FNDC vs SPDW: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
Holdings snapshots are 65 days apart (FNDC: 2026-05-31, SPDW: 2026-08-04). 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 SPDW?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342. They have 894 holdings in common, and by portfolio weight the two funds are 12.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 894FNDC holds 1580 · SPDW holds 2342
- Weight in Shared Holdings
- FNDC 68%·SPDW 13%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
686 of 1580 positions (31.0% of the fund) are not held by SPDW. 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% |
| SPDW | +3.1% | +17.9% | +30.1% | +19.9% | +10.1% | +10.3% | 2.94% |
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 SPDW →
Shared Holdings(894)
The top 10 shared positions account for 8% of the overlap, led by CCJ, CLS and ADYEN.
 CCJCameco Corp | 0.11% | 0.15% | 0.11% |
|---|---|---|---|
 CLSCelestica Inc | 0.28% | 0.10% | 0.10% |
 ADYENAdyen NV | 0.11% | 0.10% | 0.10% |
 4062Ibiden Co Ltd. NPV | 0.69% | 0.10% | 0.10% |
 FERFerrovial N.V. | 0.12% | 0.10% | 0.10% |
 SESea Ltd. | 0.09% | 0.12% | 0.09% |
 IHGInterContinental Hotels Group PLC | 0.14% | 0.09% | 0.09% |
 BMPSBanca Monte dei Paschi di Siena SpA | 0.08% | 0.09% | 0.08% |
 7936Asics Corp NPV | 0.14% | 0.08% | 0.08% |
 SAABBSaab AB | 0.10% | 0.08% | 0.08% |
 GALDGalderma Group AG | 0.07% | 0.12% | 0.07% |
 BBD-BBombardier Inc | 0.16% | 0.07% | 0.07% |
 012450Hanwha Aerospace Co Ltd | 0.07% | 0.07% | 0.07% |
 068270Celltrion Inc | 0.10% | 0.07% | 0.07% |
 TSEMIL-STower Semiconductor Ltd | 0.44% | 0.07% | 0.07% |
 4661Oriental Land Co Ltd/Japan | 0.09% | 0.06% | 0.06% |
 6920Lasertec Corp. NPV | 0.08% | 0.06% | 0.06% |
 HBANHelvetia Baloise Holding AG | 0.22% | 0.06% | 0.06% |
 ESLTIL-SElbit Systems Ltd. | 0.15% | 0.06% | 0.06% |
 VACNVAT Group AG | 0.14% | 0.06% | 0.06% |
 032830Samsung Life Insurance Co Ltd | 0.37% | 0.06% | 0.06% |
 BESIBE Semiconductor Industries NV | 0.16% | 0.06% | 0.06% |
 HLMAHalma PLC | 0.19% | 0.06% | 0.06% |
 EVNEvolution Mining Ltd | 0.15% | 0.06% | 0.06% |
 PAASPan American Silver Corp | 0.19% | 0.06% | 0.06% |
Showing the top 250 of 894 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDC and SPDW overlap?
FNDC and SPDW overlap by 12.0% of portfolio weight. They share 894 holdings (FNDC holds 1580 positions and SPDW holds 2342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and SPDW?
The two portfolios are 12.0% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of FNDC and SPDW?
The largest positions held by both funds are CCJ, CLS, ADYEN, 4062 and FER. Together the top 10 shared positions account for 8% of the total overlap.
What does FNDC own that SPDW doesn't?
686 positions (31.0% of FNDC) are unique to FNDC, led by 1888, Kloeckner & Co SE and KLIC. In the other direction, 1448 positions (86.0% of SPDW) are unique to SPDW.