FNDC vs IWN: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
Holdings snapshots are 61 days apart (FNDC: 2026-05-31, IWN: 2026-03-31). 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 IWN?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406. They have 16 holdings in common, and by portfolio weight the two funds are 1.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16FNDC holds 1580 · IWN holds 1406
- Weight in Shared Holdings
- FNDC 1%·IWN 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
1564 of 1580 positions (97.8% of the fund) are not held by IWN. 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% |
| IWN | +2.4% | +25.3% | +42.6% | +16.8% | +9.0% | +10.2% | 1.41% |
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 IWN →
Shared Holdings(16)
The top 10 shared positions account for 84% of the overlap, led by SSRM, CSTM and BIPC.
 SSRMSSR Mining, Inc. | 0.18% | 0.41% | 0.18% |
|---|---|---|---|
 CSTMConstellium SE, Class A | 0.29% | 0.15% | 0.15% |
 BIPCBrookfield Infrastructure Corp., Class A | 0.14% | 0.33% | 0.14% |
 KLICKulicke & Soffa Industries, Inc. | 0.20% | 0.10% | 0.10% |
 GTXGarrett Motion, Inc. | 0.10% | 0.22% | 0.10% |
 LIONLionsgate Studios Corp. | 0.07% | 0.14% | 0.07% |
 TNKTeekay Tankers Ltd., Class A | 0.06% | 0.12% | 0.06% |
 SFLSFL Corp. Ltd. | 0.06% | 0.09% | 0.06% |
 DOLEDole PLC | 0.05% | 0.07% | 0.05% |
 DECDiversified Energy Co. | 0.05% | 0.08% | 0.05% |
 CMPRCimpress PLC | 0.04% | 0.07% | 0.04% |
 ALKSAlkermes PLC | 0.04% | 0.10% | 0.04% |
 BRSLBrightstar Lottery PLC | 0.04% | 0.09% | 0.04% |
 BBUCBrookfield Business Corp. | 0.05% | 0.03% | 0.03% |
| Burford Capital Ltd. | 0.01% | 0.02% | 0.01% |
 NATNordic American Tankers Ltd. | 0.01% | 0.08% | 0.01% |
Frequently Asked Questions
How much do FNDC and IWN overlap?
FNDC and IWN overlap by 1.1% of portfolio weight. They share 16 holdings (FNDC holds 1580 positions and IWN holds 1406), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and IWN?
The two portfolios are 1.1% 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 IWN?
The largest positions held by both funds are SSRM, CSTM, BIPC, KLIC and GTX. Together the top 10 shared positions account for 84% of the total overlap.
What does FNDC own that IWN doesn't?
1564 positions (97.8% of FNDC) are unique to FNDC, led by 4062, 047040 and TSEMIL-S. In the other direction, 1390 positions (97.5% of IWN) are unique to IWN.