FNDF vs. XHYD

Last updated Jun 13, 2026

FNDF (Schwab Fundamental International Equity ETF) and XHYD (BondBloxx US High Yield Consumer Non-Cyclicals Sector 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 XHYD is a High Yield Bonds fund tracking the ICE Diversified US Cash Pay High Yield Consumer Non-Cyclical. Both are passively managed. Over the past 3 years, FNDF returned 22.69%/yr vs 7.51%/yr for XHYD. A 0.56 correlation means they provide meaningful diversification when combined. FNDF charges 0.25%/yr vs 0.35%/yr for XHYD.

Performance

FNDF vs. XHYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental International Equity ETF (FNDF) and BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNDF achieves a 19.66% return, which is significantly higher than XHYD's 0.44% return.

FNDF

• 1D: 0.39%
• 1M: 1.01%
• YTD: 19.66%
• 6M: 21.60%
• 1Y: 40.25%
• 3Y*: 22.69%
• 5Y*: 13.11%
• 10Y*: 12.34%

XHYD

• 1D: 0.00%
• 1M: -0.32%
• YTD: 0.44%
• 6M: 0.68%
• 1Y: 5.13%
• 3Y*: 7.51%
• 5Y*: —
• 10Y*: —

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

FNDF vs. XHYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FNDF Schwab Fundamental International Equity ETF	19.66%	40.99%	2.29%	20.22%	-11.45%
XHYD BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF	0.44%	8.33%	6.29%	11.75%	-5.88%

Correlation

The correlation between FNDF and XHYD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022	0.56

The correlation between FNDF and XHYD shifts across timeframes, from 0.39 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

FNDF vs. XHYD - Sectors Allocation Comparison

Sectors	FNDF	XHYD
Financial Services	16.7%	2.0%
Industrials	15.9%	1.8%
Energy	12.3%	-
Basic Materials	11.3%	1.0%
Technology	11.1%	-
Consumer Cyclical	10.7%	9.7%
Consumer Defensive	6.9%	29.7%
Healthcare	5.5%	-
Communication Services	4.9%	-
Utilities	3.8%	23.8%
Real Estate	0.9%	-

Return for Risk

FNDF vs. XHYD — Risk / Return Rank

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

FNDF

FNDF Risk / Return Rank: 85
FNDF Sharpe Ratio Rank: 88
FNDF Sortino Ratio Rank: 85
FNDF Omega Ratio Rank: 86
FNDF Calmar Ratio Rank: 82
FNDF Martin Ratio Rank: 82

XHYD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. XHYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Equity ETF (FNDF) and BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD). 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	XHYD	Difference
Sharpe ratio: Return per unit of total volatility	2.53	1.55	+0.98
Sortino ratio: Return per unit of downside risk	3.30	2.20	+1.11
Omega ratio: Gain probability vs. loss probability	1.45	1.32	+0.14
Calmar ratio: Return relative to maximum drawdown	3.82	2.36	+1.46
Martin ratio: Return relative to average drawdown	14.27	10.53	+3.73

FNDF vs. XHYD - Sharpe Ratio Comparison

The current FNDF Sharpe Ratio is 2.53, which is higher than the XHYD Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of FNDF and XHYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FNDF vs. XHYD - Drawdown Comparison

The maximum FNDF drawdown since its inception was -40.14%, which is greater than XHYD's maximum drawdown of -11.02%. Use the drawdown chart below to compare losses from any high point for FNDF and XHYD.

Drawdown Indicators

	FNDF	XHYD	Difference
Max Drawdown Largest peak-to-trough decline	-40.14%	-11.02%	-29.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.60%	-2.49%	-8.11%
Max Drawdown (3Y) Largest decline over 3 years	-13.89%	-3.70%	-10.19%
Max Drawdown (5Y) Largest decline over 5 years	-25.56%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.14%	—	—
Current Drawdown Current decline from peak	-1.94%	-1.08%	-0.86%
Average Drawdown Average peak-to-trough decline	-7.63%	-2.04%	-5.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	0.56%	+2.28%

Volatility

FNDF vs. XHYD - Volatility Comparison

Schwab Fundamental International Equity ETF (FNDF) has a higher volatility of 6.65% compared to BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF (XHYD) at 1.83%. This indicates that FNDF's price experiences larger fluctuations and is considered to be riskier than XHYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNDF	XHYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	1.83%	+4.82%
Volatility (6M) Calculated over the trailing 6-month period	13.64%	3.28%	+10.36%
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	3.79%	+12.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.35%	7.15%	+9.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.71%	7.15%	+10.56%

FNDF vs. XHYD - Expense Ratio Comparison

FNDF has a 0.25% expense ratio, which is lower than XHYD's 0.35% expense ratio.

Dividends

FNDF vs. XHYD - Dividend Comparison

FNDF's dividend yield for the trailing twelve months is around 2.87%, while XHYD has not paid dividends to shareholders.

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%
XHYD BondBloxx US High Yield Consumer Non-Cyclicals Sector ETF	5.31%	5.83%	6.32%	5.80%	5.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FNDF and XHYD in my portfolio?

FNDF and XHYD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNDF or XHYD?

FNDF has higher volatility (6.65%) compared to XHYD (1.83%). In terms of maximum drawdown, FNDF dropped -40.14% vs XHYD's -11.02%.

Which ETF is better, FNDF or XHYD?

On 3-year performance, FNDF leads with 22.69% vs 7.51% for XHYD. On fees, FNDF is cheaper at 0.25% per year. On volatility, XHYD has been the lower-risk option at 1.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNDF or XHYD?

Over the 3-year period, FNDF has performed better with a 22.69% return vs 7.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNDF or XHYD?

FNDF is cheaper with a 0.25% expense ratio, compared with 0.35% for XHYD.

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

XHYD has the higher dividend yield at 5.31%, compared with 2.87% for FNDF.

What is the main difference between FNDF and XHYD?

FNDF is categorized as Foreign Large Cap Equities, while XHYD is High Yield Bonds. FNDF tracks RAFI Fundamental High Liquidity Developed ex US Large Index (Net), while XHYD tracks ICE Diversified US Cash Pay High Yield Consumer Non-Cyclical. They also come from different issuers: Charles Schwab and BondBloxx. Their fees differ too: 0.25% for FNDF and 0.35% for XHYD.

Which has better risk-adjusted returns?

FNDF currently has the higher Sharpe Ratio (2.53 vs 1.55), 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.