EWJ vs FNDC: Holdings Overlap
iShares · 179 holdings · $22.4B · as of 2026-05-31
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
How similar are EWJ and FNDC?
iShares MSCI Japan ETF (EWJ, by iShares) holds 179 positions; Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580. They have 29 holdings in common, and by portfolio weight the two funds are 2.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 29EWJ holds 179 · FNDC holds 1580
- Weight in Shared Holdings
- EWJ 5%·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 EWJ
150 of 179 positions (94.6% of the fund) are not held by FNDC. Showing the top 30 by weight.
Only in FNDC
1551 of 1580 positions (96.4% of the fund) are not held by EWJ. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWJ | +4.1% | +20.7% | +31.9% | +19.3% | +10.0% | +9.3% | 3.68% |
| 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 EWJ vs FNDC →
Shared Holdings(29)
The top 10 shared positions account for 65% of the overlap, led by 4062, 7735 and 7186.
 4062Ibiden Co Ltd. NPV | 0.66% | 0.69% | 0.66% |
|---|---|---|---|
 7735Screen Holdings Co Ltd. NPV | 0.22% | 0.17% | 0.17% |
 7186Yokohama Financial Group Inc | 0.20% | 0.15% | 0.15% |
 7936Asics Corp NPV | 0.41% | 0.14% | 0.14% |
 8331Chiba Bank Ltd/The | 0.16% | 0.13% | 0.13% |
 8697Japan Exchange Group, Inc. | 0.23% | 0.13% | 0.13% |
 4612Nippon Paint Holdings Co Ltd. NPV | 0.12% | 0.13% | 0.12% |
 9766Konami Group Corp. NPV | 0.23% | 0.11% | 0.11% |
 3003Hulic Co Ltd | 0.09% | 0.13% | 0.09% |
 4661Oriental Land Co Ltd/Japan | 0.30% | 0.09% | 0.09% |
 8951Nippon Building Fund Inc | 0.12% | 0.08% | 0.08% |
 6920Lasertec Corp. NPV | 0.39% | 0.08% | 0.08% |
 3659Nexon Co Ltd. NPV | 0.10% | 0.08% | 0.08% |
 9435Hikari Tsushin Inc | 0.08% | 0.08% | 0.08% |
 4151Kyowa Kirin Co Ltd | 0.07% | 0.10% | 0.07% |
 7550Zensho Holdings Co., Ltd. NPV | 0.09% | 0.06% | 0.06% |
 8473SBI Holdings Inc NPV | 0.20% | 0.06% | 0.06% |
 2413M3, Inc. NPV | 0.08% | 0.05% | 0.05% |
 9602Toho Co Ltd/Tokyo | 0.08% | 0.05% | 0.05% |
 4684Obic Co. Ltd. | 0.16% | 0.05% | 0.05% |
 9024Seibu Holdings Inc | 0.07% | 0.05% | 0.05% |
 9697Capcom Co Ltd. NPV | 0.13% | 0.05% | 0.05% |
 3092ZOZO Inc | 0.05% | 0.03% | 0.03% |
 8729Sony Financial Group, Inc. | 0.10% | 0.03% | 0.03% |
 4716Oracle Corp Japan | 0.04% | 0.03% | 0.03% |
Frequently Asked Questions
How much do EWJ and FNDC overlap?
EWJ and FNDC overlap by 2.7% of portfolio weight. They share 29 holdings (EWJ holds 179 positions and FNDC holds 1580), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWJ and FNDC?
The two portfolios are 2.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EWJ and FNDC?
The largest positions held by both funds are 4062, 7735, 7186, 7936 and 8331. Together the top 10 shared positions account for 65% of the total overlap.
What does EWJ own that FNDC doesn't?
150 positions (94.6% of EWJ) are unique to EWJ, led by 8306, 7203 and 9984. In the other direction, 1551 positions (96.4% of FNDC) are unique to FNDC.