FNDB vs RWL: Holdings Overlap
FNDBSchwab Fundamental U.S. Broad Market ETF
Schwab · 1639 holdings · $1.5B · as of 2026-05-31
RWLInvesco S&P 500 Revenue ETF
Invesco · 502 holdings · $9.8B · as of 2026-05-31
How similar are FNDB and RWL?
Schwab Fundamental U.S. Broad Market ETF (FNDB, by Schwab) holds 1639 positions; Invesco S&P 500 Revenue ETF (RWL, by Invesco) holds 502. They have 494 holdings in common, and by portfolio weight the two funds are 65.3% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 65.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 494FNDB holds 1639 · RWL holds 502
- Weight in Shared Holdings
- FNDB 85%·RWL 99%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
1145 of 1639 positions (15.2% of the fund) are not held by RWL. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDB | RWL |
|---|---|---|
| Information Technology | 21.0% | 15.4% |
| Health Care | 11.4% | 19.3% |
| Financials | 13.9% | 15.1% |
| Consumer Discretionary | 9.0% | 12.1% |
| Consumer Staples | 6.7% | 10.1% |
| Other Sectors | 37.7% | 27.8% |
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% |
| RWL | +3.1% | +17.9% | +31.3% | +19.4% | +14.1% | +14.1% | 1.20% |
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 RWL →
Shared Holdings(494)
The top 10 shared positions account for 23% of the overlap, led by AAPL, AMZN and MSFT.
 AAPLApple Inc. | 4.29% | 2.55% | 2.55% |
|---|---|---|---|
 AMZNAmazon.com, Inc. | 1.72% | 4.47% | 1.72% |
 MSFTMicrosoft Corp. | 2.16% | 1.66% | 1.66% |
 XOMExxon Mobil Corp. | 2.12% | 1.52% | 1.52% |
 BRK-BBerkshire Hathaway Inc., Class B | 1.31% | 1.75% | 1.31% |
 JPMJPMorgan Chase & Co. | 1.28% | 1.43% | 1.28% |
 UNHUnitedHealth Group Inc. | 1.27% | 2.92% | 1.27% |
 GOOGLAlphabet Inc., Class A | 2.20% | 1.22% | 1.22% |
 GOOGAlphabet Inc., Class C | 1.75% | 1.20% | 1.20% |
 METAMeta Platforms, Inc., Class A | 1.15% | 0.95% | 0.95% |
 WMTWalmart Inc. | 0.94% | 3.27% | 0.94% |
 CVXChevron Corp. | 1.37% | 0.86% | 0.86% |
 CVSCVS Health Corp. | 0.83% | 2.37% | 0.83% |
 BACBank of America Corp. | 0.80% | 1.02% | 0.80% |
 CCitigroup Inc. | 0.79% | 0.96% | 0.79% |
 GMGeneral Motors Co. | 0.67% | 1.01% | 0.67% |
 VZVerizon Communications Inc. | 0.92% | 0.64% | 0.64% |
 VLOValero Energy Corp. | 0.65% | 0.64% | 0.64% |
 INTCIntel Corp. | 2.38% | 0.62% | 0.62% |
 WFCWells Fargo & Co. | 0.63% | 0.61% | 0.61% |
 MPCMarathon Petroleum Corp. | 0.58% | 0.71% | 0.58% |
 TAT&T Inc. | 0.75% | 0.56% | 0.56% |
 FFord Motor Co. | 0.55% | 1.32% | 0.55% |
 GSGoldman Sachs Group, Inc. (The) | 0.54% | 0.77% | 0.54% |
 NVDANVIDIA Corp. | 0.51% | 1.20% | 0.51% |
Showing the top 250 of 494 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDB and RWL overlap?
FNDB and RWL overlap by 65.3% of portfolio weight. They share 494 holdings (FNDB holds 1639 positions and RWL holds 502), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDB and RWL?
The two portfolios are 65.3% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of FNDB and RWL?
The largest positions held by both funds are AAPL, AMZN, MSFT, XOM and BRK-B. Together the top 10 shared positions account for 23% of the total overlap.
What does FNDB own that RWL doesn't?
1145 positions (15.2% of FNDB) are unique to FNDB, led by LUMN, FLEX and DINO. In the other direction, 8 positions (0.3% of RWL) are unique to RWL.