EPI vs FNDE: Holdings Overlap
EPIWisdomTree India Earnings Fund
WisdomTree · 568 holdings · $2.0B · as of 2026-03-31
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
Holdings snapshots are 61 days apart (EPI: 2026-03-31, FNDE: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are EPI and FNDE?
WisdomTree India Earnings Fund (EPI, by WisdomTree) holds 568 positions; Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370. They have 34 holdings in common, and by portfolio weight the two funds are 7.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 34EPI holds 568 · FNDE holds 370
- Weight in Shared Holdings
- EPI 60%·FNDE 8%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 EPI
534 of 568 positions (41.6% of the fund) are not held by FNDE. Showing the top 30 by weight.
Only in FNDE
336 of 370 positions (91.8% of the fund) are not held by EPI. Showing the top 30 by weight.
Sector Breakdown
| Sector | EPI | FNDE |
|---|---|---|
| Information Technology | 7.3% | 20.6% |
| Financials | 17.8% | 18.1% |
| Energy | 17.1% | 10.8% |
| Materials | 9.9% | 6.7% |
| Utilities | 6.5% | 1.4% |
| Other Sectors | 16.4% | 14.9% |
| Unclassified | 26.7% | 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 (26% of EPI, 27% of FNDE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EPI | +2.5% | -5.6% | -2.0% | +6.8% | +6.0% | +8.7% | — |
| 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 EPI vs FNDE →
Shared Holdings(34)
The top 10 shared positions account for 53% of the overlap, led by RELIANCE, INFO and HDFCB.
 RELIANCEReliance Industries Ltd. INR10(100%DEMAT) | 7.52% | 0.80% | 0.80% |
|---|---|---|---|
 INFOInfosys Ltd. INR5 | 3.43% | 0.45% | 0.45% |
 HDFCBHDFC Bank Ltd. INR1 | 5.05% | 0.44% | 0.44% |
 ICICIBCICICI Bank Ltd. INR2 | 5.19% | 0.42% | 0.42% |
 HNDLHindalco Industries Ltd. INR1 | 2.39% | 0.41% | 0.41% |
 TATATata Steel Ltd. INR1.00(POST SUBDIVISION) | 1.73% | 0.40% | 0.40% |
 ONGCOil & Natural Gas Corp Ltd. INR5 | 3.42% | 0.34% | 0.34% |
 SBINState Bank of India INR1 | 3.14% | 0.30% | 0.30% |
 NTPCNTPC Ltd. INR10 | 2.49% | 0.28% | 0.28% |
 LTLarsen & Toubro Ltd. INR2 | 1.21% | 0.28% | 0.28% |
 AXSBAxis Bank Ltd. INR2 | 1.57% | 0.27% | 0.27% |
 BHARTIBharti Airtel Ltd. INR5 | 1.47% | 0.25% | 0.25% |
 BPCLBharat Petroleum Corp Ltd. INR10 | 0.29% | 0.24% | 0.24% |
 TCSTata Consultancy Services Ltd. INR1 | 1.39% | 0.22% | 0.22% |
 ITCITC Ltd. INR1 | 0.52% | 0.22% | 0.22% |
 IOCLIndian Oil Corp Ltd. INR10 | 0.77% | 0.20% | 0.20% |
 COALCoal India Ltd. INR10 | 3.06% | 0.17% | 0.17% |
 HPCLHindustan Petroleum Corp Ltd. INR10 | 0.57% | 0.16% | 0.16% |
 MMMahindra & Mahindra Ltd. INR5 | 1.58% | 0.16% | 0.16% |
 PWGRPower Grid Corporation of India Ltd. INR10 | 2.28% | 0.16% | 0.16% |
 GRASIMGrasim Industries Ltd. INR2 | 1.10% | 0.15% | 0.15% |
 JSTLJSW Steel Ltd. INR1 | 0.47% | 0.15% | 0.15% |
 GAILGail India Ltd. INR10 | 0.48% | 0.14% | 0.14% |
 SAILSteel Authority of India Ltd. INR10 | 0.23% | 0.13% | 0.13% |
 VEDLVedanta Ltd. INR1 | 1.70% | 0.13% | 0.13% |
Frequently Asked Questions
How much do EPI and FNDE overlap?
EPI and FNDE overlap by 7.8% of portfolio weight. They share 34 holdings (EPI holds 568 positions and FNDE holds 370), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EPI and FNDE?
The two portfolios are 7.8% 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 EPI and FNDE?
The largest positions held by both funds are RELIANCE, INFO, HDFCB, ICICIBC and HNDL. Together the top 10 shared positions account for 53% of the total overlap.
What does EPI own that FNDE doesn't?
534 positions (41.6% of EPI) are unique to EPI, led by OINL, ADANI and BHE. In the other direction, 336 positions (91.8% of FNDE) are unique to FNDE.