FNDC vs GSIE: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
GSIEGoldman Sachs ActiveBeta(R) International Equity ETF
Goldman Sachs · 657 holdings · $6.0B · as of 2026-05-31
How similar are FNDC and GSIE?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; Goldman Sachs ActiveBeta(R) International Equity ETF (GSIE, by Goldman Sachs) holds 657. They have 133 holdings in common, and by portfolio weight the two funds are 8.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 133FNDC holds 1580 · GSIE holds 657
- Weight in Shared Holdings
- FNDC 14%·GSIE 13%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 FNDC
1447 of 1580 positions (85.4% of the fund) are not held by GSIE. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FNDC | +4.3% | +15.1% | +22.5% | +18.2% | +8.5% | +9.0% | 3.53% |
| GSIE | +5.0% | +14.2% | +23.8% | +18.4% | +9.5% | +9.8% | 2.43% |
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 FNDC vs GSIE →
Shared Holdings(133)
The top 10 shared positions account for 18% of the overlap, led by HLMA, 4062 and HBAN.
 HLMAHalma PLC | 0.19% | 0.21% | 0.19% |
|---|---|---|---|
 4062Ibiden Co Ltd. NPV | 0.69% | 0.15% | 0.15% |
 HBANHelvetia Baloise Holding AG | 0.22% | 0.15% | 0.15% |
 KBXKnorr-Bremse AG | 0.15% | 0.20% | 0.15% |
 PHOE1ILSPhoenix Financial Ltd | 0.15% | 0.14% | 0.14% |
 VACNVAT Group AG | 0.14% | 0.20% | 0.14% |
 SGXSingapore Exchange Ltd | 0.14% | 0.31% | 0.14% |
 7936Asics Corp NPV | 0.14% | 0.28% | 0.14% |
 AVOLAvolta AG | 0.13% | 0.33% | 0.13% |
 EDVEndeavour Mining PLC | 0.13% | 0.14% | 0.13% |
 ORNBVOrion Oyj | 0.13% | 0.23% | 0.13% |
 IPNIpsen SA | 0.13% | 0.25% | 0.13% |
 BMEDBanca Mediolanum SpA | 0.13% | 0.20% | 0.13% |
 CUCanadian Utilities Ltd | 0.13% | 0.12% | 0.12% |
 FBKFinecoBank Banca Fineco SpA | 0.12% | 0.25% | 0.12% |
 CLSCelestica Inc | 0.28% | 0.12% | 0.12% |
 ANAAcciona SA | 0.14% | 0.12% | 0.12% |
 FERFerrovial N.V. | 0.12% | 0.16% | 0.12% |
 TSEMIL-STower Semiconductor Ltd | 0.44% | 0.12% | 0.12% |
 IGItalgas SpA | 0.14% | 0.11% | 0.11% |
 IGMIGM Financial Inc | 0.12% | 0.11% | 0.11% |
 FPHFisher & Paykel Healthcare Corp Ltd | 0.11% | 0.22% | 0.11% |
 STMNStraumann Holding AG | 0.10% | 0.15% | 0.10% |
 BZUBuzzi SpA | 0.11% | 0.10% | 0.10% |
 BKTBankinter SA | 0.15% | 0.09% | 0.09% |
Frequently Asked Questions
How much do FNDC and GSIE overlap?
FNDC and GSIE overlap by 8.3% of portfolio weight. They share 133 holdings (FNDC holds 1580 positions and GSIE holds 657), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and GSIE?
The two portfolios are 8.3% 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 FNDC and GSIE?
The largest positions held by both funds are HLMA, 4062, HBAN, KBX and PHOE1ILS. Together the top 10 shared positions account for 18% of the total overlap.
What does FNDC own that GSIE doesn't?
1447 positions (85.4% of FNDC) are unique to FNDC, led by 047040, 032830 and 006260. In the other direction, 524 positions (86.3% of GSIE) are unique to GSIE.