FNDF vs. BKIE

Last updated Jun 4, 2026

FNDF (Schwab Fundamental International Large Company Index ETF) and BKIE (BNY Mellon International Equity ETF) are both Foreign Large Cap Equities funds - FNDF tracks the Russell Fundamental Developed ex-U.S. Large Company Index while BKIE tracks the Morningstar Developed Markets ex-US Large Cap Index. Both are passively managed. Over the past 5 years, FNDF returned 13.35%/yr vs 9.05%/yr for BKIE. With a 0.96 correlation, they move nearly in lockstep. FNDF charges 0.25%/yr vs 0.04%/yr for BKIE.

Performance

FNDF vs. BKIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental International Large Company Index ETF (FNDF) and BNY Mellon International Equity ETF (BKIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNDF achieves a 21.21% return, which is significantly higher than BKIE's 8.46% return.

FNDF

• 1D: -0.67%
• 1M: 6.97%
• YTD: 21.21%
• 6M: 24.72%
• 1Y: 44.71%
• 3Y*: 24.10%
• 5Y*: 13.35%
• 10Y*: 11.93%

BKIE

• 1D: -0.89%
• 1M: 3.12%
• YTD: 8.46%
• 6M: 11.11%
• 1Y: 22.58%
• 3Y*: 17.39%
• 5Y*: 9.05%
• 10Y*: —

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

FNDF vs. BKIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FNDF Schwab Fundamental International Large Company Index ETF	21.21%	40.99%	2.29%	20.22%	-7.78%	14.97%	40.35%
BKIE BNY Mellon International Equity ETF	8.46%	32.08%	4.63%	18.25%	-13.60%	13.75%	34.17%

Correlation

The correlation between FNDF and BKIE is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020	0.96

The correlation between FNDF and BKIE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

FNDF vs. BKIE - Sectors Allocation Comparison

Sectors	FNDF	BKIE
Financial Services	16.7%	25.8%
Industrials	15.9%	18.6%
Energy	12.3%	5.9%
Basic Materials	11.3%	7.2%
Technology	11.1%	10.1%
Consumer Cyclical	10.7%	7.3%
Consumer Defensive	6.9%	6.2%
Healthcare	5.5%	9.1%
Communication Services	4.9%	4.2%
Utilities	3.8%	3.7%
Real Estate	0.9%	2.0%

Return for Risk

FNDF vs. BKIE — Risk / Return Rank

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

FNDF

FNDF Risk / Return Rank: 84
FNDF Sharpe Ratio Rank: 88
FNDF Sortino Ratio Rank: 85
FNDF Omega Ratio Rank: 85
FNDF Calmar Ratio Rank: 80
FNDF Martin Ratio Rank: 80

BKIE

BKIE Risk / Return Rank: 43
BKIE Sharpe Ratio Rank: 43
BKIE Sortino Ratio Rank: 43
BKIE Omega Ratio Rank: 43
BKIE Calmar Ratio Rank: 39
BKIE Martin Ratio Rank: 46

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.

FNDF vs. BKIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Large Company Index ETF (FNDF) and BNY Mellon International Equity ETF (BKIE). 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.

	FNDF	BKIE	Difference
Sharpe ratio Return per unit of total volatility	2.99	1.56	+1.43
Sortino ratio Return per unit of downside risk	3.89	2.23	+1.66
Omega ratio Gain probability vs. loss probability	1.53	1.28	+0.25
Calmar ratio Return relative to maximum drawdown	4.24	1.99	+2.25
Martin ratio Return relative to average drawdown	16.19	7.68	+8.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNDF vs. BKIE - Sharpe Ratio Comparison

The current FNDF Sharpe Ratio is 2.99, which is higher than the BKIE Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of FNDF and BKIE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FNDF	BKIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.99	1.56	+1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.56	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.92	-0.38

Drawdowns

FNDF vs. BKIE - Drawdown Comparison

The maximum FNDF drawdown since its inception was -40.14%, which is greater than BKIE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for FNDF and BKIE.

Drawdown Indicators

	FNDF	BKIE	Difference
Max Drawdown Largest peak-to-trough decline	-40.14%	-28.19%	-11.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.60%	-11.41%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-13.89%	-13.19%	-0.70%
Max Drawdown (5Y) Largest decline over 5 years	-25.56%	-28.19%	+2.63%
Max Drawdown (10Y) Largest decline over 10 years	-40.14%	—	—
Current Drawdown Current decline from peak	-0.67%	-1.33%	+0.66%
Average Drawdown Average peak-to-trough decline	-7.64%	-4.98%	-2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	2.95%	-0.18%

Volatility

FNDF vs. BKIE - Volatility Comparison

Schwab Fundamental International Large Company Index ETF (FNDF) has a higher volatility of 5.26% compared to BNY Mellon International Equity ETF (BKIE) at 4.42%. This indicates that FNDF's price experiences larger fluctuations and is considered to be riskier than BKIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNDF	BKIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	4.42%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	12.53%	12.17%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	15.06%	14.58%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	16.12%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.67%	16.34%	+1.33%

FNDF vs. BKIE - Expense Ratio Comparison

FNDF has a 0.25% expense ratio, which is higher than BKIE's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FNDF vs. BKIE - Dividend Comparison

FNDF's dividend yield for the trailing twelve months is around 2.84%, less than BKIE's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKIE BNY Mellon International Equity ETF	3.26%	3.12%	3.31%	2.88%	2.97%	2.58%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%
FNDF Schwab Fundamental International Large Company Index ETF	2.84%	3.44%	4.01%	3.41%	3.10%	3.54%	2.17%	3.20%	3.47%	2.32%	2.42%	2.08%

Frequently Asked Questions

Can I hold both FNDF and BKIE in my portfolio?

With a correlation of 0.94, FNDF and BKIE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FNDF or BKIE?

FNDF has higher volatility (5.26%) compared to BKIE (4.42%). In terms of maximum drawdown, FNDF dropped -40.14% vs BKIE's -28.19%.

Which ETF is better, FNDF or BKIE?

On 5-year performance, FNDF leads with 13.35% vs 9.05% for BKIE. On fees, BKIE is cheaper at 0.04% per year. On volatility, BKIE has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNDF or BKIE?

Over the 5-year period, FNDF has performed better with a 13.35% return vs 9.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNDF or BKIE?

BKIE is cheaper with a 0.04% expense ratio, compared with 0.25% for FNDF.

Which ETF pays a higher dividend yield, FNDF or BKIE?

BKIE has the higher dividend yield at 3.26%, compared with 2.84% for FNDF.

What is the main difference between FNDF and BKIE?

FNDF tracks Russell Fundamental Developed ex-U.S. Large Company Index, while BKIE tracks Morningstar Developed Markets ex-US Large Cap Index. They also come from different issuers: Charles Schwab and BNY Mellon. Their fees differ too: 0.25% for FNDF and 0.04% for BKIE.

Which has better risk-adjusted returns?

FNDF currently has the higher Sharpe Ratio (2.99 vs 1.56), 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.