VOT vs. SWISX

Last updated Jun 13, 2026

VOT (Vanguard Mid-Cap Growth ETF) and SWISX (Schwab International Index Fund) are both funds - VOT is a Mid Cap Growth Equities fund tracking the CRSP US Mid Cap Growth Index, while SWISX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net). Both are passively managed. Over the past 10 years, VOT returned 12.19%/yr vs 9.70%/yr for SWISX. A 0.75 correlation means they provide meaningful diversification when combined. VOT charges 0.05%/yr vs 0.06%/yr for SWISX.

Performance

VOT vs. SWISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mid-Cap Growth ETF (VOT) and Schwab International Index Fund (SWISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOT achieves a 6.67% return, which is significantly lower than SWISX's 8.95% return. Over the past 10 years, VOT has outperformed SWISX with an annualized return of 12.19%, while SWISX has yielded a comparatively lower 9.70% annualized return.

VOT

• 1D: 0.76%
• 1M: 3.42%
• YTD: 6.67%
• 6M: 5.40%
• 1Y: 9.43%
• 3Y*: 14.66%
• 5Y*: 6.13%
• 10Y*: 12.19%

SWISX

• 1D: 3.03%
• 1M: 0.58%
• YTD: 8.95%
• 6M: 10.44%
• 1Y: 19.74%
• 3Y*: 16.43%
• 5Y*: 8.36%
• 10Y*: 9.70%

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

VOT vs. SWISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOT Vanguard Mid-Cap Growth ETF	6.67%	10.72%	16.38%	23.10%	-28.87%	20.50%	34.50%	33.76%	-5.56%	21.80%
SWISX Schwab International Index Fund	8.95%	31.59%	3.54%	18.13%	-14.30%	11.25%	8.14%	21.87%	-13.38%	25.32%

Correlation

The correlation between VOT and SWISX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Aug 25, 2006	0.75

The correlation between VOT and SWISX has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.

VOT vs. SWISX - Sectors Allocation Comparison

Sectors	VOT	SWISX
Technology	28.9%	10.7%
Industrials	23.7%	20.3%
Consumer Cyclical	13.9%	7.7%
Healthcare	9.3%	9.2%
Financial Services	6.8%	24.4%
Real Estate	4.8%	2.0%
Communication Services	3.8%	4.6%
Utilities	3.5%	4.0%
Energy	2.7%	4.1%
Basic Materials	1.8%	6.1%
Consumer Defensive	0.8%	7.0%

Return for Risk

VOT vs. SWISX — Risk / Return Rank

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

VOT

VOT Risk / Return Rank: 19
VOT Sharpe Ratio Rank: 20
VOT Sortino Ratio Rank: 19
VOT Omega Ratio Rank: 18
VOT Calmar Ratio Rank: 18
VOT Martin Ratio Rank: 19

SWISX

SWISX Risk / Return Rank: 35
SWISX Sharpe Ratio Rank: 34
SWISX Sortino Ratio Rank: 34
SWISX Omega Ratio Rank: 34
SWISX Calmar Ratio Rank: 35
SWISX Martin Ratio Rank: 39

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.

VOT vs. SWISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth ETF (VOT) and Schwab International Index Fund (SWISX). 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.

	VOT	SWISX	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.33	-0.75
Sortino ratio: Return per unit of downside risk	0.89	1.92	-1.03
Omega ratio: Gain probability vs. loss probability	1.11	1.24	-0.13
Calmar ratio: Return relative to maximum drawdown	0.59	1.83	-1.24
Martin ratio: Return relative to average drawdown	1.77	6.82	-5.05

VOT vs. SWISX - Sharpe Ratio Comparison

The current VOT Sharpe Ratio is 0.57, which is lower than the SWISX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of VOT and SWISX, 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

VOT vs. SWISX - Drawdown Comparison

The maximum VOT drawdown since its inception was -60.16%, roughly equal to the maximum SWISX drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for VOT and SWISX.

Drawdown Indicators

	VOT	SWISX	Difference
Max Drawdown Largest peak-to-trough decline	-60.16%	-60.65%	+0.49%
Max Drawdown (1Y) Largest decline over 1 year	-15.96%	-11.39%	-4.57%
Max Drawdown (3Y) Largest decline over 3 years	-21.77%	-13.68%	-8.09%
Max Drawdown (5Y) Largest decline over 5 years	-37.19%	-29.42%	-7.77%
Max Drawdown (10Y) Largest decline over 10 years	-37.19%	-33.83%	-3.36%
Current Drawdown Current decline from peak	-2.41%	-1.01%	-1.40%
Average Drawdown Average peak-to-trough decline	-9.95%	-14.80%	+4.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.35%	3.05%	+2.30%

Volatility

VOT vs. SWISX - Volatility Comparison

Vanguard Mid-Cap Growth ETF (VOT) has a higher volatility of 6.42% compared to Schwab International Index Fund (SWISX) at 5.34%. This indicates that VOT's price experiences larger fluctuations and is considered to be riskier than SWISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOT	SWISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.42%	5.34%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	13.32%	13.07%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	16.56%	15.74%	+0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.46%	16.39%	+5.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	16.90%	+4.13%

VOT vs. SWISX - Expense Ratio Comparison

VOT has a 0.05% expense ratio, which is lower than SWISX's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VOT vs. SWISX - Dividend Comparison

VOT's dividend yield for the trailing twelve months is around 0.62%, less than SWISX's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWISX Schwab International Index Fund	3.26%	3.55%	3.29%	3.31%	2.73%	3.34%	1.88%	3.09%	3.15%	2.71%	3.19%	2.71%
VOT Vanguard Mid-Cap Growth ETF	0.62%	0.64%	0.67%	0.71%	0.78%	0.34%	0.56%	0.78%	0.84%	0.72%	0.81%	0.81%

Frequently Asked Questions

Can I hold both VOT and SWISX in my portfolio?

VOT and SWISX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOT or SWISX?

VOT has higher volatility (6.42%) compared to SWISX (5.34%). In terms of maximum drawdown, VOT dropped -60.16% vs SWISX's -60.65%.

Which has better risk-adjusted returns?

SWISX currently has the higher Sharpe Ratio (1.33 vs 0.57), 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.