FNDE vs EEM: Holdings Overlap
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
EEMiShares MSCI Emerging Markets ETF
iShares · 1246 holdings · $30.2B · as of 2026-05-31
How similar are FNDE and EEM?
Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370 positions; iShares MSCI Emerging Markets ETF (EEM, by iShares) holds 1246. They have 307 holdings in common, and by portfolio weight the two funds are 41.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 41.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 307FNDE holds 370 · EEM holds 1246
- Weight in Shared Holdings
- FNDE 93%·EEM 53%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
63 of 370 positions (6.8% of the fund) are not held by EEM. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDE | EEM |
|---|---|---|
| Information Technology | 20.6% | 41.0% |
| Financials | 18.1% | 12.6% |
| Energy | 10.8% | 2.6% |
| Consumer Discretionary | 5.3% | 6.8% |
| Materials | 6.7% | 3.3% |
| Other Sectors | 11.0% | 12.0% |
| Unclassified | 27.1% | 21.6% |
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, 22% of EEM).
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% |
| EEM | -0.1% | +20.6% | +35.3% | +20.3% | +7.3% | +8.4% | 1.70% |
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 EEM →
Shared Holdings(307)
The top 10 shared positions account for 38% of the overlap, led by TSMWF, 9988 and 2454.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 6.48% | 14.26% | 6.48% |
|---|---|---|---|
 9988Alibaba Group Holding Ltd | 2.72% | 2.08% | 2.08% |
 2454MediaTek Inc | 1.80% | 1.62% | 1.62% |
 700Tencent Holdings Ltd. | 1.51% | 2.71% | 1.51% |
 HNHAFHon Hai Precision Industry Co Ltd | 3.31% | 0.90% | 0.90% |
 C6TChina Construction Bank Corp | 2.38% | 0.81% | 0.81% |
 2308Delta Electronics Inc | 0.77% | 1.17% | 0.77% |
 RELIANCEReliance Industries Ltd | 0.80% | 0.66% | 0.66% |
 3711ASE Technology Holding Co Ltd | 1.20% | 0.50% | 0.50% |
 VALE3Vale SA | 3.03% | 0.46% | 0.46% |
 HDFCBHDFC Bank Ltd | 0.44% | 0.70% | 0.44% |
 ICKIndustrial & Commercial Bank of China Ltd | 1.28% | 0.43% | 0.43% |
 ICICIBCICICI Bank Ltd | 0.42% | 0.55% | 0.42% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.40% | 0.47% | 0.40% |
 2318RUBPing An Insurance Group Co of China Ltd | 1.11% | 0.40% | 0.40% |
 2303United Microelectronics Corp | 1.15% | 0.40% | 0.40% |
 W8VBank of China Ltd | 1.19% | 0.37% | 0.37% |
 ARAMCSARSaudi Arabian Oil Co | 0.74% | 0.35% | 0.35% |
 3037Unimicron Technology Corp | 0.59% | 0.35% | 0.35% |
 ITUB4Itau Unibanco Holding SA | 0.68% | 0.34% | 0.34% |
 9999NetEase Inc | 0.31% | 0.33% | 0.31% |
 INFOInfosys Ltd | 0.45% | 0.31% | 0.31% |
 GMEXICOBGrupo Mexico SAB de CV | 0.66% | 0.30% | 0.30% |
 1810Xiaomi Corp | 0.30% | 0.48% | 0.30% |
 2327Yageo Corp | 0.44% | 0.30% | 0.30% |
Showing the top 250 of 307 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDE and EEM overlap?
FNDE and EEM overlap by 41.5% of portfolio weight. They share 307 holdings (FNDE holds 370 positions and EEM holds 1246), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDE and EEM?
The two portfolios are 41.5% 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 FNDE and EEM?
The largest positions held by both funds are TSMWF, 9988, 2454, 700 and HNHAF. Together the top 10 shared positions account for 38% of the total overlap.
What does FNDE own that EEM doesn't?
63 positions (6.8% of FNDE) are unique to FNDE, led by JD, AUO Corp and WPG Holdings Ltd. In the other direction, 939 positions (46.5% of EEM) are unique to EEM.