FNDE vs. SCHP

Last updated Jun 13, 2026

FNDE (Schwab Fundamental Emerging Markets Large Company Index ETF) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - FNDE is a Emerging Markets Equities fund tracking the Russell Fundamental Emerging Markets Large Company Index, 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, FNDE returned 11.35%/yr vs 2.60%/yr for SCHP. At a 0.04 correlation, their price movements are largely independent. FNDE charges 0.39%/yr vs 0.03%/yr for SCHP.

Performance

FNDE vs. SCHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) 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, FNDE achieves a 13.70% return, which is significantly higher than SCHP's 1.42% return. Over the past 10 years, FNDE has outperformed SCHP with an annualized return of 11.35%, while SCHP has yielded a comparatively lower 2.60% annualized return.

FNDE

• 1D: 0.66%
• 1M: -0.85%
• YTD: 13.70%
• 6M: 15.79%
• 1Y: 29.82%
• 3Y*: 19.78%
• 5Y*: 9.29%
• 10Y*: 11.35%

SCHP

• 1D: 0.04%
• 1M: -0.18%
• YTD: 1.42%
• 6M: 1.48%
• 1Y: 4.71%
• 3Y*: 4.14%
• 5Y*: 1.06%
• 10Y*: 2.60%

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

FNDE vs. SCHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	13.70%	29.46%	12.10%	14.99%	-15.58%	14.41%	-2.77%	19.75%	-10.37%	26.77%
SCHP Schwab U.S. TIPS ETF	1.42%	6.76%	1.95%	3.91%	-12.02%	5.87%	10.86%	8.52%	-1.78%	3.02%

Correlation

The correlation between FNDE and SCHP is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013	0.04

Over the past year, FNDE and SCHP have become more correlated (0.27) than their long-term average of 0.04, meaning their price movements have been converging.

FNDE vs. SCHP - Sectors Allocation Comparison

Sectors	FNDE	SCHP
Financial Services	23.8%	0.0%
Technology	18.7%	-
Energy	15.5%	-
Basic Materials	13.6%	-
Consumer Cyclical	9.5%	100.0%
Communication Services	6.6%	-
Industrials	4.7%	-
Consumer Defensive	3.1%	-
Utilities	2.5%	-
Real Estate	1.5%	-
Healthcare	0.5%	-

Return for Risk

FNDE vs. SCHP — Risk / Return Rank

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

FNDE

FNDE Risk / Return Rank: 67
FNDE Sharpe Ratio Rank: 68
FNDE Sortino Ratio Rank: 65
FNDE Omega Ratio Rank: 69
FNDE Calmar Ratio Rank: 67
FNDE Martin Ratio Rank: 67

SCHP

SCHP Risk / Return Rank: 50
SCHP Sharpe Ratio Rank: 47
SCHP Sortino Ratio Rank: 51
SCHP Omega Ratio Rank: 45
SCHP Calmar Ratio Rank: 56
SCHP Martin Ratio Rank: 50

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.

FNDE vs. SCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) 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.

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.

	FNDE	SCHP	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.44	+0.48
Sortino ratio: Return per unit of downside risk	2.58	2.19	+0.40
Omega ratio: Gain probability vs. loss probability	1.35	1.25	+0.10
Calmar ratio: Return relative to maximum drawdown	2.93	2.45	+0.48
Martin ratio: Return relative to average drawdown	10.67	7.41	+3.27

FNDE vs. SCHP - Sharpe Ratio Comparison

The current FNDE Sharpe Ratio is 1.92, which is higher than the SCHP Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of FNDE 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.

Drawdowns

FNDE vs. SCHP - Drawdown Comparison

The maximum FNDE drawdown since its inception was -43.55%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for FNDE and SCHP.

Drawdown Indicators

	FNDE	SCHP	Difference
Max Drawdown Largest peak-to-trough decline	-43.55%	-14.26%	-29.29%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	-1.93%	-8.30%
Max Drawdown (3Y) Largest decline over 3 years	-18.40%	-4.48%	-13.92%
Max Drawdown (5Y) Largest decline over 5 years	-29.44%	-14.26%	-15.18%
Max Drawdown (10Y) Largest decline over 10 years	-39.93%	-14.26%	-25.67%
Current Drawdown Current decline from peak	-3.19%	-0.44%	-2.75%
Average Drawdown Average peak-to-trough decline	-11.69%	-3.93%	-7.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	0.64%	+2.16%

Volatility

FNDE vs. SCHP - Volatility Comparison

Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) has a higher volatility of 6.30% compared to Schwab U.S. TIPS ETF (SCHP) at 1.02%. This indicates that FNDE'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

	FNDE	SCHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.30%	1.02%	+5.28%
Volatility (6M) Calculated over the trailing 6-month period	13.07%	2.24%	+10.83%
Volatility (1Y) Calculated over the trailing 1-year period	15.61%	3.30%	+12.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.01%	6.12%	+10.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	5.59%	+13.71%

FNDE vs. SCHP - Expense Ratio Comparison

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

Dividends

FNDE vs. SCHP - Dividend Comparison

FNDE's dividend yield for the trailing twelve months is around 3.68%, less than SCHP's 3.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	3.68%	4.19%	4.82%	4.74%	5.59%	4.32%	2.50%	3.47%	2.98%	2.05%	1.65%	2.02%
SCHP Schwab U.S. TIPS ETF	3.99%	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 FNDE and SCHP in my portfolio?

FNDE and SCHP have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNDE or SCHP?

FNDE has higher volatility (6.30%) compared to SCHP (1.02%). In terms of maximum drawdown, FNDE dropped -43.55% vs SCHP's -14.26%.

Which ETF is better, FNDE or SCHP?

On 10-year performance, FNDE leads with 11.35% vs 2.60% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNDE or SCHP?

Over the 10-year period, FNDE has performed better with a 11.35% return vs 2.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNDE or SCHP?

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

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

SCHP has the higher dividend yield at 3.99%, compared with 3.68% for FNDE.

What is the main difference between FNDE and SCHP?

FNDE is categorized as Emerging Markets Equities, while SCHP is Inflation-Protected Bonds. FNDE tracks Russell Fundamental Emerging Markets Large Company Index, while SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). Their fees differ too: 0.39% for FNDE and 0.03% for SCHP.

Which has better risk-adjusted returns?

FNDE currently has the higher Sharpe Ratio (1.92 vs 1.44), 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.