FTIEX vs. SCHF

Last updated Aug 4, 2026

FTIEX (Fidelity Total International Equity Fund) and SCHF (Schwab International Equity ETF) are both Foreign Large Cap Equities funds - FTIEX tracks the MSCI All Country World ex USA Index (Net) while SCHF tracks the FTSE Developed ex U.S. Index. Both are passively managed. Over the past 10 years, FTIEX returned 10.49%/yr vs 10.16%/yr for SCHF. Their correlation of 0.95 means they have usually moved in the same direction. FTIEX charges 0.91%/yr vs 0.06%/yr for SCHF.

Performance

FTIEX vs. SCHF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Total International Equity Fund (FTIEX) and Schwab International Equity ETF (SCHF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTIEX achieves a 12.22% return, which is significantly lower than SCHF's 15.34% return. Both investments have delivered pretty close results over the past 10 years, with FTIEX having a 10.49% annualized return and SCHF not far behind at 10.16%.

FTIEX

• 1D: -0.06%
• 1M: -0.54%
• 6M: 5.03%
• YTD: 12.22%
• 1Y: 25.78%
• 3Y*: 17.88%
• 5Y*: 9.29%
• 10Y*: 10.49%
• ALL TIME*: 5.05%

SCHF

• 1D: 0.47%
• 1M: 0.33%
• 6M: 8.27%
• YTD: 15.34%
• 1Y: 31.49%
• 3Y*: 19.29%
• 5Y*: 9.97%
• 10Y*: 10.16%
• ALL TIME*: 7.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTIEX Fidelity Total International Equity Fund	$0.00	$0.00	$0.00
SCHF Schwab International Equity ETF	$217.84M	$219.61M	$214.32M

FTIEX vs. SCHF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTIEX Fidelity Total International Equity Fund	12.22%	32.46%	6.58%	16.31%	-17.03%	11.11%	17.91%	27.63%	-15.19%	28.22%
SCHF Schwab International Equity ETF	15.34%	34.55%	3.28%	18.35%	-14.80%	11.40%	9.48%	22.26%	-14.29%	26.03%

Correlation

The correlation between FTIEX and SCHF is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Nov 3, 2009	0.95

The correlation between FTIEX and SCHF has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

FTIEX vs. SCHF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FTIEX

FTIEX Risk / Return Rank: 54
FTIEX Sharpe Ratio Rank: 53
FTIEX Sortino Ratio Rank: 51
FTIEX Omega Ratio Rank: 54
FTIEX Calmar Ratio Rank: 57
FTIEX Martin Ratio Rank: 56

SCHF

SCHF Risk / Return Rank: 78
SCHF Sharpe Ratio Rank: 79
SCHF Sortino Ratio Rank: 76
SCHF Omega Ratio Rank: 78
SCHF Calmar Ratio Rank: 77
SCHF Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FTIEX vs. SCHF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Total International Equity Fund (FTIEX) and Schwab International Equity ETF (SCHF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FTIEX	SCHF	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.82	-0.33
Sortino ratio: Return per unit of downside risk	2.10	2.50	-0.40
Omega ratio: Gain probability vs. loss probability	1.28	1.33	-0.05
Calmar ratio: Return relative to maximum drawdown	2.14	2.75	-0.62
Martin ratio: Return relative to average drawdown	7.97	10.23	-2.26

FTIEX vs. SCHF - Sharpe Ratio Comparison

The current FTIEX Sharpe Ratio is 1.49, which is comparable to the SCHF Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of FTIEX and SCHF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTIEX vs. SCHF - Drawdown Comparison

The maximum FTIEX drawdown since its inception was -61.85%, which is greater than SCHF's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for FTIEX and SCHF.

Drawdown Indicators

	FTIEX	SCHF	Difference
Max Drawdown Largest peak-to-trough decline	-61.85%	-34.87%	-26.98%
Max Drawdown (1Y) Largest decline over 1 year	-11.78%	-11.48%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-14.18%	-13.41%	-0.77%
Max Drawdown (5Y) Largest decline over 5 years	-30.02%	-29.14%	-0.88%
Max Drawdown (10Y) Largest decline over 10 years	-33.37%	-34.87%	+1.50%
Current Drawdown Current decline from peak	-2.85%	-1.99%	-0.86%
Average Drawdown Average peak-to-trough decline	-13.06%	-7.33%	-5.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	3.09%	+0.06%

Volatility

FTIEX vs. SCHF - Volatility Comparison

Fidelity Total International Equity Fund (FTIEX) and Schwab International Equity ETF (SCHF) have volatilities of 5.52% and 5.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTIEX	SCHF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	5.37%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	15.03%	15.41%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	16.88%	17.38%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.52%	16.70%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	17.06%	-0.28%

FTIEX vs. SCHF - Expense Ratio Comparison

FTIEX has a 0.91% expense ratio, which is higher than SCHF's 0.06% expense ratio.

Dividends

FTIEX vs. SCHF - Dividend Comparison

FTIEX's dividend yield for the trailing twelve months is around 1.10%, less than SCHF's 3.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTIEX Fidelity Total International Equity Fund	1.10%	1.23%	1.57%	1.33%	1.07%	8.67%	2.46%	1.66%	1.00%	2.43%	1.47%	1.25%
SCHF Schwab International Equity ETF	3.06%	3.42%	3.26%	2.97%	2.80%	3.19%	2.08%	2.95%	3.06%	2.35%	2.58%	2.26%

Frequently Asked Questions

Can I hold both FTIEX and SCHF in my portfolio?

With a correlation of 0.95, FTIEX and SCHF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FTIEX or SCHF?

FTIEX has higher volatility (5.52%) compared to SCHF (5.37%). In terms of maximum drawdown, FTIEX dropped -61.85% vs SCHF's -34.87%.

Which has better risk-adjusted returns?

SCHF currently has the higher Sharpe Ratio (1.82 vs 1.49), 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.