Dividend comparison
SCHV vs IWD: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Schwab U.S. Large-Cap Value ETF and iShares Russell 1000 Value ETF, side by side. Updated October 21, 2026.
SCHV vs IWD: key differences
The short answer, from the latest data on this page.
- Fees. SCHV is cheaper at 0.04% a year versus 0.18% for IWD. On $10,000 that is $14 a year less in fees.
- Income. SCHV pays more income, yielding 1.82% over the last twelve months versus 1.37% for IWD. That is about $45 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, IWD returned 69.0% versus 61.5% for SCHV, with dividends reinvested. $10,000 would have grown to $16,902 in IWD and $16,152 in SCHV.
- Risk. Their worst declines over the last 5 years were similar: -19.8% for SCHV and -19.0% for IWD from peak to trough.
- Diversification. IWD holds 870 positions and SCHV holds 572. The ten largest positions make up 22.0% of SCHV and 29.9% of IWD.
- Overlap. At least 40% of the two portfolios overlap by weight, across 74 shared holdings.
- Dividend growth. IWD grew its yearly payout 6.9% a year over the last 4 years, versus 6.3% for SCHV.
- Size. IWD is the larger fund with $84.3 billion in assets, against $15.4 billion for SCHV.
Bottom line: SCHV fits better if you care most about lower fees and more income today. IWD fits better if you care most about stronger 5-year returns and broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | SCHV Schwab U.S. Large-Cap Value ETF | IWD iShares Russell 1000 Value ETF |
|---|---|---|
| Dividend yield (TTM) | 1.82% | 1.37% |
| Dividend / share (TTM) | $0.63 | $3.53 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.1632 on Sep 28, 2026 | $0.9304 on Sep 18, 2026 |
| Ex-dividend date | Sep 23, 2026 | Sep 15, 2026 |
| Dividend growth (CAGR) | 6.3% over 4 yrs | 6.9% over 4 yrs |
| Price | $34.34 | $257.70 |
| Dividend growth streak | 4 years | 4 years |
| Beta | 0.76 | 0.85 |
| Max drawdown (5Y) | -19.8% | -19.0% |
| Market cap | $15.48B | $83.69B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.04% | 0.18% |
| Assets under management | $15.41B | $84.29B |
| Number of holdings | 572 | 870 |
| Top 10 concentration | 22.0% | 29.9% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
SCHV
$15.20/mo
$182 /yr at 1.82% yield
IWD
$11.42/mo
$137 /yr at 1.37% yield
Dividend history
Total dividends paid per share in each calendar year. SCHV pays quarterly; IWD pays quarterly.
| Year | SCHV | IWD |
|---|---|---|
| 2025 | $0.5995 | $3.5594 |
| 2024 | $0.5871 | $3.4707 |
| 2023 | $0.5646 | $3.3381 |
| 2022 | $0.5245 | $3.2540 |
| 2021 | $0.4688 | $2.7280 |
Strategy: Large-cap value
Funds that hold the cheaper half of the large-cap market by price-to-book, price-to-earnings and similar ratios. They lean toward financials, healthcare, industrials and energy, and pay higher dividends than growth funds because mature companies return more cash to shareholders. Funds tracking different value indexes can differ a lot in how many stocks they hold and how they define cheap.
Value can trail the broad market for years at a time when growth companies lead, as it did for much of the last decade.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $16,152 in SCHV and $16,902 in IWD.
| Period | SCHV | IWD |
|---|---|---|
| 1 month | 1.42% | 2.38% |
| 3 months | 2.54% | 3.90% |
| Year to date | 17.60% | 22.52% |
| 1 year | 19.99% | 25.76% |
| 3 years | 74.58% | 81.59% |
| 5 years | 61.52% | 69.02% |
- SCHV
- IWD
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.
- SCHV
- IWD
SCHV vs IWD holdings overlap
At least 40% overlap by weight, with 74 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 holdings | SCHV weight | IWD weight |
|---|---|---|
| BRK-BBERKSHIRE HATHAWAY INC CLASS B | 3.30% | 2.65% |
| JPMJPMORGAN CHASE | 3.01% | 2.38% |
| XOMEXXONMOBIL HOLDINGS CORP | 2.45% | 1.96% |
| JNJJOHNSON & JOHNSON | 2.05% | 1.64% |
| WMTWALMART | 1.77% | 1.27% |
| ABBVABBVIE | 1.68% | 1.23% |
| CSCOCISCO SYSTEMS INC | 1.41% | 1.13% |
| INTCINTEL CORPORATION CORP | 1.49% | 1.12% |
| CVXCHEVRON | 1.48% | 1.11% |
| PGPROCTER & GAMBLE | 1.23% | 0.98% |
Top 10 holdings
Largest positions by portfolio weight.
SCHV572 holdings total
Quick verdict
SCHV fits better if you care most about lower fees and more income today. IWD fits better if you care most about stronger 5-year returns and broader diversification. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how SCHV vs IWD fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is SCHV or IWD better for dividend income?
It depends on your goals. SCHV currently yields 1.82% Trailing Twelve Months (TTM) while IWD yields 1.37%. 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 SCHV and IWD?
Schwab U.S. Large-Cap Value ETF (SCHV) is an ETF listed on AMEX. iShares Russell 1000 Value ETF (IWD) 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, SCHV or IWD?
SCHV has the lower expense ratio. SCHV charges 0.04% a year and IWD charges 0.18%, a difference of $14 a year on a $10,000 investment.
Which has performed better, SCHV or IWD?
Over the last 5 years, IWD has the higher total return with dividends reinvested: SCHV returned 61.5% and IWD returned 69.0%. Past performance does not predict future returns.
Which is riskier, SCHV or IWD?
Measured by the worst peak-to-trough decline over the last five years, SCHV has been riskier: SCHV fell as much as 19.8% and IWD as much as 19.0%. Their betas are 0.76 and 0.85.
How much do SCHV and IWD overlap?
At least 40% of the two portfolios overlap by weight, across 74 shared holdings. The largest shared positions are BRK-B, JPM, XOM. Holding both still adds meaningful diversification.
How often do SCHV and IWD pay dividends?
Both pay quarterly. The most recent payments were $0.1632 for SCHV and $0.9304 for IWD.
How much income does $10,000 in SCHV vs IWD generate?
At current TTM yields, $10,000 in SCHV would generate roughly $15.20 per month ($182 annually). The same amount in IWD would produce about $11.42 per month ($137 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SCHV and IWD?
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 SCHV vs IWD with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SCHV and IWD 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.