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IWM vs SCHA: Performance & Backtest Comparison
SCHA delivered the higher return - 13.02% CAGR vs 11.93% - over 2009-12-31 → 2026-06-30.
Growth comparison
Drawdown
Annual returns
| IWM | SCHA | |
|---|---|---|
| Name | iShares Russell 2000 Index Fund | Schwab U.S. Small-Cap ETF |
| CAGR | 11.93% | 13.02% |
| Total return | 548.63% | 661.52% |
| Volatility | 19.57% | 19.19% |
| Max drawdown | -32.29%Mar 2020 | -31.57%Mar 2020 |
| Sharpe | 0.60 | 0.66 |
| Sortino | 0.93 | 0.98 |
| Best year | 38.69% | 39.51% |
| Worst year | -20.48% | -19.24% |
| Final balance | $64,863 | $76,152 |
Correlation of monthly returns: 0.99. Wondering if you need both? Check their fund overlap →
All figures are total returns: every dividend and distribution is reinvested on its ex-date, and prices are split-adjusted. See the methodology.
Frequently asked questions
Which has performed better, IWM or SCHA?
Over 2009-12-31 to 2026-06-30, SCHA performed better: 13.02% annualized versus 11.93% for IWM, with dividends reinvested. Past performance does not guarantee future results.
How similar are IWM and SCHA?
Their monthly returns have a correlation of 0.99 over the common period. IWM is iShares Russell 2000 Index Fund; SCHA is Schwab U.S. Small-Cap ETF.
Which is riskier, IWM or SCHA?
Over the common period IWM had 19.57% annualized volatility and a -32.29% max drawdown, versus 19.19% and -31.57% for SCHA.