FNDA vs IWR: Holdings Overlap
FNDASchwab Fundamental U.S. Small Company ETF
Schwab · 930 holdings · $9.4B · as of 2026-05-31
IWRiShares Russell Mid-Cap ETF
iShares · 806 holdings · $57.6B · as of 2026-03-31
Holdings snapshots are 61 days apart (FNDA: 2026-05-31, IWR: 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 IWR?
Schwab Fundamental U.S. Small Company ETF (FNDA, by Schwab) holds 930 positions; iShares Russell Mid-Cap ETF (IWR, by iShares) holds 806. They have 249 holdings in common, and by portfolio weight the two funds are 15.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 249FNDA holds 930 · IWR holds 806
- Weight in Shared Holdings
- FNDA 36%·IWR 19%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
681 of 930 positions (63.6% of the fund) are not held by IWR. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDA | IWR |
|---|---|---|
| Industrials | 20.0% | 18.7% |
| Financials | 15.3% | 13.6% |
| Information Technology | 15.0% | 13.0% |
| Consumer Discretionary | 12.1% | 10.8% |
| Health Care | 7.0% | 9.2% |
| Other Sectors | 29.6% | 34.3% |
| Unclassified | 0.8% | 0.1% |
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, 0% of IWR).
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% |
| IWR | +2.9% | +18.1% | +23.0% | +16.4% | +8.5% | +11.6% | 1.12% |
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 IWR →
Shared Holdings(249)
The top 10 shared positions account for 16% of the overlap, led by LITE, FIX and COHR.
 LITELumentum Holdings, Inc. | 0.92% | 0.39% | 0.39% |
|---|---|---|---|
 FIXComfort Systems USA, Inc. | 0.41% | 0.38% | 0.38% |
 COHRCoherent Corp. | 0.54% | 0.33% | 0.33% |
 VRTVertiv Holdings Co., Class A | 0.27% | 0.76% | 0.27% |
 UALUnited Airlines Holdings, Inc. | 0.22% | 0.24% | 0.22% |
 MPWRMonolithic Power Systems, Inc. | 0.22% | 0.40% | 0.22% |
 CWCurtiss-Wright Corp. | 0.32% | 0.20% | 0.20% |
 DXCMDexcom, Inc. | 0.20% | 0.19% | 0.19% |
 XPOXPO, Inc. | 0.30% | 0.18% | 0.18% |
 WWDWoodward, Inc. | 0.27% | 0.17% | 0.17% |
 VRSNVeriSign, Inc. | 0.22% | 0.16% | 0.16% |
 ATIATI, Inc. | 0.29% | 0.16% | 0.16% |
 FICOFair Isaac Corp. | 0.15% | 0.20% | 0.15% |
 CRSCarpenter Technology Corp. | 0.18% | 0.15% | 0.15% |
 BWXTBWX Technologies, Inc. | 0.18% | 0.15% | 0.15% |
 FTAIFTAI Aviation Ltd. | 0.15% | 0.20% | 0.15% |
 RPRXRoyalty Pharma plc, Class A | 0.28% | 0.15% | 0.15% |
 FWONKLiberty Media Corp.-Liberty Formula One, Class C | 0.16% | 0.14% | 0.14% |
 TWLOTwilio, Inc., Class A | 0.27% | 0.14% | 0.14% |
 ENTGEntegris, Inc. | 0.31% | 0.14% | 0.14% |
 LUVSouthwest Airlines Co. | 0.18% | 0.14% | 0.14% |
 VEEVVeeva Systems, Inc., Class A | 0.13% | 0.21% | 0.13% |
 ROLRollins, Inc. | 0.13% | 0.13% | 0.13% |
 MKSIMKS, Inc. | 0.52% | 0.12% | 0.12% |
 INCYIncyte Corp. | 0.18% | 0.12% | 0.12% |
Frequently Asked Questions
How much do FNDA and IWR overlap?
FNDA and IWR overlap by 15.8% of portfolio weight. They share 249 holdings (FNDA holds 930 positions and IWR holds 806), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDA and IWR?
The two portfolios are 15.8% 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 IWR?
The largest positions held by both funds are LITE, FIX, COHR, VRT and UAL. Together the top 10 shared positions account for 16% of the total overlap.
What does FNDA own that IWR doesn't?
681 positions (63.6% of FNDA) are unique to FNDA, led by VSAT, TTMI and ECHO. In the other direction, 557 positions (80.5% of IWR) are unique to IWR.