FNDE vs. TDEC
FNDE (Schwab Fundamental Emerging Markets Large Company Index ETF) and TDEC (FT Vest Emerging Markets Buffer ETF - December) are both exchange-traded funds - FNDE is a Emerging Markets Equities fund tracking the Russell Fundamental Emerging Markets Large Company Index, while TDEC is a Defined Outcome fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past year, FNDE returned 36.88% vs 24.15% for TDEC. Their correlation of 0.89 suggests significant overlap in exposure. FNDE charges 0.39%/yr vs 0.95%/yr for TDEC.
Performance
FNDE vs. TDEC - Performance Comparison
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Returns By Period
In the year-to-date period, FNDE achieves a 15.56% return, which is significantly higher than TDEC's 9.14% return.
FNDE
- 1D
- -1.61%
- 1M
- 3.09%
- YTD
- 15.56%
- 6M
- 16.15%
- 1Y
- 36.88%
- 3Y*
- 21.61%
- 5Y*
- 9.57%
- 10Y*
- 11.28%
TDEC
- 1D
- -0.33%
- 1M
- 1.54%
- YTD
- 9.14%
- 6M
- 11.08%
- 1Y
- 24.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNDE vs. TDEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 15.56% | 29.46% | -0.99% |
TDEC FT Vest Emerging Markets Buffer ETF - December | 9.14% | 21.39% | -0.70% |
Correlation
The correlation between FNDE and TDEC is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2024 | 0.89 |
The correlation between FNDE and TDEC has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
FNDE vs. TDEC — Risk / Return Rank
FNDE
TDEC
FNDE vs. TDEC - 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 FT Vest Emerging Markets Buffer ETF - December (TDEC). 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 | TDEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.54 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 2.97 | +0.65 |
| Martin ratioReturn relative to average drawdown | 13.71 | 13.07 | +0.65 |
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 | TDEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 2.41 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 1.81 | -1.43 |
Drawdowns
FNDE vs. TDEC - Drawdown Comparison
The maximum FNDE drawdown since its inception was -43.55%, which is greater than TDEC's maximum drawdown of -10.30%. Use the drawdown chart below to compare losses from any high point for FNDE and TDEC.
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Drawdown Indicators
| FNDE | TDEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.55% | -10.30% | -33.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -8.16% | -2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -18.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.93% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -0.33% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -11.71% | -1.04% | -10.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 1.85% | +0.85% |
Volatility
FNDE vs. TDEC - Volatility Comparison
Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) has a higher volatility of 5.34% compared to FT Vest Emerging Markets Buffer ETF - December (TDEC) at 2.81%. This indicates that FNDE's price experiences larger fluctuations and is considered to be riskier than TDEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNDE | TDEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 2.81% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 9.02% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 10.09% | +4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 11.75% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 11.75% | +7.55% |
FNDE vs. TDEC - Expense Ratio Comparison
FNDE has a 0.39% expense ratio, which is lower than TDEC's 0.95% expense ratio.
Dividends
FNDE vs. TDEC - Dividend Comparison
FNDE's dividend yield for the trailing twelve months is around 3.62%, while TDEC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 3.62% | 4.19% | 4.82% | 4.74% | 5.59% | 4.32% | 2.50% | 3.47% | 2.98% | 2.05% | 1.65% | 2.02% |
TDEC FT Vest Emerging Markets Buffer ETF - December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FNDE and TDEC have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNDE has higher volatility (5.34%) compared to TDEC (2.81%). In terms of maximum drawdown, FNDE dropped -43.55% vs TDEC's -10.30%.
On 1-year performance, FNDE leads with 36.88% vs 24.15% for TDEC. On fees, FNDE is cheaper at 0.39% per year. On volatility, TDEC has been the lower-risk option at 2.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FNDE has performed better with a 36.88% return vs 24.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNDE is cheaper with a 0.39% expense ratio, compared with 0.95% for TDEC.
FNDE has the higher dividend yield at 3.62%, compared with 0.00% for TDEC.
FNDE is categorized as Emerging Markets Equities, while TDEC is Defined Outcome. FNDE tracks Russell Fundamental Emerging Markets Large Company Index, while TDEC tracks MSCI Emerging Markets. They also come from different issuers: Charles Schwab and FT Vest. Their fees differ too: 0.39% for FNDE and 0.95% for TDEC.
FNDE currently has the higher Sharpe Ratio (2.47 vs 2.41), 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.
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