FNDE — Schwab Fundamental Emerging Markets Equity ETF

FNDE Price Performance — Growth of $10,000

Value of a $10,000 investment in FNDE over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

FNDE Drawdown

The "underwater" chart: FNDE's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Schwab Fundamental Emerging Markets Equity ETF (FNDE) is an emerging markets fund issued by Schwab ETFs with $10.3 billion in assets under management. It holds a B grade (72.9/100) and ranks second among 10 similar funds, placing it at number 80 of 458 tracked ETFs overall. The fund’s 0.39% expense ratio exceeds the category median of 0.29%, while its 3.56% dividend yield significantly outpaces the 2.49% category average. Top ten holdings comprise 27.4% of assets, with Taiwan Semiconductor Manufacturing Co Ltd representing the largest single position at 6.5%.

Price action shows the fund trading at $41.70, which sits at 81.9% of its 52-week range between $34.99 and $43.18. Short-term returns have been mixed, with a 1.74% decline over one week contrasting with a 0.05% gain in the last day. Longer-term performance is stronger, recording a 19.51% return over one year and an 87.30% gain over three years. The one-year return of 19.51% surpasses the category median of 16.16%, indicating relative strength over that horizon. The ETFValuer grade has remained unchanged at B across the last 35 tracked days, and price history is available for 3.0 years.

The fund exhibits a beta of 0.75, suggesting it moves less than the broader market, and carries a moderate annualized volatility of 15.77%. A Sharpe ratio of 0.92 indicates that risk-adjusted returns have been favorable relative to the risk taken. Maximum drawdowns have reached -18.40%, reflecting the magnitude of peak-to-trough declines in the record. Liquidity is supported by an average daily volume of 1,658,179 shares, facilitating trading activity.

AI-generated summary based on the data on this page.

FNDE Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 27.4% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how FNDE's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With FNDE

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with FNDE's top 10 — VWO overlaps most, holding 6 of the same companies as FNDE's top 10 (18.2% of FNDE's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 121.40 (as of 2026-10-16) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

FNDE Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 1.7M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $10.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: FNDE is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

FNDE Performance History

How FNDE Compares to Other Emerging Markets ETFs