FNDC vs. SFILX

Last updated Aug 4, 2026

FNDC (Schwab Fundamental International Small Equity ETF) and SFILX (Schwab Fundamental International Small Company Index Fund) are both Foreign Small & Mid Cap Equities funds from Charles Schwab. Over the past 10 years, FNDC returned 8.65%/yr vs 8.25%/yr for SFILX. Their 0.95 correlation means they have historically moved very closely together. Both charge a 0.39% expense ratio.

Performance

FNDC vs. SFILX - Performance Comparison

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

Returns By Period

In the year-to-date period, FNDC achieves a 11.89% return, which is significantly higher than SFILX's 10.73% return. Both investments have delivered pretty close results over the past 10 years, with FNDC having a 8.65% annualized return and SFILX not far behind at 8.25%.

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%

SFILX

• 1D: -0.87%
• 1M: 0.94%
• 6M: 4.45%
• YTD: 10.73%
• 1Y: 21.99%
• 3Y*: 16.61%
• 5Y*: 7.69%
• 10Y*: 8.25%
• ALL TIME*: 9.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FNDC Schwab Fundamental International Small Equity ETF	$3.68M	$3.93M	$9.60M
SFILX Schwab Fundamental International Small Company Index Fund	$0.00	$0.00	$0.00

FNDC vs. SFILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNDC Schwab Fundamental International Small Equity ETF	11.89%	35.65%	1.38%	14.92%	-14.71%	10.26%	6.58%	20.58%	-19.10%	29.22%
SFILX Schwab Fundamental International Small Company Index Fund	10.73%	36.17%	1.29%	14.80%	-14.89%	9.69%	7.50%	19.58%	-18.67%	26.08%

Correlation

The correlation between FNDC and SFILX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013	0.96

The correlation between FNDC and SFILX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

FNDC vs. SFILX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FNDC

FNDC Risk / Return Rank: 61
FNDC Sharpe Ratio Rank: 64
FNDC Sortino Ratio Rank: 65
FNDC Omega Ratio Rank: 64
FNDC Calmar Ratio Rank: 56
FNDC Martin Ratio Rank: 58

SFILX

SFILX Risk / Return Rank: 55
SFILX Sharpe Ratio Rank: 61
SFILX Sortino Ratio Rank: 61
SFILX Omega Ratio Rank: 61
SFILX Calmar Ratio Rank: 49
SFILX Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FNDC vs. SFILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Small Equity ETF (FNDC) and Schwab Fundamental International Small Company Index Fund (SFILX). 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	SFILX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.59	-0.05
Sortino ratio: Return per unit of downside risk	2.20	2.28	-0.08
Omega ratio: Gain probability vs. loss probability	1.28	1.29	-0.02
Calmar ratio: Return relative to maximum drawdown	2.06	1.98	+0.08
Martin ratio: Return relative to average drawdown	7.14	6.77	+0.37

FNDC vs. SFILX - Sharpe Ratio Comparison

The current FNDC Sharpe Ratio is 1.53, which is comparable to the SFILX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FNDC and SFILX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FNDC vs. SFILX - Drawdown Comparison

The maximum FNDC drawdown since its inception was -43.22%, roughly equal to the maximum SFILX drawdown of -43.13%. Use the drawdown chart below to compare losses from any high point for FNDC and SFILX.

Drawdown Indicators

	FNDC	SFILX	Difference
Max Drawdown Largest peak-to-trough decline	-43.22%	-43.13%	-0.09%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-11.35%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-12.00%	-11.95%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	-32.13%	-32.29%	+0.16%
Max Drawdown (10Y) Largest decline over 10 years	-43.22%	-43.13%	-0.09%
Current Drawdown Current decline from peak	-1.63%	-2.34%	+0.71%
Average Drawdown Average peak-to-trough decline	-8.38%	-8.14%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	3.31%	-0.08%

Volatility

FNDC vs. SFILX - Volatility Comparison

Schwab Fundamental International Small Equity ETF (FNDC) and Schwab Fundamental International Small Company Index Fund (SFILX) have volatilities of 4.23% and 4.38%, 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	SFILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	4.38%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	12.98%	12.03%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	15.07%	14.18%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	15.38%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.68%	16.01%	+0.67%

FNDC vs. SFILX - Expense Ratio Comparison

Both FNDC and SFILX have an expense ratio of 0.39%.

Dividends

FNDC vs. SFILX - Dividend Comparison

FNDC's dividend yield for the trailing twelve months is around 3.64%, less than SFILX's 7.60% 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%
SFILX Schwab Fundamental International Small Company Index Fund	7.60%	8.41%	4.71%	3.11%	4.88%	6.00%	1.98%	2.78%	5.77%	1.41%	2.45%	2.09%

Frequently Asked Questions

Can I hold both FNDC and SFILX in my portfolio?

With a correlation of 0.95, FNDC and SFILX 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 SFILX?

SFILX has higher volatility (4.38%) compared to FNDC (4.23%). In terms of maximum drawdown, FNDC dropped -43.22% vs SFILX's -43.13%.

Which has better risk-adjusted returns?

SFILX currently has the higher Sharpe Ratio (1.59 vs 1.53), 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.