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ETFs

Schwab Fundamental U.S. Broad Market Index ETF

FNDB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 15 2013
Expense Ratio
0.25%
Type
US Equities
Fund Owner
Schwab
Volume (1m avg. daily)
$1,198,298
AUM
$524,110,784
Associated Index
Russell RAFI U.S. Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
4.10%
MSFT
Microsoft Corporation
2.44%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
2.22%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.85%
XOM
Exxon Mobil Corp.
1.84%
JPM
JPMorgan Chase & Co.
1.74%
INTC
Intel Corp.
1.37%
CVX
Chevron Corp.
1.24%
AMZN
Amazon.com Inc.
1.24%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
1.20%
Invest with FNDB

What is FNDB?

The funds goal is to track as closely as possible, before fees and expenses, the total return of the Russell RAFI US Index. The Fund can serve as part of the core or complement to market-cap indexing and active management in a diversified portfolio.

ETFs related toFNDB

ETFs correlated to FNDB include FNDX, PRF, ILCV

FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index ETF
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFNDB

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with FNDB using Composer

FAQ

FNDB is a US Equities ETF. The funds goal is to track as closely as possible, before fees and expenses, the total return of the Russell RAFI US Index. The Fund can serve as part of the core or complement to market-cap indexing and active management in a diversified portfolio.

FNDB tracks the Russell RAFI U.S. Index.

No, FNDB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FNDB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FNDB is -0.0029%. This is the percent change in the value of FNDB over the most recent 1-month period. The 3-month return on FNDB is 0.0139%. This is the percent change in the value of FNDB over the most recent 3-month period.

The standard deviation of FNDB for the past year is 0.164%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FNDB include SPHQ, SPHB, and DSI.

ETFs correlated to FNDB include FNDX, PRF, and ILCV.

ETFs that are inversely correlated to FNDB include SH, SDS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.