SCHF

Schwab International Equity ETF

TREND FOLLOWING PERFORMANCE HISTORY

2026-09-09

Executive Summary

The quantitative backtest for SCHF (Schwab International Equity ETF) using the Excess Return MMA CA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -21.6% (compared to the benchmark's drawdown of -34.9%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 6.4%, compared to a Buy-and-Hold benchmark return of 8.5%. The strategy executed 40 total trades.

* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.

📊 Strategy Model 4 Models Available

Compare quantitative moving average overlays for SCHF:

Excess Return MMA

Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.

Excess Return MMA CA Active Model

Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.

Excess Return SMA

Standard Signal: Classical quantitative trend following optimized for reliable directionality.

Moving Average (50/200)

Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.

🎯 Trading Horizon

Select risk profile & execution style for SCHF:

🛡️ Long-Term Investing Active Horizon

Ideal for wealth preservation and multi-year horizons. Optimized for low turnover and tax efficiency.

⚔️ Tactical Trading

Ideal for active capital rotation and momentum-first accounts. Optimized for high sensitivity to price shifts.

🛡️ SCHF Drawdown Shield & Downside Protection

Why Drawdown Dictates Longevity →

Peak Drawdown Defense

-21.6% (vs -34.9% B&H)

+13.2% shallower drawdown

Downside Efficiency

0.71 Sortino

+0.11 vs 0.60 B&H

Capital Sheltered from Risk

28.2% of Time

Earning Treasury yield during downturns

* Drawdown Shield demonstrates how systematic trend-following bounded historical drawdowns and protected principal capital compared to passive Buy & Hold.

📊 SCHF Quality Metrics & KPI Summary

Metric	1Y		5Y		10Y		Full
	Strategy	B&H	Strategy	B&H	Strategy	B&H	Strategy	B&H
Max Drawdown	-11.48%	-11.48%	-16.79%	-28.81%	-19.93%	-34.87%	-21.65%	-34.87%
Sharpe Ratio	1.38	1.38	0.56	0.59	0.72	0.57	0.56	0.48
Sortino Ratio	1.98	1.98	0.73	0.87	0.91	0.69	0.71	0.60
CAGR	27.07%	27.07%	6.93%	10.26%	8.58%	10.25%	6.38%	8.53%
% Time Invested	100.0%	100.0%	72.3%	100.0%	74.8%	100.0%	71.8%	100.0%
Trades / Year	0.0	0.0	1.8	0.0	2.5	0.0	2.7	0.0

Cumulative Growth Performance

Hydrating Performance Trajectory... Loading historical performance data

Figure 1: Cumulative Trajectory Analysis. Logarithmic growth comparison of SCHF under the Excess Return MMA CA strategy (Investing) versus Buy & Hold. The strategy produced a 6.4% CAGR with a -21.6% Max Drawdown across 40 trade signals (compared to Buy & Hold's 8.5% CAGR and -34.9% Max Drawdown).

Histogram of monthly return distribution for SCHF under Excess Return MMA CA strategy in Investing context, illustrating downside risk mitigation and return skewness. — **Figure 2: Monthly Return Distribution Profile.** Monthly return distribution for **SCHF** under **Excess Return MMA CA** (Investing). Visualizes return frequency, volatility clustering, and tail-risk truncation relative to standard buy-and-hold returns.

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Top Diversifiers for SCHF

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Top 5 non-correlated asset sleeves evaluated on 1Y daily percentage returns (Pearson r). Compare them side-by-side in Compare Studio to analyze portfolio diversification.

Diversifier Asset	Category	1Y Correlation (r)	Action
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Trade History

This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.

Entry Date	Exit Date	Type	Allocation	Entry Price	Exit Price	Net Return %	Exit Reason
🔒 Active Positions & Recent Execution Signals Hidden Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription. Subscribe to Unlock
2025-05-02	2025-05-23	Interest (SHV)	33.33%	$1.00	$1.00	0.21%	Interest Income
2025-04-08	2025-05-01	Interest (FLOT)	33.33%	$1.00	$1.01	1.21%	Interest Income
2025-02-26	2025-05-01	Interest (FLOT)	33.33%	$1.00	$1.00	0.47%	Interest Income
2025-03-26	2025-04-08	Completed	33.33%	$19.47	$17.70	-9.12%	Stop
2024-12-19	2025-03-26	Interest (FLOT)	33.33%	$1.00	$1.01	1.35%	Interest Income
2024-02-26	2025-02-26	Completed	33.33%	$17.60	$19.25	9.28%	Signal
2023-12-15	2024-12-19	Completed	33.33%	$16.81	$17.82	5.95%	Signal
2023-11-27	2024-02-26	Interest (FLOT)	33.33%	$1.00	$1.02	1.90%	Interest Income
2023-09-22	2023-12-15	Interest (FLOT)	33.33%	$1.00	$1.01	1.44%	Interest Income
2023-04-05	2023-11-27	Completed	33.33%	$15.77	$16.25	2.99%	Signal
2023-06-02	2023-11-17	Interest (FLOT)	33.33%	$1.00	$1.03	2.97%	Interest Income
2022-12-30	2023-09-22	Completed	33.33%	$14.61	$15.81	8.20%	Signal
2023-04-04	2023-06-01	Interest (SHV)	33.33%	$1.00	$1.01	0.71%	Interest Income
2023-04-04	2023-04-05	Interest (SHV)	33.33%	$1.00	$1.00	0.04%	Interest Income
2023-03-14	2023-04-03	Interest (FLOT)	33.33%	$1.00	$1.01	1.23%	Interest Income
2023-03-14	2023-04-03	Interest (FLOT)	33.33%	$1.00	$1.01	1.23%	Interest Income
2023-01-18	2023-03-14	Completed	33.33%	$15.82	$15.16	-4.21%	Stop
2023-01-18	2023-03-14	Completed	33.33%	$15.82	$15.16	-4.21%	Stop
2022-12-02	2023-01-18	Interest (FLOT)	33.33%	$1.00	$1.01	0.86%	Interest Income
2022-12-02	2023-01-18	Interest (FLOT)	33.33%	$1.00	$1.01	0.86%	Interest Income
2022-12-02	2022-12-30	Interest (FLOT)	33.33%	$1.00	$1.01	0.58%	Interest Income
2022-10-04	2022-12-01	Interest (BIL)	33.33%	$1.00	$1.01	0.52%	Interest Income
2022-10-04	2022-12-01	Interest (BIL)	33.33%	$1.00	$1.01	0.52%	Interest Income
2022-10-04	2022-12-01	Interest (BIL)	33.33%	$1.00	$1.01	0.52%	Interest Income
2022-09-07	2022-10-03	Interest (FLOT)	33.33%	$1.00	$1.00	-0.15%	Interest Income
2022-09-02	2022-10-03	Interest (FLOT)	33.33%	$1.00	$1.00	-0.05%	Interest Income
2022-09-02	2022-10-03	Interest (FLOT)	33.33%	$1.00	$1.00	-0.05%	Interest Income
2022-06-01	2022-09-07	Completed	33.33%	$15.40	$13.35	-13.36%	Signal
2022-03-03	2022-09-01	Interest (BIL)	33.33%	$1.00	$1.00	0.37%	Interest Income
2022-03-02	2022-09-01	Interest (BIL)	33.33%	$1.00	$1.00	0.37%	Interest Income
2022-05-09	2022-06-01	Interest (BIL)	33.33%	$1.00	$1.00	0.01%	Interest Income
2020-04-01	2022-05-09	Completed	33.33%	$10.37	$14.49	39.73%	Stop
2020-10-05	2022-03-03	Completed	33.33%	$13.32	$15.85	18.94%	Signal
2022-01-21	2022-03-01	Interest (FLOT)	33.33%	$1.00	$1.00	0.07%	Interest Income
2022-01-12	2022-01-21	Completed	33.33%	$17.26	$16.77	-2.90%	Signal
2022-01-04	2022-01-12	Interest (FLOT)	33.33%	$1.00	$1.00	-0.04%	Interest Income
2021-12-02	2022-01-03	Interest (BIL)	33.33%	$1.00	$1.00	-0.02%	Interest Income
2020-07-02	2021-12-02	Completed	33.33%	$12.67	$16.39	29.33%	Signal
2020-06-02	2020-10-05	Interest (FLOT)	33.33%	$1.00	$1.01	1.11%	Interest Income
2020-06-02	2020-07-02	Interest (FLOT)	33.33%	$1.00	$1.01	0.66%	Interest Income
2020-04-30	2020-06-01	Interest (SHV)	33.33%	$1.00	$1.00	0.00%	Interest Income
2020-03-26	2020-06-01	Interest (SHV)	33.33%	$1.00	$1.00	-0.04%	Interest Income
2020-03-24	2020-04-30	Completed	33.33%	$9.96	$11.51	15.52%	Signal
2020-03-10	2020-04-01	Interest (SHV)	33.33%	$1.00	$1.00	0.07%	Interest Income
2020-03-24	2020-03-26	Completed	33.33%	$9.96	$10.51	5.54%	Signal
2020-03-03	2020-03-24	Interest (SHV)	33.33%	$1.00	$1.00	0.36%	Interest Income
2020-03-03	2020-03-24	Interest (SHV)	33.33%	$1.00	$1.00	0.36%	Interest Income
2019-06-12	2020-03-10	Completed	33.33%	$12.78	$11.92	-6.77%	Stop
2020-03-02	2020-03-02	Interest (FLOT)	33.33%	$1.00	$1.00	0.05%	Interest Income
2020-03-02	2020-03-02	Interest (FLOT)	33.33%	$1.00	$1.00	0.05%	Interest Income
2019-09-13	2020-03-02	Completed	33.33%	$13.08	$12.55	-4.11%	Stop
2019-06-12	2020-03-02	Completed	33.33%	$12.78	$12.55	-1.90%	Stop
2019-08-15	2019-09-13	Interest (FLOT)	33.33%	$1.00	$1.00	0.37%	Interest Income
2019-03-27	2019-08-15	Completed	33.33%	$12.64	$12.21	-3.46%	Signal
2019-03-04	2019-06-12	Interest (FLOT)	33.33%	$1.00	$1.01	0.94%	Interest Income
2019-03-04	2019-06-12	Interest (FLOT)	33.33%	$1.00	$1.01	0.94%	Interest Income
2019-03-04	2019-03-27	Interest (FLOT)	33.33%	$1.00	$1.00	0.24%	Interest Income
2019-02-25	2019-03-01	Interest (SHV)	33.33%	$1.00	$1.00	0.04%	Interest Income
2018-12-10	2019-03-01	Interest (SHV)	33.33%	$1.00	$1.01	0.58%	Interest Income
2018-12-10	2019-03-01	Interest (SHV)	33.33%	$1.00	$1.01	0.58%	Interest Income
2018-11-16	2019-02-25	Completed	33.33%	$12.04	$12.61	4.73%	Signal
2018-11-08	2018-12-10	Completed	33.33%	$12.37	$11.66	-5.78%	Stop
2018-11-08	2018-12-10	Completed	33.33%	$12.37	$11.66	-5.78%	Stop
2018-11-02	2018-11-16	Interest (BIL)	33.33%	$1.00	$1.00	0.08%	Interest Income
2018-11-02	2018-11-08	Interest (BIL)	33.33%	$1.00	$1.00	0.02%	Interest Income
2018-11-02	2018-11-08	Interest (BIL)	33.33%	$1.00	$1.00	0.02%	Interest Income
2018-10-25	2018-11-01	Interest (FLOT)	33.33%	$1.00	$1.00	0.09%	Interest Income
2018-10-12	2018-11-01	Interest (FLOT)	33.33%	$1.00	$1.00	0.05%	Interest Income
2018-10-12	2018-11-01	Interest (FLOT)	33.33%	$1.00	$1.00	0.05%	Interest Income
2017-03-29	2018-10-25	Completed	33.33%	$11.44	$11.87	3.71%	Stop
2018-09-19	2018-10-12	Completed	33.33%	$13.06	$12.37	-5.32%	Stop
2018-09-19	2018-10-12	Completed	33.33%	$13.06	$12.37	-5.32%	Stop
2018-08-14	2018-09-19	Interest (FLOT)	33.33%	$1.00	$1.00	0.32%	Interest Income
2018-04-30	2018-09-19	Interest (FLOT)	33.33%	$1.00	$1.01	1.00%	Interest Income
2016-08-10	2018-08-14	Completed	33.33%	$10.66	$12.84	20.40%	Signal
2017-02-06	2018-04-30	Completed	33.33%	$10.97	$13.42	22.32%	Signal
2016-11-02	2017-03-29	Interest (FLOT)	33.33%	$1.00	$1.01	0.78%	Interest Income
2016-12-30	2017-02-06	Interest (FLOT)	33.33%	$1.00	$1.00	0.10%	Interest Income
2016-05-10	2016-12-30	Completed	33.33%	$10.18	$10.63	4.41%	Signal
2016-10-04	2016-11-01	Interest (BIL)	33.33%	$1.00	$1.00	0.02%	Interest Income
2016-04-04	2016-10-03	Interest (FLOT)	33.33%	$1.00	$1.01	1.17%	Interest Income
2016-04-04	2016-08-10	Interest (FLOT)	33.33%	$1.00	$1.01	0.85%	Interest Income
2016-04-04	2016-05-10	Interest (FLOT)	33.33%	$1.00	$1.00	0.41%	Interest Income
2016-03-02	2016-04-01	Interest (BIL)	33.33%	$1.00	$1.00	0.00%	Interest Income
2016-03-02	2016-04-01	Interest (BIL)	33.33%	$1.00	$1.00	0.00%	Interest Income
2016-03-02	2016-04-01	Interest (BIL)	33.33%	$1.00	$1.00	0.00%	Interest Income
2016-02-02	2016-03-01	Interest (SHV)	33.33%	$1.00	$1.00	0.01%	Interest Income
2016-02-02	2016-03-01	Interest (SHV)	33.33%	$1.00	$1.00	0.01%	Interest Income
2016-02-02	2016-03-01	Interest (SHV)	33.33%	$1.00	$1.00	0.01%	Interest Income
2015-12-14	2016-02-01	Interest (FLOT)	33.33%	$1.00	$1.00	0.01%	Interest Income
2015-12-14	2016-02-01	Interest (FLOT)	33.33%	$1.00	$1.00	0.01%	Interest Income
2015-11-03	2016-02-01	Interest (FLOT)	33.33%	$1.00	$1.00	0.11%	Interest Income
2015-10-09	2015-12-14	Completed	33.33%	$10.66	$10.11	-5.14%	Stop
2015-10-09	2015-12-14	Completed	33.33%	$10.66	$10.11	-5.14%	Stop
2015-10-30	2015-11-02	Interest (SHV)	33.33%	$1.00	$1.00	-0.02%	Interest Income
2015-09-17	2015-10-30	Completed	33.33%	$10.42	$10.67	2.33%	Signal
2015-09-02	2015-10-09	Interest (SHV)	33.33%	$1.00	$1.00	0.04%	Interest Income
2015-09-02	2015-10-09	Interest (SHV)	33.33%	$1.00	$1.00	0.04%	Interest Income
2015-09-02	2015-09-17	Interest (SHV)	33.33%	$1.00	$1.00	-0.02%	Interest Income
2015-08-25	2015-09-01	Interest (BIL)	33.33%	$1.00	$1.00	0.02%	Interest Income
2015-08-24	2015-09-01	Interest (BIL)	33.33%	$1.00	$1.00	0.02%	Interest Income
2015-08-19	2015-09-01	Interest (BIL)	33.33%	$1.00	$1.00	0.02%	Interest Income
2015-04-29	2015-08-25	Completed	33.33%	$11.61	$10.22	-12.07%	Stop
2012-12-07	2015-08-24	Completed	33.33%	$9.07	$10.15	11.89%	Signal
2015-03-23	2015-08-19	Completed	33.33%	$11.28	$10.89	-3.47%	Signal
2015-03-03	2015-04-29	Interest (FLOT)	33.33%	$1.00	$1.00	0.20%	Interest Income
2015-03-03	2015-03-23	Interest (FLOT)	33.33%	$1.00	$1.00	0.12%	Interest Income
2015-02-03	2015-03-02	Interest (SHV)	33.33%	$1.00	$1.00	-0.01%	Interest Income
2015-02-03	2015-03-02	Interest (SHV)	33.33%	$1.00	$1.00	-0.01%	Interest Income
2015-01-05	2015-02-02	Interest (BIL)	33.33%	$1.00	$1.00	-0.00%	Interest Income
2015-01-05	2015-02-02	Interest (BIL)	33.33%	$1.00	$1.00	-0.00%	Interest Income
2014-12-16	2015-01-02	Interest (SHV)	33.33%	$1.00	$1.00	-0.03%	Interest Income
2014-12-02	2015-01-02	Interest (SHV)	33.33%	$1.00	$1.00	-0.04%	Interest Income
2014-11-07	2014-12-16	Completed	33.33%	$10.72	$10.25	-4.41%	Signal
2014-11-04	2014-12-01	Interest (BIL)	33.33%	$1.00	$1.00	-0.00%	Interest Income
2014-11-04	2014-11-07	Interest (BIL)	33.33%	$1.00	$1.00	0.02%	Interest Income
2014-10-16	2014-11-03	Interest (FLOT)	33.33%	$1.00	$1.00	-0.08%	Interest Income
2014-10-06	2014-11-03	Interest (FLOT)	33.33%	$1.00	$1.00	-0.12%	Interest Income
2012-11-13	2014-10-16	Completed	33.33%	$8.61	$10.11	17.37%	Stop
2012-09-12	2014-10-06	Completed	33.33%	$8.79	$10.80	22.75%	Signal
2012-12-04	2012-12-07	Interest (SHV)	33.33%	$1.00	$1.00	0.00%	Interest Income
2012-07-03	2012-12-03	Interest (FLOT)	33.33%	$1.00	$1.01	0.85%	Interest Income
2012-09-18	2012-11-13	Interest (FLOT)	33.33%	$1.00	$1.00	0.34%	Interest Income
2012-05-16	2012-09-18	Completed	33.33%	$7.94	$8.95	12.74%	Signal
2012-07-03	2012-09-12	Interest (FLOT)	33.33%	$1.00	$1.01	0.54%	Interest Income
2012-06-19	2012-07-02	Interest (BIL)	33.33%	$1.00	$1.00	-0.04%	Interest Income
2012-06-04	2012-07-02	Interest (BIL)	33.33%	$1.00	$1.00	-0.04%	Interest Income
2012-06-12	2012-06-19	Completed	33.33%	$7.78	$7.96	2.33%	Signal
2012-06-04	2012-06-12	Interest (BIL)	33.33%	$1.00	$1.00	-0.02%	Interest Income
2012-05-18	2012-06-01	Interest (FLOT)	33.33%	$1.00	$1.00	-0.06%	Interest Income
2012-05-09	2012-06-01	Interest (FLOT)	33.33%	$1.00	$1.00	-0.26%	Interest Income
2012-02-03	2012-05-18	Completed	33.33%	$8.64	$7.79	-9.81%	Stop
2012-01-04	2012-05-16	Interest (FLOT)	33.33%	$1.00	$1.02	2.03%	Interest Income
2011-10-27	2012-05-09	Completed	33.33%	$8.68	$8.16	-6.09%	Signal
2012-01-04	2012-02-03	Interest (FLOT)	33.33%	$1.00	$1.01	1.01%	Interest Income
2011-12-02	2012-01-03	Interest (SHV)	33.33%	$1.00	$1.00	-0.02%	Interest Income
2011-12-02	2012-01-03	Interest (SHV)	33.33%	$1.00	$1.00	-0.02%	Interest Income
2011-10-25	2011-12-01	Interest (BIL)	33.33%	$1.00	$1.00	-0.04%	Interest Income
2011-10-25	2011-12-01	Interest (BIL)	33.33%	$1.00	$1.00	-0.04%	Interest Income
2011-10-25	2011-10-27	Interest (BIL)	33.33%	$1.00	$1.00	0.00%	Interest Income

Next Steps: Portfolio Integration & Comparative Analysis

Single-ticker trend following is designed to truncate tail risk inside a broader portfolio. View where SCHF ranks across 40+ tracked assets, evaluate correlation against non-correlated diversifiers, or model it inside a custom all-weather asset mix.

📊 View Full 40-Asset Backtest Matrix → 🛠️ Build Custom Portfolio with SCHF → ⚖️ Compare SCHF vs Non-Correlated Assets →