FNDC vs IVLU: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
IVLUiShares MSCI Intl Value Factor ETF
iShares · 355 holdings · $4.5B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDC: 2026-05-31, IVLU: 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 IVLU?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; iShares MSCI Intl Value Factor ETF (IVLU, by iShares) holds 355. They have 30 holdings in common, and by portfolio weight the two funds are 1.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 30FNDC holds 1580 · IVLU holds 355
- Weight in Shared Holdings
- FNDC 3%·IVLU 2%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
1550 of 1580 positions (96.2% of the fund) are not held by IVLU. 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% |
| IVLU | +4.9% | +18.8% | +35.6% | +24.5% | +15.9% | +11.5% | 3.16% |
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 IVLU →
Shared Holdings(30)
The top 10 shared positions account for 54% of the overlap, led by 7735, 66 and 3003.
 7735Screen Holdings Co Ltd. NPV | 0.17% | 0.14% | 0.14% |
|---|---|---|---|
 66MTR Corp Ltd. NPV | 0.12% | 0.10% | 0.10% |
 3003Hulic Co. Ltd. | 0.13% | 0.08% | 0.08% |
 BMPSBanca Monte dei Paschi di Siena S.p.A. NPV (POST SPLT) | 0.08% | 0.14% | 0.08% |
 83Sino Land Co. Ltd. | 0.08% | 0.13% | 0.08% |
 IPNIpsen SA | 0.13% | 0.07% | 0.07% |
 7186Concordia Financial Group Ltd. | 0.15% | 0.07% | 0.07% |
 QANQantas Airways Ltd. NPV | 0.08% | 0.06% | 0.06% |
 EDVEndeavour Mining PLC | 0.13% | 0.06% | 0.06% |
 8331Chiba Bank Ltd. (The) | 0.13% | 0.06% | 0.06% |
 8473SBI Holdings Inc NPV | 0.06% | 0.07% | 0.06% |
 NICEILSNice Ltd. | 0.05% | 0.10% | 0.05% |
 HKLHongkong Land Holdings Ltd | 0.15% | 0.05% | 0.05% |
 VCXVicinity Ltd. | 0.12% | 0.04% | 0.04% |
 8951Nippon Building Fund Inc. REIT | 0.08% | 0.04% | 0.04% |
 LIKlepierre SA EUR1.40 | 0.14% | 0.04% | 0.04% |
 1997Wharf Real Estate Investment Co. Ltd. | 0.13% | 0.04% | 0.04% |
 TLXTalanx AG | 0.12% | 0.04% | 0.04% |
 BOLBollore SE | 0.04% | 0.05% | 0.04% |
 ANAAcciona SA | 0.14% | 0.03% | 0.03% |
 1038CK Infrastructure Holdings Ltd. | 0.03% | 0.04% | 0.03% |
 AMUNAmundi SA | 0.15% | 0.03% | 0.03% |
 SCISembcorp Industries Ltd. NPV | 0.08% | 0.03% | 0.03% |
 9435Hikari Tsushin, Inc. | 0.08% | 0.03% | 0.03% |
 4151Kyowa Kirin Co. Ltd. | 0.10% | 0.03% | 0.03% |
Frequently Asked Questions
How much do FNDC and IVLU overlap?
FNDC and IVLU overlap by 1.5% of portfolio weight. They share 30 holdings (FNDC holds 1580 positions and IVLU holds 355), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and IVLU?
The two portfolios are 1.5% 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 IVLU?
The largest positions held by both funds are 7735, 66, 3003, BMPS and 83. Together the top 10 shared positions account for 54% of the total overlap.
What does FNDC own that IVLU doesn't?
1550 positions (96.2% of FNDC) are unique to FNDC, led by 4062, 047040 and TSEMIL-S. In the other direction, 325 positions (97.6% of IVLU) are unique to IVLU.