ISCB vs SCHD
iShares Morningstar Small-Cap ETF vs Schwab US Dividend Equity ETF
Which is better, ISCB or SCHD?
Small Cap Blend against Large Cap Value.
ISCB has a lower expense ratio. SCHD led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ISCB | SCHD |
|---|---|---|
| Expense Ratio | 0.04%Best | 0.06% |
| AUM | $271M | $111.6B |
| Dividend Yield | 1.27% | 3.24% |
| Holdings | 1,571 | 206 |
| Volatility (annualized) | 18.1% | 13.7%Best |
| Max Drawdown | -44.2% | -33.4%Best |
| $10,000 over 15 years | $39,605 | $48,300Best |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Value |
| Inception | Jun 28, 2004 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 12 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. ISCB has data through Oct 2, 2026 and SCHD through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 15 years row, are measured over the window both funds cover: Oct 20, 2011 to Oct 2, 2026 (15 years).
Risk: Volatility and Drawdowns
ISCB has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 13.7% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -44.2% for ISCB and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ISCB charges 0.04% per year while SCHD charges 0.06%. On a $10,000 position that is $4 vs $6 annually, a gap of $2 per year that compounds over a long holding period. On income, ISCB currently yields 1.27% against 3.24% for SCHD.
Holdings Overlap
At least 4.5% of SCHD's money is in holdings ISCB also owns.
Stated as a floor: for ISCB, our book for it covers 92.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and ISCB share little of their money.
37 positions in common, counted across the 1,345 positions we hold weights for in ISCB and 98 in SCHD, against full books of 1,571 and 206.
Top Shared Holdings
| Stock | Weight in ISCB | Weight in SCHD | Difference |
|---|---|---|---|
| BBYBest Buy Co Inc | 0.28% | 0.45% | 0.17% |
| DINOHollyfrontier | 0.25% | 0.45% | 0.20% |
| APAApa Corp | 0.24% | 0.39% | 0.15% |
| AFGAmerican Financial Group Inc/Oh | 0.16% | 0.25% | 0.09% |
| ORIOld Republic International Corp | 0.15% | 0.22% | 0.07% |
| BAHBooz Allen Hamilton Holding Corp. | 0.14% | 0.21% | 0.07% |
| COLBColumbia Banking System Inc Common Stock | 0.13% | 0.21% | 0.08% |
| ALVAllianz Ag | 0.12% | 0.19% | 0.07% |
| ERIEErie Indemnity-a | 0.10% | 0.15% | 0.05% |
| MMacy'S Inc. | 0.08% | 0.15% | 0.07% |
You are not choosing between two funds in isolation.
Whichever of ISCB and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ISCB or SCHD?
ISCB has an expense ratio of 0.04% while SCHD charges 0.06%. ISCB is the cheaper option, by $2 a year on a $10,000 investment.
Which is riskier, ISCB or SCHD?
ISCB has been the more volatile fund at 18.1% annualized versus 13.7% for SCHD. Worst drawdown: ISCB -44.2% vs SCHD -33.4%.
Should I hold both ISCB and SCHD?
ISCB and SCHD have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ISCB and SCHD?
At least 4.5% of SCHD's money is in holdings ISCB also owns. Our book for ISCB is partial, so the real figure is this or higher. They hold 37 positions in common, counted across the 1,345 positions we hold weights for in ISCB and 98 in SCHD.
Which pays a higher dividend, ISCB or SCHD?
ISCB yields 1.27% while SCHD yields 3.24%, so SCHD currently pays the higher dividend yield.
Is SCHD better than ISCB?
ISCB has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.