SCHE vs. EVLU

Last updated Jul 14, 2026

SCHE (Schwab Emerging Markets Equity ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds - SCHE tracks the FTSE Emerging Index while EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, SCHE returned 22.13% vs 49.87% for EVLU. Their correlation of 0.89 suggests significant overlap in exposure. SCHE charges 0.11%/yr vs 0.35%/yr for EVLU.

Performance

SCHE vs. EVLU - Performance Comparison

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

Returns By Period

In the year-to-date period, SCHE achieves a 9.54% return, which is significantly lower than EVLU's 25.92% 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%

EVLU

• 1D: -2.37%
• 1M: -3.50%
• 6M: 20.72%
• YTD: 25.92%
• 1Y: 49.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCHE vs. EVLU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SCHE Schwab Emerging Markets Equity ETF	9.54%	26.54%	2.09%
EVLU iShares MSCI Emerging Markets Value Factor ETF	25.92%	38.54%	1.21%

Correlation

The correlation between SCHE and EVLU is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.89

The correlation between SCHE and EVLU has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

Return for Risk

SCHE vs. EVLU — Risk / Return Rank

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

SCHE

SCHE Risk / Return Rank: 47
SCHE Sharpe Ratio Rank: 45
SCHE Sortino Ratio Rank: 43
SCHE Omega Ratio Rank: 46
SCHE Calmar Ratio Rank: 49
SCHE Martin Ratio Rank: 50

EVLU

EVLU Risk / Return Rank: 87
EVLU Sharpe Ratio Rank: 91
EVLU Sortino Ratio Rank: 87
EVLU Omega Ratio Rank: 88
EVLU Calmar Ratio Rank: 87
EVLU Martin Ratio Rank: 82

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. EVLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Emerging Markets Equity ETF (SCHE) and iShares MSCI Emerging Markets Value Factor ETF (EVLU). 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.

	SCHE	EVLU	Difference
Sharpe ratio: Return per unit of total volatility	1.26	2.44	-1.17
Sortino ratio: Return per unit of downside risk	1.79	3.14	-1.35
Omega ratio: Gain probability vs. loss probability	1.24	1.44	-0.20
Calmar ratio: Return relative to maximum drawdown	1.97	3.88	-1.92
Martin ratio: Return relative to average drawdown	6.75	12.53	-5.77

SCHE vs. EVLU - Sharpe Ratio Comparison

The current SCHE Sharpe Ratio is 1.26, which is lower than the EVLU Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of SCHE and EVLU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCHE vs. EVLU - Drawdown Comparison

The maximum SCHE drawdown since its inception was -36.20%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for SCHE and EVLU.

Drawdown Indicators

	SCHE	EVLU	Difference
Max Drawdown Largest peak-to-trough decline	-36.20%	-17.17%	-19.03%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-12.90%	+1.61%
Max Drawdown (3Y) Largest decline over 3 years	-17.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.20%	—	—
Current Drawdown Current decline from peak	-3.67%	-8.17%	+4.50%
Average Drawdown Average peak-to-trough decline	-12.53%	-3.61%	-8.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	3.99%	-0.70%

Volatility

SCHE vs. EVLU - Volatility Comparison

The current volatility for Schwab Emerging Markets Equity ETF (SCHE) is 6.54%, while iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a volatility of 7.60%. This indicates that SCHE experiences smaller price fluctuations and is considered to be less risky than EVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHE	EVLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.54%	7.60%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	15.24%	18.21%	-2.97%
Volatility (1Y) Calculated over the trailing 1-year period	17.61%	20.59%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	20.43%	-2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.41%	20.43%	-1.02%

SCHE vs. EVLU - Expense Ratio Comparison

SCHE has a 0.11% expense ratio, which is lower than EVLU's 0.35% expense ratio.

Dividends

SCHE vs. EVLU - Dividend Comparison

SCHE's dividend yield for the trailing twelve months is around 2.66%, less than EVLU's 3.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVLU iShares MSCI Emerging Markets Value Factor ETF	3.86%	5.20%	1.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both SCHE and EVLU in my portfolio?

SCHE and EVLU have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHE or EVLU?

EVLU has higher volatility (7.60%) compared to SCHE (6.54%). In terms of maximum drawdown, SCHE dropped -36.20% vs EVLU's -17.17%.

Which ETF is better, SCHE or EVLU?

On 1-year performance, EVLU leads with 49.87% vs 22.13% for SCHE. On fees, SCHE is cheaper at 0.11% per year. On volatility, SCHE has been the lower-risk option at 6.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHE or EVLU?

Over the 1-year period, EVLU has performed better with a 49.87% return vs 22.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHE or EVLU?

SCHE is cheaper with a 0.11% expense ratio, compared with 0.35% for EVLU.

Which ETF pays a higher dividend yield, SCHE or EVLU?

EVLU has the higher dividend yield at 3.86%, compared with 2.66% for SCHE.

What is the main difference between SCHE and EVLU?

SCHE tracks FTSE Emerging Index, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.11% for SCHE and 0.35% for EVLU.

Which has better risk-adjusted returns?

EVLU currently has the higher Sharpe Ratio (2.44 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.