SFNNX vs. RWIIX

Last updated Jun 26, 2026

SFNNX (Schwab Fundamental International Equity Index Fund) and RWIIX (Redwood AlphaFactor Tactical International Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, SFNNX returned 12.75%/yr vs 0.83%/yr for RWIIX. A 0.62 correlation means they provide meaningful diversification when combined. SFNNX charges 0.25%/yr vs 1.22%/yr for RWIIX.

Performance

SFNNX vs. RWIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental International Equity Index Fund (SFNNX) and Redwood AlphaFactor Tactical International Fund (RWIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFNNX achieves a 15.98% return, which is significantly higher than RWIIX's 4.55% return.

SFNNX

• 1D: 0.12%
• 1M: -3.01%
• YTD: 15.98%
• 6M: 16.23%
• 1Y: 37.80%
• 3Y*: 22.31%
• 5Y*: 12.75%
• 10Y*: 12.04%

RWIIX

• 1D: -0.29%
• 1M: -4.30%
• YTD: 4.55%
• 6M: 4.71%
• 1Y: 15.60%
• 3Y*: 3.82%
• 5Y*: 0.83%
• 10Y*: —

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

SFNNX vs. RWIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SFNNX Schwab Fundamental International Equity Index Fund	15.98%	41.06%	2.27%	19.88%	-7.95%	14.38%	4.35%	18.09%	-13.96%	0.53%
RWIIX Redwood AlphaFactor Tactical International Fund	4.55%	7.87%	-6.03%	9.07%	-11.57%	10.68%	14.57%	4.58%	-2.46%	0.62%

Correlation

The correlation between SFNNX and RWIIX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Dec 26, 2017	0.62

The correlation between SFNNX and RWIIX shifts across timeframes, from 0.62 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SFNNX vs. RWIIX — Risk / Return Rank

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

SFNNX

SFNNX Risk / Return Rank: 82
SFNNX Sharpe Ratio Rank: 85
SFNNX Sortino Ratio Rank: 77
SFNNX Omega Ratio Rank: 80
SFNNX Calmar Ratio Rank: 84
SFNNX Martin Ratio Rank: 81

RWIIX

RWIIX Risk / Return Rank: 33
RWIIX Sharpe Ratio Rank: 30
RWIIX Sortino Ratio Rank: 28
RWIIX Omega Ratio Rank: 33
RWIIX Calmar Ratio Rank: 45
RWIIX Martin Ratio Rank: 29

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.

SFNNX vs. RWIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Equity Index Fund (SFNNX) and Redwood AlphaFactor Tactical International Fund (RWIIX). 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.

	SFNNX	RWIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	1.32	+1.11
Sortino ratio: Return per unit of downside risk	3.13	1.82	+1.31
Omega ratio: Gain probability vs. loss probability	1.44	1.25	+0.19
Calmar ratio: Return relative to maximum drawdown	3.52	2.22	+1.30
Martin ratio: Return relative to average drawdown	12.78	5.72	+7.06

SFNNX vs. RWIIX - Sharpe Ratio Comparison

The current SFNNX Sharpe Ratio is 2.43, which is higher than the RWIIX Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of SFNNX and RWIIX, 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

SFNNX vs. RWIIX - Drawdown Comparison

The maximum SFNNX drawdown since its inception was -59.60%, which is greater than RWIIX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for SFNNX and RWIIX.

Drawdown Indicators

	SFNNX	RWIIX	Difference
Max Drawdown Largest peak-to-trough decline	-59.60%	-20.34%	-39.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-6.94%	-3.69%
Max Drawdown (3Y) Largest decline over 3 years	-13.78%	-20.34%	+6.56%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	-20.34%	-5.32%
Max Drawdown (10Y) Largest decline over 10 years	-40.23%	—	—
Current Drawdown Current decline from peak	-4.56%	-5.04%	+0.48%
Average Drawdown Average peak-to-trough decline	-11.94%	-7.78%	-4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	2.69%	+0.23%

Volatility

SFNNX vs. RWIIX - Volatility Comparison

Schwab Fundamental International Equity Index Fund (SFNNX) has a higher volatility of 6.63% compared to Redwood AlphaFactor Tactical International Fund (RWIIX) at 4.78%. This indicates that SFNNX's price experiences larger fluctuations and is considered to be riskier than RWIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFNNX	RWIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.63%	4.78%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	13.04%	9.43%	+3.61%
Volatility (1Y) Calculated over the trailing 1-year period	15.46%	11.77%	+3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.74%	11.68%	+4.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.09%	10.98%	+6.11%

SFNNX vs. RWIIX - Expense Ratio Comparison

SFNNX has a 0.25% expense ratio, which is lower than RWIIX's 1.22% expense ratio.

Dividends

SFNNX vs. RWIIX - Dividend Comparison

SFNNX's dividend yield for the trailing twelve months is around 4.41%, less than RWIIX's 8.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RWIIX Redwood AlphaFactor Tactical International Fund	8.36%	8.74%	0.00%	6.82%	1.72%	14.15%	6.51%	1.84%	0.86%	0.02%	0.00%	0.00%
SFNNX Schwab Fundamental International Equity Index Fund	4.41%	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

Can I hold both SFNNX and RWIIX in my portfolio?

SFNNX and RWIIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SFNNX or RWIIX?

SFNNX has higher volatility (6.63%) compared to RWIIX (4.78%). In terms of maximum drawdown, SFNNX dropped -59.60% vs RWIIX's -20.34%.

Which has better risk-adjusted returns?

SFNNX currently has the higher Sharpe Ratio (2.43 vs 1.32), 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.