Data as of Oct 28, 2026.
FNDX vs VLUE: Differences, Returns & Fees
Over the year to Oct 28, 2026, FNDX returned +23.9% to VLUE's +54.7%; 26% of their weight is in the same names.
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Net assets: $27.6bn on Aug 31, 2026 for Schwab Fundamental U.S. Large Company ETF, and $9.4bn on Oct 28, 2026 for iShares MSCI USA Value Factor ETF.
Pair scorecard
VLUE costs 0.10 points a year less; their one-year returns differ by 30.8 points.
| Measure | FNDX | VLUE |
|---|---|---|
| Return | ||
| Total return, 1 year | +23.9% | +54.7% |
| Benchmark | ||
| What it tracks | Fundamental U.S. Large Company | MSCI USA Enhanced Value Index |
| Cost and size | ||
| Expense ratio | 0.25% | 0.15% |
| Net assets, FNDX as of Aug 31, 2026 and VLUE as of Oct 28, 2026 | $27.6bn | $9.4bn |
| Holdings | ||
| Holdings in common | 26% | |
| Top ten holdings, share of the fund | 21.0% | 42.8% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Aug 23, 2013 to Oct 23, 2026 · 687 weekly returnsEach against its own benchmark: FNDX against IWB, Aug 23, 2013 to Oct 23, 2026; VLUE against MLRG, Apr 26, 2013 to Oct 23, 2026.
FNDX returned slightly more: +418.7% to +400.6%. FNDX swung less: 15.9% to 18.4%. FNDX fell slightly less at its worst: −35.2% to −37.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FNDX | VLUE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +418.7% | +400.6% | FNDX (slight) | Price change plus distributions, reinvested. |
| Annualized | +13.3% | +13.0% | FNDX (slight) | Total return as a yearly rate. |
| Price return | +298.9% | +261.5% | FNDX | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.9% | 18.4% | FNDX | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.2% | 12.8% | FNDX | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −35.2% | −37.5% | FNDX (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 86.4% | 96.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 92.1% | 98.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.93 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.90 | 0.79 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.74 | 0.65 | FNDX | Return above Treasury bills per unit of volatility. |
| Sortino | 1.05 | 0.93 | FNDX | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.128 | 0.121 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.38 | 0.35 | FNDX (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWB | MLRG | The ETF each fund is measured against. | |
| Alpha | +0.4% a year | −0.2% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.28 | −0.07 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.4% to +3.2% | −4.7% to +4.4% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.10 | −0.01 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.3% | 8.4% | 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, FNDX and VLUE hold 26% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
26% in common
Only in one fund ↓
Side by side
FNDX and VLUE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FNDX and VLUE are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FNDX follows Fundamental U.S. Large Company and VLUE follows MSCI USA Enhanced Value Index.
- Holdings in common. 26% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FNDX returned +23.9% and VLUE +54.7% with distributions reinvested, a gap of 30.8 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +23.9% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index.
FNDX tracks an index of Fundamental U.S. Large Company. The prospectus expense ratio is 0.25% a year. By its holdings filed for Aug 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 731 positions, with the top ten at 21.0%.
VLUE
VLUE tracks the MSCI USA Value Factor. Over the year to Oct 28, 2026 it returned +54.7% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 148 positions, with the top ten at 42.8%.
Questions people ask
- Which returned more over the last year, FNDX or VLUE?
- In the year to Oct 28, 2026, with distributions reinvested, FNDX returned +23.9% and VLUE +54.7%.
- Which is cheaper, FNDX or VLUE?
- VLUE is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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 VLUE, data as of Oct 28, 2026. https://etfiq.com/compare/any/fndx-vs-vlue
ETFIQ. (Oct 28, 2026). FNDX against VLUE. Retrieved from https://etfiq.com/compare/any/fndx-vs-vlue
[FNDX against VLUE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fndx-vs-vlue)
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