FNDA vs. BSMIX
FNDA (Schwab Fundamental US Small Co. Index ETF) and BSMIX (iShares Russell Small/Mid-Cap Index Fund) are both Small Cap Blend Equities funds. Over the past 10 years, FNDA returned 11.40%/yr vs 12.37%/yr for BSMIX. With a 0.96 correlation, they move nearly in lockstep. FNDA charges 0.25%/yr vs 0.12%/yr for BSMIX.
Performance
FNDA vs. BSMIX - Performance Comparison
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Returns By Period
In the year-to-date period, FNDA achieves a 17.04% return, which is significantly lower than BSMIX's 21.86% return. Over the past 10 years, FNDA has underperformed BSMIX with an annualized return of 11.40%, while BSMIX has yielded a comparatively higher 12.37% annualized return.
FNDA
- 1D
- -0.46%
- 1M
- 3.11%
- YTD
- 17.04%
- 6M
- 15.17%
- 1Y
- 31.82%
- 3Y*
- 16.60%
- 5Y*
- 7.48%
- 10Y*
- 11.40%
BSMIX
- 1D
- 0.77%
- 1M
- 4.80%
- YTD
- 21.86%
- 6M
- 19.38%
- 1Y
- 38.49%
- 3Y*
- 19.63%
- 5Y*
- 8.21%
- 10Y*
- 12.37%
FNDA vs. BSMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNDA Schwab Fundamental US Small Co. Index ETF | 17.04% | 7.44% | 9.00% | 20.29% | -14.83% | 31.12% | 8.44% | 24.34% | -12.12% | 12.68% |
BSMIX iShares Russell Small/Mid-Cap Index Fund | 21.86% | 11.92% | 12.04% | 17.15% | -18.39% | 18.00% | 20.28% | 27.62% | -10.22% | 16.75% |
Correlation
The correlation between FNDA and BSMIX is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.96 |
The correlation between FNDA and BSMIX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
FNDA vs. BSMIX — Risk / Return Rank
FNDA
BSMIX
FNDA vs. BSMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental US Small Co. Index ETF (FNDA) and iShares Russell Small/Mid-Cap Index Fund (BSMIX). 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.
| FNDA | BSMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.38 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 4.25 | -0.84 |
| Martin ratioReturn relative to average drawdown | 11.04 | 16.06 | -5.02 |
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Drawdowns
FNDA vs. BSMIX - Drawdown Comparison
The maximum FNDA drawdown since its inception was -44.64%, which is greater than BSMIX's maximum drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for FNDA and BSMIX.
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Drawdown Indicators
| FNDA | BSMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.64% | -41.32% | -3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -9.39% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -25.92% | -25.49% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -25.92% | -28.33% | +2.41% |
Max Drawdown (10Y)Largest decline over 10 years | -44.64% | -41.32% | -3.32% |
Current DrawdownCurrent decline from peak | -1.13% | 0.00% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -7.38% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.48% | +0.41% |
Volatility
FNDA vs. BSMIX - Volatility Comparison
The current volatility for Schwab Fundamental US Small Co. Index ETF (FNDA) is 4.97%, while iShares Russell Small/Mid-Cap Index Fund (BSMIX) has a volatility of 6.00%. This indicates that FNDA experiences smaller price fluctuations and is considered to be less risky than BSMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNDA | BSMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 6.00% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 13.47% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 17.86% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.89% | 21.28% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.36% | 21.76% | +0.60% |
FNDA vs. BSMIX - Expense Ratio Comparison
FNDA has a 0.25% expense ratio, which is higher than BSMIX's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FNDA vs. BSMIX - Dividend Comparison
FNDA's dividend yield for the trailing twelve months is around 1.07%, less than BSMIX's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMIX iShares Russell Small/Mid-Cap Index Fund | 2.37% | 2.90% | 2.04% | 1.37% | 4.94% | 4.77% | 4.42% | 2.83% | 4.33% | 2.83% | 1.45% | 0.00% |
FNDA Schwab Fundamental US Small Co. Index ETF | 1.07% | 1.22% | 1.53% | 1.37% | 1.38% | 1.15% | 1.31% | 1.38% | 1.64% | 1.30% | 1.18% | 1.33% |
Frequently Asked Questions
With a correlation of 0.95, FNDA and BSMIX 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.
BSMIX has higher volatility (6.00%) compared to FNDA (4.97%). In terms of maximum drawdown, FNDA dropped -44.64% vs BSMIX's -41.32%.
BSMIX currently has the higher Sharpe Ratio (2.24 vs 1.84), 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.
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