FOVL vs. FNDA
Compare and contrast key facts about iShares Focused Value Factor ETF (FOVL) and Schwab Fundamental US Small Co. Index ETF (FNDA).
FOVL and FNDA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FOVL is a passively managed fund by iShares that tracks the performance of the Focused Value Select Index. It was launched on Mar 19, 2019. FNDA is a passively managed fund by Charles Schwab that tracks the performance of the Russell RAFI Small Company US. It was launched on Aug 15, 2013. Both FOVL and FNDA 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: FOVL or FNDA.
Key characteristics
| FOVL | FNDA | |
|---|---|---|
| YTD Return | 7.08% | 3.06% |
| 1Y Return | 28.37% | 22.43% |
| 3Y Return (Ann) | 5.21% | 3.45% |
| 5Y Return (Ann) | 8.04% | 10.50% |
| Sharpe Ratio | 1.89 | 1.35 |
| Daily Std Dev | 16.68% | 18.69% |
| Max Drawdown | -49.46% | -44.64% |
| Current Drawdown | -1.68% | -0.58% |
Correlation
The correlation between FOVL and FNDA is 0.90, 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
FOVL vs. FNDA - Performance Comparison
In the year-to-date period, FOVL achieves a 7.08% return, which is significantly higher than FNDA's 3.06% 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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FOVL vs. FNDA - Expense Ratio Comparison
Both FOVL and FNDA have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FOVL vs. FNDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Focused Value Factor ETF (FOVL) and Schwab Fundamental US Small Co. Index ETF (FNDA). 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
FOVL vs. FNDA - Dividend Comparison
FOVL's dividend yield for the trailing twelve months is around 2.30%, more than FNDA's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOVL iShares Focused Value Factor ETF | 2.30% | 2.59% | 3.38% | 2.80% | 2.88% | 2.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNDA Schwab Fundamental US Small Co. Index ETF | 1.36% | 1.37% | 1.38% | 1.15% | 1.31% | 1.38% | 1.67% | 1.30% | 1.18% | 1.33% | 1.06% | 0.32% |
Drawdowns
FOVL vs. FNDA - Drawdown Comparison
The maximum FOVL drawdown since its inception was -49.46%, which is greater than FNDA's maximum drawdown of -44.64%. Use the drawdown chart below to compare losses from any high point for FOVL and FNDA. For additional features, visit the drawdowns tool.
Volatility
FOVL vs. FNDA - Volatility Comparison
The current volatility for iShares Focused Value Factor ETF (FOVL) is 3.30%, while Schwab Fundamental US Small Co. Index ETF (FNDA) has a volatility of 3.88%. This indicates that FOVL experiences smaller price fluctuations and is considered to be less risky than FNDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.