Schwab Fundamental Emerging Markets Large… (FNDE) Performance
FNDE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +16.2% since Dec 31, 2025
- 1 year
- +18.2% total return
- 5 years
- +9.8% a year
- 10 years
- +9.4% a year
- Since first price
- +7.2% a year since 2013
FNDE trailing returns vs SPY, QQQ, AGG
| Period | FNDE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.4% | −1.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.7% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.7% | +4.2% | +7.8% | +8.4% | −1.5% |
| YTD | +16.2% | +15.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +18.2% | +13.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +87.8%+23.4%/yr | +64.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +59.4%+9.8%/yr | +26.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +146.0%+9.4%/yr | +70.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionAug 15, 2013 | +149.4%+7.2%/yr | +66.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FNDE vs SPY
From Aug 15, 2013: FNDE grew to $24,940, SPY to $57,102.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FNDE returns by calendar year
7 of 12 full years positive. Best 2016 (+32.6%), worst 2015 (−20.2%). 2026 is year to date.
FNDE annual returns table
| Year | FNDE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +16.2% | −10.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +29.5% | −16.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.1% | −11.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.0% | −10.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −15.6% | −29.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +14.4% | −8.5% | +28.7% | +27.4% | −1.8% |
| 2020 | −2.8% | −38.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +19.8% | −10.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −10.3% | −21.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +26.8% | −5.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +32.6% | −10.9% | +12.0% | +7.1% | +2.4% |
| 2015 | −20.2% | −31.4% | +1.2% | +9.4% | +0.5% |
| 2014 | −11.6% | −23.5% | +13.5% | +19.2% | +6.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FNDE largest drawdowns
Now 3.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 3, 2014 | −43.6% | Jan 20, 2016 | Jul 14, 2017 | 1.4 years | 2.9 years |
| Jan 26, 2018 | −39.9% | Mar 18, 2020 | Jan 14, 2021 | 2.1 years | 3.0 years |
| Feb 16, 2022 | −29.4% | Oct 31, 2022 | May 15, 2024 | 8 months | 2.2 years |
| Oct 7, 2024 | −18.4% | Apr 8, 2025 | Jun 11, 2025 | 6 months | 8 months |
| Oct 22, 2013 | −14.5% | Feb 3, 2014 | Jul 2, 2014 | 3 months | 8 months |
| Feb 25, 2026 | −10.2% | Mar 20, 2026 | May 5, 2026 | 23 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FNDE risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +22.1% | +10.4% | +9.8% | +7.5% |
| Volatility (annualized) | 11.1% | 15.0% | 16.5% | 17.5% |
| Sharpe ratio | 1.48 | 0.50 | 0.52 | 0.40 |
| Sortino ratio | 2.95 | 0.80 | 0.78 | 0.61 |
| Best month | +7.7% | +13.7% | +14.3% | +16.4% |
| Worst month | −5.1% | −9.3% | −19.8% | −19.8% |
| Best 12 months | +41.0% | +41.0% | +53.5% | +53.5% |
| Worst 12 months | +11.4% | −24.9% | −24.9% | −29.4% |
| Positive months | 75% | 63% | 61% | 59% |
| Beta vs S&P 500 | 0.48 | 0.56 | 0.71 | — |
| Correlation with S&P 500 | 0.54 | 0.59 | 0.66 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FNDE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 147 | −29.4% | +9.5% | +53.5% | 61% |
| 3-year (a year) | 123 | −5.3% | +6.8% | +23.4% | 86% |
| 5-year (a year) | 99 | −1.4% | +5.3% | +14.4% | 94% |
| 10-year (a year) | 39 | +1.9% | +6.1% | +12.5% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
FNDE performance overview
Schwab Fundamental Emerging Markets Large… (FNDE) returned +18.2% over the past year and +9.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +7.2% a year, turning $10,000 into about $24,940. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −43.6%, from Sep 3, 2014 to Jan 20, 2016, and it took 1.5 years to get back to the old high. FNDE finished 7 of its 12 full calendar years with a gain; the best year was 2016 (+32.6%) and the worst 2015 (−20.2%). Volatility has been 17.5% a year.
Related: FNDE chart, FNDE holdings, FNDE dividends. See the FNDE overview for the latest quote and fund facts.
FNDE performance FAQ
What is the FNDE return over the past year?
FNDE returned +18.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.5%.
What is the average annual return of FNDE?
FNDE has returned +9.8% a year over 5 years, +9.4% a year over 10 years, +7.2% a year since August 15, 2013 (total return, distributions reinvested).
How much would $10,000 invested in FNDE be worth?
$10,000 invested in FNDE at its first recorded close on August 15, 2013 would be worth about $24,940 on October 23, 2026 with distributions reinvested.
What was the worst year for FNDE?
The worst calendar year was 2015, with a total return of −20.2%. The best was 2016 at +32.6%.
What is the biggest drawdown of FNDE?
The largest peak-to-trough decline was −43.6% between September 3, 2014 and January 20, 2016. It recovered to the old high on July 14, 2017, 1.5 years after the bottom.
How volatile is FNDE?
Over the past 3 years FNDE had an annualized volatility of 11.1% and a Sharpe ratio of 1.48 (excess return over 1–3 month T-bills per unit of risk).