FNDE vs IEFA: Holdings Overlap
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
IEFAiShares Core MSCI EAFE ETF
iShares · 2632 holdings · $193.5B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDE: 2026-05-31, IEFA: 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 IEFA?
Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370 positions; iShares Core MSCI EAFE ETF (IEFA, by iShares) holds 2632. They have 2 holdings in common, and by portfolio weight the two funds are 0.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2FNDE holds 370 · IEFA holds 2632
- Weight in Shared Holdings
- FNDE 0%·IEFA 0%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
368 of 370 positions (99.3% of the fund) are not held by IEFA. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDE | IEFA |
|---|---|---|
| Information Technology | 20.6% | 7.9% |
| Financials | 18.1% | 20.5% |
| Industrials | 1.9% | 16.0% |
| Energy | 10.8% | 3.4% |
| Health Care | 0.1% | 8.3% |
| Other Sectors | 21.0% | 26.2% |
| Unclassified | 27.1% | 17.0% |
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, 17% of IEFA).
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% |
| IEFA | +4.2% | +14.8% | +24.5% | +17.9% | +9.3% | +9.8% | 3.25% |
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 IEFA →
Shared Holdings(2)
Frequently Asked Questions
How much do FNDE and IEFA overlap?
FNDE and IEFA overlap by 0.1% of portfolio weight. They share 2 holdings (FNDE holds 370 positions and IEFA holds 2632), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDE and IEFA?
The two portfolios are 0.1% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FNDE and IEFA?
The largest positions held by both funds are 2388 and MTLN. Together the top 2 shared positions account for 100% of the total overlap.
What does FNDE own that IEFA doesn't?
368 positions (99.3% of FNDE) are unique to FNDE, led by TSMWF, HNHAF and VALE3. In the other direction, 2630 positions (99.3% of IEFA) are unique to IEFA.