SCHC vs. SCHE

Last updated Apr 2, 2026

Compare and contrast key facts about Schwab International Small-Cap Equity ETF (SCHC) and Schwab Emerging Markets Equity ETF (SCHE).

SCHC and SCHE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHC is a passively managed fund by Charles Schwab that tracks the performance of the FTSE Custom Developed Small Cap ex-US Liquid Net of Tax (Lux). It was launched on Jan 14, 2010. SCHE is a passively managed fund by Charles Schwab that tracks the performance of the FTSE All-World Emerging. It was launched on Jan 14, 2010. Both SCHC and SCHE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SCHC vs. SCHE - Performance Comparison

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

SCHC vs. SCHE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHC Schwab International Small-Cap Equity ETF	4.13%	37.59%	1.97%	14.36%	-21.74%	12.02%	10.48%	23.10%	-18.60%	29.42%
SCHE Schwab Emerging Markets Equity ETF	0.89%	26.54%	10.60%	8.93%	-17.84%	-0.65%	14.49%	20.31%	-13.57%	32.70%

Returns By Period

In the year-to-date period, SCHC achieves a 4.13% return, which is significantly higher than SCHE's 0.89% return. Both investments have delivered pretty close results over the past 10 years, with SCHC having a 8.03% annualized return and SCHE not far behind at 7.71%.

SCHC

• 1D: 1.43%
• 1M: -6.84%
• YTD: 4.13%
• 6M: 7.53%
• 1Y: 36.78%
• 3Y*: 15.97%
• 5Y*: 6.55%
• 10Y*: 8.03%

SCHE

• 1D: 0.27%
• 1M: -5.17%
• YTD: 0.89%
• 6M: 1.12%
• 1Y: 22.64%
• 3Y*: 14.08%
• 5Y*: 3.73%
• 10Y*: 7.71%

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

SCHC vs. SCHE - Expense Ratio Comparison

Both SCHC and SCHE have an expense ratio of 0.11%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

SCHC

Schwab International Small-Cap Equity ETF

SCHE

Schwab Emerging Markets Equity ETF

Return for Risk

SCHC vs. SCHE — Risk / Return Rank

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

SCHC

SCHC Risk / Return Rank: 91
SCHC Sharpe Ratio Rank: 91
SCHC Sortino Ratio Rank: 92
SCHC Omega Ratio Rank: 93
SCHC Calmar Ratio Rank: 89
SCHC Martin Ratio Rank: 89

SCHE

SCHE Risk / Return Rank: 69
SCHE Sharpe Ratio Rank: 69
SCHE Sortino Ratio Rank: 68
SCHE Omega Ratio Rank: 68
SCHE Calmar Ratio Rank: 72
SCHE Martin Ratio Rank: 68

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. SCHE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Small-Cap Equity ETF (SCHC) and Schwab Emerging Markets Equity ETF (SCHE). 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	SCHE	Difference
Sharpe ratio Return per unit of total volatility	2.12	1.25	+0.88
Sortino ratio Return per unit of downside risk	2.81	1.78	+1.03
Omega ratio Gain probability vs. loss probability	1.43	1.26	+0.17
Calmar ratio Return relative to maximum drawdown	2.97	1.92	+1.05
Martin ratio Return relative to average drawdown	11.87	7.21	+4.66
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. SCHE - Sharpe Ratio Comparison

The current SCHC Sharpe Ratio is 2.12, which is higher than the SCHE Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of SCHC and SCHE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SCHC	SCHE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	1.25	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.21	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.40	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.22	+0.16

Correlation

The correlation between SCHC and SCHE is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SCHC vs. SCHE - Dividend Comparison

SCHC's dividend yield for the trailing twelve months is around 3.52%, more than SCHE's 2.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHC Schwab International Small-Cap Equity ETF	3.52%	3.66%	3.72%	2.94%	1.78%	3.02%	1.62%	3.23%	2.51%	2.73%	2.01%	2.34%
SCHE Schwab Emerging Markets Equity ETF	2.85%	2.88%	3.03%	3.83%	2.88%	2.86%	2.09%	3.27%	2.64%	2.31%	2.27%	2.50%

Drawdowns

SCHC vs. SCHE - Drawdown Comparison

The maximum SCHC drawdown since its inception was -43.94%, which is greater than SCHE's maximum drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for SCHC and SCHE.

Drawdown Indicators

	SCHC	SCHE	Difference
Max Drawdown Largest peak-to-trough decline	-43.94%	-36.20%	-7.74%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	-12.14%	-0.34%
Max Drawdown (5Y) Largest decline over 5 years	-36.48%	-33.77%	-2.71%
Max Drawdown (10Y) Largest decline over 10 years	-43.94%	-36.20%	-7.74%
Current Drawdown Current decline from peak	-8.01%	-8.15%	+0.14%
Average Drawdown Average peak-to-trough decline	-10.13%	-12.71%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	3.23%	-0.11%

Volatility

SCHC vs. SCHE - Volatility Comparison

Schwab International Small-Cap Equity ETF (SCHC) and Schwab Emerging Markets Equity ETF (SCHE) have volatilities of 7.41% and 7.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHC	SCHE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	7.69%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	11.82%	12.64%	-0.82%
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	18.23%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.33%	17.51%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	19.42%	-1.54%