EWI vs SCHD
iShares MSCI Italy ETF vs Schwab US Dividend Equity ETF
Which is better, EWI or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. EWI led over 3Y and 5Y, SCHD over 1Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 70.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EWI | SCHD |
|---|---|---|
| Expense Ratio | 0.50% | 0.06%Best |
| AUM | $1.1B | $112.2B |
| Dividend Yield | 3.04% | 3.13% |
| Holdings | 32 | 103 |
| YTD Return | +13.56% | +26.13%Best |
| 1Y Return | +25.32% | +30.01%Best |
| 3Y Return (annualized) | +29.18%Best | +16.09% |
| 5Y Return (annualized) | +17.72%Best | +9.95% |
| Volatility (annualized) | 21.8% | 13.6%Best |
| Max Drawdown | -51.0% | -33.4%Best |
| $10,000 over 5 years | $22,607Best | $16,069 |
| Top 10 Weight | 70.7% | 41.5%Best |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 12, 1996 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 8, 2026 (14.9 years).
EWI vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14.9 years both funds cover.
EWI vs SCHD Performance
iShares MSCI Italy ETF (EWI) is an ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year EWI returned +25.32% while SCHD returned +30.01%. Year to date, EWI is up 13.56% versus a gain of 26.13% for SCHD.
Over three years, EWI compounded at +29.18% per year against +16.09% for SCHD; over five years the annualized figures are +17.72% and +9.95% respectively. Across the full 15-year window we track, SCHD has the edge at +11.43% annualized vs +7.16%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWI has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -51.0% for EWI and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EWI charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, EWI currently yields 3.04% against 3.13% for SCHD.
Holdings Overlap
We hold position weights for 26 holdings in EWI and 100 in SCHD, totalling 99.8% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 26 positions we hold weights for in EWI and 100 in SCHD, against full books of 32 and 103.
What only one of them owns
Our book lists 98 positions for SCHD that do not appear in our book for EWI (99.7% of the fund), and 1 for EWI that do not appear in SCHD (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of EWI and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EWI or SCHD?
EWI has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, EWI or SCHD?
Over the past year EWI returned +25.32% vs +30.01% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EWI annualized +7.16% vs +11.43% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EWI or SCHD?
EWI has been the more volatile fund at 21.8% annualized versus 13.6% for SCHD. Worst drawdown: EWI -51.0% vs SCHD -33.4%.
Should I hold both EWI and SCHD?
EWI and SCHD have a monthly-return correlation of 0.61, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EWI or SCHD?
EWI yields 3.04% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than EWI?
SCHD has a lower expense ratio. EWI led over 3Y and 5Y, SCHD over 1Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 70.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.