BTR vs. FNDX

Last updated Jul 12, 2026

BTR (Beacon Tactical Risk ETF) and FNDX (Schwab Fundamental U.S. Large Company Index ETF) are both exchange-traded funds - BTR is a Large Cap Blend Equities fund actively managed by American Beacon, while FNDX is a Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US Large Index. BTR is actively managed, while FNDX is passively managed. Over the past 3 years, BTR returned 5.01%/yr vs 19.80%/yr for FNDX. Their correlation of 0.81 suggests significant overlap in exposure. BTR charges 1.10%/yr vs 0.25%/yr for FNDX.

Performance

BTR vs. FNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Beacon Tactical Risk ETF (BTR) 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, BTR achieves a 9.98% return, which is significantly lower than FNDX's 16.34% return.

BTR

• 1D: 0.44%
• 1M: 0.95%
• 6M: 7.09%
• YTD: 9.98%
• 1Y: 16.71%
• 3Y*: 5.01%
• 5Y*: —
• 10Y*: —

FNDX

• 1D: 0.32%
• 1M: 0.74%
• 6M: 12.58%
• YTD: 16.34%
• 1Y: 28.19%
• 3Y*: 19.80%
• 5Y*: 13.47%
• 10Y*: 14.06%

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

BTR vs. FNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BTR Beacon Tactical Risk ETF	9.98%	-2.15%	14.45%	-6.78%
FNDX Schwab Fundamental U.S. Large Company Index ETF	16.34%	16.94%	16.77%	12.74%

Correlation

The correlation between BTR and FNDX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	0.81

The correlation between BTR and FNDX shifts across timeframes, from 0.81 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.

BTR vs. FNDX - Sectors Allocation Comparison

Sectors	BTR	FNDX
Technology	12.7%	22.1%
Energy	10.4%	9.3%
Consumer Cyclical	9.5%	9.1%
Communication Services	9.3%	9.9%
Industrials	9.2%	9.1%
Healthcare	8.8%	11.9%
Utilities	8.4%	3.0%
Basic Materials	8.4%	3.6%
Real Estate	8.2%	1.7%
Consumer Defensive	7.8%	7.0%
Financial Services	7.2%	13.3%

Return for Risk

BTR vs. FNDX — Risk / Return Rank

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

BTR

BTR Risk / Return Rank: 65
BTR Sharpe Ratio Rank: 63
BTR Sortino Ratio Rank: 63
BTR Omega Ratio Rank: 63
BTR Calmar Ratio Rank: 66
BTR Martin Ratio Rank: 69

FNDX

FNDX Risk / Return Rank: 92
FNDX Sharpe Ratio Rank: 93
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.

BTR vs. FNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Beacon Tactical Risk ETF (BTR) 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.

	BTR	FNDX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.68	-1.02
Sortino ratio: Return per unit of downside risk	2.34	3.74	-1.40
Omega ratio: Gain probability vs. loss probability	1.30	1.49	-0.19
Calmar ratio: Return relative to maximum drawdown	2.62	4.56	-1.94
Martin ratio: Return relative to average drawdown	10.07	17.64	-7.57

BTR vs. FNDX - Sharpe Ratio Comparison

The current BTR Sharpe Ratio is 1.66, which is lower than the FNDX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of BTR 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

BTR vs. FNDX - Drawdown Comparison

The maximum BTR drawdown since its inception was -16.67%, smaller than the maximum FNDX drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for BTR and FNDX.

Drawdown Indicators

	BTR	FNDX	Difference
Max Drawdown Largest peak-to-trough decline	-16.67%	-37.72%	+21.05%
Max Drawdown (1Y) Largest decline over 1 year	-6.23%	-6.06%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	-16.67%	-16.30%	-0.37%
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	-0.11%	0.00%	-0.11%
Average Drawdown Average peak-to-trough decline	-5.43%	-3.54%	-1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.57%	+0.05%

Volatility

BTR vs. FNDX - Volatility Comparison

The current volatility for Beacon Tactical Risk ETF (BTR) is 2.62%, while Schwab Fundamental U.S. Large Company Index ETF (FNDX) has a volatility of 2.80%. This indicates that BTR experiences smaller price fluctuations and is considered to be less risky than FNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTR	FNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	2.80%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	7.24%	7.47%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	9.87%	10.33%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.86%	15.13%	-4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.86%	17.43%	-6.57%

BTR vs. FNDX - Expense Ratio Comparison

BTR has a 1.10% expense ratio, which is higher than FNDX's 0.25% expense ratio.

Dividends

BTR vs. FNDX - Dividend Comparison

BTR's dividend yield for the trailing twelve months is around 1.17%, less than FNDX's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTR Beacon Tactical Risk ETF	1.17%	1.29%	0.87%	0.91%	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	1.47%	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 BTR and FNDX in my portfolio?

With a correlation of 0.93, BTR and FNDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BTR or FNDX?

FNDX has higher volatility (2.80%) compared to BTR (2.62%). In terms of maximum drawdown, BTR dropped -16.67% vs FNDX's -37.72%.

Which ETF is better, BTR or FNDX?

On 3-year performance, FNDX leads with 19.80% vs 5.01% for BTR. On fees, FNDX is cheaper at 0.25% per year. On volatility, BTR has been the lower-risk option at 2.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTR or FNDX?

Over the 3-year period, FNDX has performed better with a 19.80% return vs 5.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTR or FNDX?

FNDX is cheaper with a 0.25% expense ratio, compared with 1.10% for BTR.

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

FNDX has the higher dividend yield at 1.47%, compared with 1.17% for BTR.

What is the main difference between BTR and FNDX?

BTR is categorized as Large Cap Blend Equities, while FNDX is Large Cap Value Equities. They also come from different issuers: American Beacon and Charles Schwab. Their fees differ too: 1.10% for BTR and 0.25% for FNDX.

Which has better risk-adjusted returns?

FNDX currently has the higher Sharpe Ratio (2.68 vs 1.66), 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.