SWISX vs. SFNNX
SWISX (Schwab International Index Fund) and SFNNX (Schwab Fundamental International Equity Index Fund) are both Foreign Large Cap Equities funds from Charles Schwab - SWISX tracks the MSCI EAFE Index (Net) while SFNNX tracks the RAFI Fundamental High Liquidity Developed ex US Large Index (Net). Both are passively managed. Over the past 10 years, SWISX returned 9.58%/yr vs 11.77%/yr for SFNNX. Their 0.97 correlation means they have historically moved very closely together. SWISX charges 0.06%/yr vs 0.25%/yr for SFNNX.
Performance
SWISX vs. SFNNX - Performance Comparison
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Returns By Period
In the year-to-date period, SWISX achieves a 12.67% return, which is significantly lower than SFNNX's 20.52% return. Over the past 10 years, SWISX has underperformed SFNNX with an annualized return of 9.58%, while SFNNX has yielded a comparatively higher 11.77% annualized return.
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%
SFNNX
- 1D
- 2.95%
- 1M
- 3.46%
- 6M
- 12.42%
- YTD
- 20.52%
- 1Y
- 41.01%
- 3Y*
- 21.52%
- 5Y*
- 14.23%
- 10Y*
- 11.77%
- ALL TIME*
- 5.93%
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. SFNNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SFNNX Schwab Fundamental International Equity Index Fund | 20.52% | 41.06% | 2.27% | 19.88% | -7.95% | 14.38% | 4.35% | 18.09% | -13.96% | 23.95% |
Correlation
The correlation between SWISX and SFNNX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.97 |
The correlation between SWISX and SFNNX has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.
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Return for Risk
SWISX vs. SFNNX — Risk / Return Rank
SWISX
SFNNX
SWISX vs. SFNNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab International Index Fund (SWISX) and Schwab Fundamental International Equity Index Fund (SFNNX). 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 | SFNNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.46 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 3.74 | -1.55 |
| Martin ratioReturn relative to average drawdown | 8.31 | 12.87 | -4.56 |
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Drawdowns
SWISX vs. SFNNX - Drawdown Comparison
The maximum SWISX drawdown since its inception was -60.65%, roughly equal to the maximum SFNNX drawdown of -59.60%. Use the drawdown chart below to compare losses from any high point for SWISX and SFNNX.
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Drawdown Indicators
| SWISX | SFNNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.65% | -59.60% | -1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -10.63% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -13.78% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -29.42% | -25.66% | -3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.83% | -40.23% | +6.40% |
Current DrawdownCurrent decline from peak | 0.00% | -0.83% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -14.73% | -11.89% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.08% | -0.08% |
Volatility
SWISX vs. SFNNX - Volatility Comparison
The current volatility for Schwab International Index Fund (SWISX) is 4.74%, while Schwab Fundamental International Equity Index Fund (SFNNX) has a volatility of 5.08%. This indicates that SWISX experiences smaller price fluctuations and is considered to be less risky than SFNNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWISX | SFNNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 5.08% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 13.54% | 13.58% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 15.68% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 15.76% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 17.07% | -0.44% |
SWISX vs. SFNNX - Expense Ratio Comparison
SWISX has a 0.06% expense ratio, which is lower than SFNNX's 0.25% 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. SFNNX - Dividend Comparison
SWISX's dividend yield for the trailing twelve months is around 3.15%, less than SFNNX's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFNNX Schwab Fundamental International Equity Index Fund | 4.24% | 5.11% | 3.61% | 3.26% | 2.92% | 3.81% | 2.42% | 3.69% | 3.51% | 2.70% | 3.21% | 2.92% |
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 0.92, SWISX and SFNNX 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.
SFNNX has higher volatility (5.08%) compared to SWISX (4.74%). In terms of maximum drawdown, SWISX dropped -60.65% vs SFNNX's -59.60%.
SFNNX currently has the higher Sharpe Ratio (2.54 vs 1.57), 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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