SCHF vs. FNDC

Last updated Jun 13, 2026

SCHF (Schwab International Equity ETF) and FNDC (Schwab Fundamental International Small Co. Index ETF) are both exchange-traded funds - SCHF is a Foreign Large Cap Equities fund tracking the FTSE Developed ex U.S. Index, while FNDC is a Foreign Small & Mid Cap Equities fund tracking the Russell RAFI Small Company Developed x US. Both are passively managed. Over the past 10 years, SCHF returned 10.82%/yr vs 9.15%/yr for FNDC. Their correlation of 0.94 suggests significant overlap in exposure. SCHF charges 0.06%/yr vs 0.39%/yr for FNDC.

Performance

SCHF vs. FNDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab International Equity ETF (SCHF) and Schwab Fundamental International Small Co. Index ETF (FNDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHF achieves a 15.39% return, which is significantly higher than FNDC's 11.54% return. Over the past 10 years, SCHF has outperformed FNDC with an annualized return of 10.82%, while FNDC has yielded a comparatively lower 9.15% annualized return.

SCHF

• 1D: 0.29%
• 1M: 1.57%
• YTD: 15.39%
• 6M: 17.24%
• 1Y: 30.20%
• 3Y*: 19.18%
• 5Y*: 9.76%
• 10Y*: 10.82%

FNDC

• 1D: 0.34%
• 1M: -1.02%
• YTD: 11.54%
• 6M: 12.98%
• 1Y: 24.92%
• 3Y*: 17.46%
• 5Y*: 7.25%
• 10Y*: 9.15%

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

SCHF vs. FNDC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHF Schwab International Equity ETF	15.39%	34.55%	3.28%	18.35%	-14.80%	11.40%	9.48%	22.26%	-14.29%	26.03%
FNDC Schwab Fundamental International Small Co. Index ETF	11.54%	35.65%	1.38%	14.92%	-14.71%	10.26%	6.58%	20.58%	-19.10%	29.22%

Correlation

The correlation between SCHF and FNDC is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013	0.94

The correlation between SCHF and FNDC has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

SCHF vs. FNDC - Sectors Allocation Comparison

Sectors	SCHF	FNDC
Financial Services	24.0%	11.5%
Technology	21.4%	8.7%
Industrials	8.9%	25.8%
Healthcare	7.3%	4.9%
Basic Materials	5.8%	11.0%
Energy	5.5%	4.6%
Consumer Defensive	4.5%	6.3%
Consumer Cyclical	4.4%	12.8%
Communication Services	1.8%	4.8%
Utilities	1.0%	2.8%
Real Estate	0.2%	6.9%

Return for Risk

SCHF vs. FNDC — Risk / Return Rank

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

SCHF

SCHF Risk / Return Rank: 63
SCHF Sharpe Ratio Rank: 64
SCHF Sortino Ratio Rank: 62
SCHF Omega Ratio Rank: 63
SCHF Calmar Ratio Rank: 61
SCHF Martin Ratio Rank: 64

FNDC

FNDC Risk / Return Rank: 56
FNDC Sharpe Ratio Rank: 57
FNDC Sortino Ratio Rank: 57
FNDC Omega Ratio Rank: 57
FNDC Calmar Ratio Rank: 52
FNDC Martin Ratio Rank: 54

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.

SCHF vs. FNDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Equity ETF (SCHF) and Schwab Fundamental International Small Co. Index ETF (FNDC). 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.

	SCHF	FNDC	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.69	+0.13
Sortino ratio: Return per unit of downside risk	2.52	2.40	+0.12
Omega ratio: Gain probability vs. loss probability	1.33	1.31	+0.02
Calmar ratio: Return relative to maximum drawdown	2.64	2.23	+0.41
Martin ratio: Return relative to average drawdown	10.14	8.23	+1.91

SCHF vs. FNDC - Sharpe Ratio Comparison

The current SCHF Sharpe Ratio is 1.82, which is comparable to the FNDC Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of SCHF and FNDC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCHF vs. FNDC - Drawdown Comparison

The maximum SCHF drawdown since its inception was -34.87%, smaller than the maximum FNDC drawdown of -43.22%. Use the drawdown chart below to compare losses from any high point for SCHF and FNDC.

Drawdown Indicators

	SCHF	FNDC	Difference
Max Drawdown Largest peak-to-trough decline	-34.87%	-43.22%	+8.35%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-11.20%	-0.28%
Max Drawdown (3Y) Largest decline over 3 years	-13.41%	-12.98%	-0.43%
Max Drawdown (5Y) Largest decline over 5 years	-29.14%	-32.13%	+2.99%
Max Drawdown (10Y) Largest decline over 10 years	-34.87%	-43.22%	+8.35%
Current Drawdown Current decline from peak	-1.00%	-1.93%	+0.93%
Average Drawdown Average peak-to-trough decline	-7.37%	-8.44%	+1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	3.04%	-0.05%

Volatility

SCHF vs. FNDC - Volatility Comparison

Schwab International Equity ETF (SCHF) has a higher volatility of 6.91% compared to Schwab Fundamental International Small Co. Index ETF (FNDC) at 5.51%. This indicates that SCHF's price experiences larger fluctuations and is considered to be riskier than FNDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHF	FNDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.91%	5.51%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	14.42%	12.47%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	16.67%	14.81%	+1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.56%	16.08%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.24%	16.82%	+0.42%

SCHF vs. FNDC - Expense Ratio Comparison

SCHF has a 0.06% expense ratio, which is lower than FNDC's 0.39% expense ratio.

Dividends

SCHF vs. FNDC - Dividend Comparison

SCHF's dividend yield for the trailing twelve months is around 2.96%, less than FNDC's 3.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDC Schwab Fundamental International Small Co. Index ETF	3.46%	3.86%	3.59%	2.86%	1.98%	2.58%	1.77%	2.71%	2.68%	1.94%	1.95%	1.30%
SCHF Schwab International Equity ETF	2.96%	3.42%	3.26%	2.97%	2.80%	3.19%	2.08%	2.95%	3.06%	2.35%	2.58%	2.26%

Frequently Asked Questions

Can I hold both SCHF and FNDC in my portfolio?

With a correlation of 0.93, SCHF and FNDC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SCHF or FNDC?

SCHF has higher volatility (6.91%) compared to FNDC (5.51%). In terms of maximum drawdown, SCHF dropped -34.87% vs FNDC's -43.22%.

Which ETF is better, SCHF or FNDC?

On 10-year performance, SCHF leads with 10.82% vs 9.15% for FNDC. On fees, SCHF is cheaper at 0.06% per year. On volatility, FNDC has been the lower-risk option at 5.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHF or FNDC?

Over the 10-year period, SCHF has performed better with a 10.82% return vs 9.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHF or FNDC?

SCHF is cheaper with a 0.06% expense ratio, compared with 0.39% for FNDC.

Which ETF pays a higher dividend yield, SCHF or FNDC?

FNDC has the higher dividend yield at 3.46%, compared with 2.96% for SCHF.

What is the main difference between SCHF and FNDC?

SCHF is categorized as Foreign Large Cap Equities, while FNDC is Foreign Small & Mid Cap Equities. SCHF tracks FTSE Developed ex U.S. Index, while FNDC tracks Russell RAFI Small Company Developed x US. Their fees differ too: 0.06% for SCHF and 0.39% for FNDC.

Which has better risk-adjusted returns?

SCHF currently has the higher Sharpe Ratio (1.82 vs 1.69), 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.