SCHF vs. FIVA

Last updated Jun 24, 2026

SCHF (Schwab International Equity ETF) and FIVA (Fidelity International Value Factor ETF) are both Foreign Large Cap Equities funds - SCHF tracks the FTSE Developed ex U.S. Index while FIVA tracks the Fidelity International Value Factor Index. Both are passively managed. Over the past 5 years, SCHF returned 9.76%/yr vs 13.11%/yr for FIVA. Their correlation of 0.92 suggests significant overlap in exposure. SCHF charges 0.06%/yr vs 0.18%/yr for FIVA.

Performance

SCHF vs. FIVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab International Equity ETF (SCHF) and Fidelity International Value Factor ETF (FIVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHF achieves a 13.98% return, which is significantly higher than FIVA's 13.25% return.

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%

FIVA

• 1D: -2.31%
• 1M: 1.70%
• YTD: 13.25%
• 6M: 13.22%
• 1Y: 37.08%
• 3Y*: 22.73%
• 5Y*: 13.11%
• 10Y*: —

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

SCHF vs. FIVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SCHF Schwab International Equity ETF	13.98%	34.55%	3.28%	18.35%	-14.80%	11.40%	9.48%	22.26%	-18.18%
FIVA Fidelity International Value Factor ETF	13.25%	45.83%	2.53%	20.38%	-10.37%	15.90%	-1.78%	19.78%	-18.62%

Correlation

The correlation between SCHF and FIVA is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018	0.92

The correlation between SCHF and FIVA has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

SCHF vs. FIVA - Sectors Allocation Comparison

Sectors	SCHF	FIVA
Financial Services	23.3%	27.4%
Industrials	18.1%	16.5%
Technology	17.6%	15.2%
Basic Materials	7.4%	7.7%
Consumer Cyclical	7.3%	6.6%
Healthcare	7.0%	8.0%
Consumer Defensive	5.7%	5.2%
Energy	4.7%	4.9%
Communication Services	3.6%	3.0%
Utilities	3.2%	3.3%
Real Estate	2.0%	1.5%

Return for Risk

SCHF vs. FIVA — Risk / Return Rank

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

SCHF

SCHF Risk / Return Rank: 57
SCHF Sharpe Ratio Rank: 56
SCHF Sortino Ratio Rank: 54
SCHF Omega Ratio Rank: 56
SCHF Calmar Ratio Rank: 57
SCHF Martin Ratio Rank: 60

FIVA

FIVA Risk / Return Rank: 73
FIVA Sharpe Ratio Rank: 77
FIVA Sortino Ratio Rank: 76
FIVA Omega Ratio Rank: 73
FIVA Calmar Ratio Rank: 67
FIVA Martin Ratio Rank: 70

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.

SCHF vs. FIVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Equity ETF (SCHF) and Fidelity International Value Factor ETF (FIVA). 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.

	SCHF	FIVA	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.34	-0.49
Sortino ratio: Return per unit of downside risk	2.52	3.21	-0.69
Omega ratio: Gain probability vs. loss probability	1.34	1.41	-0.07
Calmar ratio: Return relative to maximum drawdown	2.73	3.18	-0.45
Martin ratio: Return relative to average drawdown	10.46	12.44	-1.97

SCHF vs. FIVA - Sharpe Ratio Comparison

The current SCHF Sharpe Ratio is 1.85, which is comparable to the FIVA Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of SCHF and FIVA, 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

SCHF vs. FIVA - Drawdown Comparison

The maximum SCHF drawdown since its inception was -34.87%, smaller than the maximum FIVA drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for SCHF and FIVA.

Drawdown Indicators

	SCHF	FIVA	Difference
Max Drawdown Largest peak-to-trough decline	-34.87%	-39.76%	+4.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-11.71%	+0.23%
Max Drawdown (3Y) Largest decline over 3 years	-13.41%	-14.77%	+1.36%
Max Drawdown (5Y) Largest decline over 5 years	-29.14%	-28.70%	-0.44%
Max Drawdown (10Y) Largest decline over 10 years	-34.87%	—	—
Current Drawdown Current decline from peak	-3.15%	-2.31%	-0.84%
Average Drawdown Average peak-to-trough decline	-7.36%	-7.73%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	2.99%	0.00%

Volatility

SCHF vs. FIVA - Volatility Comparison

Schwab International Equity ETF (SCHF) has a higher volatility of 7.22% compared to Fidelity International Value Factor ETF (FIVA) at 6.05%. This indicates that SCHF's price experiences larger fluctuations and is considered to be riskier than FIVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHF	FIVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.22%	6.05%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	14.80%	13.46%	+1.34%
Volatility (1Y) Calculated over the trailing 1-year period	16.92%	15.95%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	16.45%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	17.95%	-0.90%

SCHF vs. FIVA - Expense Ratio Comparison

SCHF has a 0.06% expense ratio, which is lower than FIVA's 0.18% 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

SCHF vs. FIVA - Dividend Comparison

SCHF's dividend yield for the trailing twelve months is around 3.00%, more than FIVA's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVA Fidelity International Value Factor ETF	2.66%	2.68%	3.52%	3.63%	3.62%	3.76%	2.46%	3.61%	3.28%	0.00%	0.00%	0.00%
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

Can I hold both SCHF and FIVA in my portfolio?

With a correlation of 0.94, SCHF and FIVA 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.

Which is riskier, SCHF or FIVA?

SCHF has higher volatility (7.22%) compared to FIVA (6.05%). In terms of maximum drawdown, SCHF dropped -34.87% vs FIVA's -39.76%.

Which ETF is better, SCHF or FIVA?

On 5-year performance, FIVA leads with 13.11% vs 9.76% for SCHF. On fees, SCHF is cheaper at 0.06% per year. On volatility, FIVA has been the lower-risk option at 6.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHF or FIVA?

Over the 5-year period, FIVA has performed better with a 13.11% return vs 9.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHF or FIVA?

SCHF is cheaper with a 0.06% expense ratio, compared with 0.18% for FIVA.

Which ETF pays a higher dividend yield, SCHF or FIVA?

SCHF has the higher dividend yield at 3.00%, compared with 2.66% for FIVA.

What is the main difference between SCHF and FIVA?

SCHF tracks FTSE Developed ex U.S. Index, while FIVA tracks Fidelity International Value Factor Index. They also come from different issuers: Charles Schwab and Fidelity. Their fees differ too: 0.06% for SCHF and 0.18% for FIVA.

Which has better risk-adjusted returns?

FIVA currently has the higher Sharpe Ratio (2.34 vs 1.85), 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.