MAIIX vs. SCHF
MAIIX (iShares MSCI EAFE International Index Fund) and SCHF (Schwab International Equity ETF) are both Foreign Large Cap Equities funds. Over the past 10 years, MAIIX returned 10.21%/yr vs 10.82%/yr for SCHF. With a 0.97 correlation, they move nearly in lockstep. MAIIX charges 0.09%/yr vs 0.06%/yr for SCHF.
Performance
MAIIX vs. SCHF - Performance Comparison
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Returns By Period
In the year-to-date period, MAIIX achieves a 10.90% return, which is significantly lower than SCHF's 13.98% return. Over the past 10 years, MAIIX has underperformed SCHF with an annualized return of 10.21%, while SCHF has yielded a comparatively higher 10.82% annualized return.
MAIIX
- 1D
- 0.19%
- 1M
- 2.19%
- YTD
- 10.90%
- 6M
- 10.39%
- 1Y
- 24.71%
- 3Y*
- 17.68%
- 5Y*
- 9.38%
- 10Y*
- 10.21%
SCHF
- 1D
- -3.15%
- 1M
- 0.55%
- YTD
- 13.98%
- 6M
- 13.74%
- 1Y
- 31.16%
- 3Y*
- 19.61%
- 5Y*
- 9.76%
- 10Y*
- 10.82%
MAIIX vs. SCHF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 10.90% | 31.62% | 3.65% | 18.35% | -14.15% | 11.25% | 8.03% | 21.82% | -13.43% | 25.24% |
SCHF Schwab International Equity ETF | 13.98% | 34.55% | 3.28% | 18.35% | -14.80% | 11.40% | 9.48% | 22.26% | -14.29% | 26.03% |
Correlation
The correlation between MAIIX and SCHF is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2009 | 0.97 |
The correlation between MAIIX and SCHF has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
MAIIX vs. SCHF — Risk / Return Rank
MAIIX
SCHF
MAIIX vs. SCHF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MAIIX) and Schwab International Equity ETF (SCHF). 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.
| MAIIX | SCHF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.73 | -0.45 |
| Martin ratioReturn relative to average drawdown | 8.51 | 10.46 | -1.95 |
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Drawdowns
MAIIX vs. SCHF - Drawdown Comparison
The maximum MAIIX drawdown since its inception was -61.05%, which is greater than SCHF's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for MAIIX and SCHF.
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Drawdown Indicators
| MAIIX | SCHF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.05% | -34.87% | -26.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -11.48% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -13.41% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -29.14% | -0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -34.87% | +0.86% |
Current DrawdownCurrent decline from peak | 0.00% | -3.15% | +3.15% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -7.36% | -7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.99% | +0.03% |
Volatility
MAIIX vs. SCHF - Volatility Comparison
The current volatility for iShares MSCI EAFE International Index Fund (MAIIX) is 4.80%, while Schwab International Equity ETF (SCHF) has a volatility of 7.22%. This indicates that MAIIX experiences smaller price fluctuations and is considered to be less risky than SCHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIIX | SCHF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 7.22% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 14.80% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 16.92% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.22% | 16.61% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 17.05% | -0.42% |
MAIIX vs. SCHF - Expense Ratio Comparison
MAIIX has a 0.09% expense ratio, which is higher than SCHF's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MAIIX vs. SCHF - Dividend Comparison
MAIIX's dividend yield for the trailing twelve months is around 3.34%, more than SCHF's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 3.34% | 3.71% | 3.38% | 3.16% | 2.76% | 3.00% | 1.94% | 3.29% | 4.53% | 2.42% | 2.81% | 2.40% |
SCHF Schwab International Equity ETF | 3.00% | 3.42% | 3.26% | 2.97% | 2.80% | 3.19% | 2.08% | 2.95% | 3.06% | 2.35% | 2.58% | 2.26% |
Frequently Asked Questions
With a correlation of 0.96, MAIIX and SCHF 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.
SCHF has higher volatility (7.22%) compared to MAIIX (4.80%). In terms of maximum drawdown, MAIIX dropped -61.05% vs SCHF's -34.87%.
SCHF currently has the higher Sharpe Ratio (1.85 vs 1.66), 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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