UIVM vs. FNDF

Last updated Jun 3, 2026

UIVM (VictoryShares International Value Momentum ETF) and FNDF (Schwab Fundamental International Large Company Index 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 Russell Fundamental Developed ex-U.S. Large Company Index. Both are passively managed. Over the past 5 years, UIVM returned 12.24%/yr vs 13.68%/yr for FNDF. With a 0.95 correlation, they move nearly in lockstep. 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 Large Company Index ETF (FNDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UIVM achieves a 15.98% return, which is significantly lower than FNDF's 22.03% return.

UIVM

• 1D: 0.60%
• 1M: 4.11%
• YTD: 15.98%
• 6M: 19.97%
• 1Y: 35.01%
• 3Y*: 25.13%
• 5Y*: 12.24%
• 10Y*: —

FNDF

• 1D: 0.66%
• 1M: 6.57%
• YTD: 22.03%
• 6M: 26.38%
• 1Y: 44.73%
• 3Y*: 24.37%
• 5Y*: 13.68%
• 10Y*: 12.01%

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

UIVM vs. FNDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UIVM VictoryShares International Value Momentum ETF	15.98%	45.47%	5.23%	16.79%	-13.31%	11.85%	0.76%	15.29%	-17.41%	2.56%
FNDF Schwab Fundamental International Large Company Index ETF	22.03%	40.99%	2.29%	20.22%	-7.78%	14.97%	3.61%	18.46%	-14.21%	3.52%

Correlation

The correlation between UIVM and FNDF is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017	0.95

The correlation between UIVM and FNDF has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

UIVM vs. FNDF - Sectors Allocation Comparison

Sectors	UIVM	FNDF
Financial Services	30.3%	16.7%
Industrials	21.4%	15.9%
Consumer Cyclical	8.3%	10.7%
Consumer Defensive	6.1%	6.9%
Healthcare	5.7%	5.5%
Technology	5.7%	11.1%
Basic Materials	5.6%	11.3%
Utilities	4.9%	3.8%
Real Estate	4.7%	0.9%
Energy	4.3%	12.3%
Communication Services	3.1%	4.9%

Return for Risk

UIVM vs. FNDF — Risk / Return Rank

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

UIVM

UIVM Risk / Return Rank: 70
UIVM Sharpe Ratio Rank: 73
UIVM Sortino Ratio Rank: 72
UIVM Omega Ratio Rank: 73
UIVM Calmar Ratio Rank: 65
UIVM Martin Ratio Rank: 65

FNDF

FNDF Risk / Return Rank: 85
FNDF Sharpe Ratio Rank: 88
FNDF Sortino Ratio Rank: 86
FNDF Omega Ratio Rank: 86
FNDF Calmar Ratio Rank: 82
FNDF Martin Ratio Rank: 82

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.

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 Large Company Index 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.

	UIVM	FNDF	Difference
Sharpe ratio Return per unit of total volatility	2.42	2.99	-0.57
Sortino ratio Return per unit of downside risk	3.32	3.89	-0.56
Omega ratio Gain probability vs. loss probability	1.44	1.53	-0.09
Calmar ratio Return relative to maximum drawdown	3.30	4.38	-1.09
Martin ratio Return relative to average drawdown	12.12	16.77	-4.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UIVM vs. FNDF - Sharpe Ratio Comparison

The current UIVM Sharpe Ratio is 2.42, which is comparable to the FNDF Sharpe Ratio of 2.99. 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.

Sharpe Ratios by Period

	UIVM	FNDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.99	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.85	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.54	-0.06

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	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.71%	-7.65%	-2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.77%	+0.23%

Volatility

UIVM vs. FNDF - Volatility Comparison

VictoryShares International Value Momentum ETF (UIVM) and Schwab Fundamental International Large Company Index ETF (FNDF) have volatilities of 5.30% and 5.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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	5.30%	5.34%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	12.51%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	15.07%	-0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	16.18%	-0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.21%	17.67%	-0.46%

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 3.19%, more than FNDF's 2.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNDF Schwab Fundamental International Large Company Index ETF	2.82%	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	3.19%	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 0.91, 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 (5.34%) compared to UIVM (5.30%). 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 13.68% vs 12.24% for UIVM. On fees, FNDF is cheaper at 0.25% per year. Their volatility is very similar. 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 13.68% return vs 12.24%. 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 3.19%, compared with 2.82% 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 Russell Fundamental Developed ex-U.S. Large Company Index. They also come from different issuers: Victory Capital 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 (2.99 vs 2.42), 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.