IVSX vs. SCHC
IVSX (Applied Finance IVS International SMID ETF) and SCHC (Schwab International Small-Cap Equity ETF) are both Foreign Small & Mid Cap Equities funds. IVSX is actively managed, while SCHC is passively managed. Their correlation of 0.91 means they have usually moved in the same direction. IVSX charges 0.75%/yr vs 0.08%/yr for SCHC.
Performance
IVSX vs. SCHC - Performance Comparison
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Returns By Period
IVSX
- 1D
- 0.60%
- 1M
- 2.44%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SCHC
- 1D
- 1.10%
- 1M
- 0.66%
- 6M
- 0.47%
- YTD
- 7.58%
- 1Y
- 19.61%
- 3Y*
- 16.25%
- 5Y*
- 5.89%
- 10Y*
- 7.89%
- ALL TIME*
- 7.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.84K | $7.98K | $13.54K | |
| $14.61M | $16.76M | $17.34M |
IVSX vs. SCHC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IVSX Applied Finance IVS International SMID ETF | 0.28% |
SCHC Schwab International Small-Cap Equity ETF | -2.95% |
Correlation
The correlation between IVSX and SCHC is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 20, 2026 | 0.91 |
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Return for Risk
IVSX vs. SCHC — Risk / Return Rank
IVSX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SCHC
IVSX vs. SCHC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Finance IVS International SMID ETF (IVSX) and Schwab International Small-Cap Equity ETF (SCHC). 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.
| IVSX | SCHC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.58 | — |
| Martin ratioReturn relative to average drawdown | — | 4.88 | — |
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Drawdowns
IVSX vs. SCHC - Drawdown Comparison
The maximum IVSX drawdown since its inception was -11.96%, smaller than the maximum SCHC drawdown of -43.94%. Use the drawdown chart below to compare losses from any high point for IVSX and SCHC.
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Drawdown Indicators
| IVSX | SCHC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.96% | -43.94% | +31.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.48% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.94% | — |
Current DrawdownCurrent decline from peak | -0.86% | -4.97% | +4.11% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -10.01% | +5.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.03% | — |
Volatility
IVSX vs. SCHC - Volatility Comparison
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Volatility by Period
| IVSX | SCHC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.86% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.28% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.81% | 16.61% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.81% | 17.66% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 17.83% | +0.98% |
IVSX vs. SCHC - Expense Ratio Comparison
IVSX has a 0.75% expense ratio, which is higher than SCHC's 0.08% expense ratio.
Dividends
IVSX vs. SCHC - Dividend Comparison
IVSX has not paid dividends to shareholders, while SCHC's dividend yield for the trailing twelve months is around 3.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVSX Applied Finance IVS International SMID ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHC Schwab International Small-Cap Equity ETF | 3.44% | 3.66% | 3.72% | 2.94% | 1.78% | 3.02% | 1.62% | 3.23% | 2.51% | 2.73% | 2.01% | 2.34% |
Frequently Asked Questions
With a correlation of 0.91, IVSX and SCHC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SCHC is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCHC is cheaper with a 0.08% expense ratio, compared with 0.75% for IVSX.
SCHC has the higher dividend yield at 3.44%, compared with 0.00% for IVSX.
They also come from different issuers: Applied Finance and Charles Schwab. Their fees differ too: 0.75% for IVSX and 0.08% for SCHC.
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