FNDC vs. SCHP

Last updated Jun 9, 2026

FNDC (Schwab Fundamental International Small Co. Index ETF) and SCHP (Schwab U.S. TIPS 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 SCHP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). Both are passively managed. Over the past 10 years, FNDC returned 8.59%/yr vs 2.53%/yr for SCHP. At a 0.07 correlation, their price movements are largely independent. FNDC charges 0.39%/yr vs 0.03%/yr for SCHP.

Performance

FNDC vs. SCHP - Performance Comparison

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

Returns By Period

In the year-to-date period, FNDC achieves a 9.07% return, which is significantly higher than SCHP's 0.96% return. Over the past 10 years, FNDC has outperformed SCHP with an annualized return of 8.59%, while SCHP has yielded a comparatively lower 2.53% 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%

SCHP

• 1D: -0.19%
• 1M: -0.89%
• YTD: 0.96%
• 6M: 0.95%
• 1Y: 4.80%
• 3Y*: 3.84%
• 5Y*: 1.02%
• 10Y*: 2.53%

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

FNDC vs. SCHP - 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%
SCHP Schwab U.S. TIPS ETF	0.96%	6.76%	1.95%	3.91%	-12.02%	5.87%	10.86%	8.52%	-1.78%	3.02%

Correlation

The correlation between FNDC and SCHP is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Aug 16, 2013	0.07

Over the past year, FNDC and SCHP have become more correlated (0.32) than their long-term average of 0.07, meaning their price movements have been converging.

FNDC vs. SCHP - Sectors Allocation Comparison

Sectors	FNDC	SCHP
Industrials	25.8%	-
Consumer Cyclical	12.8%	100.0%
Financial Services	11.5%	0.0%
Basic Materials	11.0%	-
Technology	8.7%	-
Real Estate	6.9%	-
Consumer Defensive	6.3%	-
Healthcare	4.9%	-
Communication Services	4.8%	-
Energy	4.6%	-
Utilities	2.8%	-

Return for Risk

FNDC vs. SCHP — Risk / Return Rank

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

FNDC

FNDC Risk / Return Rank: 51
FNDC Sharpe Ratio Rank: 53
FNDC Sortino Ratio Rank: 53
FNDC Omega Ratio Rank: 53
FNDC Calmar Ratio Rank: 47
FNDC Martin Ratio Rank: 51

SCHP

SCHP Risk / Return Rank: 49
SCHP Sharpe Ratio Rank: 46
SCHP Sortino Ratio Rank: 50
SCHP Omega Ratio Rank: 45
SCHP Calmar Ratio Rank: 56
SCHP Martin Ratio Rank: 49

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. SCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Small Co. Index ETF (FNDC) and Schwab U.S. TIPS ETF (SCHP). 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	SCHP	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.47	+0.17
Sortino ratio: Return per unit of downside risk	2.30	2.23	+0.07
Omega ratio: Gain probability vs. loss probability	1.30	1.26	+0.04
Calmar ratio: Return relative to maximum drawdown	2.12	2.50	-0.38
Martin ratio: Return relative to average drawdown	7.87	7.59	+0.28
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. SCHP - Sharpe Ratio Comparison

The current FNDC Sharpe Ratio is 1.63, which is comparable to the SCHP Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of FNDC and SCHP, 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	SCHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	1.47	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.17	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.45	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.50	-0.01

Drawdowns

FNDC vs. SCHP - Drawdown Comparison

The maximum FNDC drawdown since its inception was -43.22%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for FNDC and SCHP.

Drawdown Indicators

	FNDC	SCHP	Difference
Max Drawdown Largest peak-to-trough decline	-43.22%	-14.26%	-28.96%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-1.93%	-9.27%
Max Drawdown (3Y) Largest decline over 3 years	-12.98%	-4.48%	-8.50%
Max Drawdown (5Y) Largest decline over 5 years	-32.13%	-14.26%	-17.87%
Max Drawdown (10Y) Largest decline over 10 years	-43.22%	-14.26%	-28.96%
Current Drawdown Current decline from peak	-4.11%	-0.89%	-3.22%
Average Drawdown Average peak-to-trough decline	-8.44%	-3.93%	-4.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	0.63%	+2.38%

Volatility

FNDC vs. SCHP - Volatility Comparison

Schwab Fundamental International Small Co. Index ETF (FNDC) has a higher volatility of 4.98% compared to Schwab U.S. TIPS ETF (SCHP) at 1.00%. This indicates that FNDC's price experiences larger fluctuations and is considered to be riskier than SCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNDC	SCHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	1.00%	+3.98%
Volatility (6M) Calculated over the trailing 6-month period	12.15%	2.24%	+9.91%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	3.29%	+11.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	6.12%	+9.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	5.59%	+11.24%

FNDC vs. SCHP - Expense Ratio Comparison

FNDC has a 0.39% expense ratio, which is higher than SCHP's 0.03% expense ratio.

Dividends

FNDC vs. SCHP - Dividend Comparison

FNDC's dividend yield for the trailing twelve months is around 3.54%, less than SCHP's 4.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SCHP Schwab U.S. TIPS ETF	4.01%	4.06%	2.99%	3.02%	7.19%	4.39%	1.11%	2.02%	2.26%	1.90%	1.38%	0.28%

Frequently Asked Questions

Can I hold both FNDC and SCHP in my portfolio?

FNDC and SCHP have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNDC or SCHP?

FNDC has higher volatility (4.98%) compared to SCHP (1.00%). In terms of maximum drawdown, FNDC dropped -43.22% vs SCHP's -14.26%.

Which ETF is better, FNDC or SCHP?

On 10-year performance, FNDC leads with 8.59% vs 2.53% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 1.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNDC or SCHP?

Over the 10-year period, FNDC has performed better with a 8.59% return vs 2.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNDC or SCHP?

SCHP is cheaper with a 0.03% expense ratio, compared with 0.39% for FNDC.

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

SCHP has the higher dividend yield at 4.01%, compared with 3.54% for FNDC.

What is the main difference between FNDC and SCHP?

FNDC is categorized as Foreign Small & Mid Cap Equities, while SCHP is Inflation-Protected Bonds. FNDC tracks Russell RAFI Small Company Developed x US, while SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). Their fees differ too: 0.39% for FNDC and 0.03% for SCHP.

Which has better risk-adjusted returns?

FNDC currently has the higher Sharpe Ratio (1.63 vs 1.47), 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.