EWW vs FNDE: Holdings Overlap
iShares · 41 holdings · $2.0B · as of 2026-05-31
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
How similar are EWW and FNDE?
iShares MSCI Mexico ETF (EWW, by iShares) holds 41 positions; Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370. They have 11 holdings in common, and by portfolio weight the two funds are 3.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11EWW holds 41 · FNDE holds 370
- Weight in Shared Holdings
- EWW 55%·FNDE 4%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 EWW
30 of 41 positions (44.5% of the fund) are not held by FNDE.
4FOIndustrias Penoles SAB de CV4.63%
GAPBGrupo Aeroportuario Del Pacifico S.A.B. de C.V. COM NPV SER'B'3.72%
AJZArca Continental S.A.B. de C.V. COM NPV2.97%
ASURBGrupo Aeroportuario del Sureste S.A.B. de C.V. SER'B'NPV2.35%
FIBRAPLPrologis Property Mexico SA de CV2.31%
FUNO11Fibra Uno Administracion SA de CV2.24%
Only in FNDE
359 of 370 positions (95.8% of the fund) are not held by EWW. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWW | FNDE |
|---|---|---|
| Materials | 23.7% | 6.7% |
| Information Technology | 0.0% | 20.6% |
| Financials | 9.6% | 18.1% |
| Consumer Staples | 17.5% | 1.9% |
| Energy | 0.0% | 10.8% |
| Other Sectors | 23.4% | 14.4% |
| Unclassified | 25.6% | 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 EWW, 27% of FNDE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWW | +3.3% | +13.5% | +30.0% | +11.0% | +13.3% | +7.2% | 3.18% |
| 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 EWW vs FNDE →
Shared Holdings(11)
The top 10 shared positions account for 98% of the overlap, led by AMXB, GMEXICOB and FEMSAUBD.
 AMXBAmerica Movil SAB de CV | 8.09% | 0.68% | 0.68% |
|---|---|---|---|
 GMEXICOBGrupo Mexico SAB de CV, Series B | 14.27% | 0.66% | 0.66% |
 FEMSAUBDFomento Economico Mexicano S A B de C V UNITS (REP 1 SER 'B' SHS & 4 SER'D') | 7.10% | 0.54% | 0.54% |
 CEMEXCPOCemex SAB de CV | 4.86% | 0.53% | 0.53% |
 GFNORTEOGrupo Financiero Banorte S.A.B. de C.V. COM NPV SERIES O | 9.62% | 0.46% | 0.46% |
 4GNBWal-Mart de Mexico SAB de CV | 5.40% | 0.27% | 0.27% |
 SIGMAFASigma Foods SAB de CV | 1.64% | 0.14% | 0.14% |
| Grupo Televisa SAB | 0.70% | 0.14% | 0.14% |
 BIMBOAGrupo Bimbo SAB de CV | 2.02% | 0.12% | 0.12% |
 ORBIA-*Orbia Advance Corp SAB de CV | 0.80% | 0.12% | 0.12% |
| Grupo Comercial Chedraui SA de CV | 0.86% | 0.09% | 0.09% |
Frequently Asked Questions
How much do EWW and FNDE overlap?
EWW and FNDE overlap by 3.8% of portfolio weight. They share 11 holdings (EWW holds 41 positions and FNDE holds 370), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWW and FNDE?
The two portfolios are 3.8% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EWW and FNDE?
The largest positions held by both funds are AMXB, GMEXICOB, FEMSAUBD, CEMEXCPO and GFNORTEO. Together the top 10 shared positions account for 98% of the total overlap.
What does EWW own that FNDE doesn't?
30 positions (44.5% of EWW) are unique to EWW, led by 4FO, GAPB and AJZ. In the other direction, 359 positions (95.8% of FNDE) are unique to FNDE.