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IDEV vs. SCHF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDEV vs. SCHF

Last updated Jun 23, 2026

IDEV (iShares Core MSCI International Developed Markets ETF) and SCHF (Schwab International Equity ETF) are both Foreign Large Cap Equities funds - IDEV tracks the MSCI World ex USA Investable Market Index while SCHF tracks the FTSE Developed ex U.S. Index. Both are passively managed. Over the past 5 years, IDEV returned 9.19%/yr vs 10.67%/yr for SCHF. With a 0.98 correlation, they move nearly in lockstep. IDEV charges 0.05%/yr vs 0.06%/yr for SCHF.

Performance

IDEV vs. SCHF - Performance Comparison

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

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Returns By Period

In the year-to-date period, IDEV achieves a 10.38% return, which is significantly lower than SCHF's 17.68% return.

IDEV

1D
0.15%
1M
1.58%
YTD
10.38%
6M
10.58%
1Y
26.25%
3Y*
18.20%
5Y*
9.19%
10Y*
—

SCHF

1D
0.21%
1M
3.82%
YTD
17.68%
6M
18.27%
1Y
36.30%
3Y*
20.89%
5Y*
10.67%
10Y*
11.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IDEV vs. SCHF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IDEV
iShares Core MSCI International Developed Markets ETF		10.38%32.56%4.54%17.36%-14.99%13.00%8.32%23.12%-14.10%17.43%
SCHF
Schwab International Equity ETF		17.68%34.55%3.28%18.35%-14.80%11.40%9.48%22.26%-14.29%17.65%

Correlation

The correlation between IDEV and SCHF is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

0.99

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2017

0.98

The correlation between IDEV and SCHF has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

IDEV vs. SCHF - Sectors Allocation Comparison

Sectors
IDEV
SCHF

Financial Services

24.0%
23.3%

Industrials

18.8%
18.1%

Technology

11.1%
17.6%

Healthcare

8.5%
7.0%

Basic Materials

8.3%
7.4%

Consumer Cyclical

7.7%
7.3%

Consumer Defensive

5.8%
5.7%

Energy

5.4%
4.7%

Communication Services

4.3%
3.6%

Utilities

3.4%
3.2%

Real Estate

2.7%
2.0%

Financial Services

IDEV
24.0%
SCHF
23.3%

Industrials

IDEV
18.8%
SCHF
18.1%

Technology

IDEV
11.1%
SCHF
17.6%

Healthcare

IDEV
8.5%
SCHF
7.0%

Basic Materials

IDEV
8.3%
SCHF
7.4%

Consumer Cyclical

IDEV
7.7%
SCHF
7.3%

Consumer Defensive

IDEV
5.8%
SCHF
5.7%

Energy

IDEV
5.4%
SCHF
4.7%

Communication Services

IDEV
4.3%
SCHF
3.6%

Utilities

IDEV
3.4%
SCHF
3.2%

Real Estate

IDEV
2.7%
SCHF
2.0%

Compare stocks, funds, or ETFs

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

iShares Core MSCI International Developed Markets ETF

Schwab International Equity ETF

Often compared with IDEV:
IDEV vs. VYMIIDEV vs. VEAIDEV vs. IEFAIDEV vs. IXUSIDEV vs. FDEVIDEV vs. VOOIDEV vs. VEU
Often compared with SCHF:
SCHF vs. VXUSSCHF vs. VEASCHF vs. SWISXSCHF vs. SCHYSCHF vs. SCHESCHF vs. FNDFSCHF vs. SCHB

Return for Risk

IDEV vs. SCHF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDEV
IDEV Risk / Return Rank: 5252
Overall Rank
IDEV Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
IDEV Sortino Ratio Rank: 5353
Sortino Ratio Rank
IDEV Omega Ratio Rank: 5252
Omega Ratio Rank
IDEV Calmar Ratio Rank: 4949
Calmar Ratio Rank
IDEV Martin Ratio Rank: 5555
Martin Ratio Rank
SCHF
SCHF Risk / Return Rank: 6868
Overall Rank
SCHF Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
SCHF Sortino Ratio Rank: 6868
Sortino Ratio Rank
SCHF Omega Ratio Rank: 7070
Omega Ratio Rank
SCHF Calmar Ratio Rank: 6666
Calmar Ratio Rank
SCHF Martin Ratio Rank: 6868
Martin Ratio Rank
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.

IDEV vs. SCHF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI International Developed Markets ETF (IDEV) and Schwab International Equity ETF (SCHF). 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.

IDEVSCHFDifference
Sharpe ratioReturn per unit of total volatility
1.76
2.20

-0.43

Sortino ratioReturn per unit of downside risk
2.48
2.97

-0.49

Omega ratioGain probability vs. loss probability

1.32

1.40

-0.08

Calmar ratioReturn relative to maximum drawdown

2.35

3.18

-0.82

Martin ratioReturn relative to average drawdown

9.21

12.22

-3.01

IDEV vs. SCHF - Sharpe Ratio Comparison

The current IDEV Sharpe Ratio is 1.76, which is comparable to the SCHF Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of IDEV and SCHF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IDEV vs. SCHF - Drawdown Comparison

The maximum IDEV drawdown since its inception was -34.77%, roughly equal to the maximum SCHF drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for IDEV and SCHF.

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Drawdown Indicators

IDEVSCHFDifference

Max Drawdown

Largest peak-to-trough decline

-34.77%

-34.87%

+0.10%

Max Drawdown (1Y)

Largest decline over 1 year

-11.20%

-11.48%

+0.28%

Max Drawdown (3Y)

Largest decline over 3 years

-13.41%

-13.41%

0.00%

Max Drawdown (5Y)

Largest decline over 5 years

-29.15%

-29.14%

-0.01%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.87%

—

Current Drawdown

Current decline from peak

-0.13%

0.00%

-0.13%

Average Drawdown

Average peak-to-trough decline

-6.53%

-7.36%

+0.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.86%

2.98%

-0.12%

Volatility

IDEV vs. SCHF - Volatility Comparison

The current volatility for iShares Core MSCI International Developed Markets ETF (IDEV) is 4.70%, while Schwab International Equity ETF (SCHF) has a volatility of 6.42%. This indicates that IDEV experiences smaller price fluctuations and is considered to be less risky than SCHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IDEVSCHFDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.70%

6.42%

-1.72%

Volatility (6M)

Calculated over the trailing 6-month period

12.69%

14.43%

-1.74%

Volatility (1Y)

Calculated over the trailing 1-year period

14.97%

16.63%

-1.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.33%

16.55%

-0.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.28%

17.21%

+0.07%

IDEV vs. SCHF - Expense Ratio Comparison

IDEV has a 0.05% expense ratio, which is lower than SCHF's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IDEV vs. SCHF - Dividend Comparison

IDEV's dividend yield for the trailing twelve months is around 3.20%, more than SCHF's 2.90% yield.

PositionTTM20252024202320222021202020192018201720162015
IDEV
iShares Core MSCI International Developed Markets ETF		3.20%3.40%3.30%3.07%2.69%3.05%2.00%3.18%3.16%1.54%0.00%0.00%
SCHF
Schwab International Equity ETF		2.90%3.42%3.26%2.97%2.80%3.19%2.08%2.95%3.06%2.35%2.58%2.26%

Frequently Asked Questions

With a correlation of 0.98, IDEV and SCHF 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.

SCHF has higher volatility (6.42%) compared to IDEV (4.70%). In terms of maximum drawdown, IDEV dropped -34.77% vs SCHF's -34.87%.

On 5-year performance, SCHF leads with 10.67% vs 9.19% for IDEV. On fees, IDEV is cheaper at 0.05% per year. On volatility, IDEV has been the lower-risk option at 4.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SCHF has performed better with a 10.67% return vs 9.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IDEV is cheaper with a 0.05% expense ratio, compared with 0.06% for SCHF.

IDEV has the higher dividend yield at 3.20%, compared with 2.90% for SCHF.

IDEV tracks MSCI World ex USA Investable Market Index, while SCHF tracks FTSE Developed ex U.S. Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.05% for IDEV and 0.06% for SCHF.

SCHF currently has the higher Sharpe Ratio (2.20 vs 1.76), 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

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