SWMIX vs. FNV
SWMIX (Schwab International Opportunities Fund) is Foreign Large Cap Equities fund managed by Charles Schwab, while FNV (Franco-Nevada Corporation) is a stock. Over the past 10 years, SWMIX returned 7.44%/yr vs 11.42%/yr for FNV. At a 0.29 correlation, their price movements are largely independent.
Performance
SWMIX vs. FNV - Performance Comparison
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Returns By Period
In the year-to-date period, SWMIX achieves a 9.31% return, which is significantly higher than FNV's -2.77% return. Over the past 10 years, SWMIX has underperformed FNV with an annualized return of 7.44%, while FNV has yielded a comparatively higher 11.42% annualized return.
SWMIX
- 1D
- -1.46%
- 1M
- -2.41%
- 6M
- 4.57%
- YTD
- 9.31%
- 1Y
- 10.93%
- 3Y*
- 9.96%
- 5Y*
- 2.24%
- 10Y*
- 7.44%
FNV
- 1D
- 1.33%
- 1M
- -11.53%
- 6M
- -17.32%
- YTD
- -2.77%
- 1Y
- 30.87%
- 3Y*
- 11.75%
- 5Y*
- 6.97%
- 10Y*
- 11.42%
SWMIX vs. FNV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWMIX Schwab International Opportunities Fund | 9.31% | 21.83% | 0.91% | 12.52% | -25.35% | 5.78% | 23.94% | 26.07% | -19.12% | 33.64% |
FNV Franco-Nevada Corporation | -2.77% | 77.81% | 7.41% | -17.96% | -0.39% | 11.57% | 22.31% | 48.92% | -11.00% | 35.45% |
Correlation
The correlation between SWMIX and FNV is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2007 | 0.29 |
The correlation between SWMIX and FNV shifts across timeframes, from 0.29 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SWMIX vs. FNV — Risk / Return Rank
SWMIX
FNV
SWMIX vs. FNV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab International Opportunities Fund (SWMIX) and Franco-Nevada Corporation (FNV). 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 | FNV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.17 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.06 | -0.16 |
| Martin ratioReturn relative to average drawdown | 3.16 | 2.47 | +0.70 |
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Drawdowns
SWMIX vs. FNV - Drawdown Comparison
The maximum SWMIX drawdown since its inception was -61.81%, which is greater than FNV's maximum drawdown of -58.76%. Use the drawdown chart below to compare losses from any high point for SWMIX and FNV.
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Drawdown Indicators
| SWMIX | FNV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.81% | -58.76% | -3.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -29.18% | +16.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -29.64% | +13.24% |
Max Drawdown (5Y)Largest decline over 5 years | -40.51% | -37.12% | -3.39% |
Max Drawdown (10Y)Largest decline over 10 years | -40.51% | -37.12% | -3.39% |
Current DrawdownCurrent decline from peak | -4.09% | -28.24% | +24.15% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -14.02% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 12.55% | -8.89% |
Volatility
SWMIX vs. FNV - Volatility Comparison
The current volatility for Schwab International Opportunities Fund (SWMIX) is 5.99%, while Franco-Nevada Corporation (FNV) has a volatility of 9.90%. This indicates that SWMIX experiences smaller price fluctuations and is considered to be less risky than FNV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWMIX | FNV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 9.90% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 31.11% | -15.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 37.38% | -17.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 30.68% | -12.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 30.22% | -12.04% |
Dividends
SWMIX vs. FNV - Dividend Comparison
SWMIX has not paid dividends to shareholders, while FNV's dividend yield for the trailing twelve months is around 0.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNV Franco-Nevada Corporation | 0.82% | 0.73% | 1.22% | 1.23% | 0.94% | 1.10% | 0.82% | 0.96% | 1.35% | 1.14% | 1.46% | 1.81% |
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
SWMIX and FNV have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNV has higher volatility (9.90%) compared to SWMIX (5.99%). In terms of maximum drawdown, SWMIX dropped -61.81% vs FNV's -58.76%.
FNV currently has the higher Sharpe Ratio (0.83 vs 0.60), 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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