FNDA vs IWN: Holdings Overlap
FNDASchwab Fundamental U.S. Small Company ETF
Schwab · 930 holdings · $9.4B · as of 2026-05-31
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
Holdings snapshots are 61 days apart (FNDA: 2026-05-31, IWN: 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 IWN?
Schwab Fundamental U.S. Small Company ETF (FNDA, by Schwab) holds 930 positions; iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406. They have 515 holdings in common, and by portfolio weight the two funds are 35.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 35.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 515FNDA holds 930 · IWN holds 1406
- Weight in Shared Holdings
- FNDA 48%·IWN 58%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
415 of 930 positions (51.5% of the fund) are not held by IWN. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDA | IWN |
|---|---|---|
| Financials | 15.3% | 22.4% |
| Industrials | 20.0% | 11.9% |
| Information Technology | 15.0% | 8.0% |
| Consumer Discretionary | 12.1% | 8.7% |
| Health Care | 7.0% | 10.0% |
| Other Sectors | 29.6% | 31.6% |
| Unclassified | 0.8% | 7.1% |
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 (1% of FNDA, 7% of IWN).
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% |
| IWN | +2.4% | +25.3% | +42.6% | +16.8% | +9.0% | +10.2% | 1.41% |
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 IWN →
Shared Holdings(515)
The top 10 shared positions account for 9% of the overlap, led by TTMI, ECHO and VSAT.
 TTMITTM Technologies, Inc. | 0.43% | 0.69% | 0.43% |
|---|---|---|---|
 ECHOEchoStar Corp., Class A | 0.42% | 1.09% | 0.42% |
 VSATViasat, Inc. | 0.57% | 0.39% | 0.39% |
 ENSEnerSys | 0.38% | 0.42% | 0.38% |
 LBRTLiberty Energy, Inc., Class A | 0.32% | 0.31% | 0.31% |
 TEXTerex Corp. | 0.31% | 0.26% | 0.26% |
 HCCWarrior Met Coal, Inc. | 0.25% | 0.33% | 0.25% |
 CRGYCrescent Energy, Inc., Class A | 0.29% | 0.24% | 0.24% |
 VLYValley National Bancorp | 0.22% | 0.31% | 0.22% |
 BKHBlack Hills Corp. | 0.22% | 0.36% | 0.22% |
 DIODDiodes, Inc. | 0.28% | 0.22% | 0.22% |
 CNRCore Natural Resources, Inc. | 0.20% | 0.24% | 0.20% |
 MGYMagnolia Oil & Gas Corp., Class A | 0.20% | 0.31% | 0.20% |
 UNFUniFirst Corp/MA | 0.19% | 0.25% | 0.19% |
 KMTKennametal, Inc. | 0.19% | 0.19% | 0.19% |
 BKUBankUnited, Inc. | 0.19% | 0.23% | 0.19% |
 NENoble Corp. plc | 0.19% | 0.43% | 0.19% |
 URBNUrban Outfitters, Inc. | 0.21% | 0.19% | 0.19% |
 RDNRadian Group, Inc. | 0.18% | 0.31% | 0.18% |
 LAURLaureate Education, Inc. | 0.18% | 0.20% | 0.18% |
 PHINPhinia, Inc. | 0.20% | 0.18% | 0.18% |
 LCIILCI Industries | 0.20% | 0.18% | 0.18% |
 UCTTUltra Clean Holdings, Inc. | 0.26% | 0.18% | 0.18% |
 TXNMTXNM Energy, Inc. | 0.18% | 0.40% | 0.18% |
 MACMacerich Co. (The) | 0.17% | 0.34% | 0.17% |
Showing the top 250 of 515 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDA and IWN overlap?
FNDA and IWN overlap by 35.1% of portfolio weight. They share 515 holdings (FNDA holds 930 positions and IWN holds 1406), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDA and IWN?
The two portfolios are 35.1% 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 FNDA and IWN?
The largest positions held by both funds are TTMI, ECHO, VSAT, ENS and LBRT. Together the top 10 shared positions account for 9% of the total overlap.
What does FNDA own that IWN doesn't?
415 positions (51.5% of FNDA) are unique to FNDA, led by LITE, COHR and MKSI. In the other direction, 891 positions (42.0% of IWN) are unique to IWN.