Dividend comparison

IVV vs SCHG: Which Is Better?

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

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IVV vs SCHG: key differences
The short answer, from the latest data on this page.
  • Fees. IVV is cheaper at 0.03% a year versus 0.04% for SCHG. On $10,000 that is $1 a year less in fees.
  • Income. IVV pays more income, yielding 1.09% over the last twelve months versus 0.39% for SCHG. That is about $70 more a year on $10,000. Both pay quarterly.
  • Performance. Over the last 5 years, SCHG returned 85.2% versus 80.1% for IVV, with dividends reinvested. $10,000 would have grown to $18,525 in SCHG and $18,014 in IVV.
  • Risk. SCHG has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -34.6%, against -24.5% for IVV.
  • Diversification. IVV holds 504 positions and SCHG holds 189. The ten largest positions make up 38.6% of IVV and 60.9% of SCHG.
  • Overlap. At least 53% of the two portfolios overlap by weight, across 45 shared holdings.
  • Dividend growth. SCHG grew its yearly payout 9.4% a year over the last 4 years, versus 8.8% for IVV.
  • Size. IVV is the larger fund with $883.7 billion in assets, against $63.7 billion for SCHG.

Bottom line: IVV fits better if you care most about more income today, smaller drawdowns and broader diversification. SCHG fits better if you care most about stronger 5-year returns.

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
SCHG
Schwab U.S. Large-Cap Growth ETF
Dividend yield (TTM)1.09%0.39%
Dividend / share (TTM)$8.40$0.14
Payout frequencyQuarterlyQuarterly
Last dividend$2.2026 on Sep 18, 2026$0.0371 on Sep 28, 2026
Ex-dividend dateSep 15, 2026Sep 23, 2026
Dividend growth (CAGR)8.8% over 4 yrs9.4% over 4 yrs
Price$772.35$35.53
Dividend growth streak4 years4 years
Beta1.001.20
Max drawdown (5Y)-24.5%-34.6%
Market cap$880.18B$63.06B
ExchangeAMEXAMEX
Expense ratio0.03%0.04%
Assets under management$883.68B$63.70B
Number of holdings504189
Top 10 concentration38.6%60.9%
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

SCHG

$3.26/mo

$39 /yr at 0.39% yield

Dividend history
Total dividends paid per share in each calendar year. IVV pays quarterly; SCHG pays quarterly.
YearIVVSCHG
2025$8.0399$0.1168
2024$7.6453$0.1163
2023$6.8988$0.0903
2022$6.3933$0.0817
2021$5.7272$0.0817
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 SCHG 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 $18,525 in SCHG.
PeriodIVVSCHG
1 month0.97%0.40%
3 months3.43%4.16%
Year to date12.76%9.29%
1 year14.49%10.38%
3 years87.50%99.05%
5 years80.14%85.25%
  • IVV
  • SCHG
62130199202120222023202420252026180185

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
  • SCHG
0%14%27%41%54%Technology38.7%54.3%Information Technology38.3%Communication Services9.5%13.7%Consumer Cyclical9.3%10.1%Financial Services12.1%5.0%Healthcare9.3%6.6%Industrials8.0%7.0%Financials11.6%Communication9.8%Health Care9.6%Other28.9%3.4%
IVV vs SCHG holdings overlap
At least 53% overlap by weight, with 45 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 weightSCHG weight
NVDANVIDIA7.91%12.13%
AAPLAPPLE7.54%11.73%
MSFTMICROSOFT5.97%9.19%
AMZNAMAZON.COM INC3.88%5.74%
GOOGLALPHABET CLASS A3.04%4.68%
GOOGALPHABET CLASS C2.44%3.75%
AVGOBROADCOM INC2.40%4.00%
METAMETA PLATFORMS CLASS A2.34%4.25%
TSLATESLA INC1.56%2.71%
MUMICRON TECHNOLOGY1.54%2.69%
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%

SCHG189 holdings total

NameWeight
NVDANVIDIA12.13%
AAPLAPPLE11.73%
MSFTMICROSOFT9.19%
AMZNAMAZON COM INC5.74%
GOOGLALPHABET CLASS A4.68%
METAMETA PLATFORMS CLASS A4.25%
AVGOBROADCOM INC4.00%
GOOGALPHABET CLASS C3.75%
LLYELI LILLY2.73%
TSLATESLA INC2.71%

Quick verdict

IVV fits better if you care most about more income today, smaller drawdowns and broader diversification. SCHG fits better if you care most about stronger 5-year returns. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is IVV or SCHG better for dividend income?
It depends on your goals. IVV currently yields 1.09% Trailing Twelve Months (TTM) while SCHG yields 0.39%. 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 SCHG?
iShares Core S&P 500 ETF (IVV) is an ETF listed on AMEX. Schwab U.S. Large-Cap Growth ETF (SCHG) 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 SCHG?
IVV has the lower expense ratio. IVV charges 0.03% a year and SCHG charges 0.04%, a difference of $1 a year on a $10,000 investment.
Which has performed better, IVV or SCHG?
Over the last 5 years, SCHG has the higher total return with dividends reinvested: IVV returned 80.1% and SCHG returned 85.2%. Past performance does not predict future returns.
Which is riskier, IVV or SCHG?
Measured by the worst peak-to-trough decline over the last five years, SCHG has been riskier: IVV fell as much as 24.5% and SCHG as much as 34.6%. Their betas are 1.00 and 1.20.
How much do IVV and SCHG overlap?
At least 53% of the two portfolios overlap by weight, across 45 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do IVV and SCHG pay dividends?
Both pay quarterly. The most recent payments were $2.2026 for IVV and $0.0371 for SCHG.
How much income does $10,000 in IVV vs SCHG generate?
At current TTM yields, $10,000 in IVV would generate roughly $9.06 per month ($109 annually). The same amount in SCHG would produce about $3.26 per month ($39 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both IVV and SCHG?
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 SCHG with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how IVV and SCHG 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.