FNDC vs SHLD: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
Global X · 48 holdings · $7.6B · as of 2026-05-31
How similar are FNDC and SHLD?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; Global X Defense Tech ETF (SHLD, by Global X) holds 48. They have 10 holdings in common, and by portfolio weight the two funds are 0.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10FNDC holds 1580 · SHLD holds 48
- Weight in Shared Holdings
- FNDC 1%·SHLD 18%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
1570 of 1580 positions (98.6% of the fund) are not held by SHLD. 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% |
| SHLD | +8.2% | +6.9% | +11.2% | — | — | — | 0.61% |
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 SHLD →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by ESLTIL-S, BAB and SAABB.
 ESLTIL-SElbit Systems Ltd. | 0.15% | 4.13% | 0.15% |
|---|---|---|---|
 BABBabcock International Group PLC | 0.10% | 1.19% | 0.10% |
 SAABBSaab AB, Class B | 0.10% | 3.82% | 0.10% |
 QQ-QinetiQ Group PLC | 0.08% | 0.46% | 0.08% |
 012450Hanwha Aerospace Co Ltd | 0.07% | 4.40% | 0.07% |
 047810Korea Aerospace Industries Ltd | 0.05% | 1.34% | 0.05% |
 AMDassault Aviation SA | 0.04% | 1.06% | 0.04% |
 CHGChemring Group PLC | 0.03% | 0.33% | 0.03% |
 HAGHensoldt AG | 0.03% | 1.06% | 0.03% |
| Austal Ltd | 0.02% | 0.11% | 0.02% |
Frequently Asked Questions
How much do FNDC and SHLD overlap?
FNDC and SHLD overlap by 0.7% of portfolio weight. They share 10 holdings (FNDC holds 1580 positions and SHLD holds 48), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and SHLD?
The two portfolios are 0.7% 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 SHLD?
The largest positions held by both funds are ESLTIL-S, BAB, SAABB, QQ- and 012450. Together the top 10 shared positions account for 100% of the total overlap.
What does FNDC own that SHLD doesn't?
1570 positions (98.6% of FNDC) are unique to FNDC, led by 4062, 047040 and TSEMIL-S. In the other direction, 38 positions (81.7% of SHLD) are unique to SHLD.