FNDA vs KBE: Holdings Overlap
FNDASchwab Fundamental U.S. Small Company ETF
Schwab · 930 holdings · $9.4B · as of 2026-05-31
KBEState Street® SPDR® S&P® Bank ETF
State Street (SPDR) · 102 holdings · $1.7B · as of 2026-08-06
Holdings snapshots are 67 days apart (FNDA: 2026-05-31, KBE: 2026-08-06). 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 KBE?
Schwab Fundamental U.S. Small Company ETF (FNDA, by Schwab) holds 930 positions; State Street® SPDR® S&P® Bank ETF (KBE, by State Street (SPDR)) holds 102. They have 72 holdings in common, and by portfolio weight the two funds are 7.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 72FNDA holds 930 · KBE holds 102
- Weight in Shared Holdings
- FNDA 8%·KBE 69%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
858 of 930 positions (92.2% of the fund) are not held by KBE. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDA | KBE |
|---|---|---|
| Financials | 15.3% | 98.9% |
| Industrials | 20.0% | 0.0% |
| Information Technology | 15.0% | 0.0% |
| Consumer Discretionary | 12.1% | 0.0% |
| Real Estate | 8.5% | 0.0% |
| Other Sectors | 28.0% | 0.0% |
| Unclassified | 0.8% | 0.0% |
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, 0% of KBE).
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% |
| KBE | +1.8% | +16.6% | +29.1% | +21.5% | +9.2% | +10.6% | 2.10% |
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 KBE →
Shared Holdings(72)
The top 10 shared positions account for 26% of the overlap, led by VLY, WAL and COLB.
 VLYValley National Bancorp. COM | 0.22% | 0.93% | 0.22% |
|---|---|---|---|
 WALWestern Alliance Bancorporation | 0.21% | 0.91% | 0.21% |
 COLBColumbia Banking System Inc. COM | 0.21% | 0.93% | 0.21% |
 OZKBank OZK COM | 0.20% | 0.92% | 0.20% |
 WTFCWintrust Financial Corporation COM | 0.20% | 0.94% | 0.20% |
 SSBSouthState Bank Corporation | 0.20% | 1.01% | 0.20% |
 FNBF N B Corp (Pennsylvania) COM | 0.19% | 0.95% | 0.19% |
 BKUBankUnited Inc. COM | 0.19% | 0.88% | 0.19% |
 PBProsperity Bancshares Inc COM | 0.19% | 0.95% | 0.19% |
 RKTRocket Companies Inc COM CL A | 0.18% | 0.96% | 0.18% |
 RDNRadian Group Inc. COM | 0.18% | 0.95% | 0.18% |
 CFRCullen/Frost Bankers, Inc. COM | 0.17% | 1.04% | 0.17% |
 ONBOld National Bancorp COM | 0.17% | 0.99% | 0.17% |
 UBSIUnited Bankshares Inc COM | 0.16% | 0.98% | 0.16% |
 HWCHancock Whitney Corporation COM | 0.16% | 0.99% | 0.16% |
 ESNTEssent Group Ltd. COM USD0.015 | 0.14% | 1.01% | 0.14% |
 PFSIPennymac Financial Services Inc COM | 0.14% | 0.87% | 0.14% |
 UMBFUMB Financial Corporation | 0.14% | 1.00% | 0.14% |
 PNFPPinnacle Financial Partners Inc. COM | 0.14% | 1.03% | 0.14% |
 CBSHCommerce Bancshares Inc COM | 0.14% | 0.99% | 0.14% |
 ASBAssociated Banc-Corp COM | 0.13% | 0.99% | 0.13% |
 FHBFirst Hawaiian Inc. COM | 0.13% | 0.89% | 0.13% |
 CATYCathay General Bancorp COM | 0.13% | 0.97% | 0.13% |
 AUBAtlantic Union Bankshares Corp COM | 0.13% | 0.99% | 0.13% |
 FIBKFirst Interstate BancSystem, Inc., Class A | 0.13% | 0.94% | 0.13% |
Frequently Asked Questions
How much do FNDA and KBE overlap?
FNDA and KBE overlap by 7.5% of portfolio weight. They share 72 holdings (FNDA holds 930 positions and KBE holds 102), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDA and KBE?
The two portfolios are 7.5% 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 KBE?
The largest positions held by both funds are VLY, WAL, COLB, OZK and WTFC. Together the top 10 shared positions account for 26% of the total overlap.
What does FNDA own that KBE doesn't?
858 positions (92.2% of FNDA) are unique to FNDA, led by LITE, VSAT and COHR. In the other direction, 30 positions (30.0% of KBE) are unique to KBE.