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FNDX vs. USD=X
Performance
Return for Risk
Drawdowns
Volatility

FNDX vs. USD=X

Last updated Jun 12, 2026

FNDX (Schwab Fundamental U.S. Large Company Index ETF) is Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US Large Index, while USD=X (USD Cash) is a currency. Over the past 10 years, FNDX returned 14.32%/yr vs 0.00%/yr for USD=X.

Performance

FNDX vs. USD=X - 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 USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

FNDX

1D
1.47%
1M
1.97%
YTD
14.46%
6M
13.13%
1Y
30.72%
3Y*
20.21%
5Y*
12.91%
10Y*
14.32%

USD=X

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
0.00%
3Y*
0.00%
5Y*
0.00%
10Y*
0.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FNDX vs. USD=X - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FNDX
Schwab Fundamental U.S. Large Company Index ETF		14.46%16.94%16.77%18.23%-6.92%31.73%9.12%28.65%-7.30%17.12%
USD=X
USD Cash		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

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Schwab Fundamental U.S. Large Company Index ETF

USD Cash

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Often compared with USD=X:
USD=X vs. UUPUSD=X vs. EUR=XUSD=X vs. XRP-USDUSD=X vs. BTC-USDUSD=X vs. QQQUSD=X vs. TSLAUSD=X vs. USDX

Return for Risk

FNDX vs. USD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FNDX
FNDX Risk / Return Rank: 9393
Overall Rank
FNDX Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
FNDX Sortino Ratio Rank: 9393
Sortino Ratio Rank
FNDX Omega Ratio Rank: 9292
Omega Ratio Rank
FNDX Calmar Ratio Rank: 9292
Calmar Ratio Rank
FNDX Martin Ratio Rank: 9292
Martin Ratio Rank
USD=X

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.

FNDX vs. USD=X - 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 USD Cash (USD=X). 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.

FNDXUSD=XDifference
Sharpe ratioReturn per unit of total volatility
2.96

—

—

Sortino ratioReturn per unit of downside risk
4.11

—

—

Omega ratioGain probability vs. loss probability

1.54

—

—

Calmar ratioReturn relative to maximum drawdown

5.09

—

—

Martin ratioReturn relative to average drawdown

19.73

—

—

FNDX vs. USD=X - Sharpe Ratio Comparison

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Drawdowns

FNDX vs. USD=X - Drawdown Comparison

The maximum FNDX drawdown since its inception was -37.72%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FNDX and USD=X.

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Drawdown Indicators

FNDXUSD=XDifference

Max Drawdown

Largest peak-to-trough decline

-37.72%

0.00%

-37.72%

Max Drawdown (1Y)

Largest decline over 1 year

-6.06%

0.00%

-6.06%

Max Drawdown (3Y)

Largest decline over 3 years

-16.30%

0.00%

-16.30%

Max Drawdown (5Y)

Largest decline over 5 years

-19.06%

0.00%

-19.06%

Max Drawdown (10Y)

Largest decline over 10 years

-37.72%

0.00%

-37.72%

Current Drawdown

Current decline from peak

-0.77%

0.00%

-0.77%

Average Drawdown

Average peak-to-trough decline

-3.55%

0.00%

-3.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.56%

0.00%

+1.56%

Volatility

FNDX vs. USD=X - Volatility Comparison

Schwab Fundamental U.S. Large Company Index ETF (FNDX) has a higher volatility of 3.07% compared to USD Cash (USD=X) at 0.00%. This indicates that FNDX's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FNDXUSD=XDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.07%

0.00%

+3.07%

Volatility (6M)

Calculated over the trailing 6-month period

7.63%

0.00%

+7.63%

Volatility (1Y)

Calculated over the trailing 1-year period

10.42%

0.00%

+10.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.22%

0.00%

+15.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.51%

0.00%

+17.51%

Frequently Asked Questions

FNDX has higher volatility (3.07%) compared to USD=X (0.00%). In terms of maximum drawdown, FNDX dropped -37.72% vs USD=X's 0.00%.

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