FNDX vs. VTV

Last updated Jun 4, 2026

FNDX (Schwab Fundamental U.S. Large Company Index ETF) and VTV (Vanguard Value ETF) are both Large Cap Value Equities funds - FNDX tracks the RAFI Fundamental High Liquidity US Large Index while VTV tracks the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, FNDX returned 14.26%/yr vs 12.48%/yr for VTV. With a 0.96 correlation, they move nearly in lockstep. FNDX charges 0.25%/yr vs 0.04%/yr for VTV.

Performance

FNDX vs. VTV - 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 Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNDX achieves a 14.57% return, which is significantly higher than VTV's 12.30% return. Over the past 10 years, FNDX has outperformed VTV with an annualized return of 14.26%, while VTV has yielded a comparatively lower 12.48% annualized return.

FNDX

• 1D: -0.13%
• 1M: 3.88%
• YTD: 14.57%
• 6M: 14.58%
• 1Y: 32.32%
• 3Y*: 20.90%
• 5Y*: 12.82%
• 10Y*: 14.26%

VTV

• 1D: 0.01%
• 1M: 4.23%
• YTD: 12.30%
• 6M: 13.12%
• 1Y: 26.25%
• 3Y*: 18.28%
• 5Y*: 11.24%
• 10Y*: 12.48%

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

FNDX vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNDX Schwab Fundamental U.S. Large Company Index ETF	14.57%	16.94%	16.77%	18.23%	-6.92%	31.73%	9.12%	28.65%	-7.30%	17.12%
VTV Vanguard Value ETF	12.30%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between FNDX and VTV is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Aug 16, 2013	0.96

The correlation between FNDX and VTV has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

FNDX vs. VTV - Sectors Allocation Comparison

Sectors	FNDX	VTV
Technology	19.1%	13.4%
Financial Services	14.1%	22.3%
Healthcare	12.0%	14.5%
Energy	10.3%	8.1%
Communication Services	10.1%	3.3%
Industrials	9.3%	14.0%
Consumer Cyclical	9.2%	4.0%
Consumer Defensive	7.4%	9.4%
Basic Materials	3.7%	3.1%
Utilities	3.2%	5.2%
Real Estate	1.8%	2.8%

Return for Risk

FNDX vs. VTV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNDX

FNDX Risk / Return Rank: 90
FNDX Sharpe Ratio Rank: 90
FNDX Sortino Ratio Rank: 91
FNDX Omega Ratio Rank: 90
FNDX Calmar Ratio Rank: 89
FNDX Martin Ratio Rank: 90

VTV

VTV Risk / Return Rank: 79
VTV Sharpe Ratio Rank: 78
VTV Sortino Ratio Rank: 82
VTV Omega Ratio Rank: 77
VTV Calmar Ratio Rank: 79
VTV Martin Ratio Rank: 79

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. VTV - 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 Vanguard Value ETF (VTV). 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.

	FNDX	VTV	Difference
Sharpe ratio: Return per unit of total volatility	3.18	2.61	+0.57
Sortino ratio: Return per unit of downside risk	4.47	3.74	+0.73
Omega ratio: Gain probability vs. loss probability	1.59	1.47	+0.12
Calmar ratio: Return relative to maximum drawdown	5.35	4.15	+1.20
Martin ratio: Return relative to average drawdown	20.97	15.69	+5.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNDX vs. VTV - Sharpe Ratio Comparison

The current FNDX Sharpe Ratio is 3.18, which is comparable to the VTV Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of FNDX and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FNDX	VTV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.18	2.61	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.81	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.75	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.51	+0.28

Drawdowns

FNDX vs. VTV - Drawdown Comparison

The maximum FNDX drawdown since its inception was -37.72%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for FNDX and VTV.

Drawdown Indicators

	FNDX	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-37.72%	-59.27%	+21.55%
Max Drawdown (1Y) Largest decline over 1 year	-6.06%	-6.35%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-16.30%	-14.52%	-1.78%
Max Drawdown (5Y) Largest decline over 5 years	-19.06%	-17.04%	-2.02%
Max Drawdown (10Y) Largest decline over 10 years	-37.72%	-36.78%	-0.94%
Current Drawdown Current decline from peak	-0.13%	0.00%	-0.13%
Average Drawdown Average peak-to-trough decline	-3.55%	-7.87%	+4.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.68%	-0.13%

Volatility

FNDX vs. VTV - Volatility Comparison

The current volatility for Schwab Fundamental U.S. Large Company Index ETF (FNDX) is 2.25%, while Vanguard Value ETF (VTV) has a volatility of 2.52%. This indicates that FNDX experiences smaller price fluctuations and is considered to be less risky than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNDX	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.25%	2.52%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	7.25%	7.55%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	10.22%	10.11%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	13.88%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	16.67%	+0.83%

FNDX vs. VTV - Expense Ratio Comparison

FNDX has a 0.25% expense ratio, which is higher than VTV's 0.04% 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. VTV - Dividend Comparison

FNDX's dividend yield for the trailing twelve months is around 1.45%, less than VTV's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDX Schwab Fundamental U.S. Large Company Index ETF	1.45%	1.63%	1.76%	1.82%	2.07%	1.64%	2.29%	2.23%	2.40%	1.86%	2.01%	2.01%
VTV Vanguard Value ETF	1.86%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both FNDX and VTV in my portfolio?

With a correlation of 0.93, FNDX and VTV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FNDX or VTV?

VTV has higher volatility (2.52%) compared to FNDX (2.25%). In terms of maximum drawdown, FNDX dropped -37.72% vs VTV's -59.27%.

Which ETF is better, FNDX or VTV?

On 10-year performance, FNDX leads with 14.26% vs 12.48% for VTV. On fees, VTV is cheaper at 0.04% per year. On volatility, FNDX has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNDX or VTV?

Over the 10-year period, FNDX has performed better with a 14.26% return vs 12.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNDX or VTV?

VTV is cheaper with a 0.04% expense ratio, compared with 0.25% for FNDX.

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

VTV has the higher dividend yield at 1.86%, compared with 1.45% for FNDX.

What is the main difference between FNDX and VTV?

FNDX tracks RAFI Fundamental High Liquidity US Large Index, while VTV tracks CRSP US Large Cap Value Index. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.25% for FNDX and 0.04% for VTV.

Which has better risk-adjusted returns?

FNDX currently has the higher Sharpe Ratio (3.18 vs 2.61), 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.