AVEM vs FNDF: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · as of 2026-05-31
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
How similar are AVEM and FNDF?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888. They have 54 holdings in common, and by portfolio weight the two funds are 4.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 54AVEM holds 3893 · FNDF holds 888
- Weight in Shared Holdings
- AVEM 13%·FNDF 6%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
3839 of 3893 positions (86.5% of the fund) are not held by FNDF. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVEM | FNDF |
|---|---|---|
| Information Technology | 33.8% | 12.3% |
| Financials | 10.7% | 15.8% |
| Industrials | 2.0% | 11.4% |
| Energy | 2.7% | 10.0% |
| Materials | 3.7% | 9.5% |
| Other Sectors | 10.5% | 27.2% |
| Unclassified | 36.5% | 13.1% |
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, 13% of FNDF).
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% |
| FNDF | +4.2% | +22.8% | +39.1% | +23.1% | +14.5% | +12.0% | 2.97% |
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 FNDF →
Shared Holdings(54)
The top 10 shared positions account for 73% of the overlap, led by 000660, 005380 and 009150.
 000660SK Hynix Inc | 7.83% | 1.37% | 1.37% |
|---|---|---|---|
 005380Hyundai Motor Co | 0.70% | 0.50% | 0.50% |
 009150Samsung Electro-Mechanics Co Ltd | 0.48% | 0.40% | 0.40% |
 066570LG Electronics Inc | 0.38% | 0.41% | 0.38% |
 000270Kia Corp | 0.34% | 0.25% | 0.25% |
 011070LG Innotek Co Ltd | 0.29% | 0.21% | 0.21% |
 PKNOrlen SA PLN1.25 | 0.17% | 0.20% | 0.17% |
 051910LG Chem Ltd | 0.13% | 0.12% | 0.12% |
 012330Hyundai Mobis Co Ltd | 0.10% | 0.27% | 0.10% |
 086790Hana Financial Group Inc | 0.33% | 0.09% | 0.09% |
 034730SK Inc | 0.07% | 0.31% | 0.07% |
 KGHKGHM Polska Miedz SA | 0.10% | 0.07% | 0.07% |
 316140Woori Financial Group Inc | 0.21% | 0.07% | 0.07% |
 006400Samsung SDI Co Ltd | 0.07% | 0.13% | 0.07% |
 148Kingboard Holdings Ltd | 0.10% | 0.06% | 0.06% |
 AUAnglogold Ashanti Plc | 0.52% | 0.05% | 0.05% |
 267250HD Hyundai Co Ltd | 0.19% | 0.05% | 0.05% |
 PZUPowszechny Zaklad Ubezpieczen SA | 0.05% | 0.05% | 0.05% |
 086280Hyundai Glovis Co Ltd | 0.13% | 0.05% | 0.05% |
 034020Doosan Enerbility Co Ltd | 0.17% | 0.04% | 0.04% |
 028260Samsung C&T Corp | 0.04% | 0.10% | 0.04% |
 010950S-Oil Corp | 0.06% | 0.04% | 0.04% |
 035420NAVER Corp | 0.05% | 0.04% | 0.04% |
 A004020Hyundai Steel Co | 0.04% | 0.06% | 0.04% |
 000810Samsung Fire & Marine Insurance Co Ltd | 0.17% | 0.04% | 0.04% |
Frequently Asked Questions
How much do AVEM and FNDF overlap?
AVEM and FNDF overlap by 4.9% of portfolio weight. They share 54 holdings (AVEM holds 3893 positions and FNDF holds 888), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and FNDF?
The two portfolios are 4.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of AVEM and FNDF?
The largest positions held by both funds are 000660, 005380, 009150, 066570 and 000270. Together the top 10 shared positions account for 73% of the total overlap.
What does AVEM own that FNDF doesn't?
3839 positions (86.5% of AVEM) are unique to AVEM, led by TSM, SMSNRUB and TSMWF. In the other direction, 834 positions (93.4% of FNDF) are unique to FNDF.