SWRLX vs. IGAAX

Last updated Jun 3, 2026

SWRLX (Touchstone International Equity Fund) and IGAAX (American Funds International Growth and Income Fund Class A) are both Foreign Large Cap Equities funds. Over the past 10 years, SWRLX returned 10.69%/yr vs 9.55%/yr for IGAAX. Their correlation of 0.91 suggests significant overlap in exposure. SWRLX charges 1.37%/yr vs 0.91%/yr for IGAAX.

Performance

SWRLX vs. IGAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone International Equity Fund (SWRLX) and American Funds International Growth and Income Fund Class A (IGAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWRLX achieves a 21.39% return, which is significantly higher than IGAAX's 12.72% return. Over the past 10 years, SWRLX has outperformed IGAAX with an annualized return of 10.69%, while IGAAX has yielded a comparatively lower 9.55% annualized return.

SWRLX

• 1D: 0.37%
• 1M: 7.25%
• YTD: 21.39%
• 6M: 26.24%
• 1Y: 49.51%
• 3Y*: 24.68%
• 5Y*: 12.13%
• 10Y*: 10.69%

IGAAX

• 1D: -0.26%
• 1M: 4.17%
• YTD: 12.72%
• 6M: 16.01%
• 1Y: 29.00%
• 3Y*: 19.02%
• 5Y*: 8.37%
• 10Y*: 9.55%

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

SWRLX vs. IGAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWRLX Touchstone International Equity Fund	21.39%	53.78%	-1.53%	17.63%	-11.02%	3.86%	7.47%	25.87%	-16.81%	27.24%
IGAAX American Funds International Growth and Income Fund Class A	12.72%	35.09%	3.28%	15.25%	-15.47%	9.80%	7.78%	27.11%	-14.38%	26.08%

Correlation

The correlation between SWRLX and IGAAX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Oct 2, 2008	0.91

The correlation between SWRLX and IGAAX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

SWRLX vs. IGAAX — Risk / Return Rank

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

SWRLX

SWRLX Risk / Return Rank: 91
SWRLX Sharpe Ratio Rank: 97
SWRLX Sortino Ratio Rank: 92
SWRLX Omega Ratio Rank: 91
SWRLX Calmar Ratio Rank: 89
SWRLX Martin Ratio Rank: 87

IGAAX

IGAAX Risk / Return Rank: 56
IGAAX Sharpe Ratio Rank: 62
IGAAX Sortino Ratio Rank: 60
IGAAX Omega Ratio Rank: 61
IGAAX Calmar Ratio Rank: 51
IGAAX Martin Ratio Rank: 50

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.

SWRLX vs. IGAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone International Equity Fund (SWRLX) and American Funds International Growth and Income Fund Class A (IGAAX). 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.

	SWRLX	IGAAX	Difference
Sharpe ratio Return per unit of total volatility	3.60	2.31	+1.28
Sortino ratio Return per unit of downside risk	4.64	3.25	+1.38
Omega ratio Gain probability vs. loss probability	1.66	1.44	+0.23
Calmar ratio Return relative to maximum drawdown	4.46	2.74	+1.72
Martin ratio Return relative to average drawdown	16.75	10.37	+6.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWRLX vs. IGAAX - Sharpe Ratio Comparison

The current SWRLX Sharpe Ratio is 3.60, which is higher than the IGAAX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of SWRLX and IGAAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SWRLX	IGAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.60	2.31	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.58	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.60	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.47	-0.06

Drawdowns

SWRLX vs. IGAAX - Drawdown Comparison

The maximum SWRLX drawdown since its inception was -59.44%, which is greater than IGAAX's maximum drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for SWRLX and IGAAX.

Drawdown Indicators

	SWRLX	IGAAX	Difference
Max Drawdown Largest peak-to-trough decline	-59.44%	-35.79%	-23.65%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	-10.92%	-0.57%
Max Drawdown (3Y) Largest decline over 3 years	-14.08%	-12.60%	-1.48%
Max Drawdown (5Y) Largest decline over 5 years	-34.19%	-30.57%	-3.62%
Max Drawdown (10Y) Largest decline over 10 years	-35.95%	-35.79%	-0.16%
Current Drawdown Current decline from peak	0.00%	-0.26%	+0.26%
Average Drawdown Average peak-to-trough decline	-11.63%	-7.91%	-3.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	2.89%	+0.17%

Volatility

SWRLX vs. IGAAX - Volatility Comparison

Touchstone International Equity Fund (SWRLX) and American Funds International Growth and Income Fund Class A (IGAAX) have volatilities of 4.72% and 4.80%, 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

	SWRLX	IGAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	4.80%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	11.03%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	14.27%	13.14%	+1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.37%	14.61%	+2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.85%	15.91%	+0.94%

SWRLX vs. IGAAX - Expense Ratio Comparison

SWRLX has a 1.37% expense ratio, which is higher than IGAAX's 0.91% expense ratio.

Dividends

SWRLX vs. IGAAX - Dividend Comparison

SWRLX's dividend yield for the trailing twelve months is around 6.29%, less than IGAAX's 7.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGAAX American Funds International Growth and Income Fund Class A	7.31%	8.14%	3.37%	2.29%	4.00%	6.91%	1.37%	2.40%	2.81%	1.85%	2.35%	3.25%
SWRLX Touchstone International Equity Fund	6.29%	7.63%	10.53%	1.36%	1.56%	14.95%	0.46%	9.10%	15.19%	3.61%	0.66%	3.76%

Frequently Asked Questions

Can I hold both SWRLX and IGAAX in my portfolio?

With a correlation of 0.92, SWRLX and IGAAX 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, SWRLX or IGAAX?

IGAAX has higher volatility (4.80%) compared to SWRLX (4.72%). In terms of maximum drawdown, SWRLX dropped -59.44% vs IGAAX's -35.79%.

Which has better risk-adjusted returns?

SWRLX currently has the higher Sharpe Ratio (3.60 vs 2.31), 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.