FNDX vs SCHD
Schwab Fundamental US Large Company ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FNDX offers more diversification with 737 holdings.
Side-by-Side Comparison
| Metric | FNDX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.06% | |
| AUM | $27.6B | $108.7B | |
| Dividend Yield | 1.45% | 3.13% | |
| Holdings | 737 | 104 | |
| YTD Return | +19.59% | +29.07% | |
| 1Y Return | +29.30% | +31.45% | |
| 3Y Return (annualized) | +21.65% | +17.18% | |
| 5Y Return (annualized) | +13.92% | +10.30% | |
| Volatility (annualized) | 14.9% | 13.7% | |
| Max Drawdown | -37.7% | -33.4% | |
| Fund Family | Charles Schwab Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Aug 15, 2013 | Oct 20, 2011 |
FNDX vs SCHD Performance
Schwab Fundamental US Large Company ETF (FNDX) is a ETF from Charles Schwab Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FNDX returned +29.30% while SCHD returned +31.45%. Year to date, FNDX is up 19.59% versus a gain of 29.07% for SCHD.
Over three years, FNDX compounded at +21.65% per year against +17.18% for SCHD; over five years the annualized figures are +13.92% and +10.30% respectively. Across the full 13-year window we track, FNDX has the edge at +12.04% annualized vs +11.64%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNDX has been the more volatile fund, with annualized monthly volatility of 14.9% compared with 13.7% 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 worth weighing if you expect to sell during market stress rather than ride it out.
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 1.45% against 3.13% for SCHD.
Holdings Overlap
FNDX and SCHD share 61 holdings out of 774 unique holdings combined, representing a 15.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $19 per year of difference.
Which performed better, FNDX or SCHD?
Over the past year FNDX returned +29.30% vs +31.45% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), FNDX annualized +12.04% vs +11.64% for SCHD. Past performance does not guarantee future results.
Which is riskier, FNDX or SCHD?
FNDX has been the more volatile fund at 14.9% annualized versus 13.7% 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. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FNDX and SCHD?
FNDX and SCHD share 61 common holdings with a 15.6% weight overlap. Combined, they hold 774 unique securities.
Which pays a higher dividend, FNDX or SCHD?
FNDX yields 1.45% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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