FNDA vs IWM: Holdings Overlap
FNDASchwab Fundamental U.S. Small Company ETF
Schwab · 930 holdings · $9.4B · as of 2026-05-31
iShares · 1941 holdings · $82.2B · as of 2026-03-31
Holdings snapshots are 61 days apart (FNDA: 2026-05-31, IWM: 2026-03-31). 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 FNDA and IWM?
Schwab Fundamental U.S. Small Company ETF (FNDA, by Schwab) holds 930 positions; iShares Russell 2000 ETF (IWM, by iShares) holds 1941. They have 647 holdings in common, and by portfolio weight the two funds are 38.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 38.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 647FNDA holds 930 · IWM holds 1941
- Weight in Shared Holdings
- FNDA 61%·IWM 53%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 FNDA
283 of 930 positions (39.1% of the fund) are not held by IWM. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDA | IWM |
|---|---|---|
| Industrials | 20.0% | 17.9% |
| Health Care | 7.0% | 16.6% |
| Financials | 15.3% | 15.3% |
| Information Technology | 15.0% | 13.6% |
| Consumer Discretionary | 12.1% | 8.0% |
| Other Sectors | 29.6% | 22.7% |
| Unclassified | 0.8% | 5.5% |
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 (1% of FNDA, 5% of IWM).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FNDA | +2.5% | +21.8% | +32.0% | +14.5% | +9.0% | +11.0% | 1.09% |
| IWM | +1.8% | +23.0% | +38.6% | +17.1% | +7.5% | +10.8% | 0.88% |
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 FNDA vs IWM →
Shared Holdings(647)
The top 10 shared positions account for 7% of the overlap, led by ECHO, TTMI and DY.
 ECHOEchoStar Corp., Class A | 0.42% | 0.54% | 0.42% |
|---|---|---|---|
 TTMITTM Technologies, Inc. | 0.43% | 0.34% | 0.34% |
 DYDycom Industries, Inc. | 0.31% | 0.34% | 0.31% |
 VIAVViavi Solutions, Inc. | 0.31% | 0.26% | 0.26% |
 MOG-AMoog, Inc., Class A | 0.25% | 0.28% | 0.25% |
 TEXTerex Corp. | 0.31% | 0.23% | 0.23% |
 ENSEnerSys | 0.38% | 0.22% | 0.22% |
 SLABSilicon Laboratories, Inc. | 0.21% | 0.23% | 0.21% |
 VLYValley National Bancorp | 0.22% | 0.20% | 0.20% |
 FCFSFirstCash Holdings, Inc. | 0.20% | 0.25% | 0.20% |
 STRLSterling Infrastructure, Inc. | 0.19% | 0.41% | 0.19% |
 MGYMagnolia Oil & Gas Corp., Class A | 0.20% | 0.19% | 0.19% |
 MODModine Manufacturing Co. | 0.19% | 0.39% | 0.19% |
 VSATViasat, Inc. | 0.57% | 0.19% | 0.19% |
 NENoble Corp. plc | 0.19% | 0.21% | 0.19% |
 FORMFormFactor, Inc. | 0.19% | 0.26% | 0.19% |
 PLXSPlexus Corp. | 0.27% | 0.18% | 0.18% |
 CNRCore Natural Resources, Inc. | 0.20% | 0.18% | 0.18% |
 BKHBlack Hills Corp. | 0.22% | 0.18% | 0.18% |
 TXNMTXNM Energy, Inc. | 0.18% | 0.20% | 0.18% |
 AEISAdvanced Energy Industries, Inc. | 0.18% | 0.41% | 0.18% |
 ACAArcosa, Inc. | 0.17% | 0.18% | 0.17% |
 MACMacerich Co. (The) | 0.17% | 0.17% | 0.17% |
 ONBOld National Bancorp/IN | 0.17% | 0.26% | 0.17% |
 HCCWarrior Met Coal, Inc. | 0.25% | 0.17% | 0.17% |
Showing the top 250 of 647 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDA and IWM overlap?
FNDA and IWM overlap by 38.8% of portfolio weight. They share 647 holdings (FNDA holds 930 positions and IWM holds 1941), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDA and IWM?
The two portfolios are 38.8% 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 FNDA and IWM?
The largest positions held by both funds are ECHO, TTMI, DY, VIAV and MOG-A. Together the top 10 shared positions account for 7% of the total overlap.
What does FNDA own that IWM doesn't?
283 positions (39.1% of FNDA) are unique to FNDA, led by LITE, COHR and MKSI. In the other direction, 1294 positions (46.5% of IWM) are unique to IWM.