FNDB vs SPY: Holdings Overlap
FNDBSchwab Fundamental U.S. Broad Market ETF
Schwab · 1639 holdings · $1.5B · as of 2026-05-31
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 67 days apart (FNDB: 2026-05-31, SPY: 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 FNDB and SPY?
Schwab Fundamental U.S. Broad Market ETF (FNDB, by Schwab) holds 1639 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 491 holdings in common, and by portfolio weight the two funds are 60.3% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 60.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 491FNDB holds 1639 · SPY holds 504
- Weight in Shared Holdings
- FNDB 82%·SPY 98%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
1148 of 1639 positions (17.5% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDB | SPY |
|---|---|---|
| Information Technology | 21.0% | 37.6% |
| Financials | 13.9% | 12.3% |
| Health Care | 11.4% | 8.9% |
| Industrials | 10.1% | 8.8% |
| Communication Services | 9.5% | 9.7% |
| Other Sectors | 33.8% | 22.6% |
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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(491)
The top 10 shared positions account for 30% of the overlap, led by AAPL, GOOGL and MSFT.
 AAPLApple Inc. COM | 4.29% | 6.92% | 4.29% |
|---|---|---|---|
 GOOGLAlphabet Inc. CAP STK CL A | 2.20% | 3.16% | 2.20% |
 MSFTMicrosoft Corp. COM | 2.16% | 5.60% | 2.16% |
 GOOGAlphabet Inc. CAP STK CL C | 1.75% | 2.54% | 1.75% |
 AMZNAmazon.com, Inc. COM | 1.72% | 4.02% | 1.72% |
 MUMicron Technology Inc. COM | 1.48% | 1.50% | 1.48% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.31% | 1.45% | 1.31% |
 JPMJPMorgan Chase & Co. COM | 1.28% | 1.44% | 1.28% |
 METAMeta Platforms, Inc., Class A | 1.15% | 1.95% | 1.15% |
 JNJJohnson & Johnson COM | 0.89% | 0.93% | 0.89% |
 WMTWalmart Inc COM | 0.94% | 0.74% | 0.74% |
 CSCOCisco Systems, Inc. COM | 0.84% | 0.72% | 0.72% |
 INTCIntel Corporation COM | 2.38% | 0.71% | 0.71% |
 BACBank of America Corp. COM | 0.80% | 0.62% | 0.62% |
 AVGOBroadcom Inc COM | 0.60% | 3.00% | 0.60% |
 CATCaterpillar Inc COM | 0.56% | 0.59% | 0.56% |
 UNHUnitedHealth Group Inc. COM | 1.27% | 0.55% | 0.55% |
 CVXChevron Corp. COM | 1.37% | 0.53% | 0.53% |
 PGThe Procter & Gamble Co. COM | 0.61% | 0.52% | 0.52% |
 NVDANVIDIA Corp. COM | 0.51% | 8.00% | 0.51% |
 COSTCostco Wholesale Corporation COM | 0.49% | 0.63% | 0.49% |
 ABBVAbbVie Inc. COM | 0.49% | 0.65% | 0.49% |
 HDHome Depot, Inc. (The) | 0.48% | 0.52% | 0.48% |
 MRKMerck & Co., Inc COM | 0.63% | 0.48% | 0.48% |
 GSGoldman Sachs Group, Inc. (The) | 0.54% | 0.46% | 0.46% |
Showing the top 250 of 491 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDB and SPY overlap?
FNDB and SPY overlap by 60.3% of portfolio weight. They share 491 holdings (FNDB holds 1639 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDB and SPY?
The two portfolios are 60.3% 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 SPY?
The largest positions held by both funds are AAPL, GOOGL, MSFT, GOOG and AMZN. Together the top 10 shared positions account for 30% of the total overlap.
What does FNDB own that SPY doesn't?
1148 positions (17.5% of FNDB) are unique to FNDB, led by XOM, HON and LUMN. In the other direction, 13 positions (1.5% of SPY) are unique to SPY.