AVXC vs. FNDE
Compare and contrast key facts about Avantis Emerging Markets ex-China Equity ETF (AVXC) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE).
AVXC and FNDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVXC is a passively managed fund by Avantis Investors that tracks the performance of the MSCI Emerging Markets IMI. It was launched on Mar 19, 2024. FNDE is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Emerging Markets Large Company Index. It was launched on Aug 15, 2013. Both AVXC and FNDE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
AVXC vs. FNDE - Performance Comparison
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AVXC vs. FNDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVXC Avantis Emerging Markets ex-China Equity ETF | 6.08% | 31.45% | -0.80% |
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 6.10% | 29.46% | 9.59% |
Returns By Period
The year-to-date returns for both investments are quite close, with AVXC having a 6.08% return and FNDE slightly higher at 6.10%.
AVXC
- 1D
- 3.79%
- 1M
- -10.21%
- YTD
- 6.08%
- 6M
- 14.48%
- 1Y
- 42.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNDE
- 1D
- 2.71%
- 1M
- -5.06%
- YTD
- 6.10%
- 6M
- 9.65%
- 1Y
- 29.56%
- 3Y*
- 18.98%
- 5Y*
- 9.51%
- 10Y*
- 10.24%
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AVXC vs. FNDE - Expense Ratio Comparison
AVXC has a 0.33% expense ratio, which is lower than FNDE's 0.39% expense ratio.
Return for Risk
AVXC vs. FNDE — Risk / Return Rank
AVXC
FNDE
AVXC vs. FNDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets ex-China Equity ETF (AVXC) and Schwab Fundamental Emerging Markets Large Company Index 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.
| AVXC | FNDE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.18 | 1.67 | +0.51 |
Sortino ratioReturn per unit of downside risk | 2.82 | 2.25 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.34 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.94 | 2.16 | +0.77 |
Martin ratioReturn relative to average drawdown | 12.26 | 9.71 | +2.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVXC | FNDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 1.67 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.34 | +0.67 |
Correlation
The correlation between AVXC and FNDE is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AVXC vs. FNDE - Dividend Comparison
AVXC's dividend yield for the trailing twelve months is around 1.89%, less than FNDE's 3.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVXC Avantis Emerging Markets ex-China Equity ETF | 1.89% | 1.97% | 1.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 3.94% | 4.19% | 4.82% | 4.74% | 5.59% | 4.32% | 2.50% | 3.47% | 2.98% | 2.05% | 1.65% | 2.02% |
Drawdowns
AVXC vs. FNDE - Drawdown Comparison
The maximum AVXC drawdown since its inception was -20.44%, smaller than the maximum FNDE drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for AVXC and FNDE.
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Drawdown Indicators
| AVXC | FNDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.44% | -43.55% | +23.11% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -13.72% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.93% | — |
Current DrawdownCurrent decline from peak | -10.78% | -6.41% | -4.37% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -11.84% | +7.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 3.06% | +0.30% |
Volatility
AVXC vs. FNDE - Volatility Comparison
Avantis Emerging Markets ex-China Equity ETF (AVXC) has a higher volatility of 10.67% compared to Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) at 7.66%. This indicates that AVXC's price experiences larger fluctuations and is considered to be riskier than FNDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVXC | FNDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.67% | 7.66% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 11.93% | +2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.40% | 17.79% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 16.87% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 19.41% | -2.14% |