FNDC vs IQLT: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
IQLTiShares MSCI Intl Quality Factor ETF
iShares · 309 holdings · $14.0B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDC: 2026-05-31, IQLT: 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 IQLT?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; iShares MSCI Intl Quality Factor ETF (IQLT, by iShares) holds 309. They have 83 holdings in common, and by portfolio weight the two funds are 5.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 83FNDC holds 1580 · IQLT holds 309
- Weight in Shared Holdings
- FNDC 7%·IQLT 8%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
1497 of 1580 positions (91.8% of the fund) are not held by IQLT. 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% |
| IQLT | +4.5% | +15.4% | +24.8% | +16.1% | +8.2% | +10.1% | 2.31% |
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 IQLT →
Shared Holdings(83)
The top 10 shared positions account for 29% of the overlap, led by CLS, HBAN and BESI.
 CLSCelestica, Inc. | 0.28% | 0.44% | 0.28% |
|---|---|---|---|
 HBANHelvetia Baloise Holding AG | 0.22% | 0.26% | 0.22% |
 BESIBE Semiconductor Industries NV | 0.16% | 0.20% | 0.16% |
 PHOE1ILSPhoenix Financial Ltd | 0.15% | 0.18% | 0.15% |
 VACNVAT Group AG | 0.14% | 0.30% | 0.14% |
 SGXSingapore Exchange Ltd | 0.14% | 0.26% | 0.14% |
 7936Asics Corp NPV | 0.14% | 0.22% | 0.14% |
 HLMAHalma PLC | 0.19% | 0.14% | 0.14% |
 STESingapore Technologies Engineering Ltd | 0.13% | 0.14% | 0.13% |
 EVOEvolution AB | 0.14% | 0.13% | 0.13% |
 8697Japan Exchange Group, Inc. | 0.13% | 0.19% | 0.13% |
 FBKFinecoBank Banca Fineco SpA | 0.12% | 0.26% | 0.12% |
 ADYENAdyen NV | 0.11% | 0.46% | 0.11% |
 SGROSegro PLC | 0.11% | 0.12% | 0.11% |
 EVNEvolution Mining Ltd | 0.15% | 0.11% | 0.11% |
 9766Konami Group Corp. NPV | 0.11% | 0.15% | 0.11% |
 TRYGTryg A/S | 0.12% | 0.10% | 0.10% |
 CICTCapitaLand Integrated Commercial Trust | 0.10% | 0.11% | 0.10% |
 ENXEuronext NV | 0.09% | 0.16% | 0.09% |
 TLXTalanx AG | 0.12% | 0.09% | 0.09% |
 EQTEQT AB | 0.09% | 0.19% | 0.09% |
 XCADTMX Group Ltd. | 0.08% | 0.12% | 0.08% |
 6920Lasertec Corp. NPV | 0.08% | 0.27% | 0.08% |
 GJFGjensidige Forsikring ASA | 0.08% | 0.10% | 0.08% |
 7735Screen Holdings Co Ltd. NPV | 0.17% | 0.08% | 0.08% |
Frequently Asked Questions
How much do FNDC and IQLT overlap?
FNDC and IQLT overlap by 5.7% of portfolio weight. They share 83 holdings (FNDC holds 1580 positions and IQLT holds 309), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and IQLT?
The two portfolios are 5.7% 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 IQLT?
The largest positions held by both funds are CLS, HBAN, BESI, PHOE1ILS and VACN. Together the top 10 shared positions account for 29% of the total overlap.
What does FNDC own that IQLT doesn't?
1497 positions (91.8% of FNDC) are unique to FNDC, led by 4062, 047040 and TSEMIL-S. In the other direction, 226 positions (90.9% of IQLT) are unique to IQLT.