FSCOX vs. SFNNX
FSCOX (Fidelity International Small Cap Opportunities Fund) and SFNNX (Schwab Fundamental International Large Company Index Fund) are both mutual funds - FSCOX is a Foreign Small & Mid Cap Equities fund managed by Fidelity, while SFNNX is a Foreign Large Cap Equities fund managed by Charles Schwab. Over the past 10 years, FSCOX returned 9.05%/yr vs 11.90%/yr for SFNNX. Their correlation of 0.84 suggests significant overlap in exposure. FSCOX charges 1.23%/yr vs 0.25%/yr for SFNNX.
Performance
FSCOX vs. SFNNX - Performance Comparison
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Returns By Period
In the year-to-date period, FSCOX achieves a 7.70% return, which is significantly lower than SFNNX's 21.53% return. Over the past 10 years, FSCOX has underperformed SFNNX with an annualized return of 9.05%, while SFNNX has yielded a comparatively higher 11.90% annualized return.
FSCOX
- 1D
- 0.56%
- 1M
- 2.80%
- YTD
- 7.70%
- 6M
- 10.24%
- 1Y
- 17.41%
- 3Y*
- 14.54%
- 5Y*
- 4.97%
- 10Y*
- 9.05%
SFNNX
- 1D
- 0.36%
- 1M
- 7.17%
- YTD
- 21.53%
- 6M
- 25.42%
- 1Y
- 45.45%
- 3Y*
- 24.36%
- 5Y*
- 13.49%
- 10Y*
- 11.90%
FSCOX vs. SFNNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSCOX Fidelity International Small Cap Opportunities Fund | 7.70% | 25.05% | 4.08% | 16.99% | -28.93% | 17.66% | 19.61% | 29.07% | -14.13% | 34.70% |
SFNNX Schwab Fundamental International Large Company Index Fund | 21.53% | 41.06% | 2.27% | 19.88% | -7.95% | 14.38% | 4.35% | 18.09% | -13.96% | 23.95% |
Correlation
The correlation between FSCOX and SFNNX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2008 | 0.84 |
The correlation between FSCOX and SFNNX has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
FSCOX vs. SFNNX — Risk / Return Rank
FSCOX
SFNNX
FSCOX vs. SFNNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Small Cap Opportunities Fund (FSCOX) and Schwab Fundamental International Large Company Index Fund (SFNNX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FSCOX | SFNNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.56 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 4.21 | -2.68 |
| Martin ratioReturn relative to average drawdown | 5.11 | 15.80 | -10.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSCOX | SFNNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 3.12 | -1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.87 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.69 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.28 | +0.10 |
Drawdowns
FSCOX vs. SFNNX - Drawdown Comparison
The maximum FSCOX drawdown since its inception was -72.65%, which is greater than SFNNX's maximum drawdown of -59.60%. Use the drawdown chart below to compare losses from any high point for FSCOX and SFNNX.
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Drawdown Indicators
| FSCOX | SFNNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.65% | -59.60% | -13.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -10.63% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -14.69% | -13.78% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -40.75% | -25.66% | -15.09% |
Max Drawdown (10Y)Largest decline over 10 years | -40.75% | -40.23% | -0.52% |
Current DrawdownCurrent decline from peak | -1.01% | 0.00% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -18.51% | -11.97% | -6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 2.82% | +0.47% |
Volatility
FSCOX vs. SFNNX - Volatility Comparison
The current volatility for Fidelity International Small Cap Opportunities Fund (FSCOX) is 4.34%, while Schwab Fundamental International Large Company Index Fund (SFNNX) has a volatility of 4.63%. This indicates that FSCOX experiences smaller price fluctuations and is considered to be less risky than SFNNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSCOX | SFNNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.63% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 11.58% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 14.36% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 15.56% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 17.29% | -1.19% |
FSCOX vs. SFNNX - Expense Ratio Comparison
FSCOX has a 1.23% expense ratio, which is higher than SFNNX's 0.25% expense ratio.
Dividends
FSCOX vs. SFNNX - Dividend Comparison
FSCOX's dividend yield for the trailing twelve months is around 11.19%, more than SFNNX's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSCOX Fidelity International Small Cap Opportunities Fund | 11.19% | 12.05% | 6.41% | 3.73% | 6.40% | 8.83% | 0.00% | 1.09% | 2.99% | 1.31% | 1.43% | 0.47% |
SFNNX Schwab Fundamental International Large Company Index Fund | 4.21% | 5.11% | 3.61% | 3.26% | 2.92% | 3.81% | 2.42% | 3.69% | 3.51% | 2.70% | 3.21% | 2.92% |
Frequently Asked Questions
FSCOX and SFNNX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SFNNX has higher volatility (4.63%) compared to FSCOX (4.34%). In terms of maximum drawdown, FSCOX dropped -72.65% vs SFNNX's -59.60%.
SFNNX currently has the higher Sharpe Ratio (3.12 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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