IWM vs SCHD
- 3 of 19 forces clearly differ
- Data through Oct 30, 2026
- Market move removed first
IWM and SCHD clearly differ on 3 of 19 forces. The widest gap is small vs large companies: in weeks when small companies beat large ones by 1 percentage point, IWM typically moved +1.0% and SCHD +0.43%.
| Economic force | IWMiShares Russell 2000 ETF | SCHDSchwab U.S. Dividend Equity ETF |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.8%−2.4% to −1.2%Clear | −1.4%−1.9% to −0.83%Clear |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +3.7%+1.7% to +5.7%Clear | +3.1%+1.7% to +4.6%Clear |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.55%−1.3% to +0.17%Not distinguishable from zero | −0.62%−1.2% to −0.06%Tentative |
| Oil and energyIn weeks when the price of oil rose 10% | −0.33%−0.77% to +0.11%Not distinguishable from zero | +0.18%−0.17% to +0.53%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.94%−2.2% to +0.28%Not distinguishable from zero | −0.80%−1.8% to +0.22%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.38%−1.5% to +0.69%Not distinguishable from zero | −0.10%−1.1% to +0.88%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.82%−1.3% to −0.37%Tentative | −0.47%−0.90% to −0.03%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.43%−0.27% to +1.1%Not distinguishable from zero | +0.24%−0.27% to +0.75%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.02%−0.45% to +0.40%Not distinguishable from zero | −0.12%−0.55% to +0.31%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.04%−0.40% to +0.33%Not distinguishable from zero | +0.10%−0.22% to +0.42%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.01%−0.03% to +0.01%Not distinguishable from zero | 0.00%−0.02% to +0.01%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.44%+0.05% to +0.84%Tentative | −0.30%−0.74% to +0.15%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | +1.0%+1.0% to +1.1%Clear | +0.43%+0.32% to +0.55%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.54%+0.38% to +0.70%Clear | +0.69%+0.62% to +0.76%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | +0.12%−0.04% to +0.27%Not distinguishable from zero | −0.35%−0.50% to −0.20%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.5%−2.5% to −0.50%Tentative | −0.43%−1.4% to +0.54%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.06%−0.39% to +0.51%Not distinguishable from zero | −0.02%−0.44% to +0.40%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.14%+0.01% to +0.26%Tentative | −0.08%−0.23% to +0.08%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage pointClear difference | −0.07%−0.13% to −0.01%Tentative | +0.07%+0.01% to +0.14%Tentative |
Each figure is the stock's typical move in a week when the force moved by the stated amount, after accounting for the stock market, with its 90% range beneath. Grey figures could not be told apart from zero. A row is marked a clear difference only when the two 90% ranges do not overlap.
This describes the past, and it is not a forecast. Relationships change, and nothing here is a recommendation to buy, sell or hold any security.