ESGE vs FNDE: Holdings Overlap
ESGEiShares ESG Aware MSCI EM ETF
iShares · 307 holdings · $6.8B · as of 2026-05-31
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
How similar are ESGE and FNDE?
iShares ESG Aware MSCI EM ETF (ESGE, by iShares) holds 307 positions; Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370. They have 115 holdings in common, and by portfolio weight the two funds are 34.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 34.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 115ESGE holds 307 · FNDE holds 370
- Weight in Shared Holdings
- ESGE 53%·FNDE 51%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 ESGE
192 of 307 positions (45.9% of the fund) are not held by FNDE. Showing the top 30 by weight.
Sector Breakdown
| Sector | ESGE | FNDE |
|---|---|---|
| Information Technology | 41.7% | 20.6% |
| Financials | 14.8% | 18.1% |
| Energy | 1.6% | 10.8% |
| Materials | 2.0% | 6.7% |
| Communication Services | 6.5% | 5.3% |
| Other Sectors | 10.2% | 11.0% |
| Unclassified | 22.1% | 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 (22% of ESGE, 27% of FNDE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ESGE | +0.1% | +20.1% | +34.1% | +20.5% | +7.1% | +9.1% | 2.15% |
| 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 ESGE vs FNDE →
Shared Holdings(115)
The top 10 shared positions account for 48% of the overlap, led by TSMWF, 9988 and 700.
 TSMWFTaiwan Semiconductor Manufacturing Co. Ltd. | 14.90% | 6.48% | 6.48% |
|---|---|---|---|
 9988Alibaba Group Holding Ltd | 1.96% | 2.72% | 1.96% |
 700Tencent Holdings Ltd. | 2.64% | 1.51% | 1.51% |
 2454MediaTek Inc | 1.50% | 1.80% | 1.50% |
 C6TChina Construction Bank Corp | 1.21% | 2.38% | 1.21% |
 2303United Microelectronics Corp | 0.80% | 1.15% | 0.80% |
 2308Delta Electronics Inc | 1.43% | 0.77% | 0.77% |
 992Lenovo Group Ltd | 0.90% | 0.73% | 0.73% |
 RELIANCEReliance Industries Ltd | 0.66% | 0.80% | 0.66% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.63% | 3.31% | 0.63% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.63% | 1.11% | 0.63% |
 3711ASE Technology Holding Co Ltd | 0.56% | 1.20% | 0.56% |
 PETR3Petroleo Brasileiro SA - Petrobras | 0.54% | 2.34% | 0.54% |
 INFOInfosys Ltd | 0.51% | 0.45% | 0.45% |
 HDFCBHDFC Bank Ltd. | 0.86% | 0.44% | 0.44% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.41% | 1.28% | 0.41% |
 ICICIBCICICI Bank Ltd | 0.40% | 0.42% | 0.40% |
 GFNORTEOGrupo Financiero Banorte SAB de CV | 0.37% | 0.46% | 0.37% |
 VALValterra Platinum Ltd. | 0.35% | 0.57% | 0.35% |
 9888Baidu, Inc., A Shares | 0.34% | 0.60% | 0.34% |
 STCSARSaudi Telecom Co | 0.48% | 0.32% | 0.32% |
 9999NetEase Inc | 0.43% | 0.31% | 0.31% |
 1810Xiaomi Corp | 0.49% | 0.30% | 0.30% |
 AXSBAxis Bank Ltd | 0.32% | 0.27% | 0.27% |
 M4BChina Merchants Bank Co Ltd | 0.26% | 0.40% | 0.26% |
Frequently Asked Questions
How much do ESGE and FNDE overlap?
ESGE and FNDE overlap by 34.1% of portfolio weight. They share 115 holdings (ESGE holds 307 positions and FNDE holds 370), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ESGE and FNDE?
The two portfolios are 34.1% 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 ESGE and FNDE?
The largest positions held by both funds are TSMWF, 9988, 700, 2454 and C6T. Together the top 10 shared positions account for 48% of the total overlap.
What does ESGE own that FNDE doesn't?
192 positions (45.9% of ESGE) are unique to ESGE, led by 005930, 000660 and 005935. In the other direction, 255 positions (48.4% of FNDE) are unique to FNDE.