AVRY vs. FNDX

Last updated Jun 4, 2026

AVRY (Avory Foundational ETF) and FNDX (Schwab Fundamental U.S. Large Company Index ETF) are both exchange-traded funds - AVRY is a Large Cap Blend Equities fund actively managed by Avory & Co., while FNDX is a Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US Large Index. AVRY is actively managed, while FNDX is passively managed. At a 0.42 correlation, their price movements are largely independent. AVRY charges 0.89%/yr vs 0.25%/yr for FNDX.

Performance

AVRY vs. FNDX - Performance Comparison

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

Returns By Period

AVRY

• 1D: -2.89%
• 1M: -0.52%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNDX

• 1D: 0.68%
• 1M: 3.54%
• YTD: 15.35%
• 6M: 15.57%
• 1Y: 33.72%
• 3Y*: 21.32%
• 5Y*: 12.98%
• 10Y*: 14.27%

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

AVRY vs. FNDX - Yearly Performance Comparison

	2026 (YTD)
AVRY Avory Foundational ETF	-7.09%
FNDX Schwab Fundamental U.S. Large Company Index ETF	10.71%

Correlation

The correlation between AVRY and FNDX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026	0.42

AVRY vs. FNDX - Sectors Allocation Comparison

Sectors	AVRY	FNDX
Technology	40.3%	19.1%
Consumer Cyclical	21.8%	9.2%
Communication Services	13.8%	10.1%
Industrials	8.8%	9.3%
Financial Services	7.5%	14.1%
Healthcare	5.8%	12.0%
Utilities	2.0%	3.2%
Basic Materials	-	3.7%
Consumer Defensive	-	7.4%
Energy	-	10.3%
Real Estate	-	1.8%

Return for Risk

AVRY vs. FNDX — Risk / Return Rank

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

FNDX

FNDX Risk / Return Rank: 92
FNDX Sharpe Ratio Rank: 92
FNDX Sortino Ratio Rank: 93
FNDX Omega Ratio Rank: 92
FNDX Calmar Ratio Rank: 90
FNDX Martin Ratio Rank: 91

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.

AVRY vs. FNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avory Foundational ETF (AVRY) and Schwab Fundamental U.S. Large Company Index ETF (FNDX). 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

	AVRY	FNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.32	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.64	0.80	-1.43

Drawdowns

AVRY vs. FNDX - Drawdown Comparison

The maximum AVRY drawdown since its inception was -21.58%, smaller than the maximum FNDX drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for AVRY and FNDX.

Drawdown Indicators

	AVRY	FNDX	Difference
Max Drawdown Largest peak-to-trough decline	-21.58%	-37.72%	+16.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.06%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.72%	—
Current Drawdown Current decline from peak	-8.49%	0.00%	-8.49%
Average Drawdown Average peak-to-trough decline	-11.91%	-3.55%	-8.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.55%	—

Volatility

Volatility by Period

	AVRY	FNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.05%	10.22%	+18.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.05%	15.18%	+13.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.05%	17.50%	+11.55%

AVRY vs. FNDX - Expense Ratio Comparison

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

Dividends

AVRY vs. FNDX - Dividend Comparison

AVRY has not paid dividends to shareholders, while FNDX's dividend yield for the trailing twelve months is around 1.44%.

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%
FNDX Schwab Fundamental U.S. Large Company Index ETF	1.44%	1.63%	1.76%	1.82%	2.07%	1.64%	2.29%	2.23%	2.40%	1.86%	2.01%	2.01%

Frequently Asked Questions

Can I hold both AVRY and FNDX in my portfolio?

AVRY and FNDX have a correlation of 0.42, 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 FNDX?

On fees, FNDX 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 FNDX?

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

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

FNDX has the higher dividend yield at 1.44%, compared with 0.00% for AVRY.

What is the main difference between AVRY and FNDX?

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