FNDE vs. SSHQX
Compare and contrast key facts about Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) and State Street Hedged International Developed Equity Index Fund (SSHQX).
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. SSHQX is managed by State Street. It was launched on May 29, 2015.
Performance
FNDE vs. SSHQX - Performance Comparison
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FNDE vs. SSHQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 5.77% | 29.46% | 12.10% | 14.99% | -15.58% | 14.41% | -2.77% | 19.75% | -10.37% | 26.77% |
SSHQX State Street Hedged International Developed Equity Index Fund | 2.41% | 23.42% | 13.71% | 19.74% | -4.73% | 19.32% | -89.75% | 24.83% | -9.27% | 16.85% |
Returns By Period
In the year-to-date period, FNDE achieves a 5.77% return, which is significantly higher than SSHQX's 2.41% return. Over the past 10 years, FNDE has outperformed SSHQX with an annualized return of 10.20%, while SSHQX has yielded a comparatively lower -11.24% annualized return.
FNDE
- 1D
- -0.31%
- 1M
- -4.39%
- YTD
- 5.77%
- 6M
- 8.85%
- 1Y
- 28.73%
- 3Y*
- 18.86%
- 5Y*
- 9.45%
- 10Y*
- 10.20%
SSHQX
- 1D
- 1.89%
- 1M
- -4.81%
- YTD
- 2.41%
- 6M
- 8.34%
- 1Y
- 21.02%
- 3Y*
- 16.59%
- 5Y*
- 12.47%
- 10Y*
- -11.24%
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FNDE vs. SSHQX - Expense Ratio Comparison
FNDE has a 0.39% expense ratio, which is higher than SSHQX's 0.20% expense ratio.
Return for Risk
FNDE vs. SSHQX — Risk / Return Rank
FNDE
SSHQX
FNDE vs. SSHQX - 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 State Street Hedged International Developed Equity Index Fund (SSHQX). 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.
| FNDE | SSHQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 1.36 | +0.26 |
Sortino ratioReturn per unit of downside risk | 2.19 | 1.89 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.77 | +0.35 |
Martin ratioReturn relative to average drawdown | 9.45 | 7.39 | +2.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNDE | SSHQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.36 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.94 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | -0.35 | +0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.36 | +0.70 |
Correlation
The correlation between FNDE and SSHQX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FNDE vs. SSHQX - Dividend Comparison
FNDE's dividend yield for the trailing twelve months is around 3.96%, more than SSHQX's 3.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 3.96% | 4.19% | 4.82% | 4.74% | 5.59% | 4.32% | 2.50% | 3.47% | 2.98% | 2.05% | 1.65% | 2.02% |
SSHQX State Street Hedged International Developed Equity Index Fund | 3.52% | 3.60% | 3.11% | 3.77% | 22.27% | 2.93% | 2.03% | 5.14% | 7.33% | 3.12% | 4.30% | 0.00% |
Drawdowns
FNDE vs. SSHQX - Drawdown Comparison
The maximum FNDE drawdown since its inception was -43.55%, smaller than the maximum SSHQX drawdown of -92.12%. Use the drawdown chart below to compare losses from any high point for FNDE and SSHQX.
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Drawdown Indicators
| FNDE | SSHQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.55% | -92.12% | +48.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.67% | -11.15% | -2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -29.44% | -14.79% | -14.65% |
Max Drawdown (10Y)Largest decline over 10 years | -39.93% | -92.12% | +52.19% |
Current DrawdownCurrent decline from peak | -6.70% | -80.46% | +73.76% |
Average DrawdownAverage peak-to-trough decline | -11.84% | -51.83% | +39.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 2.74% | +0.35% |
Volatility
FNDE vs. SSHQX - Volatility Comparison
Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) has a higher volatility of 6.91% compared to State Street Hedged International Developed Equity Index Fund (SSHQX) at 6.05%. This indicates that FNDE's price experiences larger fluctuations and is considered to be riskier than SSHQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNDE | SSHQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 6.05% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 11.93% | 9.40% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.79% | 15.69% | +2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 13.32% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.41% | 32.23% | -12.82% |