PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BKF vs. SCHE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BKF vs. SCHE

Last updated Aug 4, 2026
Documentation

BKF (iShares MSCI BRIC ETF) and SCHE (Schwab Emerging Markets Equity ETF) are both Emerging Markets Equities funds - BKF tracks the MSCI BRIC Index while SCHE tracks the FTSE Emerging Index. Both are passively managed. Over the past 10 years, BKF returned 4.35%/yr vs 7.77%/yr for SCHE. Their correlation of 0.94 means they have usually moved in the same direction. BKF charges 0.69%/yr vs 0.11%/yr for SCHE.

Performance

BKF vs. SCHE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI BRIC ETF (BKF) and Schwab Emerging Markets Equity ETF (SCHE). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BKF achieves a -5.54% return, which is significantly lower than SCHE's 10.49% return. Over the past 10 years, BKF has underperformed SCHE with an annualized return of 4.35%, while SCHE has yielded a comparatively higher 7.77% annualized return.

BKF

1D
0.32%
1M
6.30%
6M
-8.32%
YTD
-5.54%
1Y
2.20%
3Y*
6.64%
5Y*
-1.78%
10Y*
4.35%
ALL TIME*
0.21%

SCHE

1D
0.31%
1M
0.81%
6M
4.61%
YTD
10.49%
1Y
22.61%
3Y*
16.16%
5Y*
6.03%
10Y*
7.77%
ALL TIME*
4.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BKF

iShares MSCI BRIC ETF
$152.87K$247.53K$560.11K

SCHE

Schwab Emerging Markets Equity ETF
$121.41M$116.65M$117.06M

BKF vs. SCHE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BKF
iShares MSCI BRIC ETF		-5.54%22.30%9.24%1.27%-21.78%-11.87%16.52%22.93%-13.80%41.80%
SCHE
Schwab Emerging Markets Equity ETF		10.49%26.54%10.60%8.93%-17.84%-0.65%14.49%20.31%-13.57%32.70%

Correlation

The correlation between BKF and SCHE is 0.83, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.83

Correlation (3Y)
Balances recent behavior with more history.

0.88

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.92

Correlation (10Y)
Provides a long-term view across more market conditions.

0.94

Correlation (All Time)
Calculated using the full available price history since Jan 14, 2010

0.94

The correlation between BKF and SCHE shifts across timeframes, from 0.83 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.

BKF vs. SCHE - Sectors Allocation Comparison

Sectors
BKF
SCHE

Financial Services

25.2%
21.1%

Consumer Cyclical

17.8%
8.9%

Communication Services

12.1%
7.1%

Technology

9.0%
33.8%

Industrials

7.7%
6.8%

Basic Materials

7.4%
7.0%

Energy

6.5%
4.2%

Healthcare

5.3%
3.4%

Consumer Defensive

4.0%
3.3%

Utilities

3.5%
2.8%

Real Estate

1.3%
1.6%

Financial Services

BKF
25.2%
SCHE
21.1%

Consumer Cyclical

BKF
17.8%
SCHE
8.9%

Communication Services

BKF
12.1%
SCHE
7.1%

Technology

BKF
9.0%
SCHE
33.8%

Industrials

BKF
7.7%
SCHE
6.8%

Basic Materials

BKF
7.4%
SCHE
7.0%

Energy

BKF
6.5%
SCHE
4.2%

Healthcare

BKF
5.3%
SCHE
3.4%

Consumer Defensive

BKF
4.0%
SCHE
3.3%

Utilities

BKF
3.5%
SCHE
2.8%

Real Estate

BKF
1.3%
SCHE
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI BRIC ETF

Schwab Emerging Markets Equity ETF

Often compared with BKF:
BKF vs. VWOBKF vs. FPADXBKF vs. SPYBKF vs. VOOBKF vs. FSPSXBKF vs. VBBKF vs. PRMSX
Often compared with SCHE:
SCHE vs. SCHFSCHE vs. VWOSCHE vs. IEMGSCHE vs. FNDESCHE vs. SWISXSCHE vs. SFENXSCHE vs. EEM

Return for Risk

BKF vs. SCHE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
BKF
BKF Risk / Return Rank: 1313
Overall Rank
BKF Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
BKF Sortino Ratio Rank: 1313
Sortino Ratio Rank
BKF Omega Ratio Rank: 1313
Omega Ratio Rank
BKF Calmar Ratio Rank: 1313
Calmar Ratio Rank
BKF Martin Ratio Rank: 1313
Martin Ratio Rank
SCHE
SCHE Risk / Return Rank: 5252
Overall Rank
SCHE Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
SCHE Sortino Ratio Rank: 4848
Sortino Ratio Rank
SCHE Omega Ratio Rank: 5151
Omega Ratio Rank
SCHE Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHE Martin Ratio Rank: 5555
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BKF vs. SCHE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI BRIC ETF (BKF) and Schwab Emerging Markets Equity ETF (SCHE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BKFSCHEDifference
Sharpe ratioReturn per unit of total volatility
0.14
1.26

-1.13

Sortino ratioReturn per unit of downside risk
0.31
1.79

-1.48

Omega ratioGain probability vs. loss probability

1.04

1.23

-0.20

Calmar ratioReturn relative to maximum drawdown

0.14

2.01

-1.87

Martin ratioReturn relative to average drawdown

0.30

6.65

-6.35

BKF vs. SCHE - Sharpe Ratio Comparison

The current BKF Sharpe Ratio is 0.14, which is lower than the SCHE Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of BKF and SCHE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

BKF vs. SCHE - Drawdown Comparison

The maximum BKF drawdown since its inception was -70.29%, which is greater than SCHE's maximum drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for BKF and SCHE.

Loading charts...

Drawdown Indicators

BKFSCHEDifference

Max Drawdown

Largest peak-to-trough decline

-70.29%

-36.20%

-34.09%

Max Drawdown (1Y)

Largest decline over 1 year

-15.45%

-11.29%

-4.16%

Max Drawdown (3Y)

Largest decline over 3 years

-18.60%

-17.08%

-1.52%

Max Drawdown (5Y)

Largest decline over 5 years

-40.90%

-31.38%

-9.52%

Max Drawdown (10Y)

Largest decline over 10 years

-49.20%

-36.20%

-13.00%

Current Drawdown

Current decline from peak

-23.50%

-2.83%

-20.67%

Average Drawdown

Average peak-to-trough decline

-28.09%

-12.50%

-15.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.31%

3.41%

+3.90%

Volatility

BKF vs. SCHE - Volatility Comparison

The current volatility for iShares MSCI BRIC ETF (BKF) is 3.78%, while Schwab Emerging Markets Equity ETF (SCHE) has a volatility of 5.69%. This indicates that BKF experiences smaller price fluctuations and is considered to be less risky than SCHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BKFSCHEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.78%

5.69%

-1.91%

Volatility (6M)

Calculated over the trailing 6-month period

12.65%

15.43%

-2.78%

Volatility (1Y)

Calculated over the trailing 1-year period

16.02%

18.01%

-1.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.33%

17.87%

+3.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.68%

19.45%

+2.23%

BKF vs. SCHE - Expense Ratio Comparison

BKF has a 0.69% expense ratio, which is higher than SCHE's 0.11% expense ratio.

Dividends

BKF vs. SCHE - Dividend Comparison

BKF's dividend yield for the trailing twelve months is around 1.54%, less than SCHE's 2.63% yield.

PositionTTM20252024202320222021202020192018201720162015
BKF
iShares MSCI BRIC ETF		1.54%1.79%2.37%1.68%2.04%2.93%1.02%1.66%2.33%1.51%1.82%3.15%
SCHE
Schwab Emerging Markets Equity ETF		2.63%2.88%3.03%3.83%2.88%2.86%2.09%3.27%2.64%2.31%2.27%2.50%

Frequently Asked Questions

BKF and SCHE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHE has higher volatility (5.69%) compared to BKF (3.78%). In terms of maximum drawdown, BKF dropped -70.29% vs SCHE's -36.20%.

On 10-year performance, SCHE leads with 7.77% vs 4.35% for BKF. On fees, SCHE is cheaper at 0.11% per year. On volatility, BKF has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHE has performed better with a 7.77% return vs 4.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHE is cheaper with a 0.11% expense ratio, compared with 0.69% for BKF.

SCHE has the higher dividend yield at 2.63%, compared with 1.54% for BKF.

BKF tracks MSCI BRIC Index, while SCHE tracks FTSE Emerging Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.69% for BKF and 0.11% for SCHE.

SCHE currently has the higher Sharpe Ratio (1.26 vs 0.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for BKF and SCHE

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer