FNDC vs SCHC: Grades, Fees and Holdings Compared

Schwab Fundamental International Small Company Index ETF

FNDCANYSE Arca

Schwab International Small-Cap Equity ETF

SCHCANYSE Arca

Overlap

40.3%by weight

Expense ratio

SCHC −0.33pt a year

FNDC0.39%SCHC0.06%

Avg volume · 30D

SCHC 3.6×the volume

FNDC92.6KSCHC332K

10Y return · a year

FNDC +0.4pt

FNDC+8.2%SCHC+7.8%

FNDC vs SCHC Performance

Oct 29, 2021 – Oct 30, 2026

+44.5%FNDC+29.3%SCHC

Expense ratio: FNDC 0.39%; SCHC 0.06%, better
Fund size: FNDC $3.04B; SCHC $5.5B
1Y total return: FNDC +15.0%, better; SCHC +9.6%
Yield (12M): FNDC 3.68%, better; SCHC 3.51%
Holdings: FNDC 1582; SCHC 2326
Avg volume (30D): FNDC 92.6K sh; SCHC 332K sh, better
NAV per share: FNDC $49.16; SCHC $48.02
52W range

ETF.net Grade

Pillar letters and Scores for FNDC, SCHC, with each pillar’s weight
Pillar	FNDC	SCHC
Cost30% weight	A70	A97Higher
Mission25% weight	A100	A100
Risk15% weight	B61Higher	C41
Tradability15% weight	A71Higher	B64
Holdings10% weight	B60	B68Higher
Durability5% weight	B64	A75Higher

Rank among International Small-Cap funds

How we build Categories ›

Same Category. FNDC and SCHC are both graded against the same 16 International Small-Cap funds, so their Grades compare head to head.

International Small-Cap⁠

Category · 16 funds

See all 16 ›

SCHC ranks 1st and FNDC 4th of 16 funds in the International Small-Cap Category.

Rank 1ASCHCSchwab International Small-Cap Equity ETFScore 80
Rank 2ASCZiShares MSCI EAFE Small-Cap ETFScore 79
Rank 4ADFISDimensional International Small Cap ETFScore 74
Rank 4AFNDCSchwab Fundamental International Small Company Index ETFScore 74
Rank 6AGWXState Street SPDR S&P International Small Cap ETFScore 72

Our read on each fund

ETF.net Research

FNDCASchwab Fundamental International Small Company Index ETF

SCHCASchwab International Small-Cap Equity ETF

In short

FNDC Schwab's contrarian cut of international small caps: instead of letting share price set position size, FNDC weights roughly 1,600 developed-market small companies by fundamental measures of size, which bakes in a value tilt.

SCHC The bargain end of international small caps: Schwab charges 0.06% where the typical fund in this group sits near 0.40%. Roughly 2,200 stocks from developed markets outside the US, with Canada and South Korea in the mix.

Stated mandate

FNDC The fund seeks to track, before fees and expenses, the total return of an index measuring small non-U.S. developed-market companies according to fundamental size and weighting.

SCHC The fund seeks to track, before fees and expenses, the total return of the FTSE Developed Small Cap ex US Liquid Index.

Why people hold it

FNDC Weights companies by fundamental measures of size rather than share price, so a stock's weight does not climb simply because the market bid it up.
Roughly 1,600 names spread across developed markets outside the US. Broad enough that no single small-cap story drives the fund.
Trading since 2013 and now a multi-billion-dollar fund that stays inside its lane: developed-market small companies, no drift into emerging markets or larger caps.
At 0.39%, one of the better-standing implementations in a peer group where the typical fund charges about the same.

SCHC 0.06% a year, against a peer-group median near 0.40%. In a corner of the market where fees usually run high, that gap is most of the pitch.schwabassetmanagement.com
About 2,200 holdings across developed markets outside the US. Broad enough that it behaves like the asset class rather than a concentrated bet.
Counts Canada and South Korea as developed markets, covering ground that EAFE-built rivals such as SCZ leave out by design.schwabassetmanagement.com ishares.com
Trading since 2010 and has tracked its FTSE developed small-cap benchmark tightly, one of the cleaner index implementations in its peer group.

Worth knowing

FNDC The fundamental weighting costs extra: plain cap-weighted siblings SCHC and VSS charge 0.06% against 0.39% here.
A value tilt means results can diverge from standard cap-weighted international small-cap indexes for long stretches, in either direction.
Cash comes in lumps: distributions are annual or semiannual, not monthly, and the fund trades moderately rather than like the category's busiest names.

SCHC Foreign small caps swing harder than large caps, and holdings are priced in local currencies, so exchange-rate moves feed straight into results.
Developed markets only. Emerging-market small caps sit outside the mandate, which is where wider ex-US peers like VSS reach further.
Moderately traded rather than a top-of-tape name, and distributions land once or twice a year instead of quarterly.

Full FNDC profile⁠

Full SCHC profile⁠

FNDC vs SCHC Holdings

How FNDC and SCHC differ

Overlap by weight

40.3%

Shared holdings make up 55.4% of SCHC and 48.5% of FNDC.

Level by level

Holdings916 in both40.3%
Countryby domicile85.6%
Sector11 Sectors91.3%
Asset classEquity100%

Sector

Sector weights in FNDC and SCHC, widest gap first
Sector	More in FNDCMore in SCHC	FNDC	SCHC
Materials	SCHC +4.2 points	9.9%	14.1%
Consumer Discretionary	FNDC +2.8 points	12.9%	10.1%
Industrials	FNDC +2.6 points	24.7%	22.1%
Communication	FNDC +1.9 points	5.2%	3.3%
Technology	SCHC +1.6 points	8.7%	10.3%
Consumer Staples	FNDC +1.5 points	6.0%	4.5%
Energy	SCHC +1.1 points	4.4%	5.5%
Real Estate	SCHC +0.9 points	7.1%	8.0%
Health Care	SCHC +0.7 points	5.8%	6.5%
Utilities	SCHC +0.2 points	2.4%	2.6%
Financials	SCHC +0.2 points	12.8%	13.0%

Country, concentration and asset class

Country by domicile

Country weights in FNDC and SCHC, widest gap first
Country	More in FNDCMore in SCHC	FNDC	SCHC
Japan	FNDC +8.2 points	30.5%	22.3%
Canada	SCHC +4.3 points	7.9%	12.2%
United Kingdom	SCHC +2.8 points	8.8%	11.6%
United States	FNDC +1.4 points	2.7%	1.3%
Hong Kong	FNDC +1.2 points	1.9%	0.7%
Singapore	FNDC +1.2 points	2.4%	1.2%
Australia	SCHC +1.0 points	5.4%	6.4%
Denmark	SCHC +1.0 points	1.6%	2.6%
Other countries (25)	SCHC +3.0 points	38.9%	41.9%

Outside the US: FNDC 88% developed, 12% emerging. SCHC 88% developed, 12% emerging.

Concentration

Weight in the 10 largest Holdings

FNDC2.6%
SCHC2.8%

Securities held

FNDC1,569
SCHC2,311

Asset class

FNDC: Equity
SCHC: Equity

Holdings

Only in FNDC653
In both916
Only in SCHC1,395

Only in FNDC

653 securities, 51.5% of FNDC by weight

Gfl Environmental Subordinate Voti0.35%
Samsung E&A Ltd0.33%
Ibiden Ltd0.31%
Helvetia Baloise Holding N AG0.23%
Nippon Paint Holdings0.22%
Nice Adr Representing0.21%
Samsung Life Ltd0.21%
Qiagen0.21%
Evolution0.20%
Trend Micro0.20%
Getinge Class B0.20%
Oriental Land0.20%
Meritz Financial Group Inc0.20%
Orion Class B0.19%
Imi PLC0.19%
Coway Ltd0.19%
Taiyo Yuden Ltd0.19%
Nissan Chemical Corp0.19%
Howden Joinery Group PLC0.18%
Andritz AG0.18%
Edenred0.18%
Atkinsrealis Group Inc0.18%
Talanx AG0.18%
Konami Group0.18%
Bankinter0.17%
Macnica Holdings Inc0.17%
Nibe Industrier Class B0.17%
Rb Global0.17%
Hulic0.17%
Sig Group N AG0.17%
Erste Bank Polska SA0.17%
Weir PLC0.17%
Celestica0.17%
Tryg0.17%
Asics0.16%
Intercontinental Hotels Group PLC0.16%
Segro Reit PLC0.16%
Joyy Adr0.16%
Mirvac Group Stapled Units0.16%
Wharf Real Estate Investment Compa0.16%
Spie SA0.16%
Amundi SA0.16%
Yokohama Financial Group0.16%
Japan Exchange Group0.16%
Treasury Wine Estates Ltd0.16%
Hongkong Land Holdings Ltd0.16%
Constellium SE Class A0.16%
Klepierre Reit SA0.16%
Spirax Group PLC0.16%
Hyundai Marine & Fire Insurance0.16%

Only in SCHC

1,395 securities, 44.6% of SCHC by weight

Capital Power Corp0.27%
Thyssenkrupp AG0.26%
G Mining Ventures Corp0.24%
B2GOLD0.24%
Prairiesky Royalty0.23%
Wpp PLC0.22%
Voestalpine AG0.21%
Iss0.21%
Balfour Beatty PLC0.21%
Aberdeen Group PLC0.20%
Blackberry0.20%
Nexgen Energy0.20%
Persimmon PLC0.20%
Sbm Offshore0.19%
Rs Group PLC0.19%
Investec PLC0.18%
Alk-Abello Class B0.18%
Codan0.18%
Umicore SA0.18%
Adecco Group AG0.18%
Benefit Systems0.17%
Motor Oil (Hellas) Corinth Refiner0.17%
Methanex0.17%
Mondi PLC0.17%
Acerinox0.17%
Sectra Class B0.17%
Aalberts0.17%
Mda Space0.16%
Teleperformance0.16%
K92 Mining0.16%
Bank of Cyprus Holding0.16%
Algonquin Power Utilities0.16%
Jusung Engineering Ltd0.15%
Elis SA0.15%
Vault Minerals0.15%
Entain PLC0.15%
Berkeley Group Holdings (The)0.15%
Capricorn Metals Ltd Def0.15%
Johnson Matthey PLC0.15%
Discovery Mining Ltd0.15%
Taylor Wimpey PLC0.14%
Serco Group PLC0.14%
Kinaxis Inc0.14%
Drax Group PLC0.14%
B&M European Value Retail PLC0.14%
Greatland Resources Ltd0.14%
Pge Polska Grupa Energetyczna SA0.14%
Westgold Resources0.14%
Montage Gold0.13%
Arkema SA0.13%

Weight gaps

The 100 widest of 916 Holdings in both funds.

Holding weights in FNDC and SCHC, widest gap first
Holding	More in FNDCMore in SCHC	FNDC	SCHC
Gaztransport & Technigaz SAGTT	SCHC +0.23 points	0.07%	0.30%
Dpm Metals	SCHC +0.21 points	0.08%	0.29%
Or Royalties Inc	SCHC +0.20 points	0.03%	0.23%
Storebrand	SCHC +0.20 points	0.12%	0.32%
Eldorado Gold	SCHC +0.20 points	0.09%	0.29%
Nkt	SCHC +0.19 points	0.07%	0.26%
Ringkjobing Landbobank	SCHC +0.19 points	0.05%	0.24%
Lottomatica Group	SCHC +0.18 points	0.07%	0.25%
Londonmetric Property Reit PLCLMP.L	SCHC +0.18 points	0.04%	0.22%
Aedifica NVAED	SCHC +0.17 points	0.08%	0.25%
Tritax Big Box Reit PLCBBOX.L	SCHC +0.15 points	0.04%	0.19%
Capstone Copper Corp	SCHC +0.15 points	0.06%	0.21%
Cd Projekt Red	SCHC +0.15 points	0.03%	0.18%
Avanza Bank Holding	SCHC +0.14 points	0.04%	0.18%
Al Sydbank	SCHC +0.14 points	0.12%	0.26%
South Bow	SCHC +0.14 points	0.14%	0.28%
Onex	SCHC +0.14 points	0.04%	0.18%
Dl E&C Ltd	FNDC +0.13 points	0.18%	0.05%
Mycronic	SCHC +0.14 points	0.04%	0.18%
Oceanagold Corporation Corp	SCHC +0.14 points	0.07%	0.21%
Gs Engineering & Construction Corp	FNDC +0.14 points	0.19%	0.05%
Lagercrantz Group Class B	SCHC +0.13 points	0.03%	0.16%
Chartwell Retirement Residences Re	SCHC +0.13 points	0.05%	0.18%
Glanbia PLC	SCHC +0.13 points	0.05%	0.18%
Rightmove PLCRMV.L	SCHC +0.13 points	0.06%	0.19%
EasyjetEZJ.L	FNDC +0.12 points	0.25%	0.13%
Renk Group AG	SCHC +0.12 points	0.02%	0.14%
Zegona Communications PLCZEG.L	SCHC +0.12 points	0.03%	0.15%
Georg Fischer AG	SCHC +0.11 points	0.09%	0.20%
Parex Resources	FNDC +0.12 points	0.19%	0.07%
Zabka Group Societe Anonyme SA	SCHC +0.12 points	0.04%	0.16%
Perseus Mining Ltd	SCHC +0.12 points	0.09%	0.21%
Hokkaido Electric Power Inc	FNDC +0.12 points	0.17%	0.05%
Lion Finance Group PLCBGEO.L	SCHC +0.11 points	0.11%	0.22%
Jyske Bank	SCHC +0.11 points	0.13%	0.24%
Kbc Ancora NV	SCHC +0.11 points	0.04%	0.15%
Aixtron	SCHC +0.11 points	0.05%	0.16%
Baytex Energy	FNDC +0.11 points	0.24%	0.14%
Frontline PLCFRO	SCHC +0.10 points	0.20%	0.30%
Bridgepoint Group PLCBPT.L	SCHC +0.11 points	0.04%	0.15%
Definity Financial	SCHC +0.10 points	0.09%	0.19%
Tokai Carbon Ltd	FNDC +0.09 points	0.18%	0.09%
Inficon Holding AG	SCHC +0.09 points	0.05%	0.14%
Bank Millennium SA	SCHC +0.10 points	0.04%	0.14%
Ssr Mining	SCHC +0.09 points	0.13%	0.22%
Konecranes	SCHC +0.09 points	0.13%	0.22%
Daewoo Engineering & Construction	FNDC +0.10 points	0.16%	0.06%
Sopra Steria Group SA	FNDC +0.09 points	0.20%	0.11%
Nordic Semiconductor	SCHC +0.09 points	0.04%	0.13%
Aris Mining	SCHC +0.09 points	0.03%	0.12%
Efg International AG	SCHC +0.09 points	0.02%	0.11%
Sparebank Sr-Norge	SCHC +0.09 points	0.10%	0.19%
Denka Ltd	FNDC +0.09 points	0.15%	0.06%
Comet Holding AG	SCHC +0.08 points	0.04%	0.12%
Harim Holdings Ltd	FNDC +0.09 points	0.10%	0.01%
Mobimo Holding AG	SCHC +0.09 points	0.03%	0.12%
Russel Metals	FNDC +0.09 points	0.22%	0.13%
Shiga Bank	SCHC +0.08 points	0.04%	0.12%
Clariant AG	FNDC +0.08 points	0.18%	0.10%
Tamarack Valley Energy Ltd	SCHC +0.08 points	0.10%	0.18%
Granite Real Estate Investment Sta	SCHC +0.08 points	0.06%	0.14%
Salzgitter AG	FNDC +0.08 points	0.14%	0.06%
Daishi Hokuetsu Financial Group	SCHC +0.08 points	0.06%	0.14%
Alten SA	FNDC +0.08 points	0.19%	0.11%
Unite Group Reit PLCUTG.L	SCHC +0.08 points	0.04%	0.12%
Rotork PLCROR.L	SCHC +0.08 points	0.12%	0.20%
Wacker Chemie AG	FNDC +0.08 points	0.14%	0.06%
Siegfried Holding AG	SCHC +0.08 points	0.04%	0.12%
Primary Health Properties Reit PLCPHP.L	SCHC +0.08 points	0.04%	0.12%
Ero Copper	SCHC +0.08 points	0.04%	0.12%
Colliers International Group Subor	SCHC +0.08 points	0.08%	0.16%
Allfunds Group PLC	SCHC +0.08 points	0.07%	0.15%
Cogeco Communications Subordinate	FNDC +0.08 points	0.09%	0.01%
Allreal Holding AG	SCHC +0.08 points	0.05%	0.13%
Luzerner Ktbank AG	SCHC +0.07 points	0.04%	0.11%
Nishi-Nippon Financial Holdings In	SCHC +0.07 points	0.06%	0.13%
Puig Brands SA Class B	SCHC +0.08 points	0.04%	0.12%
Softcat PLCSCT.L	SCHC +0.07 points	0.05%	0.12%
Lx International Corp	FNDC +0.07 points	0.10%	0.03%
Helios Towers PLCHTWS.L	SCHC +0.07 points	0.03%	0.10%
Sulzer AG	SCHC +0.07 points	0.07%	0.14%
Hyakugo Bank	SCHC +0.06 points	0.05%	0.11%
Hafnia	FNDC +0.07 points	0.17%	0.10%
Banca Generali	SCHC +0.07 points	0.07%	0.14%
Daeduckelectronics Ltd	SCHC +0.07 points	0.06%	0.13%
Tate and Lyle PLCTATE.L	FNDC +0.07 points	0.17%	0.10%
Leg Immobilien NLEG	SCHC +0.07 points	0.09%	0.16%
Air France-Klm SAAF	FNDC +0.07 points	0.12%	0.05%
Hyosung Tnc Corp	FNDC +0.06 points	0.08%	0.02%
Bavarian Nordic	SCHC +0.07 points	0.04%	0.11%
Regis Resources	SCHC +0.07 points	0.06%	0.13%
Tieto	FNDC +0.06 points	0.14%	0.08%
Grupa Kety	SCHC +0.06 points	0.06%	0.12%
Mandatum	SCHC +0.06 points	0.06%	0.12%
First Capital Realty Real Estate I	SCHC +0.06 points	0.07%	0.13%
Nexans SANEX	SCHC +0.06 points	0.16%	0.22%
Galenica AG	SCHC +0.06 points	0.14%	0.20%
Huber & Suhner AG	SCHC +0.06 points	0.05%	0.11%
Hyundai Wia Corp	FNDC +0.06 points	0.08%	0.02%
Tokuyama	FNDC +0.06 points	0.12%	0.06%

All 1,583 FNDC holdings⁠All 2,333 SCHC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FNDC vs SCHC Cost

Overpaying FNDC vs SCHC

$6,628

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FNDC 0.39%
$7,898
SCHC 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

FNDC 0.39%
SCHC 0.06%
Overpaying

Year by year

Year	FNDC	SCHC	Overpaying
10	$705	$110	$595
20	$2,725	$432	$2,293
30	$7,898	$1,270	$6,628

Expense ratio

0.39%FNDC
0.06%SCHC, cheaper

SCHC0.06%FNDC0.39%

0.06%0.83%

Middle half of International Small-Cap funds
Median 0.44%

SCHC cheapest of 16 funds

FNDC 4th cheapest of 16 funds

FNDC vs SCHC Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FNDC 3.68%, better; SCHC 3.51%
Payout (12M): FNDC $1.80; SCHC $1.68
Last payment: FNDC $0.28; SCHC $0.11
Ex-dividend: FNDC Jun 24, 2026; SCHC Jun 24, 2026
Paid on: FNDC Jun 29, 2026; SCHC Jun 29, 2026
Frequency: FNDC Twice a year; SCHC Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

FNDCTwice a year · 18 paymentsAll FNDC payments⁠

SCHCTwice a year · 16 paymentsAll SCHC payments⁠

FNDC vs SCHC Risk

Fall from peak · 5 years

FNDC
SCHC

Risk facts

VolatilityStd dev, 3 years: FNDC 13.3%, betterSCHC 14.9%
Return per unit of riskSharpe ratio, 3 years: FNDC 1.14, betterSCHC 1.01
Worst fallMax drawdown, 5 years: FNDC −30.8%, betterSCHC −35.8%
Market sensitivityBeta, 5 years: FNDC 1.04SCHC 1.13; Market = 1

FNDC and SCHC in the news

All news⁠

Best ETFs
Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%
Updated Nov 2, 2026SCHC

Popular comparisons

FNDCAvsSCZA
Schwab Fundamental International Small Company Index ETF · iShares MSCI EAFE Small-Cap ETF
Expense ratio
0.39% · 0.40%
Category
SCHCAvsSCZA
Schwab International Small-Cap Equity ETF · iShares MSCI EAFE Small-Cap ETF
Expense ratio
0.06% · 0.40%
Category
FNDCAvsVSSA
Schwab Fundamental International Small Company Index ETF · Vanguard FTSE All-World ex-US Small-Cap ETF
Expense ratio
0.39% · 0.06%
Category
SCHCAvsVSSA
Schwab International Small-Cap Equity ETF · Vanguard FTSE All-World ex-US Small-Cap ETF
Expense ratio
0.06% · 0.06%
Category
FNDCAvsDFISA
Schwab Fundamental International Small Company Index ETF · Dimensional International Small Cap ETF
Expense ratio
0.39% · 0.39%
Category
SCHCAvsDFISA
Schwab International Small-Cap Equity ETF · Dimensional International Small Cap ETF
Expense ratio
0.06% · 0.39%
Category

FNDC vs SCHC

In short

Stated mandate

Why people hold it

Worth knowing

How FNDC and SCHC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FNDC

Only in SCHC

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%

How FNDC and SCHC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FNDC

Only in SCHC

Weight gaps