months +1.29% +2.41% -1.12%
6 Months +4.87% +4.65% +0.22%
YTD +1.29% +2.41% -1.12%
1 Year +14.39% +15.24% -0.85%
3 Years +40.40% +39.35% +1.05%
5 Years +39.38% +38.43% +0.95%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IWD Fees SCHV Fees You Save
$10.000 10 years $357 $80 $277
$10.000 20 years $1.529 $344 $1.185
$10.000 30 years $4.912 $1.112 $3.800
$50.000 10 years $1.786 $399 $1.387
$50.000 30 years $24.558 $5.560 $18.998
$100.000 30 years $49.116 $11.121 $37.995

Risk Metrics

Based on 5 years of daily returns

Metric IWD SCHV
Annualized Volatility 14.9% 14.6%
Max Drawdown -20.3% -21.1%
Sharpe Ratio 0.22 0.21

Dividend Comparison

Metric IWD SCHV
Annual Dividend (per share) $3.58 $0.60
Dividend Yield 1.67% 1.96%
Distribution Frequency Quarterly Quarterly

Top Holdings

7 of top 9 holdings overlap (78% overlap in top holdings)

IWD Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B2.89%
JPMorgan Chase & Co.JPM2.57%
Exxon Mobil CorporationXOM2.42%
Johnson & JohnsonJNJ1.94%
Amazon.com, Inc.AMZN1.76%
Walmart Inc.WMT1.61%
Alphabet Inc.GOOG1.54%
Micron Technology, Inc.MU1.34%
Chevron CorporationCVX1.32%

SCHV Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B3.09%
JPMorgan Chase & Co.JPM2.74%
Exxon Mobil CorporationXOM2.57%
Johnson & JohnsonJNJ2.08%
Walmart Inc.WMT1.94%
Micron Technology, Inc.MU1.44%
Chevron CorporationCVX1.42%
AbbVie Inc.ABBV1.33%
The Procter & Gamble CompanyPG1.19%
Caterpillar Inc.CAT1.16%

Which One Should You Choose?

Choose SCHV if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Either works if...

you just need broad us large cap value exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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