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IVLU vs. SCHP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVLU vs. SCHP

Last updated Jun 13, 2026

IVLU (iShares MSCI International Value Factor ETF) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index, while SCHP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). Both are passively managed. Over the past 10 years, IVLU returned 11.63%/yr vs 2.60%/yr for SCHP. At a 0.05 correlation, their price movements are largely independent. IVLU charges 0.30%/yr vs 0.03%/yr for SCHP.

Performance

IVLU vs. SCHP - 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. TIPS ETF (SCHP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IVLU achieves a 12.96% return, which is significantly higher than SCHP's 1.42% return. Over the past 10 years, IVLU has outperformed SCHP with an annualized return of 11.63%, while SCHP has yielded a comparatively lower 2.60% annualized return.

IVLU

1D
0.56%
1M
0.66%
YTD
12.96%
6M
14.33%
1Y
35.32%
3Y*
23.53%
5Y*
14.06%
10Y*
11.63%

SCHP

1D
0.04%
1M
-0.10%
YTD
1.42%
6M
1.48%
1Y
4.83%
3Y*
4.14%
5Y*
1.06%
10Y*
2.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVLU vs. SCHP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVLU
iShares MSCI International Value Factor ETF		12.96%46.09%6.76%20.07%-5.73%15.60%-4.50%15.60%-15.10%23.10%
SCHP
Schwab U.S. TIPS ETF		1.42%6.76%1.95%3.91%-12.02%5.87%10.86%8.52%-1.78%3.02%

Correlation

The correlation between IVLU and SCHP is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.18

Correlation (10Y)
Calculated over the trailing 10-year period

0.06

Correlation (All Time)
Calculated using the full available price history since Jul 15, 2015

0.05

Over the past year, IVLU and SCHP have become more correlated (0.27) than their long-term average of 0.05, meaning their price movements have been converging.

IVLU vs. SCHP - Sectors Allocation Comparison

Sectors
IVLU
SCHP

Financial Services

25.3%
0.0%

Industrials

17.2%

-

Technology

11.3%

-

Healthcare

9.7%

-

Basic Materials

7.5%

-

Consumer Cyclical

7.4%
100.0%

Consumer Defensive

6.3%

-

Energy

5.1%

-

Communication Services

4.0%

-

Utilities

3.3%

-

Real Estate

1.5%

-

Financial Services

IVLU
25.3%
SCHP
0.0%

Industrials

IVLU
17.2%
SCHP

-

Technology

IVLU
11.3%
SCHP

-

Healthcare

IVLU
9.7%
SCHP

-

Basic Materials

IVLU
7.5%
SCHP

-

Consumer Cyclical

IVLU
7.4%
SCHP
100.0%

Consumer Defensive

IVLU
6.3%
SCHP

-

Energy

IVLU
5.1%
SCHP

-

Communication Services

IVLU
4.0%
SCHP

-

Utilities

IVLU
3.3%
SCHP

-

Real Estate

IVLU
1.5%
SCHP

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI International Value Factor ETF

Schwab U.S. TIPS ETF

Often compared with IVLU:
IVLU vs. DFIVIVLU vs. FIVAIVLU vs. VXUSIVLU vs. IDMOIVLU vs. IEFAIVLU vs. DISVIVLU vs. SFNNX
Often compared with SCHP:
SCHP vs. VTIPSCHP vs. TIPSCHP vs. SCHZSCHP vs. FIPDXSCHP vs. STIPSCHP vs. SCHDSCHP vs. BND

Return for Risk

IVLU vs. SCHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVLU
IVLU Risk / Return Rank: 7373
Overall Rank
IVLU Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 7777
Sortino Ratio Rank
IVLU Omega Ratio Rank: 7676
Omega Ratio Rank
IVLU Calmar Ratio Rank: 6767
Calmar Ratio Rank
IVLU Martin Ratio Rank: 6969
Martin Ratio Rank
SCHP
SCHP Risk / Return Rank: 5050
Overall Rank
SCHP Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SCHP Sortino Ratio Rank: 5151
Sortino Ratio Rank
SCHP Omega Ratio Rank: 4545
Omega Ratio Rank
SCHP Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHP Martin Ratio Rank: 5050
Martin Ratio Rank
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. SCHP - 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. TIPS ETF (SCHP). 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.

IVLUSCHPDifference
Sharpe ratioReturn per unit of total volatility
2.17
1.44

+0.73

Sortino ratioReturn per unit of downside risk
2.98
2.19

+0.79

Omega ratioGain probability vs. loss probability

1.39

1.25

+0.13

Calmar ratioReturn relative to maximum drawdown

2.90

2.45

+0.45

Martin ratioReturn relative to average drawdown

11.01

7.41

+3.60

IVLU vs. SCHP - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.17, which is higher than the SCHP Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of IVLU and SCHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IVLU vs. SCHP - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for IVLU and SCHP.

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Drawdown Indicators

IVLUSCHPDifference

Max Drawdown

Largest peak-to-trough decline

-41.85%

-14.26%

-27.59%

Max Drawdown (1Y)

Largest decline over 1 year

-11.69%

-1.93%

-9.76%

Max Drawdown (3Y)

Largest decline over 3 years

-15.48%

-4.48%

-11.00%

Max Drawdown (5Y)

Largest decline over 5 years

-26.04%

-14.26%

-11.78%

Max Drawdown (10Y)

Largest decline over 10 years

-41.85%

-14.26%

-27.59%

Current Drawdown

Current decline from peak

-0.53%

-0.44%

-0.09%

Average Drawdown

Average peak-to-trough decline

-8.57%

-3.93%

-4.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

0.64%

+2.45%

Volatility

IVLU vs. SCHP - Volatility Comparison

iShares MSCI International Value Factor ETF (IVLU) has a higher volatility of 5.44% compared to Schwab U.S. TIPS ETF (SCHP) at 1.02%. This indicates that IVLU's price experiences larger fluctuations and is considered to be riskier than SCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IVLUSCHPDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.44%

1.02%

+4.42%

Volatility (6M)

Calculated over the trailing 6-month period

12.85%

2.24%

+10.61%

Volatility (1Y)

Calculated over the trailing 1-year period

15.65%

3.30%

+12.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.58%

6.12%

+10.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.66%

5.59%

+12.07%

IVLU vs. SCHP - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is higher than SCHP's 0.03% expense ratio.

Dividends

IVLU vs. SCHP - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.28%, less than SCHP's 3.99% yield.

PositionTTM20252024202320222021202020192018201720162015
IVLU
iShares MSCI International Value Factor ETF		3.28%3.71%4.46%4.69%3.59%3.47%2.05%3.53%2.82%2.87%2.53%0.93%
SCHP
Schwab U.S. TIPS ETF		3.99%4.06%2.99%3.02%7.19%4.39%1.11%2.02%2.26%1.90%1.38%0.28%

Frequently Asked Questions

IVLU and SCHP have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IVLU has higher volatility (5.44%) compared to SCHP (1.02%). In terms of maximum drawdown, IVLU dropped -41.85% vs SCHP's -14.26%.

On 10-year performance, IVLU leads with 11.63% vs 2.60% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IVLU has performed better with a 11.63% return vs 2.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHP is cheaper with a 0.03% expense ratio, compared with 0.30% for IVLU.

SCHP has the higher dividend yield at 3.99%, compared with 3.28% for IVLU.

IVLU is categorized as Foreign Large Cap Equities, while SCHP is Inflation-Protected Bonds. IVLU tracks MSCI World ex USA Enhanced Value Index, while SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.30% for IVLU and 0.03% for SCHP.

IVLU currently has the higher Sharpe Ratio (2.17 vs 1.44), 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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