FIDI vs. SCHY

Last updated Jun 23, 2026

FIDI (Fidelity International High Dividend ETF) and SCHY (Schwab International Dividend Equity ETF) are both exchange-traded funds - FIDI is a Foreign Large Cap Equities fund tracking the Fidelity® International High Dividend Index, while SCHY is a Dividend fund tracking the Dow Jones International Dividend 100 Index. Both are passively managed. Over the past 5 years, FIDI returned 10.83%/yr vs 8.21%/yr for SCHY. Their correlation of 0.90 suggests significant overlap in exposure. FIDI charges 0.39%/yr vs 0.08%/yr for SCHY.

Performance

FIDI vs. SCHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International High Dividend ETF (FIDI) 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, FIDI achieves a 8.18% return, which is significantly higher than SCHY's 7.54% return.

FIDI

• 1D: 0.16%
• 1M: -1.99%
• YTD: 8.18%
• 6M: 8.55%
• 1Y: 26.10%
• 3Y*: 19.00%
• 5Y*: 10.83%
• 10Y*: —

SCHY

• 1D: -0.28%
• 1M: -1.70%
• YTD: 7.54%
• 6M: 8.01%
• 1Y: 22.42%
• 3Y*: 14.92%
• 5Y*: 8.21%
• 10Y*: —

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

FIDI vs. SCHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FIDI Fidelity International High Dividend ETF	8.18%	39.34%	-0.06%	16.28%	-4.73%	2.21%
SCHY Schwab International Dividend Equity ETF	7.54%	33.98%	-1.79%	14.27%	-9.43%	3.42%

Correlation

The correlation between FIDI and SCHY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 29, 2021	0.90

The correlation between FIDI and SCHY has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

FIDI vs. SCHY — Risk / Return Rank

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

FIDI

FIDI Risk / Return Rank: 72
FIDI Sharpe Ratio Rank: 72
FIDI Sortino Ratio Rank: 69
FIDI Omega Ratio Rank: 69
FIDI Calmar Ratio Rank: 76
FIDI Martin Ratio Rank: 73

SCHY

SCHY Risk / Return Rank: 53
SCHY Sharpe Ratio Rank: 58
SCHY Sortino Ratio Rank: 55
SCHY Omega Ratio Rank: 55
SCHY Calmar Ratio Rank: 51
SCHY Martin Ratio Rank: 46

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.

FIDI vs. SCHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Dividend ETF (FIDI) 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.

	FIDI	SCHY	Difference
Sharpe ratio: Return per unit of total volatility	2.23	1.87	+0.36
Sortino ratio: Return per unit of downside risk	3.02	2.56	+0.46
Omega ratio: Gain probability vs. loss probability	1.39	1.33	+0.07
Calmar ratio: Return relative to maximum drawdown	3.77	2.47	+1.30
Martin ratio: Return relative to average drawdown	13.21	7.52	+5.69

FIDI vs. SCHY - Sharpe Ratio Comparison

The current FIDI Sharpe Ratio is 2.23, which is comparable to the SCHY Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of FIDI 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

FIDI vs. SCHY - Drawdown Comparison

The maximum FIDI drawdown since its inception was -46.34%, which is greater than SCHY's maximum drawdown of -24.04%. Use the drawdown chart below to compare losses from any high point for FIDI and SCHY.

Drawdown Indicators

	FIDI	SCHY	Difference
Max Drawdown Largest peak-to-trough decline	-46.34%	-24.04%	-22.30%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-9.11%	+2.15%
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	-12.16%	+0.07%
Max Drawdown (5Y) Largest decline over 5 years	-26.05%	-24.04%	-2.01%
Current Drawdown Current decline from peak	-2.91%	-5.49%	+2.58%
Average Drawdown Average peak-to-trough decline	-9.74%	-4.96%	-4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.99%	-1.01%

Volatility

FIDI vs. SCHY - Volatility Comparison

Fidelity International High Dividend ETF (FIDI) and Schwab International Dividend Equity ETF (SCHY) have volatilities of 3.22% and 3.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDI	SCHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	3.27%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	9.30%	10.08%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	11.78%	12.10%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.86%	13.27%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.70%	13.23%	+5.47%

FIDI vs. SCHY - Expense Ratio Comparison

FIDI has a 0.39% expense ratio, which is higher than SCHY's 0.08% expense ratio.

Dividends

FIDI vs. SCHY - Dividend Comparison

FIDI's dividend yield for the trailing twelve months is around 4.16%, more than SCHY's 3.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FIDI Fidelity International High Dividend ETF	4.16%	4.33%	5.72%	4.80%	5.09%	4.00%	3.36%	4.26%	4.37%
SCHY Schwab International Dividend Equity ETF	3.45%	3.55%	4.64%	3.97%	3.67%	1.73%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIDI and SCHY in my portfolio?

With a correlation of 0.90, FIDI and SCHY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FIDI or SCHY?

SCHY has higher volatility (3.27%) compared to FIDI (3.22%). In terms of maximum drawdown, FIDI dropped -46.34% vs SCHY's -24.04%.

Which ETF is better, FIDI or SCHY?

On 5-year performance, FIDI leads with 10.83% vs 8.21% for SCHY. On fees, SCHY is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIDI or SCHY?

Over the 5-year period, FIDI has performed better with a 10.83% return vs 8.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIDI or SCHY?

SCHY is cheaper with a 0.08% expense ratio, compared with 0.39% for FIDI.

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

FIDI has the higher dividend yield at 4.16%, compared with 3.45% for SCHY.

What is the main difference between FIDI and SCHY?

FIDI is categorized as Foreign Large Cap Equities, while SCHY is Dividend. FIDI tracks Fidelity® International High Dividend Index, while SCHY tracks Dow Jones International Dividend 100 Index. They also come from different issuers: Fidelity and Charles Schwab. Their fees differ too: 0.39% for FIDI and 0.08% for SCHY.

Which has better risk-adjusted returns?

FIDI currently has the higher Sharpe Ratio (2.23 vs 1.87), 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.