ITOT vs SCHB: returns, risk and drawdowns compared
iShares Core S&P Total U.S. Stock Market ETF against Schwab U.S. Broad Market ETF, over the same 16 years (December 2009 to October 2026) with dividends reinvested.
Data updated October 2026
From December 2009 to October 2026, ITOT returned 13.5% a year and SCHB 12.6% a year on average, so ITOT came out ahead by 0.9% a year. SCHB was the more volatile of the two (14.8% against 14.7% a year), and the deepest falls from a month-end high were 24.8% for ITOT and 25.4% for SCHB.
The correlation of monthly returns was 1.00: they moved almost in lockstep. Over 168 rolling 3-year periods, ITOT did better in 100% and SCHB in 0%.
Side by side
| ITOT | SCHB | |
|---|---|---|
| Annual return (CAGR) | +13.5% | +12.6% |
| Total return | +751% | +642% |
| Annual volatility | 14.7% | 14.8% |
| Maximum drawdown (month-end) | −24.8% | −25.4% |
| Worst month | −13.9% | −14.3% |
| Best month | +13.2% | +13.3% |
| Positive months | 68% | 66% |
| Best year | 2013: +31.8% | 2013: +31.2% |
| Worst year | 2022: −19.5% | 2022: −20.3% |
| 1-year return | +15.7% | +16.0% |
| 5 years, a year | +11.5% | +10.9% |
| 10 years, a year | +14.8% | +13.7% |
| Trading currency | USD | USD |
First nine rows: the same 203 months for both funds. Trailing returns: to each fund’s last close.
Growth of 10,000: ITOT vs SCHB
Returns by calendar year
| Year | ITOT | SCHB |
|---|---|---|
| 2025 | +17.0% | +16.9% |
| 2024 | +23.8% | +23.2% |
| 2023 | +26.1% | +24.9% |
| 2022 | −19.5% | −20.3% |
| 2021 | +25.7% | +24.5% |
| 2020 | +20.7% | +18.8% |
| 2019 | +30.7% | +28.7% |
| 2018 | −5.3% | −6.8% |
| 2017 | +21.4% | +19.4% |
| 2016 | +12.1% | +10.8% |
| 2015 | −0.1% | −1.2% |
| 2014 | +12.2% | +11.5% |
| 2013 | +31.8% | +31.2% |
| 2012 | +14.7% | +14.3% |
| 2011 | +0.8% | −0.2% |
| 2010 | +15.2% | +15.6% |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
The comparison uses only the months in which both funds have prices, so the figures cover the same period even when one fund is older.
Questions
Which has returned more, ITOT or SCHB?
From December 2009 to October 2026, ITOT returned +13.5% a year and SCHB +12.6% a year, with dividends reinvested. Over rolling 3-year periods ITOT did better in 100% of cases. Past returns do not predict future returns.
Which is riskier, ITOT or SCHB?
Over the same months annual volatility was 14.7% for ITOT and 14.8% for SCHB; the deepest fall from a month-end high was 24.8% and 25.4%, and the worst single month −13.9% and −14.3%.
How correlated are ITOT and SCHB?
The correlation of their monthly returns was 1.00: they moved almost in lockstep. Holding both adds little diversification compared with holding one.
More comparisons
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.