FNDX vs. SEIV

Last updated Aug 4, 2026

FNDX (Schwab Fundamental U.S. Large Company Index ETF) and SEIV (SEI QiM U.S. Large Cap Value Active ETF) are both Large Cap Value Equities funds. FNDX is passively managed, while SEIV is actively managed. Over the past 3 years, FNDX returned 19.99%/yr vs 25.70%/yr for SEIV. Their correlation of 0.93 means they have usually moved in the same direction. FNDX charges 0.25%/yr vs 0.15%/yr for SEIV.

Performance

FNDX vs. SEIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental U.S. Large Company Index ETF (FNDX) and SEI QiM U.S. Large Cap Value Active ETF (SEIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNDX achieves a 18.49% return, which is significantly lower than SEIV's 20.90% return.

FNDX

• 1D: 0.79%
• 1M: 2.30%
• 6M: 12.65%
• YTD: 18.49%
• 1Y: 33.39%
• 3Y*: 19.99%
• 5Y*: 14.07%
• 10Y*: 14.22%
• ALL TIME*: 13.17%

SEIV

• 1D: 1.08%
• 1M: 4.15%
• 6M: 17.50%
• YTD: 20.90%
• 1Y: 42.78%
• 3Y*: 25.70%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FNDX Schwab Fundamental U.S. Large Company Index ETF	$78.80M	$81.53M	$109.49M
SEIV SEI QiM U.S. Large Cap Value Active ETF	$9.14M	$9.18M	$6.19M

FNDX vs. SEIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FNDX Schwab Fundamental U.S. Large Company Index ETF	18.49%	16.94%	16.77%	18.23%	-2.76%
SEIV SEI QiM U.S. Large Cap Value Active ETF	20.90%	27.43%	19.73%	21.90%	-5.02%

Correlation

The correlation between FNDX and SEIV is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.93

The correlation between FNDX and SEIV has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

FNDX vs. SEIV - Sectors Allocation Comparison

Sectors	FNDX	SEIV
Technology	19.1%	17.0%
Financial Services	15.4%	23.0%
Healthcare	13.2%	18.1%
Energy	9.8%	0.9%
Industrials	9.0%	1.9%
Consumer Cyclical	8.9%	18.5%
Communication Services	8.3%	6.5%
Consumer Defensive	7.3%	3.9%
Basic Materials	3.8%	6.1%
Utilities	3.3%	2.4%
Real Estate	1.8%	1.2%

Return for Risk

FNDX vs. SEIV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FNDX

FNDX Risk / Return Rank: 96
FNDX Sharpe Ratio Rank: 97
FNDX Sortino Ratio Rank: 96
FNDX Omega Ratio Rank: 96
FNDX Calmar Ratio Rank: 95
FNDX Martin Ratio Rank: 95

SEIV

SEIV Risk / Return Rank: 96
SEIV Sharpe Ratio Rank: 97
SEIV Sortino Ratio Rank: 96
SEIV Omega Ratio Rank: 96
SEIV Calmar Ratio Rank: 96
SEIV Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FNDX vs. SEIV - 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 SEI QiM U.S. Large Cap Value Active ETF (SEIV). 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	SEIV	Difference
Sharpe ratio: Return per unit of total volatility	3.29	3.37	-0.09
Sortino ratio: Return per unit of downside risk	4.54	4.57	-0.03
Omega ratio: Gain probability vs. loss probability	1.62	1.61	+0.01
Calmar ratio: Return relative to maximum drawdown	5.53	6.19	-0.65
Martin ratio: Return relative to average drawdown	22.12	22.94	-0.82

FNDX vs. SEIV - Sharpe Ratio Comparison

The current FNDX Sharpe Ratio is 3.29, which is comparable to the SEIV Sharpe Ratio of 3.37. The chart below compares the historical Sharpe Ratios of FNDX and SEIV, 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

FNDX vs. SEIV - Drawdown Comparison

The maximum FNDX drawdown since its inception was -37.72%, which is greater than SEIV's maximum drawdown of -18.18%. Use the drawdown chart below to compare losses from any high point for FNDX and SEIV.

Drawdown Indicators

	FNDX	SEIV	Difference
Max Drawdown Largest peak-to-trough decline	-37.72%	-18.18%	-19.54%
Max Drawdown (1Y) Largest decline over 1 year	-6.06%	-6.95%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-16.30%	-17.71%	+1.41%
Max Drawdown (5Y) Largest decline over 5 years	-19.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.72%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.52%	-3.42%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	1.87%	-0.36%

Volatility

FNDX vs. SEIV - Volatility Comparison

The current volatility for Schwab Fundamental U.S. Large Company Index ETF (FNDX) is 2.44%, while SEI QiM U.S. Large Cap Value Active ETF (SEIV) has a volatility of 3.44%. This indicates that FNDX experiences smaller price fluctuations and is considered to be less risky than SEIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNDX	SEIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	3.44%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	7.37%	9.52%	-2.15%
Volatility (1Y) Calculated over the trailing 1-year period	10.23%	12.76%	-2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	16.54%	-1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.45%	16.54%	+0.91%

FNDX vs. SEIV - Expense Ratio Comparison

FNDX has a 0.25% expense ratio, which is higher than SEIV's 0.15% 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. SEIV - Dividend Comparison

FNDX's dividend yield for the trailing twelve months is around 1.44%, which matches SEIV's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDX Schwab Fundamental U.S. Large Company Index ETF	1.44%	1.63%	1.76%	1.82%	2.07%	1.64%	2.29%	2.23%	2.40%	1.86%	2.01%	2.01%
SEIV SEI QiM U.S. Large Cap Value Active ETF	1.43%	1.51%	1.66%	2.08%	1.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FNDX and SEIV in my portfolio?

FNDX and SEIV have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNDX or SEIV?

SEIV has higher volatility (3.44%) compared to FNDX (2.44%). In terms of maximum drawdown, FNDX dropped -37.72% vs SEIV's -18.18%.

Which ETF is better, FNDX or SEIV?

On 3-year performance, SEIV leads with 25.70% vs 19.99% for FNDX. On fees, SEIV is cheaper at 0.15% per year. On volatility, FNDX has been the lower-risk option at 2.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNDX or SEIV?

Over the 3-year period, SEIV has performed better with a 25.70% return vs 19.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNDX or SEIV?

SEIV is cheaper with a 0.15% expense ratio, compared with 0.25% for FNDX.

Which ETF pays a higher dividend yield, FNDX or SEIV?

FNDX and SEIV have nearly identical dividend yields, around 1.44%.

What is the main difference between FNDX and SEIV?

They also come from different issuers: Charles Schwab and SEI. Their fees differ too: 0.25% for FNDX and 0.15% for SEIV.

Which has better risk-adjusted returns?

SEIV currently has the higher Sharpe Ratio (3.37 vs 3.29), 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.