FNDA vs. SPY
Compare and contrast key facts about Schwab Fundamental US Small Co. Index ETF (FNDA) and SPDR S&P 500 ETF (SPY).
FNDA and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNDA is a passively managed fund by Charles Schwab that tracks the performance of the Russell RAFI Small Company US. It was launched on Aug 15, 2013. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both FNDA and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNDA or SPY.
Key characteristics
| FNDA | SPY | |
|---|---|---|
| YTD Return | 7.54% | 21.27% |
| 1Y Return | 23.42% | 33.14% |
| 3Y Return (Ann) | 3.24% | 8.57% |
| 5Y Return (Ann) | 10.45% | 15.03% |
| 10Y Return (Ann) | 9.30% | 12.90% |
| Sharpe Ratio | 1.60 | 3.04 |
| Sortino Ratio | 2.33 | 4.03 |
| Omega Ratio | 1.28 | 1.57 |
| Calmar Ratio | 1.92 | 4.39 |
| Martin Ratio | 8.99 | 20.00 |
| Ulcer Index | 3.36% | 1.85% |
| Daily Std Dev | 18.93% | 12.15% |
| Max Drawdown | -44.64% | -55.19% |
| Current Drawdown | -3.29% | -2.32% |
Correlation
The correlation between FNDA and SPY is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FNDA vs. SPY - Performance Comparison
In the year-to-date period, FNDA achieves a 7.54% return, which is significantly lower than SPY's 21.27% return. Over the past 10 years, FNDA has underperformed SPY with an annualized return of 9.30%, while SPY has yielded a comparatively higher 12.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FNDA vs. SPY - Expense Ratio Comparison
FNDA has a 0.25% expense ratio, which is higher than SPY's 0.09% 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%.
Risk-Adjusted Performance
FNDA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental US Small Co. Index ETF (FNDA) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FNDA vs. SPY - Dividend Comparison
FNDA's dividend yield for the trailing twelve months is around 2.22%, more than SPY's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDA Schwab Fundamental US Small Co. Index ETF | 2.22% | 2.74% | 2.10% | 1.77% | 1.81% | 1.57% | 3.31% | 2.29% | 1.52% | 2.01% | 1.55% | 0.32% |
SPY SPDR S&P 500 ETF | 1.23% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FNDA vs. SPY - Drawdown Comparison
The maximum FNDA drawdown since its inception was -44.64%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FNDA and SPY. For additional features, visit the drawdowns tool.
Volatility
FNDA vs. SPY - Volatility Comparison
Schwab Fundamental US Small Co. Index ETF (FNDA) has a higher volatility of 3.95% compared to SPDR S&P 500 ETF (SPY) at 3.28%. This indicates that FNDA's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.