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IDEV vs. SWVXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDEV vs. SWVXX

Last updated Jun 14, 2026

IDEV (iShares Core MSCI International Developed Markets ETF) and SWVXX (Schwab Prime Advantage Money Fund Investor Shares) are both funds - IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index, while SWVXX is a Money Market fund actively managed by Charles Schwab. IDEV is passively managed, while SWVXX is actively managed. Over the past 5 years, IDEV returned 8.52%/yr vs 3.14%/yr for SWVXX. At a correlation of -0.01, they often move in opposite directions. IDEV charges 0.05%/yr vs 0.34%/yr for SWVXX.

Performance

IDEV vs. SWVXX - 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 Prime Advantage Money Fund Investor Shares (SWVXX). 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 9.59% return, which is significantly higher than SWVXX's 1.45% return.

IDEV

1D
0.42%
1M
1.14%
YTD
9.59%
6M
11.02%
1Y
23.58%
3Y*
17.03%
5Y*
8.52%
10Y*
—

SWVXX

1D
0.00%
1M
0.29%
YTD
1.45%
6M
1.77%
1Y
3.85%
3Y*
4.71%
5Y*
3.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IDEV vs. SWVXX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IDEV
iShares Core MSCI International Developed Markets ETF		9.59%32.56%4.54%17.36%-14.99%1.32%
SWVXX
Schwab Prime Advantage Money Fund Investor Shares		1.45%4.15%5.16%5.04%0.00%0.00%

Correlation

The correlation between IDEV and SWVXX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.02

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

-0.02

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

-0.01

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

-0.01

Compare stocks, funds, or ETFs

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iShares Core MSCI International Developed Markets ETF

Schwab Prime Advantage Money Fund Investor Shares

Often compared with IDEV:
IDEV vs. VYMIIDEV vs. VEAIDEV vs. IEFAIDEV vs. IXUSIDEV vs. SCHFIDEV vs. FDEVIDEV vs. VEU
Often compared with SWVXX:
SWVXX vs. SGOVSWVXX vs. VMFXXSWVXX vs. SNSXXSWVXX vs. SPAXXSWVXX vs. SHVSWVXX vs. BILSWVXX vs. SWAGX

Return for Risk

IDEV vs. SWVXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDEV
IDEV Risk / Return Rank: 4848
Overall Rank
IDEV Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IDEV Sortino Ratio Rank: 4848
Sortino Ratio Rank
IDEV Omega Ratio Rank: 4747
Omega Ratio Rank
IDEV Calmar Ratio Rank: 4545
Calmar Ratio Rank
IDEV Martin Ratio Rank: 5252
Martin Ratio Rank
SWVXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SWVXX - 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 Prime Advantage Money Fund Investor Shares (SWVXX). 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.

IDEVSWVXXDifference
Sharpe ratioReturn per unit of total volatility
1.48
3.71

-2.23

Sortino ratioReturn per unit of downside risk
2.11

—

—

Omega ratioGain probability vs. loss probability

1.27

—

—

Calmar ratioReturn relative to maximum drawdown

1.99

—

—

Martin ratioReturn relative to average drawdown

7.76

—

—

IDEV vs. SWVXX - Sharpe Ratio Comparison

The current IDEV Sharpe Ratio is 1.48, which is lower than the SWVXX Sharpe Ratio of 3.71. The chart below compares the historical Sharpe Ratios of IDEV and SWVXX, 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. SWVXX - Drawdown Comparison

The maximum IDEV drawdown since its inception was -34.77%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IDEV and SWVXX.

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Drawdown Indicators

IDEVSWVXXDifference

Max Drawdown

Largest peak-to-trough decline

-34.77%

0.00%

-34.77%

Max Drawdown (1Y)

Largest decline over 1 year

-11.20%

0.00%

-11.20%

Max Drawdown (3Y)

Largest decline over 3 years

-13.41%

0.00%

-13.41%

Max Drawdown (5Y)

Largest decline over 5 years

-29.15%

0.00%

-29.15%

Current Drawdown

Current decline from peak

-0.37%

0.00%

-0.37%

Average Drawdown

Average peak-to-trough decline

-6.55%

0.00%

-6.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.87%

0.00%

+2.87%

Volatility

IDEV vs. SWVXX - Volatility Comparison

iShares Core MSCI International Developed Markets ETF (IDEV) has a higher volatility of 5.30% compared to Schwab Prime Advantage Money Fund Investor Shares (SWVXX) at 0.29%. This indicates that IDEV's price experiences larger fluctuations and is considered to be riskier than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IDEVSWVXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.30%

0.29%

+5.01%

Volatility (6M)

Calculated over the trailing 6-month period

12.73%

0.76%

+11.97%

Volatility (1Y)

Calculated over the trailing 1-year period

15.07%

1.10%

+13.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.35%

1.09%

+15.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.29%

1.09%

+16.20%

IDEV vs. SWVXX - Expense Ratio Comparison

IDEV has a 0.05% expense ratio, which is lower than SWVXX's 0.34% expense ratio.

Dividends

IDEV vs. SWVXX - Dividend Comparison

IDEV's dividend yield for the trailing twelve months is around 3.11%, less than SWVXX's 3.77% yield.

PositionTTM202520242023202220212020201920182017
IDEV
iShares Core MSCI International Developed Markets ETF		3.11%3.40%3.30%3.07%2.69%3.05%2.00%3.18%3.16%1.54%
SWVXX
Schwab Prime Advantage Money Fund Investor Shares		3.77%4.06%5.02%4.91%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IDEV and SWVXX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IDEV has higher volatility (5.30%) compared to SWVXX (0.29%). In terms of maximum drawdown, IDEV dropped -34.77% vs SWVXX's 0.00%.

SWVXX currently has the higher Sharpe Ratio (3.71 vs 1.48), 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.

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