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FNDA vs. VTMSX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FNDA vs. VTMSX

Last updated Aug 2, 2026
Documentation

FNDA (Schwab Fundamental U.S. Small Company ETF) and VTMSX (Vanguard Tax-Managed Small-Cap Fund Admiral Shares) are both Small Cap Blend Equities funds - FNDA tracks the RAFI Fundamental High Liquidity U.S. Small Index while VTMSX tracks the S&P SmallCap 600 Index. Both are passively managed. Over the past 10 years, FNDA returned 10.90%/yr vs 10.75%/yr for VTMSX. Their 0.98 correlation means they have historically moved very closely together. FNDA charges 0.25%/yr vs 0.05%/yr for VTMSX.

Performance

FNDA vs. VTMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental U.S. Small Company ETF (FNDA) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). 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 18.48% return, which is significantly lower than VTMSX's 21.93% return. Both investments have delivered pretty close results over the past 10 years, with FNDA having a 10.90% annualized return and VTMSX not far behind at 10.75%.

FNDA

1D
-0.09%
1M
-1.21%
6M
11.94%
YTD
18.48%
1Y
30.92%
3Y*
13.16%
5Y*
8.52%
10Y*
10.90%
ALL TIME*
10.34%

VTMSX

1D
0.86%
1M
-0.56%
6M
15.49%
YTD
21.93%
1Y
36.13%
3Y*
13.30%
5Y*
7.52%
10Y*
10.75%
ALL TIME*
10.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

FNDA

Schwab Fundamental U.S. Small Company ETF
$15.42M$15.07M$42.17M

VTMSX

Vanguard Tax-Managed Small-Cap Fund Admiral Shares
$0.00$0.00$0.00

FNDA vs. VTMSX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FNDA
Schwab Fundamental U.S. Small Company ETF		18.48%7.44%9.00%20.29%-14.83%31.12%8.44%24.34%-12.12%12.68%
VTMSX
Vanguard Tax-Managed Small-Cap Fund Admiral Shares		21.93%5.93%8.61%15.95%-16.16%27.08%11.05%23.28%-8.62%13.05%

Correlation

The correlation between FNDA and VTMSX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.98

Correlation (3Y)
Balances recent behavior with more history.

0.99

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.99

Correlation (10Y)
Provides a long-term view across more market conditions.

0.98

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

0.98

The correlation between FNDA and VTMSX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

FNDA vs. VTMSX - Sectors Allocation Comparison

Sectors
FNDA
VTMSX

Industrials

18.6%
15.6%

Financial Services

15.5%
17.1%

Technology

14.6%
15.5%

Consumer Cyclical

11.7%
13.4%

Real Estate

10.2%
7.6%

Healthcare

7.7%
12.2%

Energy

5.6%
4.9%

Basic Materials

5.1%
4.8%

Consumer Defensive

4.2%
4.0%

Communication Services

3.8%
3.2%

Utilities

2.7%
1.7%

Industrials

FNDA
18.6%
VTMSX
15.6%

Financial Services

FNDA
15.5%
VTMSX
17.1%

Technology

FNDA
14.6%
VTMSX
15.5%

Consumer Cyclical

FNDA
11.7%
VTMSX
13.4%

Real Estate

FNDA
10.2%
VTMSX
7.6%

Healthcare

FNDA
7.7%
VTMSX
12.2%

Energy

FNDA
5.6%
VTMSX
4.9%

Basic Materials

FNDA
5.1%
VTMSX
4.8%

Consumer Defensive

FNDA
4.2%
VTMSX
4.0%

Communication Services

FNDA
3.8%
VTMSX
3.2%

Utilities

FNDA
2.7%
VTMSX
1.7%

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

Vanguard Tax-Managed Small-Cap Fund Admiral Shares

Often compared with FNDA:
FNDA vs. SCHAFNDA vs. FNDCFNDA vs. VBKFNDA vs. IFRAFNDA vs. IGFFNDA vs. SPYFNDA vs. LRGF
Often compared with VTMSX:
VTMSX vs. VSMAXVTMSX vs. VTCLXVTMSX vs. AVUVVTMSX vs. VFIAXVTMSX vs. ^SP600VTMSX vs. FSMDXVTMSX vs. TISBX

Return for Risk

FNDA vs. VTMSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FNDA
FNDA Risk / Return Rank: 7878
Overall Rank
FNDA Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FNDA Sortino Ratio Rank: 7878
Sortino Ratio Rank
FNDA Omega Ratio Rank: 7272
Omega Ratio Rank
FNDA Calmar Ratio Rank: 8383
Calmar Ratio Rank
FNDA Martin Ratio Rank: 7979
Martin Ratio Rank
VTMSX
VTMSX Risk / Return Rank: 8484
Overall Rank
VTMSX Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
VTMSX Sortino Ratio Rank: 8181
Sortino Ratio Rank
VTMSX Omega Ratio Rank: 7676
Omega Ratio Rank
VTMSX Calmar Ratio Rank: 9393
Calmar Ratio Rank
VTMSX Martin Ratio Rank: 9292
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FNDA vs. VTMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental U.S. Small Company ETF (FNDA) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). 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.

FNDAVTMSXDifference
Sharpe ratioReturn per unit of total volatility
1.71
1.87

-0.16

Sortino ratioReturn per unit of downside risk
2.51
2.77

-0.26

Omega ratioGain probability vs. loss probability

1.30

1.32

-0.03

Calmar ratioReturn relative to maximum drawdown

3.10

3.79

-0.69

Martin ratioReturn relative to average drawdown

10.14

12.88

-2.74

FNDA vs. VTMSX - Sharpe Ratio Comparison

The current FNDA Sharpe Ratio is 1.71, which is comparable to the VTMSX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of FNDA and VTMSX, 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. VTMSX - Drawdown Comparison

The maximum FNDA drawdown since its inception was -44.64%, smaller than the maximum VTMSX drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for FNDA and VTMSX.

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Drawdown Indicators

FNDAVTMSXDifference

Max Drawdown

Largest peak-to-trough decline

-44.64%

-57.84%

+13.20%

Max Drawdown (1Y)

Largest decline over 1 year

-9.36%

-8.59%

-0.77%

Max Drawdown (3Y)

Largest decline over 3 years

-25.92%

-27.93%

+2.01%

Max Drawdown (5Y)

Largest decline over 5 years

-25.92%

-27.93%

+2.01%

Max Drawdown (10Y)

Largest decline over 10 years

-44.64%

-43.88%

-0.76%

Current Drawdown

Current decline from peak

-2.35%

-1.82%

-0.53%

Average Drawdown

Average peak-to-trough decline

-6.62%

-8.88%

+2.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.86%

2.53%

+0.33%

Volatility

FNDA vs. VTMSX - Volatility Comparison

Schwab Fundamental U.S. Small Company ETF (FNDA) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) have volatilities of 3.40% and 3.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FNDAVTMSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.40%

3.47%

-0.07%

Volatility (6M)

Calculated over the trailing 6-month period

11.81%

11.67%

+0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

17.02%

17.40%

-0.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.71%

21.32%

-0.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.31%

23.07%

-0.76%

FNDA vs. VTMSX - Expense Ratio Comparison

FNDA has a 0.25% expense ratio, which is higher than VTMSX's 0.05% 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. VTMSX - Dividend Comparison

FNDA's dividend yield for the trailing twelve months is around 1.12%, less than VTMSX's 1.19% yield.

PositionTTM20252024202320222021202020192018201720162015
FNDA
Schwab Fundamental U.S. Small Company ETF		1.12%1.22%1.53%1.37%1.38%1.15%1.31%1.38%1.64%1.30%1.18%1.33%
VTMSX
Vanguard Tax-Managed Small-Cap Fund Admiral Shares		1.19%1.28%1.44%1.50%1.51%1.16%1.09%1.15%1.26%1.11%1.01%1.26%

Frequently Asked Questions

With a correlation of 0.98, FNDA and VTMSX 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.

VTMSX has higher volatility (3.47%) compared to FNDA (3.40%). In terms of maximum drawdown, FNDA dropped -44.64% vs VTMSX's -57.84%.

VTMSX currently has the higher Sharpe Ratio (1.87 vs 1.71), 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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