SCHG vs. FNDA

Last updated Jul 21, 2026

SCHG (Schwab U.S. Large-Cap Growth ETF) and FNDA (Schwab Fundamental U.S. Small Company ETF) are both exchange-traded funds - SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while FNDA is a Small Cap Blend Equities fund tracking the RAFI Fundamental High Liquidity U.S. Small Index. Both are passively managed. Over the past 10 years, SCHG returned 18.26%/yr vs 10.83%/yr for FNDA. A 0.70 correlation means they provide meaningful diversification when combined. SCHG charges 0.04%/yr vs 0.25%/yr for FNDA.

Performance

SCHG vs. FNDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Growth ETF (SCHG) and Schwab Fundamental U.S. Small Company ETF (FNDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHG achieves a 4.93% return, which is significantly lower than FNDA's 19.19% return. Over the past 10 years, SCHG has outperformed FNDA with an annualized return of 18.26%, while FNDA has yielded a comparatively lower 10.83% annualized return.

SCHG

• 1D: -0.09%
• 1M: 0.84%
• 6M: 5.77%
• YTD: 4.93%
• 1Y: 15.31%
• 3Y*: 21.96%
• 5Y*: 13.32%
• 10Y*: 18.26%
• ALL TIME*: 16.37%

FNDA

• 1D: -0.69%
• 1M: 1.37%
• 6M: 10.86%
• YTD: 19.19%
• 1Y: 28.58%
• 3Y*: 14.05%
• 5Y*: 8.71%
• 10Y*: 10.83%
• ALL TIME*: 10.42%

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

SCHG vs. FNDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHG Schwab U.S. Large-Cap Growth ETF	4.93%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%
FNDA Schwab Fundamental U.S. Small Company ETF	19.19%	7.44%	9.00%	20.29%	-14.83%	31.12%	8.44%	24.34%	-12.12%	12.68%

Correlation

The correlation between SCHG and FNDA is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013	0.70

The correlation between SCHG and FNDA shifts across timeframes, from 0.55 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

SCHG vs. FNDA - Sectors Allocation Comparison

Sectors	SCHG	FNDA
Technology	44.0%	15.2%
Communication Services	14.1%	3.7%
Consumer Cyclical	11.2%	12.4%
Healthcare	9.9%	7.8%
Financial Services	7.7%	14.8%
Industrials	7.6%	19.1%
Consumer Defensive	1.9%	3.9%
Basic Materials	1.6%	4.3%
Energy	0.9%	5.6%
Real Estate	0.6%	10.0%
Utilities	0.5%	3.0%

Return for Risk

SCHG vs. FNDA — Risk / Return Rank

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

SCHG

SCHG Risk / Return Rank: 30
SCHG Sharpe Ratio Rank: 34
SCHG Sortino Ratio Rank: 32
SCHG Omega Ratio Rank: 32
SCHG Calmar Ratio Rank: 26
SCHG Martin Ratio Rank: 29

FNDA

FNDA Risk / Return Rank: 72
FNDA Sharpe Ratio Rank: 70
FNDA Sortino Ratio Rank: 73
FNDA Omega Ratio Rank: 66
FNDA Calmar Ratio Rank: 79
FNDA Martin Ratio Rank: 74

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.

SCHG vs. FNDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) and Schwab Fundamental U.S. Small Company ETF (FNDA). 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.

	SCHG	FNDA	Difference
Sharpe ratio: Return per unit of total volatility	0.94	1.68	-0.74
Sortino ratio: Return per unit of downside risk	1.35	2.48	-1.12
Omega ratio: Gain probability vs. loss probability	1.17	1.29	-0.12
Calmar ratio: Return relative to maximum drawdown	0.94	3.07	-2.13
Martin ratio: Return relative to average drawdown	3.00	9.90	-6.90

SCHG vs. FNDA - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 0.94, which is lower than the FNDA Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of SCHG and FNDA, 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

SCHG vs. FNDA - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, smaller than the maximum FNDA drawdown of -44.64%. Use the drawdown chart below to compare losses from any high point for SCHG and FNDA.

Drawdown Indicators

	SCHG	FNDA	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-44.64%	+10.05%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-9.36%	-7.05%
Max Drawdown (3Y) Largest decline over 3 years	-23.39%	-25.92%	+2.53%
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	-25.92%	-8.67%
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	-44.64%	+10.05%
Current Drawdown Current decline from peak	-3.16%	-1.76%	-1.40%
Average Drawdown Average peak-to-trough decline	-5.19%	-6.64%	+1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	2.90%	+2.22%

Volatility

SCHG vs. FNDA - Volatility Comparison

Schwab U.S. Large-Cap Growth ETF (SCHG) has a higher volatility of 4.47% compared to Schwab Fundamental U.S. Small Company ETF (FNDA) at 3.51%. This indicates that SCHG's price experiences larger fluctuations and is considered to be riskier than FNDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHG	FNDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	3.51%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	12.82%	12.09%	+0.73%
Volatility (1Y) Calculated over the trailing 1-year period	16.43%	17.10%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.40%	20.74%	+1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.57%	22.32%	-0.75%

SCHG vs. FNDA - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is lower than FNDA's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SCHG vs. FNDA - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.39%, less than FNDA's 1.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDA Schwab Fundamental U.S. Small Company ETF	1.11%	1.22%	1.53%	1.37%	1.38%	1.15%	1.31%	1.38%	1.64%	1.30%	1.18%	1.33%
SCHG Schwab U.S. Large-Cap Growth ETF	0.39%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both SCHG and FNDA in my portfolio?

SCHG and FNDA have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHG or FNDA?

SCHG has higher volatility (4.47%) compared to FNDA (3.51%). In terms of maximum drawdown, SCHG dropped -34.59% vs FNDA's -44.64%.

Which ETF is better, SCHG or FNDA?

On 10-year performance, SCHG leads with 18.26% vs 10.83% for FNDA. On fees, SCHG is cheaper at 0.04% per year. On volatility, FNDA has been the lower-risk option at 3.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHG or FNDA?

Over the 10-year period, SCHG has performed better with a 18.26% return vs 10.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHG or FNDA?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.25% for FNDA.

Which ETF pays a higher dividend yield, SCHG or FNDA?

FNDA has the higher dividend yield at 1.11%, compared with 0.39% for SCHG.

What is the main difference between SCHG and FNDA?

SCHG is categorized as Large Cap Growth Equities, while FNDA is Small Cap Blend Equities. SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while FNDA tracks RAFI Fundamental High Liquidity U.S. Small Index. Their fees differ too: 0.04% for SCHG and 0.25% for FNDA.

Which has better risk-adjusted returns?

FNDA currently has the higher Sharpe Ratio (1.68 vs 0.94), 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.