SWMIX vs. SWDSX
SWMIX (Schwab International Opportunities Fund) and SWDSX (Schwab Dividend Equity Fund™) are both mutual funds - SWMIX is a Foreign Large Cap Equities fund managed by Charles Schwab, while SWDSX is a Large Cap Value Equities fund actively managed by Charles Schwab. Over the past 10 years, SWMIX returned 7.31%/yr vs 9.35%/yr for SWDSX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. SWMIX charges 0.99%/yr vs 0.89%/yr for SWDSX.
Performance
SWMIX vs. SWDSX - 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 SWDSX's 11.28% return. Over the past 10 years, SWMIX has underperformed SWDSX with an annualized return of 7.31%, while SWDSX has yielded a comparatively higher 9.35% 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%
SWDSX
- 1D
- -0.20%
- 1M
- 1.59%
- 6M
- 6.81%
- YTD
- 11.28%
- 1Y
- 17.46%
- 3Y*
- 14.51%
- 5Y*
- 9.63%
- 10Y*
- 9.35%
- ALL TIME*
- 8.65%
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. SWDSX - 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% |
SWDSX Schwab Dividend Equity Fund™ | 11.28% | 12.31% | 17.06% | 6.92% | -5.84% | 28.24% | -4.33% | 24.32% | -12.18% | 15.40% |
Correlation
The correlation between SWMIX and SWDSX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2004 | 0.75 |
Over the past year, the correlation between SWMIX and SWDSX has dropped to 0.47 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
SWMIX vs. SWDSX — Risk / Return Rank
SWMIX
SWDSX
SWMIX vs. SWDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab International Opportunities Fund (SWMIX) and Schwab Dividend Equity Fund™ (SWDSX). 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 | SWDSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.31 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 2.59 | -1.56 |
| Martin ratioReturn relative to average drawdown | 3.53 | 8.82 | -5.29 |
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Drawdowns
SWMIX vs. SWDSX - Drawdown Comparison
The maximum SWMIX drawdown since its inception was -61.81%, which is greater than SWDSX's maximum drawdown of -50.01%. Use the drawdown chart below to compare losses from any high point for SWMIX and SWDSX.
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Drawdown Indicators
| SWMIX | SWDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.81% | -50.01% | -11.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -6.16% | -6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | -11.67% | -2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -40.51% | -17.94% | -22.57% |
Max Drawdown (10Y)Largest decline over 10 years | -40.51% | -40.20% | -0.31% |
Current DrawdownCurrent decline from peak | -3.17% | -1.05% | -2.12% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -6.74% | -5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 1.81% | +1.93% |
Volatility
SWMIX vs. SWDSX - Volatility Comparison
Schwab International Opportunities Fund (SWMIX) has a higher volatility of 6.06% compared to Schwab Dividend Equity Fund™ (SWDSX) at 3.04%. This indicates that SWMIX's price experiences larger fluctuations and is considered to be riskier than SWDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWMIX | SWDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 3.04% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 15.97% | 6.63% | +9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.75% | 9.52% | +10.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 13.08% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 16.80% | +1.41% |
SWMIX vs. SWDSX - Expense Ratio Comparison
SWMIX has a 0.99% expense ratio, which is higher than SWDSX's 0.89% expense ratio.
Dividends
SWMIX vs. SWDSX - Dividend Comparison
SWMIX has not paid dividends to shareholders, while SWDSX's dividend yield for the trailing twelve months is around 1.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWDSX Schwab Dividend Equity Fund™ | 1.10% | 1.22% | 2.59% | 2.25% | 6.83% | 16.25% | 2.09% | 6.86% | 11.63% | 10.24% | 1.68% | 14.46% |
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 SWDSX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWMIX has higher volatility (6.06%) compared to SWDSX (3.04%). In terms of maximum drawdown, SWMIX dropped -61.81% vs SWDSX's -50.01%.
SWDSX currently has the higher Sharpe Ratio (1.68 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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