Data as of Oct 28, 2026.
FNDA vs SCHA: Differences, Returns & Fees
Over the year to Oct 28, 2026, FNDA returned +16.4% to SCHA's +17.8%; 44% of their weight is in the same names.
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Net assets on Aug 31, 2026: $9.1bn for Schwab Fundamental U.S. Small Company ETF and $22.6bn for Schwab U.S. Small-Cap ETF.
Pair scorecard
SCHA costs 0.22 points a year less; their one-year returns differ by 1.4 points; SCHA is 2.5 times larger.
| Measure | FNDA | SCHA |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.4% | +17.8% |
| Drawdown | ||
| Below its high | 6.3%, high on Aug 14, 2026 | 7.9%, high on Jun 30, 2026 |
| Benchmark | ||
| What it tracks | not read by ETFIQ | Dow Jones U.S. Small-Cap Total Stock Market Index |
| Cost and size | ||
| Expense ratio | 0.25% | 0.03% |
| Net assets, as of Aug 31, 2026 | $9.1bn | $22.6bn |
| Holdings | ||
| Holdings in common | 44% | |
| Top ten holdings, share of the fund | 3.8% | 10.1% |
Holdings in common uses holdings dated Aug 31, 2026. Method
Risk and return
Aug 23, 2013 to Oct 23, 2026 · 687 weekly returnsEach against its own benchmark: FNDA against VOO, Aug 23, 2013 to Oct 23, 2026; SCHA against IVV, Nov 13, 2009 to Oct 23, 2026.
FNDA returned slightly more: +244.6% to +233.0%. FNDA and SCHA swung about the same: 20.7% and 20.9%. SCHA fell slightly less at its worst: −40.9% to −43.0%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FNDA | SCHA | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +244.6% | +233.0% | FNDA (slight) | Price change plus distributions, reinvested. |
| Annualized | +9.8% | +9.5% | FNDA (slight) | Total return as a yearly rate. |
| Price return | +188.8% | +177.1% | FNDA (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.7% | 20.9% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.4% | 14.5% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −43.0% | −40.9% | SCHA (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 99.9% | 113.9% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 106.7% | 111.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.11 | 1.17 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.73 | 0.80 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.46 | 0.45 | FNDA (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.67 | 0.65 | FNDA (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.087 | 0.100 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.23 | 0.23 | Tie | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VOO | IVV | The ETF each fund is measured against. | |
| Alpha | −4.4% a year | −3.5% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.48 | −1.50 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −10.2% to +1.4% | −8.0% to +1.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.28 | −0.13 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 10.8% | 9.9% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 687 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FNDA and SCHA hold 44% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.
half
44% in common
Only in one fund ↓
Side by side
FNDA and SCHA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FNDA and SCHA are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 44% of the weight is in the same securities (holdings dated Aug 31, 2026).
- Cost. FNDA charges 0.25% of assets a year and SCHA 0.03%, a gap of 0.22 points.
- One-year total return (similar). Over 1 year to Oct 28, 2026 FNDA returned +16.4% and SCHA +17.8% with distributions reinvested, a gap of 1.4 points.
Data as of Oct 28, 2026.
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FNDA
FNDA tracks an index. Over the year to Oct 28, 2026 it returned +16.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.25% a year. By its holdings filed for Aug 31, 2026, 7% of the fund by weight is stocks the S&P 500 also holds, across 913 positions, with the top ten at 3.8%. It sat 6.3% below its high of Aug 14, 2026 on Oct 28, 2026.
SCHA
SCHA tracks an index. Over the year to Oct 28, 2026 it returned +17.8% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings filed for Aug 31, 2026, 7% of the fund by weight is stocks the S&P 500 also holds, across 1,705 positions, with the top ten at 10.1%. It sat 7.9% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FNDA or SCHA?
- In the year to Oct 28, 2026, with distributions reinvested, FNDA returned +16.4% and SCHA +17.8%.
- Which is cheaper, FNDA or SCHA?
- SCHA is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FNDA against SCHA, data as of Oct 28, 2026. https://etfiq.com/compare/any/fnda-vs-scha
ETFIQ. (Oct 28, 2026). FNDA against SCHA. Retrieved from https://etfiq.com/compare/any/fnda-vs-scha
[FNDA against SCHA (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fnda-vs-scha)
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