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FNDC vs SCZ

Schwab Fundamental International Small Company Index ETF

FNDCANYSE Arca

iShares MSCI EAFE Small-Cap ETF

SCZANasdaq

Overlap

Expense ratio

FNDC −0.01pt a year

FNDC0.39%SCZ0.40%

Avg volume · 30D

SCZ 14.0×the volume

FNDC92.6KSCZ1.3M

10Y return · a year

FNDC +0.2pt

FNDC+8.2%SCZ+8.0%

FNDC vs SCZ Performance

Oct 29, 2021 – Oct 30, 2026

+44.5%FNDC+26.3%SCZ

Oct 29, 2021 to Oct 30, 2026. FNDC +44.5%. SCZ +26.3%. Use the arrow keys to read each point.−20%0%Oct 2021Apr 2024Oct 2026
Expense ratio
FNDC 0.39%, better
SCZ 0.40%
Fund size
FNDC $3.04B
SCZ $12.7B
1Y total return
FNDC +15.0%, better
SCZ +12.2%
Yield (12M)
FNDC 3.68%, better
SCZ 3.22%
Holdings
FNDC 1582
SCZ 2039
Avg volume (30D)
FNDC 92.6K sh
SCZ 1.3M sh, better
NAV per share
FNDC $49.16
SCZ $82.65
52W range

ETF.net Grade

FNDC: Cost 70, Risk 61, Mission 100, Tradability 71, Holdings 60, Durability 64. SCZ: Cost 70, Risk 55, Mission 100, Tradability 92, Holdings 76, Durability 85.
Pillar letters and Scores for FNDC, SCZ, with each pillar’s weight
PillarFNDCSCZ
Cost30% weightA70A70
Mission25% weightA100A100
Risk15% weightB61HigherB55
Tradability15% weightA71A92Higher
Holdings10% weightB60A76Higher
Durability5% weightB64A85Higher

Rank among International Small-Cap funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FNDC and SCZ 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 ›

SCZ ranks 2nd and FNDC 4th of 16 funds in the International Small-Cap Category.

  1. Rank 1ASCHCSchwab International Small-Cap Equity ETFScore 80
  2. Rank 2ASCZiShares MSCI EAFE Small-Cap ETFScore 79
  3. Rank 3AVSSVanguard FTSE All-World ex-US Small-Cap ETFScore 78
  4. Rank 4ADFISDimensional International Small Cap ETFScore 74
  5. Rank 4AFNDCSchwab Fundamental International Small Company Index ETFScore 74
  6. 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

SCZAiShares MSCI EAFE Small-Cap 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.

SCZ The purist's take on foreign small caps: developed markets only, outside the US and Canada. Trading since 2007, SCZ follows the MSCI EAFE Small Cap Index, so Japan, Europe and Australia are in and emerging markets stay out.

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.

SCZ The fund seeks to track an index of small-cap equities from developed markets outside the United States and Canada, providing international diversification and exposure to overseas small-cap stocks.

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.
  • SCZ A clean, literal mandate: small companies in developed markets outside the US and Canada, with nothing else slipping into the basket.ishares.com
  • It follows its stated index closely, one of the tighter implementations in the international small-cap group.
  • Live since December 2007 and now a multi-billion-dollar fund that trades actively, the kind of scale that supports steady day-to-day liquidity.
  • The 0.40% fee lands right at the median for its category, so the EAFE-specific screen doesn't carry a premium price.

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.
  • SCZ Median is not cheap here. VSS and SCHC charge 0.06% for their own ex-US small-cap baskets, several times less than SCZ's 0.40%.
  • Developed markets only. Emerging-market small caps sit outside the mandate, unlike all-world peers such as VSS.
  • The index is unhedged, so currency moves land on top of small-cap price swings, a bumpier ride than developed large-cap benchmarks.

Full FNDC profile⁠

Full SCZ profile⁠

FNDC vs SCZ 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 SCZ Cost

Overpaying SCZ vs FNDC

$192

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

  • FNDC 0.39%

    $7,898

  • SCZ 0.40%

    $8,090

$10,000
30 years

Cost over time

  • FNDC 0.39%
  • SCZ 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530SCZ $8,090FNDC $7,898

Year by year

YearFNDCSCZOverpaying
10$705$723$18
20$2,725$2,793$68
30$7,898$8,090$192

Expense ratio

  • 0.39%FNDC, cheaper
  • 0.40%SCZ
  • Middle half of International Small-Cap funds
  • Median 0.44%

FNDC 4th cheapest of 16 funds

SCZ 6th cheapest of 16 funds

FNDC vs SCZ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FNDC 3.68%, better
SCZ 3.22%
Payout (12M)
FNDC $1.80
SCZ $2.67
Last payment
FNDC $0.28
SCZ $1.17
Ex-dividend
FNDC Jun 24, 2026
SCZ Jun 15, 2026
Paid on
FNDC Jun 29, 2026
SCZ Jun 18, 2026
Frequency
FNDC Twice a year
SCZ Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

FNDCTwice a year · 18 paymentsAll FNDC payments⁠
One bar per payment. 18 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.70; Dec 12, 2018 $0.76; Jun 26, 2019 $0.16; Dec 12, 2019 $0.74; Jun 24, 2020 $0.12; Dec 10, 2020 $0.49; Jun 23, 2021 $0.21; Dec 8, 2021 $0.73; Dec 30, 2021 $0.02; Jun 22, 2022 $0.13; Dec 7, 2022 $0.49; Jun 21, 2023 $0.24; Dec 6, 2023 $0.76; Jun 26, 2024 $0.26; Dec 13, 2024 $0.97; Jun 25, 2025 $0.19; Dec 11, 2025 $1.52; Jun 24, 2026 $0.28. Use the arrow keys to read each point.$0$12017202020232026YTD
SCZTwice a year · 20 paymentsAll SCZ payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.78; Dec 19, 2017 $0.75; Jun 19, 2018 $0.77; Dec 18, 2018 $0.68; Jun 17, 2019 $0.93; Dec 16, 2019 $1.26; Jun 15, 2020 $0.54; Dec 14, 2020 $0.47; Dec 30, 2020 $0.02; Jun 10, 2021 $0.71; Dec 13, 2021 $1.39; Dec 30, 2021 $0.06; Jun 9, 2022 $1.12; Jun 7, 2023 $1.00; Dec 20, 2023 $0.83; Jun 11, 2024 $0.90; Dec 17, 2024 $1.23; Jun 16, 2025 $1.06; Dec 16, 2025 $1.50; Jun 15, 2026 $1.17. Use the arrow keys to read each point.$0$12017202020232026YTD

FNDC vs SCZ Risk

Fall from peak · 5 years

  • FNDC
  • SCZ
Oct 29, 2021 to Oct 30, 2026. Worst fall: SCZ −35.5% · Oct 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FNDC 13.3%, betterSCZ 13.6%
Return per unit of riskSharpe ratio, 3 years
FNDC 1.14, betterSCZ 1.04
Worst fallMax drawdown, 5 years
FNDC −30.8%, betterSCZ −35.5%
Market sensitivityBeta, 5 years
FNDC 1.04SCZ 1.00

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