BOND vs. FNDE
BOND (PIMCO Active Bond ETF) and FNDE (Schwab Fundamental Emerging Markets Equity ETF) are both exchange-traded funds - BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO, while FNDE is a Emerging Markets Equities fund tracking the RAFI Fundamental High Liquidity Emerging Markets Index (Net). BOND is actively managed, while FNDE is passively managed. Over the past 10 years, BOND returned 2.17%/yr vs 11.35%/yr for FNDE. At a 0.03 correlation, their price movements are largely independent. BOND charges 0.54%/yr vs 0.39%/yr for FNDE.
Performance
BOND vs. FNDE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BOND achieves a 0.79% return, which is significantly lower than FNDE's 13.70% return. Over the past 10 years, BOND has underperformed FNDE with an annualized return of 2.17%, while FNDE has yielded a comparatively higher 11.35% annualized return.
BOND
- 1D
- -0.04%
- 1M
- 0.57%
- YTD
- 0.79%
- 6M
- 1.33%
- 1Y
- 6.34%
- 3Y*
- 5.25%
- 5Y*
- 0.44%
- 10Y*
- 2.17%
FNDE
- 1D
- 0.66%
- 1M
- -0.36%
- YTD
- 13.70%
- 6M
- 15.79%
- 1Y
- 31.37%
- 3Y*
- 19.78%
- 5Y*
- 9.29%
- 10Y*
- 11.35%
BOND vs. FNDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 0.79% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
FNDE Schwab Fundamental Emerging Markets Equity ETF | 13.70% | 29.46% | 12.10% | 14.99% | -15.58% | 14.41% | -2.77% | 19.75% | -10.37% | 26.77% |
Correlation
The correlation between BOND and FNDE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013 | 0.03 |
Over the past year, BOND and FNDE have become more correlated (0.35) than their long-term average of 0.03, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BOND vs. FNDE — Risk / Return Rank
BOND
FNDE
BOND vs. FNDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) and Schwab Fundamental Emerging Markets Equity 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.
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.
| BOND | FNDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.35 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.93 | -0.96 |
| Martin ratioReturn relative to average drawdown | 6.03 | 10.67 | -4.64 |
Loading charts...
Drawdowns
BOND vs. FNDE - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, smaller than the maximum FNDE drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for BOND and FNDE.
Loading charts...
Drawdown Indicators
| BOND | FNDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -43.55% | +23.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -10.23% | +7.22% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -18.40% | +12.28% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -29.44% | +9.73% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | -39.93% | +20.22% |
Current DrawdownCurrent decline from peak | -1.27% | -3.19% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -11.69% | +8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.80% | -1.82% |
Volatility
BOND vs. FNDE - Volatility Comparison
The current volatility for PIMCO Active Bond ETF (BOND) is 1.51%, while Schwab Fundamental Emerging Markets Equity ETF (FNDE) has a volatility of 6.30%. This indicates that BOND 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.
Loading charts...
Volatility by Period
| BOND | FNDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 6.30% | -4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 13.07% | -10.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 15.61% | -11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 17.01% | -11.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 19.30% | -14.21% |
BOND vs. FNDE - Expense Ratio Comparison
BOND has a 0.54% expense ratio, which is higher than FNDE's 0.39% expense ratio.
Dividends
BOND vs. FNDE - Dividend Comparison
BOND's dividend yield for the trailing twelve months is around 5.17%, more than FNDE's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 5.17% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
FNDE Schwab Fundamental Emerging Markets Equity ETF | 3.68% | 4.19% | 4.82% | 4.74% | 5.59% | 4.32% | 2.50% | 3.47% | 2.98% | 2.05% | 1.65% | 2.02% |
Frequently Asked Questions
BOND and FNDE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNDE has higher volatility (6.30%) compared to BOND (1.51%). In terms of maximum drawdown, BOND dropped -19.71% vs FNDE's -43.55%.
On 10-year performance, FNDE leads with 11.35% vs 2.17% for BOND. On fees, FNDE is cheaper at 0.39% per year. On volatility, BOND has been the lower-risk option at 1.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FNDE has performed better with a 11.35% return vs 2.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNDE is cheaper with a 0.39% expense ratio, compared with 0.54% for BOND.
BOND has the higher dividend yield at 5.17%, compared with 3.68% for FNDE.
BOND is categorized as Intermediate Core-Plus Bond, while FNDE is Emerging Markets Equities. They also come from different issuers: PIMCO and Charles Schwab. Their fees differ too: 0.54% for BOND and 0.39% for FNDE.
FNDE currently has the higher Sharpe Ratio (1.92 vs 1.50), 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.
Find the right allocation for BOND and FNDE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer