What are the expense ratios for FNDX and SCHV?

FNDX has an expense ratio of 0.25 per cent, while SCHV's expense ratio is significantly lower at 0.04 per cent. These fees represent the annual cost of managing the funds and directly impact net returns. The 0.21 percentage point difference means SCHV deducts less from your investment each year. When comparing ETFs, examining the expense ratio is crucial because lower fees generally preserve more of your capital over time, although they are not the only factor to consider when evaluating a fund's overall structure and performance.

How do the index tracking methodologies differ for FNDX and SCHV?

The specific index tracked by both FNDX and SCHV is not available. Generally, FNDX is known as a fundamental index fund, whereas SCHV is a market-cap weighted value ETF. Without the specific index data, exact tracking methodologies remain unclear. Typically, fundamental indexation weights stocks based on metrics like revenue or assets rather than just market capitalisation, while standard value ETFs often use price-to-book ratios. Investors should review current prospectuses to understand precisely how each fund defines its selection criteria and weighting logic relative to the broader large value market.

What does the dividend yield indicate for these ETFs?

Dividend yield estimates the annual income distribution relative to the fund's current price. For these funds, SCHV offers a yield of 1.79 per cent, compared to 1.43 per cent for FNDX. This indicates that, at the time of the data snapshot, SCHV was returning more cash income per dollar invested. However, yields fluctuate based on share price movements and underlying company payouts. Distributions are not guaranteed and can change. A higher yield may also reflect sector composition, such as a heavier weighting in mature value stocks that typically pay larger dividends than growth-oriented companies.

Which ETF has better liquidity based on net assets?

Liquidity in ETFs is often associated with net assets and trading volume. Based on the provided data, FNDX has net assets of $28.3 billion, whereas SCHV has $16.9 billion. Both figures indicate substantial size and solid liquidity for most retail investors. However, the larger asset base of FNDX suggests it may handle larger trade orders with potentially tighter bid-ask spreads compared to SCHV. While assets provide a proxy for liquidity, traders should always monitor real-time volume and spread data before executing large transactions to ensure efficient entry and exit at desired price levels.

How do the top holdings overlap between FNDX and SCHV?

There is significant overlap in the top ten holdings of both funds. The shared companies are ExxonMobil (XOM), Intel (INTC), Chevron (CVX), Berkshire Hathaway Class B (BRK.B), and JPMorgan Chase (JPM). However, the composition differs outside these shared holdings. FNDX includes large technology stocks like Apple (AAPL) and Microsoft (MSFT) in its top holdings, which are not present in SCHV's top ten. SCHV features Micron Technology (MU) and Johnson & Johnson (JNJ) instead. This overlap suggests similar exposure to energy and financials, but FNDX provides greater direct exposure to major tech firms within its top holdings.

What are the differences in inception dates for FNDX and SCHV?

FNDX was established on August 15, 2013, while SCHV started earlier, on December 11, 2009. SCHV's longer operational history means it has accumulated more trading history and potentially weathered different market cycles, which can be useful for backtesting performance metrics. FNDX, being a younger fund, launched during a different market environment. Neither date suggests a risk or benefit directly, but investors often review the track record of funds with longer histories to understand how their specific strategies performed during various economic conditions. The data available here does not detail past performance returns for either period.

How do sector exposures differ between FNDX and SCHV?

Specific sector weight percentages are not available for either fund. However, we can infer some differences from top holdings. FNDX's inclusion of technology giants like Apple and Microsoft in its top ten holdings suggests it may carry more exposure to the Information Technology sector than SCHV. Conversely, SCHV's top holdings include Micron Technology and Johnson & Johnson. The lack of available sector weight data means precise comparisons are difficult. Investors should consult official fund disclosures for current sector breakdowns to fully understand how each fund allocates capital across industries like Energy, Technology, and Industrials relative to the broader large value market.

Do these funds offer the same style exposure despite both being Large Value?

While both FNDX and SCHV are categorised as Large Value, their approach differs. FNDX holds major growth stocks like AAPL and MSFT in its top ten, which may reduce its sensitivity to traditional value factors compared to SCHV. SCHV excludes these tech giants from its top ten, focusing on names like JPM and BRK.B, which are more traditionally associated with deep value. This divergence illustrates that 'Value' is not a monolithic category. Fundamental indexation strategies used by FNDX can blend growth and value characteristics, whereas standard market-cap weighted value indices typically maintain stricter adherence to value metrics like low price-to-earnings ratios.

Why is dividend yield a factor when comparing these ETFs?

The dividend yield represents the expected cash return relative to the investment amount. SCHV currently offers a higher yield at 1.79 per cent compared to 1.43 per cent for FNDX. For investors focused on generating income from their equity holdings, this difference may be significant over time. The higher yield in SCHV might also reflect its exclusion of low-yielding technology stocks present in FNDX's top ten. Yield is a useful comparison metric for income-oriented strategies, but it should not be viewed in isolation. Capital appreciation, tax treatment of distributions, and the sustainability of the underlying companies' dividends are equally important considerations when evaluating total return potential.

What is the impact of the expense ratio difference on returns?

The expense ratio is a management fee deducted from the fund's assets. SCHV charges 0.04 per cent, while FNDX charges 0.25 per cent. The 0.21 percentage point difference means that, all else being equal, SCHV retains 0.21 per cent more of its returns annually for shareholders. Over a twenty-year period, this difference compounds, potentially resulting in a noticeable disparity in ending portfolio value. FNDX's higher fee reflects the costs of managing a fundamental index strategy. Investors should weigh this cost against any potential differences in performance or holdings diversification when selecting between these two Schwab funds for a large-cap value allocation.

How should investors interpret the net asset figures?

Net assets indicate the total market value of the securities held by the fund. FNDX manages $28.3 billion, while SCHV manages $16.9 billion. Both are substantial amounts, typically implying that the funds are well-established and provide the liquidity necessary for trading. The larger asset base of FNDX suggests it attracts more capital, which can lead to economies of scale in trading costs within the fund portfolio. However, the data provided does not reveal if these assets translate to tighter bid-ask spreads for investors. Always check current liquidity metrics and trading volumes before executing significant transactions in any ETF, regardless of net asset size.

What should beginners know before choosing between FNDX and SCHV?

Beginners should consider that FNDX and SCHV, while both classified as Large Value ETFs, offer different exposures. FNDX includes major technology stocks like AAPL and MSFT, whereas SCHV focuses on traditional value names like JPM and BRK.B. Additionally, SCHV has a lower expense ratio and higher dividend yield, while FNDX has larger net assets. The choice depends on whether an investor prefers a fundamental index methodology that captures a broader range of large-cap companies or a more concentrated traditional value approach. It is essential to read full prospectuses and understand that ETF values fluctuate with the market. This educational content is not financial advice.

FNDX vs SCHV

Two funds, one decision: we compare cost, performance and what each ETF actually holds in October 2026.

Compare Schwab Fundamental US Large Company ETF (FNDX) and Schwab US Large-Cap Value ETF (SCHV). This page examines their fees, holdings, dividends, and how each fund tracks the large value market. FNDX has a 0.25% expense ratio while SCHV is 0.04%. SCHV offers a 1.79% yield versus 1.43% for FNDX. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

FNDX

Metric

SCHV

0.25%

Expense Ratio

0.04%

1.43%

Dividend Yield

1.79%

$28.32B

Net Assets

$16.91B

733

Holdings

559

Aug 15, 2013

Inception Date

Dec 11, 2009

–

Index Tracked

–

Large Value

Fund Category

Large Value

SCHV costs about $21.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	FNDX	SCHV
XOMExxonMobil Holdings Corporation	2.46%	2.16%
INTCIntel Corporation	1.73%	1.72%
CVXChevron Corporation	1.66%	1.26%
BRK.BBerkshire Hathaway Inc.	1.63%	2.98%
JPMJPMorgan Chase & Co.	1.61%	2.99%

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Investment Analysis

FNDX

Pros

Costs 0.25 per cent in annual expenses which remains competitive for fundamental index strategies.
Assets of $28.3 billion provide excellent liquidity and tight bid-ask spreads for large trades.
Holds tech giants like AAPL and MSFT, offering more growth exposure than traditional value funds.

Considerations

Annual fee of 0.25 per cent is significantly higher than cheaper market-cap weighted alternatives.
Dividend yield of 1.43 per cent is lower than comparable large-cap value ETFs.
Top-ten holdings are dominated by tech and energy, potentially diverging from pure value mandates.

SCHV

Pros

Extremely low cost with an expense ratio of just 0.04 per cent, maximising net returns.
Trades at a yield of 1.79 per cent, providing better income than the alternative fund.
Holds major financial and industrial names like JPM and BRK.B, suitable for deep value investors.

Considerations

Lack of large technology stocks makes it more exposed to cyclical sectors like financials.
Assets of $16.9 billion, while solid, are smaller than the alternative fundamental large-cap fund.
Index tracked data is not available, limiting transparency on the specific methodology used.

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About FNDX and SCHV

FNDX (FNDX)

The Schwab Fundamental US Large Company ETF (FNDX) is an exchange-traded fund focused on large-cap U.S. companies with fundamental value characteristics. It aims to track an index designed to reflect the performance of these firms, using metrics like cash flow and dividends to determine weighting. With net assets of USD 28.32 billion, it offers broad exposure to established businesses through its 733 holdings. The fund operates with a 0.25% expense ratio and provides a dividend yield of 1.43%. Inception occurred on August 15, 2013. As with any investment, its value can fluctuate, and returns are not guaranteed.

SCHV (SCHV)

SCHV (Schwab US Large‑Cap Value ETF) is an exchange‑traded fund that seeks to track the Dow Jones U.S. Large‑Cap Value Total Stock Market Index, providing diversified exposure to large‑capitalisation U.S. companies classified as value stocks. Managed by Charles Schwab, the ETF is designed for passive, cost‑efficient investing and typically offers regular income through dividends. It can serve as a way to tilt a portfolio toward value characteristics—such as lower valuation multiples or higher dividend yields—rather than growth. Investors should note that ETFs are pooled instruments (so a single market‑cap figure for the ETF itself is not applicable in the same way as for a company), and performance depends on the underlying index and market conditions. Value styles can underperform growth for extended periods and returns are not guaranteed. This summary is educational only and not personalised financial advice; suitability depends on individual objectives and risk tolerance.

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FNDX vs SCHV

Fund Snapshot