FNDC vs. SCMB
FNDC (Schwab Fundamental International Small Co. Index ETF) and SCMB (Schwab Municipal 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 SCMB is a Municipal Bonds fund tracking the ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, FNDC returned 17.46%/yr vs 3.26%/yr for SCMB. At a 0.25 correlation, their price movements are largely independent. FNDC charges 0.39%/yr vs 0.03%/yr for SCMB.
Performance
FNDC vs. SCMB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNDC achieves a 11.54% return, which is significantly higher than SCMB's 1.07% return.
FNDC
- 1D
- 0.34%
- 1M
- 0.77%
- YTD
- 11.54%
- 6M
- 12.98%
- 1Y
- 26.36%
- 3Y*
- 17.46%
- 5Y*
- 7.25%
- 10Y*
- 9.15%
SCMB
- 1D
- 0.00%
- 1M
- 1.12%
- YTD
- 1.07%
- 6M
- 1.59%
- 1Y
- 6.26%
- 3Y*
- 3.26%
- 5Y*
- —
- 10Y*
- —
FNDC vs. SCMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FNDC Schwab Fundamental International Small Co. Index ETF | 11.54% | 35.65% | 1.38% | 14.92% | 17.18% |
SCMB Schwab Municipal Bond ETF | 1.07% | 3.78% | 0.91% | 5.86% | 2.88% |
Correlation
The correlation between FNDC and SCMB is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.25 |
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. SCMB — Risk / Return Rank
FNDC
SCMB
FNDC vs. SCMB - 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 Municipal Bond ETF (SCMB). 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 | SCMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.44 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.08 | +0.15 |
| Martin ratioReturn relative to average drawdown | 8.23 | 6.87 | +1.36 |
Loading charts...
Drawdowns
FNDC vs. SCMB - Drawdown Comparison
The maximum FNDC drawdown since its inception was -43.22%, which is greater than SCMB's maximum drawdown of -6.13%. Use the drawdown chart below to compare losses from any high point for FNDC and SCMB.
Loading charts...
Drawdown Indicators
| FNDC | SCMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.22% | -6.13% | -37.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -2.92% | -8.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.98% | -5.57% | -7.41% |
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 | -1.93% | -0.87% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -1.32% | -7.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 0.88% | +2.16% |
Volatility
FNDC vs. SCMB - Volatility Comparison
Schwab Fundamental International Small Co. Index ETF (FNDC) has a higher volatility of 5.51% compared to Schwab Municipal Bond ETF (SCMB) at 0.96%. This indicates that FNDC's price experiences larger fluctuations and is considered to be riskier than SCMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FNDC | SCMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 0.96% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.47% | 2.16% | +10.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.81% | 2.89% | +11.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 4.15% | +11.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 4.15% | +12.67% |
FNDC vs. SCMB - Expense Ratio Comparison
FNDC has a 0.39% expense ratio, which is higher than SCMB's 0.03% expense ratio.
Dividends
FNDC vs. SCMB - Dividend Comparison
FNDC's dividend yield for the trailing twelve months is around 3.46%, less than SCMB's 3.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDC Schwab Fundamental International Small Co. Index ETF | 3.46% | 3.86% | 3.59% | 2.86% | 1.98% | 2.58% | 1.77% | 2.71% | 2.68% | 1.94% | 1.95% | 1.30% |
SCMB Schwab Municipal Bond ETF | 3.54% | 3.36% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FNDC and SCMB have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNDC has higher volatility (5.51%) compared to SCMB (0.96%). In terms of maximum drawdown, FNDC dropped -43.22% vs SCMB's -6.13%.
On 3-year performance, FNDC leads with 17.46% vs 3.26% for SCMB. On fees, SCMB is cheaper at 0.03% per year. On volatility, SCMB has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FNDC has performed better with a 17.46% return vs 3.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCMB is cheaper with a 0.03% expense ratio, compared with 0.39% for FNDC.
SCMB has the higher dividend yield at 3.54%, compared with 3.46% for FNDC.
FNDC is categorized as Foreign Small & Mid Cap Equities, while SCMB is Municipal Bonds. FNDC tracks Russell RAFI Small Company Developed x US, while SCMB tracks ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross. Their fees differ too: 0.39% for FNDC and 0.03% for SCMB.
SCMB currently has the higher Sharpe Ratio (2.11 vs 1.69), 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.
Find the right allocation for FNDC and SCMB
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