FNDE vs DFAE: Holdings Overlap
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
DFAEDimensional Emerging Core Equity Market ETF
Dimensional · 6342 holdings · $9.5B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDE: 2026-05-31, DFAE: 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 FNDE and DFAE?
Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370 positions; Dimensional Emerging Core Equity Market ETF (DFAE, by Dimensional) holds 6342. They have 280 holdings in common, and by portfolio weight the two funds are 35.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 35.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 280FNDE holds 370 · DFAE holds 6342
- Weight in Shared Holdings
- FNDE 89%·DFAE 44%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 FNDE
90 of 370 positions (10.6% of the fund) are not held by DFAE. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDE | DFAE |
|---|---|---|
| Information Technology | 20.6% | 28.8% |
| Financials | 18.1% | 10.5% |
| Energy | 10.8% | 2.8% |
| Materials | 6.7% | 3.0% |
| Consumer Discretionary | 5.3% | 5.6% |
| Other Sectors | 11.0% | 10.4% |
| Unclassified | 27.1% | 39.1% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (27% of FNDE, 39% of DFAE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FNDE | +5.7% | +16.1% | +27.2% | +20.3% | +10.8% | +10.0% | 3.57% |
| DFAE | +0.3% | +20.0% | +33.0% | +20.1% | +9.2% | — | 1.80% |
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 FNDE vs DFAE →
Shared Holdings(280)
The top 10 shared positions account for 38% of the overlap, led by TSMWF, 700 and 9988.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 6.48% | 12.22% | 6.48% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 1.51% | 2.65% | 1.51% |
 9988Alibaba Group Holding Ltd | 2.72% | 1.40% | 1.40% |
 C6TChina Construction Bank Corp | 2.38% | 0.78% | 0.78% |
 2308Delta Electronics Inc | 0.77% | 0.90% | 0.77% |
 2454MediaTek Inc | 1.80% | 0.69% | 0.69% |
 HNHAFHon Hai Precision Industry Co Ltd | 3.31% | 0.53% | 0.53% |
 2318RUBPing An Insurance Group Co of China Ltd | 1.11% | 0.47% | 0.47% |
 RELIANCEReliance Industries Ltd | 0.80% | 0.45% | 0.45% |
 ICKIndustrial & Commercial Bank of China Ltd | 1.28% | 0.44% | 0.44% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.40% | 0.52% | 0.40% |
 PETR4Petroleo Brasileiro SA - Petrobras | 2.48% | 0.37% | 0.37% |
 HDFCBHDFC Bank Ltd | 0.44% | 0.34% | 0.34% |
 W8VBank of China Ltd | 1.19% | 0.33% | 0.33% |
 PC6PetroChina Co Ltd | 1.25% | 0.32% | 0.32% |
 3037Unimicron Technology Corp | 0.59% | 0.31% | 0.31% |
 1810Xiaomi Corp | 0.30% | 0.40% | 0.30% |
 ARAMCSARSaudi Arabian Oil Co | 0.74% | 0.28% | 0.28% |
 9999NetEase Inc | 0.31% | 0.28% | 0.28% |
 BHARTIBharti Airtel Ltd | 0.25% | 0.41% | 0.25% |
 3690Meituan, B Shares | 0.24% | 0.32% | 0.24% |
 3711ASE Technology Holding Co Ltd | 1.20% | 0.23% | 0.23% |
 2891CTBC Financial Holding Co Ltd | 0.41% | 0.23% | 0.23% |
 AXSBAxis Bank Ltd | 0.27% | 0.22% | 0.22% |
 1211RUBBYD Co Ltd. 'H'CNY1 | 0.22% | 0.34% | 0.22% |
Showing the top 250 of 280 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDE and DFAE overlap?
FNDE and DFAE overlap by 35.1% of portfolio weight. They share 280 holdings (FNDE holds 370 positions and DFAE holds 6342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDE and DFAE?
The two portfolios are 35.1% 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 FNDE and DFAE?
The largest positions held by both funds are TSMWF, 700, 9988, C6T and 2308. Together the top 10 shared positions account for 38% of the total overlap.
What does FNDE own that DFAE doesn't?
90 positions (10.6% of FNDE) are unique to FNDE, led by JD, PTT-R and 9888. In the other direction, 6062 positions (56.4% of DFAE) are unique to DFAE.