SCHC vs. IWP

Last updated Jun 9, 2026

SCHC (Schwab International Small-Cap Equity ETF) and IWP (iShares Russell Mid-Cap Growth ETF) are both exchange-traded funds - SCHC is a Foreign Small & Mid Cap Equities fund tracking the FTSE Custom Developed Small Cap ex-US Liquid Net of Tax (Lux), while IWP is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index. Both are passively managed. Over the past 10 years, SCHC returned 7.91%/yr vs 12.22%/yr for IWP. A 0.74 correlation means they provide meaningful diversification when combined. SCHC charges 0.11%/yr vs 0.23%/yr for IWP.

Performance

SCHC vs. IWP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab International Small-Cap Equity ETF (SCHC) and iShares Russell Mid-Cap Growth ETF (IWP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHC achieves a 6.81% return, which is significantly higher than IWP's 1.66% return. Over the past 10 years, SCHC has underperformed IWP with an annualized return of 7.91%, while IWP has yielded a comparatively higher 12.22% annualized return.

SCHC

• 1D: 0.04%
• 1M: -5.20%
• YTD: 6.81%
• 6M: 9.38%
• 1Y: 23.23%
• 3Y*: 16.78%
• 5Y*: 5.72%
• 10Y*: 7.91%

IWP

• 1D: -0.06%
• 1M: 1.28%
• YTD: 1.66%
• 6M: 0.18%
• 1Y: 2.82%
• 3Y*: 15.01%
• 5Y*: 5.99%
• 10Y*: 12.22%

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

SCHC vs. IWP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHC Schwab International Small-Cap Equity ETF	6.81%	37.59%	1.97%	14.36%	-21.74%	12.02%	10.48%	23.10%	-18.60%	29.42%
IWP iShares Russell Mid-Cap Growth ETF	1.66%	8.45%	21.86%	25.70%	-26.90%	12.60%	35.25%	35.04%	-4.89%	24.93%

Correlation

The correlation between SCHC and IWP is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 15, 2010	0.74

The correlation between SCHC and IWP has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

SCHC vs. IWP - Sectors Allocation Comparison

Sectors	SCHC	IWP
Industrials	22.4%	24.2%
Basic Materials	13.7%	0.4%
Financial Services	12.6%	6.9%
Consumer Cyclical	10.0%	21.1%
Technology	9.2%	20.0%
Real Estate	8.6%	1.4%
Energy	6.5%	3.8%
Healthcare	6.5%	13.5%
Consumer Defensive	4.1%	1.5%
Communication Services	3.2%	4.2%
Utilities	3.2%	2.9%

Return for Risk

SCHC vs. IWP — Risk / Return Rank

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

SCHC

SCHC Risk / Return Rank: 45
SCHC Sharpe Ratio Rank: 47
SCHC Sortino Ratio Rank: 45
SCHC Omega Ratio Rank: 47
SCHC Calmar Ratio Rank: 42
SCHC Martin Ratio Rank: 47

IWP

IWP Risk / Return Rank: 12
IWP Sharpe Ratio Rank: 12
IWP Sortino Ratio Rank: 12
IWP Omega Ratio Rank: 11
IWP Calmar Ratio Rank: 12
IWP Martin Ratio Rank: 12

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.

SCHC vs. IWP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Small-Cap Equity ETF (SCHC) and iShares Russell Mid-Cap Growth ETF (IWP). 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.

	SCHC	IWP	Difference
Sharpe ratio: Return per unit of total volatility	1.47	0.17	+1.30
Sortino ratio: Return per unit of downside risk	2.05	0.36	+1.69
Omega ratio: Gain probability vs. loss probability	1.27	1.04	+0.23
Calmar ratio: Return relative to maximum drawdown	1.87	0.19	+1.68
Martin ratio: Return relative to average drawdown	7.03	0.56	+6.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHC vs. IWP - Sharpe Ratio Comparison

The current SCHC Sharpe Ratio is 1.47, which is higher than the IWP Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of SCHC and IWP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCHC	IWP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	0.17	+1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.27	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.57	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.42	-0.03

Drawdowns

SCHC vs. IWP - Drawdown Comparison

The maximum SCHC drawdown since its inception was -43.94%, smaller than the maximum IWP drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for SCHC and IWP.

Drawdown Indicators

	SCHC	IWP	Difference
Max Drawdown Largest peak-to-trough decline	-43.94%	-56.92%	+12.98%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	-14.79%	+2.31%
Max Drawdown (3Y) Largest decline over 3 years	-15.52%	-25.20%	+9.68%
Max Drawdown (5Y) Largest decline over 5 years	-36.48%	-38.62%	+2.14%
Max Drawdown (10Y) Largest decline over 10 years	-43.94%	-38.62%	-5.32%
Current Drawdown Current decline from peak	-5.65%	-4.08%	-1.57%
Average Drawdown Average peak-to-trough decline	-10.05%	-9.68%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	5.08%	-1.77%

Volatility

SCHC vs. IWP - Volatility Comparison

Schwab International Small-Cap Equity ETF (SCHC) has a higher volatility of 5.47% compared to iShares Russell Mid-Cap Growth ETF (IWP) at 4.62%. This indicates that SCHC's price experiences larger fluctuations and is considered to be riskier than IWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHC	IWP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.47%	4.62%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	13.49%	12.93%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	15.86%	16.71%	-0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.56%	22.34%	-4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	21.70%	-3.68%

SCHC vs. IWP - Expense Ratio Comparison

SCHC has a 0.11% expense ratio, which is lower than IWP's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SCHC vs. IWP - Dividend Comparison

SCHC's dividend yield for the trailing twelve months is around 3.43%, more than IWP's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWP iShares Russell Mid-Cap Growth ETF	0.33%	0.37%	0.40%	0.54%	0.77%	0.30%	0.38%	0.59%	1.02%	0.78%	1.16%	0.98%
SCHC Schwab International Small-Cap Equity ETF	3.43%	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 SCHC and IWP in my portfolio?

SCHC and IWP have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHC or IWP?

SCHC has higher volatility (5.47%) compared to IWP (4.62%). In terms of maximum drawdown, SCHC dropped -43.94% vs IWP's -56.92%.

Which ETF is better, SCHC or IWP?

On 10-year performance, IWP leads with 12.22% vs 7.91% for SCHC. On fees, SCHC is cheaper at 0.11% per year. On volatility, IWP has been the lower-risk option at 4.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHC or IWP?

Over the 10-year period, IWP has performed better with a 12.22% return vs 7.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHC or IWP?

SCHC is cheaper with a 0.11% expense ratio, compared with 0.23% for IWP.

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

SCHC has the higher dividend yield at 3.43%, compared with 0.33% for IWP.

What is the main difference between SCHC and IWP?

SCHC is categorized as Foreign Small & Mid Cap Equities, while IWP is Mid Cap Growth Equities. SCHC tracks FTSE Custom Developed Small Cap ex-US Liquid Net of Tax (Lux), while IWP tracks Russell Midcap Growth Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.11% for SCHC and 0.23% for IWP.

Which has better risk-adjusted returns?

SCHC currently has the higher Sharpe Ratio (1.47 vs 0.17), 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.