FNDE vs ILF: Holdings Overlap
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
ILFiShares Latin America 40 ETF
iShares · 44 holdings · $3.8B · as of 2026-03-31
Holdings snapshots are 61 days apart (FNDE: 2026-05-31, ILF: 2026-03-31). 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 ILF?
Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370 positions; iShares Latin America 40 ETF (ILF, by iShares) holds 44. They have 18 holdings in common, and by portfolio weight the two funds are 4.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 18FNDE holds 370 · ILF holds 44
- Weight in Shared Holdings
- FNDE 5%·ILF 35%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
352 of 370 positions (94.7% of the fund) are not held by ILF. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDE | ILF |
|---|---|---|
| Financials | 18.1% | 36.9% |
| Materials | 6.7% | 21.4% |
| Information Technology | 20.6% | 0.0% |
| Energy | 10.8% | 13.0% |
| Consumer Staples | 1.9% | 9.4% |
| Other Sectors | 14.4% | 17.6% |
| Unclassified | 27.1% | 1.2% |
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, 1% of ILF).
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% |
| ILF | +2.7% | +15.2% | +38.5% | +14.3% | +10.7% | +7.1% | 3.41% |
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 ILF →
Shared Holdings(18)
The top 10 shared positions account for 85% of the overlap, led by AMXB, GMEXICOB and FEMSAUBD.
 AMXBAmerica Movil SAB de CV | 0.68% | 3.56% | 0.68% |
|---|---|---|---|
 GMEXICOBGrupo Mexico SAB de CV, Series B | 0.66% | 5.16% | 0.66% |
 FEMSAUBDFomento Economico Mexicano S A B de C V UNITS (REP 1 SER 'B' SHS & 4 SER'D') | 0.54% | 2.89% | 0.54% |
 CEMEXCPOCemex SAB de CV | 0.53% | 2.69% | 0.53% |
 BBAS3Banco do Brasil SA | 0.48% | 1.97% | 0.48% |
 GFNORTEOGrupo Financiero Banorte S.A.B. de C.V. COM NPV SERIES O | 0.46% | 4.15% | 0.46% |
 4GNBWal-Mart de Mexico SAB de CV | 0.27% | 2.43% | 0.27% |
 ECEcopetrol SA | 0.21% | 0.57% | 0.21% |
 B3SA3B3 SA - Brasil Bolsa Balcao | 0.15% | 2.90% | 0.15% |
 AXIA3Centrais Elet Bras Sa Eletrobras COM NPV | 0.14% | 1.60% | 0.14% |
 SBSP3Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 0.14% | 2.23% | 0.14% |
 COPECEmpresas Copec SA | 0.12% | 0.39% | 0.12% |
 BIMBOAGrupo Bimbo SAB de CV | 0.12% | 0.71% | 0.12% |
 RENT3Localiza Rent a Car SA COM NPV 144A/REG | 0.10% | 1.22% | 0.10% |
 CHILEBanco de Chile COM NPV | 0.10% | 1.31% | 0.10% |
 CENCOSUDCencosud SA | 0.08% | 0.52% | 0.08% |
 ENELAMEnel Americas SA | 0.06% | 0.24% | 0.06% |
 FALABFalabella SA | 0.03% | 0.78% | 0.03% |
Frequently Asked Questions
How much do FNDE and ILF overlap?
FNDE and ILF overlap by 4.9% of portfolio weight. They share 18 holdings (FNDE holds 370 positions and ILF holds 44), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDE and ILF?
The two portfolios are 4.9% 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 ILF?
The largest positions held by both funds are AMXB, GMEXICOB, FEMSAUBD, CEMEXCPO and BBAS3. Together the top 10 shared positions account for 85% of the total overlap.
What does FNDE own that ILF doesn't?
352 positions (94.7% of FNDE) are unique to FNDE, led by TSMWF, HNHAF and VALE3. In the other direction, 26 positions (64.1% of ILF) are unique to ILF.