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 $40.39 per share, the fund holds an overall rank of #103 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 70.2. The fund carries an expense ratio of 0.39% and offers a dividend yield of 3.78%. With 10 other ETFs tracked in the Emerging Markets category, FNDE represents a significant portion of the sector's total assets. The substantial asset base and moderate dividend yield suggest established investor adoption relative to smaller peers in the same category.

Over the last day, the fund declined by 0.49%, following a 0.79% drop over the previous week. Monthly performance shows a rebound with a 2.83% gain, while the three-month return stands at 0.84%. The six-month return accelerated to 4.13%, and year-to-date performance reached 10.21%. The one-year return expanded significantly to 23.18%, and the three-year return shows a cumulative gain of 68.97%. This pattern indicates a divergence where short-term fluctuations have given way to stronger long-term growth trends.

FNDE carries a Moderate volatility label and a beta of 0.80, suggesting price movements that are generally less volatile than the broader market. The fund has generated a Sharpe ratio of 1.13, indicating a favorable risk-adjusted return profile relative to its volatility. However, the maximum drawdown of -18.40% highlights the potential for significant temporary losses during market downturns. This combination of a beta below 1.0 and a high Sharpe ratio implies the fund has historically provided steady returns with controlled downside risk compared to higher-beta alternatives. The moderate volatility classification aligns with the observed drawdown levels and beta coefficient.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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: 120.71 (as of 2026-07-24) — 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 1.61% and average daily volume is 826K/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