SICNX vs. FSGEX

Last updated Jun 4, 2026

SICNX (Schwab International Core Equity Fund) and FSGEX (Fidelity Series Global ex U.S. Index Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, SICNX returned 8.87%/yr vs 9.96%/yr for FSGEX. With a 0.95 correlation, they move nearly in lockstep. SICNX charges 0.86%/yr vs 0.01%/yr for FSGEX.

Performance

SICNX vs. FSGEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab International Core Equity Fund (SICNX) and Fidelity Series Global ex U.S. Index Fund (FSGEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SICNX achieves a 10.59% return, which is significantly lower than FSGEX's 15.85% return. Over the past 10 years, SICNX has underperformed FSGEX with an annualized return of 8.87%, while FSGEX has yielded a comparatively higher 9.96% annualized return.

SICNX

• 1D: 0.54%
• 1M: 5.19%
• YTD: 10.59%
• 6M: 7.48%
• 1Y: 22.77%
• 3Y*: 19.95%
• 5Y*: 10.21%
• 10Y*: 8.87%

FSGEX

• 1D: 0.76%
• 1M: 6.16%
• YTD: 15.85%
• 6M: 18.73%
• 1Y: 33.95%
• 3Y*: 20.16%
• 5Y*: 9.06%
• 10Y*: 9.96%

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

SICNX vs. FSGEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SICNX Schwab International Core Equity Fund	10.59%	31.57%	9.04%	20.00%	-15.31%	11.01%	4.64%	19.16%	-18.30%	25.48%
FSGEX Fidelity Series Global ex U.S. Index Fund	15.85%	32.99%	5.34%	15.56%	-15.75%	7.77%	10.75%	21.41%	-13.99%	27.47%

Correlation

The correlation between SICNX and FSGEX is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
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 Oct 2, 2009	0.95

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

Return for Risk

SICNX vs. FSGEX — Risk / Return Rank

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

SICNX

SICNX Risk / Return Rank: 23
SICNX Sharpe Ratio Rank: 22
SICNX Sortino Ratio Rank: 18
SICNX Omega Ratio Rank: 24
SICNX Calmar Ratio Rank: 24
SICNX Martin Ratio Rank: 26

FSGEX

FSGEX Risk / Return Rank: 59
FSGEX Sharpe Ratio Rank: 62
FSGEX Sortino Ratio Rank: 55
FSGEX Omega Ratio Rank: 59
FSGEX Calmar Ratio Rank: 60
FSGEX Martin Ratio Rank: 58

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.

SICNX vs. FSGEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Core Equity Fund (SICNX) and Fidelity Series Global ex U.S. Index Fund (FSGEX). 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.

	SICNX	FSGEX	Difference
Sharpe ratio: Return per unit of total volatility	1.33	2.31	-0.97
Sortino ratio: Return per unit of downside risk	1.80	3.13	-1.33
Omega ratio: Gain probability vs. loss probability	1.25	1.43	-0.17
Calmar ratio: Return relative to maximum drawdown	1.81	2.98	-1.17
Martin ratio: Return relative to average drawdown	6.36	11.69	-5.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SICNX vs. FSGEX - Sharpe Ratio Comparison

The current SICNX Sharpe Ratio is 1.33, which is lower than the FSGEX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of SICNX and FSGEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SICNX	FSGEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	2.31	-0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.59	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.62	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.42	-0.14

Drawdowns

SICNX vs. FSGEX - Drawdown Comparison

The maximum SICNX drawdown since its inception was -55.78%, which is greater than FSGEX's maximum drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for SICNX and FSGEX.

Drawdown Indicators

	SICNX	FSGEX	Difference
Max Drawdown Largest peak-to-trough decline	-55.78%	-34.74%	-21.04%
Max Drawdown (1Y) Largest decline over 1 year	-12.21%	-11.24%	-0.97%
Max Drawdown (3Y) Largest decline over 3 years	-13.53%	-13.34%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-29.11%	-29.66%	+0.55%
Max Drawdown (10Y) Largest decline over 10 years	-40.62%	-34.74%	-5.88%
Current Drawdown Current decline from peak	-1.23%	0.00%	-1.23%
Average Drawdown Average peak-to-trough decline	-12.20%	-8.45%	-3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	2.86%	+0.61%

Volatility

SICNX vs. FSGEX - Volatility Comparison

Schwab International Core Equity Fund (SICNX) and Fidelity Series Global ex U.S. Index Fund (FSGEX) have volatilities of 5.01% and 4.95%, 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

	SICNX	FSGEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	4.95%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	14.27%	12.28%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	16.69%	14.56%	+2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.13%	15.40%	+0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.49%	16.22%	+0.27%

SICNX vs. FSGEX - Expense Ratio Comparison

SICNX has a 0.86% expense ratio, which is higher than FSGEX's 0.01% expense ratio.

Dividends

SICNX vs. FSGEX - Dividend Comparison

SICNX has not paid dividends to shareholders, while FSGEX's dividend yield for the trailing twelve months is around 2.61%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSGEX Fidelity Series Global ex U.S. Index Fund	2.61%	3.02%	2.98%	2.90%	2.78%	2.59%	1.68%	2.10%	2.86%	2.48%	2.56%	2.61%
SICNX Schwab International Core Equity Fund	0.00%	0.00%	2.61%	2.67%	3.42%	2.86%	1.03%	3.56%	2.86%	2.61%	2.50%	2.04%

Frequently Asked Questions

Can I hold both SICNX and FSGEX in my portfolio?

With a correlation of 0.94, SICNX and FSGEX 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, SICNX or FSGEX?

SICNX has higher volatility (5.01%) compared to FSGEX (4.95%). In terms of maximum drawdown, SICNX dropped -55.78% vs FSGEX's -34.74%.

Which has better risk-adjusted returns?

FSGEX currently has the higher Sharpe Ratio (2.31 vs 1.33), 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.