AVUV vs. FNDX

Last updated Jun 14, 2026

AVUV (Avantis US Small Cap Value ETF) and FNDX (Schwab Fundamental U.S. Large Company Index ETF) are both exchange-traded funds - AVUV is a Small Cap Value Equities fund actively managed by Avantis, while FNDX is a Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US Large Index. AVUV is actively managed, while FNDX is passively managed. Over the past 5 years, AVUV returned 11.57%/yr vs 13.11%/yr for FNDX. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

AVUV vs. FNDX - Performance Comparison

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

Returns By Period

In the year-to-date period, AVUV achieves a 22.73% return, which is significantly higher than FNDX's 15.49% return.

AVUV

• 1D: 0.96%
• 1M: 6.47%
• YTD: 22.73%
• 6M: 19.51%
• 1Y: 42.12%
• 3Y*: 19.24%
• 5Y*: 11.57%
• 10Y*: —

FNDX

• 1D: 0.90%
• 1M: 3.30%
• YTD: 15.49%
• 6M: 14.86%
• 1Y: 32.83%
• 3Y*: 20.28%
• 5Y*: 13.11%
• 10Y*: 14.45%

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

AVUV vs. FNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	22.73%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.54%
FNDX Schwab Fundamental U.S. Large Company Index ETF	15.49%	16.94%	16.77%	18.23%	-6.92%	31.73%	9.12%	8.66%

Correlation

The correlation between AVUV and FNDX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.89

The correlation between AVUV and FNDX has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

AVUV vs. FNDX - Sectors Allocation Comparison

Sectors	AVUV	FNDX
Financial Services	26.1%	13.3%
Consumer Cyclical	18.7%	9.1%
Energy	15.8%	9.3%
Industrials	13.6%	9.1%
Technology	7.4%	22.1%
Basic Materials	5.1%	3.6%
Healthcare	4.8%	11.9%
Consumer Defensive	4.7%	7.0%
Communication Services	3.1%	9.9%
Real Estate	0.7%	1.7%
Utilities	0.1%	3.0%

Return for Risk

AVUV vs. FNDX — Risk / Return Rank

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

AVUV

AVUV Risk / Return Rank: 84
AVUV Sharpe Ratio Rank: 83
AVUV Sortino Ratio Rank: 84
AVUV Omega Ratio Rank: 77
AVUV Calmar Ratio Rank: 91
AVUV Martin Ratio Rank: 85

FNDX

FNDX Risk / Return Rank: 93
FNDX Sharpe Ratio Rank: 94
FNDX Sortino Ratio Rank: 93
FNDX Omega Ratio Rank: 92
FNDX Calmar Ratio Rank: 91
FNDX Martin Ratio Rank: 92

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.

AVUV vs. FNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis US Small Cap Value ETF (AVUV) 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.

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.

	AVUV	FNDX	Difference
Sharpe ratio: Return per unit of total volatility	2.28	3.03	-0.75
Sortino ratio: Return per unit of downside risk	3.24	4.21	-0.97
Omega ratio: Gain probability vs. loss probability	1.39	1.56	-0.16
Calmar ratio: Return relative to maximum drawdown	5.06	5.23	-0.16
Martin ratio: Return relative to average drawdown	15.09	20.31	-5.22

AVUV vs. FNDX - Sharpe Ratio Comparison

The current AVUV Sharpe Ratio is 2.28, which is comparable to the FNDX Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of AVUV and FNDX, 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

AVUV vs. FNDX - Drawdown Comparison

The maximum AVUV drawdown since its inception was -49.42%, which is greater than FNDX's maximum drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for AVUV and FNDX.

Drawdown Indicators

	AVUV	FNDX	Difference
Max Drawdown Largest peak-to-trough decline	-49.42%	-37.72%	-11.70%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-6.06%	-1.89%
Max Drawdown (3Y) Largest decline over 3 years	-28.79%	-16.30%	-12.49%
Max Drawdown (5Y) Largest decline over 5 years	-28.79%	-19.06%	-9.73%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.72%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.91%	-3.55%	-4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	1.56%	+1.11%

Volatility

AVUV vs. FNDX - Volatility Comparison

Avantis US Small Cap Value ETF (AVUV) has a higher volatility of 4.53% compared to Schwab Fundamental U.S. Large Company Index ETF (FNDX) at 3.18%. This indicates that AVUV's price experiences larger fluctuations and is considered to be riskier than FNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVUV	FNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	3.18%	+1.35%
Volatility (6M) Calculated over the trailing 6-month period	11.34%	7.58%	+3.76%
Volatility (1Y) Calculated over the trailing 1-year period	17.63%	10.45%	+7.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.75%	15.21%	+7.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.26%	17.51%	+10.75%

AVUV vs. FNDX - Expense Ratio Comparison

Both AVUV and FNDX have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AVUV vs. FNDX - Dividend Comparison

AVUV's dividend yield for the trailing twelve months is around 1.61%, more than FNDX's 1.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUV Avantis US Small Cap Value ETF	1.61%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	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 AVUV and FNDX in my portfolio?

AVUV and FNDX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVUV or FNDX?

AVUV has higher volatility (4.53%) compared to FNDX (3.18%). In terms of maximum drawdown, AVUV dropped -49.42% vs FNDX's -37.72%.

Which ETF is better, AVUV or FNDX?

On 5-year performance, FNDX leads with 13.11% vs 11.57% for AVUV. Both ETFs have the same 0.25% expense ratio. On volatility, FNDX has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVUV or FNDX?

Over the 5-year period, FNDX has performed better with a 13.11% return vs 11.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVUV or FNDX?

AVUV and FNDX have the same expense ratio: 0.25% per year.

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

AVUV has the higher dividend yield at 1.61%, compared with 1.44% for FNDX.

What is the main difference between AVUV and FNDX?

AVUV is categorized as Small Cap Value Equities, while FNDX is Large Cap Value Equities. They also come from different issuers: Avantis and Charles Schwab.

Which has better risk-adjusted returns?

FNDX currently has the higher Sharpe Ratio (3.03 vs 2.28), 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.