FNDF
Schwab Fundamental International Equity ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-07-26
Executive Summary
The quantitative backtest for FNDF (Schwab Fundamental International Equity ETF) using the Excess Return MMA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -20.7% (compared to the benchmark's drawdown of -40.1%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 7.4%, compared to a Buy-and-Hold benchmark return of 9.6%. The strategy executed 29 total trades.
* Excess Return MMA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility.
* Excess Return MMA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility.
📊 Mathematical Model
Excess Return MMA Active
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA
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 | 32.72% | 32.72% | 8.49% | 13.83% | 8.91% | 11.65% | 7.39% | 9.55% |
| Sharpe Ratio | 1.77 | 1.77 | 0.67 | 0.80 | 0.76 | 0.63 | 0.66 | 0.51 |
| Max Drawdown | -10.60% | -10.60% | -20.66% | -25.56% | -20.66% | -40.14% | -20.66% | -40.14% |
| % Time Invested | 100.0% | 100.0% | 94.5% | 100.0% | 93.0% | 100.0% | 89.6% | 100.0% |
| Trades / Year | 0.0 | 0.0 | 2.0 | 0.0 | 2.3 | 0.0 | 2.6 | 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 or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason | |
|---|---|---|---|---|---|---|---|---|
| 🔒 Active Positions & Recent Execution Signals Hidden Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription. Upgrade to Pro to Unlock | ||||||||
| 2025-01-17 | 2025-05-27 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.49% | Interest Income | |
| 2025-04-08 | 2025-05-01 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2025-03-26 | 2025-04-08 | Completed | 33.33% | $35.56 | $32.24 | -9.39% | Stop | |
| 2024-12-16 | 2025-03-26 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.14% | Interest Income | |
| 2023-03-17 | 2025-01-17 | Completed | 33.33% | $26.44 | $32.31 | 22.11% | Signal | |
| 2024-01-11 | 2024-12-16 | Completed | 33.33% | $30.96 | $32.64 | 5.40% | Signal | |
| 2023-10-18 | 2024-01-11 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.24% | Interest Income | |
| 2022-12-28 | 2023-10-18 | Completed | 33.33% | $26.18 | $28.37 | 8.34% | Signal | |
| 2022-10-12 | 2023-10-17 | Interest (CASH) | 33.33% | $1.00 | $1.05 | 5.05% | Interest Income | |
| 2022-06-13 | 2023-03-17 | Interest (CASH) | 33.33% | $1.00 | $1.03 | 2.78% | Interest Income | |
| 2022-06-13 | 2022-12-28 | Interest (CASH) | 33.33% | $1.00 | $1.02 | 1.76% | Interest Income | |
| 2022-07-13 | 2022-10-12 | Completed | 33.33% | $23.78 | $21.99 | -7.57% | Signal | |
| 2022-06-17 | 2022-07-13 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.12% | Interest Income | |
| 2020-11-11 | 2022-06-17 | Completed | 33.33% | $22.54 | $24.84 | 10.12% | Stop | |
| 2022-05-31 | 2022-06-13 | Completed | 33.33% | $27.46 | $25.48 | -7.29% | Stop | |
| 2022-05-31 | 2022-06-13 | Completed | 33.33% | $27.46 | $25.48 | -7.29% | Stop | |
| 2022-04-14 | 2022-05-31 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income | |
| 2022-04-12 | 2022-05-31 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.12% | Interest Income | |
| 2022-03-30 | 2022-04-14 | Completed | 33.33% | $28.30 | $27.61 | -2.49% | Signal | |
| 2022-03-30 | 2022-04-12 | Completed | 33.33% | $28.30 | $27.46 | -3.01% | Signal | |
| 2022-03-08 | 2022-03-30 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income | |
| 2022-03-08 | 2022-03-30 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income | |
| 2021-11-22 | 2022-03-08 | Completed | 33.33% | $27.93 | $25.96 | -7.10% | Stop | |
| 2020-10-27 | 2022-03-08 | Completed | 33.33% | $20.44 | $25.96 | 26.97% | Stop | |
| 2021-09-23 | 2021-11-22 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-07-09 | 2021-09-23 | Completed | 33.33% | $19.79 | $27.99 | 41.39% | Signal | |
| 2020-02-28 | 2020-11-11 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income | |
| 2020-04-20 | 2020-10-27 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income | |
| 2020-03-02 | 2020-07-09 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income | |
| 2020-03-24 | 2020-04-20 | Completed | 33.33% | $15.98 | $17.39 | 8.78% | Signal | |
| 2020-03-02 | 2020-03-24 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2019-09-13 | 2020-03-02 | Completed | 33.33% | $22.22 | $20.65 | -7.12% | Stop | |
| 2019-07-15 | 2020-03-02 | Completed | 33.33% | $22.23 | $20.65 | -7.19% | Stop | |
| 2019-09-13 | 2020-02-28 | Completed | 33.33% | $22.22 | $20.40 | -8.22% | Stop | |
| 2019-07-24 | 2019-09-13 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.28% | Interest Income | |
| 2019-03-04 | 2019-09-13 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.20% | Interest Income | |
| 2019-03-28 | 2019-07-24 | Completed | 33.33% | $21.71 | $22.14 | 1.90% | Signal | |
| 2018-10-12 | 2019-07-15 | Interest (CASH) | 33.33% | $1.00 | $1.02 | 1.76% | Interest Income | |
| 2018-10-12 | 2019-03-28 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.07% | Interest Income | |
| 2018-11-16 | 2019-03-04 | Completed | 33.33% | $21.08 | $21.83 | 3.50% | Signal | |
| 2018-10-25 | 2018-11-16 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income | |
| 2016-12-08 | 2018-10-25 | Completed | 33.33% | $18.88 | $20.85 | 10.38% | Stop | |
| 2018-09-19 | 2018-10-12 | Completed | 33.33% | $22.76 | $21.72 | -4.61% | Stop | |
| 2018-09-19 | 2018-10-12 | Completed | 33.33% | $22.76 | $21.72 | -4.61% | Stop | |
| 2018-08-17 | 2018-09-19 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.18% | Interest Income | |
| 2018-04-30 | 2018-09-19 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.78% | Interest Income | |
| 2016-08-05 | 2018-08-17 | Completed | 33.33% | $17.70 | $22.16 | 25.11% | Signal | |
| 2016-05-05 | 2018-04-30 | Completed | 33.33% | $17.36 | $23.47 | 35.14% | Signal | |
| 2015-12-09 | 2016-12-08 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income | |
| 2015-10-21 | 2016-08-05 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.20% | Interest Income | |
| 2015-12-09 | 2016-05-05 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income | |
| 2015-10-09 | 2015-12-09 | Completed | 33.33% | $18.36 | $17.42 | -5.18% | Stop | |
| 2015-10-09 | 2015-12-09 | Completed | 33.33% | $18.36 | $17.42 | -5.18% | Stop | |
| 2015-10-19 | 2015-10-21 | Completed | 33.33% | $18.27 | $18.36 | 0.46% | Signal | |
| 2015-09-25 | 2015-10-19 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2015-08-17 | 2015-10-09 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2015-08-07 | 2015-10-09 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2015-08-11 | 2015-09-25 | Completed | 33.33% | $19.29 | $17.08 | -11.48% | Stop | |
| 2015-08-11 | 2015-08-17 | Completed | 33.33% | $19.29 | $18.96 | -1.75% | Signal | |
| 2015-08-07 | 2015-08-11 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2015-08-07 | 2015-08-11 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |