FNDF Schwab Fundamental International Equity ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-05-31
Executive Summary
The quantitative backtest for FNDF (Schwab Fundamental International Equity ETF) using the Excess Return MMA CA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -20.8% (compared to the benchmark's drawdown of -40.1%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 8.0%, compared to a Buy-and-Hold benchmark return of 9.9%. The strategy executed 29 total trades.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
📊 Mathematical Model
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA Active
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
FNDF Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | 10Y | Full History | ||||
|---|---|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 44.38% | 44.38% | 8.17% | 13.44% | 9.45% | 11.89% | 8.02% | 9.91% |
| Sharpe Ratio | 2.45 | 2.45 | 0.65 | 0.78 | 0.81 | 0.63 | 0.72 | 0.53 |
| Max Drawdown | -10.60% | -10.60% | -20.80% | -25.56% | -20.80% | -40.14% | -20.80% | -40.14% |
| % Time Invested | 100.0% | 100.0% | 94.5% | 100.0% | 93.0% | 100.0% | 89.4% | 100.0% |
| Trades / Year | 0.0 | 0.0 | 2.0 | 0.0 | 2.3 | 0.0 | 2.7 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open / Mark-to-Market exit denotes a position currently held active, valued at the latest price. Interest entries record cash yields accrued during out-of-market periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason |
|---|---|---|---|---|---|---|---|
| 2025-05-27 | Open | Open | 33.33% | $37.77 | $54.38 | 43.97% | Mark-to-Market |
| 2025-05-01 | Open | Open | 33.33% | $36.00 | $54.38 | 51.04% | Mark-to-Market |
| 2023-10-17 | Open | Open | 33.33% | $28.45 | $54.38 | 91.13% | Mark-to-Market |
| 2025-05-02 | 2025-05-27 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.25% | Interest Income |
| 2025-04-08 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.21% | Interest Income |
| 2025-01-17 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.01% | Interest Income |
| 2025-03-26 | 2025-04-08 | Completed | 33.33% | $35.76 | $32.42 | -9.34% | Stop |
| 2024-12-16 | 2025-03-26 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.32% | Interest Income |
| 2023-03-17 | 2025-01-17 | Completed | 33.33% | $26.59 | $32.49 | 22.17% | Signal |
| 2024-01-11 | 2024-12-16 | Completed | 33.33% | $31.13 | $32.83 | 5.45% | Signal |
| 2023-10-18 | 2024-01-11 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.51% | Interest Income |
| 2022-12-28 | 2023-10-18 | Completed | 33.33% | $26.32 | $28.53 | 8.39% | Signal |
| 2023-06-02 | 2023-10-17 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 2.40% | Interest Income |
| 2023-04-04 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.71% | Interest Income |
| 2022-12-02 | 2023-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.87% | Interest Income |
| 2022-12-02 | 2023-03-17 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.71% | Interest Income |
| 2022-12-02 | 2022-12-28 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.48% | Interest Income |
| 2022-10-12 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.46% | Interest Income |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income |
| 2022-07-13 | 2022-10-12 | Completed | 33.33% | $23.91 | $22.11 | -7.53% | Signal |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2022-06-13 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.33% | Interest Income |
| 2022-06-13 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.33% | Interest Income |
| 2022-06-17 | 2022-07-13 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income |
| 2020-11-11 | 2022-06-17 | Completed | 33.33% | $22.67 | $24.98 | 10.18% | Stop |
| 2022-05-31 | 2022-06-13 | Completed | 33.33% | $27.62 | $25.62 | -7.24% | Stop |
| 2022-05-31 | 2022-06-13 | Completed | 33.33% | $27.62 | $25.62 | -7.24% | Stop |
| 2022-04-14 | 2022-05-31 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2022-04-12 | 2022-05-31 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2022-03-30 | 2022-04-14 | Completed | 33.33% | $28.46 | $27.77 | -2.44% | Signal |
| 2022-03-30 | 2022-04-12 | Completed | 33.33% | $28.46 | $27.62 | -2.96% | Signal |
| 2022-03-08 | 2022-03-30 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2022-03-08 | 2022-03-30 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2021-11-22 | 2022-03-08 | Completed | 33.33% | $28.09 | $26.11 | -7.05% | Stop |
| 2020-10-27 | 2022-03-08 | Completed | 33.33% | $20.55 | $26.11 | 27.04% | Stop |
| 2021-11-02 | 2021-11-22 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2021-09-23 | 2021-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2020-07-09 | 2021-09-23 | Completed | 33.33% | $19.90 | $28.15 | 41.46% | Signal |
| 2020-11-03 | 2020-11-11 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2020-06-02 | 2020-11-02 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.09% | Interest Income |
| 2020-06-02 | 2020-10-27 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.11% | Interest Income |
| 2020-06-02 | 2020-07-09 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.66% | Interest Income |
| 2020-04-20 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2020-03-03 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2020-03-03 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2020-03-24 | 2020-04-20 | Completed | 33.33% | $16.07 | $17.49 | 8.84% | Signal |
| 2020-03-03 | 2020-03-24 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.36% | Interest Income |
| 2020-03-02 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2020-03-02 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2020-02-28 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.09% | Interest Income |
| 2019-09-13 | 2020-03-02 | Completed | 33.33% | $22.34 | $20.76 | -7.08% | Stop |
| 2019-07-15 | 2020-03-02 | Completed | 33.33% | $22.36 | $20.76 | -7.14% | Stop |
| 2019-09-13 | 2020-02-28 | Completed | 33.33% | $22.34 | $20.52 | -8.18% | Stop |
| 2019-07-24 | 2019-09-13 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2019-03-04 | 2019-09-13 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.82% | Interest Income |
| 2019-03-28 | 2019-07-24 | Completed | 33.33% | $21.84 | $22.26 | 1.95% | Signal |
| 2019-03-04 | 2019-07-15 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.26% | Interest Income |
| 2019-03-04 | 2019-03-28 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.26% | Interest Income |
| 2018-11-16 | 2019-03-04 | Completed | 33.33% | $21.20 | $21.96 | 3.56% | Signal |
| 2018-12-04 | 2019-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.61% | Interest Income |
| 2018-12-04 | 2019-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.61% | Interest Income |
| 2018-11-02 | 2018-12-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.16% | Interest Income |
| 2018-11-02 | 2018-12-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.16% | Interest Income |
| 2018-11-02 | 2018-11-16 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.08% | Interest Income |
| 2018-10-25 | 2018-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.09% | Interest Income |
| 2018-10-12 | 2018-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2018-10-12 | 2018-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2016-12-08 | 2018-10-25 | Completed | 33.33% | $18.98 | $20.96 | 10.43% | Stop |
| 2018-09-19 | 2018-10-12 | Completed | 33.33% | $22.88 | $21.84 | -4.57% | Stop |
| 2018-09-19 | 2018-10-12 | Completed | 33.33% | $22.88 | $21.84 | -4.57% | Stop |
| 2018-08-17 | 2018-09-19 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.28% | Interest Income |
| 2018-04-30 | 2018-09-19 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.00% | Interest Income |
| 2016-08-05 | 2018-08-17 | Completed | 33.33% | $17.80 | $22.29 | 25.17% | Signal |
| 2016-05-05 | 2018-04-30 | Completed | 33.33% | $17.46 | $23.61 | 35.21% | Signal |
| 2016-11-02 | 2016-12-08 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.18% | Interest Income |
| 2016-10-04 | 2016-11-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2016-04-04 | 2016-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.17% | Interest Income |
| 2016-04-04 | 2016-08-05 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.76% | Interest Income |
| 2016-04-04 | 2016-05-05 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.33% | Interest Income |
| 2016-03-02 | 2016-04-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2016-03-02 | 2016-04-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2016-03-02 | 2016-04-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2016-02-02 | 2016-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2016-02-02 | 2016-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2016-02-02 | 2016-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2015-12-09 | 2016-02-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.07% | Interest Income |
| 2015-12-09 | 2016-02-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.07% | Interest Income |
| 2015-11-03 | 2016-02-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income |
| 2015-10-09 | 2015-12-09 | Completed | 33.33% | $18.46 | $17.51 | -5.13% | Stop |
| 2015-10-09 | 2015-12-09 | Completed | 33.33% | $18.46 | $17.51 | -5.13% | Stop |
| 2015-10-21 | 2015-11-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.06% | Interest Income |
| 2015-10-19 | 2015-10-21 | Completed | 33.33% | $18.37 | $18.46 | 0.51% | Signal |
| 2015-09-25 | 2015-10-19 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2015-09-02 | 2015-10-09 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2015-09-02 | 2015-10-09 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2015-08-11 | 2015-09-25 | Completed | 33.33% | $19.39 | $17.18 | -11.43% | Stop |
| 2015-08-17 | 2015-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2015-08-07 | 2015-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2015-08-11 | 2015-08-17 | Completed | 33.33% | $19.39 | $19.06 | -1.70% | Signal |
| 2015-08-07 | 2015-08-11 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2015-08-07 | 2015-08-11 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |