SWISX vs. FHLFX
SWISX (Schwab International Index Fund) and FHLFX (Fidelity Series International Index Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, SWISX returned 9.33%/yr vs 9.45%/yr for FHLFX. Their 0.98 correlation means they have historically moved very closely together. SWISX charges 0.06%/yr vs 0.01%/yr for FHLFX.
Performance
SWISX vs. FHLFX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SWISX having a 11.84% return and FHLFX slightly lower at 11.78%.
SWISX
- 1D
- -0.74%
- 1M
- 1.29%
- 6M
- 5.73%
- YTD
- 11.84%
- 1Y
- 25.23%
- 3Y*
- 16.47%
- 5Y*
- 9.33%
- 10Y*
- 9.55%
- ALL TIME*
- 5.87%
FHLFX
- 1D
- -0.71%
- 1M
- 1.26%
- 6M
- 5.76%
- YTD
- 11.78%
- 1Y
- 25.30%
- 3Y*
- 16.61%
- 5Y*
- 9.45%
- 10Y*
- —
- ALL TIME*
- 9.34%
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 |
SWISX vs. FHLFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SWISX Schwab International Index Fund | 11.84% | 31.59% | 3.54% | 18.13% | -14.30% | 11.25% | 8.14% | 21.87% | -11.60% |
FHLFX Fidelity Series International Index Fund | 11.78% | 31.96% | 3.67% | 18.16% | -14.17% | 11.23% | 8.09% | 21.66% | -10.70% |
Correlation
The correlation between SWISX and FHLFX is 1.00 - 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. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018 | 0.98 |
The correlation between SWISX and FHLFX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
SWISX vs. FHLFX — Risk / Return Rank
SWISX
FHLFX
SWISX vs. FHLFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab International Index Fund (SWISX) and Fidelity Series International Index Fund (FHLFX). 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 | FHLFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.23 | -0.01 |
| Martin ratioReturn relative to average drawdown | 8.45 | 8.46 | -0.02 |
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Drawdowns
SWISX vs. FHLFX - Drawdown Comparison
The maximum SWISX drawdown since its inception was -60.65%, which is greater than FHLFX's maximum drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for SWISX and FHLFX.
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Drawdown Indicators
| SWISX | FHLFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.65% | -33.58% | -27.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -11.37% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -13.62% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -29.42% | -29.36% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -33.83% | — | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.71% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -14.73% | -6.01% | -8.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.00% | 0.00% |
Volatility
SWISX vs. FHLFX - Volatility Comparison
Schwab International Index Fund (SWISX) and Fidelity Series International Index Fund (FHLFX) have volatilities of 4.64% and 4.47%, 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.
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Volatility by Period
| SWISX | FHLFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 4.47% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 13.25% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.88% | 15.52% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 16.11% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 17.62% | -0.99% |
SWISX vs. FHLFX - Expense Ratio Comparison
SWISX has a 0.06% expense ratio, which is higher than FHLFX's 0.01% expense ratio. However, 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. FHLFX - Dividend Comparison
SWISX's dividend yield for the trailing twelve months is around 3.17%, more than FHLFX's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHLFX Fidelity Series International Index Fund | 3.10% | 3.46% | 2.98% | 2.86% | 2.60% | 2.47% | 1.92% | 1.95% | 0.62% | 0.00% | 0.00% | 0.00% |
SWISX Schwab International Index Fund | 3.17% | 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 1.00, SWISX and FHLFX 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.
SWISX has higher volatility (4.64%) compared to FHLFX (4.47%). In terms of maximum drawdown, SWISX dropped -60.65% vs FHLFX's -33.58%.
FHLFX currently has the higher Sharpe Ratio (1.64 vs 1.60), 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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