EWI vs SCHD
iShares MSCI Italy ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | EWI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $1.0B | $103.7B | |
| Dividend Yield | 3.16% | 3.31% | |
| Holdings | 33 | 104 | |
| YTD Return | +16.80% | +25.58% | |
| 1Y Return | +28.89% | +31.06% | |
| 3Y Return (annualized) | +29.86% | +15.55% | |
| 5Y Return (annualized) | +17.65% | +9.61% | |
| Volatility (annualized) | 23.9% | 13.6% | |
| Max Drawdown | -75.1% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 12, 1996 | Oct 20, 2011 |
EWI vs SCHD Performance
iShares MSCI Italy ETF (EWI) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EWI returned +28.89% while SCHD returned +31.06%. Year to date, EWI is up 16.80% versus a gain of 25.58% for SCHD.
Over three years, EWI compounded at +29.86% per year against +15.55% for SCHD; over five years the annualized figures are +17.65% and +9.61% respectively. Across the full 15-year window we track, SCHD has the edge at +11.46% annualized vs +3.47%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWI has been the more volatile fund, with annualized monthly volatility of 23.9% 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 -75.1% for EWI and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
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 3.16% against 3.31% for SCHD.
Holdings Overlap
EWI and SCHD share 0 holdings out of 126 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $44 per year of difference.
Which performed better, EWI or SCHD?
Over the past year EWI returned +28.89% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EWI annualized +3.47% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, EWI or SCHD?
EWI has been the more volatile fund at 23.9% annualized versus 13.6% for SCHD. Worst drawdown: EWI -75.1% vs SCHD -33.4%.
Should I hold both EWI and SCHD?
EWI and SCHD have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWI and SCHD?
EWI and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 126 unique securities.
Which pays a higher dividend, EWI or SCHD?
EWI yields 3.16% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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