Schwab Fundamental U.S. Large Company ETF (FNDX) Performance
FNDX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +21.2% since Dec 31, 2025
- 1 year
- +24.7% total return
- 5 years
- +13.5% a year
- 10 years
- +14.7% a year
- Since first price
- +13.3% a year since 2013
FNDX trailing returns vs SPY, QQQ, AGG
| Period | FNDX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.2% | +2.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.4% | +4.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.4% | +10.5% | +7.8% | +8.4% | −1.5% |
| YTD | +21.2% | +19.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +24.7% | +22.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +88.9%+23.6%/yr | +79.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +88.3%+13.5%/yr | +71.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +292.7%+14.7%/yr | +220.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionAug 15, 2013 | +416.5%+13.3%/yr | +297.6% | — | — | — |
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: FNDX vs SPY
From Aug 15, 2013: FNDX grew to $51,649, SPY to $57,102.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FNDX returns by calendar year
9 of 12 full years positive. Best 2021 (+31.7%), worst 2018 (−7.3%). 2026 is year to date.
FNDX annual returns table
| Year | FNDX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +21.2% | −6.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +16.9% | −16.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.8% | −6.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +18.2% | −10.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −6.9% | −19.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +31.7% | −5.4% | +28.7% | +27.4% | −1.8% |
| 2020 | +9.1% | −37.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +28.6% | −7.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −7.3% | −19.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +17.1% | −3.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +16.4% | −8.2% | +12.0% | +7.1% | +2.4% |
| 2015 | −3.0% | −13.8% | +1.2% | +9.4% | +0.5% |
| 2014 | +12.4% | −7.8% | +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.
FNDX largest drawdowns
Now 0.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2020 | −37.7% | Mar 23, 2020 | Nov 13, 2020 | 40 days | 9 months |
| Sep 21, 2018 | −19.6% | Dec 24, 2018 | Jul 3, 2019 | 3 months | 9 months |
| Jan 12, 2022 | −19.1% | Sep 30, 2022 | Jul 12, 2023 | 9 months | 1.5 years |
| Feb 19, 2025 | −16.3% | Apr 8, 2025 | Jul 1, 2025 | 48 days | 4 months |
| May 21, 2015 | −14.2% | Feb 11, 2016 | Apr 27, 2016 | 9 months | 11 months |
| Jan 26, 2018 | −10.8% | Mar 23, 2018 | Aug 27, 2018 | 56 days | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FNDX risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +21.1% | +13.9% | +14.1% | +13.2% |
| Volatility (annualized) | 11.7% | 15.0% | 15.9% | 14.8% |
| Sharpe ratio | 1.34 | 0.71 | 0.77 | 0.80 |
| Sortino ratio | 2.45 | 1.15 | 1.19 | 1.26 |
| Best month | +8.1% | +11.7% | +14.6% | +14.6% |
| Worst month | −5.3% | −9.5% | −16.4% | −16.4% |
| Best 12 months | +34.1% | +34.1% | +69.0% | +69.0% |
| Worst 12 months | +7.0% | −9.7% | −15.3% | −15.3% |
| Positive months | 75% | 65% | 69% | 69% |
| Beta vs S&P 500 | 0.82 | 0.88 | 0.97 | — |
| Correlation with S&P 500 | 0.87 | 0.92 | 0.94 | — |
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.
FNDX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 147 | −15.3% | +12.3% | +69.0% | 84% |
| 3-year (a year) | 123 | −0.1% | +11.7% | +23.6% | 99% |
| 5-year (a year) | 99 | +3.1% | +12.9% | +20.1% | 100% |
| 10-year (a year) | 39 | +10.0% | +11.8% | +14.7% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
FNDX performance overview
Schwab Fundamental U.S. Large Company ETF (FNDX) returned +24.7% over the past year and +14.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +13.3% a year, turning $10,000 into about $51,649. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −37.7%, from Feb 12, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. FNDX finished 9 of its 12 full calendar years with a gain; the best year was 2021 (+31.7%) and the worst 2018 (−7.3%). Volatility has been 14.8% a year.
Related: FNDX chart, FNDX holdings, FNDX dividends, FNDX valuation. See the FNDX overview for the latest quote and fund facts.
FNDX performance FAQ
What is the FNDX return over the past year?
FNDX returned +24.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 22.7%.
What is the average annual return of FNDX?
FNDX has returned +13.5% a year over 5 years, +14.7% a year over 10 years, +13.3% a year since August 15, 2013 (total return, distributions reinvested).
How much would $10,000 invested in FNDX be worth?
$10,000 invested in FNDX at its first recorded close on August 15, 2013 would be worth about $51,649 on October 23, 2026 with distributions reinvested.
What was the worst year for FNDX?
The worst calendar year was 2018, with a total return of −7.3%. The best was 2021 at +31.7%.
What is the biggest drawdown of FNDX?
The largest peak-to-trough decline was −37.7% between February 12, 2020 and March 23, 2020. It recovered to the old high on November 13, 2020, 8 months after the bottom.
How volatile is FNDX?
Over the past 3 years FNDX had an annualized volatility of 11.7% and a Sharpe ratio of 1.34 (excess return over 1–3 month T-bills per unit of risk).