FNDX Schwab Fundamental U.S. Large Company ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-05-31
Executive Summary
The quantitative backtest for FNDX (Schwab Fundamental U.S. Large Company ETF) using the Excess Return MMA CA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -16.2% (compared to the benchmark's drawdown of -37.7%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 11.6%, compared to a Buy-and-Hold benchmark return of 13.4%. 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.
FNDX Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | 10Y | Full History | ||||
|---|---|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 27.75% | 33.27% | 8.86% | 12.95% | 13.04% | 14.28% | 11.59% | 13.37% |
| Sharpe Ratio | 2.65 | 2.83 | 0.76 | 0.80 | 1.01 | 0.76 | 0.92 | 0.72 |
| Max Drawdown | -6.06% | -6.06% | -16.18% | -19.06% | -16.18% | -37.72% | -16.18% | -37.72% |
| % Time Invested | 100.0% | 100.0% | 97.7% | 100.0% | 97.7% | 100.0% | 97.8% | 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 |
|---|---|---|---|---|---|---|---|
| 2025-09-30 | Open | Open | 33.33% | $26.00 | $30.99 | 19.20% | Mark-to-Market |
| 2025-07-21 | Open | Open | 33.33% | $24.53 | $30.99 | 26.35% | Mark-to-Market |
| 2025-05-01 | Open | Open | 33.33% | $22.52 | $30.99 | 37.60% | Mark-to-Market |
| 2025-06-06 | 2025-09-30 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.78% | Interest Income |
| 2025-06-03 | 2025-07-21 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.82% | Interest Income |
| 2025-04-30 | 2025-06-06 | Completed | 33.33% | $22.27 | $23.50 | 5.56% | Signal |
| 2025-05-02 | 2025-06-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2025-04-08 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.21% | Interest Income |
| 2025-03-14 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2025-04-07 | 2025-04-30 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.64% | Interest Income |
| 2023-12-27 | 2025-04-08 | Completed | 33.33% | $19.85 | $21.51 | 8.36% | Stop |
| 2023-03-28 | 2025-04-07 | Completed | 33.33% | $16.77 | $20.38 | 21.54% | Stop |
| 2024-01-08 | 2025-03-14 | Completed | 33.33% | $19.69 | $22.68 | 15.19% | Signal |
| 2023-11-03 | 2024-01-08 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.12% | Interest Income |
| 2023-06-02 | 2023-12-27 | Interest (FLOT) | 33.33% | $1.00 | $1.04 | 3.66% | Interest Income |
| 2023-06-27 | 2023-11-03 | Completed | 33.33% | $17.82 | $17.97 | 0.82% | Signal |
| 2023-06-02 | 2023-06-27 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.55% | Interest Income |
| 2023-05-05 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2023-04-04 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.71% | Interest Income |
| 2022-12-30 | 2023-05-05 | Completed | 33.33% | $16.73 | $17.17 | 2.63% | Signal |
| 2023-01-06 | 2023-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.04% | Interest Income |
| 2022-12-02 | 2023-03-28 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.19% | Interest Income |
| 2022-07-13 | 2023-01-06 | Completed | 33.33% | $15.71 | $16.97 | 8.08% | Signal |
| 2022-12-02 | 2022-12-30 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.58% | 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 |
| 2022-09-02 | 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 |
| 2022-08-31 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2022-08-31 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2022-08-16 | 2022-08-31 | Completed | 33.33% | $17.52 | $16.64 | -5.02% | Stop |
| 2022-08-16 | 2022-08-31 | Completed | 33.33% | $17.52 | $16.64 | -5.02% | Stop |
| 2022-07-12 | 2022-08-16 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.12% | Interest Income |
| 2022-05-04 | 2022-08-16 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income |
| 2022-06-17 | 2022-07-13 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income |
| 2022-07-08 | 2022-07-12 | Completed | 33.33% | $16.10 | $15.91 | -1.18% | Signal |
| 2022-06-14 | 2022-07-08 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income |
| 2020-03-24 | 2022-06-17 | Completed | 33.33% | $8.43 | $15.50 | 83.93% | Stop |
| 2020-10-16 | 2022-06-14 | Completed | 33.33% | $12.21 | $16.04 | 31.35% | Stop |
| 2020-07-06 | 2022-05-04 | Completed | 33.33% | $11.17 | $17.32 | 54.97% | Signal |
| 2020-09-24 | 2020-10-16 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2020-08-11 | 2020-09-24 | Completed | 33.33% | $12.02 | $11.26 | -6.31% | Stop |
| 2020-06-02 | 2020-08-11 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.94% | Interest Income |
| 2020-06-02 | 2020-07-06 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.66% | Interest Income |
| 2020-05-14 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2020-03-31 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2020-03-24 | 2020-05-14 | Completed | 33.33% | $8.43 | $9.81 | 16.40% | Signal |
| 2020-03-24 | 2020-03-31 | Completed | 33.33% | $8.43 | $9.40 | 11.51% | Signal |
| 2020-03-03 | 2020-03-24 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.36% | Interest Income |
| 2020-03-03 | 2020-03-24 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.36% | Interest Income |
| 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 |
| 2020-03-02 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2019-06-12 | 2020-03-02 | Completed | 33.33% | $11.06 | $11.16 | 0.88% | Stop |
| 2019-04-01 | 2020-03-02 | Completed | 33.33% | $11.01 | $11.16 | 1.28% | Stop |
| 2019-01-16 | 2020-03-02 | Completed | 33.33% | $10.17 | $11.16 | 9.71% | Stop |
| 2019-03-04 | 2019-06-12 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.94% | Interest Income |
| 2019-03-04 | 2019-04-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.35% | Interest Income |
| 2019-02-06 | 2019-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.18% | Interest Income |
| 2018-12-07 | 2019-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.59% | Interest Income |
| 2019-01-11 | 2019-02-06 | Completed | 33.33% | $10.08 | $10.62 | 5.38% | Signal |
| 2018-12-21 | 2019-01-16 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.18% | Interest Income |
| 2018-12-18 | 2019-01-11 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.17% | Interest Income |
| 2016-09-13 | 2018-12-21 | Completed | 33.33% | $8.38 | $9.61 | 14.62% | Stop |
| 2016-06-10 | 2018-12-18 | Completed | 33.33% | $8.22 | $9.99 | 21.54% | Stop |
| 2018-06-12 | 2018-12-07 | Completed | 33.33% | $10.88 | $10.51 | -3.38% | Signal |
| 2018-05-02 | 2018-06-12 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.17% | Interest Income |
| 2016-04-25 | 2018-05-02 | Completed | 33.33% | $8.14 | $10.32 | 26.87% | Signal |
| 2016-04-29 | 2016-09-13 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.90% | Interest Income |
| 2016-04-04 | 2016-06-10 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.54% | Interest Income |
| 2015-08-11 | 2016-04-29 | Completed | 33.33% | $7.93 | $8.11 | 2.31% | Signal |
| 2016-04-04 | 2016-04-25 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.24% | 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 |
| 2016-02-17 | 2016-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.04% | Interest Income |
| 2016-02-02 | 2016-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2016-02-12 | 2016-02-17 | Completed | 33.33% | $7.12 | $7.36 | 3.42% | Signal |
| 2016-02-02 | 2016-02-12 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2016-01-21 | 2016-02-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income |
| 2015-11-03 | 2016-02-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income |
| 2015-10-08 | 2016-01-21 | Completed | 33.33% | $7.67 | $7.06 | -7.97% | Stop |
| 2015-10-02 | 2015-11-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.06% | Interest Income |
| 2015-09-02 | 2015-10-08 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2015-09-17 | 2015-10-02 | Completed | 33.33% | $7.58 | $7.26 | -4.25% | Signal |
| 2015-09-02 | 2015-09-17 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2015-08-25 | 2015-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2015-08-07 | 2015-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2015-08-11 | 2015-08-25 | Completed | 33.33% | $7.93 | $7.36 | -7.13% | Stop |
| 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 |