FNDE vs. USOY
FNDE (Schwab Fundamental Emerging Markets Large Company Index ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - FNDE is a Emerging Markets Equities fund tracking the Russell Fundamental Emerging Markets Large Company Index, while USOY is a Derivative Income fund actively managed by Defiance. FNDE is passively managed, while USOY is actively managed. Over the past year, FNDE returned 35.50% vs 54.64% for USOY. At a 0.02 correlation, their price movements are largely independent. FNDE charges 0.39%/yr vs 1.22%/yr for USOY.
Performance
FNDE vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, FNDE achieves a 15.11% return, which is significantly lower than USOY's 59.27% return.
FNDE
- 1D
- -0.38%
- 1M
- 1.39%
- YTD
- 15.11%
- 6M
- 15.70%
- 1Y
- 35.50%
- 3Y*
- 21.46%
- 5Y*
- 9.49%
- 10Y*
- 11.11%
USOY
- 1D
- -1.79%
- 1M
- -3.80%
- YTD
- 59.27%
- 6M
- 55.41%
- 1Y
- 54.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNDE vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 15.11% | 29.46% | 2.47% |
USOY Defiance Oil Enhanced Options Income ETF | 59.27% | -7.93% | 7.27% |
Correlation
The correlation between FNDE and USOY is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | 0.02 |
The correlation between FNDE and USOY shifts across timeframes, from -0.23 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FNDE vs. USOY — Risk / Return Rank
FNDE
USOY
FNDE vs. USOY - 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 Defiance Oil Enhanced Options Income ETF (USOY). 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 | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.33 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 3.84 | -0.35 |
| Martin ratioReturn relative to average drawdown | 13.19 | 7.37 | +5.82 |
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 | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 1.80 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.95 | -0.57 |
Drawdowns
FNDE vs. USOY - Drawdown Comparison
The maximum FNDE drawdown since its inception was -43.55%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for FNDE and USOY.
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Drawdown Indicators
| FNDE | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.55% | -17.46% | -26.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -14.29% | +4.06% |
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 | -1.98% | -6.81% | +4.83% |
Average DrawdownAverage peak-to-trough decline | -11.71% | -6.47% | -5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 7.43% | -4.73% |
Volatility
FNDE vs. USOY - Volatility Comparison
The current volatility for Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) is 5.23%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.67%. This indicates that FNDE experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNDE | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 11.67% | -6.44% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 27.26% | -14.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 30.50% | -15.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 26.14% | -9.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 26.14% | -6.84% |
FNDE vs. USOY - Expense Ratio Comparison
FNDE has a 0.39% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
FNDE vs. USOY - Dividend Comparison
FNDE's dividend yield for the trailing twelve months is around 3.64%, less than USOY's 56.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 3.64% | 4.19% | 4.82% | 4.74% | 5.59% | 4.32% | 2.50% | 3.47% | 2.98% | 2.05% | 1.65% | 2.02% |
USOY Defiance Oil Enhanced Options Income ETF | 56.65% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FNDE and USOY have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOY has higher volatility (11.67%) compared to FNDE (5.23%). In terms of maximum drawdown, FNDE dropped -43.55% vs USOY's -17.46%.
On 1-year performance, USOY leads with 54.64% vs 35.50% for FNDE. On fees, FNDE is cheaper at 0.39% per year. On volatility, FNDE has been the lower-risk option at 5.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOY has performed better with a 54.64% return vs 35.50%. 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 1.22% for USOY.
USOY has the higher dividend yield at 56.65%, compared with 3.64% for FNDE.
FNDE is categorized as Emerging Markets Equities, while USOY is Derivative Income. They also come from different issuers: Charles Schwab and Defiance. Their fees differ too: 0.39% for FNDE and 1.22% for USOY.
FNDE currently has the higher Sharpe Ratio (2.38 vs 1.80), 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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