FNDF vs. FIDI
FNDF (Schwab Fundamental International Equity ETF) and FIDI (Fidelity International High Dividend ETF) are both Foreign Large Cap Equities funds - FNDF tracks the RAFI Fundamental High Liquidity Developed ex US Large Index (Net) while FIDI tracks the Fidelity® International High Dividend Index. Both are passively managed. Over the past 5 years, FNDF returned 14.24%/yr vs 12.70%/yr for FIDI. Their correlation of 0.90 means they have usually moved in the same direction. FNDF charges 0.25%/yr vs 0.39%/yr for FIDI.
Performance
FNDF vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, FNDF achieves a 20.14% return, which is significantly higher than FIDI's 15.58% return.
FNDF
- 1D
- -0.59%
- 1M
- 2.41%
- 6M
- 11.85%
- YTD
- 20.14%
- 1Y
- 40.23%
- 3Y*
- 21.76%
- 5Y*
- 14.24%
- 10Y*
- 11.86%
- ALL TIME*
- 9.07%
FIDI
- 1D
- -0.92%
- 1M
- 5.97%
- 6M
- 10.31%
- YTD
- 15.58%
- 1Y
- 31.31%
- 3Y*
- 19.48%
- 5Y*
- 12.70%
- 10Y*
- —
- ALL TIME*
- 6.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.62M | $1.95M | $1.81M | |
| $75.61M | $73.89M | $78.20M |
FNDF vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNDF Schwab Fundamental International Equity ETF | 20.14% | 40.99% | 2.29% | 20.22% | -7.78% | 14.97% | 3.61% | 18.46% | -18.32% |
FIDI Fidelity International High Dividend ETF | 15.58% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
Correlation
The correlation between FNDF and FIDI is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.90 |
The correlation between FNDF and FIDI shifts across timeframes, from 0.82 (1 year) to 0.93 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FNDF vs. FIDI — Risk / Return Rank
FNDF
FIDI
FNDF vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Equity ETF (FNDF) and Fidelity International High Dividend ETF (FIDI). 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.
| FNDF | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.48 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 4.51 | -0.74 |
| Martin ratioReturn relative to average drawdown | 13.23 | 15.65 | -2.42 |
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Drawdowns
FNDF vs. FIDI - Drawdown Comparison
The maximum FNDF drawdown since its inception was -40.14%, smaller than the maximum FIDI drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for FNDF and FIDI.
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Drawdown Indicators
| FNDF | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -46.34% | +6.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.60% | -6.96% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -12.09% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -26.05% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | — | — |
Current DrawdownCurrent decline from peak | -1.55% | -0.92% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -9.63% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.00% | +1.02% |
Volatility
FNDF vs. FIDI - Volatility Comparison
Schwab Fundamental International Equity ETF (FNDF) has a higher volatility of 4.54% compared to Fidelity International High Dividend ETF (FIDI) at 2.97%. This indicates that FNDF's price experiences larger fluctuations and is considered to be riskier than FIDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNDF | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 2.97% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.24% | 9.31% | +4.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 11.62% | +4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 14.81% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 18.62% | -1.19% |
FNDF vs. FIDI - Expense Ratio Comparison
FNDF has a 0.25% expense ratio, which is lower than FIDI's 0.39% expense ratio.
Dividends
FNDF vs. FIDI - Dividend Comparison
FNDF's dividend yield for the trailing twelve months is around 3.03%, less than FIDI's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 3.90% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% | 0.00% | 0.00% |
FNDF Schwab Fundamental International Equity ETF | 3.03% | 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
FNDF and FIDI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNDF has higher volatility (4.54%) compared to FIDI (2.97%). In terms of maximum drawdown, FNDF dropped -40.14% vs FIDI's -46.34%.
On 5-year performance, FNDF leads with 14.24% vs 12.70% for FIDI. On fees, FNDF is cheaper at 0.25% per year. On volatility, FIDI has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FNDF has performed better with a 14.24% return vs 12.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNDF is cheaper with a 0.25% expense ratio, compared with 0.39% for FIDI.
FIDI has the higher dividend yield at 3.90%, compared with 3.03% for FNDF.
FNDF tracks RAFI Fundamental High Liquidity Developed ex US Large Index (Net), while FIDI tracks Fidelity® International High Dividend Index. They also come from different issuers: Charles Schwab and Fidelity. Their fees differ too: 0.25% for FNDF and 0.39% for FIDI.
FIDI currently has the higher Sharpe Ratio (2.71 vs 2.47), 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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