SWISX vs. FTIHX

Last updated Jun 23, 2026

SWISX (Schwab International Index Fund) and FTIHX (Fidelity Total International Index Fund) are both Foreign Large Cap Equities funds - SWISX tracks the MSCI EAFE Index (Net) while FTIHX tracks the MSCI ACWI (All Country World Index) ex USA Investable Market Index. Both are passively managed. Over the past 10 years, SWISX returned 9.58%/yr vs 9.72%/yr for FTIHX. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.06% expense ratio.

Performance

SWISX vs. FTIHX - Performance Comparison

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

Returns By Period

In the year-to-date period, SWISX achieves a 10.58% return, which is significantly lower than FTIHX's 15.59% return. Both investments have delivered pretty close results over the past 10 years, with SWISX having a 9.58% annualized return and FTIHX not far ahead at 9.72%.

SWISX

• 1D: 0.83%
• 1M: 1.99%
• YTD: 10.58%
• 6M: 10.97%
• 1Y: 25.29%
• 3Y*: 16.19%
• 5Y*: 9.33%
• 10Y*: 9.58%

FTIHX

• 1D: 1.37%
• 1M: 3.09%
• YTD: 15.59%
• 6M: 16.40%
• 1Y: 33.74%
• 3Y*: 18.58%
• 5Y*: 9.19%
• 10Y*: 9.72%

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

SWISX vs. FTIHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWISX Schwab International Index Fund	10.58%	31.59%	3.54%	18.13%	-14.30%	11.25%	8.14%	21.87%	-13.38%	25.32%
FTIHX Fidelity Total International Index Fund	15.59%	32.59%	4.98%	15.49%	-16.29%	8.45%	11.09%	21.50%	-14.40%	25.88%

Correlation

The correlation between SWISX and FTIHX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 16, 2016	0.95

The correlation between SWISX and FTIHX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

SWISX vs. FTIHX — 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: 33
SWISX Omega Ratio Rank: 33
SWISX Calmar Ratio Rank: 36
SWISX Martin Ratio Rank: 39

FTIHX

FTIHX Risk / Return Rank: 62
FTIHX Sharpe Ratio Rank: 64
FTIHX Sortino Ratio Rank: 58
FTIHX Omega Ratio Rank: 63
FTIHX Calmar Ratio Rank: 63
FTIHX Martin Ratio Rank: 61

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. FTIHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Index Fund (SWISX) and Fidelity Total International Index Fund (FTIHX). 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	FTIHX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.16	-0.59
Sortino ratio: Return per unit of downside risk	2.23	2.91	-0.68
Omega ratio: Gain probability vs. loss probability	1.28	1.40	-0.12
Calmar ratio: Return relative to maximum drawdown	2.14	2.92	-0.78
Martin ratio: Return relative to average drawdown	8.03	11.31	-3.29

SWISX vs. FTIHX - Sharpe Ratio Comparison

The current SWISX Sharpe Ratio is 1.56, which is comparable to the FTIHX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of SWISX and FTIHX, 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. FTIHX - Drawdown Comparison

The maximum SWISX drawdown since its inception was -60.65%, which is greater than FTIHX's maximum drawdown of -35.75%. Use the drawdown chart below to compare losses from any high point for SWISX and FTIHX.

Drawdown Indicators

	SWISX	FTIHX	Difference
Max Drawdown Largest peak-to-trough decline	-60.65%	-35.75%	-24.90%
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	-11.25%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-13.68%	-13.15%	-0.53%
Max Drawdown (5Y) Largest decline over 5 years	-29.42%	-29.99%	+0.57%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	-35.75%	+1.92%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-14.79%	-7.19%	-7.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	2.90%	+0.14%

Volatility

SWISX vs. FTIHX - Volatility Comparison

The current volatility for Schwab International Index Fund (SWISX) is 5.02%, while Fidelity Total International Index Fund (FTIHX) has a volatility of 6.33%. This indicates that SWISX experiences smaller price fluctuations and is considered to be less risky than FTIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWISX	FTIHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	6.33%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	13.02%	13.24%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	15.62%	15.25%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	15.46%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	16.12%	+0.76%

SWISX vs. FTIHX - Expense Ratio Comparison

Both SWISX and FTIHX have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SWISX vs. FTIHX - Dividend Comparison

SWISX's dividend yield for the trailing twelve months is around 3.21%, more than FTIHX's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTIHX Fidelity Total International Index Fund	2.41%	2.78%	2.88%	2.78%	2.51%	2.55%	1.62%	2.61%	2.21%	0.45%	0.47%	0.00%
SWISX Schwab International Index Fund	3.21%	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 FTIHX in my portfolio?

With a correlation of 0.95, SWISX and FTIHX 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 FTIHX?

FTIHX has higher volatility (6.33%) compared to SWISX (5.02%). In terms of maximum drawdown, SWISX dropped -60.65% vs FTIHX's -35.75%.

Which has better risk-adjusted returns?

FTIHX currently has the higher Sharpe Ratio (2.15 vs 1.56), 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.