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FNDA vs. IJS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FNDA vs. IJS

Last updated Jul 22, 2026
Documentation

FNDA (Schwab Fundamental U.S. Small Company ETF) and IJS (iShares S&P SmallCap 600 Value ETF) are both exchange-traded funds - FNDA is a Small Cap Blend Equities fund tracking the RAFI Fundamental High Liquidity U.S. Small Index, while IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index. Both are passively managed. Over the past 10 years, FNDA returned 10.94%/yr vs 10.11%/yr for IJS. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.25% expense ratio.

Performance

FNDA vs. IJS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental U.S. Small Company ETF (FNDA) and iShares S&P SmallCap 600 Value ETF (IJS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FNDA achieves a 20.31% return, which is significantly lower than IJS's 21.47% return. Over the past 10 years, FNDA has outperformed IJS with an annualized return of 10.94%, while IJS has yielded a comparatively lower 10.11% annualized return.

FNDA

1D
0.94%
1M
2.32%
6M
13.64%
YTD
20.31%
1Y
29.88%
3Y*
14.40%
5Y*
9.27%
10Y*
10.94%
ALL TIME*
10.50%

IJS

1D
1.01%
1M
3.02%
6M
15.18%
YTD
21.47%
1Y
36.25%
3Y*
13.54%
5Y*
8.56%
10Y*
10.11%
ALL TIME*
9.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FNDA vs. IJS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FNDA
Schwab Fundamental U.S. Small Company ETF		20.31%7.44%9.00%20.29%-14.83%31.12%8.44%24.34%-12.12%12.68%
IJS
iShares S&P SmallCap 600 Value ETF		21.47%6.54%7.33%14.68%-11.34%30.53%2.63%24.11%-12.86%11.35%

Correlation

The correlation between FNDA and IJS is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.97

Correlation (3Y)
Calculated over the trailing 3-year period

0.97

Correlation (5Y)
Calculated over the trailing 5-year period

0.98

Correlation (10Y)
Calculated over the trailing 10-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Aug 15, 2013

0.97

The correlation between FNDA and IJS has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

FNDA vs. IJS - Sectors Allocation Comparison

Sectors
FNDA
IJS

Industrials

19.1%
12.2%

Technology

15.2%
13.4%

Financial Services

14.8%
20.2%

Consumer Cyclical

12.4%
15.2%

Real Estate

10.0%
8.5%

Healthcare

7.8%
7.7%

Energy

5.6%
6.0%

Basic Materials

4.3%
6.2%

Consumer Defensive

3.9%
5.0%

Communication Services

3.7%
3.8%

Utilities

3.0%
2.0%

Industrials

FNDA
19.1%
IJS
12.2%

Technology

FNDA
15.2%
IJS
13.4%

Financial Services

FNDA
14.8%
IJS
20.2%

Consumer Cyclical

FNDA
12.4%
IJS
15.2%

Real Estate

FNDA
10.0%
IJS
8.5%

Healthcare

FNDA
7.8%
IJS
7.7%

Energy

FNDA
5.6%
IJS
6.0%

Basic Materials

FNDA
4.3%
IJS
6.2%

Consumer Defensive

FNDA
3.9%
IJS
5.0%

Communication Services

FNDA
3.7%
IJS
3.8%

Utilities

FNDA
3.0%
IJS
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab Fundamental U.S. Small Company ETF

iShares S&P SmallCap 600 Value ETF

Often compared with FNDA:
FNDA vs. SCHAFNDA vs. FNDCFNDA vs. VBKFNDA vs. IFRAFNDA vs. IGFFNDA vs. SPYFNDA vs. LRGF
Often compared with IJS:
IJS vs. IJRIJS vs. AVUVIJS vs. VBRIJS vs. VIOVIJS vs. IWNIJS vs. VOOIJS vs. ISCV

Return for Risk

FNDA vs. IJS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FNDA
FNDA Risk / Return Rank: 7575
Overall Rank
FNDA Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
FNDA Sortino Ratio Rank: 7676
Sortino Ratio Rank
FNDA Omega Ratio Rank: 6969
Omega Ratio Rank
FNDA Calmar Ratio Rank: 8282
Calmar Ratio Rank
FNDA Martin Ratio Rank: 7676
Martin Ratio Rank
IJS
IJS Risk / Return Rank: 8585
Overall Rank
IJS Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IJS Sortino Ratio Rank: 8585
Sortino Ratio Rank
IJS Omega Ratio Rank: 8080
Omega Ratio Rank
IJS Calmar Ratio Rank: 8989
Calmar Ratio Rank
IJS Martin Ratio Rank: 8686
Martin Ratio Rank
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.

FNDA vs. IJS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental U.S. Small Company ETF (FNDA) and iShares S&P SmallCap 600 Value ETF (IJS). 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.

FNDAIJSDifference
Sharpe ratioReturn per unit of total volatility
1.76
2.03

-0.28

Sortino ratioReturn per unit of downside risk
2.57
2.94

-0.37

Omega ratioGain probability vs. loss probability

1.30

1.35

-0.05

Calmar ratioReturn relative to maximum drawdown

3.20

3.92

-0.72

Martin ratioReturn relative to average drawdown

10.34

12.95

-2.61

FNDA vs. IJS - Sharpe Ratio Comparison

The current FNDA Sharpe Ratio is 1.76, which is comparable to the IJS Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of FNDA and IJS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FNDA vs. IJS - Drawdown Comparison

The maximum FNDA drawdown since its inception was -44.64%, smaller than the maximum IJS drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for FNDA and IJS.

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Drawdown Indicators

FNDAIJSDifference

Max Drawdown

Largest peak-to-trough decline

-44.64%

-60.11%

+15.47%

Max Drawdown (1Y)

Largest decline over 1 year

-9.36%

-9.28%

-0.08%

Max Drawdown (3Y)

Largest decline over 3 years

-25.92%

-28.65%

+2.73%

Max Drawdown (5Y)

Largest decline over 5 years

-25.92%

-28.65%

+2.73%

Max Drawdown (10Y)

Largest decline over 10 years

-44.64%

-47.68%

+3.04%

Current Drawdown

Current decline from peak

-0.84%

-0.56%

-0.28%

Average Drawdown

Average peak-to-trough decline

-6.64%

-9.85%

+3.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

2.81%

+0.09%

Volatility

FNDA vs. IJS - Volatility Comparison

The current volatility for Schwab Fundamental U.S. Small Company ETF (FNDA) is 3.34%, while iShares S&P SmallCap 600 Value ETF (IJS) has a volatility of 3.60%. This indicates that FNDA experiences smaller price fluctuations and is considered to be less risky than IJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FNDAIJSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.34%

3.60%

-0.26%

Volatility (6M)

Calculated over the trailing 6-month period

12.11%

11.69%

+0.42%

Volatility (1Y)

Calculated over the trailing 1-year period

17.09%

17.92%

-0.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.74%

21.75%

-1.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.32%

23.55%

-1.23%

FNDA vs. IJS - Expense Ratio Comparison

Both FNDA and IJS have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FNDA vs. IJS - Dividend Comparison

FNDA's dividend yield for the trailing twelve months is around 1.10%, less than IJS's 1.31% yield.

PositionTTM20252024202320222021202020192018201720162015
FNDA
Schwab Fundamental U.S. Small Company ETF		1.10%1.22%1.53%1.37%1.38%1.15%1.31%1.38%1.64%1.30%1.18%1.33%
IJS
iShares S&P SmallCap 600 Value ETF		1.31%1.62%1.78%1.42%1.46%1.52%1.00%1.66%1.75%1.41%1.22%1.59%

Frequently Asked Questions

With a correlation of 0.97, FNDA and IJS 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.

IJS has higher volatility (3.60%) compared to FNDA (3.34%). In terms of maximum drawdown, FNDA dropped -44.64% vs IJS's -60.11%.

On 10-year performance, FNDA leads with 10.94% vs 10.11% for IJS. Both ETFs have the same 0.25% expense ratio. On volatility, FNDA has been the lower-risk option at 3.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FNDA has performed better with a 10.94% return vs 10.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FNDA and IJS have the same expense ratio: 0.25% per year.

IJS has the higher dividend yield at 1.31%, compared with 1.10% for FNDA.

FNDA is categorized as Small Cap Blend Equities, while IJS is Small Cap Value Equities. FNDA tracks RAFI Fundamental High Liquidity U.S. Small Index, while IJS tracks S&P SmallCap 600 Value Index. They also come from different issuers: Charles Schwab and iShares.

IJS currently has the higher Sharpe Ratio (2.03 vs 1.76), 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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