ACEP vs. FNDB

Last updated Jun 4, 2026

ACEP (ARS Core Equity Portfolio ETF) and FNDB (Schwab Fundamental U.S. Broad Market Index ETF) are both exchange-traded funds - ACEP is a Large Cap Blend Equities fund actively managed by ARS Investment Partners, while FNDB is a Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US All Index. ACEP is actively managed, while FNDB is passively managed. A 0.77 correlation means they provide meaningful diversification when combined. ACEP charges 0.45%/yr vs 0.25%/yr for FNDB.

Performance

ACEP vs. FNDB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARS Core Equity Portfolio ETF (ACEP) and Schwab Fundamental U.S. Broad Market Index ETF (FNDB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACEP achieves a 24.34% return, which is significantly higher than FNDB's 14.46% return.

ACEP

• 1D: -0.69%
• 1M: 8.05%
• YTD: 24.34%
• 6M: 27.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNDB

• 1D: -0.15%
• 1M: 3.71%
• YTD: 14.46%
• 6M: 14.53%
• 1Y: 32.19%
• 3Y*: 20.54%
• 5Y*: 12.39%
• 10Y*: 14.02%

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

ACEP vs. FNDB - Yearly Performance Comparison

	2026 (YTD)	2025
ACEP ARS Core Equity Portfolio ETF	24.34%	7.88%
FNDB Schwab Fundamental U.S. Broad Market Index ETF	14.46%	3.98%

Correlation

The correlation between ACEP and FNDB is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 24, 2025	0.77

ACEP vs. FNDB - Sectors Allocation Comparison

Sectors	ACEP	FNDB
Technology	35.8%	18.8%
Financial Services	14.6%	14.1%
Energy	12.5%	10.0%
Basic Materials	12.2%	3.8%
Industrials	10.5%	10.0%
Healthcare	7.5%	11.6%
Consumer Defensive	2.5%	7.2%
Real Estate	2.0%	2.4%
Communication Services	1.3%	9.7%
Consumer Cyclical	1.2%	9.4%
Utilities	-	3.1%

Return for Risk

ACEP vs. FNDB — Risk / Return Rank

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

FNDB

FNDB Risk / Return Rank: 88
FNDB Sharpe Ratio Rank: 88
FNDB Sortino Ratio Rank: 89
FNDB Omega Ratio Rank: 87
FNDB Calmar Ratio Rank: 87
FNDB Martin Ratio Rank: 88

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.

ACEP vs. FNDB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARS Core Equity Portfolio ETF (ACEP) and Schwab Fundamental U.S. Broad Market Index ETF (FNDB). 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.

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

Sharpe Ratios by Period

	ACEP	FNDB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.02	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.41	0.79	+3.62

Drawdowns

ACEP vs. FNDB - Drawdown Comparison

The maximum ACEP drawdown since its inception was -7.06%, smaller than the maximum FNDB drawdown of -38.17%. Use the drawdown chart below to compare losses from any high point for ACEP and FNDB.

Drawdown Indicators

	ACEP	FNDB	Difference
Max Drawdown Largest peak-to-trough decline	-7.06%	-38.17%	+31.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.29%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.17%	—
Current Drawdown Current decline from peak	-0.69%	-0.15%	-0.54%
Average Drawdown Average peak-to-trough decline	-1.41%	-3.66%	+2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.63%	—

Volatility

Volatility by Period

	ACEP	FNDB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.29%	10.72%	+6.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	15.36%	+1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	17.48%	-0.19%

ACEP vs. FNDB - Expense Ratio Comparison

ACEP has a 0.45% expense ratio, which is higher than FNDB's 0.25% expense ratio.

Dividends

ACEP vs. FNDB - Dividend Comparison

ACEP's dividend yield for the trailing twelve months is around 0.11%, less than FNDB's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACEP ARS Core Equity Portfolio ETF	0.11%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FNDB Schwab Fundamental U.S. Broad Market Index ETF	1.44%	1.62%	1.74%	1.80%	1.98%	1.63%	2.15%	2.23%	2.41%	1.91%	2.06%	2.26%

Frequently Asked Questions

Can I hold both ACEP and FNDB in my portfolio?

ACEP and FNDB have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACEP or FNDB?

On fees, FNDB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACEP or FNDB?

FNDB is cheaper with a 0.25% expense ratio, compared with 0.45% for ACEP.

Which ETF pays a higher dividend yield, ACEP or FNDB?

FNDB has the higher dividend yield at 1.44%, compared with 0.11% for ACEP.

What is the main difference between ACEP and FNDB?

ACEP is categorized as Large Cap Blend Equities, while FNDB is Large Cap Value Equities. They also come from different issuers: ARS Investment Partners and Charles Schwab. Their fees differ too: 0.45% for ACEP and 0.25% for FNDB.