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SWISX vs. SCHD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWISX vs. SCHD

Last updated Jun 4, 2026

SWISX (Schwab International Index Fund) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - SWISX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net), while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, SWISX returned 9.33%/yr vs 12.77%/yr for SCHD. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.06% expense ratio.

Performance

SWISX vs. SCHD - Performance Comparison

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

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Returns By Period

In the year-to-date period, SWISX achieves a 9.54% return, which is significantly lower than SCHD's 19.01% return. Over the past 10 years, SWISX has underperformed SCHD with an annualized return of 9.33%, while SCHD has yielded a comparatively higher 12.77% annualized return.

SWISX

1D
0.35%
1M
4.10%
YTD
9.54%
6M
11.96%
1Y
22.29%
3Y*
17.02%
5Y*
8.74%
10Y*
9.33%

SCHD

1D
0.00%
1M
2.70%
YTD
19.01%
6M
18.63%
1Y
27.16%
3Y*
15.09%
5Y*
8.36%
10Y*
12.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWISX vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWISX
Schwab International Index Fund		9.54%31.59%3.54%18.13%-14.30%11.25%8.14%21.87%-13.38%25.32%
SCHD
Schwab U.S. Dividend Equity ETF		19.01%4.34%11.66%4.54%-3.26%29.87%15.03%27.29%-5.56%20.85%

Correlation

The correlation between SWISX and SCHD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.54

Correlation (5Y)
Calculated over the trailing 5-year period

0.65

Correlation (10Y)
Calculated over the trailing 10-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2011

0.71

Over the past year, the correlation between SWISX and SCHD has dropped to 0.46 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

SWISX vs. SCHD - Sectors Allocation Comparison

Sectors
SWISX
SCHD

Financial Services

24.4%
9.3%

Industrials

20.3%
7.5%

Technology

10.7%
16.4%

Healthcare

9.2%
18.8%

Consumer Cyclical

7.7%
6.3%

Consumer Defensive

7.0%
19.2%

Basic Materials

6.1%
1.2%

Communication Services

4.6%
6.3%

Energy

4.1%
16.2%

Utilities

4.0%
0.0%

Real Estate

2.0%

-

Financial Services

SWISX
24.4%
SCHD
9.3%

Industrials

SWISX
20.3%
SCHD
7.5%

Technology

SWISX
10.7%
SCHD
16.4%

Healthcare

SWISX
9.2%
SCHD
18.8%

Consumer Cyclical

SWISX
7.7%
SCHD
6.3%

Consumer Defensive

SWISX
7.0%
SCHD
19.2%

Basic Materials

SWISX
6.1%
SCHD
1.2%

Communication Services

SWISX
4.6%
SCHD
6.3%

Energy

SWISX
4.1%
SCHD
16.2%

Utilities

SWISX
4.0%
SCHD
0.0%

Real Estate

SWISX
2.0%
SCHD

-

Compare stocks, funds, or ETFs

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Schwab International Index Fund

Schwab U.S. Dividend Equity ETF

Often compared with SWISX:
SWISX vs. SCHFSWISX vs. VXUSSWISX vs. SWTSXSWISX vs. VTIAXSWISX vs. SFNNXSWISX vs. FTIHXSWISX vs. SWPPX
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

SWISX vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWISX
SWISX Risk / Return Rank: 2626
Overall Rank
SWISX Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
SWISX Sortino Ratio Rank: 2424
Sortino Ratio Rank
SWISX Omega Ratio Rank: 2424
Omega Ratio Rank
SWISX Calmar Ratio Rank: 2525
Calmar Ratio Rank
SWISX Martin Ratio Rank: 3030
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 8080
Overall Rank
SCHD Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8484
Sortino Ratio Rank
SCHD Omega Ratio Rank: 7373
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9191
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7575
Martin Ratio Rank
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. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Index Fund (SWISX) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

SWISXSCHDDifference
Sharpe ratioReturn per unit of total volatility
1.41
2.49

-1.08

Sortino ratioReturn per unit of downside risk
2.03
3.87

-1.83

Omega ratioGain probability vs. loss probability

1.26

1.45

-0.19

Calmar ratioReturn relative to maximum drawdown

1.88

5.91

-4.03

Martin ratioReturn relative to average drawdown

7.06

14.53

-7.47

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWISX vs. SCHD - Sharpe Ratio Comparison

The current SWISX Sharpe Ratio is 1.41, which is lower than the SCHD Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of SWISX and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SWISXSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.41

2.49

-1.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.54

0.58

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.77

-0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.86

-0.56

Drawdowns

SWISX vs. SCHD - Drawdown Comparison

The maximum SWISX drawdown since its inception was -60.65%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SWISX and SCHD.

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Drawdown Indicators

SWISXSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-60.65%

-33.37%

-27.28%

Max Drawdown (1Y)

Largest decline over 1 year

-11.39%

-4.61%

-6.78%

Max Drawdown (3Y)

Largest decline over 3 years

-13.68%

-16.13%

+2.45%

Max Drawdown (5Y)

Largest decline over 5 years

-29.42%

-16.85%

-12.57%

Max Drawdown (10Y)

Largest decline over 10 years

-33.83%

-33.37%

-0.46%

Current Drawdown

Current decline from peak

-0.47%

-1.40%

+0.93%

Average Drawdown

Average peak-to-trough decline

-14.81%

-3.32%

-11.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

1.88%

+1.15%

Volatility

SWISX vs. SCHD - Volatility Comparison

Schwab International Index Fund (SWISX) has a higher volatility of 4.69% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.66%. This indicates that SWISX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SWISXSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.69%

2.66%

+2.03%

Volatility (6M)

Calculated over the trailing 6-month period

12.35%

7.66%

+4.69%

Volatility (1Y)

Calculated over the trailing 1-year period

15.18%

10.96%

+4.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.28%

14.38%

+1.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.88%

16.72%

+0.16%

SWISX vs. SCHD - Expense Ratio Comparison

Both SWISX and SCHD 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. SCHD - Dividend Comparison

SWISX's dividend yield for the trailing twelve months is around 3.24%, which matches SCHD's 3.26% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHD
Schwab U.S. Dividend Equity ETF		3.26%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%
SWISX
Schwab International Index Fund		3.24%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

SWISX and SCHD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SWISX has higher volatility (4.69%) compared to SCHD (2.66%). In terms of maximum drawdown, SWISX dropped -60.65% vs SCHD's -33.37%.

SCHD currently has the higher Sharpe Ratio (2.49 vs 1.41), 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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