PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SFLNX vs. EEM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SFLNX vs. EEM

Last updated Jun 14, 2026

SFLNX (Schwab Fundamental US Large Company Index Fund) and EEM (iShares MSCI Emerging Markets ETF) are both funds - SFLNX is a Large Cap Value Equities fund tracking the Russell RAFI US Large Company Index, while EEM is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index (Net). Both are passively managed. Over the past 10 years, SFLNX returned 14.31%/yr vs 9.91%/yr for EEM. A 0.72 correlation means they provide meaningful diversification when combined. SFLNX charges 0.25%/yr vs 0.72%/yr for EEM.

Performance

SFLNX vs. EEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental US Large Company Index Fund (SFLNX) and iShares MSCI Emerging Markets ETF (EEM). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SFLNX achieves a 14.44% return, which is significantly lower than EEM's 24.07% return. Over the past 10 years, SFLNX has outperformed EEM with an annualized return of 14.31%, while EEM has yielded a comparatively lower 9.91% annualized return.

SFLNX

1D
1.52%
1M
1.49%
YTD
14.44%
6M
13.87%
1Y
31.60%
3Y*
20.20%
5Y*
12.92%
10Y*
14.31%

EEM

1D
0.56%
1M
0.74%
YTD
24.07%
6M
26.94%
1Y
47.57%
3Y*
21.60%
5Y*
6.56%
10Y*
9.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SFLNX vs. EEM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SFLNX
Schwab Fundamental US Large Company Index Fund		14.44%17.02%16.78%18.16%-6.89%31.64%9.12%28.91%-7.43%17.08%
EEM
iShares MSCI Emerging Markets ETF		24.07%33.98%6.49%8.95%-20.56%-3.63%17.02%18.22%-15.31%37.26%

Correlation

The correlation between SFLNX and EEM is 0.62, 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

0.62

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.61

Correlation (10Y)
Calculated over the trailing 10-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2008

0.72

The correlation between SFLNX and EEM shifts across timeframes, from 0.60 (3 years) to 0.72 (all time), reflecting how their relationship changes across market environments.

SFLNX vs. EEM - Sectors Allocation Comparison

Sectors
SFLNX
EEM

Technology

19.0%
44.3%

Financial Services

13.9%
17.7%

Healthcare

11.9%
2.5%

Communication Services

10.3%
6.0%

Energy

10.2%
3.4%

Industrials

9.4%
6.6%

Consumer Cyclical

9.2%
8.3%

Consumer Defensive

7.4%
2.5%

Basic Materials

3.7%
5.9%

Utilities

3.2%
1.8%

Real Estate

1.8%
1.0%

Technology

SFLNX
19.0%
EEM
44.3%

Financial Services

SFLNX
13.9%
EEM
17.7%

Healthcare

SFLNX
11.9%
EEM
2.5%

Communication Services

SFLNX
10.3%
EEM
6.0%

Energy

SFLNX
10.2%
EEM
3.4%

Industrials

SFLNX
9.4%
EEM
6.6%

Consumer Cyclical

SFLNX
9.2%
EEM
8.3%

Consumer Defensive

SFLNX
7.4%
EEM
2.5%

Basic Materials

SFLNX
3.7%
EEM
5.9%

Utilities

SFLNX
3.2%
EEM
1.8%

Real Estate

SFLNX
1.8%
EEM
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab Fundamental US Large Company Index Fund

iShares MSCI Emerging Markets ETF

Often compared with SFLNX:
SFLNX vs. SWLGXSFLNX vs. VFIAXSFLNX vs. VOOSFLNX vs. VDADXSFLNX vs. SEEGXSFLNX vs. SWTSXSFLNX vs. FLCOX
Often compared with EEM:
EEM vs. VWOEEM vs. SPYEEM vs. IEMGEEM vs. IS3N.DEEEM vs. VXUSEEM vs. EEMSEEM vs. SPEM

Return for Risk

SFLNX vs. EEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SFLNX
SFLNX Risk / Return Rank: 9393
Overall Rank
SFLNX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
SFLNX Sortino Ratio Rank: 9191
Sortino Ratio Rank
SFLNX Omega Ratio Rank: 8787
Omega Ratio Rank
SFLNX Calmar Ratio Rank: 9595
Calmar Ratio Rank
SFLNX Martin Ratio Rank: 9696
Martin Ratio Rank
EEM
EEM Risk / Return Rank: 7575
Overall Rank
EEM Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
EEM Sortino Ratio Rank: 7070
Sortino Ratio Rank
EEM Omega Ratio Rank: 7878
Omega Ratio Rank
EEM Calmar Ratio Rank: 7575
Calmar Ratio Rank
EEM Martin Ratio Rank: 7575
Martin Ratio Rank
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.

SFLNX vs. EEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental US Large Company Index Fund (SFLNX) and iShares MSCI Emerging Markets ETF (EEM). 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.

SFLNXEEMDifference
Sharpe ratioReturn per unit of total volatility
2.92
2.10

+0.82

Sortino ratioReturn per unit of downside risk
4.05
2.73

+1.32

Omega ratioGain probability vs. loss probability

1.53

1.40

+0.14

Calmar ratioReturn relative to maximum drawdown

5.06

3.36

+1.70

Martin ratioReturn relative to average drawdown

19.68

12.38

+7.29

SFLNX vs. EEM - Sharpe Ratio Comparison

The current SFLNX Sharpe Ratio is 2.92, which is higher than the EEM Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of SFLNX and EEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

SFLNX vs. EEM - Drawdown Comparison

The maximum SFLNX drawdown since its inception was -56.18%, smaller than the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for SFLNX and EEM.

Loading charts...

Drawdown Indicators

SFLNXEEMDifference

Max Drawdown

Largest peak-to-trough decline

-56.18%

-66.43%

+10.25%

Max Drawdown (1Y)

Largest decline over 1 year

-6.10%

-13.52%

+7.42%

Max Drawdown (3Y)

Largest decline over 3 years

-16.27%

-17.29%

+1.02%

Max Drawdown (5Y)

Largest decline over 5 years

-18.98%

-37.49%

+18.51%

Max Drawdown (10Y)

Largest decline over 10 years

-37.59%

-39.82%

+2.23%

Current Drawdown

Current decline from peak

-0.73%

-4.12%

+3.39%

Average Drawdown

Average peak-to-trough decline

-6.00%

-16.00%

+10.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.57%

3.67%

-2.10%

Volatility

SFLNX vs. EEM - Volatility Comparison

The current volatility for Schwab Fundamental US Large Company Index Fund (SFLNX) is 3.17%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 10.80%. This indicates that SFLNX experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SFLNXEEMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.17%

10.80%

-7.63%

Volatility (6M)

Calculated over the trailing 6-month period

7.81%

19.39%

-11.58%

Volatility (1Y)

Calculated over the trailing 1-year period

10.59%

21.64%

-11.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.30%

19.26%

-3.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.41%

20.64%

-2.23%

SFLNX vs. EEM - Expense Ratio Comparison

SFLNX has a 0.25% expense ratio, which is lower than EEM's 0.72% expense ratio.

Dividends

SFLNX vs. EEM - Dividend Comparison

SFLNX's dividend yield for the trailing twelve months is around 1.46%, less than EEM's 1.79% yield.

PositionTTM20252024202320222021202020192018201720162015
EEM
iShares MSCI Emerging Markets ETF		1.79%2.22%2.43%2.63%2.50%1.99%1.45%2.76%2.24%1.89%1.89%2.49%
SFLNX
Schwab Fundamental US Large Company Index Fund		1.46%1.68%1.78%1.86%2.09%4.78%6.17%5.33%9.69%3.28%7.23%5.68%

Frequently Asked Questions

SFLNX and EEM have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EEM has higher volatility (10.80%) compared to SFLNX (3.17%). In terms of maximum drawdown, SFLNX dropped -56.18% vs EEM's -66.43%.

SFLNX currently has the higher Sharpe Ratio (2.92 vs 2.10), 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.

Portfolio Optimizer

Find the right allocation for SFLNX and EEM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer