SICNX vs. SWISX
SICNX (Schwab International Core Equity Fund) and SWISX (Schwab International Index Fund) are both Foreign Large Cap Equities funds from Charles Schwab. Over the past 10 years, SICNX returned 8.95%/yr vs 9.58%/yr for SWISX. Their 0.98 correlation means they have historically moved very closely together. SICNX charges 0.86%/yr vs 0.06%/yr for SWISX.
Performance
SICNX vs. SWISX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SICNX having a 12.10% return and SWISX slightly higher at 12.67%. Over the past 10 years, SICNX has underperformed SWISX with an annualized return of 8.95%, while SWISX has yielded a comparatively higher 9.58% annualized 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%
SWISX
- 1D
- 2.76%
- 1M
- 2.05%
- 6M
- 7.22%
- YTD
- 12.67%
- 1Y
- 26.17%
- 3Y*
- 16.36%
- 5Y*
- 9.49%
- 10Y*
- 9.58%
- ALL TIME*
- 5.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SICNX vs. SWISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SICNX Schwab International Core Equity Fund | 12.10% | 31.57% | 9.04% | 20.00% | -15.31% | 11.01% | 4.64% | 19.16% | -18.30% | 25.48% |
SWISX Schwab International Index Fund | 12.67% | 31.59% | 3.54% | 18.13% | -14.30% | 11.25% | 8.14% | 21.87% | -13.38% | 25.32% |
Correlation
The correlation between SICNX and SWISX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 30, 2008 | 0.98 |
The correlation between SICNX and SWISX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
SICNX vs. SWISX — Risk / Return Rank
SICNX
SWISX
SICNX vs. SWISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab International Core Equity Fund (SICNX) and Schwab International Index Fund (SWISX). 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 | SWISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.19 | -0.41 |
| Martin ratioReturn relative to average drawdown | 6.14 | 8.31 | -2.16 |
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Drawdowns
SICNX vs. SWISX - Drawdown Comparison
The maximum SICNX drawdown since its inception was -55.78%, smaller than the maximum SWISX drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for SICNX and SWISX.
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Drawdown Indicators
| SICNX | SWISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.78% | -60.65% | +4.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -11.39% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -13.53% | -13.68% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -29.42% | +0.31% |
Max Drawdown (10Y)Largest decline over 10 years | -40.62% | -33.83% | -6.79% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -14.73% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 3.00% | +0.52% |
Volatility
SICNX vs. SWISX - Volatility Comparison
Schwab International Core Equity Fund (SICNX) has a higher volatility of 5.28% compared to Schwab International Index Fund (SWISX) at 4.74%. This indicates that SICNX's price experiences larger fluctuations and is considered to be riskier than SWISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SICNX | SWISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 4.74% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 14.34% | 13.54% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 15.90% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 16.43% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.31% | 16.63% | -0.32% |
SICNX vs. SWISX - Expense Ratio Comparison
SICNX has a 0.86% expense ratio, which is higher than SWISX's 0.06% expense ratio.
Dividends
SICNX vs. SWISX - Dividend Comparison
SICNX has not paid dividends to shareholders, while SWISX's dividend yield for the trailing twelve months is around 3.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SWISX Schwab International Index Fund | 3.15% | 3.55% | 3.29% | 3.31% | 2.73% | 3.34% | 1.88% | 3.09% | 3.15% | 2.71% | 3.19% | 2.71% |
Frequently Asked Questions
With a correlation of 0.97, SICNX and SWISX 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.
SICNX has higher volatility (5.28%) compared to SWISX (4.74%). In terms of maximum drawdown, SICNX dropped -55.78% vs SWISX's -60.65%.
SWISX currently has the higher Sharpe Ratio (1.57 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.
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