FNDC vs. EBND
FNDC (Schwab Fundamental International Small Co. Index ETF) and EBND (SPDR Bloomberg Barclays Emerging Markets Local Bond 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 EBND is a Emerging Markets Bonds fund tracking the Bloomberg Emerging Market Local Currency Government Diversified. Both are passively managed. Over the past 10 years, FNDC returned 8.59%/yr vs 1.53%/yr for EBND. A 0.59 correlation means they provide meaningful diversification when combined. FNDC charges 0.39%/yr vs 0.30%/yr for EBND.
Performance
FNDC vs. EBND - Performance Comparison
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Returns By Period
In the year-to-date period, FNDC achieves a 9.07% return, which is significantly higher than EBND's -1.26% return. Over the past 10 years, FNDC has outperformed EBND with an annualized return of 8.59%, while EBND has yielded a comparatively lower 1.53% annualized return.
FNDC
- 1D
- 0.43%
- 1M
- -4.11%
- YTD
- 9.07%
- 6M
- 11.32%
- 1Y
- 23.62%
- 3Y*
- 17.11%
- 5Y*
- 6.80%
- 10Y*
- 8.59%
EBND
- 1D
- 0.12%
- 1M
- -2.23%
- YTD
- -1.26%
- 6M
- 0.11%
- 1Y
- 4.49%
- 3Y*
- 4.91%
- 5Y*
- -0.18%
- 10Y*
- 1.53%
FNDC vs. EBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNDC Schwab Fundamental International Small Co. Index ETF | 9.07% | 35.65% | 1.38% | 14.92% | -14.71% | 10.26% | 6.58% | 20.58% | -19.10% | 29.22% |
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | -1.26% | 15.83% | -2.70% | 9.02% | -11.84% | -9.66% | 4.49% | 10.40% | -6.52% | 13.93% |
Correlation
The correlation between FNDC and EBND is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2013 | 0.59 |
The correlation between FNDC and EBND shifts across timeframes, from 0.59 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FNDC vs. EBND — Risk / Return Rank
FNDC
EBND
FNDC vs. EBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Small Co. Index ETF (FNDC) and SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND). 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 | EBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.13 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 0.68 | +1.44 |
| Martin ratioReturn relative to average drawdown | 7.87 | 2.22 | +5.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNDC | EBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 0.64 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | -0.02 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.17 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.10 | +0.39 |
Drawdowns
FNDC vs. EBND - Drawdown Comparison
The maximum FNDC drawdown since its inception was -43.22%, which is greater than EBND's maximum drawdown of -29.51%. Use the drawdown chart below to compare losses from any high point for FNDC and EBND.
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Drawdown Indicators
| FNDC | EBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.22% | -29.51% | -13.71% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -6.63% | -4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -12.98% | -9.25% | -3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -32.13% | -27.57% | -4.56% |
Max Drawdown (10Y)Largest decline over 10 years | -43.22% | -29.50% | -13.72% |
Current DrawdownCurrent decline from peak | -4.11% | -4.24% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -10.86% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.02% | +0.99% |
Volatility
FNDC vs. EBND - Volatility Comparison
Schwab Fundamental International Small Co. Index ETF (FNDC) has a higher volatility of 4.98% compared to SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) at 2.45%. This indicates that FNDC's price experiences larger fluctuations and is considered to be riskier than EBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNDC | EBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 2.45% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.15% | 6.07% | +6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 7.03% | +7.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 8.99% | +7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 9.19% | +7.64% |
FNDC vs. EBND - Expense Ratio Comparison
FNDC has a 0.39% expense ratio, which is higher than EBND's 0.30% expense ratio.
Dividends
FNDC vs. EBND - Dividend Comparison
FNDC's dividend yield for the trailing twelve months is around 3.54%, less than EBND's 5.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 5.89% | 5.54% | 5.89% | 5.26% | 4.75% | 3.83% | 3.67% | 4.68% | 4.70% | 2.00% | 0.00% | 0.00% |
FNDC Schwab Fundamental International Small Co. Index ETF | 3.54% | 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
FNDC and EBND have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNDC has higher volatility (4.98%) compared to EBND (2.45%). In terms of maximum drawdown, FNDC dropped -43.22% vs EBND's -29.51%.
On 10-year performance, FNDC leads with 8.59% vs 1.53% for EBND. On fees, EBND is cheaper at 0.30% per year. On volatility, EBND has been the lower-risk option at 2.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FNDC has performed better with a 8.59% return vs 1.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EBND is cheaper with a 0.30% expense ratio, compared with 0.39% for FNDC.
EBND has the higher dividend yield at 5.89%, compared with 3.54% for FNDC.
FNDC is categorized as Foreign Small & Mid Cap Equities, while EBND is Emerging Markets Bonds. FNDC tracks Russell RAFI Small Company Developed x US, while EBND tracks Bloomberg Emerging Market Local Currency Government Diversified. They also come from different issuers: Charles Schwab and State Street. Their fees differ too: 0.39% for FNDC and 0.30% for EBND.
FNDC currently has the higher Sharpe Ratio (1.63 vs 0.64), 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.
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