PXH vs. FNDE
Compare and contrast key facts about Invesco FTSE RAFI Emerging Markets ETF (PXH) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE).
PXH and FNDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PXH is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI Emerging Markets Index. It was launched on Sep 27, 2007. FNDE is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Emerging Markets Large Company Index. It was launched on Aug 15, 2013. Both PXH and FNDE 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: PXH or FNDE.
Key characteristics
| PXH | FNDE | |
|---|---|---|
| YTD Return | 6.53% | 6.71% |
| 1Y Return | 17.31% | 16.86% |
| 3Y Return (Ann) | 1.25% | 2.35% |
| 5Y Return (Ann) | 2.86% | 4.56% |
| 10Y Return (Ann) | 3.67% | 4.18% |
| Sharpe Ratio | 1.12 | 1.15 |
| Daily Std Dev | 15.27% | 14.50% |
| Max Drawdown | -63.63% | -43.55% |
| Current Drawdown | -4.21% | -3.31% |
Correlation
The correlation between PXH and FNDE is 0.97, 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
PXH vs. FNDE - Performance Comparison
The year-to-date returns for both investments are quite close, with PXH having a 6.53% return and FNDE slightly higher at 6.71%. Over the past 10 years, PXH has underperformed FNDE with an annualized return of 3.67%, while FNDE has yielded a comparatively higher 4.18% annualized 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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PXH vs. FNDE - Expense Ratio Comparison
PXH has a 0.50% expense ratio, which is higher than FNDE's 0.39% expense ratio.
Risk-Adjusted Performance
PXH vs. FNDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Emerging Markets ETF (PXH) and Schwab Fundamental Emerging Markets Large Company Index 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.
Dividends
PXH vs. FNDE - Dividend Comparison
PXH's dividend yield for the trailing twelve months is around 4.26%, less than FNDE's 4.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXH Invesco FTSE RAFI Emerging Markets ETF | 4.26% | 4.84% | 5.33% | 4.69% | 2.79% | 3.28% | 3.30% | 2.74% | 1.97% | 3.44% | 3.19% | 2.80% |
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF | 4.44% | 4.74% | 5.59% | 4.32% | 2.50% | 3.47% | 3.04% | 2.05% | 1.65% | 2.02% | 1.36% | 0.51% |
Drawdowns
PXH vs. FNDE - Drawdown Comparison
The maximum PXH drawdown since its inception was -63.63%, which is greater than FNDE's maximum drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for PXH and FNDE. For additional features, visit the drawdowns tool.
Volatility
PXH vs. FNDE - Volatility Comparison
Invesco FTSE RAFI Emerging Markets ETF (PXH) has a higher volatility of 5.06% compared to Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) at 4.79%. This indicates that PXH's price experiences larger fluctuations and is considered to be riskier than FNDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.