FNDEvsQEMMETF Comparison
ETF 1
FNDE
Schwab Fundamental Emerging Markets Large Company Index ETF
This fund is part of
EM Large & Mid Cap
+0.11%
VS
ETF 2
QEMM
State Street SPDR MSCI Emerging Markets StrategicFactors ETF
This fund is part of
EM Large & Mid Cap
+0.11%
Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) and State Street SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) belong to the same industry segment: EM Large & Mid Cap. FNDE's top 3 sector exposures are Finance, Technology and Energy. In contrast, QEMM's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. FNDE is more expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.3% for QEMM. FNDE is up 16.83% year-to-date (YTD) with +$750M in YTD flows. QEMM performs better with 22.88% YTD performance, and +$10M in YTD flows. Run a side-by-side ETF comparison of FNDE and QEMM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FNDE vs QEMM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNDE QEMM | +1.63%-1.02% | +2.37%-1.54% | +16.83%+22.88% | +21.60%+26.51% | +79.88%+68.08% | +69.29%+45.86% |
| Flows | FNDE QEMM | +$146M- | +$523M+$4M | +$750M+$10M | +$1.17B+$10M | +$1.99B-$3M | +$2.91B-$25M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNDE QEMM | +11.50%+16.23% | +13.47%+16.92% | +14.31%+13.51% | +14.89%+13.43% |
| Max drawdown | FNDE QEMM | -4.76%-8.34% | -9.42%-10.33% | -15.44%-15.59% | -29.29%-26.10% |
| Max drawdown duration | FNDE QEMM | 44d72d | 68d48d | 245d246d | 824d985d |
Trading data
FNDE | QEMM | |
Last sale 9/17/2026 at 7:05 PM | $42.41 | $80.92 |
| Previous close 09/16/2026 | $41.81 | $80.04 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FNDE | QEMM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 7:05 PM
Live
Closed
FNDE | QEMM | |
|---|---|---|
| Last price | $42.41 | $80.92 |
| 1D performance | +1.44% | +1.09% |
| AuM | $10.30 B | $60.45 M |
| E/R | 0.39% | 0.3% |
Characteristics
FNDE | QEMM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Schwab ETFs | State Street Investment Management |
| Benchmark | RAFI Fundamental High Liquidity Emerging Markets Index | MSCI Emerging Markets Factor Mix A-Series Index |
| N° of holdings | 291 | 743 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 15, 2013 | June 4, 2014 |
| ESG | No | No |
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Exposure
Countries
FNDE
China
30.89%
Taiwan
19.53%
Brazil
13.44%
India
9.9%
Other
26.24%
QEMM
Taiwan
25%
China
20.42%
India
13.99%
Republic of Korea
10.88%
Other
29.71%
Sectors
FNDE
Finance
28.5%
Technology
19.51%
Energy
14.68%
Non-Energy Materi.
13.23%
Consumer Non-Cycl.
7.55%
Other
16.54%
QEMM
Technology
33.14%
Finance
22.58%
Consumer Non-Cycl.
7.6%
Non-Energy Materi.
7.51%
Other
29.17%
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Diversification
FNDE
Total weight of top 15 holdings out of 15
33.48%
QEMM
Total weight of top 15 holdings out of 15
24.6%
Top 15 holdings
Data as of July 31, 2026
FNDE
Taiwan Semiconductor Manufacturing Co., Ltd.
5.78%
Alibaba Group Holding Ltd.
2.99%
Hon Hai Precision Industry Co., Ltd.
2.90%
Vale SA
2.83%
China Construction Bank Corp.
2.73%
Petróleo Brasileiro SA
2.55%
Petróleo Brasileiro SA
2.41%
Tencent Holdings Ltd.
1.99%
JD.com, Inc.
1.83%
Industrial & Commercial Bank of China Ltd.
1.68%
Bank of China Ltd.
1.39%
PetroChina Co., Ltd.
1.20%
Ping An Insurance (Group) Co. of China Ltd.
1.14%
China Petroleum & Chemical Corp.
1.05%
ASE Technology Holding Co., Ltd.
1.00%
QEMM
Taiwan Semiconductor Manufacturing Co., Ltd.
7.21%
MediaTek, Inc.
2.80%
Delta Electronics, Inc.
1.92%
Samsung Electronics Co., Ltd.
1.60%
China Construction Bank Corp.
1.48%
Industrial & Commercial Bank of China Ltd.
1.20%
Saudi Arabian Oil Co.
1.09%
Bank of China Ltd.
1.04%
SK hynix, Inc.
0.98%
Accton Technology Corp.
0.96%
PDD Holdings, Inc.
0.91%
King Slide Works Co., Ltd.
0.89%
Tata Consultancy Services Ltd.
0.86%
Tencent Holdings Ltd.
0.84%
NetEase, Inc.
0.83%
Frequently asked questions about FNDE and QEMM
How have the FNDE and QEMM ETFs performed in 2026?
As of September 16, 2026, FNDE is up 16.83% year-to-date (YTD), while QEMM has returned 22.88%. That puts QEMM better performer ahead so far this year.
Which ETF is attracting more investor money: FNDE or QEMM?
Year-to-date, the FNDE ETF saw +$750M in flows, compared to +$10M for QEMM.
Which ETF is more volatile: FNDE or QEMM?
Over the past year, FNDE had a volatility of 13.47%, while QEMM experienced 16.92%.
Which ETF is bigger: FNDE or QEMM?
As of September 16, 2026, FNDE holds $10.30 B in assets under management (AUM), while QEMM manages $60.45 M.
What sectors do the FNDE and QEMM ETFs invest in?
FNDE leans toward sectors like Finance, Technology and Energy. Meanwhile, QEMM focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the FNDE ETF and QEMM ETF?
FNDE top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Alibaba Group Holding Ltd. and Hon Hai Precision Industry Co., Ltd.. QEMM holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., MediaTek, Inc. and Delta Electronics, Inc..
Which ETF is more diversified: FNDE or QEMM?
FNDE holds 329 securities with 33.48% of its assets in the top 15. QEMM has 808 securities and a top 15 weight of 24.6%.
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