FNDE vs. AVEM
Compare and contrast key facts about Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) and Avantis Emerging Markets Equity ETF (AVEM).
FNDE and AVEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNDE is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Emerging Markets Large Company Index. It was launched on Aug 15, 2013. AVEM is a passively managed fund by American Century Investments that tracks the performance of the MSCI Emerging Markets Index. It was launched on Sep 17, 2019. Both FNDE and AVEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNDE or AVEM.
Key characteristics
| FNDE | AVEM | |
|---|---|---|
| YTD Return | 2.62% | 2.45% |
| 1Y Return | 13.29% | 15.84% |
| 3Y Return (Ann) | 0.80% | -2.61% |
| Sharpe Ratio | 0.82 | 0.94 |
| Daily Std Dev | 14.31% | 14.54% |
| Max Drawdown | -43.55% | -36.05% |
| Current Drawdown | -7.01% | -10.83% |
Correlation
The correlation between FNDE and AVEM is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FNDE vs. AVEM - Performance Comparison
In the year-to-date period, FNDE achieves a 2.62% return, which is significantly higher than AVEM's 2.45% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FNDE vs. AVEM - Expense Ratio Comparison
FNDE has a 0.39% expense ratio, which is higher than AVEM's 0.33% expense ratio.
Risk-Adjusted Performance
FNDE vs. AVEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) and Avantis Emerging Markets Equity ETF (AVEM). 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.
Dividends
FNDE vs. AVEM - Dividend Comparison
FNDE's dividend yield for the trailing twelve months is around 4.61%, more than AVEM's 2.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 4.61% | 4.74% | 5.59% | 4.32% | 2.50% | 3.47% | 3.04% | 2.05% | 1.65% | 2.02% | 1.36% | 0.51% |
AVEM Avantis Emerging Markets Equity ETF | 2.98% | 3.06% | 2.77% | 2.61% | 1.60% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNDE vs. AVEM - Drawdown Comparison
The maximum FNDE drawdown since its inception was -43.55%, which is greater than AVEM's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for FNDE and AVEM. For additional features, visit the drawdowns tool.
Volatility
FNDE vs. AVEM - Volatility Comparison
The current volatility for Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) is 3.62%, while Avantis Emerging Markets Equity ETF (AVEM) has a volatility of 3.86%. This indicates that FNDE experiences smaller price fluctuations and is considered to be less risky than AVEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.