FNDE vs. VEXC

Last updated Jun 24, 2026

FNDE (Schwab Fundamental Emerging Markets Equity ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - FNDE tracks the RAFI Fundamental High Liquidity Emerging Markets Index (Net) while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. FNDE charges 0.39%/yr vs 0.07%/yr for VEXC.

Performance

FNDE vs. VEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental Emerging Markets Equity ETF (FNDE) and Vanguard Emerging Markets Ex-China ETF (VEXC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNDE achieves a 11.56% return, which is significantly lower than VEXC's 20.67% return.

FNDE

• 1D: -2.50%
• 1M: -0.84%
• YTD: 11.56%
• 6M: 11.69%
• 1Y: 29.54%
• 3Y*: 19.89%
• 5Y*: 9.15%
• 10Y*: 11.02%

VEXC

• 1D: -3.33%
• 1M: 3.67%
• YTD: 20.67%
• 6M: 21.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FNDE vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
FNDE Schwab Fundamental Emerging Markets Equity ETF	11.56%	2.92%
VEXC Vanguard Emerging Markets Ex-China ETF	20.67%	4.50%

Correlation

The correlation between FNDE and VEXC is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.88

Return for Risk

FNDE vs. VEXC — Risk / Return Rank

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

FNDE

FNDE Risk / Return Rank: 59
FNDE Sharpe Ratio Rank: 58
FNDE Sortino Ratio Rank: 54
FNDE Omega Ratio Rank: 59
FNDE Calmar Ratio Rank: 61
FNDE Martin Ratio Rank: 61

VEXC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental Emerging Markets Equity ETF (FNDE) and Vanguard Emerging Markets Ex-China ETF (VEXC). 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	VEXC	Difference
Sharpe ratio: Return per unit of total volatility	1.88	—	—
Sortino ratio: Return per unit of downside risk	2.51	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.90	—	—
Martin ratio: Return relative to average drawdown	10.42	—	—

Drawdowns

FNDE vs. VEXC - Drawdown Comparison

The maximum FNDE drawdown since its inception was -43.55%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for FNDE and VEXC.

Drawdown Indicators

	FNDE	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-43.55%	-12.42%	-31.13%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	—	—
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 Drawdown Current decline from peak	-5.01%	-3.33%	-1.68%
Average Drawdown Average peak-to-trough decline	-11.67%	-2.23%	-9.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	—	—

Volatility

Volatility by Period

	FNDE	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.83%	20.27%	-4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	20.27%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	20.27%	-1.07%

FNDE vs. VEXC - Expense Ratio Comparison

FNDE has a 0.39% expense ratio, which is higher than VEXC's 0.07% expense ratio.

Dividends

FNDE vs. VEXC - Dividend Comparison

FNDE's dividend yield for the trailing twelve months is around 3.75%, more than VEXC's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDE Schwab Fundamental Emerging Markets Equity ETF	3.75%	4.19%	4.82%	4.74%	5.59%	4.32%	2.50%	3.47%	2.98%	2.05%	1.65%	2.02%
VEXC Vanguard Emerging Markets Ex-China ETF	1.43%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FNDE and VEXC in my portfolio?

FNDE and VEXC have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FNDE or VEXC?

On fees, VEXC is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FNDE or VEXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.39% for FNDE.

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

FNDE has the higher dividend yield at 3.75%, compared with 1.43% for VEXC.

What is the main difference between FNDE and VEXC?

FNDE tracks RAFI Fundamental High Liquidity Emerging Markets Index (Net), while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.39% for FNDE and 0.07% for VEXC.