IVSX vs. SCHC

Last updated Jun 24, 2026

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 0.93 suggests significant overlap in exposure. IVSX charges 0.75%/yr vs 0.08%/yr for SCHC.

Performance

IVSX vs. SCHC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Finance IVS International SMID ETF (IVSX) and Schwab International Small-Cap Equity ETF (SCHC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IVSX

• 1D: -1.55%
• 1M: -2.01%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHC

• 1D: -2.44%
• 1M: -4.36%
• YTD: 5.56%
• 6M: 5.19%
• 1Y: 20.90%
• 3Y*: 17.17%
• 5Y*: 5.89%
• 10Y*: 8.41%

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

IVSX vs. SCHC - Yearly Performance Comparison

	2026 (YTD)
IVSX Applied Finance IVS International SMID ETF	-4.13%
SCHC Schwab International Small-Cap Equity ETF	-4.78%

Correlation

The correlation between IVSX and SCHC is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 20, 2026	0.93

Return for Risk

IVSX vs. SCHC — Risk / Return Rank

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

IVSX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SCHC

SCHC Risk / Return Rank: 37
SCHC Sharpe Ratio Rank: 38
SCHC Sortino Ratio Rank: 36
SCHC Omega Ratio Rank: 37
SCHC Calmar Ratio Rank: 35
SCHC Martin Ratio Rank: 40

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.

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 ratio: Return per unit of total volatility	—	1.28	—
Sortino ratio: Return per unit of downside risk	—	1.82	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	1.68	—
Martin ratio: Return relative to average drawdown	—	6.09	—

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.

Drawdown Indicators

	IVSX	SCHC	Difference
Max Drawdown Largest 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	—	-15.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.94%	—
Current Drawdown Current decline from peak	-5.22%	-6.75%	+1.53%
Average Drawdown Average peak-to-trough decline	-4.73%	-10.03%	+5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.44%	—

Volatility

Volatility by Period

	IVSX	SCHC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.05%	16.36%	+3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.05%	17.65%	+2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.05%	17.85%	+2.20%

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 3.47%.

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	3.47%	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

Can I hold both IVSX and SCHC in my portfolio?

With a correlation of 0.93, 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.

Which ETF is better, IVSX or SCHC?

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.

Which ETF is cheaper, IVSX or SCHC?

SCHC is cheaper with a 0.08% expense ratio, compared with 0.75% for IVSX.

Which ETF pays a higher dividend yield, IVSX or SCHC?

SCHC has the higher dividend yield at 3.47%, compared with 0.00% for IVSX.

What is the main difference between IVSX and SCHC?

They also come from different issuers: Applied Finance and Charles Schwab. Their fees differ too: 0.75% for IVSX and 0.08% for SCHC.