FNDB vs. IUSV

Last updated Jul 14, 2026

FNDB (Schwab Fundamental U.S. Broad Market Index ETF) and IUSV (iShares Core S&P U.S. Value ETF) are both Large Cap Value Equities funds - FNDB tracks the RAFI Fundamental High Liquidity US All Index while IUSV tracks the S&P 900 Value Index. Both are passively managed. Over the past 10 years, FNDB returned 13.81%/yr vs 11.73%/yr for IUSV. With a 0.96 correlation, they move nearly in lockstep. FNDB charges 0.25%/yr vs 0.04%/yr for IUSV.

Performance

FNDB vs. IUSV - 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 iShares Core S&P U.S. Value ETF (IUSV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNDB achieves a 16.67% return, which is significantly higher than IUSV's 9.97% return. Over the past 10 years, FNDB has outperformed IUSV with an annualized return of 13.81%, while IUSV has yielded a comparatively lower 11.73% annualized return.

FNDB

• 1D: 0.19%
• 1M: 0.92%
• 6M: 12.81%
• YTD: 16.67%
• 1Y: 28.33%
• 3Y*: 19.34%
• 5Y*: 13.30%
• 10Y*: 13.81%

IUSV

• 1D: 0.15%
• 1M: 1.31%
• 6M: 7.21%
• YTD: 9.97%
• 1Y: 18.63%
• 3Y*: 14.24%
• 5Y*: 11.41%
• 10Y*: 11.73%

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

FNDB vs. IUSV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNDB Schwab Fundamental U.S. Broad Market Index ETF	16.67%	16.23%	16.25%	18.42%	-7.53%	31.55%	9.40%	28.88%	-8.20%	16.94%
IUSV iShares Core S&P U.S. Value ETF	9.97%	12.85%	12.18%	21.73%	-5.40%	25.22%	1.56%	31.47%	-9.21%	15.09%

Correlation

The correlation between FNDB and IUSV is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013	0.96

The correlation between FNDB and IUSV has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

FNDB vs. IUSV - Sectors Allocation Comparison

Sectors	FNDB	IUSV
Technology	19.1%	21.7%
Financial Services	15.3%	14.9%
Healthcare	12.9%	11.1%
Industrials	9.9%	10.9%
Consumer Cyclical	9.6%	11.2%
Energy	8.4%	7.0%
Communication Services	8.3%	3.0%
Consumer Defensive	7.2%	8.7%
Basic Materials	3.8%	3.5%
Utilities	3.3%	4.3%
Real Estate	2.3%	3.7%

Return for Risk

FNDB vs. IUSV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNDB

FNDB Risk / Return Rank: 92
FNDB Sharpe Ratio Rank: 93
FNDB Sortino Ratio Rank: 93
FNDB Omega Ratio Rank: 92
FNDB Calmar Ratio Rank: 91
FNDB Martin Ratio Rank: 91

IUSV

IUSV Risk / Return Rank: 73
IUSV Sharpe Ratio Rank: 73
IUSV Sortino Ratio Rank: 73
IUSV Omega Ratio Rank: 72
IUSV Calmar Ratio Rank: 73
IUSV Martin Ratio Rank: 75

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.

FNDB vs. IUSV - 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 iShares Core S&P U.S. Value ETF (IUSV). 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	IUSV	Difference
Sharpe ratio: Return per unit of total volatility	2.64	1.87	+0.77
Sortino ratio: Return per unit of downside risk	3.68	2.63	+1.05
Omega ratio: Gain probability vs. loss probability	1.49	1.34	+0.15
Calmar ratio: Return relative to maximum drawdown	4.52	2.94	+1.58
Martin ratio: Return relative to average drawdown	17.24	11.19	+6.05

FNDB vs. IUSV - Sharpe Ratio Comparison

The current FNDB Sharpe Ratio is 2.64, which is higher than the IUSV Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of FNDB and IUSV, 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. IUSV - Drawdown Comparison

The maximum FNDB drawdown since its inception was -38.17%, smaller than the maximum IUSV drawdown of -56.88%. Use the drawdown chart below to compare losses from any high point for FNDB and IUSV.

Drawdown Indicators

	FNDB	IUSV	Difference
Max Drawdown Largest peak-to-trough decline	-38.17%	-56.88%	+18.71%
Max Drawdown (1Y) Largest decline over 1 year	-6.29%	-6.36%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-16.83%	-17.76%	+0.93%
Max Drawdown (5Y) Largest decline over 5 years	-19.29%	-17.95%	-1.34%
Max Drawdown (10Y) Largest decline over 10 years	-38.17%	-37.54%	-0.63%
Current Drawdown Current decline from peak	0.00%	-0.02%	+0.02%
Average Drawdown Average peak-to-trough decline	-3.64%	-6.27%	+2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	1.67%	-0.02%

Volatility

FNDB vs. IUSV - Volatility Comparison

Schwab Fundamental U.S. Broad Market Index ETF (FNDB) and iShares Core S&P U.S. Value ETF (IUSV) have volatilities of 2.64% and 2.58%, 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.

Volatility by Period

	FNDB	IUSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	2.58%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	7.77%	7.29%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	10.82%	10.03%	+0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.30%	14.50%	+0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.42%	16.98%	+0.44%

FNDB vs. IUSV - Expense Ratio Comparison

FNDB has a 0.25% expense ratio, which is higher than IUSV's 0.04% 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. IUSV - Dividend Comparison

FNDB's dividend yield for the trailing twelve months is around 1.44%, less than IUSV's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDB Schwab Fundamental U.S. Broad Market Index ETF	1.44%	1.62%	1.74%	1.80%	1.98%	1.63%	2.15%	2.23%	2.41%	1.91%	2.06%	2.26%
IUSV iShares Core S&P U.S. Value ETF	1.67%	1.78%	2.15%	1.75%	2.22%	1.87%	2.40%	2.19%	2.67%	1.93%	4.44%	7.63%

Frequently Asked Questions

Can I hold both FNDB and IUSV in my portfolio?

With a correlation of 0.95, FNDB and IUSV 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 IUSV?

FNDB has higher volatility (2.64%) compared to IUSV (2.58%). In terms of maximum drawdown, FNDB dropped -38.17% vs IUSV's -56.88%.

Which ETF is better, FNDB or IUSV?

On 10-year performance, FNDB leads with 13.81% vs 11.73% for IUSV. On fees, IUSV is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNDB or IUSV?

Over the 10-year period, FNDB has performed better with a 13.81% return vs 11.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNDB or IUSV?

IUSV is cheaper with a 0.04% expense ratio, compared with 0.25% for FNDB.

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

IUSV has the higher dividend yield at 1.67%, compared with 1.44% for FNDB.

What is the main difference between FNDB and IUSV?

FNDB tracks RAFI Fundamental High Liquidity US All Index, while IUSV tracks S&P 900 Value Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.25% for FNDB and 0.04% for IUSV.

Which has better risk-adjusted returns?

FNDB currently has the higher Sharpe Ratio (2.64 vs 1.87), 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.