AVRY vs. FNDB

Last updated Aug 6, 2026

AVRY (Avory Foundational ETF) and FNDB (Schwab Fundamental U.S. Broad Market Index ETF) are both exchange-traded funds - AVRY is a Large Cap Blend Equities fund actively managed by Avory, while FNDB is a Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US All Index. AVRY is actively managed, while FNDB is passively managed. Their 0.46 correlation means their historical movements had little consistent relationship. AVRY charges 0.89%/yr vs 0.25%/yr for FNDB.

Performance

AVRY vs. FNDB - Performance Comparison

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

Returns By Period

AVRY

• 1D: -0.24%
• 1M: 3.58%
• 6M: 9.43%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FNDB

• 1D: -0.47%
• 1M: 2.64%
• 6M: 12.38%
• YTD: 19.45%
• 1Y: 32.96%
• 3Y*: 19.89%
• 5Y*: 13.57%
• 10Y*: 14.07%
• ALL TIME*: 13.12%

*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)
AVRY Avory Foundational ETF	$205.02K	$192.88K	$305.51K
FNDB Schwab Fundamental U.S. Broad Market Index ETF	$6.53M	$5.81M	$4.99M

AVRY vs. FNDB - Yearly Performance Comparison

	2026 (YTD)
AVRY Avory Foundational ETF	1.54%
FNDB Schwab Fundamental U.S. Broad Market Index ETF	14.78%

Correlation

The correlation between AVRY and FNDB is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.46

AVRY vs. FNDB - Sectors Allocation Comparison

Sectors	AVRY	FNDB
Technology	42.6%	19.6%
Consumer Cyclical	21.5%	9.6%
Communication Services	11.5%	8.4%
Industrials	10.7%	10.3%
Financial Services	6.2%	14.8%
Healthcare	5.8%	12.7%
Utilities	1.8%	3.2%
Basic Materials	-	3.4%
Consumer Defensive	-	7.2%
Energy	-	8.3%
Real Estate	-	2.5%

Return for Risk

AVRY vs. FNDB — Risk / Return Rank

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

AVRY

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

FNDB

FNDB Risk / Return Rank: 95
FNDB Sharpe Ratio Rank: 96
FNDB Sortino Ratio Rank: 95
FNDB Omega Ratio Rank: 95
FNDB Calmar Ratio Rank: 94
FNDB Martin Ratio Rank: 94

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.

AVRY vs. FNDB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avory Foundational ETF (AVRY) 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.

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.

	AVRY	FNDB	Difference
Sharpe ratio: Return per unit of total volatility	—	3.10	—
Sortino ratio: Return per unit of downside risk	—	4.29	—
Omega ratio: Gain probability vs. loss probability	—	1.57	—
Calmar ratio: Return relative to maximum drawdown	—	5.26	—
Martin ratio: Return relative to average drawdown	—	20.73	—

Drawdowns

AVRY vs. FNDB - Drawdown Comparison

The maximum AVRY drawdown since its inception was -21.58%, smaller than the maximum FNDB drawdown of -38.17%. Use the drawdown chart below to compare losses from any high point for AVRY and FNDB.

Drawdown Indicators

	AVRY	FNDB	Difference
Max Drawdown Largest peak-to-trough decline	-21.58%	-38.17%	+16.59%
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	-1.24%	-0.47%	-0.77%
Average Drawdown Average peak-to-trough decline	-10.30%	-3.62%	-6.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.59%	—

Volatility

Volatility by Period

	AVRY	FNDB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.57%	10.70%	+16.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.57%	15.24%	+12.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.57%	17.43%	+10.14%

AVRY vs. FNDB - Expense Ratio Comparison

AVRY has a 0.89% expense ratio, which is higher than FNDB's 0.25% expense ratio.

Dividends

AVRY vs. FNDB - Dividend Comparison

AVRY has not paid dividends to shareholders, while FNDB's dividend yield for the trailing twelve months is around 1.41%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVRY Avory Foundational ETF	0.00%	0.00%	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	1.41%	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 AVRY and FNDB in my portfolio?

AVRY and FNDB have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVRY 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, AVRY or FNDB?

FNDB is cheaper with a 0.25% expense ratio, compared with 0.89% for AVRY.

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

FNDB has the higher dividend yield at 1.41%, compared with 0.00% for AVRY.

What is the main difference between AVRY and FNDB?

AVRY is categorized as Large Cap Blend Equities, while FNDB is Large Cap Value Equities. They also come from different issuers: Avory and Charles Schwab. Their fees differ too: 0.89% for AVRY and 0.25% for FNDB.