FNDX vs SCHD
Schwab Fundamental US Large Company ETF vs Schwab US Dividend Equity ETF
Which is better, FNDX or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. FNDX led over 3Y, 5Y and the full window, SCHD over 1Y. The two have moved almost in lockstep, correlation 0.94. FNDX is less concentrated, with 21.0% of the fund in its ten largest positions against 41.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FNDX | SCHD |
|---|---|---|
| Expense Ratio | 0.25% | 0.06%Best |
| AUM | $27.6B | $112.1B |
| Dividend Yield | 1.42% | 3.00% |
| Holdings | 736 | 103 |
| YTD Return | +18.97% | +25.88%Best |
| 1Y Return | +26.11% | +30.22%Best |
| 3Y Return (annualized) | +20.84%Best | +16.05% |
| 5Y Return (annualized) | +14.25%Best | +10.17% |
| Volatility (annualized) | 14.8% | 14.2%Best |
| Max Drawdown | -37.7% | -33.4%Best |
| $10,000 over 5 years | $19,466Best | $16,230 |
| Top 10 Weight | 21.0%Best | 41.8% |
| Fund Family | Charles Schwab Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 15, 2013 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Aug 15, 2013 to Sep 14, 2026 (13.1 years).
FNDX vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 13.1 years both funds cover.
FNDX vs SCHD Performance
Schwab Fundamental US Large Company ETF (FNDX) is an ETF from Charles Schwab Asset Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FNDX returned +26.11% while SCHD returned +30.22%. Year to date, FNDX is up 18.97% versus a gain of 25.88% for SCHD.
Over three years, FNDX compounded at +20.84% per year against +16.05% for SCHD; over five years the annualized figures are +14.25% and +10.17% respectively. Across the full 13-year window we track, FNDX has the edge at +11.94% annualized vs +10.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNDX has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 14.2% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.7% for FNDX and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FNDX charges 0.25% per year while SCHD charges 0.06%. On a $10,000 position that is $25 vs $6 annually, a gap of $19 per year that compounds over a long holding period. On income, FNDX currently yields 1.42% against 3.00% for SCHD.
Holdings Overlap
15.7% of FNDX's money is in holdings SCHD also owns. 94.8% of SCHD's money is in holdings FNDX also owns.
Most of SCHD is already inside FNDX. Owning both mostly buys the same companies twice.
60 positions in common, counted across the 732 positions we hold weights for in FNDX and 100 in SCHD, against full books of 736 and 103.
What only one of them owns
Our book lists 39 positions for SCHD that do not appear in our book for FNDX (5.1% of the fund), and 656 for FNDX that do not appear in SCHD (83.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FNDX | Weight in SCHD | Difference |
|---|---|---|---|
| CVXChevron Corp | 1.61% | 4.02% | 2.41% |
| MRKMerck & Company Inc | 0.79% | 4.77% | 3.98% |
| UNHUnitedhealth Group Incorporated | 1.45% | 3.82% | 2.37% |
| AMGNAmgen Inc. | 0.43% | 4.70% | 4.27% |
| ABTAbbott Laboratories | 0.35% | 4.69% | 4.34% |
| VZVerizon Communic | 1.01% | 3.97% | 2.96% |
| COPConocophillips Common Stock USD 0.01 | 0.75% | 3.94% | 3.19% |
| KOCoca Cola Co. | 0.38% | 4.17% | 3.79% |
| PGProcter & Gamble Company | 0.70% | 3.83% | 3.13% |
| HDHome Depot Inc/The | 0.58% | 3.88% | 3.30% |
94.8% of SCHD is already inside FNDX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FNDX or SCHD?
FNDX has an expense ratio of 0.25% while SCHD charges 0.06%. SCHD is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, FNDX or SCHD?
Over the past year FNDX returned +26.11% vs +30.22% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), FNDX annualized +11.94% vs +10.59% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FNDX or SCHD?
FNDX has been the more volatile fund at 14.8% annualized versus 14.2% for SCHD. Worst drawdown: FNDX -37.7% vs SCHD -33.4%.
Should I hold both FNDX and SCHD?
FNDX and SCHD have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FNDX and SCHD?
94.8% of SCHD's money is in holdings FNDX also owns. 94.8% of SCHD's is in holdings FNDX also owns. They hold 60 positions in common, counted across the 732 positions we hold weights for in FNDX and 100 in SCHD.
Which pays a higher dividend, FNDX or SCHD?
FNDX yields 1.42% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FNDX?
SCHD has a lower expense ratio. FNDX led over 3Y, 5Y and the full window, SCHD over 1Y. The two have moved almost in lockstep, correlation 0.94. FNDX is less concentrated, with 21.0% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.