SCHY vs. UDIV

Last updated Jun 4, 2026

SCHY (Schwab International Dividend Equity ETF) and UDIV (Franklin U.S. Core Dividend Tilt Index ETF) are both Dividend funds - SCHY tracks the Dow Jones International Dividend 100 Index while UDIV tracks the Linked Morningstar US Dividend Enhanced Select Index. Both are passively managed. Over the past 5 years, SCHY returned 7.96%/yr vs 14.04%/yr for UDIV. A 0.66 correlation means they provide meaningful diversification when combined. SCHY charges 0.08%/yr vs 0.06%/yr for UDIV.

Performance

SCHY vs. UDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab International Dividend Equity ETF (SCHY) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHY achieves a 7.94% return, which is significantly lower than UDIV's 14.99% return.

SCHY

• 1D: -0.93%
• 1M: 0.50%
• YTD: 7.94%
• 6M: 10.00%
• 1Y: 22.39%
• 3Y*: 15.09%
• 5Y*: 7.96%
• 10Y*: —

UDIV

• 1D: -0.69%
• 1M: 6.05%
• YTD: 14.99%
• 6M: 14.91%
• 1Y: 33.63%
• 3Y*: 24.66%
• 5Y*: 14.04%
• 10Y*: —

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

SCHY vs. UDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SCHY Schwab International Dividend Equity ETF	7.94%	33.98%	-1.79%	14.27%	-9.43%	4.08%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	14.99%	19.00%	25.61%	25.21%	-15.00%	9.95%

Correlation

The correlation between SCHY and UDIV is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Apr 30, 2021	0.66

The correlation between SCHY and UDIV shifts across timeframes, from 0.54 (3 years) to 0.66 (all time), reflecting how their relationship changes across market environments.

SCHY vs. UDIV - Sectors Allocation Comparison

Sectors	SCHY	UDIV
Financial Services	15.8%	11.3%
Communication Services	15.8%	10.7%
Consumer Defensive	14.8%	5.7%
Industrials	13.8%	5.8%
Energy	10.3%	3.7%
Consumer Cyclical	7.9%	8.7%
Utilities	7.4%	3.0%
Basic Materials	5.7%	0.8%
Healthcare	4.0%	7.4%
Technology	3.8%	39.0%
Real Estate	0.9%	3.7%

Return for Risk

SCHY vs. UDIV — Risk / Return Rank

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

SCHY

SCHY Risk / Return Rank: 51
SCHY Sharpe Ratio Rank: 54
SCHY Sortino Ratio Rank: 52
SCHY Omega Ratio Rank: 53
SCHY Calmar Ratio Rank: 49
SCHY Martin Ratio Rank: 47

UDIV

UDIV Risk / Return Rank: 83
UDIV Sharpe Ratio Rank: 85
UDIV Sortino Ratio Rank: 84
UDIV Omega Ratio Rank: 84
UDIV Calmar Ratio Rank: 78
UDIV Martin Ratio Rank: 86

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.

SCHY vs. UDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Dividend Equity ETF (SCHY) and Franklin U.S. Core Dividend Tilt Index ETF (UDIV). 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.

	SCHY	UDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.83	-0.94
Sortino ratio: Return per unit of downside risk	2.59	3.81	-1.21
Omega ratio: Gain probability vs. loss probability	1.34	1.52	-0.18
Calmar ratio: Return relative to maximum drawdown	2.47	4.00	-1.53
Martin ratio: Return relative to average drawdown	7.90	18.28	-10.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHY vs. UDIV - Sharpe Ratio Comparison

The current SCHY Sharpe Ratio is 1.89, which is lower than the UDIV Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of SCHY and UDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCHY	UDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.83	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.91	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.74	-0.08

Drawdowns

SCHY vs. UDIV - Drawdown Comparison

The maximum SCHY drawdown since its inception was -24.04%, smaller than the maximum UDIV drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for SCHY and UDIV.

Drawdown Indicators

	SCHY	UDIV	Difference
Max Drawdown Largest peak-to-trough decline	-24.04%	-35.21%	+11.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-8.44%	-0.67%
Max Drawdown (3Y) Largest decline over 3 years	-12.16%	-19.19%	+7.03%
Max Drawdown (5Y) Largest decline over 5 years	-24.04%	-23.18%	-0.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.21%	—
Current Drawdown Current decline from peak	-5.13%	-0.69%	-4.44%
Average Drawdown Average peak-to-trough decline	-4.97%	-4.64%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	1.84%	+1.00%

Volatility

SCHY vs. UDIV - Volatility Comparison

Schwab International Dividend Equity ETF (SCHY) has a higher volatility of 3.41% compared to Franklin U.S. Core Dividend Tilt Index ETF (UDIV) at 2.98%. This indicates that SCHY's price experiences larger fluctuations and is considered to be riskier than UDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHY	UDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	2.98%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	9.79%	8.99%	+0.80%
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	11.95%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.25%	15.51%	-2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.23%	16.27%	-3.04%

SCHY vs. UDIV - Expense Ratio Comparison

SCHY has a 0.08% expense ratio, which is higher than UDIV's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SCHY vs. UDIV - Dividend Comparison

SCHY's dividend yield for the trailing twelve months is around 3.44%, more than UDIV's 1.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SCHY Schwab International Dividend Equity ETF	3.44%	3.55%	4.64%	3.97%	3.67%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	1.40%	1.53%	2.05%	1.91%	3.20%	2.97%	2.90%	3.40%	3.74%	3.47%	1.63%

Frequently Asked Questions

Can I hold both SCHY and UDIV in my portfolio?

SCHY and UDIV have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHY or UDIV?

SCHY has higher volatility (3.41%) compared to UDIV (2.98%). In terms of maximum drawdown, SCHY dropped -24.04% vs UDIV's -35.21%.

Which ETF is better, SCHY or UDIV?

On 5-year performance, UDIV leads with 14.04% vs 7.96% for SCHY. On fees, UDIV is cheaper at 0.06% per year. On volatility, UDIV has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHY or UDIV?

Over the 5-year period, UDIV has performed better with a 14.04% return vs 7.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHY or UDIV?

UDIV is cheaper with a 0.06% expense ratio, compared with 0.08% for SCHY.

Which ETF pays a higher dividend yield, SCHY or UDIV?

SCHY has the higher dividend yield at 3.44%, compared with 1.40% for UDIV.

What is the main difference between SCHY and UDIV?

SCHY tracks Dow Jones International Dividend 100 Index, while UDIV tracks Linked Morningstar US Dividend Enhanced Select Index. They also come from different issuers: Charles Schwab and Franklin Templeton. Their fees differ too: 0.08% for SCHY and 0.06% for UDIV.

Which has better risk-adjusted returns?

UDIV currently has the higher Sharpe Ratio (2.83 vs 1.89), 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.