BKF vs. FNDE

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI BRIC ETF (BKF) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE).

BKF and FNDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKF is a passively managed fund by iShares that tracks the performance of the MSCI BRIC Index. It was launched on Nov 12, 2007. 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 BKF 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

BKF vs. FNDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI BRIC ETF (BKF) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). The values are adjusted to include any dividend payments, if applicable.

BKF vs. FNDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BKF iShares MSCI BRIC ETF	-7.17%	22.30%	9.24%	1.27%	-21.78%	-11.87%	16.52%	22.93%	-13.80%	41.80%
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	6.10%	29.46%	12.10%	14.99%	-15.58%	14.41%	-2.77%	19.75%	-10.37%	26.77%

Returns By Period

In the year-to-date period, BKF achieves a -7.17% return, which is significantly lower than FNDE's 6.10% return. Over the past 10 years, BKF has underperformed FNDE with an annualized return of 5.19%, while FNDE has yielded a comparatively higher 10.24% annualized return.

BKF

• 1D: 2.70%
• 1M: -6.83%
• YTD: -7.17%
• 6M: -9.08%
• 1Y: 3.52%
• 3Y*: 7.49%
• 5Y*: -3.24%
• 10Y*: 5.19%

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%

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

BKF vs. FNDE - Expense Ratio Comparison

BKF has a 0.69% expense ratio, which is higher than FNDE's 0.39% expense ratio.

BKF

iShares MSCI BRIC ETF

FNDE

Schwab Fundamental Emerging Markets Large Company Index ETF

Return for Risk

BKF vs. FNDE — Risk / Return Rank

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

BKF

BKF Risk / Return Rank: 17
BKF Sharpe Ratio Rank: 17
BKF Sortino Ratio Rank: 17
BKF Omega Ratio Rank: 17
BKF Calmar Ratio Rank: 17
BKF Martin Ratio Rank: 18

FNDE

FNDE Risk / Return Rank: 85
FNDE Sharpe Ratio Rank: 85
FNDE Sortino Ratio Rank: 86
FNDE Omega Ratio Rank: 87
FNDE Calmar Ratio Rank: 82
FNDE Martin Ratio Rank: 86

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.

BKF vs. FNDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI BRIC ETF (BKF) 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.

	BKF	FNDE	Difference
Sharpe ratio Return per unit of total volatility	0.20	1.67	-1.47
Sortino ratio Return per unit of downside risk	0.40	2.25	-1.85
Omega ratio Gain probability vs. loss probability	1.05	1.34	-0.29
Calmar ratio Return relative to maximum drawdown	0.25	2.16	-1.92
Martin ratio Return relative to average drawdown	0.85	9.71	-8.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKF vs. FNDE - Sharpe Ratio Comparison

The current BKF Sharpe Ratio is 0.20, which is lower than the FNDE Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of BKF and FNDE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BKF	FNDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	1.67	-1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	0.57	-0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.53	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.34	-0.34

Correlation

The correlation between BKF and FNDE is 0.88, 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

BKF vs. FNDE - Dividend Comparison

BKF's dividend yield for the trailing twelve months is around 1.93%, less than FNDE's 3.94% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKF iShares MSCI BRIC ETF	1.93%	1.79%	2.37%	1.68%	2.04%	2.93%	1.02%	1.66%	2.33%	1.51%	1.82%	3.15%
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

BKF vs. FNDE - Drawdown Comparison

The maximum BKF drawdown since its inception was -70.29%, which is greater than FNDE's maximum drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for BKF and FNDE.

Drawdown Indicators

	BKF	FNDE	Difference
Max Drawdown Largest peak-to-trough decline	-70.29%	-43.55%	-26.74%
Max Drawdown (1Y) Largest decline over 1 year	-13.43%	-13.72%	+0.29%
Max Drawdown (5Y) Largest decline over 5 years	-44.98%	-29.44%	-15.54%
Max Drawdown (10Y) Largest decline over 10 years	-49.20%	-39.93%	-9.27%
Current Drawdown Current decline from peak	-24.82%	-6.41%	-18.41%
Average Drawdown Average peak-to-trough decline	-28.16%	-11.84%	-16.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.91%	3.06%	+0.85%

Volatility

BKF vs. FNDE - Volatility Comparison

The current volatility for iShares MSCI BRIC ETF (BKF) is 7.23%, while Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) has a volatility of 7.66%. This indicates that BKF experiences smaller price fluctuations and is considered to be less risky than FNDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKF	FNDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	7.66%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	11.53%	11.93%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	18.02%	17.79%	+0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.48%	16.87%	+4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.79%	19.41%	+2.38%