LGCF vs. FNDX

Last updated Jun 6, 2026

LGCF (Themes US Cash Flow Champions ETF) and FNDX (Schwab Fundamental U.S. Large Company Index ETF) are both Large Cap Value Equities funds - LGCF tracks the Solactive US Cash Flow Champions Index while FNDX tracks the RAFI Fundamental High Liquidity US Large Index. Both are passively managed. Over the past year, LGCF returned 18.10% vs 31.89% for FNDX. Their correlation of 0.82 suggests significant overlap in exposure. LGCF charges 0.29%/yr vs 0.25%/yr for FNDX.

Performance

LGCF vs. FNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes US Cash Flow Champions ETF (LGCF) 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, LGCF achieves a 4.45% return, which is significantly lower than FNDX's 13.43% return.

LGCF

• 1D: -0.82%
• 1M: 0.95%
• YTD: 4.45%
• 6M: 5.09%
• 1Y: 18.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNDX

• 1D: -1.66%
• 1M: 1.12%
• YTD: 13.43%
• 6M: 13.56%
• 1Y: 31.89%
• 3Y*: 20.40%
• 5Y*: 12.60%
• 10Y*: 14.02%

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

LGCF vs. FNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LGCF Themes US Cash Flow Champions ETF	4.45%	15.71%	17.65%	2.14%
FNDX Schwab Fundamental U.S. Large Company Index ETF	13.43%	16.94%	16.77%	2.06%

Correlation

The correlation between LGCF and FNDX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023	0.82

The correlation between LGCF and FNDX has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.

LGCF vs. FNDX - Sectors Allocation Comparison

Sectors	LGCF	FNDX
Financial Services	36.2%	14.1%
Energy	21.7%	10.3%
Healthcare	17.3%	12.0%
Technology	8.5%	19.1%
Consumer Cyclical	7.6%	9.2%
Consumer Defensive	2.9%	7.4%
Basic Materials	2.3%	3.7%
Communication Services	2.3%	10.1%
Industrials	1.2%	9.3%
Real Estate	-	1.8%
Utilities	-	3.2%

Return for Risk

LGCF vs. FNDX — Risk / Return Rank

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

LGCF

LGCF Risk / Return Rank: 51
LGCF Sharpe Ratio Rank: 43
LGCF Sortino Ratio Rank: 43
LGCF Omega Ratio Rank: 44
LGCF Calmar Ratio Rank: 68
LGCF Martin Ratio Rank: 58

FNDX

FNDX Risk / Return Rank: 90
FNDX Sharpe Ratio Rank: 91
FNDX Sortino Ratio Rank: 92
FNDX Omega Ratio Rank: 90
FNDX Calmar Ratio Rank: 89
FNDX Martin Ratio Rank: 90

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.

LGCF vs. FNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes US Cash Flow Champions ETF (LGCF) 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.

	LGCF	FNDX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	3.09	-1.68
Sortino ratio: Return per unit of downside risk	1.98	4.29	-2.30
Omega ratio: Gain probability vs. loss probability	1.26	1.57	-0.30
Calmar ratio: Return relative to maximum drawdown	3.16	5.28	-2.12
Martin ratio: Return relative to average drawdown	9.53	20.64	-11.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGCF vs. FNDX - Sharpe Ratio Comparison

The current LGCF Sharpe Ratio is 1.41, which is lower than the FNDX Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of LGCF and FNDX, 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

	LGCF	FNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	3.09	-1.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.79	+0.29

Drawdowns

LGCF vs. FNDX - Drawdown Comparison

The maximum LGCF drawdown since its inception was -16.67%, smaller than the maximum FNDX drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for LGCF and FNDX.

Drawdown Indicators

	LGCF	FNDX	Difference
Max Drawdown Largest peak-to-trough decline	-16.67%	-37.72%	+21.05%
Max Drawdown (1Y) Largest decline over 1 year	-5.75%	-6.06%	+0.31%
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	-0.82%	-1.66%	+0.84%
Average Drawdown Average peak-to-trough decline	-2.22%	-3.55%	+1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	1.55%	+0.35%

Volatility

LGCF vs. FNDX - Volatility Comparison

Themes US Cash Flow Champions ETF (LGCF) has a higher volatility of 2.92% compared to Schwab Fundamental U.S. Large Company Index ETF (FNDX) at 2.76%. This indicates that LGCF's price experiences larger fluctuations and is considered to be riskier than FNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGCF	FNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.76%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	7.47%	+2.64%
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	10.36%	+2.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	15.19%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.16%	17.50%	-2.34%

LGCF vs. FNDX - Expense Ratio Comparison

LGCF has a 0.29% expense ratio, which is higher than FNDX's 0.25% expense ratio.

Dividends

LGCF vs. FNDX - Dividend Comparison

LGCF's dividend yield for the trailing twelve months is around 1.76%, more 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%
LGCF Themes US Cash Flow Champions ETF	1.76%	1.84%	1.19%	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 LGCF and FNDX in my portfolio?

LGCF and FNDX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGCF or FNDX?

LGCF has higher volatility (2.92%) compared to FNDX (2.76%). In terms of maximum drawdown, LGCF dropped -16.67% vs FNDX's -37.72%.

Which ETF is better, LGCF or FNDX?

On 1-year performance, FNDX leads with 31.89% vs 18.10% for LGCF. On fees, FNDX is cheaper at 0.25% per year. On volatility, FNDX has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGCF or FNDX?

Over the 1-year period, FNDX has performed better with a 31.89% return vs 18.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGCF or FNDX?

FNDX is cheaper with a 0.25% expense ratio, compared with 0.29% for LGCF.

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

LGCF has the higher dividend yield at 1.76%, compared with 1.46% for FNDX.

What is the main difference between LGCF and FNDX?

LGCF tracks Solactive US Cash Flow Champions Index, while FNDX tracks RAFI Fundamental High Liquidity US Large Index. They also come from different issuers: Themes and Charles Schwab. Their fees differ too: 0.29% for LGCF and 0.25% for FNDX.

Which has better risk-adjusted returns?

FNDX currently has the higher Sharpe Ratio (3.09 vs 1.41), 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.