FNDC vs SPEM: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
Holdings snapshots are 67 days apart (FNDC: 2026-05-31, SPEM: 2026-08-06). 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 SPEM?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776. They have 23 holdings in common, and by portfolio weight the two funds are 0.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23FNDC holds 1580 · SPEM holds 2776
- Weight in Shared Holdings
- FNDC 2%·SPEM 1%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
1557 of 1580 positions (97.4% of the fund) are not held by SPEM. Showing the top 30 by weight.
Only in SPEM
2753 of 2776 positions (108.0% 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% |
| SPEM | +2.8% | +13.1% | +22.8% | +17.3% | +7.2% | +8.6% | 2.48% |
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 SPEM →
Shared Holdings(23)
The top 10 shared positions account for 73% of the overlap, led by EBP, OPL and 1177.
 EBPSantander Bank Polska SA | 0.11% | 0.09% | 0.09% |
|---|---|---|---|
 OPLOrange Polska SA | 0.11% | 0.08% | 0.08% |
 1177Sino Biopharmaceutical Ltd | 0.09% | 0.07% | 0.07% |
 ACPAsseco Poland SA | 0.08% | 0.06% | 0.06% |
 JOYYJOYY Inc., ADR | 0.13% | 0.06% | 0.06% |
 MBKmBank SA | 0.05% | 0.11% | 0.05% |
 868Xinyi Glass Holdings Ltd | 0.11% | 0.04% | 0.04% |
 TITCTitan SA | 0.04% | 0.06% | 0.04% |
 1888Kingboard Laminates Holdings Ltd. | 0.26% | 0.04% | 0.04% |
 ALEWAllegro.eu SA | 0.05% | 0.03% | 0.03% |
 867China Medical System Holdings Ltd | 0.05% | 0.03% | 0.03% |
 151Want Want China Holdings Ltd | 0.06% | 0.03% | 0.03% |
 CDRCD Projekt SA | 0.02% | 0.07% | 0.02% |
 2689Nine Dragons Paper Holdings Ltd | 0.12% | 0.02% | 0.02% |
 3998Bosideng International Holdings Ltd | 0.08% | 0.02% | 0.02% |
 INPSTInPost SA | 0.04% | 0.02% | 0.02% |
 DNPDino Polska SA | 0.05% | 0.02% | 0.02% |
 LPPLPP SA | 0.11% | 0.01% | 0.01% |
 3800GCL-Poly Energy Holdings Ltd. | 0.10% | 0.01% | 0.01% |
 751Skyworth Group Ltd | 0.07% | 0.01% | 0.01% |
 467United Energy Group Ltd | 0.01% | 0.00% | 0.00% |
 3933United Laboratories International Holdings Ltd/The | 0.03% | 0.00% | 0.00% |
 754Hopson Development Holdings Ltd | 0.04% | 0.00% | 0.00% |
Frequently Asked Questions
How much do FNDC and SPEM overlap?
FNDC and SPEM overlap by 0.8% of portfolio weight. They share 23 holdings (FNDC holds 1580 positions and SPEM holds 2776), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and SPEM?
The two portfolios are 0.8% 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 SPEM?
The largest positions held by both funds are EBP, OPL, 1177, ACP and JOYY. Together the top 10 shared positions account for 73% of the total overlap.
What does FNDC own that SPEM doesn't?
1557 positions (97.4% of FNDC) are unique to FNDC, led by 4062, 047040 and TSEMIL-S. In the other direction, 2753 positions (108.0% of SPEM) are unique to SPEM.