SCHF vs. MAIIX
SCHF (Schwab International Equity ETF) and MAIIX (iShares MSCI EAFE International Index Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, SCHF returned 10.82%/yr vs 10.21%/yr for MAIIX. With a 0.97 correlation, they move nearly in lockstep. SCHF charges 0.06%/yr vs 0.09%/yr for MAIIX.
Performance
SCHF vs. MAIIX - Performance Comparison
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Returns By Period
In the year-to-date period, SCHF achieves a 13.98% return, which is significantly higher than MAIIX's 10.90% return. Over the past 10 years, SCHF has outperformed MAIIX with an annualized return of 10.82%, while MAIIX has yielded a comparatively lower 10.21% annualized 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%
MAIIX
- 1D
- 0.19%
- 1M
- 2.19%
- YTD
- 10.90%
- 6M
- 10.39%
- 1Y
- 24.71%
- 3Y*
- 17.68%
- 5Y*
- 9.38%
- 10Y*
- 10.21%
SCHF vs. MAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHF Schwab International Equity ETF | 13.98% | 34.55% | 3.28% | 18.35% | -14.80% | 11.40% | 9.48% | 22.26% | -14.29% | 26.03% |
MAIIX iShares MSCI EAFE International Index Fund | 10.90% | 31.62% | 3.65% | 18.35% | -14.15% | 11.25% | 8.03% | 21.82% | -13.43% | 25.24% |
Correlation
The correlation between SCHF and MAIIX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2009 | 0.97 |
The correlation between SCHF and MAIIX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
SCHF vs. MAIIX — Risk / Return Rank
SCHF
MAIIX
SCHF vs. MAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab International Equity ETF (SCHF) and iShares MSCI EAFE International Index Fund (MAIIX). 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 | MAIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.28 | +0.45 |
| Martin ratioReturn relative to average drawdown | 10.46 | 8.51 | +1.95 |
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Drawdowns
SCHF vs. MAIIX - Drawdown Comparison
The maximum SCHF drawdown since its inception was -34.87%, smaller than the maximum MAIIX drawdown of -61.05%. Use the drawdown chart below to compare losses from any high point for SCHF and MAIIX.
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Drawdown Indicators
| SCHF | MAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -61.05% | +26.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -11.31% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -13.68% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -29.14% | -29.31% | +0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -34.87% | -34.01% | -0.86% |
Current DrawdownCurrent decline from peak | -3.15% | 0.00% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -15.31% | +7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 3.02% | -0.03% |
Volatility
SCHF vs. MAIIX - Volatility Comparison
Schwab International Equity ETF (SCHF) has a higher volatility of 7.22% compared to iShares MSCI EAFE International Index Fund (MAIIX) at 4.80%. This indicates that SCHF's price experiences larger fluctuations and is considered to be riskier than MAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHF | MAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.22% | 4.80% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 12.89% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.92% | 15.53% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.61% | 16.22% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 16.63% | +0.42% |
SCHF vs. MAIIX - Expense Ratio Comparison
SCHF has a 0.06% expense ratio, which is lower than MAIIX's 0.09% 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. MAIIX - Dividend Comparison
SCHF's dividend yield for the trailing twelve months is around 3.00%, less than MAIIX's 3.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 3.34% | 3.71% | 3.38% | 3.16% | 2.76% | 3.00% | 1.94% | 3.29% | 4.53% | 2.42% | 2.81% | 2.40% |
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
With a correlation of 0.96, SCHF and MAIIX 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.
SCHF has higher volatility (7.22%) compared to MAIIX (4.80%). In terms of maximum drawdown, SCHF dropped -34.87% vs MAIIX's -61.05%.
SCHF currently has the higher Sharpe Ratio (1.85 vs 1.66), 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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