DAK vs. FNDX

Last updated Jun 6, 2026

DAK (Dakota Active Equity ETF) and FNDX (Schwab Fundamental U.S. Large Company Index ETF) are both exchange-traded funds - DAK is a Large Cap Blend Equities fund actively managed by Dakota Wealth, while FNDX is a Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US Large Index. DAK is actively managed, while FNDX is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. DAK charges 0.43%/yr vs 0.25%/yr for FNDX.

Performance

DAK vs. FNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dakota Active Equity ETF (DAK) 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, DAK achieves a 8.35% return, which is significantly lower than FNDX's 13.43% return.

DAK

• 1D: -2.28%
• 1M: 0.23%
• YTD: 8.35%
• 6M: 8.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNDX

• 1D: -1.66%
• 1M: 1.12%
• YTD: 13.43%
• 6M: 13.56%
• 1Y: 31.89%
• 3Y*: 20.40%
• 5Y*: 12.60%
• 10Y*: 14.02%

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

DAK vs. FNDX - Yearly Performance Comparison

	2026 (YTD)	2025
DAK Dakota Active Equity ETF	8.35%	7.36%
FNDX Schwab Fundamental U.S. Large Company Index ETF	13.43%	10.32%

Correlation

The correlation between DAK and FNDX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.86

Return for Risk

DAK vs. FNDX — Risk / Return Rank

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

FNDX

FNDX Risk / Return Rank: 90
FNDX Sharpe Ratio Rank: 91
FNDX Sortino Ratio Rank: 92
FNDX Omega Ratio Rank: 90
FNDX Calmar Ratio Rank: 89
FNDX Martin Ratio Rank: 90

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.

DAK vs. FNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dakota Active Equity ETF (DAK) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DAK	FNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	0.79	+0.93

Drawdowns

DAK vs. FNDX - Drawdown Comparison

The maximum DAK drawdown since its inception was -7.87%, smaller than the maximum FNDX drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for DAK and FNDX.

Drawdown Indicators

	DAK	FNDX	Difference
Max Drawdown Largest peak-to-trough decline	-7.87%	-37.72%	+29.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.06%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.30%	—
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	-2.36%	-1.66%	-0.70%
Average Drawdown Average peak-to-trough decline	-1.08%	-3.55%	+2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.55%	—

Volatility

Volatility by Period

	DAK	FNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	10.36%	+1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.39%	15.19%	-3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	17.50%	-6.11%

DAK vs. FNDX - Expense Ratio Comparison

DAK has a 0.43% expense ratio, which is higher than FNDX's 0.25% expense ratio.

Dividends

DAK vs. FNDX - Dividend Comparison

DAK's dividend yield for the trailing twelve months is around 0.56%, less than FNDX's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAK Dakota Active Equity ETF	0.56%	0.42%	0.00%	0.00%	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	1.46%	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 DAK and FNDX in my portfolio?

DAK and FNDX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DAK or FNDX?

On fees, FNDX 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, DAK or FNDX?

FNDX is cheaper with a 0.25% expense ratio, compared with 0.43% for DAK.

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

FNDX has the higher dividend yield at 1.46%, compared with 0.56% for DAK.

What is the main difference between DAK and FNDX?

DAK is categorized as Large Cap Blend Equities, while FNDX is Large Cap Value Equities. They also come from different issuers: Dakota Wealth and Charles Schwab. Their fees differ too: 0.43% for DAK and 0.25% for FNDX.