FNDE vs KWEB: Holdings Overlap
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
KWEBKraneShares CSI China Internet ETF
KraneShares · 31 holdings · $5.7B · as of 2026-03-31
Holdings snapshots are 61 days apart (FNDE: 2026-05-31, KWEB: 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 KWEB?
Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370 positions; KraneShares CSI China Internet ETF (KWEB, by KraneShares) holds 31. They have 8 holdings in common, and by portfolio weight the two funds are 6.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8FNDE holds 370 · KWEB holds 31
- Weight in Shared Holdings
- FNDE 6%·KWEB 52%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
362 of 370 positions (93.5% of the fund) are not held by KWEB. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDE | KWEB |
|---|---|---|
| Consumer Discretionary | 5.3% | 39.5% |
| Communication Services | 5.3% | 29.3% |
| Information Technology | 20.6% | 0.0% |
| Financials | 18.1% | 0.0% |
| Energy | 10.8% | 0.0% |
| Other Sectors | 12.5% | 11.9% |
| Unclassified | 27.1% | 19.2% |
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, 19% of KWEB).
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% |
| KWEB | +12.3% | -15.8% | -15.2% | +2.0% | -6.7% | +0.1% | 7.31% |
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 KWEB →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by 9988, 700 and 9888.
 9988Alibaba Group Holding Ltd | 2.72% | 8.93% | 2.72% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 1.51% | 10.09% | 1.51% |
 9888Baidu, Inc., A Shares | 0.60% | 4.28% | 0.60% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.40% | 8.78% | 0.40% |
 9999NetEase Inc | 0.31% | 5.91% | 0.31% |
 VIPSVipshop Holdings Ltd | 0.27% | 2.70% | 0.27% |
 3690Meituan, B Shares | 0.24% | 7.36% | 0.24% |
 9961Trip.com Group Ltd | 0.03% | 3.56% | 0.03% |
Frequently Asked Questions
How much do FNDE and KWEB overlap?
FNDE and KWEB overlap by 6.1% of portfolio weight. They share 8 holdings (FNDE holds 370 positions and KWEB holds 31), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDE and KWEB?
The two portfolios are 6.1% 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 KWEB?
The largest positions held by both funds are 9988, 700, 9888, PDD and 9999. Together the top 8 shared positions account for 100% of the total overlap.
What does FNDE own that KWEB doesn't?
362 positions (93.5% of FNDE) are unique to FNDE, led by TSMWF, HNHAF and VALE3. In the other direction, 23 positions (48.3% of KWEB) are unique to KWEB.