SWISX vs. SWMIX
SWISX (Schwab International Index Fund) and SWMIX (Schwab International Opportunities Fund) are both Foreign Large Cap Equities funds from Charles Schwab. Over the past 10 years, SWISX returned 9.55%/yr vs 7.32%/yr for SWMIX. Their 0.96 correlation means they have historically moved very closely together. SWISX charges 0.06%/yr vs 0.99%/yr for SWMIX.
Performance
SWISX vs. SWMIX - Performance Comparison
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Returns By Period
In the year-to-date period, SWISX achieves a 11.84% return, which is significantly higher than SWMIX's 10.02% return. Over the past 10 years, SWISX has outperformed SWMIX with an annualized return of 9.55%, while SWMIX has yielded a comparatively lower 7.32% annualized return.
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%
SWMIX
- 1D
- -0.30%
- 1M
- -0.90%
- 6M
- 3.44%
- YTD
- 10.02%
- 1Y
- 14.25%
- 3Y*
- 10.38%
- 5Y*
- 1.98%
- 10Y*
- 7.32%
- ALL TIME*
- 7.13%
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. SWMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWISX Schwab International Index Fund | 11.84% | 31.59% | 3.54% | 18.13% | -14.30% | 11.25% | 8.14% | 21.87% | -13.38% | 25.32% |
SWMIX Schwab International Opportunities Fund | 10.02% | 21.83% | 0.91% | 12.52% | -25.35% | 5.78% | 23.94% | 26.07% | -19.12% | 33.64% |
Correlation
The correlation between SWISX and SWMIX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2004 | 0.96 |
The correlation between SWISX and SWMIX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
SWISX vs. SWMIX — Risk / Return Rank
SWISX
SWMIX
SWISX vs. SWMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab International Index Fund (SWISX) and Schwab International Opportunities Fund (SWMIX). 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 | SWMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.15 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.09 | +1.14 |
| Martin ratioReturn relative to average drawdown | 8.45 | 3.75 | +4.70 |
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Drawdowns
SWISX vs. SWMIX - Drawdown Comparison
The maximum SWISX drawdown since its inception was -60.65%, roughly equal to the maximum SWMIX drawdown of -61.81%. Use the drawdown chart below to compare losses from any high point for SWISX and SWMIX.
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Drawdown Indicators
| SWISX | SWMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.65% | -61.81% | +1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -12.90% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -14.29% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -29.42% | -40.51% | +11.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.83% | -40.51% | +6.68% |
Current DrawdownCurrent decline from peak | -0.74% | -3.47% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -14.73% | -12.59% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.74% | -0.74% |
Volatility
SWISX vs. SWMIX - Volatility Comparison
The current volatility for Schwab International Index Fund (SWISX) is 4.64%, while Schwab International Opportunities Fund (SWMIX) has a volatility of 5.91%. This indicates that SWISX experiences smaller price fluctuations and is considered to be less risky than SWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWISX | SWMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 5.91% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 15.97% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.88% | 19.72% | -3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 18.50% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 18.21% | -1.58% |
SWISX vs. SWMIX - Expense Ratio Comparison
SWISX has a 0.06% expense ratio, which is lower than SWMIX's 0.99% expense ratio.
Dividends
SWISX vs. SWMIX - Dividend Comparison
SWISX's dividend yield for the trailing twelve months is around 3.17%, while SWMIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SWMIX Schwab International Opportunities Fund | 0.00% | 0.00% | 2.04% | 1.73% | 3.59% | 17.50% | 6.16% | 1.94% | 10.57% | 4.60% | 0.87% | 7.20% |
Frequently Asked Questions
With a correlation of 0.94, SWISX and SWMIX 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.
SWMIX has higher volatility (5.91%) compared to SWISX (4.64%). In terms of maximum drawdown, SWISX dropped -60.65% vs SWMIX's -61.81%.
SWISX currently has the higher Sharpe Ratio (1.60 vs 0.72), 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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