FNDF vs. VCLT
FNDF (Schwab Fundamental International Equity ETF) and VCLT (Vanguard Long-Term Corporate Bond ETF) are both exchange-traded funds - FNDF is a Foreign Large Cap Equities fund tracking the RAFI Fundamental High Liquidity Developed ex US Large Index (Net), while VCLT is a Corporate Bonds fund tracking the Bloomberg U.S. 10+ Year Corporate Bond Index. Both are passively managed. Over the past 10 years, FNDF returned 12.05%/yr vs 2.26%/yr for VCLT. At a 0.11 correlation, their price movements are largely independent. FNDF charges 0.25%/yr vs 0.03%/yr for VCLT.
Performance
FNDF vs. VCLT - Performance Comparison
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Returns By Period
In the year-to-date period, FNDF achieves a 19.13% return, which is significantly higher than VCLT's 1.37% return. Over the past 10 years, FNDF has outperformed VCLT with an annualized return of 12.05%, while VCLT has yielded a comparatively lower 2.26% annualized return.
FNDF
- 1D
- -1.01%
- 1M
- 1.74%
- YTD
- 19.13%
- 6M
- 21.69%
- 1Y
- 42.19%
- 3Y*
- 22.12%
- 5Y*
- 13.97%
- 10Y*
- 12.05%
VCLT
- 1D
- -0.16%
- 1M
- 2.66%
- YTD
- 1.37%
- 6M
- 1.50%
- 1Y
- 6.63%
- 3Y*
- 4.12%
- 5Y*
- -2.36%
- 10Y*
- 2.26%
FNDF vs. VCLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNDF Schwab Fundamental International Equity ETF | 19.13% | 40.99% | 2.29% | 20.22% | -7.78% | 14.97% | 3.61% | 18.46% | -14.21% | 23.98% |
VCLT Vanguard Long-Term Corporate Bond ETF | 1.37% | 7.18% | -1.90% | 11.17% | -25.50% | -1.73% | 13.27% | 23.89% | -7.04% | 11.70% |
Correlation
The correlation between FNDF and VCLT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013 | 0.11 |
Over the past year, FNDF and VCLT have become more correlated (0.46) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
FNDF vs. VCLT — Risk / Return Rank
FNDF
VCLT
FNDF vs. VCLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Equity ETF (FNDF) and Vanguard Long-Term Corporate Bond ETF (VCLT). 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 | VCLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.81 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.15 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 1.27 | +2.73 |
| Martin ratioReturn relative to average drawdown | 14.95 | 3.07 | +11.87 |
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Drawdowns
FNDF vs. VCLT - Drawdown Comparison
The maximum FNDF drawdown since its inception was -40.14%, which is greater than VCLT's maximum drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for FNDF and VCLT.
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Drawdown Indicators
| FNDF | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -34.31% | -5.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.60% | -5.25% | -5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -13.03% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -34.31% | +8.75% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | -34.31% | -5.83% |
Current DrawdownCurrent decline from peak | -2.37% | -14.04% | +11.67% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -8.17% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 2.16% | +0.67% |
Volatility
FNDF vs. VCLT - Volatility Comparison
Schwab Fundamental International Equity ETF (FNDF) has a higher volatility of 6.43% compared to Vanguard Long-Term Corporate Bond ETF (VCLT) at 2.21%. This indicates that FNDF's price experiences larger fluctuations and is considered to be riskier than VCLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNDF | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 2.21% | +4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 5.83% | +7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.01% | 7.83% | +8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 12.77% | +3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.70% | 12.85% | +4.85% |
FNDF vs. VCLT - Expense Ratio Comparison
FNDF has a 0.25% expense ratio, which is higher than VCLT's 0.03% 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. VCLT - Dividend Comparison
FNDF's dividend yield for the trailing twelve months is around 2.89%, less than VCLT's 5.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDF Schwab Fundamental International Equity ETF | 2.89% | 3.44% | 4.01% | 3.41% | 3.10% | 3.54% | 2.17% | 3.20% | 3.47% | 2.32% | 2.42% | 2.08% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.52% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
Frequently Asked Questions
FNDF and VCLT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNDF has higher volatility (6.43%) compared to VCLT (2.21%). In terms of maximum drawdown, FNDF dropped -40.14% vs VCLT's -34.31%.
On 10-year performance, FNDF leads with 12.05% vs 2.26% for VCLT. On fees, VCLT is cheaper at 0.03% per year. On volatility, VCLT has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FNDF has performed better with a 12.05% return vs 2.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCLT is cheaper with a 0.03% expense ratio, compared with 0.25% for FNDF.
VCLT has the higher dividend yield at 5.52%, compared with 2.89% for FNDF.
FNDF is categorized as Foreign Large Cap Equities, while VCLT is Corporate Bonds. FNDF tracks RAFI Fundamental High Liquidity Developed ex US Large Index (Net), while VCLT tracks Bloomberg U.S. 10+ Year Corporate Bond Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.25% for FNDF and 0.03% for VCLT.
FNDF currently has the higher Sharpe Ratio (2.66 vs 0.85), 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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