FNDB vs PRF: Holdings Overlap
FNDBSchwab Fundamental U.S. Broad Market ETF
Schwab · 1639 holdings · $1.5B · as of 2026-05-31
Invesco · 1003 holdings · $10.0B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDB: 2026-05-31, PRF: 2026-04-30). 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 FNDB and PRF?
Schwab Fundamental U.S. Broad Market ETF (FNDB, by Schwab) holds 1639 positions; Invesco RAFI US 1000 ETF (PRF, by Invesco) holds 1003. They have 991 holdings in common, and by portfolio weight the two funds are 88.7% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 88.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 991FNDB holds 1639 · PRF holds 1003
- Weight in Shared Holdings
- FNDB 94%·PRF 100%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 FNDB
648 of 1639 positions (5.6% of the fund) are not held by PRF. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDB | PRF |
|---|---|---|
| Information Technology | 21.0% | 20.1% |
| Financials | 13.9% | 16.1% |
| Health Care | 11.4% | 11.7% |
| Communication Services | 9.5% | 10.2% |
| Industrials | 10.1% | 9.5% |
| Other Sectors | 33.8% | 32.4% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FNDB | +3.0% | +19.8% | +33.0% | +19.6% | +13.6% | +14.1% | 1.41% |
| PRF | +2.9% | +20.0% | +33.4% | +20.5% | +13.5% | +13.8% | 1.33% |
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 FNDB vs PRF →
Shared Holdings(991)
The top 10 shared positions account for 22% of the overlap, led by AAPL, INTC and GOOGL.
 AAPLApple Inc. | 4.29% | 4.08% | 4.08% |
|---|---|---|---|
 INTCIntel Corp. | 2.38% | 2.62% | 2.38% |
 GOOGLAlphabet Inc., Class A | 2.20% | 4.79% | 2.20% |
 MSFTMicrosoft Corp. | 2.16% | 2.17% | 2.16% |
 XOMExxon Mobil Corp. | 2.12% | 1.88% | 1.88% |
 AMZNAmazon.com, Inc. | 1.72% | 2.32% | 1.72% |
 CVXChevron Corp. | 1.37% | 1.33% | 1.33% |
 BRK-BBerkshire Hathaway Inc., Class B | 1.31% | 1.69% | 1.31% |
 JPMJPMorgan Chase & Co. | 1.28% | 1.55% | 1.28% |
 UNHUnitedHealth Group Inc. | 1.27% | 1.17% | 1.17% |
 METAMeta Platforms, Inc., Class A | 1.15% | 1.42% | 1.15% |
 WMTWalmart Inc. | 0.94% | 0.94% | 0.94% |
 MUMicron Technology, Inc. | 1.48% | 0.90% | 0.90% |
 JNJJohnson & Johnson | 0.89% | 1.09% | 0.89% |
 BACBank of America Corp. | 0.80% | 1.13% | 0.80% |
 CCitigroup Inc. | 0.79% | 1.01% | 0.79% |
 VZVerizon Communications Inc. | 0.92% | 0.78% | 0.78% |
 CSCOCisco Systems, Inc. | 0.84% | 0.76% | 0.76% |
 TAT&T Inc. | 0.75% | 0.76% | 0.75% |
 PFEPfizer Inc. | 0.64% | 0.82% | 0.64% |
 MRKMerck & Co., Inc. | 0.63% | 0.69% | 0.63% |
 WFCWells Fargo & Co. | 0.63% | 0.81% | 0.63% |
 COPConocoPhillips | 0.61% | 0.62% | 0.61% |
 PGProcter & Gamble Co. (The) | 0.61% | 0.66% | 0.61% |
 AVGOBroadcom Inc. | 0.60% | 0.66% | 0.60% |
Showing the top 250 of 991 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDB and PRF overlap?
FNDB and PRF overlap by 88.7% of portfolio weight. They share 991 holdings (FNDB holds 1639 positions and PRF holds 1003), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDB and PRF?
The two portfolios are 88.7% identical by weight. Owning both is largely redundant: they are close to the same portfolio, so a second position mostly duplicates the first.
What are the biggest shared holdings of FNDB and PRF?
The largest positions held by both funds are AAPL, INTC, GOOGL, MSFT and XOM. Together the top 10 shared positions account for 22% of the total overlap.
What does FNDB own that PRF doesn't?
648 positions (5.6% of FNDB) are unique to FNDB, led by GOOG, iShares Core S&P Total U.S. Stock Market ETF and TTMI. In the other direction, 12 positions (0.3% of PRF) are unique to PRF.