FNDC vs. AVDE

Last updated Jun 5, 2026

FNDC (Schwab Fundamental International Small Co. Index ETF) and AVDE (Avantis International Equity ETF) are both exchange-traded funds - FNDC is a Foreign Small & Mid Cap Equities fund tracking the Russell RAFI Small Company Developed x US, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. FNDC is passively managed, while AVDE is actively managed. Over the past 5 years, FNDC returned 7.26%/yr vs 10.06%/yr for AVDE. With a 0.96 correlation, they move nearly in lockstep. FNDC charges 0.39%/yr vs 0.23%/yr for AVDE.

Performance

FNDC vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental International Small Co. Index ETF (FNDC) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FNDC having a 11.83% return and AVDE slightly lower at 11.25%.

FNDC

• 1D: 0.42%
• 1M: 0.40%
• YTD: 11.83%
• 6M: 14.14%
• 1Y: 26.84%
• 3Y*: 18.52%
• 5Y*: 7.26%
• 10Y*: 8.64%

AVDE

• 1D: 0.64%
• 1M: 2.52%
• YTD: 11.25%
• 6M: 13.95%
• 1Y: 28.13%
• 3Y*: 20.66%
• 5Y*: 10.06%
• 10Y*: —

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

FNDC vs. AVDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FNDC Schwab Fundamental International Small Co. Index ETF	11.83%	35.65%	1.38%	14.92%	-14.71%	10.26%	6.58%	9.95%
AVDE Avantis International Equity ETF	11.25%	38.05%	4.88%	17.18%	-13.68%	13.62%	8.26%	8.07%

Correlation

The correlation between FNDC and AVDE is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.96

The correlation between FNDC and AVDE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

FNDC vs. AVDE - Sectors Allocation Comparison

Sectors	FNDC	AVDE
Industrials	25.8%	20.3%
Consumer Cyclical	12.8%	9.3%
Financial Services	11.5%	23.8%
Basic Materials	11.0%	11.2%
Technology	8.7%	7.1%
Real Estate	6.9%	1.7%
Consumer Defensive	6.3%	4.6%
Healthcare	4.9%	5.8%
Communication Services	4.8%	3.8%
Energy	4.6%	8.0%
Utilities	2.8%	4.4%

Return for Risk

FNDC vs. AVDE — Risk / Return Rank

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

FNDC

FNDC Risk / Return Rank: 55
FNDC Sharpe Ratio Rank: 57
FNDC Sortino Ratio Rank: 57
FNDC Omega Ratio Rank: 56
FNDC Calmar Ratio Rank: 49
FNDC Martin Ratio Rank: 53

AVDE

AVDE Risk / Return Rank: 57
AVDE Sharpe Ratio Rank: 59
AVDE Sortino Ratio Rank: 59
AVDE Omega Ratio Rank: 59
AVDE Calmar Ratio Rank: 51
AVDE Martin Ratio Rank: 56

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.

FNDC vs. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Small Co. Index ETF (FNDC) and Avantis International Equity ETF (AVDE). 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.

	FNDC	AVDE	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.95	-0.06
Sortino ratio: Return per unit of downside risk	2.68	2.73	-0.05
Omega ratio: Gain probability vs. loss probability	1.34	1.35	-0.01
Calmar ratio: Return relative to maximum drawdown	2.41	2.46	-0.05
Martin ratio: Return relative to average drawdown	9.02	9.71	-0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNDC vs. AVDE - Sharpe Ratio Comparison

The current FNDC Sharpe Ratio is 1.90, which is comparable to the AVDE Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of FNDC and AVDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FNDC	AVDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	1.95	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.62	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.65	-0.15

Drawdowns

FNDC vs. AVDE - Drawdown Comparison

The maximum FNDC drawdown since its inception was -43.22%, which is greater than AVDE's maximum drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for FNDC and AVDE.

Drawdown Indicators

	FNDC	AVDE	Difference
Max Drawdown Largest peak-to-trough decline	-43.22%	-36.99%	-6.23%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-11.48%	+0.28%
Max Drawdown (3Y) Largest decline over 3 years	-12.98%	-13.46%	+0.48%
Max Drawdown (5Y) Largest decline over 5 years	-32.13%	-28.73%	-3.40%
Max Drawdown (10Y) Largest decline over 10 years	-43.22%	—	—
Current Drawdown Current decline from peak	-1.68%	-0.76%	-0.92%
Average Drawdown Average peak-to-trough decline	-8.45%	-6.17%	-2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	2.90%	+0.08%

Volatility

FNDC vs. AVDE - Volatility Comparison

Schwab Fundamental International Small Co. Index ETF (FNDC) and Avantis International Equity ETF (AVDE) have volatilities of 4.55% and 4.61%, 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

	FNDC	AVDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	4.61%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	11.77%	12.12%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	14.24%	14.46%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	16.29%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	18.90%	-2.10%

FNDC vs. AVDE - Expense Ratio Comparison

FNDC has a 0.39% expense ratio, which is higher than AVDE's 0.23% expense ratio.

Dividends

FNDC vs. AVDE - Dividend Comparison

FNDC's dividend yield for the trailing twelve months is around 3.45%, more than AVDE's 2.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDE Avantis International Equity ETF	2.50%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%	0.00%	0.00%	0.00%	0.00%
FNDC Schwab Fundamental International Small Co. Index ETF	3.45%	3.86%	3.59%	2.86%	1.98%	2.58%	1.77%	2.71%	2.68%	1.94%	1.95%	1.30%

Frequently Asked Questions

Can I hold both FNDC and AVDE in my portfolio?

With a correlation of 0.94, FNDC and AVDE 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, FNDC or AVDE?

AVDE has higher volatility (4.61%) compared to FNDC (4.55%). In terms of maximum drawdown, FNDC dropped -43.22% vs AVDE's -36.99%.

Which ETF is better, FNDC or AVDE?

On 5-year performance, AVDE leads with 10.06% vs 7.26% for FNDC. On fees, AVDE is cheaper at 0.23% 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, FNDC or AVDE?

Over the 5-year period, AVDE has performed better with a 10.06% return vs 7.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNDC or AVDE?

AVDE is cheaper with a 0.23% expense ratio, compared with 0.39% for FNDC.

Which ETF pays a higher dividend yield, FNDC or AVDE?

FNDC has the higher dividend yield at 3.45%, compared with 2.50% for AVDE.

What is the main difference between FNDC and AVDE?

FNDC is categorized as Foreign Small & Mid Cap Equities, while AVDE is Foreign Large Cap Equities. They also come from different issuers: Charles Schwab and Avantis. Their fees differ too: 0.39% for FNDC and 0.23% for AVDE.

Which has better risk-adjusted returns?

AVDE currently has the higher Sharpe Ratio (1.95 vs 1.90), 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.