IWB vs SCHX: Grades, Fees and Holdings Compared

iShares Russell 1000 ETF

IWBANYSE Arca

Schwab U.S. Large-Cap ETF

SCHXANYSE Arca

Overlap

96.6%by weight

Expense ratio

SCHX −0.12pt a year

IWB0.15%SCHX0.03%

Avg volume · 30D

SCHX 19.5×the volume

IWB509KSCHX9.93M

10Y return · a year

SCHX +0.3pt

IWB+15.0%SCHX+15.3%

IWB vs SCHX Performance

Oct 29, 2021 – Oct 30, 2026

+70.1%IWB+71.6%SCHX

Expense ratio: IWB 0.15%; SCHX 0.03%, better
Fund size: IWB $48B; SCHX $73.2B
1Y total return: IWB +11.6%, better; SCHX +11.5%
Yield (12M): IWB 0.92%; SCHX 1.05%, better
Holdings: IWB 1027; SCHX 753
Avg volume (30D): IWB 509K sh; SCHX 9.93M sh, better
NAV per share: IWB $413.05; SCHX $29.72
52W range

ETF.net Grade

Pillar letters and Scores for IWB, SCHX, with each pillar’s weight
Pillar	IWB	SCHX
Cost30% weight	B63	A91Higher
Mission25% weight	A100Higher	A99
Risk15% weight	C54Higher	C48
Tradability15% weight	A94Higher	A88
Holdings10% weight	A73Higher	A70
Durability5% weight	A91Higher	A89

Rank among US Large-Cap funds

How we build Categories ›

Same Category. IWB and SCHX are both graded against the same 29 US Large-Cap funds, so their Grades compare head to head.

US Large-Cap⁠

Category · 29 funds

See all 29 ›

SCHX ranks 1st and IWB 5th of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 83
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 4AVVVanguard Morningstar Large-Cap ETFScore 78
Rank 5AIWBiShares Russell 1000 ETFScore 77
Rank 5AVONEVanguard Russell 1000 ETFScore 77

Our read on each fund

ETF.net Research

IWBAiShares Russell 1000 ETF

SCHXASchwab U.S. Large-Cap ETF

In short

IWB The Russell 1000 in one ticker: US large caps plus the mid-cap tier underneath them. IWB has tracked that index since 2000, making it the veteran of the group, though newer clones now chase the same benchmark for less.

SCHX Schwab's no-frills large-cap core: roughly 800 US big names for three basis points, running since 2009. One of the cheapest tickets in a crowded category, and it hugs its index tightly.

Stated mandate

IWB The fund seeks to track the Russell 1000 Index and provides broad exposure to U.S. large- and mid-cap stocks.

SCHX The fund seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index.

Why people hold it

IWB One holding covers the Russell 1000, broad exposure to US large- and mid-cap stocks, so the megacap names and the tier below them arrive together.ishares.com
Trading since May 2000 and still actively traded, which is what keeps bid-ask spreads thin for everyday buyers.
Follows its index very closely, one of the tightest index-following records in its large-cap peer group.
A multi-billion-dollar iShares fund with a quarterly distribution schedule and no exotic structure: a plain 1940 Act ETF.

SCHX 0.03% a year, well under the typical US large-cap fund's fee. That is the kind of cost floor only the biggest fund shops can hold.
About 800 stocks tracking the Dow Jones U.S. Large-Cap Total Stock Market Index before fees. No themes, no screens, no manager hunches.schwabassetmanagement.com
Tracking has been among the tightest in its peer group: the fund delivers its index with very little slippage.
Live since 2009 and now a multi-billion-dollar fund that trades heavily, so spreads stay thin and the lights are unlikely to go out.

Worth knowing

IWB At 0.15% a year it sits above the peer median. VONE tracks the same Russell 1000 for 0.06%, and SCHX and VV run large-cap core mandates at 0.03%.
All equity, all US. There are no bonds or overseas names inside to soften a domestic large-cap drawdown.

SCHX Large caps only, despite the index name. Mid and small caps live in a separate fund, so this is one slice of the market, not all of it.
Three basis points is cheap, not free: BKLC in the same peer group runs at zero.
Dividends land quarterly, not monthly, which matters if you're building an income schedule.

Full IWB profile⁠

Full SCHX profile⁠

IWB vs SCHX Holdings

How IWB and SCHX differ

Overlap by weight

96.6%

Shared holdings make up 99.4% of SCHX and 97.4% of IWB.

Level by level

Holdings738 in both96.6%
Sector11 Sectors98.0%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in IWB and SCHX, widest gap first
Sector	More in IWBMore in SCHX	IWB	SCHX
Technology	SCHX +2.0 points	36.8%	38.8%
Industrials	IWB +0.8 points	8.9%	8.1%
Financials	IWB +0.4 points	12.1%	11.7%
Communication	IWB +0.3 points	8.8%	8.5%
Consumer Discretionary	IWB +0.2 points	9.1%	8.9%
Health Care	IWB +0.2 points	10.0%	9.8%
Consumer Staples	Same weight	4.6%	4.6%
Real Estate	Same weight	1.9%	1.9%
Energy	Same weight	3.8%	3.8%
Materials	Same weight	2.0%	2.0%
Utilities	Same weight	2.0%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in IWB and SCHX, widest gap first
Country	More in IWBMore in SCHX	IWB	SCHX
United States	SCHX +0.1 points	99.4%	99.5%
Switzerland	SCHX +0.1 points	0.2%	0.3%
China	SCHX +0.1 points	0.0%	0.1%
United Kingdom	Same weight	0.1%	0.1%
Brazil	IWB +0.1 points	0.1%	0.0%
Canada	IWB +0.1 points	0.1%	0.0%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
Other countries (4)	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

IWB34.5%
SCHX35.3%

Securities held

IWB1,024
SCHX753

Asset class

IWB: Equity
SCHX: Equity

Holdings

Only in IWB286
In both738
Only in SCHX15

Only in IWB

286 securities, 2.4% of IWB by weight

Spotify Technology0.13%
Anglogold Ashanti PLC0.06%
Nu Holdings Class A0.06%
Restaurants Brands International0.04%
Brookfield Asset Management Voting0.03%
Heico Class A0.03%
Southern Copper Corp0.02%
Viking Holdings Ltd0.02%
Halozyme Therapeutics0.02%
Gfl Environmental Subordinate Voti0.02%
Ascendis Pharma0.02%
Bitmine Immersion Technologies0.02%
Wayfair Class A0.02%
Ryder System0.02%
Qiagen0.01%
Ensign Group0.01%
American Healthcare Reit0.01%
Popular0.01%
Southstate Bank Corp0.01%
Wintrust Financial0.01%
New York Times Class A0.01%
Flowserve0.01%
Littelfuse0.01%
Affiliated Managers Group0.01%
Solstice Advanced Materials Inc0.01%
Watts Water Technologies Class A0.01%
Rambus0.01%
Allison Transmission Holdings0.01%
Brixmor Property Group Reit Inc0.01%
Viper Energy Inc Class A0.01%
Darling Ingredients0.01%
Primerica0.01%
Globus Medical Class A0.01%
Columbia Banking System Inc0.01%
Chord Energy0.01%
Oshkosh Corp0.01%
Hecla Mining0.01%
Gitlab Class A0.01%
Idacorp0.01%
Sanmina0.01%
Hanover Insurance Group0.01%
Iren0.01%
Prosperity Bancshares0.01%
Ugi0.01%
Arrowhead Pharmaceuticals0.01%
Sentinelone Inc Class A0.01%
Cleveland Cliffs Inc0.01%
Agree Realty Reit0.01%
Valmont Inds0.01%
Axis Capital Holdings0.01%

Only in SCHX

15 securities, 0.6% of SCHX by weight

Seagate Technology Holdings PLC0.23%
Nxp Semiconductors NV0.10%
Te Connectivity PLC0.09%
Ssc Government Mm Gvmxx0.06%
Amrize AG0.03%
Moog Inc Class A0.01%
Us Dollar0.01%
Autoliv0.01%
Erie Indemnity Class A<0.01%
Snap Inc Class A<0.01%
U Haul Non Voting Series N<0.01%
Skydance Shs Class B<0.01%
Cerebras Systems Inc Class A<0.01%
Joby Aviation Class A<0.01%
Mccormick & Co Voting<0.01%

Weight gaps

The 100 widest of 738 Holdings in both funds.

Holding weights in IWB and SCHX, widest gap first
Holding	More in IWBMore in SCHX	IWB	SCHX
NVIDIANVDA	SCHX +0.51 points	6.84%	7.35%
Intel CorporationINTC	SCHX +0.22 points	0.43%	0.65%
Space Exploration Technologies CorSPCX	SCHX +0.16 points	0.12%	0.28%
Broadcom IncAVGO	SCHX +0.16 points	2.17%	2.33%
Advanced Micro DevicesAMD	SCHX +0.13 points	1.18%	1.31%
AppleAAPL	SCHX +0.09 points	7.14%	7.23%
Micron TechnologyMU	SCHX +0.07 points	1.43%	1.50%
Amazon.com IncAMZN	SCHX +0.06 points	3.34%	3.40%
Eli LillyLLY	IWB +0.06 points	1.62%	1.56%
Tesla IncTSLA	IWB +0.05 points	1.67%	1.62%
Palantir Technologies Class APLTR	SCHX +0.05 points	0.59%	0.64%
MicrosoftMSFT	SCHX +0.04 points	5.55%	5.59%
SandiskSNDK	SCHX +0.04 points	0.24%	0.28%
Applied Material IncAMAT	SCHX +0.04 points	0.44%	0.48%
Exxonmobil Holdings CorpXOM	IWB +0.03 points	1.10%	1.07%
QualcommQCOM	SCHX +0.03 points	0.25%	0.28%
Alphabet Class AGOOGL	SCHX +0.03 points	2.34%	2.37%
Marvell TechnologyMRVL	SCHX +0.02 points	0.25%	0.27%
Morgan StanleyMS	SCHX +0.02 points	0.30%	0.32%
HeicoHEI	SCHX +0.03 points	0.02%	0.05%
Lam ResearchLRCX	SCHX +0.02 points	0.43%	0.45%
ChevronCVX	SCHX +0.02 points	0.63%	0.65%
Western Digital CorpWDC	SCHX +0.02 points	0.18%	0.20%
Lumentum HoldingsLITE	SCHX +0.03 points	0.09%	0.12%
OracleORCL	SCHX +0.02 points	0.32%	0.34%
Arista NetworksANET	SCHX +0.02 points	0.25%	0.27%
Dell Technologies Inc Class CDELL	SCHX +0.02 points	0.18%	0.20%
Meta Platforms Class AMETA	SCHX +0.02 points	1.94%	1.96%
Applovin Class AAPP	SCHX +0.02 points	0.08%	0.10%
Palo Alto NetworksPANW	SCHX +0.02 points	0.42%	0.44%
Crowdstrike Holdings Class ACRWD	SCHX +0.02 points	0.36%	0.38%
Regeneron PharmaceuticalsREGN	IWB +0.02 points	0.13%	0.11%
Caterpillar IncCAT	SCHX +0.01 points	0.41%	0.42%
AbbVieABBV	IWB +0.02 points	0.75%	0.73%
Cisco Systems IncCSCO	SCHX +0.02 points	0.59%	0.61%
Merck & Co IncMRK	IWB +0.02 points	0.53%	0.51%
Datadog Inc Class ADDOG	SCHX +0.02 points	0.11%	0.13%
SnowflakeSNOW	SCHX +0.01 points	0.15%	0.16%
Costco Wholesale CorpCOST	IWB +0.01 points	0.64%	0.63%
KlaKLAC	SCHX +0.01 points	0.30%	0.31%
Marathon PetroleumMPC	IWB +0.02 points	0.19%	0.17%
Ge AerospaceGE	SCHX +0.01 points	0.45%	0.46%
Goldman Sachs GroupGS	SCHX +0.01 points	0.37%	0.38%
Texas InstrumentTXN	SCHX +0.02 points	0.39%	0.41%
Cloudflare Class ANET	SCHX +0.01 points	0.13%	0.14%
Coca-ColaKO	IWB +0.01 points	0.52%	0.51%
ConocophillipsCOP	IWB +0.01 points	0.27%	0.26%
Berkshire Hathaway Inc Class BBRK.B	IWB +0.02 points	1.45%	1.43%
Gilead SciencesGILD	IWB +0.01 points	0.30%	0.29%
James Hardie Industries PLCJHX	SCHX +0.01 points	0.01%	0.02%
Bloom Energy Class ABE	SCHX +0.01 points	0.08%	0.09%
Accenture PLC Class AACN	IWB +0.01 points	0.23%	0.22%
Eaton PLCETN	SCHX +0.01 points	0.21%	0.22%
Fox Class AFOXA	SCHX +0.01 points	0.02%	0.03%
Illinois Tool IncITW	IWB +0.01 points	0.11%	0.10%
Illumina IncILMN	SCHX +0.01 points	0.05%	0.06%
Roblox Class ARBLX	SCHX +0.01 points	0.04%	0.05%
Alphabet Class CGOOG	SCHX +0.02 points	1.89%	1.91%
Verizon Communications IncVZ	IWB +0.01 points	0.27%	0.26%
Apollo Global ManagementAPO	SCHX +0.01 points	0.07%	0.08%
BlackRockBLK	IWB +0.01 points	0.25%	0.24%
Visa Class AV	IWB +0.01 points	1.00%	0.99%
CoherentCOHR	SCHX +0.01 points	0.06%	0.07%
StrykerSYK	SCHX +0.01 points	0.14%	0.15%
Linde PLCLIN	IWB +0.01 points	0.34%	0.33%
Robinhood Markets Class AHOOD	SCHX +0.01 points	0.09%	0.10%
Twilio Class ATWLO	SCHX +0.01 points	0.04%	0.05%
Amphenol Corp Class AAPH	SCHX +0.01 points	0.28%	0.29%
PepsicoPEP	IWB +0.01 points	0.27%	0.26%
Coreweave Class ACRWV	SCHX +0.01 points	0.02%	0.03%
SynopsysSNPS	SCHX +0.01 points	0.12%	0.13%
Reddit Class ARDDT	SCHX +0.01 points	0.02%	0.03%
Vertex PharmaceuticalsVRTX	IWB +0.01 points	0.20%	0.19%
Procter & GamblePG	IWB +0.01 points	0.54%	0.53%
Analog DevicesADI	SCHX +0.01 points	0.29%	0.30%
WalmartWMT	IWB +0.01 points	0.78%	0.77%
T Mobile Us IncTMUS	IWB +0.01 points	0.11%	0.10%
Bank of AmericaBAC	SCHX +0.01 points	0.46%	0.47%
Uber TechnologiesUBER	SCHX +0.01 points	0.18%	0.19%
Strategy Inc Class AMSTR	Same weight	0.07%	0.07%
Everpure Inc Class AP	Same weight	0.06%	0.06%
SalesforceCRM	SCHX +0.01 points	0.26%	0.27%
Astera LabsALAB	Same weight	0.06%	0.06%
NateraNTRA	SCHX +0.01 points	0.08%	0.09%
BoeingBA	Same weight	0.19%	0.19%
Mastercard Class AMA	IWB +0.01 points	0.74%	0.73%
Intuitive SurgicalISRG	SCHX +0.01 points	0.22%	0.23%
JPMorgan Chase & CoJPM	SCHX +0.01 points	1.29%	1.30%
Phillips 66PSX	Same weight	0.16%	0.16%
NewmontNEM	SCHX +0.01 points	0.16%	0.17%
Nextera EnergyNEE	IWB +0.01 points	0.25%	0.24%
Vertiv Holdings Class AVRT	Same weight	0.13%	0.13%
Johnson Controls International PLCJCI	SCHX +0.01 points	0.13%	0.14%
ServicenowNOW	SCHX +0.01 points	0.15%	0.16%
Freeport Mcmoran IncFCX	Same weight	0.13%	0.13%
Hewlett Packard EnterpriseHPE	SCHX +0.01 points	0.10%	0.11%
Valero Energy CorpVLO	Same weight	0.16%	0.16%
Automatic Data Processing IncADP	IWB +0.01 points	0.17%	0.16%
Amgen IncAMGN	IWB +0.01 points	0.36%	0.35%
PfizerPFE	IWB +0.01 points	0.25%	0.24%

All 1,024 IWB holdings⁠All 754 SCHX holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IWB vs SCHX Cost

Overpaying IWB vs SCHX

$2,499

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IWB 0.15%
$3,137
SCHX 0.03%
$638

Amount$10,000

Years30 years

Cost over time

IWB 0.15%
SCHX 0.03%
Overpaying

Year by year

Year	IWB	SCHX	Overpaying
10	$274	$55	$219
20	$1,071	$216	$855
30	$3,137	$638	$2,499

Expense ratio

0.15%IWB
0.03%SCHX, cheaper

SCHX0.03%IWB0.15%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

SCHX 3rd cheapest of 29 funds

IWB 11th cheapest of 29 funds

IWB vs SCHX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IWB 0.92%; SCHX 1.05%, better
Payout (12M): IWB $3.81; SCHX $0.31
Last payment: IWB $1.01; SCHX $0.08
Ex-dividend: IWB Sep 15, 2026; SCHX Sep 23, 2026
Paid on: IWB Sep 18, 2026; SCHX Sep 28, 2026
Frequency: IWB Quarterly; SCHX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWBQuarterly · 39 paymentsAll IWB payments⁠

SCHXQuarterly · 41 paymentsAll SCHX payments⁠

IWB vs SCHX Risk

Fall from peak · 5 years

IWB
SCHX

Risk facts

VolatilityStd dev, 3 years: IWB 12.5%SCHX 12.5%
Return per unit of riskSharpe ratio, 3 years: IWB 1.39SCHX 1.40, better
Worst fallMax drawdown, 5 years: IWB −25.2%, betterSCHX −25.4%
Market sensitivityBeta, 5 years: IWB 1.01SCHX 1.01; Market = 1

IWB and SCHX in the news

All news⁠

Category Review
Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.
Updated Oct 16, 2026IWBSCHX

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IWB vs SCHX

In short

Stated mandate

Why people hold it

Worth knowing

How IWB and SCHX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IWB

Only in SCHX

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.

How IWB and SCHX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IWB

Only in SCHX

Weight gaps