ACWV vs FNDE: Holdings Overlap
ACWViShares MSCI Global Min Vol Factor ETF
iShares · 412 holdings · $3.4B · as of 2026-05-31
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
How similar are ACWV and FNDE?
iShares MSCI Global Min Vol Factor ETF (ACWV, by iShares) holds 412 positions; Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370. They have 63 holdings in common, and by portfolio weight the two funds are 11.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 63ACWV holds 412 · FNDE holds 370
- Weight in Shared Holdings
- ACWV 13%·FNDE 28%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ACWV
349 of 412 positions (86.4% of the fund) are not held by FNDE. Showing the top 30 by weight.
Only in FNDE
307 of 370 positions (71.9% of the fund) are not held by ACWV. Showing the top 30 by weight.
Sector Breakdown
| Sector | ACWV | FNDE |
|---|---|---|
| Information Technology | 24.2% | 20.6% |
| Financials | 12.9% | 18.1% |
| Health Care | 12.5% | 0.1% |
| Communication Services | 11.5% | 5.3% |
| Energy | 2.9% | 10.8% |
| Other Sectors | 30.2% | 17.6% |
| Unclassified | 5.1% | 27.1% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (5% of ACWV, 27% of FNDE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ACWV | +3.3% | +7.6% | +9.5% | +11.3% | +6.1% | +7.4% | 1.87% |
| FNDE | +5.7% | +16.1% | +27.2% | +20.3% | +10.8% | +10.0% | 3.57% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ACWV vs FNDE →
Shared Holdings(63)
The top 10 shared positions account for 46% of the overlap, led by TSMWF, 2303 and W8V.
 TSMWFTaiwan Semiconductor Manufacturing Co. Ltd. | 1.22% | 6.48% | 1.22% |
|---|---|---|---|
 2303United Microelectronics Corp. TWD10 | 1.08% | 1.15% | 1.08% |
 W8VBank of China Ltd | 0.73% | 1.19% | 0.73% |
 ARAMCSARSaudi Arabian Oil Company NPV | 0.39% | 0.74% | 0.39% |
 C6TChina Construction Bank Corp. 'H'CNY1 | 0.39% | 2.38% | 0.39% |
 STCSARSaudi Telecom Company SAR10 | 0.38% | 0.32% | 0.32% |
 ICKIndustrial & Commercial Bank of China Ltd. 'H'CNY1 | 0.30% | 1.28% | 0.30% |
 PC6PetroChina Co. Ltd., Class H | 0.29% | 1.25% | 0.29% |
 EK7Agricultural Bank of China Ltd. 'H'CNY1 | 0.28% | 0.42% | 0.28% |
 PJCPICC Property & Casualty Co Ltd | 0.27% | 0.27% | 0.27% |
 BHARTIBharti Airtel Ltd. INR5 | 0.52% | 0.25% | 0.25% |
 2412Chunghwa Telecom Co Ltd | 0.35% | 0.25% | 0.25% |
 700Tencent Holdings Ltd. | 0.23% | 1.51% | 0.23% |
 CHUChina Petroleum & Chemical Corp., Class H | 0.23% | 0.95% | 0.23% |
 TCSTata Consultancy Services Ltd. INR1 | 0.33% | 0.22% | 0.22% |
 IKFChina Shenhua Energy Co Ltd. 'H'CNY1 | 0.20% | 0.41% | 0.20% |
 2388BOC Hong Kong (Holdings) Ltd. NPV | 0.20% | 0.26% | 0.20% |
 ETISAAEDEmirates Telecommunications Group Co PJSC | 0.20% | 0.24% | 0.20% |
 3034Novatek Microelectronics Corp. TWD10 | 0.19% | 0.19% | 0.19% |
 C4CBank of Communications Co Ltd | 0.17% | 0.20% | 0.17% |
 D7CChina CITIC Bank Corp Ltd. 'H'CNY1 | 0.16% | 0.25% | 0.16% |
 AMXBAmerica Movil SAB de CV | 0.15% | 0.68% | 0.15% |
 EMIRAAEDEmirates NBD Bank PJSC | 0.18% | 0.14% | 0.14% |
 NBKKWDNational Bank of Kuwait SAKP | 0.14% | 0.18% | 0.14% |
 QNBKQARQatar National Bank QPSC | 0.13% | 0.23% | 0.13% |
Frequently Asked Questions
How much do ACWV and FNDE overlap?
ACWV and FNDE overlap by 11.4% of portfolio weight. They share 63 holdings (ACWV holds 412 positions and FNDE holds 370), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ACWV and FNDE?
The two portfolios are 11.4% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of ACWV and FNDE?
The largest positions held by both funds are TSMWF, 2303, W8V, ARAMCSAR and C6T. Together the top 10 shared positions account for 46% of the total overlap.
What does ACWV own that FNDE doesn't?
349 positions (86.4% of ACWV) are unique to ACWV, led by CSCO, JNJ and DUK. In the other direction, 307 positions (71.9% of FNDE) are unique to FNDE.