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SCHE vs. DVYE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHE vs. DVYE

Last updated Jul 14, 2026
Documentation

SCHE (Schwab Emerging Markets Equity ETF) and DVYE (iShares Emerging Markets Dividend ETF) are both Emerging Markets Equities funds - SCHE tracks the FTSE Emerging Index while DVYE tracks the Dow Jones Emerging Markets Select Dividend Index (Net). Both are passively managed. Over the past 10 years, SCHE returned 7.95%/yr vs 6.63%/yr for DVYE. Their correlation of 0.85 suggests significant overlap in exposure. SCHE charges 0.11%/yr vs 0.50%/yr for DVYE.

Performance

SCHE vs. DVYE - Performance Comparison

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

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Returns By Period

In the year-to-date period, SCHE achieves a 9.54% return, which is significantly higher than DVYE's 7.73% return. Over the past 10 years, SCHE has outperformed DVYE with an annualized return of 7.95%, while DVYE has yielded a comparatively lower 6.63% annualized return.

SCHE

1D
-1.89%
1M
-0.87%
6M
4.41%
YTD
9.54%
1Y
22.13%
3Y*
15.66%
5Y*
5.20%
10Y*
7.95%

DVYE

1D
-1.02%
1M
-2.86%
6M
4.22%
YTD
7.73%
1Y
19.32%
3Y*
19.05%
5Y*
5.16%
10Y*
6.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHE vs. DVYE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHE
Schwab Emerging Markets Equity ETF		9.54%26.54%10.60%8.93%-17.84%-0.65%14.49%20.31%-13.57%32.70%
DVYE
iShares Emerging Markets Dividend ETF		7.73%28.36%8.89%20.88%-31.38%11.02%-2.51%15.41%-5.56%27.04%

Correlation

The correlation between SCHE and DVYE is 0.74, 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

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.79

Correlation (10Y)
Calculated over the trailing 10-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Feb 24, 2012

0.85

The correlation between SCHE and DVYE shifts across timeframes, from 0.74 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

SCHE vs. DVYE - Sectors Allocation Comparison

Sectors
SCHE
DVYE

Technology

33.7%
8.4%

Financial Services

20.0%
28.5%

Consumer Cyclical

9.6%
4.3%

Basic Materials

7.5%
8.8%

Communication Services

7.1%
1.7%

Industrials

6.7%
17.0%

Energy

4.4%
18.2%

Consumer Defensive

3.4%
2.1%

Healthcare

3.2%

-

Utilities

2.8%
7.0%

Real Estate

1.6%
4.0%

Technology

SCHE
33.7%
DVYE
8.4%

Financial Services

SCHE
20.0%
DVYE
28.5%

Consumer Cyclical

SCHE
9.6%
DVYE
4.3%

Basic Materials

SCHE
7.5%
DVYE
8.8%

Communication Services

SCHE
7.1%
DVYE
1.7%

Industrials

SCHE
6.7%
DVYE
17.0%

Energy

SCHE
4.4%
DVYE
18.2%

Consumer Defensive

SCHE
3.4%
DVYE
2.1%

Healthcare

SCHE
3.2%
DVYE

-

Utilities

SCHE
2.8%
DVYE
7.0%

Real Estate

SCHE
1.6%
DVYE
4.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab Emerging Markets Equity ETF

iShares Emerging Markets Dividend ETF

Often compared with SCHE:
SCHE vs. SCHFSCHE vs. VWOSCHE vs. IEMGSCHE vs. FNDESCHE vs. SWISXSCHE vs. SFENXSCHE vs. EEM
Often compared with DVYE:
DVYE vs. DEMDVYE vs. DVYDVYE vs. DVYADVYE vs. SCHDDVYE vs. IQDYDVYE vs. QQQDVYE vs. SOXL

Return for Risk

SCHE vs. DVYE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHE
SCHE Risk / Return Rank: 4747
Overall Rank
SCHE Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
SCHE Sortino Ratio Rank: 4343
Sortino Ratio Rank
SCHE Omega Ratio Rank: 4646
Omega Ratio Rank
SCHE Calmar Ratio Rank: 4949
Calmar Ratio Rank
SCHE Martin Ratio Rank: 5050
Martin Ratio Rank
DVYE
DVYE Risk / Return Rank: 4747
Overall Rank
DVYE Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
DVYE Sortino Ratio Rank: 4343
Sortino Ratio Rank
DVYE Omega Ratio Rank: 4444
Omega Ratio Rank
DVYE Calmar Ratio Rank: 5252
Calmar Ratio Rank
DVYE Martin Ratio Rank: 4747
Martin Ratio Rank
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.

SCHE vs. DVYE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Emerging Markets Equity ETF (SCHE) and iShares Emerging Markets Dividend ETF (DVYE). 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.

SCHEDVYEDifference
Sharpe ratioReturn per unit of total volatility
1.26
1.30

-0.04

Sortino ratioReturn per unit of downside risk
1.79
1.81

-0.03

Omega ratioGain probability vs. loss probability

1.24

1.23

+0.01

Calmar ratioReturn relative to maximum drawdown

1.97

2.10

-0.13

Martin ratioReturn relative to average drawdown

6.75

6.20

+0.55

SCHE vs. DVYE - Sharpe Ratio Comparison

The current SCHE Sharpe Ratio is 1.26, which is comparable to the DVYE Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of SCHE and DVYE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SCHE vs. DVYE - Drawdown Comparison

The maximum SCHE drawdown since its inception was -36.20%, smaller than the maximum DVYE drawdown of -47.42%. Use the drawdown chart below to compare losses from any high point for SCHE and DVYE.

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Drawdown Indicators

SCHEDVYEDifference

Max Drawdown

Largest peak-to-trough decline

-36.20%

-47.42%

+11.22%

Max Drawdown (1Y)

Largest decline over 1 year

-11.29%

-9.26%

-2.03%

Max Drawdown (3Y)

Largest decline over 3 years

-17.08%

-14.63%

-2.45%

Max Drawdown (5Y)

Largest decline over 5 years

-31.40%

-40.89%

+9.49%

Max Drawdown (10Y)

Largest decline over 10 years

-36.20%

-40.89%

+4.69%

Current Drawdown

Current decline from peak

-3.67%

-6.44%

+2.77%

Average Drawdown

Average peak-to-trough decline

-12.53%

-15.31%

+2.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.29%

3.12%

+0.17%

Volatility

SCHE vs. DVYE - Volatility Comparison

Schwab Emerging Markets Equity ETF (SCHE) has a higher volatility of 6.54% compared to iShares Emerging Markets Dividend ETF (DVYE) at 4.88%. This indicates that SCHE's price experiences larger fluctuations and is considered to be riskier than DVYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHEDVYEDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.54%

4.88%

+1.66%

Volatility (6M)

Calculated over the trailing 6-month period

15.24%

12.58%

+2.66%

Volatility (1Y)

Calculated over the trailing 1-year period

17.61%

14.93%

+2.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.90%

17.12%

+0.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.41%

18.28%

+1.13%

SCHE vs. DVYE - Expense Ratio Comparison

SCHE has a 0.11% expense ratio, which is lower than DVYE's 0.50% expense ratio.

Dividends

SCHE vs. DVYE - Dividend Comparison

SCHE's dividend yield for the trailing twelve months is around 2.66%, less than DVYE's 5.00% yield.

PositionTTM20252024202320222021202020192018201720162015
DVYE
iShares Emerging Markets Dividend ETF		5.00%5.88%11.81%9.05%9.89%7.31%5.27%5.97%5.69%4.81%4.56%6.53%
SCHE
Schwab Emerging Markets Equity ETF		2.66%2.88%3.03%3.83%2.88%2.86%2.09%3.27%2.64%2.31%2.27%2.50%

Frequently Asked Questions

SCHE and DVYE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHE has higher volatility (6.54%) compared to DVYE (4.88%). In terms of maximum drawdown, SCHE dropped -36.20% vs DVYE's -47.42%.

On 10-year performance, SCHE leads with 7.95% vs 6.63% for DVYE. On fees, SCHE is cheaper at 0.11% per year. On volatility, DVYE has been the lower-risk option at 4.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHE has performed better with a 7.95% return vs 6.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHE is cheaper with a 0.11% expense ratio, compared with 0.50% for DVYE.

DVYE has the higher dividend yield at 5.00%, compared with 2.66% for SCHE.

SCHE tracks FTSE Emerging Index, while DVYE tracks Dow Jones Emerging Markets Select Dividend Index (Net). They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.11% for SCHE and 0.50% for DVYE.

DVYE currently has the higher Sharpe Ratio (1.30 vs 1.26), 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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