FNDF vs. VEMY
FNDF (Schwab Fundamental International Equity ETF) and VEMY (Virtus Stone Harbor Emerging Markets High Yield 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 VEMY is a Emerging Markets Bonds fund actively managed by Virtus. FNDF is passively managed, while VEMY is actively managed. Over the past 3 years, FNDF returned 22.69%/yr vs 15.16%/yr for VEMY. A 0.57 correlation means they provide meaningful diversification when combined. FNDF charges 0.25%/yr vs 0.58%/yr for VEMY.
Performance
FNDF vs. VEMY - Performance Comparison
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Returns By Period
In the year-to-date period, FNDF achieves a 19.66% return, which is significantly higher than VEMY's 6.44% return.
FNDF
- 1D
- 0.39%
- 1M
- 0.88%
- YTD
- 19.66%
- 6M
- 21.60%
- 1Y
- 41.60%
- 3Y*
- 22.69%
- 5Y*
- 13.11%
- 10Y*
- 12.34%
VEMY
- 1D
- 0.21%
- 1M
- 1.32%
- YTD
- 6.44%
- 6M
- 6.86%
- 1Y
- 18.56%
- 3Y*
- 15.16%
- 5Y*
- —
- 10Y*
- —
FNDF vs. VEMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FNDF Schwab Fundamental International Equity ETF | 19.66% | 40.99% | 2.29% | 20.22% | -0.75% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 6.44% | 15.27% | 13.48% | 14.45% | -1.43% |
Correlation
The correlation between FNDF and VEMY is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.57 |
The correlation between FNDF and VEMY has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
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Return for Risk
FNDF vs. VEMY — Risk / Return Rank
FNDF
VEMY
FNDF vs. VEMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Equity ETF (FNDF) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). 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 | VEMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.61 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 4.52 | -0.70 |
| Martin ratioReturn relative to average drawdown | 14.27 | 21.45 | -7.18 |
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Drawdowns
FNDF vs. VEMY - Drawdown Comparison
The maximum FNDF drawdown since its inception was -40.14%, which is greater than VEMY's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for FNDF and VEMY.
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Drawdown Indicators
| FNDF | VEMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -8.77% | -31.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.60% | -4.00% | -6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -6.57% | -7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | — | — |
Current DrawdownCurrent decline from peak | -1.94% | 0.00% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -1.30% | -6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 0.84% | +2.00% |
Volatility
FNDF vs. VEMY - Volatility Comparison
Schwab Fundamental International Equity ETF (FNDF) has a higher volatility of 6.65% compared to Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) at 1.64%. This indicates that FNDF's price experiences larger fluctuations and is considered to be riskier than VEMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNDF | VEMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.65% | 1.64% | +5.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.64% | 4.71% | +8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 6.08% | +9.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 7.62% | +8.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 7.62% | +10.09% |
FNDF vs. VEMY - Expense Ratio Comparison
FNDF has a 0.25% expense ratio, which is lower than VEMY's 0.58% expense ratio.
Dividends
FNDF vs. VEMY - Dividend Comparison
FNDF's dividend yield for the trailing twelve months is around 2.87%, less than VEMY's 8.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDF Schwab Fundamental International Equity ETF | 2.87% | 3.44% | 4.01% | 3.41% | 3.10% | 3.54% | 2.17% | 3.20% | 3.47% | 2.32% | 2.42% | 2.08% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 8.33% | 8.89% | 10.28% | 9.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FNDF and VEMY have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNDF has higher volatility (6.65%) compared to VEMY (1.64%). In terms of maximum drawdown, FNDF dropped -40.14% vs VEMY's -8.77%.
On 3-year performance, FNDF leads with 22.69% vs 15.16% for VEMY. On fees, FNDF is cheaper at 0.25% per year. On volatility, VEMY has been the lower-risk option at 1.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FNDF has performed better with a 22.69% return vs 15.16%. 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 0.58% for VEMY.
VEMY has the higher dividend yield at 8.33%, compared with 2.87% for FNDF.
FNDF is categorized as Foreign Large Cap Equities, while VEMY is Emerging Markets Bonds. They also come from different issuers: Charles Schwab and Virtus. Their fees differ too: 0.25% for FNDF and 0.58% for VEMY.
VEMY currently has the higher Sharpe Ratio (2.98 vs 2.53), 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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