SWRLX vs. USIFX

Last updated Jun 23, 2026

SWRLX (Touchstone International Equity Fund) and USIFX (USAA International Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, SWRLX returned 10.91%/yr vs 9.94%/yr for USIFX. Their correlation of 0.90 suggests significant overlap in exposure. SWRLX charges 1.37%/yr vs 1.02%/yr for USIFX.

Performance

SWRLX vs. USIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone International Equity Fund (SWRLX) and USAA International Fund (USIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWRLX achieves a 23.43% return, which is significantly higher than USIFX's 12.86% return. Over the past 10 years, SWRLX has outperformed USIFX with an annualized return of 10.91%, while USIFX has yielded a comparatively lower 9.94% annualized return.

SWRLX

• 1D: 1.18%
• 1M: 4.11%
• YTD: 23.43%
• 6M: 24.48%
• 1Y: 52.80%
• 3Y*: 24.37%
• 5Y*: 13.03%
• 10Y*: 10.91%

USIFX

• 1D: 0.70%
• 1M: 2.07%
• YTD: 12.86%
• 6M: 13.23%
• 1Y: 28.55%
• 3Y*: 18.50%
• 5Y*: 9.99%
• 10Y*: 9.94%

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

SWRLX vs. USIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWRLX Touchstone International Equity Fund	23.43%	53.78%	-1.53%	17.63%	-11.02%	3.86%	7.47%	25.87%	-16.81%	27.24%
USIFX USAA International Fund	12.86%	33.11%	4.75%	17.47%	-15.92%	14.83%	3.26%	22.76%	-14.15%	28.14%

Correlation

The correlation between SWRLX and USIFX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994	0.90

The correlation between SWRLX and USIFX has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

SWRLX vs. USIFX — Risk / Return Rank

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

SWRLX

SWRLX Risk / Return Rank: 93
SWRLX Sharpe Ratio Rank: 98
SWRLX Sortino Ratio Rank: 93
SWRLX Omega Ratio Rank: 91
SWRLX Calmar Ratio Rank: 91
SWRLX Martin Ratio Rank: 90

USIFX

USIFX Risk / Return Rank: 43
USIFX Sharpe Ratio Rank: 43
USIFX Sortino Ratio Rank: 41
USIFX Omega Ratio Rank: 43
USIFX Calmar Ratio Rank: 42
USIFX Martin Ratio Rank: 46

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. USIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone International Equity Fund (SWRLX) and USAA International Fund (USIFX). 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.

	SWRLX	USIFX	Difference
Sharpe ratio: Return per unit of total volatility	3.45	1.78	+1.67
Sortino ratio: Return per unit of downside risk	4.41	2.50	+1.91
Omega ratio: Gain probability vs. loss probability	1.64	1.33	+0.31
Calmar ratio: Return relative to maximum drawdown	4.51	2.36	+2.15
Martin ratio: Return relative to average drawdown	16.69	9.08	+7.61

SWRLX vs. USIFX - Sharpe Ratio Comparison

The current SWRLX Sharpe Ratio is 3.45, which is higher than the USIFX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of SWRLX and USIFX, 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

SWRLX vs. USIFX - Drawdown Comparison

The maximum SWRLX drawdown since its inception was -59.44%, which is greater than USIFX's maximum drawdown of -53.23%. Use the drawdown chart below to compare losses from any high point for SWRLX and USIFX.

Drawdown Indicators

	SWRLX	USIFX	Difference
Max Drawdown Largest peak-to-trough decline	-59.44%	-53.23%	-6.21%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	-11.74%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-14.08%	-13.61%	-0.47%
Max Drawdown (5Y) Largest decline over 5 years	-34.19%	-32.00%	-2.19%
Max Drawdown (10Y) Largest decline over 10 years	-35.95%	-36.76%	+0.81%
Current Drawdown Current decline from peak	0.00%	-0.03%	+0.03%
Average Drawdown Average peak-to-trough decline	-11.61%	-9.26%	-2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	3.04%	+0.06%

Volatility

SWRLX vs. USIFX - Volatility Comparison

Touchstone International Equity Fund (SWRLX) has a higher volatility of 5.97% compared to USAA International Fund (USIFX) at 5.33%. This indicates that SWRLX's price experiences larger fluctuations and is considered to be riskier than USIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWRLX	USIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	5.33%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	12.81%	13.21%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	14.98%	15.52%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	16.97%	+0.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	16.95%	-0.06%

SWRLX vs. USIFX - Expense Ratio Comparison

SWRLX has a 1.37% expense ratio, which is higher than USIFX's 1.02% expense ratio.

Dividends

SWRLX vs. USIFX - Dividend Comparison

SWRLX's dividend yield for the trailing twelve months is around 6.18%, less than USIFX's 10.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWRLX Touchstone International Equity Fund	6.18%	7.63%	10.53%	1.36%	1.56%	14.95%	0.46%	9.10%	15.19%	3.61%	0.66%	3.76%
USIFX USAA International Fund	10.78%	12.16%	5.44%	1.87%	2.94%	8.74%	1.91%	25.11%	8.50%	3.07%	1.55%	5.64%

Frequently Asked Questions

Can I hold both SWRLX and USIFX in my portfolio?

With a correlation of 0.91, SWRLX and USIFX 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 USIFX?

SWRLX has higher volatility (5.97%) compared to USIFX (5.33%). In terms of maximum drawdown, SWRLX dropped -59.44% vs USIFX's -53.23%.

Which has better risk-adjusted returns?

SWRLX currently has the higher Sharpe Ratio (3.45 vs 1.78), 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.