EEMA vs. SCHY

Last updated Jul 21, 2026

EEMA (iShares MSCI Emerging Markets Asia ETF) and SCHY (Schwab International Dividend Equity ETF) are both exchange-traded funds - EEMA is a Asia Pacific Equities fund tracking the MSCI Emerging Markets Asia Index, while SCHY is a Dividend fund tracking the Dow Jones International Dividend 100 Index. Both are passively managed. Over the past 5 years, EEMA returned 6.27%/yr vs 8.63%/yr for SCHY. A 0.59 correlation means they provide meaningful diversification when combined. EEMA charges 0.50%/yr vs 0.08%/yr for SCHY.

Performance

EEMA vs. SCHY - Performance Comparison

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

Returns By Period

In the year-to-date period, EEMA achieves a 17.58% return, which is significantly higher than SCHY's 10.12% return.

EEMA

• 1D: 0.47%
• 1M: -8.59%
• 6M: 11.65%
• YTD: 17.58%
• 1Y: 32.42%
• 3Y*: 20.21%
• 5Y*: 6.27%
• 10Y*: 9.29%
• ALL TIME*: 6.84%

SCHY

• 1D: -0.80%
• 1M: 2.12%
• 6M: 8.67%
• YTD: 10.12%
• 1Y: 23.00%
• 3Y*: 14.24%
• 5Y*: 8.63%
• 10Y*: —
• ALL TIME*: 8.76%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EEMA vs. SCHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EEMA iShares MSCI Emerging Markets Asia ETF	17.58%	33.27%	10.23%	6.57%	-21.49%	-9.85%
SCHY Schwab International Dividend Equity ETF	10.12%	33.98%	-1.79%	14.27%	-9.43%	3.42%

Correlation

The correlation between EEMA and SCHY is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Apr 29, 2021	0.59

The correlation between EEMA and SCHY shifts across timeframes, from 0.45 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

EEMA vs. SCHY - Sectors Allocation Comparison

Sectors	EEMA	SCHY
Technology	42.4%	7.5%
Financial Services	16.4%	13.1%
Consumer Cyclical	9.4%	7.8%
Industrials	7.4%	10.4%
Communication Services	6.3%	11.8%
Basic Materials	4.2%	5.5%
Healthcare	3.6%	8.1%
Energy	2.6%	7.2%
Consumer Defensive	2.5%	17.1%
Utilities	1.6%	6.0%
Real Estate	0.9%	0.6%

Return for Risk

EEMA vs. SCHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EEMA

EEMA Risk / Return Rank: 56
EEMA Sharpe Ratio Rank: 54
EEMA Sortino Ratio Rank: 51
EEMA Omega Ratio Rank: 57
EEMA Calmar Ratio Rank: 61
EEMA Martin Ratio Rank: 59

SCHY

SCHY Risk / Return Rank: 72
SCHY Sharpe Ratio Rank: 80
SCHY Sortino Ratio Rank: 79
SCHY Omega Ratio Rank: 78
SCHY Calmar Ratio Rank: 69
SCHY Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EEMA vs. SCHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Asia ETF (EEMA) and Schwab International Dividend Equity ETF (SCHY). 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.

	EEMA	SCHY	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.92	-0.52
Sortino ratio: Return per unit of downside risk	1.92	2.65	-0.73
Omega ratio: Gain probability vs. loss probability	1.26	1.34	-0.08
Calmar ratio: Return relative to maximum drawdown	2.28	2.54	-0.26
Martin ratio: Return relative to average drawdown	7.54	7.20	+0.34

EEMA vs. SCHY - Sharpe Ratio Comparison

The current EEMA Sharpe Ratio is 1.40, which is comparable to the SCHY Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of EEMA and SCHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EEMA vs. SCHY - Drawdown Comparison

The maximum EEMA drawdown since its inception was -44.18%, which is greater than SCHY's maximum drawdown of -24.04%. Use the drawdown chart below to compare losses from any high point for EEMA and SCHY.

Drawdown Indicators

	EEMA	SCHY	Difference
Max Drawdown Largest peak-to-trough decline	-44.18%	-24.04%	-20.14%
Max Drawdown (1Y) Largest decline over 1 year	-14.30%	-9.11%	-5.19%
Max Drawdown (3Y) Largest decline over 3 years	-20.23%	-12.16%	-8.07%
Max Drawdown (5Y) Largest decline over 5 years	-38.31%	-24.04%	-14.27%
Max Drawdown (10Y) Largest decline over 10 years	-44.18%	—	—
Current Drawdown Current decline from peak	-9.29%	-3.22%	-6.07%
Average Drawdown Average peak-to-trough decline	-13.90%	-4.95%	-8.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	3.20%	+1.11%

Volatility

EEMA vs. SCHY - Volatility Comparison

iShares MSCI Emerging Markets Asia ETF (EEMA) has a higher volatility of 8.93% compared to Schwab International Dividend Equity ETF (SCHY) at 2.87%. This indicates that EEMA's price experiences larger fluctuations and is considered to be riskier than SCHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEMA	SCHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.93%	2.87%	+6.06%
Volatility (6M) Calculated over the trailing 6-month period	20.80%	10.23%	+10.57%
Volatility (1Y) Calculated over the trailing 1-year period	23.34%	12.08%	+11.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.00%	13.25%	+7.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.06%	13.19%	+7.87%

EEMA vs. SCHY - Expense Ratio Comparison

EEMA has a 0.50% expense ratio, which is higher than SCHY's 0.08% expense ratio.

Dividends

EEMA vs. SCHY - Dividend Comparison

EEMA's dividend yield for the trailing twelve months is around 1.40%, less than SCHY's 3.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEMA iShares MSCI Emerging Markets Asia ETF	1.40%	1.48%	1.74%	2.02%	1.78%	2.19%	1.15%	1.86%	2.17%	1.74%	1.74%	2.44%
SCHY Schwab International Dividend Equity ETF	3.43%	3.55%	4.64%	3.97%	3.67%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EEMA and SCHY in my portfolio?

EEMA and SCHY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EEMA or SCHY?

EEMA has higher volatility (8.93%) compared to SCHY (2.87%). In terms of maximum drawdown, EEMA dropped -44.18% vs SCHY's -24.04%.

Which ETF is better, EEMA or SCHY?

On 5-year performance, SCHY leads with 8.63% vs 6.27% for EEMA. On fees, SCHY is cheaper at 0.08% per year. On volatility, SCHY has been the lower-risk option at 2.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EEMA or SCHY?

Over the 5-year period, SCHY has performed better with a 8.63% return vs 6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EEMA or SCHY?

SCHY is cheaper with a 0.08% expense ratio, compared with 0.50% for EEMA.

Which ETF pays a higher dividend yield, EEMA or SCHY?

SCHY has the higher dividend yield at 3.43%, compared with 1.40% for EEMA.

What is the main difference between EEMA and SCHY?

EEMA is categorized as Asia Pacific Equities, while SCHY is Dividend. EEMA tracks MSCI Emerging Markets Asia Index, while SCHY tracks Dow Jones International Dividend 100 Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.50% for EEMA and 0.08% for SCHY.

Which has better risk-adjusted returns?

SCHY currently has the higher Sharpe Ratio (1.92 vs 1.40), 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.