AVEM vs FNDE: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · as of 2026-05-31
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
How similar are AVEM and FNDE?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370. They have 266 holdings in common, and by portfolio weight the two funds are 31.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 31.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 266AVEM holds 3893 · FNDE holds 370
- Weight in Shared Holdings
- AVEM 33%·FNDE 73%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 AVEM
3627 of 3893 positions (66.8% of the fund) are not held by FNDE. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVEM | FNDE |
|---|---|---|
| Information Technology | 33.8% | 20.6% |
| Financials | 10.7% | 18.1% |
| Energy | 2.7% | 10.8% |
| Materials | 3.7% | 6.7% |
| Consumer Discretionary | 5.1% | 5.3% |
| Other Sectors | 7.4% | 11.0% |
| Unclassified | 36.5% | 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 (37% of AVEM, 27% of FNDE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AVEM | -0.3% | +20.6% | +33.7% | +21.9% | +9.9% | — | 1.90% |
| 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 AVEM vs FNDE →
Shared Holdings(266)
The top 10 shared positions account for 36% of the overlap, led by TSMWF, 700 and 2454.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 4.11% | 6.48% | 4.11% |
|---|---|---|---|
 700Tencent Holdings Ltd | 1.51% | 1.51% | 1.51% |
 2454MediaTek Inc | 1.11% | 1.80% | 1.11% |
 C6TChina Construction Bank Corp | 0.88% | 2.38% | 0.88% |
 2308Delta Electronics Inc | 0.77% | 0.77% | 0.77% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.76% | 3.31% | 0.76% |
 2303United Microelectronics Corp | 0.64% | 1.15% | 0.64% |
 3037Unimicron Technology Corp | 0.52% | 0.59% | 0.52% |
 W8VBank of China Ltd | 0.49% | 1.19% | 0.49% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.49% | 1.11% | 0.49% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.45% | 1.28% | 0.45% |
 HDFCBHDFC Bank Ltd | 0.45% | 0.44% | 0.44% |
 PDDPDD Holdings Inc | 0.70% | 0.40% | 0.40% |
 2891CTBC Financial Holding Co Ltd | 0.39% | 0.41% | 0.39% |
 4958Zhen Ding Technology Holding Ltd | 0.35% | 0.34% | 0.34% |
 FUISFFubon Financial Holding Co Ltd | 0.34% | 0.34% | 0.34% |
 992Lenovo Group Ltd | 0.31% | 0.73% | 0.31% |
 PC6PetroChina Co Ltd | 0.30% | 1.25% | 0.30% |
 2885Yuanta Financial Holding Co Ltd | 0.29% | 0.31% | 0.29% |
 ARAMCSARSaudi Arabian Oil Co | 0.29% | 0.74% | 0.29% |
 GFNORTEOGrupo Financiero Banorte SAB de CV | 0.29% | 0.46% | 0.29% |
 2882Cathay Financial Holding Co Ltd | 0.32% | 0.26% | 0.26% |
 3481Innolux Corp | 0.25% | 0.81% | 0.25% |
 LTLarsen & Toubro Ltd | 0.25% | 0.28% | 0.25% |
 M4BChina Merchants Bank Co Ltd | 0.25% | 0.40% | 0.25% |
Showing the top 250 of 266 shared holdings by overlap weight.
Frequently Asked Questions
How much do AVEM and FNDE overlap?
AVEM and FNDE overlap by 31.5% of portfolio weight. They share 266 holdings (AVEM holds 3893 positions and FNDE holds 370), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and FNDE?
The two portfolios are 31.5% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of AVEM and FNDE?
The largest positions held by both funds are TSMWF, 700, 2454, C6T and 2308. Together the top 10 shared positions account for 36% of the total overlap.
What does AVEM own that FNDE doesn't?
3627 positions (66.8% of AVEM) are unique to AVEM, led by 000660, TSM and SMSNRUB. In the other direction, 104 positions (26.9% of FNDE) are unique to FNDE.