ETF Comparison

ITOT vs SCHB: Which Is the Better Pick in 2026?

A head-to-head comparison of iShares Core S&P Total U.S. Stock Market ETF and Schwab U.S. Broad Market ETF covering yield, cost, risk, and income potential.

Data updated July 4, 2026

iShares

ETFs481

Total AUM$4451B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

iShares is one of the largest ETF providers globally, known for offering a broad, diversified lineup of exchange-traded funds across multiple asset classes and investment strategies. The company operates 215 funds spanning 15 distinct families, including popular offerings in dividend income, covered call strategies, bonds, equities, ESG-focused investments, and factor-based approaches, with widely-held tickers like AGG (bond), ACWI (global equity), and AOA (allocation). iShares is characterized by its comprehensive fund ecosystem that serves both core portfolio holdings and specialized investment strategies, making it a prominent player for investors seeking both traditional and alternative income-generating ETF solutions.

See our curated list of related YouTube videos on ITOT.

See all iShares ETFs

Schwab

ETFs34

Total AUM$574B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Schwab is known for offering low-cost, broad-based ETFs that serve both core portfolio holdings and specialized investment strategies. Their 33-fund lineup spans multiple asset classes including bonds, equities, international markets, digital assets, and factor-based strategies, with a notable emphasis on dividend-focused funds like SCHD alongside core index options. The issuer emphasizes accessibility for individual investors through competitive expense ratios and a diverse range of fund families designed to support various investment objectives.

See our curated list of related YouTube videos on SCHB.

See all Schwab ETFs

Side-by-side snapshot

	ITOT	SCHB
Full name	iShares Core S&P Total U.S. Stock Market ETF	Schwab U.S. Broad Market ETF
Issuer	iShares	Schwab
Last Close	$163.76 as of July 4, 2026	$28.87 as of July 4, 2026
Distribution yield	1.02%	1.04%
Distribution Safety Score	37	85
Expense ratio	0.03%	0.03%
AUM	$91.4B	$42.3B
Distribution frequency	Quarterly	Quarterly
Underlying index	S&P Total Market Index	Dow Jones U.S. Broad Stock Market Index
Objective	Provide exposure to the fund's underlying index or strategy per issuer materials.	Provide exposure to the fund's underlying index or strategy per issuer materials.
Asset class	Equity	Equity
Inception date	01/20/2004	11/03/2009
Beta	1.04	1.04
Last dividend	$0.4190	$0.0753
Ex-dividend date	09/15/2026	06/24/2026

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

ITOT has outpaced SCHB over the trailing twelve months, posting a 22.64% total return against 22.27%. Over 10 years the two are effectively even, compounding at 14.93% and 14.93% a year. Figures are total returns: price change plus every distribution reinvested.

Symbol	YTD	1Y	3Y	5Y	10Y	Since Nov 2009	Volatility	Sharpe	Sortino	Max drawdown
ITOT	10.32%	22.64%	20.21%	12.03%	14.93%	14.38%	15.3%	0.91	1.31	-19.4%
SCHB	10.03%	22.27%	20.11%	12.02%	14.93%	14.36%	15.2%	0.92	1.32	-19.3%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 2, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Nov 2009” measures every fund from November 3, 2009 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Quick verdict

ITOT (iShares Core S&P Total U.S. Stock Market ETF) and SCHB (Schwab U.S. Broad Market ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

SCHB offers the higher yield at 1.04% vs 1.02% for ITOT. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

They track different benchmarks: ITOT is linked to S&P Total Market Index while SCHB tracks Dow Jones U.S. Broad Stock Market Index, which means their performance drivers differ.

ITOT is the larger fund by assets ($91.4B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, ITOT would generate roughly $8.50/month, while SCHB would produce $8.67/month, at current distribution rates. Both pay quarterly distributions.

ITOT yield1.02%

SCHB yield1.04%

Monthly diff on $10K$0.17

Cost & efficiency

Over 10 years on $10,000, ITOT would cost approximately $30 in fees vs $30 for SCHB (simplified, not compounded). Both charge the same expense ratio.

ITOT ER0.03%

SCHB ER0.03%

Strategy & risk

ITOT tracks S&P Total Market Index with an index approach, while SCHB tracks Dow Jones U.S. Broad Stock Market Index with an index approach.

ITOT beta1.04

SCHB beta1.04

Fund details

ITOT is managed by iShares (launched 01/20/2004) with $91.4B in assets. SCHB is managed by Schwab (launched 11/03/2009) with $42.3B in assets.

ITOT AUM$91.4B

SCHB AUM$42.3B

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Frequently asked questions

Is ITOT or SCHB better for dividend income?

It depends on your goals. SCHB currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between ITOT and SCHB?

ITOT (iShares Core S&P Total U.S. Stock Market ETF) tracks S&P Total Market Index with an index approach, while SCHB (Schwab U.S. Broad Market ETF) tracks Dow Jones U.S. Broad Stock Market Index with an index approach. They are issued by iShares and Schwab respectively.

Can I hold both ITOT and SCHB?

Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.

Which has lower fees, ITOT or SCHB?

ITOT and SCHB both charge the same expense ratio of 0.03%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.

How much income does $10,000 in ITOT vs SCHB generate?

At current rates, $10,000 in ITOT would generate roughly $8.50 per month ($102.00 annually). The same in SCHB would produce about $8.67 per month ($104.00 annually).

Which has performed better historically, ITOT or SCHB?

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ITOT vs SCHB — at a glance

Generated July 2026 from current fund data.

Overview

ITOT and SCHB are both broad-market U.S. equity ETFs designed to track the entire stock market with minimal fees. The key difference is their underlying index: ITOT follows the S&P Total Market Index, while SCHB tracks the Dow Jones U.S. Broad Stock Market Index. Both charge 0.03% annually and distribute dividends quarterly, but they differ modestly in size, inception date, and the subtle composition differences between their respective benchmarks.

How they differ

The two funds track different market-cap-weighted indexes, which creates minor but measurable differences in holdings. ITOT's S&P index and SCHB's Dow Jones index overlap substantially but weight individual stocks differently and may include or exclude micro-cap names at slightly different thresholds. ITOT is older (launched in 2004) and significantly larger at $91.4B in AUM versus SCHB's $42.3B, which typically means tighter bid-ask spreads and lower trading friction for ITOT. Both charge identical 0.03% expense ratios and report 1.04% betas, but ITOT's distribution rate is 1.02% compared to SCHB's 1.04%—a negligible spread reflecting the slight index differences rather than any structural divergence in strategy or fees.

Who each is best for

ITOT: Fits investors seeking maximum liquidity and the longest track record in a total-market vehicle. The larger asset base and earlier inception date appeal to those who prioritize established, stable index exposure with the tightest possible trading costs.

SCHB: Designed for investors with accounts at Schwab or those who value alignment with the Dow Jones methodology. The slightly higher distribution rate and solid $42.3B AUM make it a credible alternative for buy-and-hold investors indifferent to fund size or inception date.

Key risks to know

Index methodology drift: The S&P Total Market Index and Dow Jones U.S. Broad Stock Market Index apply different stock selection and weighting rules. Over time, these can cause performance to diverge, particularly in small- and micro-cap segments, though the correlation typically remains very high.

Concentration in mega-cap tech: Both funds hold the entire U.S. market, so both carry exposure to the outsized weight of mega-cap technology stocks. A significant market rotation away from large-cap growth could impact both similarly, though the degree of that exposure may vary slightly by index construction.

Liquidity in market stress: While both are highly liquid, ITOT's substantially larger AUM provides a structural advantage during volatile markets; SCHB may face wider spreads in extreme stress conditions, though this risk is modest for an ETF of its size.

Bottom line

If you prioritize the longest track record and largest asset base, ITOT stands out; if you're a Schwab client or indifferent to a $49B AUM difference, SCHB delivers equivalent broad-market exposure at the same cost. The index methodology differences are real but historically immaterial to performance. Past performance does not predict future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.