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Updated Reviewed quarterly

SCHE vs VXUS: ETF Comparison

SCHE · Schwab

TER 0.06% · Yield —

VXUS · Vanguard

TER 0.05% · Yield —

Both SCHE and VXUS are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.

In 30 seconds: SCHE (Schwab Emerging Markets Equity ETF, Schwab) trades on the NYSE Arca at 0.06% TER. VXUS (Vanguard Total International Stock ETF, Vanguard) trades on the NASDAQ at 0.05% TER. Both SCHE and VXUS are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.

  • SCHE: Schwab Emerging Markets Equity ETF — 0.06% TER, FIF above NZ$50K
  • VXUS: Vanguard Total International Stock ETF — 0.05% TER, FIF above NZ$50K
  • SCHE yield: not currently published
  • VXUS yield: not currently published
  • Cheaper TER: VXUS

Head-to-head comparison

FeatureSCHEVXUS
FundSchwab Emerging Markets Equity ETFVanguard Total International Stock ETF
IssuerSchwabVanguard
ExchangeNYSE ArcaNASDAQ
Total expense ratio0.06%0.05%
Dividend yield (TTM)——
Distribution frequencyQuarterlyQuarterly
NZ tax wrapperFIF above NZ$50KFIF above NZ$50K

Where to buy

SCHE trades on the NYSE Arca — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. VXUS trades on the NASDAQ — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. See all 11 NZ investment platforms compared.

Frequently asked questions

What is the difference between SCHE and VXUS?▾

SCHE (Schwab Emerging Markets Equity ETF) charges 0.06% TER vs VXUS (Vanguard Total International Stock ETF) at 0.05%. SCHE is from Schwab; VXUS is from Vanguard. Both SCHE and VXUS are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.

Which has the lower fee, SCHE or VXUS?▾

VXUS is cheaper at 0.05% TER vs SCHE at 0.06% — a gap of 0.01 percentage points.

Which yields more, SCHE or VXUS?▾

Yield data for at least one fund is not currently published — check the issuer fact sheet for the latest trailing 12-month yield. Headline yield is gross; after-tax outcome depends on your tax wrapper (FIF above NZ$50K for SCHE, FIF above NZ$50K for VXUS).

Can NZ residents buy both SCHE and VXUS?▾

Yes. SCHE is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. VXUS is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers.

How does NZ tax differ between SCHE and VXUS?▾

SCHE is FIF above NZ$50K. VXUS is FIF above NZ$50K. Same tax wrapper, no structural tax difference between the two for NZ residents. See /tax/pie-vs-fif/ for the full mechanics.

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