FNDB vs. MGC
Compare and contrast key facts about Schwab Fundamental U.S. Broad Market Index ETF (FNDB) and Vanguard Mega Cap ETF (MGC).
FNDB and MGC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNDB is a passively managed fund by Charles Schwab that tracks the performance of the Russell RAFI US. It was launched on Aug 8, 2013. MGC is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap Index. It was launched on Dec 17, 2007. Both FNDB and MGC 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: FNDB or MGC.
Performance
FNDB vs. MGC - Performance Comparison
Returns By Period
In the year-to-date period, FNDB achieves a 20.36% return, which is significantly lower than MGC's 26.78% return. Both investments have delivered pretty close results over the past 10 years, with FNDB having a 14.31% annualized return and MGC not far behind at 13.69%.
FNDB
20.36%
1.40%
11.33%
30.68%
17.74%
14.31%
MGC
26.78%
1.15%
12.56%
32.95%
16.32%
13.69%
Key characteristics
| FNDB | MGC | |
|---|---|---|
| Sharpe Ratio | 2.67 | 2.56 |
| Sortino Ratio | 3.67 | 3.39 |
| Omega Ratio | 1.49 | 1.48 |
| Calmar Ratio | 4.67 | 3.59 |
| Martin Ratio | 17.10 | 16.35 |
| Ulcer Index | 1.77% | 1.99% |
| Daily Std Dev | 11.31% | 12.75% |
| Max Drawdown | -38.17% | -52.20% |
| Current Drawdown | -1.68% | -1.39% |
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FNDB vs. MGC - Expense Ratio Comparison
FNDB has a 0.25% expense ratio, which is higher than MGC's 0.07% 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%.
Correlation
The correlation between FNDB and MGC is 0.88, 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.
Risk-Adjusted Performance
FNDB vs. MGC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental U.S. Broad Market Index ETF (FNDB) and Vanguard Mega Cap ETF (MGC). 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
FNDB vs. MGC - Dividend Comparison
FNDB's dividend yield for the trailing twelve months is around 4.96%, more than MGC's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDB Schwab Fundamental U.S. Broad Market Index ETF | 4.96% | 3.66% | 2.99% | 2.30% | 2.15% | 5.73% | 5.91% | 4.83% | 4.22% | 5.73% | 3.32% | 0.48% |
MGC Vanguard Mega Cap ETF | 1.17% | 1.35% | 1.65% | 1.17% | 1.45% | 1.81% | 2.10% | 1.82% | 2.14% | 2.11% | 1.81% | 1.86% |
Drawdowns
FNDB vs. MGC - Drawdown Comparison
The maximum FNDB drawdown since its inception was -38.17%, smaller than the maximum MGC drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for FNDB and MGC. For additional features, visit the drawdowns tool.
Volatility
FNDB vs. MGC - Volatility Comparison
The current volatility for Schwab Fundamental U.S. Broad Market Index ETF (FNDB) is 4.06%, while Vanguard Mega Cap ETF (MGC) has a volatility of 4.39%. This indicates that FNDB experiences smaller price fluctuations and is considered to be less risky than MGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.