FNDC vs REET: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
iShares · 347 holdings · $5.1B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDC: 2026-05-31, REET: 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 REET?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; iShares Global REIT ETF (REET, by iShares) holds 347. They have 75 holdings in common, and by portfolio weight the two funds are 3.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 75FNDC holds 1580 · REET holds 347
- Weight in Shared Holdings
- FNDC 4%·REET 15%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
1505 of 1580 positions (95.5% of the fund) are not held by REET. 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% |
| REET | +0.4% | +14.5% | +17.8% | +10.2% | +2.7% | +4.0% | 3.29% |
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 REET →
Shared Holdings(75)
The top 10 shared positions account for 29% of the overlap, led by LI, REI-U and LAND.
 LIKlepierre SA | 0.14% | 0.47% | 0.14% |
|---|---|---|---|
 REI-URioCan Real Estate Investment Trust | 0.13% | 0.26% | 0.13% |
 LANDLand Securities Group PLC | 0.12% | 0.33% | 0.12% |
 VCXVicinity Ltd | 0.12% | 0.39% | 0.12% |
 MGRMirvac Group | 0.11% | 0.27% | 0.11% |
 SGROSegro PLC | 0.11% | 0.71% | 0.11% |
 CICTCapitaLand Integrated Commercial Trust | 0.10% | 0.61% | 0.10% |
 CLARCapitaLand Ascendas REIT | 0.10% | 0.44% | 0.10% |
 8951Nippon Building Fund Inc | 0.08% | 0.38% | 0.08% |
 BLNDBritish Land Co PLC/The | 0.08% | 0.29% | 0.08% |
 HR-UH&R Real Estate Investment Trust | 0.08% | 0.11% | 0.08% |
 8953Japan Metropolitan Fund Invest | 0.08% | 0.28% | 0.08% |
 GPTGPT Group/The | 0.08% | 0.37% | 0.08% |
 CAR-UCanadian Apartment Properties REIT | 0.07% | 0.23% | 0.07% |
 DXSDexus | 0.07% | 0.26% | 0.07% |
 COVCovivio SA/France | 0.07% | 0.20% | 0.07% |
 GFCGecina SA | 0.07% | 0.24% | 0.07% |
 8952Japan Real Estate Investment Corp | 0.07% | 0.28% | 0.07% |
 3462Nomura Real Estate Master Fund Inc | 0.07% | 0.24% | 0.07% |
 FCR-UFirst Capital Real Estate Investment Trust | 0.07% | 0.20% | 0.07% |
 CHCCharter Hall Group | 0.07% | 0.38% | 0.07% |
 MRLMerlin Properties Socimi SA | 0.07% | 0.40% | 0.07% |
 GRT-UGranite Real Estate Investment Trust | 0.06% | 0.23% | 0.06% |
 ICADICADE | 0.05% | 0.06% | 0.05% |
 8984Daiwa House REIT Investment Corp | 0.05% | 0.18% | 0.05% |
Frequently Asked Questions
How much do FNDC and REET overlap?
FNDC and REET overlap by 3.7% of portfolio weight. They share 75 holdings (FNDC holds 1580 positions and REET holds 347), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and REET?
The two portfolios are 3.7% 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 REET?
The largest positions held by both funds are LI, REI-U, LAND, VCX and MGR. Together the top 10 shared positions account for 29% of the total overlap.
What does FNDC own that REET doesn't?
1505 positions (95.5% of FNDC) are unique to FNDC, led by 4062, 047040 and TSEMIL-S. In the other direction, 272 positions (85.0% of REET) are unique to REET.