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AVDV vs. FNDE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVDV vs. FNDE

Last updated Jun 16, 2026

AVDV (Avantis International Small Cap Value ETF) and FNDE (Schwab Fundamental Emerging Markets Equity ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while FNDE is a Emerging Markets Equities fund tracking the RAFI Fundamental High Liquidity Emerging Markets Index (Net). AVDV is actively managed, while FNDE is passively managed. Over the past 5 years, AVDV returned 14.16%/yr vs 9.90%/yr for FNDE. A 0.76 correlation means they provide meaningful diversification when combined. AVDV charges 0.36%/yr vs 0.39%/yr for FNDE.

Performance

AVDV vs. FNDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Value ETF (AVDV) and Schwab Fundamental Emerging Markets Equity ETF (FNDE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AVDV achieves a 16.37% return, which is significantly higher than FNDE's 15.28% return.

AVDV

1D
1.20%
1M
1.32%
YTD
16.37%
6M
18.24%
1Y
43.62%
3Y*
26.98%
5Y*
14.16%
10Y*
—

FNDE

1D
1.39%
1M
3.43%
YTD
15.28%
6M
17.23%
1Y
33.20%
3Y*
19.92%
5Y*
9.90%
10Y*
11.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVDV vs. FNDE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
AVDV
Avantis International Small Cap Value ETF		16.37%49.37%8.67%16.85%-11.47%15.80%5.01%11.78%
FNDE
Schwab Fundamental Emerging Markets Equity ETF		15.28%29.46%12.10%14.99%-15.58%14.41%-2.77%11.34%

Correlation

The correlation between AVDV and FNDE is 0.74, 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

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (5Y)
Calculated over the trailing 5-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2019

0.76

The correlation between AVDV and FNDE has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

AVDV vs. FNDE - Sectors Allocation Comparison

Sectors
AVDV
FNDE

Industrials

22.8%
3.6%

Basic Materials

21.0%
8.1%

Consumer Cyclical

15.4%
8.1%

Financial Services

13.6%
16.2%

Energy

9.6%
10.4%

Technology

6.6%
23.3%

Consumer Defensive

3.4%
1.2%

Communication Services

2.4%
3.5%

Healthcare

2.3%
1.1%

Utilities

1.7%
1.9%

Real Estate

1.3%
1.5%

Industrials

AVDV
22.8%
FNDE
3.6%

Basic Materials

AVDV
21.0%
FNDE
8.1%

Consumer Cyclical

AVDV
15.4%
FNDE
8.1%

Financial Services

AVDV
13.6%
FNDE
16.2%

Energy

AVDV
9.6%
FNDE
10.4%

Technology

AVDV
6.6%
FNDE
23.3%

Consumer Defensive

AVDV
3.4%
FNDE
1.2%

Communication Services

AVDV
2.4%
FNDE
3.5%

Healthcare

AVDV
2.3%
FNDE
1.1%

Utilities

AVDV
1.7%
FNDE
1.9%

Real Estate

AVDV
1.3%
FNDE
1.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Avantis International Small Cap Value ETF

Schwab Fundamental Emerging Markets Equity ETF

Often compared with AVDV:
AVDV vs. VXUSAVDV vs. AVDEAVDV vs. VSSAVDV vs. DISVXAVDV vs. AVDVXAVDV vs. ISVLAVDV vs. AVIV
Often compared with FNDE:
FNDE vs. SCHEFNDE vs. VWOFNDE vs. AVEMFNDE vs. AVESFNDE vs. DEMFNDE vs. SCHFFNDE vs. DFEVX

Return for Risk

AVDV vs. FNDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AVDV
AVDV Risk / Return Rank: 8383
Overall Rank
AVDV Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
AVDV Sortino Ratio Rank: 8888
Sortino Ratio Rank
AVDV Omega Ratio Rank: 8888
Omega Ratio Rank
AVDV Calmar Ratio Rank: 7272
Calmar Ratio Rank
AVDV Martin Ratio Rank: 7777
Martin Ratio Rank
FNDE
FNDE Risk / Return Rank: 7272
Overall Rank
FNDE Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
FNDE Sortino Ratio Rank: 7070
Sortino Ratio Rank
FNDE Omega Ratio Rank: 7474
Omega Ratio Rank
FNDE Calmar Ratio Rank: 7171
Calmar Ratio Rank
FNDE Martin Ratio Rank: 7070
Martin Ratio Rank
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.

AVDV vs. FNDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and Schwab Fundamental Emerging Markets Equity ETF (FNDE). 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.

AVDVFNDEDifference
Sharpe ratioReturn per unit of total volatility
2.70
2.14

+0.56

Sortino ratioReturn per unit of downside risk
3.55
2.84

+0.70

Omega ratioGain probability vs. loss probability

1.48

1.39

+0.09

Calmar ratioReturn relative to maximum drawdown

3.32

3.26

+0.06

Martin ratioReturn relative to average drawdown

13.26

11.87

+1.39

AVDV vs. FNDE - Sharpe Ratio Comparison

The current AVDV Sharpe Ratio is 2.70, which is comparable to the FNDE Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of AVDV and FNDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AVDV vs. FNDE - Drawdown Comparison

The maximum AVDV drawdown since its inception was -43.01%, roughly equal to the maximum FNDE drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for AVDV and FNDE.

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Drawdown Indicators

AVDVFNDEDifference

Max Drawdown

Largest peak-to-trough decline

-43.01%

-43.55%

+0.54%

Max Drawdown (1Y)

Largest decline over 1 year

-13.19%

-10.23%

-2.96%

Max Drawdown (3Y)

Largest decline over 3 years

-14.17%

-18.40%

+4.23%

Max Drawdown (5Y)

Largest decline over 5 years

-28.08%

-29.44%

+1.36%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.93%

—

Current Drawdown

Current decline from peak

-1.06%

-1.84%

+0.78%

Average Drawdown

Average peak-to-trough decline

-6.75%

-11.69%

+4.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

2.80%

+0.50%

Volatility

AVDV vs. FNDE - Volatility Comparison

Avantis International Small Cap Value ETF (AVDV) and Schwab Fundamental Emerging Markets Equity ETF (FNDE) have volatilities of 6.39% and 6.44%, 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.

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Volatility by Period

AVDVFNDEDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.39%

6.44%

-0.05%

Volatility (6M)

Calculated over the trailing 6-month period

13.92%

13.13%

+0.79%

Volatility (1Y)

Calculated over the trailing 1-year period

16.27%

15.64%

+0.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.42%

17.03%

+0.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.76%

19.31%

+0.45%

AVDV vs. FNDE - Expense Ratio Comparison

AVDV has a 0.36% expense ratio, which is lower than FNDE's 0.39% expense ratio.

Dividends

AVDV vs. FNDE - Dividend Comparison

AVDV's dividend yield for the trailing twelve months is around 4.06%, more than FNDE's 3.63% yield.

PositionTTM20252024202320222021202020192018201720162015
AVDV
Avantis International Small Cap Value ETF		4.06%3.05%4.31%3.29%3.17%2.39%1.67%0.36%0.00%0.00%0.00%0.00%
FNDE
Schwab Fundamental Emerging Markets Equity ETF		3.63%4.19%4.82%4.74%5.59%4.32%2.50%3.47%2.98%2.05%1.65%2.02%

Frequently Asked Questions

AVDV and FNDE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FNDE has higher volatility (6.44%) compared to AVDV (6.39%). In terms of maximum drawdown, AVDV dropped -43.01% vs FNDE's -43.55%.

On 5-year performance, AVDV leads with 14.16% vs 9.90% for FNDE. On fees, AVDV is cheaper at 0.36% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, AVDV has performed better with a 14.16% return vs 9.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AVDV is cheaper with a 0.36% expense ratio, compared with 0.39% for FNDE.

AVDV has the higher dividend yield at 4.06%, compared with 3.63% for FNDE.

AVDV is categorized as Foreign Small & Mid Cap Equities, while FNDE is Emerging Markets Equities. They also come from different issuers: Avantis and Charles Schwab. Their fees differ too: 0.36% for AVDV and 0.39% for FNDE.

AVDV currently has the higher Sharpe Ratio (2.70 vs 2.14), 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.

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