FNDC vs SCZ: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
SCZiShares MSCI EAFE Small-Cap ETF
iShares · 2044 holdings · $13.5B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDC: 2026-05-31, SCZ: 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 SCZ?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; iShares MSCI EAFE Small-Cap ETF (SCZ, by iShares) holds 2044. They have 1037 holdings in common, and by portfolio weight the two funds are 43.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 43.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1037FNDC holds 1580 · SCZ holds 2044
- Weight in Shared Holdings
- FNDC 61%·SCZ 57%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
543 of 1580 positions (38.7% of the fund) are not held by SCZ. Showing the top 30 by weight.
Only in SCZ
1007 of 2044 positions (41.8% 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% |
| SCZ | +4.1% | +13.5% | +20.2% | +16.6% | +5.9% | +8.6% | 3.07% |
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 SCZ →
Shared Holdings(1037)
The top 10 shared positions account for 4% of the overlap, led by PLS, IGG and 522.
 PLSPLS Group Ltd | 0.22% | 0.39% | 0.22% |
|---|---|---|---|
 IGGIG Group Holdings PLC | 0.21% | 0.19% | 0.19% |
 522ASMPT Ltd | 0.26% | 0.18% | 0.18% |
 NEXNexans SA | 0.17% | 0.19% | 0.17% |
 IMIIMI PLC | 0.16% | 0.26% | 0.16% |
 6370Kurita Water Industries Ltd. NPV | 0.17% | 0.16% | 0.16% |
 SPMSaipem SpA | 0.15% | 0.19% | 0.15% |
 ANDRAndritz AG NPV (BR) | 0.15% | 0.16% | 0.15% |
 BEZQILSBezeq The Israeli Telecommunication Corp Ltd | 0.15% | 0.21% | 0.15% |
 SPIESPIE SA | 0.15% | 0.23% | 0.15% |
 4021Nissan Chemical Corp. NPV | 0.17% | 0.14% | 0.14% |
 1944Kinden Corp | 0.14% | 0.17% | 0.14% |
 EDENEdenred SE | 0.14% | 0.16% | 0.14% |
 6976Taiyo Yuden Co Ltd. NPV | 0.14% | 0.14% | 0.14% |
 VKVallourec SACA | 0.17% | 0.14% | 0.14% |
 BEZBeazley PLC | 0.13% | 0.29% | 0.13% |
 ACKBAckermans & van Haaren NV | 0.13% | 0.21% | 0.13% |
 GLBGlanbia PLC | 0.16% | 0.13% | 0.13% |
 GALEGalenica AG | 0.13% | 0.15% | 0.13% |
 HWDNHowden Joinery Group PLC | 0.13% | 0.16% | 0.13% |
 6856Horiba Ltd. NPV | 0.17% | 0.13% | 0.13% |
 FROFrontline PLC | 0.13% | 0.14% | 0.13% |
 ENGEnagas SA | 0.15% | 0.12% | 0.12% |
 1942Kandenko Co Ltd | 0.12% | 0.12% | 0.12% |
 8354Fukuoka Financial Group Inc | 0.12% | 0.19% | 0.12% |
Showing the top 250 of 1037 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDC and SCZ overlap?
FNDC and SCZ overlap by 43.2% of portfolio weight. They share 1037 holdings (FNDC holds 1580 positions and SCZ holds 2044), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and SCZ?
The two portfolios are 43.2% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of FNDC and SCZ?
The largest positions held by both funds are PLS, IGG, 522, NEX and IMI. Together the top 10 shared positions account for 4% of the total overlap.
What does FNDC own that SCZ doesn't?
543 positions (38.7% of FNDC) are unique to FNDC, led by 4062, 047040 and TSEMIL-S. In the other direction, 1007 positions (41.8% of SCZ) are unique to SCZ.