IVLU vs. SCHD

Last updated Jul 17, 2026

IVLU (iShares MSCI International Value Factor ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, IVLU returned 11.13%/yr vs 12.49%/yr for SCHD. A 0.65 correlation means they provide meaningful diversification when combined. IVLU charges 0.30%/yr vs 0.06%/yr for SCHD.

Performance

IVLU vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI International Value Factor ETF (IVLU) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVLU achieves a 13.15% return, which is significantly lower than SCHD's 22.44% return. Over the past 10 years, IVLU has underperformed SCHD with an annualized return of 11.13%, while SCHD has yielded a comparatively higher 12.49% annualized return.

IVLU

• 1D: -0.75%
• 1M: -0.59%
• 6M: 9.08%
• YTD: 13.15%
• 1Y: 34.19%
• 3Y*: 22.70%
• 5Y*: 15.40%
• 10Y*: 11.13%

SCHD

• 1D: 2.16%
• 1M: 2.38%
• 6M: 15.69%
• YTD: 22.44%
• 1Y: 27.19%
• 3Y*: 14.79%
• 5Y*: 9.45%
• 10Y*: 12.49%

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

IVLU vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVLU iShares MSCI International Value Factor ETF	13.15%	46.09%	6.76%	20.07%	-5.73%	15.60%	-4.50%	15.60%	-15.10%	23.10%
SCHD Schwab U.S. Dividend Equity ETF	22.44%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between IVLU and SCHD is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jul 15, 2015	0.65

Over the past year, the correlation between IVLU and SCHD has dropped to 0.43 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

IVLU vs. SCHD - Sectors Allocation Comparison

Sectors	IVLU	SCHD
Financial Services	26.5%	9.1%
Industrials	18.8%	7.4%
Technology	10.6%	19.4%
Healthcare	9.0%	18.4%
Consumer Cyclical	7.6%	6.7%
Basic Materials	7.4%	1.2%
Consumer Defensive	6.0%	18.5%
Energy	5.5%	14.6%
Communication Services	3.7%	6.0%
Utilities	3.6%	0.0%
Real Estate	1.4%	-

Return for Risk

IVLU vs. SCHD — Risk / Return Rank

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

IVLU

IVLU Risk / Return Rank: 80
IVLU Sharpe Ratio Rank: 86
IVLU Sortino Ratio Rank: 84
IVLU Omega Ratio Rank: 83
IVLU Calmar Ratio Rank: 73
IVLU Martin Ratio Rank: 76

SCHD

SCHD Risk / Return Rank: 91
SCHD Sharpe Ratio Rank: 91
SCHD Sortino Ratio Rank: 93
SCHD Omega Ratio Rank: 88
SCHD Calmar Ratio Rank: 95
SCHD Martin Ratio Rank: 87

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.

IVLU vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI International Value Factor ETF (IVLU) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

	IVLU	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.47	-0.28
Sortino ratio: Return per unit of downside risk	3.02	3.83	-0.81
Omega ratio: Gain probability vs. loss probability	1.39	1.44	-0.05
Calmar ratio: Return relative to maximum drawdown	2.94	5.92	-2.98
Martin ratio: Return relative to average drawdown	11.11	14.46	-3.35

IVLU vs. SCHD - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.20, which is comparable to the SCHD Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of IVLU and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVLU vs. SCHD - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for IVLU and SCHD.

Drawdown Indicators

	IVLU	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-41.85%	-33.37%	-8.48%
Max Drawdown (1Y) Largest decline over 1 year	-11.69%	-4.61%	-7.08%
Max Drawdown (3Y) Largest decline over 3 years	-15.48%	-16.13%	+0.65%
Max Drawdown (5Y) Largest decline over 5 years	-26.04%	-16.85%	-9.19%
Max Drawdown (10Y) Largest decline over 10 years	-41.85%	-33.37%	-8.48%
Current Drawdown Current decline from peak	-1.17%	0.00%	-1.17%
Average Drawdown Average peak-to-trough decline	-8.52%	-3.30%	-5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	1.89%	+1.20%

Volatility

IVLU vs. SCHD - Volatility Comparison

iShares MSCI International Value Factor ETF (IVLU) and Schwab U.S. Dividend Equity ETF (SCHD) have volatilities of 4.01% and 4.10%, 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

	IVLU	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	4.10%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	13.17%	8.05%	+5.12%
Volatility (1Y) Calculated over the trailing 1-year period	15.64%	11.04%	+4.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.52%	14.40%	+2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.36%	16.71%	+0.65%

IVLU vs. SCHD - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

IVLU vs. SCHD - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.32%, more than SCHD's 3.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVLU iShares MSCI International Value Factor ETF	3.32%	3.71%	4.46%	4.69%	3.59%	3.47%	2.05%	3.53%	2.82%	2.87%	2.53%	0.93%
SCHD Schwab U.S. Dividend Equity ETF	3.17%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both IVLU and SCHD in my portfolio?

IVLU and SCHD have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVLU or SCHD?

SCHD has higher volatility (4.10%) compared to IVLU (4.01%). In terms of maximum drawdown, IVLU dropped -41.85% vs SCHD's -33.37%.

Which ETF is better, IVLU or SCHD?

On 10-year performance, SCHD leads with 12.49% vs 11.13% for IVLU. On fees, SCHD 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, IVLU or SCHD?

Over the 10-year period, SCHD has performed better with a 12.49% return vs 11.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVLU or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.30% for IVLU.

Which ETF pays a higher dividend yield, IVLU or SCHD?

IVLU has the higher dividend yield at 3.32%, compared with 3.17% for SCHD.

What is the main difference between IVLU and SCHD?

IVLU is categorized as Foreign Large Cap Equities, while SCHD is Dividend. IVLU tracks MSCI World ex USA Enhanced Value Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.30% for IVLU and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.47 vs 2.20), 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.