Schwab Fundamental International Small Equity ETF (FNDC)
Market Price (9/8/2026): $51.57
Schwab Fundamental International Small Equity ETF (FNDC)
Market Price (9/8/2026): $51.57
Key Takeaways
- FNDC has returned +16.0% YTD vs +13.3% for SPY; +21.0% over the past 12 months (SPY +20.0%). details →
- Priced in gold, FNDC has returned -25.1% over the past 3 years, vs +72.5% in dollars — its dollar gains have lagged gold. details →
- FNDC has seen negligible net fund flows over the past month (+0.0% of assets). details →
- FNDC is trading at an all-time high. details →
- FNDC's +16.0% YTD is ahead of its typical pace — it averaged +7.6% at this point (September 7) over the past 5 years. details →
Asset Allocation with FNDC
Valuation & Yield
| Forward [4,5] | Now | Historical (CYE & TTM) | |||||
|---|---|---|---|---|---|---|---|
| 9/30/27 | 9/8/26 | 2025 | 2024 | 2023 | 2022 | 2021 | |
| Share Price CYE | $51.66 | $44.55 | $32.84 | $32.40 | $28.19 | $33.05 | |
| Dividend/Share TTM | $1.52 | $1.72 | $1.23 | $1.00 | $0.62 | $0.97 | |
Valuation [1] | |||||||
| P/S | 1.41 | 1.46 | 1.03 | 1.09 | 1.14 | 1.06 | 1.17 |
| P/E | 15.34 | 20.18 | 25.27 | 17.78 | 13.02 | 16.53 | |
| P/E (Non-GAAP) [2] | 17.32 | 21.95 | 15.60 | 20.35 | 20.30 | 21.24 | |
| P/FCF | 23.92 | 17.36 | 14.96 | 15.77 | 18.56 | 26.77 | |
Yields TTM | |||||||
| Earnings Yield | 5.77% | 6.52% | 4.96% | 3.96% | 5.63% | 7.68% | 6.05% |
| Dividend Yield | 2.95% | 2.95% | 3.86% | 3.73% | 3.08% | 2.19% | 2.92% |
| Total Yield (TY) | 8.72% | 9.47% | 8.81% | 7.69% | 8.70% | 9.87% | 8.97% |
Risk Premium [3] | |||||||
| Risk Free Rate (Rf) | 4.77% | 4.77% | 4.18% | 4.58% | 3.88% | 3.88% | 1.52% |
| Risk Prem. (TY - Rf) | 3.95% | 4.70% | 4.63% | 3.11% | 4.82% | 5.99% | 7.45% |
Growth Rates [6] | |||||||
| Sales Growth | 12.4% | 0.8% | 8.8% | -11.9% | 0.5% | 14.2% | |
| Earnings Growth [7] | -266.8% | -37.5% | 5.6% | ||||
[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
Show more
Top 20 Holdings for FNDC
Total Weights Top 5: 1.0% | Top 10: 1.0% | Top 20: 1.0%
| Ticker | Holding | ETF Weight | Sales Weight | Earnings Weight | Fwd P/S | Fwd P/E | Fwd Sales Growth | Fwd Earnings Growth |
|---|---|---|---|---|---|---|---|---|
| Total | 2.05% | 100.00% | 100.00% | 1.0 | 17.1 | +12.4% | +21.3% | |
| Top 20 | 0.00% | 0.00% | 0.00% | — | — | — | — | |
| null | N/A | 0.19% | — | — | — | — | — | — |
| TSEM | Tower Semiconductor | 0.23% | — | — | — | — | — | — |
| EDEN | iShares MSCI Denmark ETF | 0.21% | — | — | — | — | — | — |
| BKT | BlackRockome Trust | 0.19% | — | — | — | — | — | — |
| CSTM | Constellium | 0.19% | — | — | — | — | — | — |
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 9/30/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 9/30/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.
Performance for FNDC Top Holdings
| Ticker | Holding | Weight | Mkt Price9/7 | 1D Rtn | 1M Rtn | YTD Rtn | 1Y Rtn | 3Y Rtn | 5Y Rtn | 10Y Rtn |
|---|---|---|---|---|---|---|---|---|---|---|
| FNDC | Schwab Fundamental International Small Equity ETF | 100.00% | 51.66 | 0.0% | 1.3% | 16.0% | 21.0% | 72.5% | 48.2% | 133.3% |
| null | N/A | 0.19% | ||||||||
| TSEM | Tower Semiconductor | 0.23% | 222.34 | 0.0% | -11.9% | 89.4% | 251.7% | 688.4% | 676.0% | 1,364.7% |
| EDEN | iShares MSCI Denmark ETF | 0.21% | 118.88 | 0.0% | 3.9% | 3.8% | 10.0% | 19.9% | 10.9% | 140.9% |
| BKT | BlackRockome Trust | 0.19% | 10.42 | 0.0% | -0.1% | 0.8% | -0.3% | 19.0% | -13.9% | 14.5% |
| CSTM | Constellium | 0.19% | 27.14 | 0.0% | -7.8% | 44.0% | 86.0% | 55.1% | 33.0% | 267.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FNDC Return | 10% | -15% | 15% | 1% | 36% | 16% | 72% |
| Peers Return | 12% | -21% | 15% | 2% | 33% | 13% | 55% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| FNDC Win Rate | 67% | 33% | 58% | 58% | 83% | 78% | |
| Peers Win Rate | 67% | 39% | 58% | 58% | 83% | 74% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| FNDC Max Drawdown | -10% | -29% | -13% | -9% | -12% | -11% | |
| Peers Max Drawdown | -9% | -33% | -15% | -9% | -13% | -12% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SCZ, VSS, SCHC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/4/2026 (YTD)
Sharpe Ratios Compared
One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.
Results as of 8312026.How Low Can It Go
| Event | FNDC | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.2% | -9.5% |
| % Gain to Breakeven | 13.9% | 10.5% |
| Time to Breakeven | 48 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.0% | -24.5% |
| % Gain to Breakeven | 38.9% | 32.4% |
| Time to Breakeven | 578 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.4% | -33.7% |
| % Gain to Breakeven | 54.9% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.0% | -19.2% |
| % Gain to Breakeven | 23.4% | 23.8% |
| Time to Breakeven | 353 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.1% | -12.2% |
| % Gain to Breakeven | 17.8% | 13.9% |
| Time to Breakeven | 68 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -15.4% | -6.8% |
| % Gain to Breakeven | 18.3% | 7.3% |
| Time to Breakeven | 68 days | 15 days |
In The Past
Schwab Fundamental International Small Equity ETF's stock fell -8.8% during the 2025 US Tariff Shock. Such a loss loss requires a 9.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | FNDC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.0% | -24.5% |
| % Gain to Breakeven | 38.9% | 32.4% |
| Time to Breakeven | 578 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.4% | -33.7% |
| % Gain to Breakeven | 54.9% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
In The Past
Schwab Fundamental International Small Equity ETF's stock fell -8.8% during the 2025 US Tariff Shock. Such a loss loss requires a 9.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Current Dip Buy Opportunities Across ETFs
ETFs currently down 5% or more from trailing 6M peaks.
| Ticker | Name | Dip % | Mkt Price | Price Date | Peak Price | Peak Date | # Days |
|---|---|---|---|---|---|---|---|
| IWP | iShares Russell Mid-Cap Growth ETF | -5.4% | 139.69 | 9072026 | 147.70 | 8172026 | 21 |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | -8.3% | 34.20 | 9072026 | 37.30 | 6222026 | 77 |
| EWY | iShares MSCI South Korea ETF | -13.8% | 188.87 | 9072026 | 219.20 | 6212026 | 78 |
| EWZ | iShares MSCI Brazil ETF | -9.3% | 37.86 | 9072026 | 41.73 | 4142026 | 146 |
| FXI | iShares China Large-Cap ETF | -6.2% | 35.88 | 9072026 | 38.26 | 5132026 | 117 |
| ILF | iShares Latin America 40 ETF | -5.3% | 36.07 | 9072026 | 38.10 | 4142026 | 146 |
| KWEB | KraneShares CSI China Internet ETF | -15.9% | 26.05 | 9072026 | 30.99 | 3102026 | 181 |
| MTUM | iShares MSCI USA Momentum Factor ETF | -11.7% | 304.86 | 9072026 | 345.22 | 6222026 | 77 |
| SPHQ | Invesco S&P 500 Quality ETF | -5.3% | 85.32 | 9072026 | 90.10 | 6302026 | 69 |
| SPMO | Invesco S&P 500 Momentum ETF | -7.4% | 149.72 | 9072026 | 161.66 | 6222026 | 77 |
| URA | Global X Uranium ETF | -20.9% | 46.06 | 9072026 | 58.26 | 5062026 | 124 |
| BOTZ | Global X Funds Global X Robotics & Artificial Intelligence ETF | -13.6% | 35.95 | 9072026 | 41.63 | 5132026 | 117 |
| ROBO | ROBO Global Robotics & Automation Index ETF | -10.8% | 80.57 | 9072026 | 90.34 | 6022026 | 97 |
| LIT | Global X Lithium & Battery Tech ETF | -19.0% | 74.18 | 9072026 | 91.62 | 5112026 | 119 |
| ICLN | iShares Global Clean Energy ETF | -25.2% | 17.77 | 9072026 | 23.75 | 6022026 | 97 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | -15.0% | 122.25 | 9072026 | 143.82 | 5282026 | 102 |
| ARKX | ARK Space & Defense Innovation ETF | -14.6% | 32.22 | 9072026 | 37.74 | 5282026 | 102 |
| NASA | Tema Space Innovators ETF | -43.9% | 23.52 | 9072026 | 41.89 | 5272026 | 103 |
| AGIX | KraneShares Artificial Intelligence ETF | -7.0% | 45.93 | 9072026 | 49.40 | 6012026 | 98 |
| XLK | State Street Technology Select Sector SPDR ETF | -5.5% | 187.28 | 9072026 | 198.21 | 6022026 | 97 |
| XLI | State Street Industrial Select Sector SPDR ETF | -6.0% | 175.27 | 9072026 | 186.51 | 8162026 | 22 |
| XLC | State Street Communication Services Select Sector SPDR ETF | -5.9% | 112.03 | 9072026 | 119.10 | 4192026 | 141 |
| XLY | State Street Consumer Discretionary Select Sector SPDR ETF | -5.9% | 114.91 | 9072026 | 122.06 | 5282026 | 102 |
| XLU | State Street Utilities Select Sector SPDR ETF | -8.6% | 43.08 | 9072026 | 47.15 | 4092026 | 151 |
| IYJ | iShares U.S. Industrials ETF | -5.2% | 161.10 | 9072026 | 169.86 | 8042026 | 34 |
| SMH | VanEck Semiconductor ETF | -15.2% | 567.01 | 9072026 | 668.91 | 6222026 | 77 |
| SOXX | iShares Semiconductor ETF | -20.6% | 519.86 | 9072026 | 655.01 | 6222026 | 77 |
| ITA | iShares U.S. Aerospace & Defense ETF | -10.9% | 225.61 | 9072026 | 253.22 | 8162026 | 22 |
| IGV | iShares Expanded Tech-Software Sector ETF | -5.2% | 104.57 | 9072026 | 110.32 | 8272026 | 11 |
| IYT | iShares U.S. Transportation ETF | -6.5% | 84.17 | 9072026 | 90.01 | 7162026 | 53 |
| MISL | First Trust Indxx Aerospace & Defense ETF | -12.0% | 43.53 | 9072026 | 49.46 | 3092026 | 182 |
| RING | iShares MSCI Global Gold Miners ETF | -6.2% | 87.40 | 9072026 | 93.17 | 8252026 | 13 |
| SOXQ | Invesco PHLX Semiconductor ETF | -19.7% | 92.40 | 9072026 | 115.11 | 6222026 | 77 |
| TLT | iShares 20+ Year Treasury Bond ETF | -6.1% | 82.21 | 9072026 | 87.52 | 3092026 | 182 |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -5.3% | 25.12 | 9072026 | 26.52 | 3092026 | 182 |
| EDV | Vanguard World Funds Extended Duration ETF | -8.9% | 60.29 | 9072026 | 66.20 | 3092026 | 182 |
| GSG | iShares GSCI Commodity | -5.8% | 30.01 | 9072026 | 31.85 | 3182026 | 173 |
| GLD | SPDR Gold Trust | -14.9% | 406.77 | 9072026 | 477.86 | 3102026 | 181 |
| IAU | iShares Gold Trust | -14.8% | 83.39 | 9072026 | 97.85 | 3102026 | 181 |
| GLDM | SPDR Gold MiniShares Trust | -14.7% | 87.73 | 9072026 | 102.89 | 3102026 | 181 |
| SGOL | ETFS Physical Swiss Gold Shares | -9.8% | 44.66 | 9072026 | 49.53 | 3102026 | 181 |
| BAR | Direxion Daily Gold Bull 3X Shares | -13.4% | 44.34 | 9072026 | 51.20 | 3102026 | 181 |
| SLV | iShares Silver Trust | -25.3% | 59.82 | 9072026 | 80.09 | 3102026 | 181 |
| PPLT | ETFS Physical Platinum Shares | -17.5% | 16.50 | 9072026 | 20.00 | 3102026 | 181 |
| CPER | United States Copper Index Fund ETV | -7.7% | 33.33 | 9072026 | 36.12 | 3112026 | 180 |
| PALL | ETFS Physical Palladium Shares | -17.4% | 25.31 | 9072026 | 30.64 | 3092026 | 182 |
| USO | United States Oil Fund LP | -7.2% | 141.96 | 9072026 | 152.96 | 5192026 | 111 |
| UNG | United States Natural Gas Fund LP | -19.0% | 10.56 | 9072026 | 13.04 | 3122026 | 179 |
| BNO | United States Brent Oil Fund LP ETV | -7.1% | 55.85 | 9072026 | 60.13 | 5042026 | 126 |
| SCHH | Schwab U.S. REIT ETF | -5.7% | 23.45 | 9072026 | 24.86 | 7262026 | 43 |
| REET | iShares Global REIT ETF | -5.2% | 27.40 | 9072026 | 28.89 | 7262026 | 43 |
| USRT | iShares Core U.S. REIT ETF | -6.4% | 65.34 | 9072026 | 69.82 | 7262026 | 43 |
ETF Fund Flows
Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.
Asset allocation rotation · Past month
- Equity ETFs drew the largest net inflows (+$19.0B), followed by Bond (+$16.9B), while Real Estate (−$277M) saw the largest outflows.
- Within the mix, money rotated into Short Treasury (+$9.2B) and out of Broad Sector (−$5.8B).
- Relative to fund size, CNEQ drew the largest inflow (+81.8% of AUM) and SNXX the largest outflow (−32.6%).
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | VOO | Vanguard S&P 500 ETF | +$30.38B | +2.9% |
| 2 | VTI | Vanguard Morningstar Total Stock Market ETF | +$6.46B | +0.9% |
| 3 | SGOV | iShares 0-3 Month Treasury Bond ETF | +$6.06B | +5.8% |
| 4 | GLD | SPDR Gold Shares | +$4.87B | +3.3% |
| 5 | VGSH | Vanguard Short-Term Treasury ETF | +$4.66B | +15.1% |
| 6 | SCHD | Schwab U.S. Dividend Equity ETF | +$3.44B | +3.1% |
| 7 | AVLV | Avantis U.S. Large Cap Value ETF | +$3.29B | +15.3% |
| 8 | IBIT | iShares Bitcoin Trust ETF | +$2.78B | +4.7% |
| 9 | RSP | Invesco S&P 500 Equal Weight ETF | +$2.67B | +2.7% |
| 10 | VCIT | Vanguard Intermediate-Term Corporate Bond ETF | +$2.45B | +3.5% |
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | IVV | iShares Core S&P 500 ETF | -$35.73B | -4.0% |
| 2 | XLF | State Street Financial Select Sector SPDR ETF | -$3.47B | -6.2% |
| 3 | VGIT | Vanguard Intermediate-Term Treasury ETF | -$2.6B | -6.1% |
| 4 | LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$2.52B | -7.7% |
| 5 | HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -$2.35B | -14.1% |
| 6 | QQQ | Invesco QQQ Trust, Series 1 | -$2.19B | -0.4% |
| 7 | GOVT | iShares U.S. Treasury Bond ETF | -$1.86B | -4.2% |
| 8 | DRAM | Roundhill Memory ETF | -$1.83B | -7.0% |
| 9 | DIA | State Street SPDR Dow Jones Industrial Average ETF Trust | -$1.38B | -3.0% |
| 10 | XLI | State Street Industrial Select Sector SPDR ETF | -$935M | -2.8% |
Largest ETF fund flows across ~2631 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.
About FNDC
| Holdings Count: 1595Expense Ratio: 0.39%Inception Date: 2013-08-15 | Schwab Fundamental International Small Company Index ETFThis investment fund seeks to closely replicate the total return of an underlying index, before accounting for fees and expenses. This benchmark measures the performance of small-sized companies in developed international markets, with their inclusion and weighting determined by their fundamental economic scale and importance.Asset Class: Equity | ETF Website |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Profile
| Median | |
|---|---|
| Name | |
| Asset Class | - |
| AUM ($ Bil) | 9.5 |
| Expense Ratio | 0.23% |
| 10-D Avg Volume (Mil) | 0.29 |
| Latest Day Volume (Mil) | 0.04 |
| Holdings Count | 2,116 |
| Inception Date | - |
Fundamentals
| Median | |
|---|---|
| Name | |
| Net Asset Value | - |
| Premium/Discount | 0.5% |
| Distribution Yield | 3.2% |
| Sales Yield | 83.8% |
| Earnings Yield | 4.7% |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.