IMVP vs. SCHE
IMVP (Invesco India ETF) and SCHE (Schwab Emerging Markets Equity ETF) are both Emerging Markets Equities funds - IMVP tracks the FTSE India Quality and Yield Select Index while SCHE tracks the FTSE Emerging Index. Both are passively managed. Over the past 10 years, IMVP returned 8.82%/yr vs 8.96%/yr for SCHE. A 0.70 correlation means they provide meaningful diversification when combined. IMVP charges 0.78%/yr vs 0.11%/yr for SCHE.
Performance
IMVP vs. SCHE - Performance Comparison
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Returns By Period
In the year-to-date period, IMVP achieves a -14.82% return, which is significantly lower than SCHE's 10.23% return. Both investments have delivered pretty close results over the past 10 years, with IMVP having a 8.82% annualized return and SCHE not far ahead at 8.96%.
IMVP
- 1D
- -2.33%
- 1M
- -0.92%
- YTD
- -14.82%
- 6M
- -15.38%
- 1Y
- -15.46%
- 3Y*
- 3.28%
- 5Y*
- 3.04%
- 10Y*
- 8.82%
SCHE
- 1D
- -3.06%
- 1M
- 0.98%
- YTD
- 10.23%
- 6M
- 10.33%
- 1Y
- 26.99%
- 3Y*
- 17.60%
- 5Y*
- 4.91%
- 10Y*
- 8.96%
IMVP vs. SCHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | -14.82% | 1.30% | 9.07% | 22.82% | -9.35% | 23.68% | 18.41% | 14.26% | -7.55% | 38.51% |
SCHE Schwab Emerging Markets Equity ETF | 10.23% | 26.54% | 10.60% | 8.93% | -17.84% | -0.65% | 14.49% | 20.31% | -13.57% | 32.70% |
Correlation
The correlation between IMVP and SCHE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2010 | 0.70 |
The correlation between IMVP and SCHE shifts across timeframes, from 0.53 (3 years) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IMVP vs. SCHE — Risk / Return Rank
IMVP
SCHE
IMVP vs. SCHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) and Schwab Emerging Markets Equity ETF (SCHE). 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.
| IMVP | SCHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.29 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.40 | -3.13 |
| Martin ratioReturn relative to average drawdown | -1.54 | 8.46 | -10.00 |
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Drawdowns
IMVP vs. SCHE - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, which is greater than SCHE's maximum drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for IMVP and SCHE.
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Drawdown Indicators
| IMVP | SCHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -36.20% | -28.34% |
Max Drawdown (1Y)Largest decline over 1 year | -21.44% | -11.29% | -10.15% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | -17.08% | -8.72% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -33.31% | +7.51% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -36.20% | -3.49% |
Current DrawdownCurrent decline from peak | -22.56% | -3.06% | -19.50% |
Average DrawdownAverage peak-to-trough decline | -16.72% | -12.56% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.05% | 3.20% | +6.85% |
Volatility
IMVP vs. SCHE - Volatility Comparison
The current volatility for Invesco India ETF (IMVP) is 5.38%, while Schwab Emerging Markets Equity ETF (SCHE) has a volatility of 7.54%. This indicates that IMVP experiences smaller price fluctuations and is considered to be less risky than SCHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMVP | SCHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 7.54% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.55% | 15.01% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.44% | 17.35% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 17.89% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 19.45% | +0.09% |
IMVP vs. SCHE - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than SCHE's 0.11% expense ratio.
Dividends
IMVP vs. SCHE - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 11.83%, more than SCHE's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | 11.83% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
SCHE Schwab Emerging Markets Equity ETF | 2.61% | 2.88% | 3.03% | 3.83% | 2.88% | 2.86% | 2.09% | 3.27% | 2.64% | 2.31% | 2.27% | 2.50% |
Frequently Asked Questions
IMVP and SCHE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHE has higher volatility (7.54%) compared to IMVP (5.38%). In terms of maximum drawdown, IMVP dropped -64.54% vs SCHE's -36.20%.
On 10-year performance, SCHE leads with 8.96% vs 8.82% for IMVP. On fees, SCHE is cheaper at 0.11% per year. On volatility, IMVP has been the lower-risk option at 5.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHE has performed better with a 8.96% return vs 8.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHE is cheaper with a 0.11% expense ratio, compared with 0.78% for IMVP.
IMVP has the higher dividend yield at 11.83%, compared with 2.61% for SCHE.
IMVP tracks FTSE India Quality and Yield Select Index, while SCHE tracks FTSE Emerging Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.78% for IMVP and 0.11% for SCHE.
SCHE currently has the higher Sharpe Ratio (1.56 vs -0.94), 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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