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 Moving Average (50/200)* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -25.1% (compared to the benchmark's drawdown of -40.1%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 7.9%, compared to a Buy-and-Hold benchmark return of 9.6%. The strategy executed 11 total trades.
* Moving Average (50/200): Classic Moving Average Crossover (e.g., 50-day crossing 200-day). The foundational basis of research-grade trend following.
* Moving Average (50/200): Classic Moving Average Crossover (e.g., 50-day crossing 200-day). The foundational basis of research-grade trend following.
📊 Mathematical Model
Excess Return MMA
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) Active
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
🎯 Investment Objective
🛡️ Long-Term Investing Active
Ideal for wealth preservation and multi-year horizons. Optimized for low turnover and tax efficiency.
⚔️ Tactical Trading
Ideal for active capital rotation and momentum-first accounts. Optimized for high sensitivity to price shifts.
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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% | 11.65% | 13.83% | 10.01% | 11.65% | 7.92% | 9.55% |
| Sharpe Ratio | 1.77 | 1.77 | 0.81 | 0.80 | 0.76 | 0.63 | 0.60 | 0.51 |
| Max Drawdown | -10.60% | -10.60% | -19.09% | -25.56% | -25.15% | -40.14% | -25.15% | -40.14% |
| % Time Invested | 100.0% | 100.0% | 78.3% | 100.0% | 76.0% | 100.0% | 73.0% | 100.0% |
| Trades / Year | 0.0 | 0.0 | 0.8 | 0.0 | 0.8 | 0.0 | 1.0 | 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 | ||||||||
| 2024-12-19 | 2025-03-12 | Interest (CASH) | 100% | $1.00 | $1.01 | 0.91% | Interest Income | |
| 2023-12-08 | 2024-12-19 | Completed | 100% | $29.82 | $31.85 | 6.74% | Signal | |
| 2023-11-14 | 2023-12-08 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.36% | Interest Income | |
| 2023-01-05 | 2023-11-14 | Completed | 100% | $26.18 | $29.01 | 10.78% | Signal | |
| 2022-06-13 | 2023-01-05 | Interest (CASH) | 100% | $1.00 | $1.02 | 1.85% | Interest Income | |
| 2022-05-31 | 2022-06-13 | Completed | 100% | $27.46 | $25.48 | -7.29% | Stop | |
| 2022-03-31 | 2022-05-31 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.14% | Interest Income | |
| 2022-02-07 | 2022-03-31 | Completed | 100% | $28.84 | $28.11 | -2.57% | Signal | |
| 2022-01-11 | 2022-02-07 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-09-09 | 2022-01-11 | Completed | 100% | $20.79 | $28.84 | 38.66% | Signal | |
| 2020-03-02 | 2020-09-09 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.08% | Interest Income | |
| 2019-10-29 | 2020-03-02 | Completed | 100% | $22.67 | $20.65 | -8.98% | Stop | |
| 2019-09-19 | 2019-10-29 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.19% | Interest Income | |
| 2019-04-16 | 2019-09-19 | Completed | 100% | $22.50 | $22.19 | -1.40% | Signal | |
| 2018-10-12 | 2019-04-16 | Interest (CASH) | 100% | $1.00 | $1.01 | 1.20% | Interest Income | |
| 2018-09-19 | 2018-10-12 | Completed | 100% | $22.76 | $21.72 | -4.61% | Stop | |
| 2018-07-19 | 2018-09-19 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.35% | Interest Income | |
| 2016-05-19 | 2018-07-19 | Completed | 100% | $17.20 | $22.69 | 31.87% | Signal | |
| 2015-12-09 | 2016-05-19 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.12% | Interest Income | |
| 2015-10-09 | 2015-12-09 | Completed | 100% | $18.36 | $17.42 | -5.18% | Stop | |
| 2015-08-26 | 2015-10-09 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2015-08-11 | 2015-08-26 | Completed | 100% | $19.29 | $17.67 | -8.41% | Signal | |
| 2015-08-07 | 2015-08-11 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.00% | Interest Income | |