FNDX vs TVAL: Differences, Returns & Fees
FNDX and TVAL hold 44% of their weight in the same names, and TVAL returned +26.8% over the year. Net assets: $25.5bn on May 31, 2026 for Schwab Fundamental U.S. Large Company ETF, and $1.1bn on Oct 9, 2026 for T. Rowe Price Value ETF.
FNDX costs 0.08 points a year less; their one-year returns differ by 2.4 points.
| FNDX | TVAL | |
|---|---|---|
| Expense ratio | 0.25% | 0.33% |
| Net assets, FNDX as of May 31, 2026 and TVAL as of Oct 9, 2026 | $25.5bn | $1.1bn |
| Total return, 1 year | +24.4% | +26.8% |
| What it tracks | Fundamental U.S. Large Company | No index, actively managed |
| Holdings in common | 44% | |
| Top ten holdings, share of the fund | 22.4% | 23.0% |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.
What they hold in common
By the books each fund has filed, FNDX and TVAL hold 44% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Jun 30, 2026.
half
44% in common
On the same fields
FNDX and TVAL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About FNDX
FNDX tracks an index of Fundamental U.S. Large Company. Over the year to Oct 9, 2026 it returned +24.4% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings filed for May 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 733 positions, with the top ten at 22.4%.
About TVAL
TVAL is actively managed and tracks no index. The prospectus expense ratio is 0.33% a year. By its holdings filed for Jun 30, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 158 positions, with the top ten at 23.0%.
Over the year to Oct 9, 2026 it returned +26.8% with distributions reinvested, against +26.4% for its benchmark, the Russell 1000 Value Index.
Questions people ask
- Which returned more over the last year, FNDX or TVAL?
- In the year to Oct 9, 2026, with distributions reinvested, FNDX returned +24.4% and TVAL +26.8%.
- Which is cheaper, FNDX or TVAL?
- FNDX is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FNDX against TVAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/fndx-vs-tval
ETFIQ. (Oct 9, 2026). FNDX against TVAL. Retrieved from https://etfiq.com/compare/any/fndx-vs-tval
[FNDX against TVAL (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/fndx-vs-tval)
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