SCHF vs. FNDE

Last updated Jun 4, 2026

SCHF (Schwab International Equity ETF) and FNDE (Schwab Fundamental Emerging Markets Large Company Index ETF) are both exchange-traded funds - SCHF is a Foreign Large Cap Equities fund tracking the FTSE Developed ex U.S. Index, while FNDE is a Emerging Markets Equities fund tracking the Russell Fundamental Emerging Markets Large Company Index. Both are passively managed. Over the past 10 years, SCHF returned 10.27%/yr vs 11.28%/yr for FNDE. A 0.79 correlation means they provide meaningful diversification when combined. SCHF charges 0.06%/yr vs 0.39%/yr for FNDE.

Performance

SCHF vs. FNDE - Performance Comparison

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

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with SCHF at 15.56% and FNDE at 15.56%. Over the past 10 years, SCHF has underperformed FNDE with an annualized return of 10.27%, while FNDE has yielded a comparatively higher 11.28% annualized return.

SCHF

• 1D: -0.86%
• 1M: 5.91%
• YTD: 15.56%
• 6M: 18.62%
• 1Y: 32.67%
• 3Y*: 19.90%
• 5Y*: 9.84%
• 10Y*: 10.27%

FNDE

• 1D: -1.61%
• 1M: 3.09%
• YTD: 15.56%
• 6M: 16.15%
• 1Y: 36.88%
• 3Y*: 21.61%
• 5Y*: 9.57%
• 10Y*: 11.28%

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

SCHF vs. FNDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHF Schwab International Equity ETF	15.56%	34.55%	3.28%	18.35%	-14.80%	11.40%	9.48%	22.26%	-14.29%	26.03%
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	15.56%	29.46%	12.10%	14.99%	-15.58%	14.41%	-2.77%	19.75%	-10.37%	26.77%

Correlation

The correlation between SCHF and FNDE is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Aug 16, 2013	0.79

The correlation between SCHF and FNDE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

SCHF vs. FNDE - Sectors Allocation Comparison

Sectors	SCHF	FNDE
Financial Services	20.6%	23.8%
Technology	15.7%	18.7%
Industrials	11.5%	4.7%
Basic Materials	6.5%	13.6%
Healthcare	6.5%	0.5%
Consumer Cyclical	5.7%	9.5%
Energy	5.0%	15.5%
Consumer Defensive	4.9%	3.1%
Communication Services	2.3%	6.6%
Real Estate	1.7%	1.5%
Utilities	1.7%	2.5%

Return for Risk

SCHF vs. FNDE — Risk / Return Rank

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

SCHF

SCHF Risk / Return Rank: 59
SCHF Sharpe Ratio Rank: 60
SCHF Sortino Ratio Rank: 60
SCHF Omega Ratio Rank: 60
SCHF Calmar Ratio Rank: 56
SCHF Martin Ratio Rank: 61

FNDE

FNDE Risk / Return Rank: 72
FNDE Sharpe Ratio Rank: 74
FNDE Sortino Ratio Rank: 71
FNDE Omega Ratio Rank: 74
FNDE Calmar Ratio Rank: 72
FNDE Martin Ratio Rank: 72

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. FNDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Equity ETF (SCHF) 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.

	SCHF	FNDE	Difference
Sharpe ratio Return per unit of total volatility	2.09	2.47	-0.38
Sortino ratio Return per unit of downside risk	2.87	3.28	-0.41
Omega ratio Gain probability vs. loss probability	1.37	1.45	-0.07
Calmar ratio Return relative to maximum drawdown	2.86	3.62	-0.77
Martin ratio Return relative to average drawdown	11.11	13.71	-2.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHF vs. FNDE - Sharpe Ratio Comparison

The current SCHF Sharpe Ratio is 2.09, which is comparable to the FNDE Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of SCHF and FNDE, 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

	SCHF	FNDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	2.47	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.57	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.59	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.38	+0.06

Drawdowns

SCHF vs. FNDE - Drawdown Comparison

The maximum SCHF drawdown since its inception was -34.87%, smaller than the maximum FNDE drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for SCHF and FNDE.

Drawdown Indicators

	SCHF	FNDE	Difference
Max Drawdown Largest peak-to-trough decline	-34.87%	-43.55%	+8.68%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-10.23%	-1.25%
Max Drawdown (3Y) Largest decline over 3 years	-13.41%	-18.40%	+4.99%
Max Drawdown (5Y) Largest decline over 5 years	-29.14%	-29.44%	+0.30%
Max Drawdown (10Y) Largest decline over 10 years	-34.87%	-39.93%	+5.06%
Current Drawdown Current decline from peak	-0.86%	-1.61%	+0.75%
Average Drawdown Average peak-to-trough decline	-7.38%	-11.71%	+4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	2.70%	+0.25%

Volatility

SCHF vs. FNDE - Volatility Comparison

Schwab International Equity ETF (SCHF) has a higher volatility of 5.66% compared to Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) at 5.34%. This indicates that SCHF'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.

Volatility by Period

	SCHF	FNDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	5.34%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	13.34%	12.30%	+1.04%
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	15.00%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	16.91%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.18%	19.30%	-2.12%

SCHF vs. FNDE - Expense Ratio Comparison

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

Dividends

SCHF vs. FNDE - Dividend Comparison

SCHF's dividend yield for the trailing twelve months is around 2.96%, less than FNDE's 3.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	3.62%	4.19%	4.82%	4.74%	5.59%	4.32%	2.50%	3.47%	2.98%	2.05%	1.65%	2.02%
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 FNDE in my portfolio?

SCHF and FNDE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHF or FNDE?

SCHF has higher volatility (5.66%) compared to FNDE (5.34%). In terms of maximum drawdown, SCHF dropped -34.87% vs FNDE's -43.55%.

Which ETF is better, SCHF or FNDE?

On 10-year performance, FNDE leads with 11.28% vs 10.27% for SCHF. On fees, SCHF is cheaper at 0.06% per year. On volatility, FNDE has been the lower-risk option at 5.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHF or FNDE?

Over the 10-year period, FNDE has performed better with a 11.28% return vs 10.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHF or FNDE?

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

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

FNDE has the higher dividend yield at 3.62%, compared with 2.96% for SCHF.

What is the main difference between SCHF and FNDE?

SCHF is categorized as Foreign Large Cap Equities, while FNDE is Emerging Markets Equities. SCHF tracks FTSE Developed ex U.S. Index, while FNDE tracks Russell Fundamental Emerging Markets Large Company Index. Their fees differ too: 0.06% for SCHF and 0.39% for FNDE.

Which has better risk-adjusted returns?

FNDE currently has the higher Sharpe Ratio (2.47 vs 2.09), 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.