ICFSX vs. SCHD

Last updated Jun 24, 2026

ICFSX (ICON Consumer Select Fund) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - ICFSX is a Financials Equities fund managed by ICON Funds, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, ICFSX returned 11.25%/yr vs 12.72%/yr for SCHD. A 0.75 correlation means they provide meaningful diversification when combined. ICFSX charges 1.32%/yr vs 0.06%/yr for SCHD.

Performance

ICFSX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ICON Consumer Select Fund (ICFSX) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICFSX achieves a -3.46% return, which is significantly lower than SCHD's 17.72% return. Over the past 10 years, ICFSX has underperformed SCHD with an annualized return of 11.25%, while SCHD has yielded a comparatively higher 12.72% annualized return.

ICFSX

• 1D: 0.22%
• 1M: -0.22%
• YTD: -3.46%
• 6M: -4.69%
• 1Y: 4.66%
• 3Y*: 15.29%
• 5Y*: 9.15%
• 10Y*: 11.25%

SCHD

• 1D: 0.41%
• 1M: -2.47%
• YTD: 17.72%
• 6M: 17.25%
• 1Y: 24.56%
• 3Y*: 14.60%
• 5Y*: 8.71%
• 10Y*: 12.72%

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

ICFSX vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ICFSX ICON Consumer Select Fund	-3.46%	5.96%	35.19%	18.16%	-10.30%	22.79%	-7.47%	36.93%	-18.04%	20.03%
SCHD Schwab U.S. Dividend Equity ETF	17.72%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between ICFSX and SCHD is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.75

The correlation between ICFSX and SCHD shifts across timeframes, from 0.61 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ICFSX vs. SCHD — Risk / Return Rank

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

ICFSX

ICFSX Risk / Return Rank: 5
ICFSX Sharpe Ratio Rank: 6
ICFSX Sortino Ratio Rank: 6
ICFSX Omega Ratio Rank: 5
ICFSX Calmar Ratio Rank: 5
ICFSX Martin Ratio Rank: 5

SCHD

SCHD Risk / Return Rank: 77
SCHD Sharpe Ratio Rank: 72
SCHD Sortino Ratio Rank: 80
SCHD Omega Ratio Rank: 70
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 71

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.

ICFSX vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ICON Consumer Select Fund (ICFSX) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

	ICFSX	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	0.38	2.23	-1.85
Sortino ratio: Return per unit of downside risk	0.65	3.40	-2.75
Omega ratio: Gain probability vs. loss probability	1.07	1.40	-0.32
Calmar ratio: Return relative to maximum drawdown	0.42	5.35	-4.93
Martin ratio: Return relative to average drawdown	1.10	12.94	-11.83

ICFSX vs. SCHD - Sharpe Ratio Comparison

The current ICFSX Sharpe Ratio is 0.38, which is lower than the SCHD Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of ICFSX and SCHD, 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

ICFSX vs. SCHD - Drawdown Comparison

The maximum ICFSX drawdown since its inception was -77.40%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for ICFSX and SCHD.

Drawdown Indicators

	ICFSX	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-77.40%	-33.37%	-44.03%
Max Drawdown (1Y) Largest decline over 1 year	-12.67%	-4.61%	-8.06%
Max Drawdown (3Y) Largest decline over 3 years	-20.61%	-16.13%	-4.48%
Max Drawdown (5Y) Largest decline over 5 years	-23.27%	-16.85%	-6.42%
Max Drawdown (10Y) Largest decline over 10 years	-48.50%	-33.37%	-15.13%
Current Drawdown Current decline from peak	-6.60%	-2.47%	-4.13%
Average Drawdown Average peak-to-trough decline	-21.33%	-3.31%	-18.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	1.90%	+2.94%

Volatility

ICFSX vs. SCHD - Volatility Comparison

ICON Consumer Select Fund (ICFSX) and Schwab U.S. Dividend Equity ETF (SCHD) have volatilities of 3.47% and 3.58%, 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

	ICFSX	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	3.58%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	10.50%	7.73%	+2.77%
Volatility (1Y) Calculated over the trailing 1-year period	14.09%	11.07%	+3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.42%	14.36%	+6.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.75%	16.71%	+7.04%

ICFSX vs. SCHD - Expense Ratio Comparison

ICFSX has a 1.32% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

ICFSX vs. SCHD - Dividend Comparison

ICFSX's dividend yield for the trailing twelve months is around 11.65%, more than SCHD's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICFSX ICON Consumer Select Fund	11.65%	11.25%	34.59%	7.32%	17.71%	10.98%	0.00%	1.94%	0.75%	0.21%	0.97%	0.59%
SCHD Schwab U.S. Dividend Equity ETF	3.30%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both ICFSX and SCHD in my portfolio?

ICFSX and SCHD have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ICFSX or SCHD?

SCHD has higher volatility (3.58%) compared to ICFSX (3.47%). In terms of maximum drawdown, ICFSX dropped -77.40% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.23 vs 0.38), 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.