IEUS vs SCHC: Grades, Fees and Holdings Compared

iShares MSCI Europe Small-Cap ETF

IEUSBNasdaq

Schwab International Small-Cap Equity ETF

SCHCANYSE Arca

Overlap

32.5%by weight

Expense ratio

SCHC −0.35pt a year

IEUS0.41%SCHC0.06%

Avg volume · 30D

SCHC 58.7×the volume

IEUS5.67KSCHC332K

10Y return · a year

IEUS +0.3pt

IEUS+8.1%SCHC+7.8%

IEUS vs SCHC Performance

Oct 29, 2021 – Oct 30, 2026

+15.3%IEUS+29.3%SCHC

Expense ratio: IEUS 0.41%; SCHC 0.06%, better
Fund size: IEUS $166M; SCHC $5.5B
1Y total return: IEUS +9.0%; SCHC +9.6%, better
Yield (12M): IEUS 3.20%; SCHC 3.51%, better
Holdings: IEUS 851; SCHC 2326
Avg volume (30D): IEUS 5.67K sh; SCHC 332K sh, better
NAV per share: IEUS $70.60; SCHC $48.02
52W range

ETF.net Grade

Pillar letters and Scores for IEUS, SCHC, with each pillar’s weight
Pillar	IEUS	SCHC
Cost30% weight	C53	A97Higher
Mission25% weight	A97	A100Higher
Risk15% weight	D33	C41Higher
Tradability15% weight	C43	B64Higher
Holdings10% weight	C49	B68Higher
Durability5% weight	B63	A75Higher

Rank among International Small-Cap funds

How we build Categories ›

Same Category. IEUS and SCHC are both graded against the same 16 International Small-Cap funds, so their Grades compare head to head.

International Small-Cap⁠

Category · 16 funds

See all 16 ›

SCHC ranks 1st and IEUS 9th of 16 funds in the International Small-Cap Category.

Rank 1ASCHCSchwab International Small-Cap Equity ETFScore 80
Rank 2ASCZiShares MSCI EAFE Small-Cap ETFScore 79
Rank 8BPDNInvesco RAFI Developed Markets ex-U.S. Small-Mid ETFScore 66
Rank 9BIEUSiShares MSCI Europe Small-Cap ETFScore 59
Rank 10CDFEWisdomTree Europe SmallCap Dividend FundScore 52

Our read on each fund

ETF.net Research

IEUSBiShares MSCI Europe Small-Cap ETF

SCHCASchwab International Small-Cap Equity ETF

In short

IEUS Europe's small caps, straight up. IEUS holds roughly 800 little companies across the 15 developed markets of Europe, with no Japan or Asia riding along. Most international small-cap funds are a shovel; this one is a scalpel.

SCHC The bargain end of international small caps: Schwab charges 0.06% where the typical fund in this group sits near 0.40%. Roughly 2,200 stocks from developed markets outside the US, with Canada and South Korea in the mix.

Stated mandate

IEUS The Fund seeks to track the investment results of an index representing small-capitalization equities in developed European markets.

SCHC The fund seeks to track, before fees and expenses, the total return of the FTSE Developed Small Cap ex US Liquid Index.

Why people hold it

IEUS A true regional pure play: about 800 small caps drawn from the 15 developed markets of Europe, weighted by market value. No North America, no Asia, no emerging markets.msci.com
The portfolio sticks closely to the MSCI Europe Small Cap Index it names, one of the tighter mandate matches in its peer group.ishares.com
Trading since 2007 on iShares plumbing, and sharpened in 2014 when it swapped a broad ex-North America small-cap index for the Europe-only one.ishares.com

SCHC 0.06% a year, against a peer-group median near 0.40%. In a corner of the market where fees usually run high, that gap is most of the pitch.schwabassetmanagement.com
About 2,200 holdings across developed markets outside the US. Broad enough that it behaves like the asset class rather than a concentrated bet.
Counts Canada and South Korea as developed markets, covering ground that EAFE-built rivals such as SCZ leave out by design.schwabassetmanagement.com ishares.com
Trading since 2010 and has tracked its FTSE developed small-cap benchmark tightly, one of the cleaner index implementations in its peer group.

Worth knowing

IEUS Regional precision costs: 0.41% a year, about the category median, while broad international small-cap funds such as VSS and SCHC charge 0.06%.
One of the lighter-traded names in its category, so spreads can run wider than at the big diversified funds. Limit orders matter more here.
Developed Europe only. It is a slice of international small caps, not a stand-in for a global or EAFE-wide version. Cash goes out once or twice a year, not monthly.

SCHC Foreign small caps swing harder than large caps, and holdings are priced in local currencies, so exchange-rate moves feed straight into results.
Developed markets only. Emerging-market small caps sit outside the mandate, which is where wider ex-US peers like VSS reach further.
Moderately traded rather than a top-of-tape name, and distributions land once or twice a year instead of quarterly.

Full IEUS profile⁠

Full SCHC profile⁠

IEUS vs SCHC Holdings

How IEUS and SCHC differ

Overlap by weight

32.5%

Shared holdings make up 55.1% of IEUS and 32.6% of SCHC.

Level by level

Holdings456 in both32.5%
Countryby domicile42.9%
Sector11 Sectors88.9%
Asset classEquity100%

Sector

Sector weights in IEUS and SCHC, widest gap first
Sector	More in IEUSMore in SCHC	IEUS	SCHC
Materials	SCHC +6.7 points	7.4%	14.1%
Industrials	IEUS +4.0 points	26.1%	22.1%
Financials	IEUS +2.6 points	15.6%	13.0%
Technology	SCHC +2.5 points	7.8%	10.3%
Consumer Discretionary	IEUS +1.9 points	12.0%	10.1%
Communication	IEUS +1.6 points	4.9%	3.3%
Consumer Staples	SCHC +0.9 points	3.6%	4.5%
Health Care	IEUS +0.9 points	7.4%	6.5%
Utilities	SCHC +0.4 points	2.2%	2.6%
Energy	SCHC +0.4 points	5.1%	5.5%
Real Estate	SCHC +0.1 points	7.9%	8.0%

Country, concentration and asset class

Country by domicile

Country weights in IEUS and SCHC, widest gap first
Country	More in IEUSMore in SCHC	IEUS	SCHC
Japan	SCHC +22.3 points	0.0%	22.3%
United Kingdom	IEUS +17.9 points	29.5%	11.6%
Canada	SCHC +12.2 points	0.0%	12.2%
Sweden	IEUS +7.5 points	12.1%	4.6%
South Korea	SCHC +6.8 points	0.0%	6.8%
Australia	SCHC +6.4 points	0.0%	6.4%
Switzerland	IEUS +5.4 points	10.1%	4.7%
Germany	IEUS +5.0 points	9.0%	4.0%
Other countries (23)	IEUS +11.6 points	39.2%	27.6%

Outside the US: IEUS 100% developed, 0% emerging. SCHC 88% developed, 12% emerging.

Concentration

Weight in the 10 largest Holdings

IEUS5.2%
SCHC2.8%

Securities held

IEUS841
SCHC2,311

Asset class

IEUS: Equity
SCHC: Equity

Holdings

Only in IEUS385
In both456
Only in SCHC1,855

Only in IEUS

385 securities, 44.4% of IEUS by weight

Imi PLC0.59%
Weir PLC0.58%
Psp Swiss Property AG0.55%
Frontline PLC0.53%
Hiscox Ltd0.52%
Subsea0.51%
Gaztransport & Technigaz SA0.49%
Spie SA0.47%
Accelleron N AG0.47%
Dcc Energy PLC0.47%
St Jamess Place PLC0.46%
Games Workshop Group PLC0.45%
SCOUT24 N0.43%
Aedifica NV0.42%
Imcd NV0.42%
Saipem0.42%
Icg PLC0.41%
Ackermans & Van Haaren NV0.41%
Croda International PLC0.41%
Getinge B0.39%
Whitbread PLC0.39%
Howden Joinery Group PLC0.38%
Edenred0.38%
Andritz AG0.38%
Scor0.38%
British Land Reit0.38%
Barratt Redrow PLC0.37%
Ssab Class B0.37%
Autotrader Group PLC0.36%
Convatec Group PLC0.36%
Nordex0.35%
Merlin Properties Reit0.35%
Metlen Energy & Metals PLC0.35%
Burberry Group PLC0.33%
Technip Energies0.32%
Voestalpine AG0.32%
Nexans SA0.32%
Sig Group N AG0.32%
Alk-Abello Class B0.32%
Swissquote Group Holding SA0.31%
Flughafen Zuerich AG0.31%
Randstad Holding0.30%
Nordnet0.30%
Octave Intelligence Sdr PLC0.30%
Temenos AG0.30%
Sectra Class B0.29%
Umicore SA0.29%
Lagercrantz Group Class B0.29%
Cts Eventim AG0.27%
Castellum0.27%

Only in SCHC

1,855 securities, 67.2% of SCHC by weight

Frontline PLC0.30%
Gaztransport & Technigaz SA0.30%
Dpm Metals0.29%
Eldorado Gold0.29%
South Bow0.28%
Capital Power Corp0.27%
Aedifica NV0.25%
G Mining Ventures Corp0.24%
B2GOLD0.24%
Or Royalties Inc0.23%
Prairiesky Royalty0.23%
Ssr Mining0.22%
Nexans SA0.22%
Voestalpine AG0.21%
Oceanagold Corporation Corp0.21%
Capstone Copper Corp0.21%
Perseus Mining Ltd0.21%
Blackberry0.20%
Nexgen Energy0.20%
Technip Energies0.20%
Definity Financial0.19%
Alk-Abello Class B0.18%
Cd Projekt Red0.18%
Onex0.18%
Chartwell Retirement Residences Re0.18%
Tamarack Valley Energy Ltd0.18%
Codan0.18%
Umicore SA0.18%
Benefit Systems0.17%
Enagas SA0.17%
Brookfield Infrastructure Corp Cla0.17%
Motor Oil (Hellas) Corinth Refiner0.17%
Methanex0.17%
Sectra Class B0.17%
Torex Gold Resources0.17%
Riocan Real Estate Investment Trus0.17%
Lagercrantz Group Class B0.16%
Mda Space0.16%
Teleperformance0.16%
K92 Mining0.16%
Bank of Cyprus Holding0.16%
Gibson Energy0.16%
Colliers International Group Subor0.16%
Zabka Group Societe Anonyme SA0.16%
Algonquin Power Utilities0.16%
Leg Immobilien N0.16%
Jusung Engineering Ltd0.15%
Elis SA0.15%
Northland Power Inc0.15%
Centerra Gold0.15%

Weight gaps

The 100 widest of 456 Holdings in both funds.

Holding weights in IEUS and SCHC, widest gap first
Holding	More in IEUSMore in SCHC	IEUS	SCHC
Al Sydbank	IEUS +0.21 points	0.47%	0.26%
Storebrand	IEUS +0.21 points	0.53%	0.32%
Lottomatica Group	IEUS +0.18 points	0.43%	0.25%
Thyssenkrupp AG	IEUS +0.17 points	0.43%	0.26%
Nkt	IEUS +0.17 points	0.43%	0.26%
Wpp PLCWPP.L	IEUS +0.16 points	0.38%	0.22%
Iss A’s	IEUS +0.16 points	0.37%	0.21%
Ringkjobing Landbobank	IEUS +0.15 points	0.39%	0.24%
Jyske Bank	IEUS +0.16 points	0.40%	0.24%
Persimmon PLCPSN.L	IEUS +0.15 points	0.35%	0.20%
Balfour Beatty PLCBBY.L	IEUS +0.14 points	0.35%	0.21%
Aberdeen Group PLCABDN.L	IEUS +0.15 points	0.35%	0.20%
Lion Finance Group PLCBGEO.L	IEUS +0.15 points	0.37%	0.22%
Rotork PLCROR.L	IEUS +0.15 points	0.35%	0.20%
Galenica AG	IEUS +0.14 points	0.34%	0.20%
Konecranes	IEUS +0.14 points	0.36%	0.22%
Georg Fischer AG	IEUS +0.15 points	0.35%	0.20%
Sparebank Sr-Norge	IEUS +0.14 points	0.33%	0.19%
Rightmove PLCRMV.L	IEUS +0.14 points	0.33%	0.19%
Adecco Group AG	IEUS +0.13 points	0.31%	0.18%
Londonmetric Property Reit PLCLMP.L	IEUS +0.13 points	0.35%	0.22%
Rs Group PLC	IEUS +0.13 points	0.32%	0.19%
Sbm Offshore	IEUS +0.13 points	0.32%	0.19%
Man Group PLCEMG.L	IEUS +0.13 points	0.32%	0.19%
Glanbia PLC	IEUS +0.13 points	0.31%	0.18%
Sunrise N Class A Ltd	IEUS +0.12 points	0.22%	0.10%
Aalberts	IEUS +0.12 points	0.29%	0.17%
Mondi PLCMNDI.L	IEUS +0.12 points	0.29%	0.17%
Berkeley Group Holdings (The)BKG.L	IEUS +0.12 points	0.27%	0.15%
Mycronic	IEUS +0.12 points	0.30%	0.18%
Investec PLCINVP.L	IEUS +0.12 points	0.30%	0.18%
Babcock International Group PLCBAB.L	IEUS +0.12 points	0.22%	0.10%
Johnson Matthey PLCJMAT.L	IEUS +0.11 points	0.26%	0.15%
Tritax Big Box Reit PLCBBOX.L	IEUS +0.12 points	0.31%	0.19%
Valmet Corp	IEUS +0.11 points	0.29%	0.18%
Azimut Holding	IEUS +0.11 points	0.27%	0.16%
Entain PLCENT.L	IEUS +0.11 points	0.26%	0.15%
Loomis Class B	IEUS +0.11 points	0.25%	0.14%
Kbc Ancora NV	IEUS +0.11 points	0.26%	0.15%
Cranswick PLCCWK.L	IEUS +0.11 points	0.25%	0.14%
Zegona Communications PLCZEG.L	IEUS +0.11 points	0.26%	0.15%
Serco Group PLCSRP.L	IEUS +0.10 points	0.24%	0.14%
Sulzer AG	IEUS +0.10 points	0.24%	0.14%
Nordic Semiconductor	IEUS +0.09 points	0.22%	0.13%
Hikma Pharmaceuticals PLCHIK.L	IEUS +0.10 points	0.22%	0.12%
Tui N AG	IEUS +0.10 points	0.23%	0.13%
Arkema SA	IEUS +0.10 points	0.23%	0.13%
Ig Group Holdings PLCIGG.L	IEUS +0.10 points	0.26%	0.16%
Drax Group PLCDRX.L	IEUS +0.10 points	0.24%	0.14%
Aixtron	IEUS +0.10 points	0.26%	0.16%
Pan African Resources PLCPAF.L	IEUS +0.10 points	0.22%	0.12%
Tecan Group AG	IEUS +0.10 points	0.24%	0.14%
Banca Generali	IEUS +0.10 points	0.24%	0.14%
Avanza Bank Holding	IEUS +0.10 points	0.28%	0.18%
Computacenter PLCCCC.L	IEUS +0.10 points	0.25%	0.15%
Siegfried Holding AG	IEUS +0.10 points	0.22%	0.12%
Bellway PLCBWY.L	IEUS +0.10 points	0.22%	0.12%
Allreal Holding AG	IEUS +0.09 points	0.22%	0.13%
Arcadis NV	IEUS +0.10 points	0.22%	0.12%
Mitie Group PLCMTO.L	IEUS +0.09 points	0.22%	0.13%
Koninklijke Vopak	IEUS +0.10 points	0.22%	0.12%
Renk Group AG	IEUS +0.09 points	0.23%	0.14%
Delonghi	IEUS +0.09 points	0.21%	0.12%
B&M European Value Retail PLCBME.L	IEUS +0.09 points	0.23%	0.14%
Aurubis AG	IEUS +0.09 points	0.22%	0.13%
Dksh Holding AG	IEUS +0.08 points	0.21%	0.13%
Cembra Money Bank AG	IEUS +0.09 points	0.21%	0.12%
Azelis Group NV	IEUS +0.09 points	0.20%	0.11%
Bravida Holding	IEUS +0.09 points	0.21%	0.12%
Royal Unibrew	IEUS +0.08 points	0.20%	0.12%
Puma	IEUS +0.08 points	0.19%	0.11%
Inficon Holding AG	IEUS +0.09 points	0.23%	0.14%
Keller Group PLCKLR.L	IEUS +0.09 points	0.19%	0.10%
Greggs PLCGRG.L	IEUS +0.08 points	0.20%	0.12%
AUTO1 Group	IEUS +0.08 points	0.17%	0.09%
Rubis	IEUS +0.09 points	0.20%	0.11%
Tp Icap Group PLCTCAP.L	IEUS +0.08 points	0.20%	0.12%
Reply	IEUS +0.09 points	0.22%	0.13%
Sacyr	IEUS +0.09 points	0.17%	0.08%
Sopra Steria Group	IEUS +0.08 points	0.19%	0.11%
Pennon Group PLCPNN.L	IEUS +0.08 points	0.20%	0.12%
Mobimo Holding AG	IEUS +0.08 points	0.20%	0.12%
Freenet AG	IEUS +0.08 points	0.19%	0.11%
Hammerson Reit PLCHMSO.L	IEUS +0.09 points	0.18%	0.09%
Quilter PLCQLT.L	IEUS +0.08 points	0.21%	0.13%
Vontobel Holding AG	IEUS +0.08 points	0.19%	0.11%
Primary Health Properties Reit PLCPHP.L	IEUS +0.08 points	0.20%	0.12%
Hill and Smith PLCHILS.L	IEUS +0.08 points	0.20%	0.12%
Itv PLCITV.L	IEUS +0.08 points	0.20%	0.12%
PLUS500PLUS.L	IEUS +0.09 points	0.20%	0.11%
Bam Groep Koninklijke NV	IEUS +0.08 points	0.21%	0.13%
Huhtamaki	IEUS +0.07 points	0.17%	0.10%
Alten SA	IEUS +0.07 points	0.18%	0.11%
Shaftesbury Capital Reit PLCSHC.L	IEUS +0.08 points	0.19%	0.11%
Sfs Group AG	IEUS +0.07 points	0.18%	0.11%
Sparebank Smns	IEUS +0.08 points	0.19%	0.11%
Comet Holding AG	IEUS +0.08 points	0.20%	0.12%
Valiant Holding AG	IEUS +0.08 points	0.18%	0.10%
Harbour Energy PLCHBR.L	IEUS +0.07 points	0.21%	0.14%
Bechtle AG	IEUS +0.08 points	0.20%	0.12%

All 839 IEUS holdings⁠All 2,333 SCHC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IEUS vs SCHC Cost

Overpaying IEUS vs SCHC

$7,011

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IEUS 0.41%
$8,281
SCHC 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

IEUS 0.41%
SCHC 0.06%
Overpaying

Year by year

Year	IEUS	SCHC	Overpaying
10	$741	$110	$631
20	$2,860	$432	$2,428
30	$8,281	$1,270	$7,011

Expense ratio

0.41%IEUS
0.06%SCHC, cheaper

SCHC0.06%IEUS0.41%

0.06%0.83%

Middle half of International Small-Cap funds
Median 0.44%

SCHC cheapest of 16 funds

IEUS 8th cheapest of 16 funds

IEUS vs SCHC Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IEUS 3.20%; SCHC 3.51%, better
Payout (12M): IEUS $2.26; SCHC $1.68
Last payment: IEUS $1.44; SCHC $0.11
Ex-dividend: IEUS Jun 15, 2026; SCHC Jun 24, 2026
Paid on: IEUS Jun 18, 2026; SCHC Jun 29, 2026
Frequency: IEUS Twice a year; SCHC Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

IEUSTwice a year · 20 paymentsAll IEUS payments⁠

SCHCTwice a year · 16 paymentsAll SCHC payments⁠

IEUS vs SCHC Risk

Fall from peak · 5 years

IEUS
SCHC

Risk facts

VolatilityStd dev, 3 years: IEUS 16.3%SCHC 14.9%, better
Return per unit of riskSharpe ratio, 3 years: IEUS 0.85SCHC 1.01, better
Worst fallMax drawdown, 5 years: IEUS −43.3%SCHC −35.8%, better
Market sensitivityBeta, 5 years: IEUS 1.00SCHC 1.13; Market = 1

IEUS and SCHC in the news

All news⁠

Best ETFs
Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%
Updated Nov 2, 2026SCHC

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IEUS vs SCHC

In short

Stated mandate

Why people hold it

Worth knowing

How IEUS and SCHC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IEUS

Only in SCHC

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%

How IEUS and SCHC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IEUS

Only in SCHC

Weight gaps