FNDX vs. DIVB
FNDX (Schwab Fundamental U.S. Large Company Index ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - FNDX is a Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US Large Index, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, FNDX returned 13.66%/yr vs 12.91%/yr for DIVB. Their correlation of 0.93 suggests significant overlap in exposure. FNDX charges 0.25%/yr vs 0.05%/yr for DIVB.
Performance
FNDX vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, FNDX achieves a 16.60% return, which is significantly lower than DIVB's 22.13% return.
FNDX
- 1D
- 0.22%
- 1M
- 0.96%
- 6M
- 12.91%
- YTD
- 16.60%
- 1Y
- 28.47%
- 3Y*
- 19.71%
- 5Y*
- 13.66%
- 10Y*
- 14.04%
DIVB
- 1D
- 0.94%
- 1M
- 3.79%
- 6M
- 19.39%
- YTD
- 22.13%
- 1Y
- 29.18%
- 3Y*
- 21.85%
- 5Y*
- 12.91%
- 10Y*
- —
FNDX vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNDX Schwab Fundamental U.S. Large Company Index ETF | 16.60% | 16.94% | 16.77% | 18.23% | -6.92% | 31.73% | 9.12% | 28.65% | -7.30% | 4.96% |
DIVB iShares Core Dividend ETF | 22.13% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
Correlation
The correlation between FNDX and DIVB is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.93 |
The correlation between FNDX and DIVB shifts across timeframes, from 0.85 (1 year) to 0.95 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FNDX vs. DIVB — Risk / Return Rank
FNDX
DIVB
FNDX vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental U.S. Large Company Index ETF (FNDX) and iShares Core Dividend ETF (DIVB). 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.
| FNDX | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.44 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 4.30 | +0.42 |
| Martin ratioReturn relative to average drawdown | 18.25 | 14.43 | +3.82 |
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Drawdowns
FNDX vs. DIVB - Drawdown Comparison
The maximum FNDX drawdown since its inception was -37.72%, roughly equal to the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for FNDX and DIVB.
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Drawdown Indicators
| FNDX | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.72% | -36.93% | -0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -6.82% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -16.30% | -15.45% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -19.06% | -21.08% | +2.02% |
Max Drawdown (10Y)Largest decline over 10 years | -37.72% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -4.94% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 2.03% | -0.47% |
Volatility
FNDX vs. DIVB - Volatility Comparison
The current volatility for Schwab Fundamental U.S. Large Company Index ETF (FNDX) is 2.59%, while iShares Core Dividend ETF (DIVB) has a volatility of 3.92%. This indicates that FNDX experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNDX | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 3.92% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.42% | 9.02% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.33% | 11.90% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 15.30% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.44% | 18.34% | -0.90% |
FNDX vs. DIVB - Expense Ratio Comparison
FNDX has a 0.25% expense ratio, which is higher than DIVB's 0.05% 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
FNDX vs. DIVB - Dividend Comparison
FNDX's dividend yield for the trailing twelve months is around 1.46%, less than DIVB's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.17% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
FNDX Schwab Fundamental U.S. Large Company Index ETF | 1.46% | 1.63% | 1.76% | 1.82% | 2.07% | 1.64% | 2.29% | 2.23% | 2.40% | 1.86% | 2.01% | 2.01% |
Frequently Asked Questions
FNDX and DIVB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (3.92%) compared to FNDX (2.59%). In terms of maximum drawdown, FNDX dropped -37.72% vs DIVB's -36.93%.
On 5-year performance, FNDX leads with 13.66% vs 12.91% for DIVB. On fees, DIVB is cheaper at 0.05% per year. On volatility, FNDX has been the lower-risk option at 2.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FNDX has performed better with a 13.66% return vs 12.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.25% for FNDX.
DIVB has the higher dividend yield at 2.17%, compared with 1.46% for FNDX.
FNDX is categorized as Large Cap Value Equities, while DIVB is Dividend. FNDX tracks RAFI Fundamental High Liquidity US Large Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.25% for FNDX and 0.05% for DIVB.
FNDX currently has the higher Sharpe Ratio (2.78 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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