IMFL vs. SCHY

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco International Developed Dynamic Multifactor ETF (IMFL) and Schwab International Dividend Equity ETF (SCHY).

IMFL and SCHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMFL is a passively managed fund by Invesco that tracks the performance of the FTSE Developed ex US Invesco Dynamic Multifactor Index. It was launched on Feb 24, 2021. SCHY is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones International Dividend 100 Index. It was launched on Apr 29, 2021. Both IMFL and SCHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IMFL vs. SCHY - 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 Dividend Equity ETF (SCHY). The values are adjusted to include any dividend payments, if applicable.

IMFL vs. SCHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IMFL Invesco International Developed Dynamic Multifactor ETF	8.63%	30.89%	-3.57%	25.51%	-17.32%	1.34%
SCHY Schwab International Dividend Equity ETF	7.07%	33.98%	-1.79%	14.27%	-9.43%	4.08%

Returns By Period

In the year-to-date period, IMFL achieves a 8.63% return, which is significantly higher than SCHY's 7.07% return.

IMFL

• 1D: 1.30%
• 1M: -5.40%
• YTD: 8.63%
• 6M: 16.70%
• 1Y: 34.54%
• 3Y*: 15.02%
• 5Y*: 8.13%
• 10Y*: —

SCHY

• 1D: 0.25%
• 1M: -4.32%
• YTD: 7.07%
• 6M: 14.73%
• 1Y: 29.70%
• 3Y*: 15.16%
• 5Y*: —
• 10Y*: —

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

IMFL vs. SCHY - Expense Ratio Comparison

IMFL has a 0.34% expense ratio, which is higher than SCHY's 0.14% expense ratio.

IMFL

Invesco International Developed Dynamic Multifactor ETF

SCHY

Schwab International Dividend Equity ETF

Return for Risk

IMFL vs. SCHY — Risk / Return Rank

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

IMFL

IMFL Risk / Return Rank: 89
IMFL Sharpe Ratio Rank: 90
IMFL Sortino Ratio Rank: 91
IMFL Omega Ratio Rank: 90
IMFL Calmar Ratio Rank: 87
IMFL Martin Ratio Rank: 87

SCHY

SCHY Risk / Return Rank: 91
SCHY Sharpe Ratio Rank: 92
SCHY Sortino Ratio Rank: 93
SCHY Omega Ratio Rank: 91
SCHY Calmar Ratio Rank: 91
SCHY Martin Ratio Rank: 90

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. SCHY - 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 Dividend Equity ETF (SCHY). 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	SCHY	Difference
Sharpe ratio Return per unit of total volatility	2.09	2.14	-0.05
Sortino ratio Return per unit of downside risk	2.71	2.83	-0.12
Omega ratio Gain probability vs. loss probability	1.39	1.41	-0.02
Calmar ratio Return relative to maximum drawdown	2.96	3.29	-0.33
Martin ratio Return relative to average drawdown	11.45	12.05	-0.59
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. SCHY - Sharpe Ratio Comparison

The current IMFL Sharpe Ratio is 2.09, which is comparable to the SCHY Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of IMFL and SCHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IMFL	SCHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	2.14	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.67	-0.13

Correlation

The correlation between IMFL and SCHY is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IMFL vs. SCHY - Dividend Comparison

IMFL's dividend yield for the trailing twelve months is around 3.11%, less than SCHY's 3.47% yield.

	TTM	2025	2024	2023	2022	2021
IMFL Invesco International Developed Dynamic Multifactor ETF	3.11%	2.88%	3.56%	3.85%	3.35%	3.94%
SCHY Schwab International Dividend Equity ETF	3.47%	3.55%	4.64%	3.97%	3.67%	1.73%

Drawdowns

IMFL vs. SCHY - Drawdown Comparison

The maximum IMFL drawdown since its inception was -33.26%, which is greater than SCHY's maximum drawdown of -24.04%. Use the drawdown chart below to compare losses from any high point for IMFL and SCHY.

Drawdown Indicators

	IMFL	SCHY	Difference
Max Drawdown Largest peak-to-trough decline	-33.26%	-24.04%	-9.22%
Max Drawdown (1Y) Largest decline over 1 year	-11.77%	-9.11%	-2.66%
Max Drawdown (5Y) Largest decline over 5 years	-33.26%	—	—
Current Drawdown Current decline from peak	-7.51%	-5.90%	-1.61%
Average Drawdown Average peak-to-trough decline	-7.37%	-5.00%	-2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	2.49%	+0.55%

Volatility

IMFL vs. SCHY - Volatility Comparison

Invesco International Developed Dynamic Multifactor ETF (IMFL) has a higher volatility of 7.34% compared to Schwab International Dividend Equity ETF (SCHY) at 5.39%. This indicates that IMFL's price experiences larger fluctuations and is considered to be riskier than SCHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMFL	SCHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	5.39%	+1.95%
Volatility (6M) Calculated over the trailing 6-month period	11.89%	9.04%	+2.85%
Volatility (1Y) Calculated over the trailing 1-year period	16.63%	13.95%	+2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.90%	13.24%	+2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.87%	13.24%	+2.63%