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VWO vs. FNDE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VWO vs. FNDE

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard FTSE Emerging Markets ETF (VWO) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE).

VWO and FNDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005. FNDE is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Emerging Markets Large Company Index. It was launched on Aug 15, 2013. Both VWO and FNDE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VWO vs. FNDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Emerging Markets ETF (VWO) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). The values are adjusted to include any dividend payments, if applicable.

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VWO vs. FNDE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VWO
Vanguard FTSE Emerging Markets ETF		0.84%25.60%10.59%9.25%-17.98%1.26%15.17%20.75%-14.76%31.49%
FNDE
Schwab Fundamental Emerging Markets Large Company Index ETF		5.77%29.46%12.10%14.99%-15.58%14.41%-2.77%19.75%-10.37%26.77%

Returns By Period

In the year-to-date period, VWO achieves a 0.84% return, which is significantly lower than FNDE's 5.77% return. Over the past 10 years, VWO has underperformed FNDE with an annualized return of 7.66%, while FNDE has yielded a comparatively higher 10.20% annualized return.

VWO

1D
0.30%
1M
-5.29%
YTD
0.84%
6M
1.39%
1Y
22.71%
3Y*
13.84%
5Y*
3.90%
10Y*
7.66%

FNDE

1D
-0.31%
1M
-4.39%
YTD
5.77%
6M
8.85%
1Y
28.73%
3Y*
18.86%
5Y*
9.45%
10Y*
10.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Vanguard FTSE Emerging Markets ETF

Schwab Fundamental Emerging Markets Large Company Index ETF

Often compared with VWO:
VWO vs. VEAVWO vs. IEMGVWO vs. VXUSVWO vs. EEMVWO vs. VTIVWO vs. VOOVWO vs. VEMAX
Often compared with FNDE:
FNDE vs. SCHEFNDE vs. AVEMFNDE vs. AVESFNDE vs. DEMFNDE vs. DFEVXFNDE vs. SCHFFNDE vs. VOO

VWO vs. FNDE - Expense Ratio Comparison

VWO has a 0.08% expense ratio, which is lower than FNDE's 0.39% expense ratio.

FNDE
Schwab Fundamental Emerging Markets Large Company Index ETF
VWO
Vanguard FTSE Emerging Markets ETF

Return for Risk

VWO vs. FNDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VWO
VWO Risk / Return Rank: 7070
Overall Rank
VWO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
VWO Sortino Ratio Rank: 7070
Sortino Ratio Rank
VWO Omega Ratio Rank: 6969
Omega Ratio Rank
VWO Calmar Ratio Rank: 7171
Calmar Ratio Rank
VWO Martin Ratio Rank: 6868
Martin Ratio Rank
FNDE
FNDE Risk / Return Rank: 8181
Overall Rank
FNDE Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
FNDE Sortino Ratio Rank: 8282
Sortino Ratio Rank
FNDE Omega Ratio Rank: 8383
Omega Ratio Rank
FNDE Calmar Ratio Rank: 7777
Calmar Ratio Rank
FNDE Martin Ratio Rank: 8282
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.

VWO vs. FNDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets ETF (VWO) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE). 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.

VWOFNDEDifference

Sharpe ratio

Return per unit of total volatility

1.28

1.62

-0.34

Sortino ratio

Return per unit of downside risk

1.80

2.19

-0.39

Omega ratio

Gain probability vs. loss probability

1.26

1.33

-0.07

Calmar ratio

Return relative to maximum drawdown

1.89

2.12

-0.23

Martin ratio

Return relative to average drawdown

7.18

9.45

-2.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWO vs. FNDE - Sharpe Ratio Comparison

The current VWO Sharpe Ratio is 1.28, which is comparable to the FNDE Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of VWO and FNDE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VWOFNDEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.28

1.62

-0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.23

0.56

-0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.53

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.34

-0.09

Correlation

The correlation between VWO and FNDE is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VWO vs. FNDE - Dividend Comparison

VWO's dividend yield for the trailing twelve months is around 2.68%, less than FNDE's 3.96% yield.

TTM20252024202320222021202020192018201720162015
VWO
Vanguard FTSE Emerging Markets ETF		2.68%2.79%3.20%3.52%4.11%2.63%1.91%3.23%2.88%2.30%2.52%3.26%
FNDE
Schwab Fundamental Emerging Markets Large Company Index ETF		3.96%4.19%4.82%4.74%5.59%4.32%2.50%3.47%2.98%2.05%1.65%2.02%

Drawdowns

VWO vs. FNDE - Drawdown Comparison

The maximum VWO drawdown since its inception was -67.68%, which is greater than FNDE's maximum drawdown of -43.55%. Use the drawdown chart below to compare losses from any high point for VWO and FNDE.

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Drawdown Indicators

VWOFNDEDifference

Max Drawdown

Largest peak-to-trough decline

-67.68%

-43.55%

-24.13%

Max Drawdown (1Y)

Largest decline over 1 year

-12.23%

-13.67%

+1.44%

Max Drawdown (5Y)

Largest decline over 5 years

-32.80%

-29.44%

-3.36%

Max Drawdown (10Y)

Largest decline over 10 years

-36.39%

-39.93%

+3.54%

Current Drawdown

Current decline from peak

-8.13%

-6.70%

-1.43%

Average Drawdown

Average peak-to-trough decline

-15.93%

-11.84%

-4.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.22%

3.09%

+0.13%

Volatility

VWO vs. FNDE - Volatility Comparison

Vanguard FTSE Emerging Markets ETF (VWO) has a higher volatility of 7.41% compared to Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) at 6.91%. This indicates that VWO's price experiences larger fluctuations and is considered to be riskier than FNDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VWOFNDEDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.41%

6.91%

+0.50%

Volatility (6M)

Calculated over the trailing 6-month period

12.26%

11.93%

+0.33%

Volatility (1Y)

Calculated over the trailing 1-year period

17.83%

17.79%

+0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.21%

16.87%

+0.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.18%

19.41%

-0.23%