FNDC vs IEFA: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
IEFAiShares Core MSCI EAFE ETF
iShares · 2632 holdings · $193.5B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDC: 2026-05-31, IEFA: 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 IEFA?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; iShares Core MSCI EAFE ETF (IEFA, by iShares) holds 2632. They have 1167 holdings in common, and by portfolio weight the two funds are 13.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1167FNDC holds 1580 · IEFA holds 2632
- Weight in Shared Holdings
- FNDC 74%·IEFA 14%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
413 of 1580 positions (25.3% of the fund) are not held by IEFA. 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% |
| IEFA | +4.2% | +14.8% | +24.5% | +17.9% | +9.3% | +9.8% | 3.25% |
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 IEFA →
Shared Holdings(1167)
The top 10 shared positions account for 7% of the overlap, led by FER, ADYEN and ESLTIL-S.
 FERFerrovial N.V. | 0.12% | 0.14% | 0.12% |
|---|---|---|---|
 ADYENAdyen NV | 0.11% | 0.11% | 0.11% |
 ESLTIL-SElbit Systems Ltd. | 0.15% | 0.10% | 0.10% |
 TSEMIL-STower Semiconductor Ltd | 0.44% | 0.09% | 0.09% |
 SESea Ltd. | 0.09% | 0.13% | 0.09% |
 HLMAHalma PLC | 0.19% | 0.09% | 0.09% |
 HBANHelvetia Baloise Holding AG | 0.22% | 0.09% | 0.09% |
 BESIBE Semiconductor Industries NV | 0.16% | 0.08% | 0.08% |
 6920Lasertec Corp. NPV | 0.08% | 0.09% | 0.08% |
 BMPSBanca Monte dei Paschi di Siena SpA | 0.08% | 0.08% | 0.08% |
 IHGInterContinental Hotels Group PLC | 0.14% | 0.08% | 0.08% |
 4062Ibiden Co Ltd. NPV | 0.69% | 0.08% | 0.08% |
 VACNVAT Group AG | 0.14% | 0.08% | 0.08% |
 7936Asics Corp NPV | 0.14% | 0.08% | 0.08% |
 SAABBSaab AB | 0.10% | 0.08% | 0.08% |
 GALDGalderma Group AG | 0.07% | 0.15% | 0.07% |
 EVNEvolution Mining Ltd | 0.15% | 0.07% | 0.07% |
 EQTEQT AB | 0.09% | 0.06% | 0.06% |
 FBKFinecoBank Banca Fineco SpA | 0.12% | 0.06% | 0.06% |
 4661Oriental Land Co Ltd/Japan | 0.09% | 0.06% | 0.06% |
 KOGKongsberg Gruppen ASA | 0.07% | 0.06% | 0.06% |
 PLSPLS Group Ltd | 0.22% | 0.06% | 0.06% |
 SGXSingapore Exchange Ltd | 0.14% | 0.06% | 0.06% |
 SPSNSwiss Prime Site AG | 0.11% | 0.06% | 0.06% |
 STESingapore Technologies Engineering Ltd | 0.13% | 0.05% | 0.05% |
Showing the top 250 of 1167 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDC and IEFA overlap?
FNDC and IEFA overlap by 13.8% of portfolio weight. They share 1167 holdings (FNDC holds 1580 positions and IEFA holds 2632), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and IEFA?
The two portfolios are 13.8% 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 IEFA?
The largest positions held by both funds are FER, ADYEN, ESLTIL-S, TSEMIL-S and SE. Together the top 10 shared positions account for 7% of the total overlap.
What does FNDC own that IEFA doesn't?
413 positions (25.3% of FNDC) are unique to FNDC, led by 047040, 032830 and 006260. In the other direction, 1465 positions (85.1% of IEFA) are unique to IEFA.