FNDC vs IEMG: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
IEMGiShares Core MSCI Emerging Markets ETF
iShares · 2697 holdings · $156.6B · as of 2026-05-31
How similar are FNDC and IEMG?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; iShares Core MSCI Emerging Markets ETF (IEMG, by iShares) holds 2697. They have 148 holdings in common, and by portfolio weight the two funds are 2.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 148FNDC holds 1580 · IEMG holds 2697
- Weight in Shared Holdings
- FNDC 11%·IEMG 3%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
1432 of 1580 positions (87.9% of the fund) are not held by IEMG. Showing the top 30 by weight.
Only in IEMG
2549 of 2697 positions (96.3% 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% |
| IEMG | +0.3% | +19.9% | +33.4% | +20.1% | +7.8% | +9.0% | 2.25% |
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 IEMG →
Shared Holdings(148)
The top 10 shared positions account for 29% of the overlap, led by 032830, 068270 and 010120.
 032830Samsung Life Insurance Co Ltd | 0.37% | 0.14% | 0.14% |
|---|---|---|---|
 068270Celltrion Inc | 0.10% | 0.13% | 0.10% |
 010120LS Electric Co Ltd | 0.11% | 0.08% | 0.08% |
 009540HD Korea Shipbuilding & Offshore Engineering Co Ltd | 0.15% | 0.08% | 0.08% |
 012450Hanwha Aerospace Co Ltd | 0.07% | 0.18% | 0.07% |
 373220LG Energy Solution Ltd | 0.07% | 0.10% | 0.07% |
 000150Doosan Co Ltd | 0.25% | 0.07% | 0.07% |
 086520Ecopro Co Ltd | 0.07% | 0.06% | 0.06% |
 035720Kakao Corp | 0.08% | 0.06% | 0.06% |
 006800Mirae Asset Securities Co Ltd | 0.15% | 0.06% | 0.06% |
 010140Samsung Heavy Industries Co Ltd | 0.05% | 0.09% | 0.05% |
 047810Korea Aerospace Industries Ltd | 0.05% | 0.06% | 0.05% |
 ALEWAllegro.eu SA | 0.05% | 0.05% | 0.05% |
 LPPLPP SA | 0.11% | 0.05% | 0.05% |
 1888Kingboard Laminates Holdings Ltd. | 0.26% | 0.05% | 0.05% |
 EBPSantander Bank Polska SA | 0.11% | 0.05% | 0.05% |
 1177Sino Biopharmaceutical Ltd | 0.09% | 0.04% | 0.04% |
 071050Korea Investment Holdings Co Ltd | 0.14% | 0.04% | 0.04% |
 247540Ecopro BM Co Ltd | 0.04% | 0.05% | 0.04% |
 MBKmBank SA | 0.05% | 0.04% | 0.04% |
 138040Meritz Financial Group Inc | 0.10% | 0.04% | 0.04% |
 028050Samsung E&A Co Ltd | 0.28% | 0.04% | 0.04% |
 006260LS Corp | 0.29% | 0.04% | 0.04% |
 353200Daeduck Electronics Co Ltd / New | 0.17% | 0.03% | 0.03% |
 259960Krafton Inc | 0.07% | 0.03% | 0.03% |
Frequently Asked Questions
How much do FNDC and IEMG overlap?
FNDC and IEMG overlap by 2.8% of portfolio weight. They share 148 holdings (FNDC holds 1580 positions and IEMG holds 2697), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and IEMG?
The two portfolios are 2.8% 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 IEMG?
The largest positions held by both funds are 032830, 068270, 010120, 009540 and 012450. Together the top 10 shared positions account for 29% of the total overlap.
What does FNDC own that IEMG doesn't?
1432 positions (87.9% of FNDC) are unique to FNDC, led by 4062, TSEMIL-S and CSTM. In the other direction, 2549 positions (96.3% of IEMG) are unique to IEMG.