FNDC vs NFRA: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDC: 2026-05-31, NFRA: 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 NFRA?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185. They have 22 holdings in common, and by portfolio weight the two funds are 1.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 22FNDC holds 1580 · NFRA holds 185
- Weight in Shared Holdings
- FNDC 2%·NFRA 4%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
1558 of 1580 positions (97.7% of the fund) are not held by NFRA. Showing the top 30 by weight.
Only in NFRA
163 of 185 positions (95.5% 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% |
| NFRA | +1.4% | +10.0% | +12.8% | +12.9% | +6.1% | +6.9% | 5.63% |
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 NFRA →
Shared Holdings(22)
The top 10 shared positions account for 67% of the overlap, led by SES, 66 and PNN.
 SESSecure Waste Infrastructure Corp. | 0.13% | 0.17% | 0.13% |
|---|---|---|---|
 66MTR Corp. Ltd. | 0.12% | 0.32% | 0.12% |
 PNNPennon Group PLC | 0.11% | 0.16% | 0.11% |
 QUBQube Holdings Ltd. | 0.11% | 0.30% | 0.11% |
 9007Odakyu Electric Railway Co. Ltd. | 0.09% | 0.15% | 0.09% |
 9142Kyushu Railway Co. | 0.09% | 0.17% | 0.09% |
 9364Kamigumi Co. Ltd. | 0.09% | 0.14% | 0.09% |
 GETGetlink SE | 0.08% | 0.32% | 0.08% |
 CWYCleanaway Waste Management Ltd. | 0.08% | 0.16% | 0.08% |
 GFLGFL Environmental, Inc. | 0.07% | 0.65% | 0.07% |
 ENGEnagas SA | 0.15% | 0.06% | 0.06% |
 FHZNFlughafen Zurich AG (Registered) | 0.06% | 0.25% | 0.06% |
 9009Keisei Electric Railway Co. Ltd. | 0.06% | 0.16% | 0.06% |
 BFSABefesa SA | 0.06% | 0.06% | 0.06% |
 SOBOSouth Bow Corp. | 0.05% | 0.12% | 0.05% |
 VPKKoninklijke Vopak NV | 0.08% | 0.05% | 0.05% |
 AIAAuckland International Airport Ltd. | 0.04% | 0.39% | 0.04% |
 POSTOesterreichische Post AG | 0.03% | 0.06% | 0.03% |
 9793Daiseki Co. Ltd. | 0.03% | 0.06% | 0.03% |
 INWInfrastrutture Wireless Italiane SpA | 0.03% | 0.06% | 0.03% |
| Singapore Post Ltd. | 0.02% | 0.02% | 0.02% |
 HTWSHelios Towers PLC | 0.01% | 0.08% | 0.01% |
Frequently Asked Questions
How much do FNDC and NFRA overlap?
FNDC and NFRA overlap by 1.4% of portfolio weight. They share 22 holdings (FNDC holds 1580 positions and NFRA holds 185), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and NFRA?
The two portfolios are 1.4% 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 NFRA?
The largest positions held by both funds are SES, 66, PNN, QUB and 9007. Together the top 10 shared positions account for 67% of the total overlap.
What does FNDC own that NFRA doesn't?
1558 positions (97.7% of FNDC) are unique to FNDC, led by 4062, 047040 and TSEMIL-S. In the other direction, 163 positions (95.5% of NFRA) are unique to NFRA.