FNDE vs INDA: Holdings Overlap
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
iShares · 169 holdings · $6.6B · as of 2026-05-31
How similar are FNDE and INDA?
Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370 positions; iShares MSCI India ETF (INDA, by iShares) holds 169. They have 42 holdings in common, and by portfolio weight the two funds are 8.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 42FNDE holds 370 · INDA holds 169
- Weight in Shared Holdings
- FNDE 8%·INDA 54%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
328 of 370 positions (91.2% of the fund) are not held by INDA. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDE | INDA |
|---|---|---|
| Financials | 18.1% | 21.5% |
| Information Technology | 20.6% | 6.8% |
| Energy | 10.8% | 8.6% |
| Consumer Discretionary | 5.3% | 9.9% |
| Materials | 6.7% | 6.6% |
| Other Sectors | 11.0% | 23.7% |
| Unclassified | 27.1% | 22.7% |
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, 23% of INDA).
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% |
| INDA | +2.1% | -6.8% | -4.1% | +4.7% | +3.4% | +6.6% | — |
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 INDA →
Shared Holdings(42)
The top 10 shared positions account for 49% of the overlap, led by RELIANCE, INFO and HDFCB.
 RELIANCEReliance Industries Ltd | 0.80% | 6.23% | 0.80% |
|---|---|---|---|
 INFOInfosys Ltd | 0.45% | 2.92% | 0.45% |
 HDFCBHDFC Bank Ltd | 0.44% | 6.15% | 0.44% |
 ICICIBCICICI Bank Ltd | 0.42% | 4.68% | 0.42% |
 HNDLHindalco Industries Ltd | 0.41% | 1.15% | 0.41% |
 TATATata Steel Ltd | 0.40% | 1.18% | 0.40% |
 ONGCOil & Natural Gas Corp Ltd | 0.34% | 0.63% | 0.34% |
 SBINState Bank of India | 0.30% | 1.34% | 0.30% |
 NTPCNTPC Ltd | 0.28% | 1.28% | 0.28% |
 LTLarsen & Toubro Ltd | 0.28% | 2.13% | 0.28% |
 AXSBAxis Bank Ltd | 0.27% | 2.23% | 0.27% |
 BHARTIBharti Airtel Ltd | 0.25% | 3.63% | 0.25% |
 BPCLBharat Petroleum Corp Ltd | 0.24% | 0.35% | 0.24% |
 TCSTata Consultancy Services Ltd | 0.22% | 1.54% | 0.22% |
 ITCITC Ltd | 0.22% | 0.65% | 0.22% |
 IOCLIndian Oil Corp Ltd | 0.20% | 0.30% | 0.20% |
 COALCoal India Ltd | 0.17% | 0.64% | 0.17% |
 HPCLHindustan Petroleum Corp Ltd | 0.16% | 0.28% | 0.16% |
 MMMahindra & Mahindra Ltd | 0.16% | 2.20% | 0.16% |
 TMPVTata Motors Passenger Vehicles Limited | 0.16% | 0.60% | 0.16% |
 PWGRPower Grid Corp of India Ltd | 0.16% | 1.02% | 0.16% |
 GRASIMGrasim Industries Ltd | 0.15% | 0.64% | 0.15% |
 POWFPower Finance Corp Ltd | 0.15% | 0.48% | 0.15% |
 JSTLJSW Steel Ltd | 0.15% | 0.59% | 0.15% |
 GAILGAIL India Ltd | 0.14% | 0.29% | 0.14% |
Frequently Asked Questions
How much do FNDE and INDA overlap?
FNDE and INDA overlap by 8.4% of portfolio weight. They share 42 holdings (FNDE holds 370 positions and INDA holds 169), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDE and INDA?
The two portfolios are 8.4% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of FNDE and INDA?
The largest positions held by both funds are RELIANCE, INFO, HDFCB, ICICIBC and HNDL. Together the top 10 shared positions account for 49% of the total overlap.
What does FNDE own that INDA doesn't?
328 positions (91.2% of FNDE) are unique to FNDE, led by TSMWF, HNHAF and VALE3. In the other direction, 127 positions (45.9% of INDA) are unique to INDA.