FNDF vs. HEFA
Compare and contrast key facts about Schwab Fundamental International Large Company Index ETF (FNDF) and iShares Currency Hedged MSCI EAFE ETF (HEFA).
FNDF and HEFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNDF is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Developed ex-U.S. Large Company Index. It was launched on Aug 15, 2013. HEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE 100% Hedged to USD Index. It was launched on Jan 31, 2014. Both FNDF and HEFA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNDF or HEFA.
Key characteristics
| FNDF | HEFA | |
|---|---|---|
| YTD Return | 5.07% | 10.16% |
| 1Y Return | 16.13% | 20.14% |
| 3Y Return (Ann) | 6.17% | 11.41% |
| 5Y Return (Ann) | 7.94% | 10.62% |
| 10Y Return (Ann) | 4.91% | 9.24% |
| Sharpe Ratio | 1.26 | 2.04 |
| Daily Std Dev | 12.44% | 9.72% |
| Max Drawdown | -40.14% | -32.39% |
| Current Drawdown | -0.87% | -0.54% |
Correlation
The correlation between FNDF and HEFA is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FNDF vs. HEFA - Performance Comparison
In the year-to-date period, FNDF achieves a 5.07% return, which is significantly lower than HEFA's 10.16% return. Over the past 10 years, FNDF has underperformed HEFA with an annualized return of 4.91%, while HEFA has yielded a comparatively higher 9.24% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FNDF vs. HEFA - Expense Ratio Comparison
FNDF has a 0.25% expense ratio, which is lower than HEFA's 0.35% expense ratio.
Risk-Adjusted Performance
FNDF vs. HEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Large Company Index ETF (FNDF) and iShares Currency Hedged MSCI EAFE ETF (HEFA). 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.
Dividends
FNDF vs. HEFA - Dividend Comparison
FNDF's dividend yield for the trailing twelve months is around 3.25%, more than HEFA's 2.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDF Schwab Fundamental International Large Company Index ETF | 3.25% | 3.41% | 3.10% | 3.54% | 2.17% | 3.20% | 3.47% | 2.32% | 2.42% | 2.08% | 1.84% | 0.48% |
HEFA iShares Currency Hedged MSCI EAFE ETF | 2.74% | 3.02% | 25.14% | 3.06% | 2.10% | 5.37% | 4.59% | 2.55% | 3.17% | 3.54% | 3.39% | 0.00% |
Drawdowns
FNDF vs. HEFA - Drawdown Comparison
The maximum FNDF drawdown since its inception was -40.14%, which is greater than HEFA's maximum drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for FNDF and HEFA. For additional features, visit the drawdowns tool.
Volatility
FNDF vs. HEFA - Volatility Comparison
Schwab Fundamental International Large Company Index ETF (FNDF) has a higher volatility of 3.90% compared to iShares Currency Hedged MSCI EAFE ETF (HEFA) at 2.76%. This indicates that FNDF's price experiences larger fluctuations and is considered to be riskier than HEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.