FNDX vs. MGV
Compare and contrast key facts about Schwab Fundamental U.S. Large Company Index ETF (FNDX) and Vanguard Mega Cap Value ETF (MGV).
FNDX and MGV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNDX is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental U.S. Large Company Index. It was launched on Aug 15, 2013. MGV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Value Index. It was launched on Dec 17, 2007. Both FNDX and MGV 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: FNDX or MGV.
Key characteristics
| FNDX | MGV | |
|---|---|---|
| YTD Return | 4.26% | 5.86% |
| 1Y Return | 17.84% | 14.60% |
| 3Y Return (Ann) | 8.36% | 8.14% |
| 5Y Return (Ann) | 13.05% | 10.45% |
| 10Y Return (Ann) | 11.01% | 10.23% |
| Sharpe Ratio | 1.61 | 1.49 |
| Daily Std Dev | 11.00% | 9.92% |
| Max Drawdown | -37.72% | -56.31% |
| Current Drawdown | -4.59% | -3.70% |
Correlation
The correlation between FNDX and MGV is 0.96, 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
FNDX vs. MGV - Performance Comparison
In the year-to-date period, FNDX achieves a 4.26% return, which is significantly lower than MGV's 5.86% return. Over the past 10 years, FNDX has outperformed MGV with an annualized return of 11.01%, while MGV has yielded a comparatively lower 10.23% 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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FNDX vs. MGV - Expense Ratio Comparison
FNDX has a 0.25% expense ratio, which is higher than MGV's 0.07% 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%.
Risk-Adjusted Performance
FNDX vs. MGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental U.S. Large Company Index ETF (FNDX) and Vanguard Mega Cap Value ETF (MGV). 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
FNDX vs. MGV - Dividend Comparison
FNDX's dividend yield for the trailing twelve months is around 1.80%, less than MGV's 2.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDX Schwab Fundamental U.S. Large Company Index ETF | 1.80% | 1.82% | 2.07% | 1.64% | 2.29% | 2.23% | 2.40% | 1.86% | 2.01% | 2.01% | 1.62% | 0.46% |
MGV Vanguard Mega Cap Value ETF | 2.44% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% | 2.26% | 2.29% |
Drawdowns
FNDX vs. MGV - Drawdown Comparison
The maximum FNDX drawdown since its inception was -37.72%, smaller than the maximum MGV drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for FNDX and MGV. For additional features, visit the drawdowns tool.
Volatility
FNDX vs. MGV - Volatility Comparison
Schwab Fundamental U.S. Large Company Index ETF (FNDX) has a higher volatility of 3.35% compared to Vanguard Mega Cap Value ETF (MGV) at 3.09%. This indicates that FNDX's price experiences larger fluctuations and is considered to be riskier than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.