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 $9.19 billion in assets under management. Trading at a price of $40.50, the fund carries an expense ratio of 0.39% and offers a dividend yield of 3.78%. ETFValuer ranks this fund #111 out of 458 tracked ETFs across all categories, assigning it an overall grade of B with a score of 70.0 out of 100. Within its specific Emerging Markets category, which contains 10 ETFs tracked by the platform, FNDE holds a position that reflects its substantial asset base relative to the sector. The combination of a moderate expense ratio and a high dividend yield suggests a focus on income generation alongside capital appreciation. Its significant AUM indicates a level of investor adoption that places it among the larger options in the emerging markets space. The fund's B grade and #111 overall rank suggest it meets baseline criteria for quality while facing competition from higher-ranked peers.

Over the last day, the fund declined by 0.30% before recovering to a weekly gain of 0.95%. Monthly performance accelerated to a 2.07% return, which continued into the three-month period with a 1.67% gain. The six-month return showed further strength at 5.49%, contributing to a year-to-date increase of 10.51%. One-year returns reached 22.58%, while the three-year horizon demonstrated significant long-term growth with a 62.98% return. This trajectory indicates a pattern where short-term fluctuations have been overshadowed by sustained gains over longer holding periods. The divergence between the modest one-day drop and the robust three-year performance highlights the fund's ability to recover from brief market dips.

FNDE is classified with a Moderate volatility label and exhibits a beta of 0.80, indicating that its price movements have historically been less sensitive to market swings than the broader benchmark. The fund has achieved a Sharpe ratio of 1.10, suggesting that the returns generated have been efficient relative to the amount of risk taken. Despite this efficiency, the maximum drawdown reached -18.40%, reflecting the potential for significant temporary losses during market downturns. The combination of a beta below 1.0 and a moderate volatility rating implies the fund tends to move less aggressively than the general market in both directions. Investors should note that while the Sharpe ratio is positive, the -18.40% drawdown represents a notable period of decline that occurred within the tracked history. This profile suggests a balance between risk mitigation and exposure to emerging market equities.

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 — SPEM 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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 120.53 (as of 2026-07-17) — 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: Quoted bid/ask spread is 2.78% and average daily volume is 829K/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 $9.19B 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