IWV vs SCHB: Grades, Fees and Holdings Compared

iShares Russell 3000 ETF

IWVBNYSE Arca

Schwab U.S. Broad Market ETF

SCHBANYSE Arca

Overlap

98.2%by weight

Expense ratio

SCHB −0.17pt a year

IWV0.20%SCHB0.03%

Avg volume · 30D

SCHB 50.3×the volume

IWV191KSCHB9.59M

10Y return · a year

IWV +0.8pt

IWV+14.5%SCHB+13.7%

IWV vs SCHB Performance

Nov 9, 2021 – Nov 9, 2026

+63.9%IWV+64.5%SCHB

Expense ratio: IWV 0.20%; SCHB 0.03%, better
Fund size: IWV $19.7B; SCHB $43.2B
1Y total return: IWV +13.5%; SCHB +13.5%
Yield (12M): IWV 0.88%; SCHB 1.06%, better
Holdings: IWV 2583; SCHB 2413
Avg volume (30D): IWV 191K sh; SCHB 9.59M sh, better
NAV per share: IWV $417.86; SCHB $28.30
52W range

ETF.net Grade

Pillar letters and Scores for IWV, SCHB, with each pillar’s weight
Pillar	IWV	SCHB
Cost30% weight	D29	A75Higher
Mission25% weight	A100Higher	A99
Risk15% weight	C48	C48
Tradability15% weight	B55	A70Higher
Holdings10% weight	A80Higher	A73
Durability5% weight	A73Higher	B69

Rank among Total US Market funds

How we build Categories ›

Same Category. IWV and SCHB are both graded against the same 10 Total US Market funds, so their Grades compare head to head.

Total US Market⁠

Category · 10 funds

See all 10 ›

SCHB ranks 2nd and IWV 7th of 10 funds in the Total US Market Category.

Rank 1AITOTiShares Core S&P Total U.S. Stock Market ETFScore 78
Rank 2ASCHBSchwab U.S. Broad Market ETFScore 75
Rank 3ASPTMState Street SPDR Portfolio S&P 1500 Composite Stock Market ETFScore 73
Rank 6BDFUSDimensional U.S. Equity ETFScore 65
Rank 7BIWViShares Russell 3000 ETFScore 60
Rank 8BVTHRVanguard Russell 3000 ETFScore 59

Our read on each fund

ETF.net Research

IWVBiShares Russell 3000 ETF

SCHBASchwab U.S. Broad Market ETF

In short

IWV One of the first ETFs to put the entire US stock market in a single ticker, live since 2000 and still hugging the Russell 3000. The trade-off is a legacy price tag: newer total-market rivals cost a fraction of it.

SCHB Schwab's one-ticket slice of nearly the whole US market: roughly 2,400 stocks for 0.03% a year, half the typical fee among total-market rivals. Running since 2009, with one of the tightest index-tracking records in its peer group.

Stated mandate

IWV The fund seeks to track a broad U.S. equity-market index, the Russell 3000 Index.

SCHB The fund seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Broad Stock Market Index.

Why people hold it

IWV Trading since 2000, one of the original whole-market wrappers, and it still holds the Russell 3000 top to bottom: mega caps down to small caps in one line item.
Tracking is its strong suit. It has followed the Russell 3000 about as tightly as anything in the total-US-market group.
A multi-billion-dollar fund with steady day-to-day volume, so getting a fill is rarely the hard part.
Boring by design: a plain 1940 Act index fund holding US stocks, mailing out cash quarterly.

SCHB 0.03% a year, half the 0.06% median for its total-market cohort. Three dollars a year per $10,000 invested.
Tracks the Dow Jones U.S. Broad Stock Market Index tightly, among the closest index replication in its peer group.schwabassetmanagement.com
A multi-billion-dollar fund and one of the most actively traded in its category, which usually means narrow bid-ask spreads for buyers and sellers.
Live since 2009, with a quarterly dividend cadence and roughly 2,400 holdings behind it.

Worth knowing

IWV The fee is the story. At 0.20% a year it runs well above the typical total-market ETF, and VTHR tracks the same Russell 3000 index for 0.06%.
VTI, ITOT and SCHB deliver comparable whole-market coverage at 0.03%. You are paying up for the Russell build, not for broader reach.
Straight equity beta: no buffer, no hedge, no cushion. When the US market drops, this drops with it.

SCHB Not the cheapest ticket in the cohort: BBUS charges 0.02%. At these levels the gap is pennies, but it exists.
Broad, not exhaustive. Roughly 2,400 stocks covers the bulk of the US market rather than every listed company.
Pure equity exposure with no hedge or buffer, so it moves with the full US market in both directions.

Full IWV profile⁠

Full SCHB profile⁠

IWV vs SCHB Holdings

How IWV and SCHB differ

Overlap by weight

98.2%

Shared holdings make up 99.4% of SCHB and 99.0% of IWV.

Level by level

Holdings2,272 in both98.2%
Sector11 Sectors99.0%
Asset classStocks100%
Countryby domicile99.8%

Sector

Sector weights in IWV and SCHB, widest gap first
Sector	Gap	IWV	SCHB
Technology	SCHB +0.9 points	33.9%	34.8%
Financials	IWV +0.3 points	13.0%	12.7%
Consumer Discretionary	IWV +0.2 points	9.9%	9.7%
Communication	IWV +0.2 points	8.4%	8.2%
Health Care	IWV +0.2 points	11.2%	11.0%
Industrials	SCHB +0.1 points	8.6%	8.7%
Consumer Staples	IWV +0.1 points	4.9%	4.8%
Materials	IWV +0.1 points	2.0%	1.9%
Real Estate	IWV +0.1 points	2.4%	2.3%
Utilities	Same weight	2.1%	2.1%
Energy	Same weight	3.7%	3.7%

Country, concentration and asset class

Country by domicile

Country weights in IWV and SCHB, widest gap first
Country	Gap	IWV	SCHB
United States	Same weight	99.4%	99.4%
Switzerland	Same weight	0.3%	0.3%
Brazil	IWV +0.1 points	0.1%	0.0%
Canada	IWV +0.1 points	0.1%	0.0%
United Kingdom	Same weight	0.1%	0.1%
China	SCHB +0.1 points	0.0%	0.1%
Mexico	Same weight	0.0%	0.0%
Ireland	Same weight	0.0%	0.0%
Other countries (5)	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

IWV33.4%
SCHB33.6%

Securities held

IWV2,580
SCHB2,412

Asset class

IWV: Stocks
SCHB: Stocks

Holdings

Only in IWV308
In both2,272
Only in SCHB140

Only in IWV

308 securities, 0.9% of IWV by weight

Spotify Technology0.13%
Anglogold Ashanti PLC0.07%
Nu Holdings Class A0.06%
Restaurants Brands International0.04%
Brookfield Asset Management Voting0.03%
Heico Class A0.03%
Southern Copper Corp0.02%
Gfl Environmental Subordinate Voti0.02%
Viking Holdings Ltd0.02%
Ascendis Pharma0.02%
Jfrog0.02%
Qiagen0.01%
Moog Inc Class A0.01%
On Holding AG Class A0.01%
Fox Class B0.01%
Millicom International Cellular0.01%
Iren0.01%
Ssr Mining<0.01%
Xp Class A Inc<0.01%
Amer Sports Inc<0.01%
Brookfield Infrastructure Corp Cla<0.01%
U Haul Non Voting Series N<0.01%
Amdocs<0.01%
Globalfoundries<0.01%
Brookfield Renewable Subordinate V<0.01%
Marex Group Ltd<0.01%
Kilroy Realty Reit<0.01%
Golar Lng<0.01%
Jbs N V NV Class A<0.01%
Kiniksa Pharmaceuticals Internatio<0.01%
Scorpio Tankers<0.01%
Xenon Pharmaceuticals<0.01%
News Class B<0.01%
Dht Holdings<0.01%
Aura Minerals Inc<0.01%
Freedom Holding Corp<0.01%
Constellium SE Class A<0.01%
Liberty Media Series A<0.01%
Aurinia Pharmaceuticals<0.01%
Howard Hughes Holdings Inc<0.01%
Novagold Resources Inc<0.01%
Bank of Nt Butterfield & Son Ltd<0.01%
Teekay Tankers Ltd Class A<0.01%
Brookfield Business Corp Class A<0.01%
Birkenstock Holding PLC<0.01%
Energy Fuels<0.01%
Globant<0.01%
Liberty Live Holdings Inc Series A<0.01%
Establishment Labs<0.01%
Almonty Industries<0.01%

Only in SCHB

140 securities, 0.6% of SCHB by weight

Seagate Technology Holdings PLC0.15%
Nxp Semiconductors NV0.09%
Te Connectivity PLC0.08%
Ssc Government Mm Gvmxx0.04%
Amrize AG0.03%
Moog Inc Class A0.01%
Autoliv0.01%
Erie Indemnity Class A<0.01%
Venture Global Class A<0.01%
Snap Inc Class A<0.01%
U Haul Non Voting Series N<0.01%
Federated Hermes Inc Class B<0.01%
Warner Music Group Class A<0.01%
Skydance Shs Class B<0.01%
Octave Intelligence PLC Class B<0.01%
Netskope Class A<0.01%
Brady Nonvoting Class A<0.01%
Cerebras Systems Inc Class A<0.01%
Symbotic Class A<0.01%
Billiontoone Class A<0.01%
Levi Strauss Class A<0.01%
Arxis Class A<0.01%
Madison Air Solutions Corp Class A<0.01%
Trulieve Cannabis Subordinate Voti<0.01%
Ionic Digital Inc Class A<0.01%
Equipmentshare Com Inc Class A<0.01%
Solaredge Technologies<0.01%
Ezcorp Non Voting Inc Class A<0.01%
Uniqure<0.01%
Andersen Group Inc Class A<0.01%
Uranium Royalty Corp<0.01%
Mobileye Global Inc Class A<0.01%
Securitize Corp<0.01%
Ethos Technologies Inc Class A<0.01%
Twenty One Capital Inc Class A<0.01%
Tootsie Roll Industries<0.01%
Hagerty Inc Class A<0.01%
Obsidian Therapeutics Inc<0.01%
Mccormick & Co Voting<0.01%
Oppenheimer Holdings Non Voting Class<0.01%
Freenome<0.01%
Virgin Galactic Holdings Inc Shs C<0.01%
Alight Inc Class A<0.01%
Atlanticus Holdings Corp<0.01%
Northpointe Bancshares Inc<0.01%
Reformation<0.01%
Republic Airways Holdings<0.01%
Faeth Therapeutics Inc<0.01%
Kardigan Inc<0.01%
Alamar Biosciences Inc<0.01%

Weight gaps

The 100 widest of 2,272 Holdings in both funds.

Holding weights in IWV and SCHB, widest gap first
Holding	Gap	IWV	SCHB
NVIDIANVDA	SCHB +0.19 points	6.15%	6.34%
Space Exploration Technologies CorSPCX	SCHB +0.14 points	0.12%	0.26%
Tesla IncTSLA	IWV +0.06 points	1.48%	1.42%
MicrosoftMSFT	IWV +0.04 points	5.57%	5.53%
ChevronCVX	SCHB +0.03 points	0.56%	0.59%
Broadcom IncAVGO	SCHB +0.03 points	1.93%	1.96%
OracleORCL	SCHB +0.03 points	0.29%	0.32%
Intel CorporationINTC	SCHB +0.03 points	0.36%	0.39%
HeicoHEI	SCHB +0.03 points	0.02%	0.04%
AppleAAPL	SCHB +0.02 points	6.99%	7.01%
Amazon.com IncAMZN	SCHB +0.02 points	3.55%	3.57%
Morgan StanleyMS	SCHB +0.01 points	0.29%	0.30%
Applovin Class AAPP	SCHB +0.02 points	0.13%	0.15%
BlackRockBLK	IWV +0.01 points	0.25%	0.24%
JPMorgan Chase & CoJPM	IWV +0.01 points	1.26%	1.25%
Palantir Technologies Class APLTR	SCHB +0.02 points	0.50%	0.52%
James Hardie Industries PLCJHX	SCHB +0.01 points	0.01%	0.02%
Alphabet Class CGOOG	IWV +0.02 points	1.91%	1.89%
Illinois Tool IncITW	IWV +0.01 points	0.11%	0.10%
Fox Class AFOXA	SCHB +0.01 points	0.02%	0.03%
Medtronic PLCMDT	IWV +0.01 points	0.18%	0.17%
Berkshire Hathaway Inc Class BBRK.B	IWV +0.01 points	1.50%	1.49%
Marathon PetroleumMPC	IWV +0.01 points	0.16%	0.15%
Lumentum HoldingsLITE	SCHB +0.01 points	0.06%	0.07%
Apollo Global ManagementAPO	SCHB +0.01 points	0.07%	0.08%
Exxonmobil Holdings CorpXOM	Same weight	0.96%	0.96%
Booking HoldingsBKNG	IWV +0.01 points	0.18%	0.17%
WalmartWMT	Same weight	0.78%	0.78%
BoeingBA	Same weight	0.19%	0.19%
Uber TechnologiesUBER	SCHB +0.01 points	0.19%	0.20%
AbbVieABBV	IWV +0.01 points	0.73%	0.72%
Johnson & JohnsonJNJ	IWV +0.01 points	0.94%	0.93%
UnitedHealth GroupUNH	Same weight	0.50%	0.50%
Eli LillyLLY	IWV +0.01 points	1.53%	1.52%
Western Digital CorpWDC	Same weight	0.13%	0.13%
Meta Platforms Class AMETA	Same weight	1.89%	1.89%
Coca-ColaKO	IWV +0.01 points	0.53%	0.52%
SalesforceCRM	SCHB +0.01 points	0.24%	0.25%
Ingersoll RandIR	IWV +0.01 points	0.05%	0.04%
ConocophillipsCOP	Same weight	0.23%	0.23%
Digital Realty Trust ReitDLR	Same weight	0.09%	0.09%
Ares Management Class AARES	Same weight	0.04%	0.04%
Merck & Co IncMRK	Same weight	0.51%	0.51%
Cisco Systems IncCSCO	Same weight	0.52%	0.52%
Coreweave Class ACRWV	SCHB +0.01 points	0.02%	0.03%
AT&TT	SCHB +0.01 points	0.20%	0.21%
LIFE360LIF	SCHB +0.01 points	<0.01%	<0.01%
VistraVST	Same weight	0.06%	0.06%
Micron TechnologyMU	IWV +0.01 points	1.10%	1.09%
Procter & GamblePG	Same weight	0.54%	0.54%
Thermo Fisher ScientificTMO	Same weight	0.36%	0.36%
Charles SchwabSCHW	Same weight	0.21%	0.21%
Ge VernovaGEV	Same weight	0.29%	0.29%
Costco Wholesale CorpCOST	Same weight	0.66%	0.66%
Walt DisneyDIS	IWV +0.01 points	0.29%	0.28%
Vivmark ResidentialVMRK	Same weight	0.07%	0.07%
SnowflakeSNOW	Same weight	0.13%	0.13%
Karman Holdings IncKRMN	SCHB +0.01 points	<0.01%	<0.01%
Verizon Communications IncVZ	Same weight	0.27%	0.27%
News Class ANWSA	SCHB +0.01 points	0.01%	0.02%
Bloom Energy Class ABE	Same weight	0.07%	0.07%
Liberty Media Series CFWONK	SCHB +0.01 points	0.03%	0.04%
Keurig Dr Pepper IncKDP	Same weight	0.07%	0.07%
Bunge Global SABG	Same weight	0.02%	0.02%
S&P GlobalSPGI	SCHB +0.01 points	0.19%	0.20%
Liberty Live Holdings Inc Series CLLYVK	Same weight	<0.01%	0.01%
Brown Forman Class BBF.B	Same weight	<0.01%	<0.01%
Mastercard Class AMA	Same weight	0.74%	0.74%
DanaherDHR	IWV +0.01 points	0.21%	0.20%
Philip Morris InternationalPM	IWV +0.01 points	0.44%	0.43%
Pitney BowesPBI	Same weight	0.00%	<0.01%
Revolution MedicinesRVMD	Same weight	0.05%	0.05%
Eog ResourcesEOG	Same weight	0.11%	0.11%
Carrier GlobalCARR	Same weight	0.06%	0.06%
Principal Financial Group IncPFG	Same weight	0.03%	0.03%
NateraNTRA	Same weight	0.06%	0.06%
Central Bancompany Class ACBC	Same weight	<0.01%	<0.01%
Marriott International Class AMAR	IWV +0.01 points	0.13%	0.12%
Fedex Freight Holding Company IncFDXF	Same weight	0.02%	0.02%
Home DepotHD	Same weight	0.48%	0.48%
Hinge Health Class AHNGE	Same weight	<0.01%	<0.01%
SynopsysSNPS	Same weight	0.12%	0.12%
Invitation HomesINVH	Same weight	0.02%	0.02%
Medline Class AMDLN	Same weight	0.03%	0.03%
Carvana Class ACVNA	Same weight	0.07%	0.07%
Wells FargoWFC	Same weight	0.36%	0.36%
Delta Air LinesDAL	IWV +0.01 points	0.08%	0.07%
Everpure Inc Class AP	SCHB +0.01 points	0.04%	0.05%
Crowdstrike Holdings Class ACRWD	Same weight	0.31%	0.31%
Royalty Pharma PLC Class ARPRX	Same weight	0.04%	0.04%
Alphabet Class AGOOGL	SCHB +0.01 points	2.34%	2.35%
First Citizens Bancshares Class AFCNCA	Same weight	0.03%	0.03%
Regeneron PharmaceuticalsREGN	IWV +0.01 points	0.13%	0.12%
Capital One Financial CorpCOF	Same weight	0.17%	0.17%
Invesco LtdIVZ	SCHB +0.01 points	0.01%	0.02%
Coupang Class ACPNG	Same weight	0.03%	0.03%
Gilead SciencesGILD	Same weight	0.29%	0.29%
General Dynamics CorpGD	Same weight	0.13%	0.13%
Monolithic Power Systems IncMPWR	Same weight	0.08%	0.08%
Moodys CorpMCO	Same weight	0.11%	0.11%

All 2,588 IWV holdings⁠All 2,420 SCHB 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.

IWV vs SCHB Cost

Overpaying IWV vs SCHB

$3,517

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

IWV 0.20%
$4,155
SCHB 0.03%
$638

Amount$10,000

Years30 years

Cost over time

IWV 0.20%
SCHB 0.03%
Overpaying

Year by year

Year	IWV	SCHB	Overpaying
10	$365	$55	$310
20	$1,421	$216	$1,205
30	$4,155	$638	$3,517

Expense ratio

0.20%IWV
0.03%SCHB, cheaper

SCHB0.03%IWV0.20%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

SCHB 2nd cheapest of 10 funds

IWV 8th cheapest of 10 funds

IWV vs SCHB Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IWV 0.88%; SCHB 1.06%, better
Payout (12M): IWV $3.79; SCHB $0.31
Last payment: IWV $1.00; SCHB $0.08
Ex-dividend: IWV Sep 15, 2026; SCHB Sep 23, 2026
Paid on: IWV Sep 18, 2026; SCHB Sep 28, 2026
Frequency: IWV Quarterly; SCHB Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWVQuarterly · 39 paymentsAll IWV payments⁠

SCHBQuarterly · 24 paymentsAll SCHB payments⁠

IWV vs SCHB Risk

Fall from peak · 5 years

IWV
SCHB

Risk facts

VolatilityStd dev, 3 years: IWV 12.6%, betterSCHB 12.7%
Return per unit of riskSharpe ratio, 3 years: IWV 1.36SCHB 1.36
Worst fallMax drawdown, 5 years: IWV −25.1%, betterSCHB −25.4%
Market sensitivityBeta, 5 years: IWV 1.02SCHB 1.03; Market = 1

IWV and SCHB in the news

All news⁠

Best ETFs
The best S&P 500 ETF costs 0.02%. Equal weight is a different bet
Updated Nov 2, 2026SCHB
Deep Dive
VTI tracks the total U.S. stock market - large caps are 69.8% of it
Oct 22, 2026SCHB

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IWV vs SCHB

In short

Stated mandate

Why people hold it

Worth knowing

How IWV and SCHB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IWV

Only in SCHB

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best S&P 500 ETF costs 0.02%. Equal weight is a different bet

VTI tracks the total U.S. stock market - large caps are 69.8% of it

How IWV and SCHB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IWV

Only in SCHB

Weight gaps