SWMIX vs. FIGFX

Last updated Jun 25, 2026

SWMIX (Schwab International Opportunities Fund) and FIGFX (Fidelity International Growth Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, SWMIX returned 8.04%/yr vs 10.11%/yr for FIGFX. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.99% expense ratio.

Performance

SWMIX vs. FIGFX - Performance Comparison

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

Returns By Period

In the year-to-date period, SWMIX achieves a 10.19% return, which is significantly higher than FIGFX's 8.97% return. Over the past 10 years, SWMIX has underperformed FIGFX with an annualized return of 8.04%, while FIGFX has yielded a comparatively higher 10.11% annualized return.

SWMIX

• 1D: -3.32%
• 1M: -0.34%
• YTD: 10.19%
• 6M: 9.78%
• 1Y: 13.78%
• 3Y*: 11.91%
• 5Y*: 2.09%
• 10Y*: 8.04%

FIGFX

• 1D: -3.51%
• 1M: 2.99%
• YTD: 8.97%
• 6M: 8.36%
• 1Y: 15.93%
• 3Y*: 13.29%
• 5Y*: 5.53%
• 10Y*: 10.11%

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

SWMIX vs. FIGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWMIX Schwab International Opportunities Fund	10.19%	21.83%	0.91%	12.52%	-25.35%	5.78%	23.94%	26.07%	-19.12%	33.64%
FIGFX Fidelity International Growth Fund	8.97%	17.91%	4.90%	20.89%	-23.19%	15.42%	16.95%	33.97%	-11.52%	28.83%

Correlation

The correlation between SWMIX and FIGFX 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	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Nov 2, 2007	0.94

The correlation between SWMIX and FIGFX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

SWMIX vs. FIGFX — Risk / Return Rank

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

SWMIX

SWMIX Risk / Return Rank: 14
SWMIX Sharpe Ratio Rank: 11
SWMIX Sortino Ratio Rank: 10
SWMIX Omega Ratio Rank: 13
SWMIX Calmar Ratio Rank: 15
SWMIX Martin Ratio Rank: 19

FIGFX

FIGFX Risk / Return Rank: 15
FIGFX Sharpe Ratio Rank: 12
FIGFX Sortino Ratio Rank: 14
FIGFX Omega Ratio Rank: 13
FIGFX Calmar Ratio Rank: 15
FIGFX Martin Ratio Rank: 20

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.

SWMIX vs. FIGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Opportunities Fund (SWMIX) and Fidelity International Growth Fund (FIGFX). 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.

	SWMIX	FIGFX	Difference
Sharpe ratio: Return per unit of total volatility	0.82	0.89	-0.07
Sortino ratio: Return per unit of downside risk	1.15	1.38	-0.23
Omega ratio: Gain probability vs. loss probability	1.17	1.17	0.00
Calmar ratio: Return relative to maximum drawdown	1.22	1.25	-0.04
Martin ratio: Return relative to average drawdown	4.35	4.58	-0.23

SWMIX vs. FIGFX - Sharpe Ratio Comparison

The current SWMIX Sharpe Ratio is 0.82, which is comparable to the FIGFX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of SWMIX and FIGFX, 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

SWMIX vs. FIGFX - Drawdown Comparison

The maximum SWMIX drawdown since its inception was -61.81%, which is greater than FIGFX's maximum drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for SWMIX and FIGFX.

Drawdown Indicators

	SWMIX	FIGFX	Difference
Max Drawdown Largest peak-to-trough decline	-61.81%	-55.97%	-5.84%
Max Drawdown (1Y) Largest decline over 1 year	-12.90%	-13.95%	+1.05%
Max Drawdown (3Y) Largest decline over 3 years	-16.56%	-16.51%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	-40.51%	-34.91%	-5.60%
Max Drawdown (10Y) Largest decline over 10 years	-40.51%	-34.91%	-5.60%
Current Drawdown Current decline from peak	-3.32%	-3.51%	+0.19%
Average Drawdown Average peak-to-trough decline	-12.63%	-10.37%	-2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	3.81%	-0.22%

Volatility

SWMIX vs. FIGFX - Volatility Comparison

Schwab International Opportunities Fund (SWMIX) and Fidelity International Growth Fund (FIGFX) have volatilities of 7.77% and 8.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWMIX	FIGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	8.15%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	15.27%	17.33%	-2.06%
Volatility (1Y) Calculated over the trailing 1-year period	19.16%	19.63%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.41%	18.37%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	17.82%	+0.41%

SWMIX vs. FIGFX - Expense Ratio Comparison

Both SWMIX and FIGFX have an expense ratio of 0.99%.

Dividends

SWMIX vs. FIGFX - Dividend Comparison

SWMIX has not paid dividends to shareholders, while FIGFX's dividend yield for the trailing twelve months is around 3.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIGFX Fidelity International Growth Fund	3.16%	3.44%	0.78%	0.48%	1.66%	1.93%	0.11%	0.97%	0.88%	0.12%	1.24%	0.77%
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

Can I hold both SWMIX and FIGFX in my portfolio?

With a correlation of 0.93, SWMIX and FIGFX 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, SWMIX or FIGFX?

FIGFX has higher volatility (8.15%) compared to SWMIX (7.77%). In terms of maximum drawdown, SWMIX dropped -61.81% vs FIGFX's -55.97%.

Which has better risk-adjusted returns?

FIGFX currently has the higher Sharpe Ratio (0.89 vs 0.82), 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.