FNDC vs. VOO

Last updated Jun 9, 2026

FNDC (Schwab Fundamental International Small Co. Index ETF) and VOO (Vanguard S&P 500 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 VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, FNDC returned 8.59%/yr vs 15.35%/yr for VOO. A 0.76 correlation means they provide meaningful diversification when combined. FNDC charges 0.39%/yr vs 0.03%/yr for VOO.

Performance

FNDC vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental International Small Co. Index ETF (FNDC) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FNDC having a 9.07% return and VOO slightly lower at 8.72%. Over the past 10 years, FNDC has underperformed VOO with an annualized return of 8.59%, while VOO has yielded a comparatively higher 15.35% 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%

VOO

• 1D: 0.25%
• 1M: 0.24%
• YTD: 8.72%
• 6M: 8.77%
• 1Y: 24.91%
• 3Y*: 21.45%
• 5Y*: 13.49%
• 10Y*: 15.35%

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

FNDC vs. VOO - 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%
VOO Vanguard S&P 500 ETF	8.72%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between FNDC and VOO is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Aug 16, 2013	0.76

The correlation between FNDC and VOO has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.

FNDC vs. VOO - Sectors Allocation Comparison

Sectors	FNDC	VOO
Industrials	25.8%	8.3%
Consumer Cyclical	12.8%	10.2%
Financial Services	11.5%	11.6%
Basic Materials	11.0%	1.8%
Technology	8.7%	35.7%
Real Estate	6.9%	1.9%
Consumer Defensive	6.3%	4.9%
Healthcare	4.9%	8.5%
Communication Services	4.8%	11.3%
Energy	4.6%	3.5%
Utilities	2.8%	2.4%

Return for Risk

FNDC vs. VOO — 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

VOO

VOO Risk / Return Rank: 69
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 68
VOO Omega Ratio Rank: 71
VOO Calmar Ratio Rank: 62
VOO Martin Ratio Rank: 75

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Small Co. Index ETF (FNDC) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.08	-0.44
Sortino ratio: Return per unit of downside risk	2.30	2.80	-0.50
Omega ratio: Gain probability vs. loss probability	1.30	1.38	-0.08
Calmar ratio: Return relative to maximum drawdown	2.12	2.81	-0.69
Martin ratio: Return relative to average drawdown	7.87	12.97	-5.10
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. VOO - Sharpe Ratio Comparison

The current FNDC Sharpe Ratio is 1.63, which is comparable to the VOO Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of FNDC and VOO, 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	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	2.08	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.80	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.85	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.88	-0.39

Drawdowns

FNDC vs. VOO - Drawdown Comparison

The maximum FNDC drawdown since its inception was -43.22%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FNDC and VOO.

Drawdown Indicators

	FNDC	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-43.22%	-33.99%	-9.23%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-8.90%	-2.30%
Max Drawdown (3Y) Largest decline over 3 years	-12.98%	-18.69%	+5.71%
Max Drawdown (5Y) Largest decline over 5 years	-32.13%	-24.52%	-7.61%
Max Drawdown (10Y) Largest decline over 10 years	-43.22%	-33.99%	-9.23%
Current Drawdown Current decline from peak	-4.11%	-2.66%	-1.45%
Average Drawdown Average peak-to-trough decline	-8.44%	-3.69%	-4.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	1.92%	+1.09%

Volatility

FNDC vs. VOO - Volatility Comparison

Schwab Fundamental International Small Co. Index ETF (FNDC) has a higher volatility of 4.98% compared to Vanguard S&P 500 ETF (VOO) at 3.73%. This indicates that FNDC's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNDC	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	3.73%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	12.15%	9.31%	+2.84%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	12.08%	+2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	16.85%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	18.03%	-1.20%

FNDC vs. VOO - Expense Ratio Comparison

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

Dividends

FNDC vs. VOO - Dividend Comparison

FNDC's dividend yield for the trailing twelve months is around 3.54%, more than VOO's 1.05% 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%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both FNDC and VOO in my portfolio?

FNDC and VOO have a correlation of 0.73, 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 VOO?

FNDC has higher volatility (4.98%) compared to VOO (3.73%). In terms of maximum drawdown, FNDC dropped -43.22% vs VOO's -33.99%.

Which ETF is better, FNDC or VOO?

On 10-year performance, VOO leads with 15.35% vs 8.59% for FNDC. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNDC or VOO?

Over the 10-year period, VOO has performed better with a 15.35% return vs 8.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNDC or VOO?

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

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

FNDC has the higher dividend yield at 3.54%, compared with 1.05% for VOO.

What is the main difference between FNDC and VOO?

FNDC is categorized as Foreign Small & Mid Cap Equities, while VOO is S&P 500. FNDC tracks Russell RAFI Small Company Developed x US, while VOO tracks S&P 500 Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.39% for FNDC and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.08 vs 1.63), 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.