FNDC vs. NISM
FNDC (Schwab Fundamental International Small Equity ETF) and NISM (NYLI International Small-Mid Cap Equity ETF) are both Foreign Small & Mid Cap Equities funds. FNDC is passively managed, while NISM is actively managed. Their correlation of 0.90 means they have usually moved in the same direction. FNDC charges 0.39%/yr vs 0.70%/yr for NISM.
Performance
FNDC vs. NISM - Performance Comparison
Loading charts...
Returns By Period
FNDC
- 1D
- 0.69%
- 1M
- 1.39%
- 6M
- 5.12%
- YTD
- 11.89%
- 1Y
- 22.97%
- 3Y*
- 17.45%
- 5Y*
- 7.83%
- 10Y*
- 8.65%
- ALL TIME*
- 7.87%
NISM
- 1D
- 0.68%
- 1M
- 1.59%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.68M | $3.93M | $9.60M | |
| $1.49K | $1.70K | $7.74K |
FNDC vs. NISM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FNDC Schwab Fundamental International Small Equity ETF | -0.07% |
NISM NYLI International Small-Mid Cap Equity ETF | 0.07% |
Correlation
The correlation between FNDC and NISM is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 13, 2026 | 0.90 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FNDC vs. NISM — Risk / Return Rank
FNDC
NISM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FNDC vs. NISM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Small Equity ETF (FNDC) and NYLI International Small-Mid Cap Equity ETF (NISM). 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.
| FNDC | NISM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | — | — |
| Martin ratioReturn relative to average drawdown | 7.14 | — | — |
Loading charts...
Drawdowns
FNDC vs. NISM - Drawdown Comparison
The maximum FNDC drawdown since its inception was -43.22%, which is greater than NISM's maximum drawdown of -4.35%. Use the drawdown chart below to compare losses from any high point for FNDC and NISM.
Loading charts...
Drawdown Indicators
| FNDC | NISM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.22% | -4.35% | -38.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -12.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.22% | — | — |
Current DrawdownCurrent decline from peak | -1.63% | -0.01% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -1.77% | -6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | — | — |
Volatility
FNDC vs. NISM - Volatility Comparison
Loading charts...
Volatility by Period
| FNDC | NISM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.07% | 14.21% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 14.21% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.68% | 14.21% | +2.47% |
FNDC vs. NISM - Expense Ratio Comparison
FNDC has a 0.39% expense ratio, which is lower than NISM's 0.70% expense ratio.
Dividends
FNDC vs. NISM - Dividend Comparison
FNDC's dividend yield for the trailing twelve months is around 3.64%, more than NISM's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDC Schwab Fundamental International Small Equity ETF | 3.64% | 3.86% | 3.59% | 2.86% | 1.98% | 2.58% | 1.77% | 2.71% | 2.68% | 1.94% | 1.95% | 1.30% |
NISM NYLI International Small-Mid Cap Equity ETF | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, FNDC and NISM 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.
On fees, FNDC is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FNDC is cheaper with a 0.39% expense ratio, compared with 0.70% for NISM.
FNDC has the higher dividend yield at 3.64%, compared with 0.24% for NISM.
They also come from different issuers: Charles Schwab and New York Life. Their fees differ too: 0.39% for FNDC and 0.70% for NISM.
Find the right allocation for FNDC and NISM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer