---
title: "The anti-Nvidia ETF: Why contrarians are buying the stocks nobody wants"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293786995.md"
description: "The Schwab Fundamental International Equity ETF (FNDF) employs a contrarian, fundamental-weighting strategy that excludes market capitalization, effectively acting as an 'anti-Nvidia' fund by underweighting high-momentum US tech stocks. Instead, it focuses on international developed markets, weighting companies by sales, cash flow, and dividends. Over the past year, FNDF outperformed the S&P 500 and traditional international benchmarks, though it lags over longer periods during tech-led rallies. The fund suits investors seeking diversification away from US mega-cap growth."
datetime: "2026-07-24T18:26:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293786995.md)
  - [en](https://longbridge.com/en/news/293786995.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293786995.md)
generator: "portal-rs"
---

# The anti-Nvidia ETF: Why contrarians are buying the stocks nobody wants

Quick ReadFNDF weights stocks by sales, cash flow, and dividends rather than price, so Nvidia-style momentum runs automatically shrink a stock's allocation at rebalance.FNDF's 32% one-year gain doubled SPY and EFA, but SPY's decade-long tech rally still gives cap-weighting the edge over ten years.Currency risk and lumpy semi-annual payouts make FND...

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**