SWISX vs. AVDE

Last updated Jun 13, 2026

SWISX (Schwab International Index Fund) and AVDE (Avantis International Equity ETF) are both Foreign Large Cap Equities funds. SWISX is passively managed, while AVDE is actively managed. Over the past 5 years, SWISX returned 8.36%/yr vs 9.98%/yr for AVDE. With a 0.97 correlation, they move nearly in lockstep. SWISX charges 0.06%/yr vs 0.23%/yr for AVDE.

Performance

SWISX vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab International Index Fund (SWISX) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWISX achieves a 8.95% return, which is significantly lower than AVDE's 10.87% return.

SWISX

• 1D: 3.03%
• 1M: 0.58%
• YTD: 8.95%
• 6M: 10.44%
• 1Y: 19.74%
• 3Y*: 16.43%
• 5Y*: 8.36%
• 10Y*: 9.70%

AVDE

• 1D: 0.59%
• 1M: -0.22%
• YTD: 10.87%
• 6M: 12.42%
• 1Y: 26.32%
• 3Y*: 19.56%
• 5Y*: 9.98%
• 10Y*: —

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

SWISX vs. AVDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SWISX Schwab International Index Fund	8.95%	31.59%	3.54%	18.13%	-14.30%	11.25%	8.14%	8.12%
AVDE Avantis International Equity ETF	10.87%	38.05%	4.88%	17.18%	-13.68%	13.62%	8.26%	7.95%

Correlation

The correlation between SWISX and AVDE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.97

The correlation between SWISX and AVDE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

SWISX vs. AVDE - Sectors Allocation Comparison

Sectors	SWISX	AVDE
Financial Services	24.4%	23.8%
Industrials	20.3%	20.3%
Technology	10.7%	7.1%
Healthcare	9.2%	5.8%
Consumer Cyclical	7.7%	9.3%
Consumer Defensive	7.0%	4.6%
Basic Materials	6.1%	11.2%
Communication Services	4.6%	3.8%
Energy	4.1%	8.0%
Utilities	4.0%	4.4%
Real Estate	2.0%	1.7%

Return for Risk

SWISX vs. AVDE — Risk / Return Rank

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

SWISX

SWISX Risk / Return Rank: 35
SWISX Sharpe Ratio Rank: 34
SWISX Sortino Ratio Rank: 34
SWISX Omega Ratio Rank: 34
SWISX Calmar Ratio Rank: 35
SWISX Martin Ratio Rank: 39

AVDE

AVDE Risk / Return Rank: 58
AVDE Sharpe Ratio Rank: 60
AVDE Sortino Ratio Rank: 60
AVDE Omega Ratio Rank: 59
AVDE Calmar Ratio Rank: 52
AVDE 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.

SWISX vs. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Index Fund (SWISX) and Avantis International Equity ETF (AVDE). 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.

	SWISX	AVDE	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.76	-0.43
Sortino ratio: Return per unit of downside risk	1.92	2.47	-0.55
Omega ratio: Gain probability vs. loss probability	1.24	1.32	-0.08
Calmar ratio: Return relative to maximum drawdown	1.83	2.30	-0.47
Martin ratio: Return relative to average drawdown	6.82	9.00	-2.18

SWISX vs. AVDE - Sharpe Ratio Comparison

The current SWISX Sharpe Ratio is 1.33, which is comparable to the AVDE Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of SWISX and AVDE, 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

SWISX vs. AVDE - Drawdown Comparison

The maximum SWISX drawdown since its inception was -60.65%, which is greater than AVDE's maximum drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for SWISX and AVDE.

Drawdown Indicators

	SWISX	AVDE	Difference
Max Drawdown Largest peak-to-trough decline	-60.65%	-36.99%	-23.66%
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	-11.48%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-13.68%	-13.46%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	-29.42%	-28.73%	-0.69%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	—	—
Current Drawdown Current decline from peak	-1.01%	-1.09%	+0.08%
Average Drawdown Average peak-to-trough decline	-14.80%	-6.15%	-8.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	2.94%	+0.11%

Volatility

SWISX vs. AVDE - Volatility Comparison

Schwab International Index Fund (SWISX) and Avantis International Equity ETF (AVDE) have volatilities of 5.34% and 5.57%, 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

	SWISX	AVDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.34%	5.57%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	13.07%	12.80%	+0.27%
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	15.06%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	16.39%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.90%	18.93%	-2.03%

SWISX vs. AVDE - Expense Ratio Comparison

SWISX has a 0.06% expense ratio, which is lower than AVDE's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SWISX vs. AVDE - Dividend Comparison

SWISX's dividend yield for the trailing twelve months is around 3.26%, less than AVDE's 3.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDE Avantis International Equity ETF	3.84%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%	0.00%	0.00%	0.00%	0.00%
SWISX Schwab International Index Fund	3.26%	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

Can I hold both SWISX and AVDE in my portfolio?

With a correlation of 0.96, SWISX and AVDE 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, SWISX or AVDE?

AVDE has higher volatility (5.57%) compared to SWISX (5.34%). In terms of maximum drawdown, SWISX dropped -60.65% vs AVDE's -36.99%.

Which has better risk-adjusted returns?

AVDE currently has the higher Sharpe Ratio (1.76 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.