SWISX vs. VIHAX

Last updated Jun 24, 2026

SWISX (Schwab International Index Fund) and VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) are both mutual funds - SWISX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net), while VIHAX is a Large Cap Value Equities fund managed by Vanguard. Over the past 10 years, SWISX returned 10.17%/yr vs 11.49%/yr for VIHAX. Their correlation of 0.95 suggests significant overlap in exposure. SWISX charges 0.06%/yr vs 0.22%/yr for VIHAX.

Performance

SWISX vs. VIHAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab International Index Fund (SWISX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWISX achieves a 10.79% return, which is significantly lower than VIHAX's 12.73% return. Over the past 10 years, SWISX has underperformed VIHAX with an annualized return of 10.17%, while VIHAX has yielded a comparatively higher 11.49% annualized return.

SWISX

• 1D: 0.19%
• 1M: 2.18%
• YTD: 10.79%
• 6M: 10.26%
• 1Y: 24.58%
• 3Y*: 17.53%
• 5Y*: 9.24%
• 10Y*: 10.17%

VIHAX

• 1D: 0.02%
• 1M: 0.80%
• YTD: 12.73%
• 6M: 12.44%
• 1Y: 32.05%
• 3Y*: 22.24%
• 5Y*: 12.86%
• 10Y*: 11.49%

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

SWISX vs. VIHAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWISX Schwab International Index Fund	10.79%	31.59%	3.54%	18.13%	-14.30%	11.25%	8.14%	21.87%	-13.38%	25.32%
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares	12.73%	38.01%	6.96%	16.81%	-6.88%	15.01%	-0.73%	20.03%	-12.38%	22.40%

Correlation

The correlation between SWISX and VIHAX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016	0.95

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

SWISX vs. VIHAX - Sectors Allocation Comparison

Sectors	SWISX	VIHAX
Financial Services	24.1%	41.9%
Industrials	19.8%	6.6%
Technology	12.0%	4.3%
Healthcare	9.0%	6.6%
Consumer Cyclical	7.8%	6.5%
Consumer Defensive	6.7%	7.0%
Basic Materials	6.4%	6.8%
Communication Services	4.9%	4.0%
Utilities	3.8%	5.6%
Energy	3.8%	9.5%
Real Estate	1.8%	1.3%

Return for Risk

SWISX vs. VIHAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SWISX

SWISX Risk / Return Rank: 38
SWISX Sharpe Ratio Rank: 38
SWISX Sortino Ratio Rank: 36
SWISX Omega Ratio Rank: 36
SWISX Calmar Ratio Rank: 39
SWISX Martin Ratio Rank: 42

VIHAX

VIHAX Risk / Return Rank: 82
VIHAX Sharpe Ratio Rank: 89
VIHAX Sortino Ratio Rank: 84
VIHAX Omega Ratio Rank: 82
VIHAX Calmar Ratio Rank: 80
VIHAX Martin Ratio Rank: 74

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. VIHAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Index Fund (SWISX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX). 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	VIHAX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.71	-1.07
Sortino ratio: Return per unit of downside risk	2.33	3.70	-1.37
Omega ratio: Gain probability vs. loss probability	1.30	1.50	-0.20
Calmar ratio: Return relative to maximum drawdown	2.25	3.44	-1.19
Martin ratio: Return relative to average drawdown	8.43	13.11	-4.67

SWISX vs. VIHAX - Sharpe Ratio Comparison

The current SWISX Sharpe Ratio is 1.64, which is lower than the VIHAX Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of SWISX and VIHAX, 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. VIHAX - Drawdown Comparison

The maximum SWISX drawdown since its inception was -60.65%, which is greater than VIHAX's maximum drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for SWISX and VIHAX.

Drawdown Indicators

	SWISX	VIHAX	Difference
Max Drawdown Largest peak-to-trough decline	-60.65%	-38.80%	-21.85%
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	-9.53%	-1.86%
Max Drawdown (3Y) Largest decline over 3 years	-13.68%	-12.29%	-1.39%
Max Drawdown (5Y) Largest decline over 5 years	-29.42%	-23.92%	-5.50%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	-38.80%	+4.97%
Current Drawdown Current decline from peak	0.00%	-0.84%	+0.84%
Average Drawdown Average peak-to-trough decline	-14.78%	-5.99%	-8.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	2.50%	+0.54%

Volatility

SWISX vs. VIHAX - Volatility Comparison

Schwab International Index Fund (SWISX) has a higher volatility of 4.84% compared to Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) at 3.43%. This indicates that SWISX's price experiences larger fluctuations and is considered to be riskier than VIHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWISX	VIHAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.84%	3.43%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	12.98%	9.98%	+3.00%
Volatility (1Y) Calculated over the trailing 1-year period	15.63%	12.11%	+3.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	13.77%	+2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.86%	15.84%	+1.02%

SWISX vs. VIHAX - Expense Ratio Comparison

SWISX has a 0.06% expense ratio, which is lower than VIHAX's 0.22% 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. VIHAX - Dividend Comparison

SWISX's dividend yield for the trailing twelve months is around 3.20%, less than VIHAX's 3.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWISX Schwab International Index Fund	3.20%	3.55%	3.29%	3.31%	2.73%	3.34%	1.88%	3.09%	3.15%	2.71%	3.19%	2.71%
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares	3.59%	3.69%	4.85%	4.58%	4.70%	4.30%	3.22%	5.63%	4.28%	3.16%	2.37%	0.00%

Frequently Asked Questions

Can I hold both SWISX and VIHAX in my portfolio?

With a correlation of 0.93, SWISX and VIHAX 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 VIHAX?

SWISX has higher volatility (4.84%) compared to VIHAX (3.43%). In terms of maximum drawdown, SWISX dropped -60.65% vs VIHAX's -38.80%.

Which has better risk-adjusted returns?

VIHAX currently has the higher Sharpe Ratio (2.71 vs 1.64), 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.