FNDC vs IPAC: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
IPACiShares Core MSCI Pacific ETF
iShares · 1375 holdings · $2.7B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDC: 2026-05-31, IPAC: 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 IPAC?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; iShares Core MSCI Pacific ETF (IPAC, by iShares) holds 1375. They have 638 holdings in common, and by portfolio weight the two funds are 15.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 638FNDC holds 1580 · IPAC holds 1375
- Weight in Shared Holdings
- FNDC 39%·IPAC 17%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
942 of 1580 positions (59.8% of the fund) are not held by IPAC. 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% |
| IPAC | +4.8% | +18.9% | +27.2% | +18.2% | +9.0% | +9.1% | 3.71% |
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 IPAC →
Shared Holdings(638)
The top 10 shared positions account for 9% of the overlap, led by 4062, PLS and EVN.
 4062Ibiden Co Ltd. NPV | 0.69% | 0.22% | 0.22% |
|---|---|---|---|
 PLSPLS Group Ltd | 0.22% | 0.16% | 0.16% |
 EVNEvolution Mining Ltd | 0.15% | 0.19% | 0.15% |
 SGXSingapore Exchange Ltd | 0.14% | 0.16% | 0.14% |
 7936Asics Corp NPV | 0.14% | 0.21% | 0.14% |
 STESingapore Technologies Engineering Ltd | 0.13% | 0.15% | 0.13% |
 8697Japan Exchange Group, Inc. | 0.13% | 0.13% | 0.13% |
 7735Screen Holdings Co Ltd. NPV | 0.17% | 0.12% | 0.12% |
 7186Yokohama Financial Group Inc | 0.15% | 0.11% | 0.11% |
 FPHFisher & Paykel Healthcare Corp Ltd | 0.11% | 0.14% | 0.11% |
 9766Konami Group Corp. NPV | 0.11% | 0.13% | 0.11% |
 CICTCapitaLand Integrated Commercial Trust | 0.10% | 0.12% | 0.10% |
 HKLHongkong Land Holdings Ltd | 0.15% | 0.09% | 0.09% |
 SESea Ltd. | 0.09% | 0.37% | 0.09% |
 4661Oriental Land Co Ltd/Japan | 0.09% | 0.16% | 0.09% |
 27Galaxy Entertainment Group Ltd | 0.09% | 0.09% | 0.09% |
 CLARCapitaLand Ascendas REIT | 0.10% | 0.09% | 0.09% |
 ALQALS Ltd | 0.10% | 0.09% | 0.09% |
 6525Kokusai Electric Corp. NPV | 0.11% | 0.09% | 0.09% |
 5831Shizuoka Financial Group Inc | 0.12% | 0.09% | 0.09% |
 8331Chiba Bank Ltd/The | 0.13% | 0.09% | 0.09% |
 6920Lasertec Corp. NPV | 0.08% | 0.24% | 0.08% |
 VCXVicinity Ltd | 0.12% | 0.08% | 0.08% |
 8354Fukuoka Financial Group Inc | 0.12% | 0.08% | 0.08% |
 7167Mebuki Financial Group Inc | 0.12% | 0.08% | 0.08% |
Showing the top 250 of 638 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDC and IPAC overlap?
FNDC and IPAC overlap by 15.3% of portfolio weight. They share 638 holdings (FNDC holds 1580 positions and IPAC holds 1375), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and IPAC?
The two portfolios are 15.3% 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 IPAC?
The largest positions held by both funds are 4062, PLS, EVN, SGX and 7936. Together the top 10 shared positions account for 9% of the total overlap.
What does FNDC own that IPAC doesn't?
942 positions (59.8% of FNDC) are unique to FNDC, led by 047040, TSEMIL-S and 032830. In the other direction, 737 positions (82.1% of IPAC) are unique to IPAC.