EEM vs FNDC: Holdings Overlap
EEMiShares MSCI Emerging Markets ETF
iShares · 1246 holdings · $30.2B · as of 2026-05-31
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
How similar are EEM and FNDC?
iShares MSCI Emerging Markets ETF (EEM, by iShares) holds 1246 positions; Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580. They have 45 holdings in common, and by portfolio weight the two funds are 1.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 45EEM holds 1246 · FNDC holds 1580
- Weight in Shared Holdings
- EEM 3%·FNDC 3%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 EEM
1201 of 1246 positions (97.2% of the fund) are not held by FNDC. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EEM | -0.1% | +20.6% | +35.3% | +20.3% | +7.3% | +8.4% | 1.70% |
| FNDC | +4.3% | +15.1% | +22.5% | +18.2% | +8.5% | +9.0% | 3.53% |
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 EEM vs FNDC →
Shared Holdings(45)
The top 10 shared positions account for 46% of the overlap, led by 032830, 068270 and 010120.
 032830Samsung Life Insurance Co Ltd | 0.16% | 0.37% | 0.16% |
|---|---|---|---|
 068270Celltrion Inc | 0.15% | 0.10% | 0.10% |
 010120LS Electric Co Ltd | 0.09% | 0.11% | 0.09% |
 009540HD Korea Shipbuilding & Offshore Engineering Co Ltd | 0.09% | 0.15% | 0.09% |
 000150Doosan Co Ltd | 0.08% | 0.25% | 0.08% |
 012450Hanwha Aerospace Co Ltd | 0.20% | 0.07% | 0.07% |
 086520Ecopro Co Ltd | 0.07% | 0.07% | 0.07% |
 373220LG Energy Solution Ltd | 0.11% | 0.07% | 0.07% |
 035720Kakao Corp | 0.07% | 0.08% | 0.07% |
 006800Mirae Asset Securities Co Ltd | 0.06% | 0.15% | 0.06% |
 EBPSantander Bank Polska SA | 0.05% | 0.11% | 0.05% |
 LPPLPP SA | 0.05% | 0.11% | 0.05% |
 010140Samsung Heavy Industries Co Ltd | 0.10% | 0.05% | 0.05% |
 071050Korea Investment Holdings Co Ltd | 0.05% | 0.14% | 0.05% |
 1177Sino Biopharmaceutical Ltd | 0.05% | 0.09% | 0.05% |
 047810Korea Aerospace Industries Ltd | 0.06% | 0.05% | 0.05% |
 ALEWAllegro.eu SA | 0.06% | 0.05% | 0.05% |
 138040Meritz Financial Group Inc | 0.04% | 0.10% | 0.04% |
 MBKmBank SA | 0.04% | 0.05% | 0.04% |
 247540Ecopro BM Co Ltd | 0.05% | 0.04% | 0.04% |
 259960Krafton Inc | 0.04% | 0.07% | 0.04% |
 CGGChina Gold International Resources Corp Ltd | 0.04% | 0.07% | 0.04% |
 DNPDino Polska SA | 0.03% | 0.05% | 0.03% |
 064350Hyundai Rotem Co Ltd | 0.08% | 0.03% | 0.03% |
 024110Industrial Bank of Korea | 0.03% | 0.11% | 0.03% |
Frequently Asked Questions
How much do EEM and FNDC overlap?
EEM and FNDC overlap by 1.9% of portfolio weight. They share 45 holdings (EEM holds 1246 positions and FNDC holds 1580), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EEM and FNDC?
The two portfolios are 1.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EEM and FNDC?
The largest positions held by both funds are 032830, 068270, 010120, 009540 and 000150. Together the top 10 shared positions account for 46% of the total overlap.
What does EEM own that FNDC doesn't?
1201 positions (97.2% of EEM) are unique to EEM, led by TSMWF, 005930 and 000660. In the other direction, 1535 positions (95.8% of FNDC) are unique to FNDC.