SICNX vs. GQJPX

Last updated Aug 1, 2026

SICNX (Schwab International Core Equity Fund) and GQJPX (GQG Partners International Quality Dividend Income Fund) are both mutual funds - SICNX is a Foreign Large Cap Equities fund managed by Charles Schwab, while GQJPX is a Quality Factor fund managed by GQG Partners. Over the past 5 years, SICNX returned 10.72%/yr vs 9.74%/yr for GQJPX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. SICNX charges 0.86%/yr vs 0.91%/yr for GQJPX.

Performance

SICNX vs. GQJPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab International Core Equity Fund (SICNX) and GQG Partners International Quality Dividend Income Fund (GQJPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SICNX achieves a 12.10% return, which is significantly higher than GQJPX's 10.84% return.

SICNX

• 1D: 2.90%
• 1M: 1.73%
• 6M: 6.23%
• YTD: 12.10%
• 1Y: 22.57%
• 3Y*: 18.60%
• 5Y*: 10.72%
• 10Y*: 8.95%
• ALL TIME*: 5.37%

GQJPX

• 1D: 1.02%
• 1M: 5.30%
• 6M: 5.01%
• YTD: 10.84%
• 1Y: 20.48%
• 3Y*: 16.39%
• 5Y*: 9.74%
• 10Y*: —
• ALL TIME*: 9.51%

*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)
GQJPX GQG Partners International Quality Dividend Income Fund	$0.00	$0.00	$0.00
SICNX Schwab International Core Equity Fund	$0.00	$0.00	$0.00

SICNX vs. GQJPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SICNX Schwab International Core Equity Fund	12.10%	31.57%	9.04%	20.00%	-15.31%	1.65%
GQJPX GQG Partners International Quality Dividend Income Fund	10.84%	24.88%	7.39%	18.06%	-10.50%	1.05%

Correlation

The correlation between SICNX and GQJPX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.56
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.75

The correlation between SICNX and GQJPX shifts across timeframes, from 0.56 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SICNX vs. GQJPX — Risk / Return Rank

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

SICNX

SICNX Risk / Return Rank: 45
SICNX Sharpe Ratio Rank: 45
SICNX Sortino Ratio Rank: 41
SICNX Omega Ratio Rank: 48
SICNX Calmar Ratio Rank: 48
SICNX Martin Ratio Rank: 44

GQJPX

GQJPX Risk / Return Rank: 71
GQJPX Sharpe Ratio Rank: 82
GQJPX Sortino Ratio Rank: 78
GQJPX Omega Ratio Rank: 78
GQJPX Calmar Ratio Rank: 74
GQJPX Martin Ratio Rank: 41

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.

SICNX vs. GQJPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Core Equity Fund (SICNX) and GQG Partners International Quality Dividend Income Fund (GQJPX). 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.

	SICNX	GQJPX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.93	-0.70
Sortino ratio: Return per unit of downside risk	1.70	2.67	-0.98
Omega ratio: Gain probability vs. loss probability	1.24	1.35	-0.11
Calmar ratio: Return relative to maximum drawdown	1.78	2.38	-0.60
Martin ratio: Return relative to average drawdown	6.14	5.91	+0.24

SICNX vs. GQJPX - Sharpe Ratio Comparison

The current SICNX Sharpe Ratio is 1.23, which is lower than the GQJPX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of SICNX and GQJPX, 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

SICNX vs. GQJPX - Drawdown Comparison

The maximum SICNX drawdown since its inception was -55.78%, which is greater than GQJPX's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for SICNX and GQJPX.

Drawdown Indicators

	SICNX	GQJPX	Difference
Max Drawdown Largest peak-to-trough decline	-55.78%	-21.83%	-33.95%
Max Drawdown (1Y) Largest decline over 1 year	-12.21%	-8.56%	-3.65%
Max Drawdown (3Y) Largest decline over 3 years	-13.53%	-9.45%	-4.08%
Max Drawdown (5Y) Largest decline over 5 years	-29.11%	-21.83%	-7.28%
Max Drawdown (10Y) Largest decline over 10 years	-40.62%	—	—
Current Drawdown Current decline from peak	0.00%	-1.06%	+1.06%
Average Drawdown Average peak-to-trough decline	-12.11%	-5.51%	-6.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	3.43%	+0.09%

Volatility

SICNX vs. GQJPX - Volatility Comparison

Schwab International Core Equity Fund (SICNX) has a higher volatility of 5.28% compared to GQG Partners International Quality Dividend Income Fund (GQJPX) at 3.06%. This indicates that SICNX's price experiences larger fluctuations and is considered to be riskier than GQJPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SICNX	GQJPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	3.06%	+2.22%
Volatility (6M) Calculated over the trailing 6-month period	14.34%	8.65%	+5.69%
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	10.54%	+7.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.35%	12.84%	+3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	12.90%	+3.41%

SICNX vs. GQJPX - Expense Ratio Comparison

SICNX has a 0.86% expense ratio, which is lower than GQJPX's 0.91% expense ratio.

Dividends

SICNX vs. GQJPX - Dividend Comparison

SICNX has not paid dividends to shareholders, while GQJPX's dividend yield for the trailing twelve months is around 3.79%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GQJPX GQG Partners International Quality Dividend Income Fund	3.79%	3.22%	3.35%	4.50%	5.59%	1.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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 GQJPX in my portfolio?

SICNX and GQJPX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SICNX or GQJPX?

SICNX has higher volatility (5.28%) compared to GQJPX (3.06%). In terms of maximum drawdown, SICNX dropped -55.78% vs GQJPX's -21.83%.

Which has better risk-adjusted returns?

GQJPX currently has the higher Sharpe Ratio (1.93 vs 1.23), 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.