VIOV vs. SCHC

Last updated Jun 24, 2026

VIOV (Vanguard S&P Small-Cap 600 Value ETF) and SCHC (Schwab International Small-Cap Equity ETF) are both exchange-traded funds - VIOV is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while SCHC is a Foreign Small & Mid Cap Equities fund tracking the FTSE Developed Small Cap ex U.S. Liquid Index. Both are passively managed. Over the past 10 years, VIOV returned 10.66%/yr vs 8.41%/yr for SCHC. A 0.67 correlation means they provide meaningful diversification when combined. VIOV charges 0.10%/yr vs 0.08%/yr for SCHC.

Performance

VIOV vs. SCHC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Small-Cap 600 Value ETF (VIOV) and Schwab International Small-Cap Equity ETF (SCHC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIOV achieves a 17.53% return, which is significantly higher than SCHC's 5.56% return. Over the past 10 years, VIOV has outperformed SCHC with an annualized return of 10.66%, while SCHC has yielded a comparatively lower 8.41% annualized return.

VIOV

• 1D: -0.26%
• 1M: 2.94%
• YTD: 17.53%
• 6M: 15.94%
• 1Y: 37.82%
• 3Y*: 15.57%
• 5Y*: 6.32%
• 10Y*: 10.66%

SCHC

• 1D: -2.44%
• 1M: -4.36%
• YTD: 5.56%
• 6M: 5.19%
• 1Y: 20.90%
• 3Y*: 17.17%
• 5Y*: 5.89%
• 10Y*: 8.41%

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

VIOV vs. SCHC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIOV Vanguard S&P Small-Cap 600 Value ETF	17.53%	6.63%	7.44%	15.36%	-11.37%	30.67%	2.81%	24.44%	-12.85%	11.54%
SCHC Schwab International Small-Cap Equity ETF	5.56%	37.59%	1.97%	14.36%	-21.74%	12.02%	10.48%	23.10%	-18.60%	29.42%

Correlation

The correlation between VIOV and SCHC is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.67

The correlation between VIOV and SCHC has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

VIOV vs. SCHC - Sectors Allocation Comparison

Sectors	VIOV	SCHC
Financial Services	19.5%	13.1%
Consumer Cyclical	15.4%	7.4%
Technology	13.5%	6.7%
Industrials	11.6%	16.1%
Real Estate	8.6%	5.0%
Healthcare	7.3%	3.7%
Energy	7.0%	4.4%
Basic Materials	6.7%	11.7%
Communication Services	4.4%	2.2%
Consumer Defensive	3.9%	3.1%
Utilities	2.1%	2.2%

Return for Risk

VIOV vs. SCHC — Risk / Return Rank

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

VIOV

VIOV Risk / Return Rank: 69
VIOV Sharpe Ratio Rank: 66
VIOV Sortino Ratio Rank: 68
VIOV Omega Ratio Rank: 60
VIOV Calmar Ratio Rank: 80
VIOV Martin Ratio Rank: 74

SCHC

SCHC Risk / Return Rank: 37
SCHC Sharpe Ratio Rank: 38
SCHC Sortino Ratio Rank: 36
SCHC Omega Ratio Rank: 37
SCHC Calmar Ratio Rank: 35
SCHC Martin Ratio Rank: 40

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.

VIOV vs. SCHC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Value ETF (VIOV) and Schwab International Small-Cap Equity ETF (SCHC). 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.

	VIOV	SCHC	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.28	+0.78
Sortino ratio: Return per unit of downside risk	2.96	1.82	+1.14
Omega ratio: Gain probability vs. loss probability	1.35	1.24	+0.11
Calmar ratio: Return relative to maximum drawdown	4.07	1.68	+2.39
Martin ratio: Return relative to average drawdown	13.34	6.09	+7.25

VIOV vs. SCHC - Sharpe Ratio Comparison

The current VIOV Sharpe Ratio is 2.06, which is higher than the SCHC Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of VIOV and SCHC, 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

VIOV vs. SCHC - Drawdown Comparison

The maximum VIOV drawdown since its inception was -47.36%, which is greater than SCHC's maximum drawdown of -43.94%. Use the drawdown chart below to compare losses from any high point for VIOV and SCHC.

Drawdown Indicators

	VIOV	SCHC	Difference
Max Drawdown Largest peak-to-trough decline	-47.36%	-43.94%	-3.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.33%	-12.48%	+3.15%
Max Drawdown (3Y) Largest decline over 3 years	-28.44%	-15.52%	-12.92%
Max Drawdown (5Y) Largest decline over 5 years	-28.44%	-36.48%	+8.04%
Max Drawdown (10Y) Largest decline over 10 years	-47.36%	-43.94%	-3.42%
Current Drawdown Current decline from peak	-1.58%	-6.75%	+5.17%
Average Drawdown Average peak-to-trough decline	-7.36%	-10.03%	+2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	3.44%	-0.60%

Volatility

VIOV vs. SCHC - Volatility Comparison

The current volatility for Vanguard S&P Small-Cap 600 Value ETF (VIOV) is 4.75%, while Schwab International Small-Cap Equity ETF (SCHC) has a volatility of 6.27%. This indicates that VIOV experiences smaller price fluctuations and is considered to be less risky than SCHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIOV	SCHC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	6.27%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	11.82%	14.15%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	18.44%	16.36%	+2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.90%	17.65%	+4.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.88%	17.85%	+6.03%

VIOV vs. SCHC - Expense Ratio Comparison

VIOV has a 0.10% expense ratio, which is higher than SCHC's 0.08% 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

VIOV vs. SCHC - Dividend Comparison

VIOV's dividend yield for the trailing twelve months is around 1.56%, less than SCHC's 3.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHC Schwab International Small-Cap Equity ETF	3.47%	3.66%	3.72%	2.94%	1.78%	3.02%	1.62%	3.23%	2.51%	2.73%	2.01%	2.34%
VIOV Vanguard S&P Small-Cap 600 Value ETF	1.56%	1.69%	1.78%	2.18%	1.81%	1.59%	1.42%	1.60%	1.76%	1.43%	1.17%	1.32%

Frequently Asked Questions

Can I hold both VIOV and SCHC in my portfolio?

VIOV and SCHC have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIOV or SCHC?

SCHC has higher volatility (6.27%) compared to VIOV (4.75%). In terms of maximum drawdown, VIOV dropped -47.36% vs SCHC's -43.94%.

Which ETF is better, VIOV or SCHC?

On 10-year performance, VIOV leads with 10.66% vs 8.41% for SCHC. On fees, SCHC is cheaper at 0.08% per year. On volatility, VIOV has been the lower-risk option at 4.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VIOV or SCHC?

Over the 10-year period, VIOV has performed better with a 10.66% return vs 8.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VIOV or SCHC?

SCHC is cheaper with a 0.08% expense ratio, compared with 0.10% for VIOV.

Which ETF pays a higher dividend yield, VIOV or SCHC?

SCHC has the higher dividend yield at 3.47%, compared with 1.56% for VIOV.

What is the main difference between VIOV and SCHC?

VIOV is categorized as Small Cap Value Equities, while SCHC is Foreign Small & Mid Cap Equities. VIOV tracks S&P SmallCap 600 Value Index, while SCHC tracks FTSE Developed Small Cap ex U.S. Liquid Index. They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.10% for VIOV and 0.08% for SCHC.

Which has better risk-adjusted returns?

VIOV currently has the higher Sharpe Ratio (2.06 vs 1.28), 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.