IDEV vs. SCHI

Last updated Jun 9, 2026

IDEV (iShares Core MSCI International Developed Markets ETF) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both exchange-traded funds - IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index, while SCHI is a Corporate Bonds fund tracking the Bloomberg US Aggregate Credit - Corporate (5-10 Y). Both are passively managed. Over the past 5 years, IDEV returned 8.22%/yr vs 1.08%/yr for SCHI. At a 0.32 correlation, their price movements are largely independent. Both charge a 0.05% expense ratio.

Performance

IDEV vs. SCHI - 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 5-10 Year Corporate Bond ETF (SCHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDEV achieves a 7.53% return, which is significantly higher than SCHI's -0.25% return.

IDEV

• 1D: 0.52%
• 1M: -1.13%
• YTD: 7.53%
• 6M: 10.04%
• 1Y: 20.84%
• 3Y*: 16.81%
• 5Y*: 8.22%
• 10Y*: —

SCHI

• 1D: -0.04%
• 1M: -0.74%
• YTD: -0.25%
• 6M: 0.06%
• 1Y: 6.09%
• 3Y*: 6.07%
• 5Y*: 1.08%
• 10Y*: —

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

IDEV vs. SCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IDEV iShares Core MSCI International Developed Markets ETF	7.53%	32.56%	4.54%	17.36%	-14.99%	13.00%	8.32%	8.98%
SCHI Schwab 5-10 Year Corporate Bond ETF	-0.25%	9.47%	3.32%	8.97%	-14.06%	-1.85%	9.74%	1.00%

Correlation

The correlation between IDEV and SCHI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019	0.32

The correlation between IDEV and SCHI shifts across timeframes, from 0.32 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.

IDEV vs. SCHI - Sectors Allocation Comparison

Sectors	IDEV	SCHI
Financial Services	24.2%	28.9%
Industrials	19.1%	6.2%
Technology	9.9%	8.8%
Healthcare	8.6%	7.9%
Basic Materials	8.0%	1.6%
Consumer Cyclical	7.7%	5.7%
Consumer Defensive	6.0%	4.5%
Energy	5.9%	5.0%
Communication Services	4.0%	5.5%
Utilities	3.7%	9.0%
Real Estate	2.9%	4.9%

Return for Risk

IDEV vs. SCHI — Risk / Return Rank

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

IDEV

IDEV Risk / Return Rank: 45
IDEV Sharpe Ratio Rank: 45
IDEV Sortino Ratio Rank: 45
IDEV Omega Ratio Rank: 45
IDEV Calmar Ratio Rank: 41
IDEV Martin Ratio Rank: 48

SCHI

SCHI Risk / Return Rank: 46
SCHI Sharpe Ratio Rank: 47
SCHI Sortino Ratio Rank: 49
SCHI Omega Ratio Rank: 45
SCHI Calmar Ratio Rank: 45
SCHI Martin Ratio Rank: 45

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. SCHI - 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 5-10 Year Corporate Bond ETF (SCHI). 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.

	IDEV	SCHI	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.49	-0.07
Sortino ratio: Return per unit of downside risk	2.02	2.19	-0.17
Omega ratio: Gain probability vs. loss probability	1.26	1.26	-0.01
Calmar ratio: Return relative to maximum drawdown	1.87	2.03	-0.16
Martin ratio: Return relative to average drawdown	7.31	6.77	+0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDEV vs. SCHI - Sharpe Ratio Comparison

The current IDEV Sharpe Ratio is 1.42, which is comparable to the SCHI Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of IDEV and SCHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IDEV	SCHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	1.49	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.16	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.29	+0.25

Drawdowns

IDEV vs. SCHI - Drawdown Comparison

The maximum IDEV drawdown since its inception was -34.77%, which is greater than SCHI's maximum drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for IDEV and SCHI.

Drawdown Indicators

	IDEV	SCHI	Difference
Max Drawdown Largest peak-to-trough decline	-34.77%	-20.67%	-14.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-3.01%	-8.19%
Max Drawdown (3Y) Largest decline over 3 years	-13.41%	-6.14%	-7.27%
Max Drawdown (5Y) Largest decline over 5 years	-29.15%	-20.67%	-8.48%
Current Drawdown Current decline from peak	-2.25%	-1.80%	-0.45%
Average Drawdown Average peak-to-trough decline	-6.56%	-5.70%	-0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	0.90%	+1.96%

Volatility

IDEV vs. SCHI - Volatility Comparison

iShares Core MSCI International Developed Markets ETF (IDEV) has a higher volatility of 4.42% compared to Schwab 5-10 Year Corporate Bond ETF (SCHI) at 1.33%. This indicates that IDEV's price experiences larger fluctuations and is considered to be riskier than SCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDEV	SCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	1.33%	+3.09%
Volatility (6M) Calculated over the trailing 6-month period	12.41%	3.14%	+9.27%
Volatility (1Y) Calculated over the trailing 1-year period	14.78%	4.12%	+10.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.30%	6.66%	+9.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.28%	7.40%	+9.88%

IDEV vs. SCHI - Expense Ratio Comparison

Both IDEV and SCHI have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IDEV vs. SCHI - Dividend Comparison

IDEV's dividend yield for the trailing twelve months is around 3.17%, less than SCHI's 5.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDEV iShares Core MSCI International Developed Markets ETF	3.17%	3.40%	3.30%	3.07%	2.69%	3.05%	2.00%	3.18%	3.16%	1.54%
SCHI Schwab 5-10 Year Corporate Bond ETF	5.07%	4.99%	5.11%	4.27%	3.10%	1.93%	2.31%	0.53%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDEV and SCHI in my portfolio?

IDEV and SCHI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDEV or SCHI?

IDEV has higher volatility (4.42%) compared to SCHI (1.33%). In terms of maximum drawdown, IDEV dropped -34.77% vs SCHI's -20.67%.

Which ETF is better, IDEV or SCHI?

On 5-year performance, IDEV leads with 8.22% vs 1.08% for SCHI. Both ETFs have the same 0.05% expense ratio. On volatility, SCHI has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDEV or SCHI?

Over the 5-year period, IDEV has performed better with a 8.22% return vs 1.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDEV or SCHI?

IDEV and SCHI have the same expense ratio: 0.05% per year.

Which ETF pays a higher dividend yield, IDEV or SCHI?

SCHI has the higher dividend yield at 5.07%, compared with 3.17% for IDEV.

What is the main difference between IDEV and SCHI?

IDEV is categorized as Foreign Large Cap Equities, while SCHI is Corporate Bonds. IDEV tracks MSCI World ex USA Investable Market Index, while SCHI tracks Bloomberg US Aggregate Credit - Corporate (5-10 Y). They also come from different issuers: iShares and Charles Schwab.

Which has better risk-adjusted returns?

SCHI currently has the higher Sharpe Ratio (1.49 vs 1.42), 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.