SCHQ vs. FNDX
SCHQ (Schwab Long-Term U.S. Treasury ETF) and FNDX (Schwab Fundamental U.S. Large Company Index ETF) are both exchange-traded funds - SCHQ is a Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index, while FNDX is a Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US Large Index. Both are passively managed. Over the past 5 years, SCHQ returned -7.19%/yr vs 14.07%/yr for FNDX. Their -0.08 correlation means they have often moved in opposite directions in the past. SCHQ charges 0.03%/yr vs 0.25%/yr for FNDX.
Performance
SCHQ vs. FNDX - Performance Comparison
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Returns By Period
In the year-to-date period, SCHQ achieves a -2.90% return, which is significantly lower than FNDX's 18.49% return.
SCHQ
- 1D
- 0.36%
- 1M
- -3.17%
- 6M
- -2.56%
- YTD
- -2.90%
- 1Y
- -1.33%
- 3Y*
- -0.04%
- 5Y*
- -7.19%
- 10Y*
- —
- ALL TIME*
- -4.12%
FNDX
- 1D
- 0.79%
- 1M
- 2.30%
- 6M
- 12.65%
- YTD
- 18.49%
- 1Y
- 33.39%
- 3Y*
- 19.99%
- 5Y*
- 14.07%
- 10Y*
- 14.22%
- ALL TIME*
- 13.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $78.80M | $81.53M | $109.49M | |
| $13.53M | $14.79M | $18.63M |
SCHQ vs. FNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | -2.90% | 5.50% | -6.44% | 3.43% | -29.44% | -4.86% | 17.73% | -4.20% |
FNDX Schwab Fundamental U.S. Large Company Index ETF | 18.49% | 16.94% | 16.77% | 18.23% | -6.92% | 31.73% | 9.12% | 11.70% |
Correlation
The correlation between SCHQ and FNDX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | -0.08 |
The correlation between SCHQ and FNDX shifts across timeframes, from -0.08 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHQ vs. FNDX — Risk / Return Rank
SCHQ
FNDX
SCHQ vs. FNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Long-Term U.S. Treasury ETF (SCHQ) 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.
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.
| SCHQ | FNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.44 | ||
| Sortino ratioReturn per unit of downside risk | -4.71 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.62 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 5.53 | -5.72 |
| Martin ratioReturn relative to average drawdown | -0.41 | 22.12 | -22.53 |
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Drawdowns
SCHQ vs. FNDX - Drawdown Comparison
The maximum SCHQ drawdown since its inception was -46.13%, which is greater than FNDX's maximum drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for SCHQ and FNDX.
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Drawdown Indicators
| SCHQ | FNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.13% | -37.72% | -8.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.05% | -6.06% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -13.38% | -16.30% | +2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -40.93% | -19.06% | -21.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.72% | — |
Current DrawdownCurrent decline from peak | -38.39% | 0.00% | -38.39% |
Average DrawdownAverage peak-to-trough decline | -26.61% | -3.52% | -23.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 1.51% | +1.72% |
Volatility
SCHQ vs. FNDX - Volatility Comparison
The current volatility for Schwab Long-Term U.S. Treasury ETF (SCHQ) is 2.30%, while Schwab Fundamental U.S. Large Company Index ETF (FNDX) has a volatility of 2.44%. This indicates that SCHQ experiences smaller price fluctuations and is considered to be less risky than FNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHQ | FNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 2.44% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.30% | 7.37% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.41% | 10.23% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 15.08% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 17.45% | -2.25% |
SCHQ vs. FNDX - Expense Ratio Comparison
SCHQ has a 0.03% expense ratio, which is lower than FNDX'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
SCHQ vs. FNDX - Dividend Comparison
SCHQ's dividend yield for the trailing twelve months is around 4.92%, more than FNDX's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDX Schwab Fundamental U.S. Large Company Index ETF | 1.44% | 1.63% | 1.76% | 1.82% | 2.07% | 1.64% | 2.29% | 2.23% | 2.40% | 1.86% | 2.01% | 2.01% |
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.92% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCHQ and FNDX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNDX has higher volatility (2.44%) compared to SCHQ (2.30%). In terms of maximum drawdown, SCHQ dropped -46.13% vs FNDX's -37.72%.
On 5-year performance, FNDX leads with 14.07% vs -7.19% for SCHQ. On fees, SCHQ is cheaper at 0.03% per year. On volatility, SCHQ has been the lower-risk option at 2.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FNDX has performed better with a 14.07% return vs -7.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHQ is cheaper with a 0.03% expense ratio, compared with 0.25% for FNDX.
SCHQ has the higher dividend yield at 4.92%, compared with 1.44% for FNDX.
SCHQ is categorized as Government Bonds, while FNDX is Large Cap Value Equities. SCHQ tracks Bloomberg U.S. Long Treasury Index, while FNDX tracks RAFI Fundamental High Liquidity US Large Index. Their fees differ too: 0.03% for SCHQ and 0.25% for FNDX.
FNDX currently has the higher Sharpe Ratio (3.29 vs -0.16), 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.
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