FNDA vs SPSM: Holdings Overlap
FNDASchwab Fundamental U.S. Small Company ETF
Schwab · 930 holdings · $9.4B · as of 2026-05-31
SPSMState Street® SPDR® Portfolio S&P 600™ Small Cap ETF
State Street (SPDR) · 604 holdings · $17.3B · as of 2026-08-06
Holdings snapshots are 67 days apart (FNDA: 2026-05-31, SPSM: 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 SPSM?
Schwab Fundamental U.S. Small Company ETF (FNDA, by Schwab) holds 930 positions; State Street® SPDR® Portfolio S&P 600™ Small Cap ETF (SPSM, by State Street (SPDR)) holds 604. They have 399 holdings in common, and by portfolio weight the two funds are 35.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 35.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 399FNDA holds 930 · SPSM holds 604
- Weight in Shared Holdings
- FNDA 40%·SPSM 65%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
531 of 930 positions (59.9% of the fund) are not held by SPSM. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDA | SPSM |
|---|---|---|
| Industrials | 20.0% | 17.4% |
| Financials | 15.3% | 19.0% |
| Information Technology | 15.0% | 12.8% |
| Consumer Discretionary | 12.1% | 13.9% |
| Health Care | 7.0% | 10.6% |
| Other Sectors | 29.6% | 25.1% |
| Unclassified | 0.8% | 0.9% |
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, 1% of SPSM).
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% |
| SPSM | +2.4% | +24.5% | +36.5% | +14.6% | +7.7% | +10.9% | 1.36% |
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 SPSM →
Shared Holdings(399)
The top 10 shared positions account for 8% of the overlap, led by VSAT, VSXY and MXL.
 VSATViaSat, Inc. COM | 0.57% | 0.61% | 0.57% |
|---|---|---|---|
 VSXYVictorias Secret and Co COMMON STOCK | 0.33% | 0.41% | 0.33% |
 MXLMaxlinear Inc COM | 0.28% | 0.32% | 0.28% |
 ESIElement Solutions Inc COM | 0.28% | 0.48% | 0.28% |
 PLXSPlexus Corp COM | 0.27% | 0.39% | 0.27% |
 HCCWarrior Met Coal Inc COM | 0.25% | 0.26% | 0.25% |
 ENPHEnphase Energy Inc COM | 0.25% | 0.29% | 0.25% |
 DIODDiodes Incorporated COM | 0.28% | 0.25% | 0.25% |
 IRDMIridium Communications, Inc. COM | 0.24% | 0.28% | 0.24% |
 MYRGMYR Group, Inc. | 0.23% | 0.28% | 0.23% |
 ETSYEtsy Inc COM | 0.22% | 0.43% | 0.22% |
 MTCHMatch Group Inc COM | 0.21% | 0.47% | 0.21% |
 PSMTPricesmart Inc COM | 0.21% | 0.25% | 0.21% |
 URBNUrban Outfitters Inc. COM | 0.21% | 0.22% | 0.21% |
 CNRCore Natural Resources Inc. COM SHS | 0.20% | 0.25% | 0.20% |
 UCTTUltra Clean Holdings Inc COM | 0.26% | 0.20% | 0.20% |
 MGYMagnolia Oil & Gas Corporation CL A | 0.20% | 0.31% | 0.20% |
 ECGEverus Construction Group Inc. COM | 0.20% | 0.39% | 0.20% |
 SHOOMadden(Steven)Ltd. COM | 0.22% | 0.19% | 0.19% |
 VIRTVirtu Financial, Inc., Class A | 0.19% | 0.25% | 0.19% |
 UNFUnifirst Corp COM | 0.19% | 0.23% | 0.19% |
 NENoble Corporation PLC ORD SHS A | 0.19% | 0.28% | 0.19% |
 FORMFormfactor Inc COM | 0.19% | 0.49% | 0.19% |
 PARRPar Pacific Holdings, Inc. COM NEW | 0.30% | 0.19% | 0.19% |
 NATLNCR Atleos Corp. COM SHS | 0.19% | 0.19% | 0.19% |
Showing the top 250 of 399 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDA and SPSM overlap?
FNDA and SPSM overlap by 35.5% of portfolio weight. They share 399 holdings (FNDA holds 930 positions and SPSM holds 604), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDA and SPSM?
The two portfolios are 35.5% 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 SPSM?
The largest positions held by both funds are VSAT, VSXY, MXL, ESI and PLXS. Together the top 10 shared positions account for 8% of the total overlap.
What does FNDA own that SPSM doesn't?
531 positions (59.9% of FNDA) are unique to FNDA, led by LITE, COHR and MKSI. In the other direction, 205 positions (34.5% of SPSM) are unique to SPSM.