FNDC vs VSS: Holdings Overlap
FNDCSchwab Fundamental International Small Equity ETF
Schwab · 1580 holdings · $3.1B · as of 2026-05-31
VSSVanguard FTSE All-world Ex-us Small-cap Index Fund
Vanguard · 4810 holdings · $11.7B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDC: 2026-05-31, VSS: 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 VSS?
Schwab Fundamental International Small Equity ETF (FNDC, by Schwab) holds 1580 positions; Vanguard FTSE All-world Ex-us Small-cap Index Fund (VSS, by Vanguard) holds 4810. They have 884 holdings in common, and by portfolio weight the two funds are 30.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 30.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 884FNDC holds 1580 · VSS holds 4810
- Weight in Shared Holdings
- FNDC 48%·VSS 39%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
696 of 1580 positions (51.4% of the fund) are not held by VSS. Showing the top 30 by weight.
Only in VSS
3926 of 4810 positions (60.0% 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% |
| VSS | +3.4% | +11.3% | +19.8% | +15.6% | +6.0% | +8.0% | 3.14% |
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 VSS →
Shared Holdings(884)
The top 10 shared positions account for 5% of the overlap, led by HBM, IGG and NEX.
 HBMHudbay Minerals Inc | 0.20% | 0.23% | 0.20% |
|---|---|---|---|
 IGGIG Group Holdings PLC | 0.21% | 0.18% | 0.18% |
 NEXNexans SA | 0.17% | 0.20% | 0.17% |
 SSRMSSR Mining Inc COM | 0.18% | 0.16% | 0.16% |
 SPMSaipem SpA | 0.15% | 0.19% | 0.15% |
 GALEGalenica AG | 0.13% | 0.14% | 0.13% |
 VKVallourec SACA | 0.17% | 0.13% | 0.13% |
 047040Daewoo Engineering & Construction Co Ltd | 0.49% | 0.13% | 0.13% |
 FROFrontline PLC | 0.13% | 0.14% | 0.13% |
 GLBGlanbia PLC | 0.16% | 0.12% | 0.12% |
 REI-URioCan Real Estate Investment Trust | 0.13% | 0.12% | 0.12% |
 TE1RUBTechnip Energies NV | 0.12% | 0.19% | 0.12% |
 NPINorthland Power Inc | 0.17% | 0.12% | 0.12% |
 KCRKonecranes Oyj | 0.12% | 0.17% | 0.12% |
 BIPCBrookfield Infrastructure Corporation COM SUB VTG A | 0.14% | 0.12% | 0.12% |
 ENGEnagas SA | 0.15% | 0.12% | 0.12% |
 BEPCBrookfield Renewable Corporation CL A EX SUB VTG | 0.12% | 0.13% | 0.12% |
 AZMAzimut Holding SpA | 0.12% | 0.12% | 0.12% |
 AIXAAIXTRON SE | 0.11% | 0.17% | 0.11% |
 HUBNHuber + Suhner AG | 0.11% | 0.11% | 0.11% |
 P55Plus500 Ltd | 0.12% | 0.11% | 0.11% |
 EMGEUR1Man Group PLC/Jersey | 0.17% | 0.11% | 0.11% |
 ATHAthabasca Oil Corp | 0.11% | 0.11% | 0.11% |
 JYSKJyske Bank A/S | 0.10% | 0.15% | 0.10% |
 6787Meiko Electronics Co Ltd. NPV | 0.11% | 0.10% | 0.10% |
Showing the top 250 of 884 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDC and VSS overlap?
FNDC and VSS overlap by 30.5% of portfolio weight. They share 884 holdings (FNDC holds 1580 positions and VSS holds 4810), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDC and VSS?
The two portfolios are 30.5% 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 VSS?
The largest positions held by both funds are HBM, IGG, NEX, SSRM and SPM. Together the top 10 shared positions account for 5% of the total overlap.
What does FNDC own that VSS doesn't?
696 positions (51.4% of FNDC) are unique to FNDC, led by 4062, TSEMIL-S and 032830. In the other direction, 3926 positions (60.0% of VSS) are unique to VSS.