FIVA vs. SCHY

Last updated Aug 2, 2026

FIVA (Fidelity International Value Factor ETF) and SCHY (Schwab International Dividend Equity ETF) are both exchange-traded funds - FIVA is a Foreign Large Cap Equities fund tracking the Fidelity International Value Factor Index, while SCHY is a Dividend fund tracking the Dow Jones International Dividend 100 Index (Net). Both are passively managed. Over the past 5 years, FIVA returned 13.93%/yr vs 9.14%/yr for SCHY. Their correlation of 0.87 means they have usually moved in the same direction. FIVA charges 0.18%/yr vs 0.08%/yr for SCHY.

Performance

FIVA vs. SCHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Value Factor ETF (FIVA) 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, FIVA achieves a 16.41% return, which is significantly higher than SCHY's 13.81% return.

FIVA

• 1D: -0.46%
• 1M: 1.61%
• 6M: 9.20%
• YTD: 16.41%
• 1Y: 38.62%
• 3Y*: 21.87%
• 5Y*: 13.93%
• 10Y*: —
• ALL TIME*: 8.99%

SCHY

• 1D: -0.48%
• 1M: 4.02%
• 6M: 7.91%
• YTD: 13.81%
• 1Y: 28.39%
• 3Y*: 15.88%
• 5Y*: 9.14%
• 10Y*: —
• ALL TIME*: 9.40%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FIVA Fidelity International Value Factor ETF	$2.76M	$2.92M	$3.12M
SCHY Schwab International Dividend Equity ETF	$27.81M	$25.09M	$19.24M

FIVA vs. SCHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FIVA Fidelity International Value Factor ETF	16.41%	45.83%	2.53%	20.38%	-10.37%	4.01%
SCHY Schwab International Dividend Equity ETF	13.81%	33.98%	-1.79%	14.27%	-9.43%	3.42%

Correlation

The correlation between FIVA and SCHY is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (All Time) Calculated using the full available price history since Apr 29, 2021	0.87

The correlation between FIVA and SCHY shifts across timeframes, from 0.75 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.

FIVA vs. SCHY - Sectors Allocation Comparison

Sectors	FIVA	SCHY
Financial Services	26.1%	13.2%
Industrials	17.9%	8.8%
Technology	15.8%	9.0%
Healthcare	8.3%	8.6%
Basic Materials	7.1%	5.4%
Consumer Cyclical	6.9%	7.6%
Consumer Defensive	5.4%	17.6%
Energy	4.8%	7.2%
Utilities	3.4%	5.7%
Communication Services	2.8%	11.6%
Real Estate	1.6%	0.6%

Return for Risk

FIVA vs. SCHY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIVA

FIVA Risk / Return Rank: 89
FIVA Sharpe Ratio Rank: 92
FIVA Sortino Ratio Rank: 92
FIVA Omega Ratio Rank: 90
FIVA Calmar Ratio Rank: 85
FIVA Martin Ratio Rank: 88

SCHY

SCHY Risk / Return Rank: 86
SCHY Sharpe Ratio Rank: 92
SCHY Sortino Ratio Rank: 91
SCHY Omega Ratio Rank: 91
SCHY Calmar Ratio Rank: 84
SCHY Martin Ratio Rank: 73

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.

FIVA vs. SCHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value Factor ETF (FIVA) 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.

	FIVA	SCHY	Difference
Sharpe ratio: Return per unit of total volatility	2.40	2.39	0.00
Sortino ratio: Return per unit of downside risk	3.30	3.27	+0.03
Omega ratio: Gain probability vs. loss probability	1.42	1.43	-0.01
Calmar ratio: Return relative to maximum drawdown	3.27	3.15	+0.12
Martin ratio: Return relative to average drawdown	12.95	8.98	+3.97

FIVA vs. SCHY - Sharpe Ratio Comparison

The current FIVA Sharpe Ratio is 2.40, which is comparable to the SCHY Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of FIVA 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

FIVA vs. SCHY - Drawdown Comparison

The maximum FIVA drawdown since its inception was -39.76%, which is greater than SCHY's maximum drawdown of -24.04%. Use the drawdown chart below to compare losses from any high point for FIVA and SCHY.

Drawdown Indicators

	FIVA	SCHY	Difference
Max Drawdown Largest peak-to-trough decline	-39.76%	-24.04%	-15.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-9.11%	-2.60%
Max Drawdown (3Y) Largest decline over 3 years	-14.77%	-12.16%	-2.61%
Max Drawdown (5Y) Largest decline over 5 years	-28.70%	-24.04%	-4.66%
Current Drawdown Current decline from peak	-0.46%	-0.48%	+0.02%
Average Drawdown Average peak-to-trough decline	-7.65%	-4.93%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.19%	-0.24%

Volatility

FIVA vs. SCHY - Volatility Comparison

Fidelity International Value Factor ETF (FIVA) has a higher volatility of 4.35% compared to Schwab International Dividend Equity ETF (SCHY) at 3.10%. This indicates that FIVA'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

	FIVA	SCHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	3.10%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	13.81%	10.07%	+3.74%
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	12.03%	+3.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.45%	13.27%	+3.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	13.18%	+4.73%

FIVA vs. SCHY - Expense Ratio Comparison

FIVA has a 0.18% expense ratio, which is higher than SCHY's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FIVA vs. SCHY - Dividend Comparison

FIVA's dividend yield for the trailing twelve months is around 2.59%, less than SCHY's 3.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FIVA Fidelity International Value Factor ETF	2.59%	2.68%	3.52%	3.63%	3.62%	3.76%	2.46%	3.61%	3.28%
SCHY Schwab International Dividend Equity ETF	3.32%	3.55%	4.64%	3.97%	3.67%	1.73%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIVA and SCHY in my portfolio?

FIVA and SCHY have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIVA or SCHY?

FIVA has higher volatility (4.35%) compared to SCHY (3.10%). In terms of maximum drawdown, FIVA dropped -39.76% vs SCHY's -24.04%.

Which ETF is better, FIVA or SCHY?

On 5-year performance, FIVA leads with 13.93% vs 9.14% for SCHY. On fees, SCHY is cheaper at 0.08% per year. On volatility, SCHY has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIVA or SCHY?

Over the 5-year period, FIVA has performed better with a 13.93% return vs 9.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIVA or SCHY?

SCHY is cheaper with a 0.08% expense ratio, compared with 0.18% for FIVA.

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

SCHY has the higher dividend yield at 3.32%, compared with 2.59% for FIVA.

What is the main difference between FIVA and SCHY?

FIVA is categorized as Foreign Large Cap Equities, while SCHY is Dividend. FIVA tracks Fidelity International Value Factor Index, while SCHY tracks Dow Jones International Dividend 100 Index (Net). They also come from different issuers: Fidelity and Charles Schwab. Their fees differ too: 0.18% for FIVA and 0.08% for SCHY.

Which has better risk-adjusted returns?

FIVA currently has the higher Sharpe Ratio (2.40 vs 2.39), 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.