FNDA vs IWO: Holdings Overlap
FNDASchwab Fundamental U.S. Small Company ETF
Schwab · 930 holdings · $9.4B · as of 2026-05-31
IWOiShares Russell 2000 Growth ETF
iShares · 1101 holdings · $14.8B · as of 2026-03-31
Holdings snapshots are 61 days apart (FNDA: 2026-05-31, IWO: 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 IWO?
Schwab Fundamental U.S. Small Company ETF (FNDA, by Schwab) holds 930 positions; iShares Russell 2000 Growth ETF (IWO, by iShares) holds 1101. They have 305 holdings in common, and by portfolio weight the two funds are 20.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 305FNDA holds 930 · IWO holds 1101
- Weight in Shared Holdings
- FNDA 29%·IWO 49%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
625 of 930 positions (70.7% of the fund) are not held by IWO. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDA | IWO |
|---|---|---|
| Industrials | 20.0% | 23.7% |
| Health Care | 7.0% | 23.1% |
| Information Technology | 15.0% | 19.0% |
| Financials | 15.3% | 8.6% |
| Consumer Discretionary | 12.1% | 7.3% |
| Other Sectors | 29.6% | 14.1% |
| Unclassified | 0.8% | 4.0% |
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, 4% of IWO).
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% |
| IWO | +1.2% | +21.0% | +34.7% | +17.5% | +5.9% | +11.0% | 0.42% |
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 IWO →
Shared Holdings(305)
The top 10 shared positions account for 12% of the overlap, led by VIAV, DY and PLXS.
 VIAVViavi Solutions, Inc. | 0.31% | 0.51% | 0.31% |
|---|---|---|---|
 DYDycom Industries, Inc. | 0.31% | 0.66% | 0.31% |
 PLXSPlexus Corp. | 0.27% | 0.34% | 0.27% |
 MOG-AMoog, Inc., Class A | 0.25% | 0.55% | 0.25% |
 COMPCompass, Inc., Class A | 0.41% | 0.24% | 0.24% |
 MYRGMYR Group, Inc. | 0.23% | 0.29% | 0.23% |
 CBTCabot Corp. | 0.22% | 0.25% | 0.22% |
 SLABSilicon Laboratories, Inc. | 0.21% | 0.46% | 0.21% |
 PSMTPriceSmart, Inc. | 0.21% | 0.26% | 0.21% |
 FCFSFirstCash Holdings, Inc. | 0.20% | 0.50% | 0.20% |
 STRLSterling Infrastructure, Inc. | 0.19% | 0.81% | 0.19% |
 MODModine Manufacturing Co. | 0.19% | 0.76% | 0.19% |
 TEXTerex Corp. | 0.31% | 0.19% | 0.19% |
 FORMFormFactor, Inc. | 0.19% | 0.38% | 0.19% |
 NATLNCR Atleos Corp. | 0.19% | 0.21% | 0.19% |
 DKDelek US Holdings, Inc. | 0.32% | 0.18% | 0.18% |
 OUTOutfront Media, Inc. | 0.18% | 0.26% | 0.18% |
 AEISAdvanced Energy Industries, Inc. | 0.18% | 0.82% | 0.18% |
 HRIHerc Holdings, Inc. | 0.17% | 0.22% | 0.17% |
 MCMoelis & Co., Class A | 0.17% | 0.25% | 0.17% |
 POWIPower Integrations, Inc. | 0.17% | 0.19% | 0.17% |
 ANFAbercrombie & Fitch Co., Class A | 0.17% | 0.28% | 0.17% |
 GVAGranite Construction, Inc. | 0.16% | 0.30% | 0.16% |
 VISNVistance Networks, Inc. | 0.19% | 0.16% | 0.16% |
 HGVHilton Grand Vacations, Inc. | 0.17% | 0.16% | 0.16% |
Showing the top 250 of 305 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDA and IWO overlap?
FNDA and IWO overlap by 20.2% of portfolio weight. They share 305 holdings (FNDA holds 930 positions and IWO holds 1101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDA and IWO?
The two portfolios are 20.2% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of FNDA and IWO?
The largest positions held by both funds are VIAV, DY, PLXS, MOG-A and COMP. Together the top 10 shared positions account for 12% of the total overlap.
What does FNDA own that IWO doesn't?
625 positions (70.7% of FNDA) are unique to FNDA, led by LITE, VSAT and COHR. In the other direction, 796 positions (50.9% of IWO) are unique to IWO.