IMFL vs. SCHF

Last updated Jun 4, 2026

IMFL (Invesco International Developed Dynamic Multifactor ETF) and SCHF (Schwab International Equity ETF) are both exchange-traded funds - IMFL is a Global Equities fund tracking the FTSE Developed ex US Invesco Dynamic Multifactor Index, while SCHF is a Foreign Large Cap Equities fund tracking the FTSE Developed ex U.S. Index. Both are passively managed. Over the past 5 years, IMFL returned 8.50%/yr vs 9.84%/yr for SCHF. Their correlation of 0.92 suggests significant overlap in exposure. IMFL charges 0.34%/yr vs 0.06%/yr for SCHF.

Performance

IMFL vs. SCHF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International Developed Dynamic Multifactor ETF (IMFL) and Schwab International Equity ETF (SCHF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IMFL achieves a 17.58% return, which is significantly higher than SCHF's 15.56% return.

IMFL

• 1D: -0.54%
• 1M: 5.50%
• YTD: 17.58%
• 6M: 20.95%
• 1Y: 33.05%
• 3Y*: 17.51%
• 5Y*: 8.50%
• 10Y*: —

SCHF

• 1D: -0.86%
• 1M: 5.91%
• YTD: 15.56%
• 6M: 18.62%
• 1Y: 32.67%
• 3Y*: 19.90%
• 5Y*: 9.84%
• 10Y*: 10.27%

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

IMFL vs. SCHF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IMFL Invesco International Developed Dynamic Multifactor ETF	17.58%	30.89%	-3.57%	25.51%	-17.32%	6.94%
SCHF Schwab International Equity ETF	15.56%	34.55%	3.28%	18.35%	-14.80%	6.10%

Correlation

The correlation between IMFL and SCHF is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021	0.92

The correlation between IMFL and SCHF has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

IMFL vs. SCHF - Sectors Allocation Comparison

Sectors	IMFL	SCHF
Industrials	17.4%	11.5%
Technology	15.4%	15.7%
Healthcare	12.8%	6.5%
Consumer Defensive	11.6%	4.9%
Financial Services	11.0%	20.6%
Consumer Cyclical	7.5%	5.7%
Energy	5.9%	5.0%
Basic Materials	5.5%	6.5%
Utilities	3.9%	1.7%
Communication Services	3.6%	2.3%
Real Estate	1.5%	1.7%

Return for Risk

IMFL vs. SCHF — Risk / Return Rank

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

IMFL

IMFL Risk / Return Rank: 60
IMFL Sharpe Ratio Rank: 64
IMFL Sortino Ratio Rank: 61
IMFL Omega Ratio Rank: 61
IMFL Calmar Ratio Rank: 57
IMFL Martin Ratio Rank: 57

SCHF

SCHF Risk / Return Rank: 59
SCHF Sharpe Ratio Rank: 60
SCHF Sortino Ratio Rank: 60
SCHF Omega Ratio Rank: 60
SCHF Calmar Ratio Rank: 56
SCHF Martin Ratio Rank: 61

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.

IMFL vs. SCHF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International Developed Dynamic Multifactor ETF (IMFL) 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.

	IMFL	SCHF	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.09	+0.03
Sortino ratio: Return per unit of downside risk	2.88	2.87	+0.01
Omega ratio: Gain probability vs. loss probability	1.37	1.37	0.00
Calmar ratio: Return relative to maximum drawdown	2.82	2.86	-0.04
Martin ratio: Return relative to average drawdown	9.97	11.11	-1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMFL vs. SCHF - Sharpe Ratio Comparison

The current IMFL Sharpe Ratio is 2.12, which is comparable to the SCHF Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of IMFL 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.

Sharpe Ratios by Period

	IMFL	SCHF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	2.09	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.60	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.44	+0.19

Drawdowns

IMFL vs. SCHF - Drawdown Comparison

The maximum IMFL drawdown since its inception was -33.26%, roughly equal to the maximum SCHF drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for IMFL and SCHF.

Drawdown Indicators

	IMFL	SCHF	Difference
Max Drawdown Largest peak-to-trough decline	-33.26%	-34.87%	+1.61%
Max Drawdown (1Y) Largest decline over 1 year	-11.77%	-11.48%	-0.29%
Max Drawdown (3Y) Largest decline over 3 years	-13.52%	-13.41%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-33.26%	-29.14%	-4.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.87%	—
Current Drawdown Current decline from peak	-0.54%	-0.86%	+0.32%
Average Drawdown Average peak-to-trough decline	-7.24%	-7.38%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	2.95%	+0.37%

Volatility

IMFL vs. SCHF - Volatility Comparison

Invesco International Developed Dynamic Multifactor ETF (IMFL) and Schwab International Equity ETF (SCHF) have volatilities of 5.74% and 5.66%, 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

	IMFL	SCHF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	5.66%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	13.08%	13.34%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	15.71%	15.74%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.05%	16.39%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.99%	17.18%	-1.19%

IMFL vs. SCHF - Expense Ratio Comparison

IMFL has a 0.34% expense ratio, which is higher than SCHF's 0.06% expense ratio.

Dividends

IMFL vs. SCHF - Dividend Comparison

IMFL's dividend yield for the trailing twelve months is around 2.87%, less than SCHF's 2.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMFL Invesco International Developed Dynamic Multifactor ETF	2.87%	2.88%	3.56%	3.85%	3.35%	3.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHF Schwab International Equity ETF	2.96%	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

Can I hold both IMFL and SCHF in my portfolio?

With a correlation of 0.91, IMFL 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.

Which is riskier, IMFL or SCHF?

IMFL has higher volatility (5.74%) compared to SCHF (5.66%). In terms of maximum drawdown, IMFL dropped -33.26% vs SCHF's -34.87%.

Which ETF is better, IMFL or SCHF?

On 5-year performance, SCHF leads with 9.84% vs 8.50% for IMFL. On fees, SCHF is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IMFL or SCHF?

Over the 5-year period, SCHF has performed better with a 9.84% return vs 8.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IMFL or SCHF?

SCHF is cheaper with a 0.06% expense ratio, compared with 0.34% for IMFL.

Which ETF pays a higher dividend yield, IMFL or SCHF?

SCHF has the higher dividend yield at 2.96%, compared with 2.87% for IMFL.

What is the main difference between IMFL and SCHF?

IMFL is categorized as Global Equities, while SCHF is Foreign Large Cap Equities. IMFL tracks FTSE Developed ex US Invesco Dynamic Multifactor Index, while SCHF tracks FTSE Developed ex U.S. Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.34% for IMFL and 0.06% for SCHF.

Which has better risk-adjusted returns?

IMFL currently has the higher Sharpe Ratio (2.12 vs 2.09), 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.