IFN vs. SFENX
IFN (The India Fund) and SFENX (Schwab Fundamental Emerging Markets Equity Index Fund) are both Emerging Markets Equities funds. Over the past 10 years, IFN returned 7.10%/yr vs 11.13%/yr for SFENX. A 0.61 correlation means they provide meaningful diversification when combined. IFN charges 0.01%/yr vs 0.39%/yr for SFENX.
Performance
IFN vs. SFENX - Performance Comparison
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Returns By Period
In the year-to-date period, IFN achieves a -10.24% return, which is significantly lower than SFENX's 13.84% return. Over the past 10 years, IFN has underperformed SFENX with an annualized return of 7.10%, while SFENX has yielded a comparatively higher 11.13% annualized return.
IFN
- 1D
- -1.46%
- 1M
- 2.13%
- YTD
- -10.24%
- 6M
- -11.08%
- 1Y
- -16.11%
- 3Y*
- 1.50%
- 5Y*
- 1.47%
- 10Y*
- 7.10%
SFENX
- 1D
- 0.23%
- 1M
- 1.33%
- YTD
- 13.84%
- 6M
- 14.25%
- 1Y
- 32.69%
- 3Y*
- 20.69%
- 5Y*
- 9.76%
- 10Y*
- 11.13%
IFN vs. SFENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFN The India Fund | -10.24% | 0.42% | -2.26% | 36.48% | -15.85% | 22.31% | 12.25% | 11.27% | -5.33% | 37.15% |
SFENX Schwab Fundamental Emerging Markets Equity Index Fund | 13.84% | 29.19% | 12.31% | 14.90% | -15.50% | 13.91% | -3.01% | 19.46% | -9.96% | 26.44% |
Correlation
The correlation between IFN and SFENX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.61 |
Over the past year, the correlation between IFN and SFENX has dropped to 0.40 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
IFN vs. SFENX — Risk / Return Rank
IFN
SFENX
IFN vs. SFENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The India Fund (IFN) and Schwab Fundamental Emerging Markets Equity Index Fund (SFENX). 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.
| IFN | SFENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.38 | ||
| Sortino ratioReturn per unit of downside risk | -4.63 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.44 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 3.52 | -4.14 |
| Martin ratioReturn relative to average drawdown | -1.27 | 12.26 | -13.53 |
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Drawdowns
IFN vs. SFENX - Drawdown Comparison
The maximum IFN drawdown since its inception was -71.52%, which is greater than SFENX's maximum drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for IFN and SFENX.
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Drawdown Indicators
| IFN | SFENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.52% | -47.19% | -24.33% |
Max Drawdown (1Y)Largest decline over 1 year | -26.05% | -9.45% | -16.60% |
Max Drawdown (3Y)Largest decline over 3 years | -31.53% | -16.51% | -15.02% |
Max Drawdown (5Y)Largest decline over 5 years | -31.53% | -29.26% | -2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -41.48% | -39.59% | -1.89% |
Current DrawdownCurrent decline from peak | -24.95% | -2.93% | -22.02% |
Average DrawdownAverage peak-to-trough decline | -25.88% | -12.86% | -13.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.74% | 2.71% | +10.03% |
Volatility
IFN vs. SFENX - Volatility Comparison
The India Fund (IFN) has a higher volatility of 5.77% compared to Schwab Fundamental Emerging Markets Equity Index Fund (SFENX) at 5.29%. This indicates that IFN's price experiences larger fluctuations and is considered to be riskier than SFENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFN | SFENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 5.29% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 14.15% | 11.50% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 13.82% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 15.49% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 16.89% | +2.00% |
IFN vs. SFENX - Expense Ratio Comparison
IFN has a 0.01% expense ratio, which is lower than SFENX's 0.39% expense ratio.
Dividends
IFN vs. SFENX - Dividend Comparison
IFN's dividend yield for the trailing twelve months is around 18.91%, more than SFENX's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFN The India Fund | 18.91% | 16.09% | 14.60% | 8.97% | 21.47% | 15.21% | 9.77% | 11.57% | 22.25% | 12.11% | 7.97% | 8.02% |
SFENX Schwab Fundamental Emerging Markets Equity Index Fund | 3.45% | 3.93% | 4.67% | 5.00% | 5.46% | 4.61% | 2.95% | 3.82% | 2.90% | 2.37% | 2.16% | 3.23% |
Frequently Asked Questions
IFN and SFENX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFN has higher volatility (5.77%) compared to SFENX (5.29%). In terms of maximum drawdown, IFN dropped -71.52% vs SFENX's -47.19%.
SFENX currently has the higher Sharpe Ratio (2.41 vs -0.97), 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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