GVLE vs. FNDX

Last updated Jul 14, 2026

GVLE (Goldman Sachs Value Opportunities ETF) and FNDX (Schwab Fundamental U.S. Large Company Index ETF) are both Large Cap Value Equities funds. GVLE is actively managed, while FNDX is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. GVLE charges 0.45%/yr vs 0.25%/yr for FNDX.

Performance

GVLE vs. FNDX - Performance Comparison

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

Returns By Period

In the year-to-date period, GVLE achieves a 15.42% return, which is significantly lower than FNDX's 16.60% return.

GVLE

• 1D: -0.21%
• 1M: 1.91%
• 6M: 12.56%
• YTD: 15.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNDX

• 1D: 0.22%
• 1M: 0.96%
• 6M: 12.91%
• YTD: 16.60%
• 1Y: 28.47%
• 3Y*: 19.71%
• 5Y*: 13.66%
• 10Y*: 14.04%

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

GVLE vs. FNDX - Yearly Performance Comparison

	2026 (YTD)	2025
GVLE Goldman Sachs Value Opportunities ETF	15.42%	4.29%
FNDX Schwab Fundamental U.S. Large Company Index ETF	16.60%	2.87%

Correlation

The correlation between GVLE and FNDX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.87

Return for Risk

GVLE vs. FNDX — Risk / Return Rank

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

GVLE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FNDX

FNDX Risk / Return Rank: 93
FNDX Sharpe Ratio Rank: 94
FNDX Sortino Ratio Rank: 94
FNDX Omega Ratio Rank: 93
FNDX Calmar Ratio Rank: 92
FNDX Martin Ratio Rank: 92

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.

GVLE vs. FNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Value Opportunities ETF (GVLE) and Schwab Fundamental U.S. Large Company Index ETF (FNDX). 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.

	GVLE	FNDX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.78	—
Sortino ratio: Return per unit of downside risk	—	3.87	—
Omega ratio: Gain probability vs. loss probability	—	1.51	—
Calmar ratio: Return relative to maximum drawdown	—	4.72	—
Martin ratio: Return relative to average drawdown	—	18.25	—

Drawdowns

GVLE vs. FNDX - Drawdown Comparison

The maximum GVLE drawdown since its inception was -7.88%, smaller than the maximum FNDX drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for GVLE and FNDX.

Drawdown Indicators

	GVLE	FNDX	Difference
Max Drawdown Largest peak-to-trough decline	-7.88%	-37.72%	+29.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.06%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.30%	—
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	-0.70%	0.00%	-0.70%
Average Drawdown Average peak-to-trough decline	-1.22%	-3.54%	+2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.56%	—

Volatility

Volatility by Period

	GVLE	FNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	10.33%	+3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	15.13%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.95%	17.44%	-3.49%

GVLE vs. FNDX - Expense Ratio Comparison

GVLE has a 0.45% expense ratio, which is higher than FNDX's 0.25% expense ratio.

Dividends

GVLE vs. FNDX - Dividend Comparison

GVLE's dividend yield for the trailing twelve months is around 1.01%, less than FNDX's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDX Schwab Fundamental U.S. Large Company Index ETF	1.46%	1.63%	1.76%	1.82%	2.07%	1.64%	2.29%	2.23%	2.40%	1.86%	2.01%	2.01%
GVLE Goldman Sachs Value Opportunities ETF	1.01%	1.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GVLE and FNDX in my portfolio?

GVLE and FNDX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GVLE or FNDX?

On fees, FNDX is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GVLE or FNDX?

FNDX is cheaper with a 0.25% expense ratio, compared with 0.45% for GVLE.

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

FNDX has the higher dividend yield at 1.46%, compared with 1.01% for GVLE.

What is the main difference between GVLE and FNDX?

They also come from different issuers: Goldman Sachs and Charles Schwab. Their fees differ too: 0.45% for GVLE and 0.25% for FNDX.