BUYB.L vs. FNDF

Last updated Jun 4, 2026

BUYB.L (Invesco Global Buyback Achievers UCITS ETF) and FNDF (Schwab Fundamental International Large Company Index ETF) are both exchange-traded funds - BUYB.L is a Global Equities fund tracking the MSCI ACWI NR USD, while FNDF is a Foreign Large Cap Equities fund tracking the Russell Fundamental Developed ex-U.S. Large Company Index. Both are passively managed. Over the past 10 years, BUYB.L returned 12.23%/yr vs 11.93%/yr for FNDF. A 0.61 correlation means they provide meaningful diversification when combined. BUYB.L charges 0.39%/yr vs 0.25%/yr for FNDF.

Performance

BUYB.L vs. FNDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Buyback Achievers UCITS ETF (BUYB.L) and Schwab Fundamental International Large Company Index ETF (FNDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUYB.L achieves a 5.15% return, which is significantly lower than FNDF's 21.21% return. Both investments have delivered pretty close results over the past 10 years, with BUYB.L having a 12.23% annualized return and FNDF not far behind at 11.93%.

BUYB.L

• 1D: -0.59%
• 1M: -0.48%
• YTD: 5.15%
• 6M: 8.31%
• 1Y: 23.43%
• 3Y*: 21.39%
• 5Y*: 9.61%
• 10Y*: 12.23%

FNDF

• 1D: -0.67%
• 1M: 6.97%
• YTD: 21.21%
• 6M: 24.72%
• 1Y: 44.71%
• 3Y*: 24.10%
• 5Y*: 13.35%
• 10Y*: 11.93%

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

BUYB.L vs. FNDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BUYB.L Invesco Global Buyback Achievers UCITS ETF	5.15%	30.80%	12.99%	15.60%	-11.41%	19.77%	12.17%	29.44%	-14.23%	21.28%
FNDF Schwab Fundamental International Large Company Index ETF	21.21%	40.99%	2.29%	20.22%	-7.78%	14.97%	3.61%	18.46%	-14.21%	23.98%

Correlation

The correlation between BUYB.L and FNDF is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Oct 29, 2014	0.61

The correlation between BUYB.L and FNDF has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.

BUYB.L vs. FNDF - Sectors Allocation Comparison

Sectors	BUYB.L	FNDF
Financial Services	32.9%	16.7%
Energy	17.1%	12.3%
Consumer Cyclical	15.8%	10.7%
Industrials	11.0%	15.9%
Technology	7.6%	11.1%
Healthcare	5.5%	5.5%
Communication Services	4.1%	4.9%
Utilities	2.2%	3.8%
Consumer Defensive	1.9%	6.9%
Basic Materials	1.4%	11.3%
Real Estate	0.5%	0.9%

Return for Risk

BUYB.L vs. FNDF — Risk / Return Rank

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

BUYB.L

BUYB.L Risk / Return Rank: 61
BUYB.L Sharpe Ratio Rank: 57
BUYB.L Sortino Ratio Rank: 61
BUYB.L Omega Ratio Rank: 55
BUYB.L Calmar Ratio Rank: 70
BUYB.L Martin Ratio Rank: 62

FNDF

FNDF Risk / Return Rank: 84
FNDF Sharpe Ratio Rank: 88
FNDF Sortino Ratio Rank: 85
FNDF Omega Ratio Rank: 85
FNDF Calmar Ratio Rank: 80
FNDF Martin Ratio Rank: 80

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.

BUYB.L vs. FNDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Buyback Achievers UCITS ETF (BUYB.L) and Schwab Fundamental International Large Company Index ETF (FNDF). 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.

	BUYB.L	FNDF	Difference
Sharpe ratio: Return per unit of total volatility	1.95	2.99	-1.04
Sortino ratio: Return per unit of downside risk	2.88	3.89	-1.01
Omega ratio: Gain probability vs. loss probability	1.34	1.53	-0.19
Calmar ratio: Return relative to maximum drawdown	3.50	4.24	-0.74
Martin ratio: Return relative to average drawdown	11.25	16.19	-4.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUYB.L vs. FNDF - Sharpe Ratio Comparison

The current BUYB.L Sharpe Ratio is 1.95, which is lower than the FNDF Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of BUYB.L and FNDF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BUYB.L	FNDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	2.99	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.83	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.68	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.54	+0.14

Drawdowns

BUYB.L vs. FNDF - Drawdown Comparison

The maximum BUYB.L drawdown since its inception was -38.99%, roughly equal to the maximum FNDF drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for BUYB.L and FNDF.

Drawdown Indicators

	BUYB.L	FNDF	Difference
Max Drawdown Largest peak-to-trough decline	-38.99%	-40.14%	+1.15%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-10.60%	+3.93%
Max Drawdown (3Y) Largest decline over 3 years	-16.63%	-13.89%	-2.74%
Max Drawdown (5Y) Largest decline over 5 years	-26.43%	-25.56%	-0.87%
Max Drawdown (10Y) Largest decline over 10 years	-38.99%	-40.14%	+1.15%
Current Drawdown Current decline from peak	-1.25%	-0.67%	-0.58%
Average Drawdown Average peak-to-trough decline	-5.73%	-7.64%	+1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.77%	-0.69%

Volatility

BUYB.L vs. FNDF - Volatility Comparison

The current volatility for Invesco Global Buyback Achievers UCITS ETF (BUYB.L) is 3.20%, while Schwab Fundamental International Large Company Index ETF (FNDF) has a volatility of 5.26%. This indicates that BUYB.L experiences smaller price fluctuations and is considered to be less risky than FNDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUYB.L	FNDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	5.26%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	8.85%	12.53%	-3.68%
Volatility (1Y) Calculated over the trailing 1-year period	12.01%	15.06%	-3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	16.18%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	17.67%	-0.69%

BUYB.L vs. FNDF - Expense Ratio Comparison

BUYB.L has a 0.39% expense ratio, which is higher than FNDF's 0.25% expense ratio.

Dividends

BUYB.L vs. FNDF - Dividend Comparison

BUYB.L's dividend yield for the trailing twelve months is around 1.71%, less than FNDF's 2.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUYB.L Invesco Global Buyback Achievers UCITS ETF	1.71%	1.85%	1.84%	1.71%	1.92%	1.22%	1.51%	1.84%	1.35%	1.18%	1.72%	1.30%
FNDF Schwab Fundamental International Large Company Index ETF	2.84%	3.44%	4.01%	3.41%	3.10%	3.54%	2.17%	3.20%	3.47%	2.32%	2.42%	2.08%

Frequently Asked Questions

Can I hold both BUYB.L and FNDF in my portfolio?

BUYB.L and FNDF have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BUYB.L or FNDF?

On fees, FNDF is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BUYB.L or FNDF?

FNDF is cheaper with a 0.25% expense ratio, compared with 0.39% for BUYB.L.

What is the main difference between BUYB.L and FNDF?

BUYB.L is categorized as Global Equities, while FNDF is Foreign Large Cap Equities. BUYB.L tracks MSCI ACWI NR USD, while FNDF tracks Russell Fundamental Developed ex-U.S. Large Company Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.39% for BUYB.L and 0.25% for FNDF.