FNDE vs MCHI: Holdings Overlap
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
iShares · 580 holdings · $6.3B · as of 2026-05-31
How similar are FNDE and MCHI?
Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370 positions; iShares MSCI China ETF (MCHI, by iShares) holds 580. They have 107 holdings in common, and by portfolio weight the two funds are 25.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 25.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 107FNDE holds 370 · MCHI holds 580
- Weight in Shared Holdings
- FNDE 28%·MCHI 67%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
263 of 370 positions (71.3% of the fund) are not held by MCHI. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDE | MCHI |
|---|---|---|
| Consumer Discretionary | 5.3% | 21.1% |
| Information Technology | 20.6% | 7.8% |
| Financials | 18.1% | 14.8% |
| Communication Services | 5.3% | 17.2% |
| Energy | 10.8% | 2.6% |
| Other Sectors | 12.5% | 7.6% |
| Unclassified | 27.1% | 28.5% |
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, 29% of MCHI).
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% |
| MCHI | +9.3% | -5.2% | -1.0% | +8.7% | -2.2% | +4.3% | 1.94% |
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 MCHI →
Shared Holdings(107)
The top 10 shared positions account for 52% of the overlap, led by 9988, C6T and 700.
 9988Alibaba Group Holding Ltd | 2.72% | 10.14% | 2.72% |
|---|---|---|---|
 C6TChina Construction Bank Corp | 2.38% | 3.97% | 2.38% |
 700Tencent Holdings Ltd. | 1.51% | 13.21% | 1.51% |
 ICKIndustrial & Commercial Bank of China Ltd | 1.28% | 2.10% | 1.28% |
 W8VBank of China Ltd | 1.19% | 1.80% | 1.19% |
 PC6PetroChina Co Ltd | 1.25% | 1.12% | 1.12% |
 2318RUBPing An Insurance Group Co of China Ltd | 1.11% | 1.96% | 1.11% |
 992Lenovo Group Ltd | 0.73% | 0.94% | 0.73% |
 9888Baidu, Inc., A Shares | 0.60% | 1.44% | 0.60% |
 CHUChina Petroleum & Chemical Corp | 0.95% | 0.48% | 0.48% |
 EK7Agricultural Bank of China Ltd | 0.42% | 0.77% | 0.42% |
 IKFChina Shenhua Energy Co Ltd | 0.41% | 0.74% | 0.41% |
 M4BChina Merchants Bank Co Ltd | 0.40% | 0.90% | 0.40% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.40% | 2.28% | 0.40% |
 1109China Resources Land Ltd | 0.39% | 0.55% | 0.39% |
 9999NetEase Inc | 0.31% | 1.63% | 0.31% |
 1810Xiaomi Corp | 0.30% | 2.35% | 0.30% |
 688China Overseas Land & Investment Ltd | 0.42% | 0.29% | 0.29% |
 PJCPICC Property & Casualty Co Ltd | 0.27% | 0.49% | 0.27% |
 267CITIC Ltd | 0.56% | 0.26% | 0.26% |
 D7CChina CITIC Bank Corp Ltd | 0.25% | 0.29% | 0.25% |
 3690Meituan, B Shares | 0.24% | 1.84% | 0.24% |
 YUMCYum China Holdings Inc | 0.23% | 0.59% | 0.23% |
 175Geely Automobile Holdings Ltd | 0.22% | 0.60% | 0.22% |
 1378China Hongqiao Group Ltd | 0.22% | 0.39% | 0.22% |
Frequently Asked Questions
How much do FNDE and MCHI overlap?
FNDE and MCHI overlap by 25.2% of portfolio weight. They share 107 holdings (FNDE holds 370 positions and MCHI holds 580), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDE and MCHI?
The two portfolios are 25.2% 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 MCHI?
The largest positions held by both funds are 9988, C6T, 700, ICK and W8V. Together the top 10 shared positions account for 52% of the total overlap.
What does FNDE own that MCHI doesn't?
263 positions (71.3% of FNDE) are unique to FNDE, led by TSMWF, HNHAF and VALE3. In the other direction, 473 positions (32.1% of MCHI) are unique to MCHI.