FNDE — Schwab Fundamental Emerging Markets Equity ETF
Emerging Markets Ranked #54 of 458 tracked ETFs · Issued by Schwab ETFs
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.
What If You'd Invested in FNDE?
See what a lump sum in FNDE would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The Schwab Fundamental Emerging Markets Equity ETF is an emerging markets fund issued by Schwab ETFs with $10.3 billion in assets under management. It holds a B grade (75.0/100) and ranks 4 of 10 within its category, placing it 54th among 458 tracked ETFs overall. The fund’s 0.39% expense ratio exceeds the category median of 0.29%, while its 3.52% dividend yield significantly outpaces the 1.91% median. Top ten holdings comprise 27.4% of assets, with Taiwan Semiconductor Manufacturing Co Ltd representing the largest single position at 6.5%.
The fund has delivered a 1-year return of +29.06%, trailing the category median of +31.60%, though it shows stronger momentum over the past three months at +7.29%. Year-to-date performance stands at +17.19%, and the 3-year return is +83.79%. The current price of $42.95 sits at 97.3% of its 52-week range, indicating it is near the top of its recent trading band. The ETFValuer grade of B has remained unchanged across the last 35 tracked days, and price history is available for 3.0 years.
With a beta of 0.75, the fund exhibits lower sensitivity to market movements compared to the broader market. Annualized volatility is 15.98%, labeled as Moderate, while the maximum drawdown has reached -18.40%. A Sharpe ratio of 1.51 suggests favorable risk-adjusted returns relative to the risk taken. Liquidity is supported by an average daily volume of 1,016,717 shares and a tight bid/ask spread of 0.02%.
AI-generated summary based on the data on this page.
FNDE Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing Co Ltd | 6.48% | $623M |
| 2 | Hon Hai Precision Industry Co Ltd | 3.31% | $318M |
| 3 | Vale SA | 3.03% | $291M |
| 4 | Alibaba Group Holding Ltd | 2.72% | $261M |
| 5 | Petroleo Brasileiro SA - Petrobras | 2.48% | $238M |
| 6 | China Construction Bank Corp | 2.38% | $229M |
| 7 | Petroleo Brasileiro SA - Petrobras | 2.34% | $225M |
| 8 | MediaTek Inc | 1.80% | $173M |
| 9 | Tencent Holdings Ltd | 1.51% | $145M |
| 10 | JD.com Inc | 1.38% | $133M |
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 — SPEM overlaps most, holding 6 of the same companies as FNDE's top 10 (18.2% of FNDE's assets).
| ETF | Name | Shared Companies | FNDE Weight | Examples |
|---|---|---|---|---|
| SPEM | State Street SPDR Portfolio Emerging Markets ETF | 6 | 18.2% | Taiwan Semiconductor Manufacturing Co Ltd, Alibaba Group Holding Ltd, Tencent Holdings Ltd… |
| SCHE | Schwab Emerging Markets Equity ETF | 6 | 18.2% | Taiwan Semiconductor Manufacturing Co Ltd, Alibaba Group Holding Ltd, Tencent Holdings Ltd… |
| IEMG | iShares Core MSCI Emerging Markets ETF | 5 | 15.8% | Taiwan Semiconductor Manufacturing Co Ltd, Alibaba Group Holding Ltd, Hon Hai Precision Industry Co Ltd… |
| EEM | iShares MSCI Emerging Markets ETF | 5 | 15.8% | Taiwan Semiconductor Manufacturing Co Ltd, Alibaba Group Holding Ltd, Tencent Holdings Ltd… |
| VWO | Vanguard FTSE Emerging Markets Index Fund ETF Shares | 5 | 14.9% | Taiwan Semiconductor Manufacturing Co Ltd, Alibaba Group Holding Ltd, Tencent Holdings Ltd… |
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: 4.78% (as of 2026-09-04) — 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): 15.30 (as of 2026-09-07) — 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: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
Trade-Weighted US Dollar Index: 118.07 (as of 2026-09-04) — 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.
What FNDE's Fees Cost You
FNDE charges an expense ratio of 0.39% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
FNDE Dividend Income Estimator
FNDE currently yields 3.52%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
FNDE Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.02% and average daily volume is 1.0M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. 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
| Period | Return |
|---|---|
| 1-Day | -0.30% |
| 1-Week | +1.97% |
| 1-Month | +3.07% |
| 3-Month | +7.29% |
| 6-Month | +12.34% |
| YTD | +17.19% |
| 1-Year | +29.06% |
| 3-Year | +83.79% |
How FNDE Compares to Other Emerging Markets ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #17 | B+ |
IEMG | iShares Core MSCI Emerging Markets ETF | +36.73% | 0.09% | $161B |
| #20 | B+ |
EMXC | iShares MSCI Emerging Markets ex China ETF | +62.12% | 0.25% | $24.9B |
| #43 | B |
AVEM | Avantis Emerging Markets Equity ETF | +36.38% | 0.33% | $28.1B |
| #54 | B |
FNDE | Schwab Fundamental Emerging Markets Equity ETF | +29.06% | 0.39% | $10.3B |
| #69 | B |
EEM | iShares MSCI Emerging Markets ETF | +39.10% | 0.72% | $31.2B |
| #81 | B |
DFEM | Dimensional Emerging Markets Core Equity 2 ETF | +34.14% | 0.39% | $9.62B |
| #102 | B |
VWO | Vanguard FTSE Emerging Markets Index Fund ETF Shares | +20.90% | 0.06% | $168B |
| #117 | B |
SPEM | State Street SPDR Portfolio Emerging Markets ETF | +22.12% | 0.07% | $17.8B |
| #139 | B |
SCHE | Schwab Emerging Markets Equity ETF | +21.35% | 0.06% | $13.0B |
| #346 | C |
DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | +18.43% | 0.58% | $1.76B |