FTIHX vs. SWISX

Last updated Jun 23, 2026

FTIHX (Fidelity Total International Index Fund) and SWISX (Schwab International Index Fund) are both Foreign Large Cap Equities funds - FTIHX tracks the MSCI ACWI (All Country World Index) ex USA Investable Market Index while SWISX tracks the MSCI EAFE Index (Net). Both are passively managed. Over the past 10 years, FTIHX returned 9.72%/yr vs 9.58%/yr for SWISX. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.06% expense ratio.

Performance

FTIHX vs. SWISX - Performance Comparison

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

Returns By Period

In the year-to-date period, FTIHX achieves a 15.59% return, which is significantly higher than SWISX's 10.58% return. Both investments have delivered pretty close results over the past 10 years, with FTIHX having a 9.72% annualized return and SWISX not far behind at 9.58%.

FTIHX

• 1D: 1.37%
• 1M: 3.09%
• YTD: 15.59%
• 6M: 16.40%
• 1Y: 33.74%
• 3Y*: 18.58%
• 5Y*: 9.19%
• 10Y*: 9.72%

SWISX

• 1D: 0.83%
• 1M: 1.99%
• YTD: 10.58%
• 6M: 10.97%
• 1Y: 25.29%
• 3Y*: 16.19%
• 5Y*: 9.33%
• 10Y*: 9.58%

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

FTIHX vs. SWISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTIHX Fidelity Total International Index Fund	15.59%	32.59%	4.98%	15.49%	-16.29%	8.45%	11.09%	21.50%	-14.40%	25.88%
SWISX Schwab International Index Fund	10.58%	31.59%	3.54%	18.13%	-14.30%	11.25%	8.14%	21.87%	-13.38%	25.32%

Correlation

The correlation between FTIHX and SWISX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 16, 2016	0.95

The correlation between FTIHX and SWISX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

FTIHX vs. SWISX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTIHX

FTIHX Risk / Return Rank: 62
FTIHX Sharpe Ratio Rank: 64
FTIHX Sortino Ratio Rank: 58
FTIHX Omega Ratio Rank: 63
FTIHX Calmar Ratio Rank: 63
FTIHX Martin Ratio Rank: 61

SWISX

SWISX Risk / Return Rank: 35
SWISX Sharpe Ratio Rank: 34
SWISX Sortino Ratio Rank: 33
SWISX Omega Ratio Rank: 33
SWISX Calmar Ratio Rank: 36
SWISX Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTIHX vs. SWISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Total International Index Fund (FTIHX) and Schwab International Index Fund (SWISX). 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.

	FTIHX	SWISX	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.56	+0.59
Sortino ratio: Return per unit of downside risk	2.91	2.23	+0.68
Omega ratio: Gain probability vs. loss probability	1.40	1.28	+0.12
Calmar ratio: Return relative to maximum drawdown	2.92	2.14	+0.78
Martin ratio: Return relative to average drawdown	11.31	8.03	+3.29

FTIHX vs. SWISX - Sharpe Ratio Comparison

The current FTIHX Sharpe Ratio is 2.16, which is higher than the SWISX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of FTIHX and SWISX, 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

FTIHX vs. SWISX - Drawdown Comparison

The maximum FTIHX drawdown since its inception was -35.75%, smaller than the maximum SWISX drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for FTIHX and SWISX.

Drawdown Indicators

	FTIHX	SWISX	Difference
Max Drawdown Largest peak-to-trough decline	-35.75%	-60.65%	+24.90%
Max Drawdown (1Y) Largest decline over 1 year	-11.25%	-11.39%	+0.14%
Max Drawdown (3Y) Largest decline over 3 years	-13.15%	-13.68%	+0.53%
Max Drawdown (5Y) Largest decline over 5 years	-29.99%	-29.42%	-0.57%
Max Drawdown (10Y) Largest decline over 10 years	-35.75%	-33.83%	-1.92%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.19%	-14.79%	+7.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	3.04%	-0.14%

Volatility

FTIHX vs. SWISX - Volatility Comparison

Fidelity Total International Index Fund (FTIHX) has a higher volatility of 6.33% compared to Schwab International Index Fund (SWISX) at 5.02%. This indicates that FTIHX's price experiences larger fluctuations and is considered to be riskier than SWISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTIHX	SWISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	5.02%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	13.24%	13.02%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	15.62%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	16.37%	-0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.12%	16.88%	-0.76%

FTIHX vs. SWISX - Expense Ratio Comparison

Both FTIHX and SWISX have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FTIHX vs. SWISX - Dividend Comparison

FTIHX's dividend yield for the trailing twelve months is around 2.41%, less than SWISX's 3.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTIHX Fidelity Total International Index Fund	2.41%	2.78%	2.88%	2.78%	2.51%	2.55%	1.62%	2.61%	2.21%	0.45%	0.47%	0.00%
SWISX Schwab International Index Fund	3.21%	3.55%	3.29%	3.31%	2.73%	3.34%	1.88%	3.09%	3.15%	2.71%	3.19%	2.71%

Frequently Asked Questions

Can I hold both FTIHX and SWISX in my portfolio?

With a correlation of 0.95, FTIHX and SWISX 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, FTIHX or SWISX?

FTIHX has higher volatility (6.33%) compared to SWISX (5.02%). In terms of maximum drawdown, FTIHX dropped -35.75% vs SWISX's -60.65%.

Which has better risk-adjusted returns?

FTIHX currently has the higher Sharpe Ratio (2.15 vs 1.56), 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.