FNDB vs. DFLV

Last updated Aug 6, 2026

FNDB (Schwab Fundamental U.S. Broad Market Index ETF) and DFLV (Dimensional US Large Cap Value ETF) are both Large Cap Value Equities funds. FNDB is passively managed, while DFLV is actively managed. Over the past 3 years, FNDB returned 19.89%/yr vs 18.72%/yr for DFLV. Their correlation of 0.95 means they have usually moved in the same direction. FNDB charges 0.25%/yr vs 0.22%/yr for DFLV.

Performance

FNDB vs. DFLV - 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 Dimensional US Large Cap Value ETF (DFLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNDB achieves a 19.45% return, which is significantly lower than DFLV's 21.70% return.

FNDB

• 1D: -0.47%
• 1M: 2.64%
• 6M: 12.38%
• YTD: 19.45%
• 1Y: 32.96%
• 3Y*: 19.89%
• 5Y*: 13.57%
• 10Y*: 14.07%
• ALL TIME*: 13.12%

DFLV

• 1D: -0.13%
• 1M: 3.77%
• 6M: 13.78%
• YTD: 21.70%
• 1Y: 34.69%
• 3Y*: 18.72%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.91%

*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)
DFLV Dimensional US Large Cap Value ETF	$28.52M	$29.26M	$30.59M
FNDB Schwab Fundamental U.S. Broad Market Index ETF	$6.53M	$5.81M	$4.99M

FNDB vs. DFLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FNDB Schwab Fundamental U.S. Broad Market Index ETF	19.45%	16.23%	16.25%	18.42%	-1.63%
DFLV Dimensional US Large Cap Value ETF	21.70%	15.90%	12.88%	12.31%	-0.94%

Correlation

The correlation between FNDB and DFLV is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (All Time) Calculated using the full available price history since Dec 7, 2022	0.95

The correlation between FNDB and DFLV has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

FNDB vs. DFLV - Sectors Allocation Comparison

Sectors	FNDB	DFLV
Technology	19.6%	11.4%
Financial Services	14.8%	22.2%
Healthcare	12.7%	14.5%
Industrials	10.3%	13.5%
Consumer Cyclical	9.6%	7.4%
Communication Services	8.4%	4.7%
Energy	8.3%	14.4%
Consumer Defensive	7.2%	4.4%
Basic Materials	3.4%	6.8%
Utilities	3.2%	-
Real Estate	2.5%	0.4%

Return for Risk

FNDB vs. DFLV — 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: 94

DFLV

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

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. DFLV - 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 Dimensional US Large Cap Value ETF (DFLV). 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	DFLV	Difference
Sharpe ratio: Return per unit of total volatility	3.10	3.12	-0.03
Sortino ratio: Return per unit of downside risk	4.29	4.32	-0.03
Omega ratio: Gain probability vs. loss probability	1.57	1.57	+0.01
Calmar ratio: Return relative to maximum drawdown	5.26	6.36	-1.10
Martin ratio: Return relative to average drawdown	20.73	23.54	-2.81

FNDB vs. DFLV - Sharpe Ratio Comparison

The current FNDB Sharpe Ratio is 3.10, which is comparable to the DFLV Sharpe Ratio of 3.12. The chart below compares the historical Sharpe Ratios of FNDB and DFLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FNDB vs. DFLV - Drawdown Comparison

The maximum FNDB drawdown since its inception was -38.17%, which is greater than DFLV's maximum drawdown of -16.80%. Use the drawdown chart below to compare losses from any high point for FNDB and DFLV.

Drawdown Indicators

	FNDB	DFLV	Difference
Max Drawdown Largest peak-to-trough decline	-38.17%	-16.80%	-21.37%
Max Drawdown (1Y) Largest decline over 1 year	-6.29%	-5.48%	-0.81%
Max Drawdown (3Y) Largest decline over 3 years	-16.83%	-16.80%	-0.03%
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	-0.47%	-0.13%	-0.34%
Average Drawdown Average peak-to-trough decline	-3.62%	-2.95%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	1.48%	+0.11%

Volatility

FNDB vs. DFLV - Volatility Comparison

Schwab Fundamental U.S. Broad Market Index ETF (FNDB) has a higher volatility of 2.74% compared to Dimensional US Large Cap Value ETF (DFLV) at 2.53%. This indicates that FNDB's price experiences larger fluctuations and is considered to be riskier than DFLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNDB	DFLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.74%	2.53%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	7.75%	8.02%	-0.27%
Volatility (1Y) Calculated over the trailing 1-year period	10.70%	11.16%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.24%	14.06%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.43%	14.06%	+3.37%

FNDB vs. DFLV - Expense Ratio Comparison

FNDB has a 0.25% expense ratio, which is higher than DFLV's 0.22% 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

FNDB vs. DFLV - Dividend Comparison

FNDB's dividend yield for the trailing twelve months is around 1.41%, more than DFLV's 1.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFLV Dimensional US Large Cap Value ETF	1.34%	1.61%	1.65%	1.72%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FNDB Schwab Fundamental U.S. Broad Market Index ETF	1.41%	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 DFLV in my portfolio?

With a correlation of 0.93, FNDB and DFLV 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.

Which is riskier, FNDB or DFLV?

FNDB has higher volatility (2.74%) compared to DFLV (2.53%). In terms of maximum drawdown, FNDB dropped -38.17% vs DFLV's -16.80%.

Which ETF is better, FNDB or DFLV?

On 3-year performance, FNDB leads with 19.89% vs 18.72% for DFLV. On fees, DFLV is cheaper at 0.22% per year. On volatility, DFLV has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNDB or DFLV?

Over the 3-year period, FNDB has performed better with a 19.89% return vs 18.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNDB or DFLV?

DFLV is cheaper with a 0.22% expense ratio, compared with 0.25% for FNDB.

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

FNDB has the higher dividend yield at 1.41%, compared with 1.34% for DFLV.

What is the main difference between FNDB and DFLV?

They also come from different issuers: Charles Schwab and Dimensional. Their fees differ too: 0.25% for FNDB and 0.22% for DFLV.

Which has better risk-adjusted returns?

DFLV currently has the higher Sharpe Ratio (3.12 vs 3.10), 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.