FNDE vs SPY
FNDE vs SPY
Schwab Fundamental Emerging Markets Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. FNDE delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FNDE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $9.6B | $789.1B | |
| Dividend Yield | 3.78% | 1.01% | |
| Holdings | 398 | 505 | |
| YTD Return | +13.26% | +13.28% | |
| 1Y Return | +28.51% | +23.94% | |
| 3Y Return (annualized) | +20.16% | +21.07% | |
| 5Y Return (annualized) | +10.56% | +13.27% | |
| Volatility (annualized) | 17.6% | 15.3% | |
| Max Drawdown | -45.4% | -56.5% | |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Aug 15, 2013 | Jan 22, 1993 |
FNDE vs SPY Performance
Schwab Fundamental Emerging Markets Equity ETF (FNDE) is a ETF from Charles Schwab Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FNDE returned +28.51% while SPY returned +23.94%. Year to date, FNDE is up 13.26% versus a gain of 13.28% for SPY.
Over three years, FNDE compounded at +20.16% per year against +21.07% for SPY; over five years the annualized figures are +10.56% and +13.27% respectively. Across the full 13-year window we track, SPY has the edge at +8.84% annualized vs +5.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNDE has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 15.3% for SPY. 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 -45.4% for FNDE and -56.5% for SPY. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FNDE charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, FNDE currently yields 3.78% against 1.01% for SPY.
Holdings Overlap
FNDE and SPY share 0 holdings out of 869 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FNDE or SPY?
FNDE has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, FNDE or SPY?
Over the past year FNDE returned +28.51% vs +23.94% for SPY, so FNDE leads on 1-year performance. Over the longest common window we track (13 years), FNDE annualized +5.88% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, FNDE or SPY?
FNDE has been the more volatile fund at 17.6% annualized versus 15.3% for SPY. Worst drawdown: FNDE -45.4% vs SPY -56.5%.
Should I hold both FNDE and SPY?
FNDE and SPY have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNDE and SPY?
FNDE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 869 unique securities.
Which pays a higher dividend, FNDE or SPY?
FNDE yields 3.78% while SPY yields 1.01%, so FNDE currently pays the higher dividend yield.
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