SCHC vs SCZ: Grades, Fees and Holdings Compared

Schwab International Small-Cap Equity ETF

SCHCANYSE Arca

iShares MSCI EAFE Small-Cap ETF

SCZANasdaq

Overlap

42.2%by weight

Expense ratio

SCHC −0.34pt a year

SCHC0.06%SCZ0.40%

Avg volume · 30D

SCZ 3.9×the volume

SCHC332KSCZ1.3M

10Y return · a year

SCZ +0.2pt

SCHC+7.8%SCZ+8.0%

SCHC vs SCZ Performance

Oct 29, 2021 – Oct 30, 2026

+29.3%SCHC+26.3%SCZ

Expense ratio: SCHC 0.06%, better; SCZ 0.40%
Fund size: SCHC $5.5B; SCZ $12.7B
1Y total return: SCHC +9.6%; SCZ +12.2%, better
Yield (12M): SCHC 3.51%, better; SCZ 3.22%
Holdings: SCHC 2326; SCZ 2039
Avg volume (30D): SCHC 332K sh; SCZ 1.3M sh, better
NAV per share: SCHC $48.02; SCZ $82.65
52W range

ETF.net Grade

Pillar letters and Scores for SCHC, SCZ, with each pillar’s weight
Pillar	SCHC	SCZ
Cost30% weight	A97Higher	A70
Mission25% weight	A100	A100
Risk15% weight	C41	B55Higher
Tradability15% weight	B64	A92Higher
Holdings10% weight	B68	A76Higher
Durability5% weight	A75	A85Higher

Rank among International Small-Cap funds

How we build Categories ›

Same Category. SCHC and SCZ 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 SCZ 2nd 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 3AVSSVanguard FTSE All-World ex-US Small-Cap ETFScore 78

Our read on each fund

ETF.net Research

SCHCASchwab International Small-Cap Equity ETF

SCZAiShares MSCI EAFE Small-Cap ETF

In short

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.

SCZ The purist's take on foreign small caps: developed markets only, outside the US and Canada. Trading since 2007, SCZ follows the MSCI EAFE Small Cap Index, so Japan, Europe and Australia are in and emerging markets stay out.

Stated mandate

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

SCZ The fund seeks to track an index of small-cap equities from developed markets outside the United States and Canada, providing international diversification and exposure to overseas small-cap stocks.

Why people hold it

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.

SCZ A clean, literal mandate: small companies in developed markets outside the US and Canada, with nothing else slipping into the basket.ishares.com
It follows its stated index closely, one of the tighter implementations in the international small-cap group.
Live since December 2007 and now a multi-billion-dollar fund that trades actively, the kind of scale that supports steady day-to-day liquidity.
The 0.40% fee lands right at the median for its category, so the EAFE-specific screen doesn't carry a premium price.

Worth knowing

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.

SCZ Median is not cheap here. VSS and SCHC charge 0.06% for their own ex-US small-cap baskets, several times less than SCZ's 0.40%.
Developed markets only. Emerging-market small caps sit outside the mandate, unlike all-world peers such as VSS.
The index is unhedged, so currency moves land on top of small-cap price swings, a bumpier ride than developed large-cap benchmarks.

Full SCHC profile⁠

Full SCZ profile⁠

SCHC vs SCZ Holdings

How SCHC and SCZ differ

Overlap by weight

42.2%

Shared holdings make up 57.9% of SCHC and 42.2% of SCZ.

Level by level

Holdings1,147 in both42.2%
Countryby domicile71.8%
Sector11 Sectors93.9%
Asset classEquity100%

Sector

Sector weights in SCHC and SCZ, widest gap first
Sector	More in SCHCMore in SCZ	SCHC	SCZ
Materials	SCHC +3.5 points	14.1%	10.6%
Energy	SCHC +1.8 points	5.5%	3.7%
Real Estate	SCZ +1.6 points	8.0%	9.6%
Consumer Discretionary	SCZ +1.3 points	10.1%	11.4%
Industrials	SCZ +1.1 points	22.1%	23.2%
Communication	SCZ +0.9 points	3.3%	4.2%
Consumer Staples	SCZ +0.9 points	4.5%	5.4%
Health Care	SCHC +0.4 points	6.5%	6.1%
Utilities	SCHC +0.4 points	2.6%	2.2%
Financials	SCZ +0.1 points	13.0%	13.1%
Technology	SCZ +0.1 points	10.3%	10.4%

Country, concentration and asset class

Country by domicile

Country weights in SCHC and SCZ, widest gap first
Country	More in SCHCMore in SCZ	SCHC	SCZ
Japan	SCZ +15.9 points	22.3%	38.2%
Canada	SCHC +12.2 points	12.2%	0.0%
South Korea	SCHC +6.8 points	6.8%	0.0%
Australia	SCZ +4.5 points	6.4%	10.9%
Israel	SCZ +2.8 points	1.6%	4.4%
Poland	SCHC +1.9 points	1.9%	0.0%
United Kingdom	SCZ +1.6 points	11.6%	13.2%
United States	SCHC +1.3 points	1.3%	0.0%
Other countries (23)	SCHC +2.7 points	36.0%	33.3%

Outside the US: SCHC 88% developed, 12% emerging. SCZ 96% developed, 4% emerging.

Concentration

Weight in the 10 largest Holdings

SCHC2.8%
SCZ2.6%

Securities held

SCHC2,311
SCZ2,023

Asset class

SCHC: Equity
SCZ: Equity

Holdings

Only in SCHC1,164
In both1,147
Only in SCZ876

Only in SCHC

1,164 securities, 41.9% 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%
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%
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%
Brookfield Renewable Subordinate V0.15%
Athabasca Oil0.15%

Only in SCZ

876 securities, 57.1% of SCZ by weight

Baycurrent Inc0.30%
Bluescope Steel0.29%
Imi PLC0.26%
Weir PLC0.25%
Psp Swiss Property AG0.24%
Frontline PLC0.23%
Hiscox Ltd0.23%
Food & Life Companies0.23%
Subsea0.22%
Shizuoka Financial Group Inc0.22%
Mebuki Financial Group Inc0.22%
Gaztransport & Technigaz SA0.22%
Als0.21%
Orica0.21%
Nippon Express Holdings0.21%
Accelleron N AG0.21%
Spie SA0.21%
Stockland Stapled Units Ltd0.21%
Ramsay Health Care0.20%
Dcc Energy PLC0.20%
St Jamess Place PLC0.20%
Isetan Mitsukoshi Holdings0.20%
Rohm0.20%
Fukuoka Financial Group0.20%
Games Workshop Group PLC0.20%
Niterra0.19%
Misumi Group0.19%
SCOUT24 N0.19%
Cochlear0.19%
Sandfire Resources0.19%
Imcd NV0.19%
Aedifica NV0.19%
Gpt Group Stapled Units0.19%
Technology One0.19%
Taiyo Yuden Ltd0.19%
Meiji Holdings Ltd0.19%
Shimadzu0.18%
Charter Hall Group Stapled Units0.18%
Sojitz Corp0.18%
Saipem0.18%
Jfe Holdings0.18%
Icg PLC0.18%
Ampol0.18%
Brother Industries0.18%
Ackermans & Van Haaren NV0.18%
Sonic Healthcare0.18%
Croda International PLC0.18%
Ngk0.18%
Nice0.18%
Toyo Suisan Ltd0.18%

Weight gaps

The 100 widest of 1,147 Holdings in both funds.

Holding weights in SCHC and SCZ, widest gap first
Holding	More in SCHCMore in SCZ	SCHC	SCZ
Bridgepoint Group PLCBPT.L	SCHC +0.09 points	0.15%	0.06%
Storebrand	SCHC +0.09 points	0.32%	0.23%
Acerinox	SCHC +0.08 points	0.17%	0.09%
Tieto	SCHC +0.08 points	0.08%	<0.01%
Insilico Medicine Cayman Topco	SCHC +0.07 points	0.09%	0.02%
Nkt	SCHC +0.07 points	0.26%	0.19%
Jyske Bank	SCHC +0.07 points	0.24%	0.17%
Thyssenkrupp AG	SCHC +0.07 points	0.26%	0.19%
Londonmetric Property Reit PLCLMP.L	SCHC +0.07 points	0.22%	0.15%
Ringkjobing Landbobank	SCHC +0.07 points	0.24%	0.17%
Vallourec SA	SCHC +0.06 points	0.17%	0.11%
Lottomatica Group	SCHC +0.06 points	0.25%	0.19%
Konecranes	SCHC +0.06 points	0.22%	0.16%
Tritax Big Box Reit PLCBBOX.L	SCHC +0.06 points	0.19%	0.13%
Lion Finance Group PLCBGEO.L	SCHC +0.06 points	0.22%	0.16%
Avanza Bank Holding	SCHC +0.06 points	0.18%	0.12%
Flsmidth and Co Class B	SCHC +0.05 points	0.15%	0.10%
Metaplanet Kk	SCHC +0.06 points	0.08%	0.02%
Efg International AG	SCHC +0.05 points	0.11%	0.06%
Al Sydbank	SCHC +0.05 points	0.26%	0.21%
Wpp PLCWPP.L	SCHC +0.05 points	0.22%	0.17%
Man Group PLCEMG.L	SCHC +0.05 points	0.19%	0.14%
Perseus Mining Ltd	SCHC +0.06 points	0.21%	0.15%
Georg Fischer AG	SCHC +0.05 points	0.20%	0.15%
Aberdeen Group PLCABDN.L	SCHC +0.05 points	0.20%	0.15%
Valmet Corp	SCHC +0.05 points	0.18%	0.13%
Iss	SCHC +0.05 points	0.21%	0.16%
Balfour Beatty PLCBBY.L	SCHC +0.05 points	0.21%	0.16%
Daishi Hokuetsu Financial Group	SCHC +0.05 points	0.14%	0.09%
Rotork PLCROR.L	SCHC +0.05 points	0.20%	0.15%
EasyjetEZJ.L	SCHC +0.05 points	0.13%	0.08%
Galenica AG	SCHC +0.05 points	0.20%	0.15%
Sbm Offshore	SCHC +0.05 points	0.19%	0.14%
Van Lanschot Kempen NV	SCHC +0.05 points	0.10%	0.05%
Mycronic	SCHC +0.05 points	0.18%	0.13%
Shiga Bank	SCHC +0.04 points	0.12%	0.08%
Aixtron	SCHC +0.05 points	0.16%	0.11%
Harbour Energy PLCHBR.L	SCHC +0.05 points	0.14%	0.09%
Ig Group Holdings PLCIGG.L	SCHC +0.05 points	0.16%	0.11%
Rs Group PLC	SCHC +0.05 points	0.19%	0.14%
Rightmove PLCRMV.L	SCHC +0.04 points	0.19%	0.15%
Persimmon PLCPSN.L	SCHC +0.05 points	0.20%	0.15%
Capricorn Metals Ltd Def	SCHC +0.05 points	0.15%	0.10%
Investec PLCINVP.L	SCHC +0.04 points	0.18%	0.14%
Computacenter PLCCCC.L	SCHC +0.04 points	0.15%	0.11%
Softcat PLCSCT.L	SCHC +0.04 points	0.12%	0.08%
Codan	SCHC +0.05 points	0.18%	0.13%
Azimut Holding	SCHC +0.04 points	0.16%	0.12%
Vault Minerals	SCHC +0.04 points	0.15%	0.11%
Mondi PLCMNDI.L	SCHC +0.04 points	0.17%	0.13%
Sparebank Sr-Norge	SCHC +0.04 points	0.19%	0.15%
Unite Group Reit PLCUTG.L	SCHC +0.04 points	0.12%	0.08%
Glanbia PLC	SCHC +0.05 points	0.18%	0.13%
Inficon Holding AG	SCHC +0.04 points	0.14%	0.10%
Aalberts	SCHC +0.04 points	0.17%	0.13%
Tbc Bank Group PLCTBCG.L	SCHC +0.04 points	0.11%	0.07%
Sanki Engineering	SCHC +0.04 points	0.09%	0.05%
Renk Group AG	SCHC +0.04 points	0.14%	0.10%
Hyakugo Bank	SCHC +0.04 points	0.11%	0.07%
Bam Groep Koninklijke NV	SCHC +0.04 points	0.13%	0.09%
Zegona Communications PLCZEG.L	SCHC +0.04 points	0.15%	0.11%
Adecco Group AG	SCHC +0.04 points	0.18%	0.14%
B&M European Value Retail PLCBME.L	SCHC +0.04 points	0.14%	0.10%
Tecan Group AG	SCHC +0.03 points	0.14%	0.11%
Citizen Watch Ltd	SCHC +0.04 points	0.12%	0.08%
Entain PLCENT.L	SCHC +0.04 points	0.15%	0.11%
Greatland Resources Ltd	SCHC +0.04 points	0.14%	0.10%
North Pacific Bank Ltd	SCHC +0.03 points	0.09%	0.06%
Banca Generali	SCHC +0.04 points	0.14%	0.10%
Kbc Ancora NV	SCHC +0.04 points	0.15%	0.11%
Nishi-Nippon Financial Holdings In	SCHC +0.04 points	0.13%	0.09%
Meidensha Corp	SCHC +0.03 points	0.09%	0.06%
Comet Holding AG	SCHC +0.03 points	0.12%	0.09%
Westgold Resources	SCHC +0.04 points	0.14%	0.10%
Regis Resources	SCHC +0.04 points	0.13%	0.09%
Reply	SCHC +0.03 points	0.13%	0.10%
Sulzer AG	SCHC +0.03 points	0.14%	0.11%
Drax Group PLCDRX.L	SCHC +0.04 points	0.14%	0.10%
Max	SCHC +0.03 points	0.06%	0.03%
Bechtle AG	SCHC +0.03 points	0.12%	0.09%
Mandatum	SCHC +0.04 points	0.12%	0.08%
Serco Group PLCSRP.L	SCHC +0.03 points	0.14%	0.11%
Huber & Suhner AG	SCHC +0.03 points	0.11%	0.08%
Aurubis AG	SCHC +0.03 points	0.13%	0.10%
Quilter PLCQLT.L	SCHC +0.04 points	0.13%	0.09%
Johnson Matthey PLCJMAT.L	SCHC +0.04 points	0.15%	0.11%
Cie Automotive SA	SCHC +0.03 points	0.07%	0.04%
Cranswick PLCCWK.L	SCHC +0.03 points	0.14%	0.11%
Arkema SA	SCHC +0.03 points	0.13%	0.10%
Hoegh Autoliners	SCHC +0.03 points	0.09%	0.06%
Delonghi	SCHC +0.03 points	0.12%	0.09%
Hill and Smith PLCHILS.L	SCHC +0.03 points	0.12%	0.09%
Pennon Group PLCPNN.L	SCHC +0.03 points	0.12%	0.09%
Loomis Class B	SCHC +0.03 points	0.14%	0.11%
Tui N AG	SCHC +0.03 points	0.13%	0.10%
Mitie Group PLCMTO.L	SCHC +0.03 points	0.13%	0.10%
Exosens SA	SCHC +0.03 points	0.09%	0.06%
Adeka	SCHC +0.03 points	0.09%	0.06%
Berkeley Group Holdings (The)BKG.L	SCHC +0.03 points	0.15%	0.12%
Itv PLCITV.L	SCHC +0.03 points	0.12%	0.09%

All 2,333 SCHC holdings⁠All 2,025 SCZ 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.

SCHC vs SCZ Cost

Overpaying SCZ vs SCHC

$6,820

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

SCHC 0.06%
$1,270
SCZ 0.40%
$8,090

Amount$10,000

Years30 years

Cost over time

SCHC 0.06%
SCZ 0.40%
Overpaying

Year by year

Year	SCHC	SCZ	Overpaying
10	$110	$723	$613
20	$432	$2,793	$2,361
30	$1,270	$8,090	$6,820

Expense ratio

0.06%SCHC, cheaper
0.40%SCZ

SCHC0.06%SCZ0.40%

0.06%0.83%

Middle half of International Small-Cap funds
Median 0.44%

SCHC cheapest of 16 funds

SCZ 6th cheapest of 16 funds

SCHC vs SCZ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCHC 3.51%, better; SCZ 3.22%
Payout (12M): SCHC $1.68; SCZ $2.67
Last payment: SCHC $0.11; SCZ $1.17
Ex-dividend: SCHC Jun 24, 2026; SCZ Jun 15, 2026
Paid on: SCHC Jun 29, 2026; SCZ Jun 18, 2026
Frequency: SCHC Twice a year; SCZ Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

SCHCTwice a year · 16 paymentsAll SCHC payments⁠

SCZTwice a year · 20 paymentsAll SCZ payments⁠

SCHC vs SCZ Risk

Fall from peak · 5 years

SCHC
SCZ

Risk facts

VolatilityStd dev, 3 years: SCHC 14.9%SCZ 13.6%, better
Return per unit of riskSharpe ratio, 3 years: SCHC 1.01SCZ 1.04, better
Worst fallMax drawdown, 5 years: SCHC −35.8%SCZ −35.5%, better
Market sensitivityBeta, 5 years: SCHC 1.13SCZ 1.00; Market = 1

SCHC and SCZ 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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SCHC vs SCZ

In short

Stated mandate

Why people hold it

Worth knowing

How SCHC and SCZ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCHC

Only in SCZ

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 SCHC and SCZ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCHC

Only in SCZ

Weight gaps