FNDC vs GUNR: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDC: 2026-05-31, GUNR: 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 FNDC and GUNR?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148. They have 10 holdings in common, and by portfolio weight the two funds are 1.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10FNDC holds 1580 · GUNR holds 148
- Weight in Shared Holdings
- FNDC 1%·GUNR 4%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
1570 of 1580 positions (98.2% of the fund) are not held by GUNR. 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% |
| GUNR | +6.1% | +16.9% | +32.8% | +11.8% | +10.9% | +10.3% | 2.30% |
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 GUNR →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by PAAS, EVN and CCJ.
 PAASPan American Silver Corp. | 0.19% | 0.47% | 0.19% |
|---|---|---|---|
 EVNEvolution Mining Ltd. | 0.15% | 0.39% | 0.15% |
 CCJCameco Corp. | 0.11% | 0.98% | 0.11% |
 PNNPennon Group PLC | 0.11% | 0.24% | 0.11% |
 AGIAlamos Gold, Inc., Class A | 0.10% | 0.34% | 0.10% |
 SJStella-Jones, Inc. | 0.10% | 0.15% | 0.10% |
 SCABSvenska Cellulosa AB SCA, Class B | 0.09% | 0.32% | 0.09% |
 HOLMBHolmen AB, Class B | 0.08% | 0.15% | 0.08% |
 SALMSalmar ASA | 0.07% | 0.63% | 0.07% |
 BAKKABakkafrost P/F | 0.02% | 0.36% | 0.02% |
Frequently Asked Questions
How much do FNDC and GUNR overlap?
FNDC and GUNR overlap by 1.0% of portfolio weight. They share 10 holdings (FNDC holds 1580 positions and GUNR holds 148), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and GUNR?
The two portfolios are 1.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FNDC and GUNR?
The largest positions held by both funds are PAAS, EVN, CCJ, PNN and AGI. Together the top 10 shared positions account for 100% of the total overlap.
What does FNDC own that GUNR doesn't?
1570 positions (98.2% of FNDC) are unique to FNDC, led by 4062, 047040 and TSEMIL-S. In the other direction, 138 positions (95.7% of GUNR) are unique to GUNR.