FNDB vs. ACEP

Last updated Aug 2, 2026

FNDB (Schwab Fundamental U.S. Broad Market Index ETF) and ACEP (ARS Core Equity Portfolio ETF) are both exchange-traded funds - FNDB is a Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US All Index, while ACEP is a Large Cap Blend Equities fund actively managed by ARS Investment Partners. FNDB is passively managed, while ACEP is actively managed. Their 0.73 correlation means they have sometimes moved together and sometimes differently. FNDB charges 0.25%/yr vs 0.45%/yr for ACEP.

Performance

FNDB vs. ACEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental U.S. Broad Market Index ETF (FNDB) and ARS Core Equity Portfolio ETF (ACEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNDB achieves a 17.51% return, which is significantly lower than ACEP's 21.89% return.

FNDB

• 1D: 0.10%
• 1M: 1.21%
• 6M: 12.62%
• YTD: 17.51%
• 1Y: 32.18%
• 3Y*: 18.54%
• 5Y*: 13.39%
• 10Y*: 14.03%
• ALL TIME*: 12.99%

ACEP

• 1D: -0.13%
• 1M: 1.11%
• 6M: 12.40%
• YTD: 21.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACEP ARS Core Equity Portfolio ETF	$45.00K	$28.22K	$48.60K
FNDB Schwab Fundamental U.S. Broad Market Index ETF	$5.69M	$5.14M	$4.73M

FNDB vs. ACEP - Yearly Performance Comparison

	2026 (YTD)	2025
FNDB Schwab Fundamental U.S. Broad Market Index ETF	17.51%	5.79%
ACEP ARS Core Equity Portfolio ETF	21.89%	8.00%

Correlation

The correlation between FNDB and ACEP is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.73

FNDB vs. ACEP - Sectors Allocation Comparison

Sectors	FNDB	ACEP
Technology	19.6%	34.3%
Financial Services	14.8%	14.4%
Healthcare	12.7%	8.2%
Industrials	10.3%	12.1%
Consumer Cyclical	9.6%	2.8%
Communication Services	8.4%	1.2%
Energy	8.3%	12.5%
Consumer Defensive	7.2%	1.9%
Basic Materials	3.4%	11.1%
Utilities	3.2%	-
Real Estate	2.5%	1.6%

Return for Risk

FNDB vs. ACEP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FNDB

FNDB Risk / Return Rank: 95
FNDB Sharpe Ratio Rank: 96
FNDB Sortino Ratio Rank: 95
FNDB Omega Ratio Rank: 95
FNDB Calmar Ratio Rank: 94
FNDB Martin Ratio Rank: 95

ACEP

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

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.

FNDB vs. ACEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental U.S. Broad Market Index ETF (FNDB) and ARS Core Equity Portfolio ETF (ACEP). 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.

	FNDB	ACEP	Difference
Sharpe ratio: Return per unit of total volatility	2.83	—	—
Sortino ratio: Return per unit of downside risk	3.92	—	—
Omega ratio: Gain probability vs. loss probability	1.52	—	—
Calmar ratio: Return relative to maximum drawdown	4.84	—	—
Martin ratio: Return relative to average drawdown	19.07	—	—

Drawdowns

FNDB vs. ACEP - Drawdown Comparison

The maximum FNDB drawdown since its inception was -38.17%, which is greater than ACEP's maximum drawdown of -7.06%. Use the drawdown chart below to compare losses from any high point for FNDB and ACEP.

Drawdown Indicators

	FNDB	ACEP	Difference
Max Drawdown Largest peak-to-trough decline	-38.17%	-7.06%	-31.11%
Max Drawdown (1Y) Largest decline over 1 year	-6.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.83%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.17%	—	—
Current Drawdown Current decline from peak	-0.43%	-2.65%	+2.22%
Average Drawdown Average peak-to-trough decline	-3.62%	-1.75%	-1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	—	—

Volatility

Volatility by Period

	FNDB	ACEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	16.90%	-6.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.23%	16.90%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.42%	16.90%	+0.52%

FNDB vs. ACEP - Expense Ratio Comparison

FNDB has a 0.25% expense ratio, which is lower than ACEP's 0.45% expense ratio.

Dividends

FNDB vs. ACEP - Dividend Comparison

FNDB's dividend yield for the trailing twelve months is around 1.43%, more than ACEP's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACEP ARS Core Equity Portfolio ETF	0.11%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FNDB Schwab Fundamental U.S. Broad Market Index ETF	1.43%	1.62%	1.74%	1.80%	1.98%	1.63%	2.15%	2.23%	2.41%	1.91%	2.06%	2.26%

Frequently Asked Questions

Can I hold both FNDB and ACEP in my portfolio?

FNDB and ACEP have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FNDB or ACEP?

On fees, FNDB 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, FNDB or ACEP?

FNDB is cheaper with a 0.25% expense ratio, compared with 0.45% for ACEP.

Which ETF pays a higher dividend yield, FNDB or ACEP?

FNDB has the higher dividend yield at 1.43%, compared with 0.11% for ACEP.

What is the main difference between FNDB and ACEP?

FNDB is categorized as Large Cap Value Equities, while ACEP is Large Cap Blend Equities. They also come from different issuers: Charles Schwab and ARS Investment Partners. Their fees differ too: 0.25% for FNDB and 0.45% for ACEP.