ICPY vs. FNDE
ICPY (Tweedy, Browne International Insider + Value ETF) and FNDE (Schwab Fundamental Emerging Markets Equity ETF) are both exchange-traded funds - ICPY is a Foreign Large Cap Equities fund actively managed by Tweedy, Browne, while FNDE is a Emerging Markets Equities fund tracking the RAFI Fundamental High Liquidity Emerging Markets Index (Net). ICPY is actively managed, while FNDE is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. ICPY charges 0.80%/yr vs 0.39%/yr for FNDE.
Performance
ICPY vs. FNDE - Performance Comparison
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Returns By Period
In the year-to-date period, ICPY achieves a 12.60% return, which is significantly higher than FNDE's 9.44% return.
ICPY
- 1D
- -0.08%
- 1M
- -1.61%
- YTD
- 12.60%
- 6M
- 13.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNDE
- 1D
- -0.56%
- 1M
- -4.05%
- YTD
- 9.44%
- 6M
- 8.98%
- 1Y
- 23.59%
- 3Y*
- 18.66%
- 5Y*
- 8.69%
- 10Y*
- 10.61%
ICPY vs. FNDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ICPY Tweedy, Browne International Insider + Value ETF | 12.60% | 13.79% |
FNDE Schwab Fundamental Emerging Markets Equity ETF | 9.44% | 6.28% |
Correlation
The correlation between ICPY and FNDE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.74 |
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Return for Risk
ICPY vs. FNDE — Risk / Return Rank
ICPY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FNDE
ICPY vs. FNDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne International Insider + Value ETF (ICPY) and Schwab Fundamental Emerging Markets Equity ETF (FNDE). 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.
| ICPY | FNDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.32 | — |
| Martin ratioReturn relative to average drawdown | — | 8.08 | — |
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Drawdowns
ICPY vs. FNDE - Drawdown Comparison
The maximum ICPY drawdown since its inception was -8.86%, smaller than the maximum FNDE drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for ICPY and FNDE.
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Drawdown Indicators
| ICPY | FNDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.86% | -43.55% | +34.69% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.93% | — |
Current DrawdownCurrent decline from peak | -2.71% | -6.82% | +4.11% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -11.67% | +10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.93% | — |
Volatility
ICPY vs. FNDE - Volatility Comparison
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Volatility by Period
| ICPY | FNDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.45% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 15.77% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.09% | 17.07% | -1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 19.19% | -4.10% |
ICPY vs. FNDE - Expense Ratio Comparison
ICPY has a 0.80% expense ratio, which is higher than FNDE's 0.39% expense ratio.
Dividends
ICPY vs. FNDE - Dividend Comparison
ICPY's dividend yield for the trailing twelve months is around 4.05%, more than FNDE's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDE Schwab Fundamental Emerging Markets Equity ETF | 3.78% | 4.19% | 4.82% | 4.74% | 5.59% | 4.32% | 2.50% | 3.47% | 2.98% | 2.05% | 1.65% | 2.02% |
ICPY Tweedy, Browne International Insider + Value ETF | 4.05% | 4.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ICPY and FNDE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FNDE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FNDE is cheaper with a 0.39% expense ratio, compared with 0.80% for ICPY.
ICPY has the higher dividend yield at 4.05%, compared with 3.78% for FNDE.
ICPY is categorized as Foreign Large Cap Equities, while FNDE is Emerging Markets Equities. They also come from different issuers: Tweedy, Browne and Charles Schwab. Their fees differ too: 0.80% for ICPY and 0.39% for FNDE.
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