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 All-World Emerging. Both are passively managed. Over the past 10 years, IMVP returned 8.19%/yr vs 8.87%/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 -16.08% return, which is significantly lower than SCHE's 11.88% return. Over the past 10 years, IMVP has underperformed SCHE with an annualized return of 8.19%, while SCHE has yielded a comparatively higher 8.87% annualized return.
IMVP
- 1D
- -2.11%
- 1M
- -2.53%
- YTD
- -16.08%
- 6M
- -14.80%
- 1Y
- -16.87%
- 3Y*
- 2.95%
- 5Y*
- 2.42%
- 10Y*
- 8.19%
SCHE
- 1D
- -1.45%
- 1M
- 2.69%
- YTD
- 11.88%
- 6M
- 12.88%
- 1Y
- 30.59%
- 3Y*
- 18.21%
- 5Y*
- 4.94%
- 10Y*
- 8.87%
IMVP vs. SCHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | -16.08% | 1.30% | 9.07% | 22.82% | -9.35% | 23.68% | 18.41% | 14.26% | -7.55% | 38.51% |
SCHE Schwab Emerging Markets Equity ETF | 11.88% | 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 | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 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.
| IMVP | SCHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -4.09 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.35 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 2.72 | -3.51 |
| Martin ratioReturn relative to average drawdown | -1.84 | 9.82 | -11.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IMVP | SCHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 1.89 | -2.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.28 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.46 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.25 | -0.14 |
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% | -33.59% | +7.79% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -36.20% | -3.49% |
Current DrawdownCurrent decline from peak | -23.71% | -1.45% | -22.26% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -12.60% | -4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.16% | 3.12% | +6.04% |
Volatility
IMVP vs. SCHE - Volatility Comparison
Invesco India ETF (IMVP) and Schwab Emerging Markets Equity ETF (SCHE) have volatilities of 6.00% and 5.80%, 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.
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Volatility by Period
| IMVP | SCHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 5.80% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 13.58% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 16.26% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 17.67% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 19.46% | +0.13% |
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 8.81%, more than SCHE's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMVP Invesco India ETF | 8.81% | 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 | 2.57% | 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.
IMVP has higher volatility (6.00%) compared to SCHE (5.80%). In terms of maximum drawdown, IMVP dropped -64.54% vs SCHE's -36.20%.
On 10-year performance, SCHE leads with 8.87% vs 8.19% for IMVP. On fees, SCHE is cheaper at 0.11% per year. On volatility, SCHE has been the lower-risk option at 5.80%. 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 8.87% return vs 8.19%. 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 8.81%, compared with 2.57% for SCHE.
IMVP tracks FTSE India Quality and Yield Select Index, while SCHE tracks FTSE All-World Emerging. 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 (1.89 vs -1.05), 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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