Dividend comparison

IVV vs SCHB: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for iShares Core S&P 500 ETF and Schwab U.S. Broad Market ETF, side by side. Updated October 21, 2026.

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IVV vs SCHB: key differences
The short answer, from the latest data on this page.
  • Fees. Both charge about 0.03% a year, so cost is not what separates them.
  • Income. Their trailing yields are almost the same: 1.09% for IVV and 1.04% for SCHB. Both pay quarterly.
  • Performance. Over the last 5 years, IVV returned 80.1% versus 72.5% for SCHB, with dividends reinvested. $10,000 would have grown to $18,014 in IVV and $17,247 in SCHB.
  • Risk. Their worst declines over the last 5 years were similar: -24.5% for IVV and -25.4% for SCHB from peak to trough.
  • Diversification. SCHB holds 2,394 positions and IVV holds 504. The ten largest positions make up 38.6% of IVV and 34.3% of SCHB.
  • Overlap. At least 67% of the two portfolios overlap by weight, across 96 shared holdings.
  • Dividend growth. IVV grew its yearly payout 8.8% a year over the last 4 years, versus 6.9% for SCHB.
  • Size. IVV is the larger fund with $883.7 billion in assets, against $44.6 billion for SCHB.

Bottom line: IVV fits better if you care most about stronger 5-year returns and faster dividend growth. SCHB fits better if you care most about broader diversification.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricIVV
iShares Core S&P 500 ETF
SCHB
Schwab U.S. Broad Market ETF
Dividend yield (TTM)1.09%1.04%
Dividend / share (TTM)$8.40$0.31
Payout frequencyQuarterlyQuarterly
Last dividend$2.2026 on Sep 18, 2026$0.0809 on Sep 28, 2026
Ex-dividend dateSep 15, 2026Sep 23, 2026
Dividend growth (CAGR)8.8% over 4 yrs6.9% over 4 yrs
Price$772.35$29.51
Dividend growth streak4 years7 years
Beta1.001.03
Max drawdown (5Y)-24.5%-25.4%
Market cap$880.18B$44.45B
ExchangeAMEXAMEX
Expense ratio0.03%0.03%
Assets under management$883.68B$44.62B
Number of holdings5042394
Top 10 concentration38.6%34.3%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

IVV

$9.06/mo

$109 /yr at 1.09% yield

SCHB

$8.68/mo

$104 /yr at 1.04% yield

Dividend history
Total dividends paid per share in each calendar year. IVV pays quarterly; SCHB pays quarterly.
YearIVVSCHB
2025$8.0399$0.2916
2024$7.6453$0.2812
2023$6.8988$0.2579
2022$6.3933$0.2425
2021$5.7272$0.2230
Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.

Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.

What IVV vs SCHB actually do

IVV
BlackRock's iShares S&P 500 fund, tracking the same index as its Vanguard and State Street rivals.

It holds the full index at market-cap weights and, like VOO, is structured as an open-end fund, so it can reinvest income internally and lend out securities. Differences against the other S&P 500 trackers come down to fee, share price, spread and where the fund trades commission-free, not to what is inside it. Tracking difference between the cheap S&P 500 funds is small enough that platform and tax considerations usually decide the choice.

Suits an investor who wants core S&P 500 exposure and already holds other iShares funds or trades on a platform where iShares is cheapest. There is no income case for it beyond the index's own dividends.

Core holding

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,014 in IVV and $17,247 in SCHB.
PeriodIVVSCHB
1 month0.97%0.61%
3 months3.43%3.18%
Year to date12.76%13.41%
1 year14.49%15.18%
3 years87.50%87.37%
5 years80.14%72.47%
  • IVV
  • SCHB
71130189202120222023202420252026180172

Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • IVV
  • SCHB
0%10%19%29%39%Technology38.7%38.1%Information Technology38.3%Financial Services12.1%11.6%Healthcare9.3%10.0%Communication Services9.5%9.2%Consumer Cyclical9.3%8.7%Industrials8.0%8.8%Financials11.6%Communication9.8%Health Care9.6%Other28.9%13.6%
IVV vs SCHB holdings overlap
At least 67% overlap by weight, with 96 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Largest shared holdingsIVV weightSCHB weight
NVDANVIDIA7.91%7.03%
AAPLAPPLE7.54%6.80%
MSFTMICROSOFT5.97%5.33%
AMZNAMAZON.COM INC3.88%3.33%
GOOGLALPHABET CLASS A3.04%2.71%
GOOGALPHABET CLASS C2.44%2.17%
METAMETA PLATFORMS CLASS A2.34%2.12%
AVGOBROADCOM INC2.40%2.12%
LLYELI LILLY1.49%1.36%
TSLATESLA INC1.56%1.36%
Top 10 holdings
Largest positions by portfolio weight.

IVV504 holdings total

NameWeight
NVDANVIDIA7.91%
AAPLAPPLE7.54%
MSFTMICROSOFT5.97%
AMZNAMAZON.COM INC3.88%
GOOGLALPHABET CLASS A3.04%
GOOGALPHABET CLASS C2.44%
AVGOBROADCOM INC2.40%
METAMETA PLATFORMS CLASS A2.34%
TSLATESLA INC1.56%
MUMICRON TECHNOLOGY1.54%

SCHB2394 holdings total

NameWeight
NVDANVIDIA7.03%
AAPLAPPLE6.80%
MSFTMICROSOFT5.33%
AMZNAMAZON COM INC3.33%
GOOGLALPHABET CLASS A2.71%
GOOGALPHABET CLASS C2.17%
METAMETA PLATFORMS CLASS A2.12%
AVGOBROADCOM INC2.12%
LLYELI LILLY1.36%
TSLATESLA INC1.36%

Quick verdict

IVV fits better if you care most about stronger 5-year returns and faster dividend growth. SCHB fits better if you care most about broader diversification. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is IVV or SCHB better for dividend income?
It depends on your goals. IVV currently yields 1.09% Trailing Twelve Months (TTM) while SCHB yields 1.04%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between IVV and SCHB?
iShares Core S&P 500 ETF (IVV) is an ETF listed on AMEX. Schwab U.S. Broad Market ETF (SCHB) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, IVV or SCHB?
They cost about the same: IVV charges 0.03% a year and SCHB charges 0.03%.
Which has performed better, IVV or SCHB?
Over the last 5 years, IVV has the higher total return with dividends reinvested: IVV returned 80.1% and SCHB returned 72.5%. Past performance does not predict future returns.
Which is riskier, IVV or SCHB?
Measured by the worst peak-to-trough decline over the last five years, SCHB has been riskier: IVV fell as much as 24.5% and SCHB as much as 25.4%. Their betas are 1.00 and 1.03.
How much do IVV and SCHB overlap?
At least 67% of the two portfolios overlap by weight, across 96 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do IVV and SCHB pay dividends?
Both pay quarterly. The most recent payments were $2.2026 for IVV and $0.0809 for SCHB.
How much income does $10,000 in IVV vs SCHB generate?
At current TTM yields, $10,000 in IVV would generate roughly $9.06 per month ($109 annually). The same amount in SCHB would produce about $8.68 per month ($104 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both IVV and SCHB?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare IVV vs SCHB with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how IVV and SCHB fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.