FNDC vs VNQI: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDC: 2026-05-31, VNQI: 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 VNQI?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 116 holdings in common, and by portfolio weight the two funds are 6.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 116FNDC holds 1580 · VNQI holds 710
- Weight in Shared Holdings
- FNDC 6%·VNQI 36%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
1464 of 1580 positions (93.2% of the fund) are not held by VNQI. 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% |
| VNQI | +1.6% | +0.8% | +3.4% | +8.5% | -0.7% | +2.2% | 4.66% |
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 VNQI →
Shared Holdings(116)
The top 10 shared positions account for 21% of the overlap, led by HKL, LI and REI-U.
 HKLHongkong Land Holdings Ltd | 0.15% | 0.71% | 0.15% |
|---|---|---|---|
 LIKlepierre SA | 0.14% | 0.81% | 0.14% |
 REI-URioCan Real Estate Investment Trust | 0.13% | 0.20% | 0.13% |
 1997Wharf Real Estate Investment Co Ltd | 0.13% | 0.46% | 0.13% |
 3003Hulic Co Ltd | 0.13% | 0.69% | 0.13% |
 LANDLand Securities Group PLC | 0.12% | 0.54% | 0.12% |
 VCXVicinity Ltd | 0.12% | 0.64% | 0.12% |
 MGRMirvac Group | 0.11% | 0.44% | 0.11% |
 SPSNSwiss Prime Site AG | 0.11% | 1.26% | 0.11% |
 8804Tokyo Tatemono Co Ltd | 0.11% | 0.43% | 0.11% |
 SGROSegro PLC | 0.11% | 1.16% | 0.11% |
 12Henderson Land Development Co Ltd | 0.11% | 0.49% | 0.11% |
 3231Nomura Real Estate Holdings Inc | 0.11% | 0.31% | 0.11% |
 CICTCapitaLand Integrated Commercial Trust | 0.10% | 0.98% | 0.10% |
 CLARCapitaLand Ascendas REIT | 0.10% | 0.75% | 0.10% |
 UOLUOL Group Ltd | 0.10% | 0.35% | 0.10% |
 CASTCastellum AB | 0.09% | 0.43% | 0.09% |
 8951Nippon Building Fund Inc | 0.08% | 0.67% | 0.08% |
 83Sino Land Co Ltd | 0.08% | 0.55% | 0.08% |
 CITCity Developments Ltd | 0.08% | 0.33% | 0.08% |
 BLNDBritish Land Co PLC/The | 0.08% | 0.49% | 0.08% |
 HR-UH&R Real Estate Investment Trust | 0.08% | 0.09% | 0.08% |
 LEGLEG Immobilien SE | 0.08% | 0.48% | 0.08% |
 8953Japan Metropolitan Fund Invest | 0.08% | 0.48% | 0.08% |
 GPTGPT Group/The | 0.08% | 0.60% | 0.08% |
Frequently Asked Questions
How much do FNDC and VNQI overlap?
FNDC and VNQI overlap by 6.0% of portfolio weight. They share 116 holdings (FNDC holds 1580 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and VNQI?
The two portfolios are 6.0% 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 VNQI?
The largest positions held by both funds are HKL, LI, REI-U, 1997 and 3003. Together the top 10 shared positions account for 21% of the total overlap.
What does FNDC own that VNQI doesn't?
1464 positions (93.2% of FNDC) are unique to FNDC, led by 4062, 047040 and TSEMIL-S. In the other direction, 594 positions (63.0% of VNQI) are unique to VNQI.