FNDC vs ICLN: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
ICLNiShares Global Clean Energy ETF
iShares · 123 holdings · $2.3B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDC: 2026-05-31, ICLN: 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 ICLN?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; iShares Global Clean Energy ETF (ICLN, by iShares) holds 123. They have 12 holdings in common, and by portfolio weight the two funds are 0.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12FNDC holds 1580 · ICLN holds 123
- Weight in Shared Holdings
- FNDC 1%·ICLN 7%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
1568 of 1580 positions (98.4% of the fund) are not held by ICLN. Showing the top 30 by weight.
Only in ICLN
111 of 123 positions (92.0% of the fund) are not held by FNDC. 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% |
| ICLN | -5.3% | +11.7% | +34.9% | +4.0% | -3.1% | +8.9% | 1.01% |
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 ICLN →
Shared Holdings(12)
The top 10 shared positions account for 94% of the overlap, led by SEDG, BEPC and CSIQ.
 SEDGSolaredge Technologies Inc COM | 0.18% | 1.92% | 0.18% |
|---|---|---|---|
 BEPCBrookfield Renewable Corporation CL A EX SUB VTG | 0.12% | 0.44% | 0.12% |
 CSIQCanadian Solar Inc. | 0.10% | 0.52% | 0.10% |
 CENContact Energy Ltd | 0.09% | 0.26% | 0.09% |
 MELMeridian Energy Ltd. | 0.07% | 0.22% | 0.07% |
 EDPREDP Renewables SA | 0.07% | 0.89% | 0.07% |
 BLXBoralex Inc | 0.06% | 0.44% | 0.06% |
 VERVerbund AG CLASS'A'NPV | 0.05% | 0.50% | 0.05% |
 NDX1Nordex SE | 0.05% | 1.09% | 0.05% |
 ERGERG SpA | 0.04% | 0.41% | 0.04% |
| Corp ACCIONA Energias Renovables SA | 0.03% | 0.37% | 0.03% |
 S92SMA Solar Technology AG NPV (BR) | 0.01% | 0.26% | 0.01% |
Frequently Asked Questions
How much do FNDC and ICLN overlap?
FNDC and ICLN overlap by 0.9% of portfolio weight. They share 12 holdings (FNDC holds 1580 positions and ICLN holds 123), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and ICLN?
The two portfolios are 0.9% 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 ICLN?
The largest positions held by both funds are SEDG, BEPC, CSIQ, CEN and MEL. Together the top 10 shared positions account for 94% of the total overlap.
What does FNDC own that ICLN doesn't?
1568 positions (98.4% of FNDC) are unique to FNDC, led by 4062, 047040 and TSEMIL-S. In the other direction, 111 positions (92.0% of ICLN) are unique to ICLN.