UIVM vs. FNDF

Last updated Aug 2, 2026

UIVM (VictoryShares International Value Momentum ETF) and FNDF (Schwab Fundamental International Equity ETF) are both exchange-traded funds - UIVM is a Momentum fund tracking the Nasdaq Victory International Value Momentum Index, while FNDF is a Foreign Large Cap Equities fund tracking the RAFI Fundamental High Liquidity Developed ex US Large Index (Net). Both are passively managed. Over the past 5 years, UIVM returned 13.33%/yr vs 14.24%/yr for FNDF. Their 0.95 correlation means they have historically moved very closely together. UIVM charges 0.35%/yr vs 0.25%/yr for FNDF.

Performance

UIVM vs. FNDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Value Momentum ETF (UIVM) and Schwab Fundamental International Equity ETF (FNDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with UIVM having a 19.77% return and FNDF slightly higher at 20.14%.

UIVM

• 1D: -0.46%
• 1M: 5.17%
• 6M: 12.63%
• YTD: 19.77%
• 1Y: 34.82%
• 3Y*: 24.74%
• 5Y*: 13.33%
• 10Y*: —
• ALL TIME*: 8.47%

FNDF

• 1D: -0.59%
• 1M: 2.41%
• 6M: 11.85%
• YTD: 20.14%
• 1Y: 40.23%
• 3Y*: 21.76%
• 5Y*: 14.24%
• 10Y*: 11.86%
• ALL TIME*: 9.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FNDF Schwab Fundamental International Equity ETF	$75.61M	$73.89M	$78.20M
UIVM VictoryShares International Value Momentum ETF	$137.91K	$192.35K	$135.04K

UIVM vs. FNDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UIVM VictoryShares International Value Momentum ETF	19.77%	45.47%	5.23%	16.79%	-13.31%	11.85%	0.76%	15.29%	-17.41%	2.36%
FNDF Schwab Fundamental International Equity ETF	20.14%	40.99%	2.29%	20.22%	-7.78%	14.97%	3.61%	18.46%	-14.21%	3.45%

Correlation

The correlation between UIVM and FNDF is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017	0.95

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

UIVM vs. FNDF - Sectors Allocation Comparison

Sectors	UIVM	FNDF
Financial Services	28.9%	20.2%
Industrials	22.1%	12.8%
Consumer Cyclical	7.8%	8.2%
Consumer Defensive	6.9%	6.2%
Healthcare	6.7%	6.0%
Energy	5.6%	10.6%
Basic Materials	5.4%	10.0%
Utilities	4.5%	4.3%
Real Estate	4.4%	0.9%
Communication Services	3.9%	3.4%
Technology	3.2%	11.5%

Return for Risk

UIVM vs. FNDF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UIVM

UIVM Risk / Return Rank: 88
UIVM Sharpe Ratio Rank: 90
UIVM Sortino Ratio Rank: 90
UIVM Omega Ratio Rank: 90
UIVM Calmar Ratio Rank: 84
UIVM Martin Ratio Rank: 84

FNDF

FNDF Risk / Return Rank: 91
FNDF Sharpe Ratio Rank: 93
FNDF Sortino Ratio Rank: 91
FNDF Omega Ratio Rank: 92
FNDF Calmar Ratio Rank: 90
FNDF Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UIVM vs. FNDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Value Momentum ETF (UIVM) and Schwab Fundamental International Equity ETF (FNDF). 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.

	UIVM	FNDF	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.47	-0.20
Sortino ratio: Return per unit of downside risk	3.18	3.25	-0.07
Omega ratio: Gain probability vs. loss probability	1.42	1.45	-0.03
Calmar ratio: Return relative to maximum drawdown	3.20	3.78	-0.57
Martin ratio: Return relative to average drawdown	11.47	13.23	-1.77

UIVM vs. FNDF - Sharpe Ratio Comparison

The current UIVM Sharpe Ratio is 2.27, which is comparable to the FNDF Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of UIVM and FNDF, 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

UIVM vs. FNDF - Drawdown Comparison

The maximum UIVM drawdown since its inception was -42.73%, which is greater than FNDF's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for UIVM and FNDF.

Drawdown Indicators

	UIVM	FNDF	Difference
Max Drawdown Largest peak-to-trough decline	-42.73%	-40.14%	-2.59%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-10.60%	-0.42%
Max Drawdown (3Y) Largest decline over 3 years	-11.69%	-13.89%	+2.20%
Max Drawdown (5Y) Largest decline over 5 years	-28.27%	-25.56%	-2.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.14%	—
Current Drawdown Current decline from peak	-0.46%	-1.55%	+1.09%
Average Drawdown Average peak-to-trough decline	-9.55%	-7.59%	-1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	3.02%	+0.05%

Volatility

UIVM vs. FNDF - Volatility Comparison

The current volatility for VictoryShares International Value Momentum ETF (UIVM) is 4.20%, while Schwab Fundamental International Equity ETF (FNDF) has a volatility of 4.54%. This indicates that UIVM experiences smaller price fluctuations and is considered to be less risky than FNDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIVM	FNDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	4.54%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	13.91%	14.24%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	16.21%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.58%	16.34%	-0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	17.43%	-0.21%

UIVM vs. FNDF - Expense Ratio Comparison

UIVM has a 0.35% expense ratio, which is higher than FNDF's 0.25% expense ratio.

Dividends

UIVM vs. FNDF - Dividend Comparison

UIVM's dividend yield for the trailing twelve months is around 3.06%, which matches FNDF's 3.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDF Schwab Fundamental International Equity ETF	3.03%	3.44%	4.01%	3.41%	3.10%	3.54%	2.17%	3.20%	3.47%	2.32%	2.42%	2.08%
UIVM VictoryShares International Value Momentum ETF	3.06%	3.70%	5.09%	4.35%	3.03%	3.48%	1.63%	3.49%	2.78%	0.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UIVM and FNDF in my portfolio?

With a correlation of 0.93, UIVM and FNDF 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, UIVM or FNDF?

FNDF has higher volatility (4.54%) compared to UIVM (4.20%). In terms of maximum drawdown, UIVM dropped -42.73% vs FNDF's -40.14%.

Which ETF is better, UIVM or FNDF?

On 5-year performance, FNDF leads with 14.24% vs 13.33% for UIVM. On fees, FNDF is cheaper at 0.25% per year. On volatility, UIVM has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UIVM or FNDF?

Over the 5-year period, FNDF has performed better with a 14.24% return vs 13.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UIVM or FNDF?

FNDF is cheaper with a 0.25% expense ratio, compared with 0.35% for UIVM.

Which ETF pays a higher dividend yield, UIVM or FNDF?

UIVM has the higher dividend yield at 3.06%, compared with 3.03% for FNDF.

What is the main difference between UIVM and FNDF?

UIVM is categorized as Momentum, while FNDF is Foreign Large Cap Equities. UIVM tracks Nasdaq Victory International Value Momentum Index, while FNDF tracks RAFI Fundamental High Liquidity Developed ex US Large Index (Net). They also come from different issuers: Victory and Charles Schwab. Their fees differ too: 0.35% for UIVM and 0.25% for FNDF.

Which has better risk-adjusted returns?

FNDF currently has the higher Sharpe Ratio (2.47 vs 2.27), 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.