SWMIX vs. SICNX
SWMIX (Schwab International Opportunities Fund) and SICNX (Schwab International Core Equity Fund) are both Foreign Large Cap Equities funds from Charles Schwab. Over the past 10 years, SWMIX returned 7.31%/yr vs 8.95%/yr for SICNX. Their 0.96 correlation means they have historically moved very closely together. SWMIX charges 0.99%/yr vs 0.86%/yr for SICNX.
Performance
SWMIX vs. SICNX - Performance Comparison
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Returns By Period
In the year-to-date period, SWMIX achieves a 10.35% return, which is significantly lower than SICNX's 12.10% return. Over the past 10 years, SWMIX has underperformed SICNX with an annualized return of 7.31%, while SICNX has yielded a comparatively higher 8.95% annualized return.
SWMIX
- 1D
- 3.07%
- 1M
- -0.60%
- 6M
- 4.00%
- YTD
- 10.35%
- 1Y
- 14.59%
- 3Y*
- 10.07%
- 5Y*
- 2.04%
- 10Y*
- 7.31%
- ALL TIME*
- 7.15%
SICNX
- 1D
- 2.90%
- 1M
- 1.73%
- 6M
- 6.23%
- YTD
- 12.10%
- 1Y
- 22.57%
- 3Y*
- 18.60%
- 5Y*
- 10.72%
- 10Y*
- 8.95%
- ALL TIME*
- 5.37%
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 |
SWMIX vs. SICNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWMIX Schwab International Opportunities Fund | 10.35% | 21.83% | 0.91% | 12.52% | -25.35% | 5.78% | 23.94% | 26.07% | -19.12% | 33.64% |
SICNX Schwab International Core Equity Fund | 12.10% | 31.57% | 9.04% | 20.00% | -15.31% | 11.01% | 4.64% | 19.16% | -18.30% | 25.48% |
Correlation
The correlation between SWMIX and SICNX 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. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 30, 2008 | 0.96 |
The correlation between SWMIX and SICNX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
SWMIX vs. SICNX — Risk / Return Rank
SWMIX
SICNX
SWMIX vs. SICNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab International Opportunities Fund (SWMIX) and Schwab International Core Equity Fund (SICNX). 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 | SICNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.78 | -0.75 |
| Martin ratioReturn relative to average drawdown | 3.53 | 6.14 | -2.61 |
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Drawdowns
SWMIX vs. SICNX - Drawdown Comparison
The maximum SWMIX drawdown since its inception was -61.81%, which is greater than SICNX's maximum drawdown of -55.78%. Use the drawdown chart below to compare losses from any high point for SWMIX and SICNX.
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Drawdown Indicators
| SWMIX | SICNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.81% | -55.78% | -6.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -12.21% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | -13.53% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -40.51% | -29.11% | -11.40% |
Max Drawdown (10Y)Largest decline over 10 years | -40.51% | -40.62% | +0.11% |
Current DrawdownCurrent decline from peak | -3.17% | 0.00% | -3.17% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -12.11% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 3.52% | +0.22% |
Volatility
SWMIX vs. SICNX - Volatility Comparison
Schwab International Opportunities Fund (SWMIX) has a higher volatility of 6.06% compared to Schwab International Core Equity Fund (SICNX) at 5.28%. This indicates that SWMIX's price experiences larger fluctuations and is considered to be riskier than SICNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWMIX | SICNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 5.28% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 15.97% | 14.34% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.75% | 17.65% | +2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 16.35% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 16.31% | +1.90% |
SWMIX vs. SICNX - Expense Ratio Comparison
SWMIX has a 0.99% expense ratio, which is higher than SICNX's 0.86% expense ratio.
Dividends
SWMIX vs. SICNX - Dividend Comparison
Neither SWMIX nor SICNX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SICNX Schwab International Core Equity Fund | 0.00% | 0.00% | 2.61% | 2.67% | 3.42% | 2.86% | 1.03% | 3.56% | 2.86% | 2.61% | 2.50% | 2.04% |
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, SWMIX and SICNX 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 (6.06%) compared to SICNX (5.28%). In terms of maximum drawdown, SWMIX dropped -61.81% vs SICNX's -55.78%.
SICNX currently has the higher Sharpe Ratio (1.23 vs 0.67), 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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