SWVXX vs. SFNNX

Last updated Aug 2, 2026

SWVXX (Schwab Prime Advantage Money Fund Investor Shares) and SFNNX (Schwab Fundamental International Equity Index Fund) are both mutual funds - SWVXX is a Money Market fund actively managed by Charles Schwab, while SFNNX is a Foreign Large Cap Equities fund tracking the RAFI Fundamental High Liquidity Developed ex US Large Index (Net). SWVXX is actively managed, while SFNNX is passively managed. Over the past 5 years, SWVXX returned 3.06%/yr vs 14.23%/yr for SFNNX. Their -0.01 correlation means they have often moved in opposite directions in the past. SWVXX charges 0.34%/yr vs 0.25%/yr for SFNNX.

Performance

SWVXX vs. SFNNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Prime Advantage Money Fund Investor Shares (SWVXX) and Schwab Fundamental International Equity Index Fund (SFNNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWVXX achieves a 1.74% return, which is significantly lower than SFNNX's 20.52% return.

SWVXX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 1.43%
• YTD: 1.74%
• 1Y: 3.44%
• 3Y*: 4.27%
• 5Y*: 3.06%
• 10Y*: —
• ALL TIME*: 2.95%

SFNNX

• 1D: 2.95%
• 1M: 3.46%
• 6M: 12.42%
• YTD: 20.52%
• 1Y: 41.01%
• 3Y*: 21.52%
• 5Y*: 14.23%
• 10Y*: 11.77%
• ALL TIME*: 5.93%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SFNNX Schwab Fundamental International Equity Index Fund	$0.00	$0.00	$0.00
SWVXX Schwab Prime Advantage Money Fund Investor Shares	$0.00	$0.00	$0.00

SWVXX vs. SFNNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SWVXX Schwab Prime Advantage Money Fund Investor Shares	1.74%	4.15%	5.16%	4.33%	0.00%	0.00%
SFNNX Schwab Fundamental International Equity Index Fund	20.52%	41.06%	2.27%	19.88%	-7.95%	-1.20%

Correlation

The correlation between SWVXX and SFNNX is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.00
Correlation (3Y) Balances recent behavior with more history.	-0.02
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.01
Correlation (All Time) Calculated using the full available price history since May 25, 2021	-0.01

Return for Risk

SWVXX vs. SFNNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SWVXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SFNNX

SFNNX Risk / Return Rank: 91
SFNNX Sharpe Ratio Rank: 95
SFNNX Sortino Ratio Rank: 89
SFNNX Omega Ratio Rank: 89
SFNNX Calmar Ratio Rank: 93
SFNNX Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SWVXX vs. SFNNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Prime Advantage Money Fund Investor Shares (SWVXX) and Schwab Fundamental International Equity Index Fund (SFNNX). 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.

	SWVXX	SFNNX	Difference
Sharpe ratio: Return per unit of total volatility	3.71	2.54	+1.16
Sortino ratio: Return per unit of downside risk	—	3.30	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	3.74	—
Martin ratio: Return relative to average drawdown	—	12.87	—

SWVXX vs. SFNNX - Sharpe Ratio Comparison

The current SWVXX Sharpe Ratio is 3.71, which is higher than the SFNNX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of SWVXX and SFNNX, 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

SWVXX vs. SFNNX - Drawdown Comparison

The maximum SWVXX drawdown since its inception was 0.00%, smaller than the maximum SFNNX drawdown of -59.60%. Use the drawdown chart below to compare losses from any high point for SWVXX and SFNNX.

Drawdown Indicators

	SWVXX	SFNNX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-59.60%	+59.60%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	-10.63%	+10.63%
Max Drawdown (3Y) Largest decline over 3 years	0.00%	-13.78%	+13.78%
Max Drawdown (5Y) Largest decline over 5 years	0.00%	-25.66%	+25.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.23%	—
Current Drawdown Current decline from peak	0.00%	-0.83%	+0.83%
Average Drawdown Average peak-to-trough decline	0.00%	-11.89%	+11.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	3.08%	-3.08%

Volatility

SWVXX vs. SFNNX - Volatility Comparison

The current volatility for Schwab Prime Advantage Money Fund Investor Shares (SWVXX) is 0.00%, while Schwab Fundamental International Equity Index Fund (SFNNX) has a volatility of 5.08%. This indicates that SWVXX experiences smaller price fluctuations and is considered to be less risky than SFNNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWVXX	SFNNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	5.08%	-5.08%
Volatility (6M) Calculated over the trailing 6-month period	0.69%	13.58%	-12.89%
Volatility (1Y) Calculated over the trailing 1-year period	1.09%	15.68%	-14.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.06%	15.76%	-14.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.04%	17.07%	-16.03%

SWVXX vs. SFNNX - Expense Ratio Comparison

SWVXX has a 0.34% expense ratio, which is higher than SFNNX's 0.25% expense ratio.

Dividends

SWVXX vs. SFNNX - Dividend Comparison

SWVXX's dividend yield for the trailing twelve months is around 3.38%, less than SFNNX's 4.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SFNNX Schwab Fundamental International Equity Index Fund	4.24%	5.11%	3.61%	3.26%	2.92%	3.81%	2.42%	3.69%	3.51%	2.70%	3.21%	2.92%
SWVXX Schwab Prime Advantage Money Fund Investor Shares	3.38%	4.06%	5.02%	4.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SWVXX and SFNNX in my portfolio?

SWVXX and SFNNX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWVXX or SFNNX?

SFNNX has higher volatility (5.08%) compared to SWVXX (0.00%). In terms of maximum drawdown, SWVXX dropped 0.00% vs SFNNX's -59.60%.

Which has better risk-adjusted returns?

SWVXX currently has the higher Sharpe Ratio (3.71 vs 2.54), 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.