FNDX vs. SPY
Compare and contrast key facts about Schwab Fundamental U.S. Large Company Index ETF (FNDX) and SPDR S&P 500 ETF (SPY).
FNDX and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both FNDX and SPY 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 SPY.
Performance
FNDX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, FNDX achieves a 21.00% return, which is significantly lower than SPY's 25.41% return. Over the past 10 years, FNDX has outperformed SPY with an annualized return of 13.93%, while SPY has yielded a comparatively lower 13.07% annualized return.
FNDX
21.00%
1.33%
11.28%
30.74%
17.62%
13.93%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| FNDX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.77 | 2.62 |
| Sortino Ratio | 3.80 | 3.50 |
| Omega Ratio | 1.50 | 1.49 |
| Calmar Ratio | 4.70 | 3.78 |
| Martin Ratio | 17.88 | 17.00 |
| Ulcer Index | 1.70% | 1.87% |
| Daily Std Dev | 10.96% | 12.14% |
| Max Drawdown | -37.71% | -55.19% |
| Current Drawdown | -1.61% | -1.38% |
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FNDX vs. SPY - Expense Ratio Comparison
FNDX has a 0.25% expense ratio, which is higher than SPY's 0.09% 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%.
Correlation
The correlation between FNDX and SPY is 0.92, 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.
Risk-Adjusted Performance
FNDX vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FNDX's dividend yield for the trailing twelve months is around 2.45%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDX Schwab Fundamental U.S. Large Company Index ETF | 2.45% | 3.56% | 4.30% | 4.24% | 3.38% | 3.25% | 3.58% | 2.92% | 4.98% | 3.81% | 4.03% | 1.24% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FNDX vs. SPY - Drawdown Comparison
The maximum FNDX drawdown since its inception was -37.71%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FNDX and SPY. For additional features, visit the drawdowns tool.
Volatility
FNDX vs. SPY - Volatility Comparison
Schwab Fundamental U.S. Large Company Index ETF (FNDX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.92% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.