SICNX vs. SFLNX

Last updated Jun 24, 2026

SICNX (Schwab International Core Equity Fund) and SFLNX (Schwab Fundamental US Large Company Index Fund) are both mutual funds - SICNX is a Foreign Large Cap Equities fund managed by Charles Schwab, while SFLNX is a Large Cap Value Equities fund tracking the Russell RAFI US Large Company Index. Over the past 10 years, SICNX returned 9.73%/yr vs 14.51%/yr for SFLNX. A 0.78 correlation means they provide meaningful diversification when combined. SICNX charges 0.86%/yr vs 0.25%/yr for SFLNX.

Performance

SICNX vs. SFLNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab International Core Equity Fund (SICNX) and Schwab Fundamental US Large Company Index Fund (SFLNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SICNX achieves a 11.97% return, which is significantly lower than SFLNX's 14.75% return. Over the past 10 years, SICNX has underperformed SFLNX with an annualized return of 9.73%, while SFLNX has yielded a comparatively higher 14.51% annualized return.

SICNX

• 1D: 0.18%
• 1M: 2.65%
• YTD: 11.97%
• 6M: 11.67%
• 1Y: 24.76%
• 3Y*: 20.25%
• 5Y*: 10.81%
• 10Y*: 9.73%

SFLNX

• 1D: 0.16%
• 1M: 0.96%
• YTD: 14.75%
• 6M: 14.18%
• 1Y: 30.90%
• 3Y*: 20.51%
• 5Y*: 13.50%
• 10Y*: 14.51%

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

SICNX vs. SFLNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SICNX Schwab International Core Equity Fund	11.97%	31.57%	9.04%	20.00%	-15.31%	11.01%	4.64%	19.16%	-18.30%	25.48%
SFLNX Schwab Fundamental US Large Company Index Fund	14.75%	17.02%	16.78%	18.16%	-6.89%	31.64%	9.12%	28.91%	-7.43%	17.08%

Correlation

The correlation between SICNX and SFLNX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since May 30, 2008	0.78

The correlation between SICNX and SFLNX has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.

Return for Risk

SICNX vs. SFLNX — Risk / Return Rank

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

SICNX

SICNX Risk / Return Rank: 33
SICNX Sharpe Ratio Rank: 32
SICNX Sortino Ratio Rank: 27
SICNX Omega Ratio Rank: 34
SICNX Calmar Ratio Rank: 35
SICNX Martin Ratio Rank: 35

SFLNX

SFLNX Risk / Return Rank: 92
SFLNX Sharpe Ratio Rank: 94
SFLNX Sortino Ratio Rank: 91
SFLNX Omega Ratio Rank: 86
SFLNX Calmar Ratio Rank: 95
SFLNX Martin Ratio Rank: 95

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. SFLNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Core Equity Fund (SICNX) and Schwab Fundamental US Large Company Index Fund (SFLNX). 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	SFLNX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	3.00	-1.50
Sortino ratio: Return per unit of downside risk	2.02	4.14	-2.12
Omega ratio: Gain probability vs. loss probability	1.29	1.55	-0.26
Calmar ratio: Return relative to maximum drawdown	2.11	5.23	-3.11
Martin ratio: Return relative to average drawdown	7.34	20.28	-12.94

SICNX vs. SFLNX - Sharpe Ratio Comparison

The current SICNX Sharpe Ratio is 1.50, which is lower than the SFLNX Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of SICNX and SFLNX, 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. SFLNX - Drawdown Comparison

The maximum SICNX drawdown since its inception was -55.78%, roughly equal to the maximum SFLNX drawdown of -56.18%. Use the drawdown chart below to compare losses from any high point for SICNX and SFLNX.

Drawdown Indicators

	SICNX	SFLNX	Difference
Max Drawdown Largest peak-to-trough decline	-55.78%	-56.18%	+0.40%
Max Drawdown (1Y) Largest decline over 1 year	-12.21%	-6.10%	-6.11%
Max Drawdown (3Y) Largest decline over 3 years	-13.53%	-16.27%	+2.74%
Max Drawdown (5Y) Largest decline over 5 years	-29.11%	-18.98%	-10.13%
Max Drawdown (10Y) Largest decline over 10 years	-40.62%	-37.59%	-3.03%
Current Drawdown Current decline from peak	0.00%	-1.02%	+1.02%
Average Drawdown Average peak-to-trough decline	-12.17%	-6.00%	-6.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	1.57%	+1.93%

Volatility

SICNX vs. SFLNX - Volatility Comparison

Schwab International Core Equity Fund (SICNX) has a higher volatility of 5.40% compared to Schwab Fundamental US Large Company Index Fund (SFLNX) at 3.37%. This indicates that SICNX's price experiences larger fluctuations and is considered to be riskier than SFLNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SICNX	SFLNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.40%	3.37%	+2.03%
Volatility (6M) Calculated over the trailing 6-month period	13.53%	7.79%	+5.74%
Volatility (1Y) Calculated over the trailing 1-year period	17.19%	10.64%	+6.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.25%	15.26%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.49%	18.42%	-1.93%

SICNX vs. SFLNX - Expense Ratio Comparison

SICNX has a 0.86% expense ratio, which is higher than SFLNX's 0.25% expense ratio.

Dividends

SICNX vs. SFLNX - Dividend Comparison

SICNX has not paid dividends to shareholders, while SFLNX's dividend yield for the trailing twelve months is around 1.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SFLNX Schwab Fundamental US Large Company Index Fund	1.46%	1.68%	1.78%	1.86%	2.09%	4.78%	6.17%	5.33%	9.69%	3.28%	7.23%	5.68%
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 SFLNX in my portfolio?

SICNX and SFLNX have a correlation of 0.72, 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 SFLNX?

SICNX has higher volatility (5.40%) compared to SFLNX (3.37%). In terms of maximum drawdown, SICNX dropped -55.78% vs SFLNX's -56.18%.

Which has better risk-adjusted returns?

SFLNX currently has the higher Sharpe Ratio (3.00 vs 1.50), 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.