FNDE vs SCHE: Holdings Overlap
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
How similar are FNDE and SCHE?
Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370 positions; Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180. They have 336 holdings in common, and by portfolio weight the two funds are 47.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 47.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 336FNDE holds 370 · SCHE holds 2180
- Weight in Shared Holdings
- FNDE 96%·SCHE 65%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
34 of 370 positions (3.8% of the fund) are not held by SCHE. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDE | SCHE |
|---|---|---|
| Information Technology | 20.6% | 29.1% |
| Financials | 18.1% | 13.4% |
| Energy | 10.8% | 3.0% |
| Consumer Discretionary | 5.3% | 7.0% |
| Materials | 6.7% | 3.7% |
| Other Sectors | 11.0% | 12.6% |
| Unclassified | 27.1% | 30.8% |
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, 31% of SCHE).
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% |
| SCHE | +3.4% | +13.1% | +22.4% | +17.1% | +6.7% | +8.0% | 2.57% |
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 SCHE →
Shared Holdings(336)
The top 10 shared positions account for 36% of the overlap, led by TSMWF, 9988 and 2454.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 6.48% | 17.06% | 6.48% |
|---|---|---|---|
 9988Alibaba Group Holding Ltd | 2.72% | 2.57% | 2.57% |
 2454MediaTek Inc | 1.80% | 1.88% | 1.80% |
 700Tencent Holdings Ltd | 1.51% | 3.15% | 1.51% |
 HNHAFHon Hai Precision Industry Co Ltd | 3.31% | 1.04% | 1.04% |
 C6TChina Construction Bank Corp | 2.38% | 0.88% | 0.88% |
 RELIANCEReliance Industries Ltd | 0.80% | 0.88% | 0.80% |
 2308Delta Electronics Inc | 0.77% | 1.40% | 0.77% |
 ICKIndustrial & Commercial Bank of China Ltd | 1.28% | 0.63% | 0.63% |
 3711ASE Technology Holding Co Ltd | 1.20% | 0.59% | 0.59% |
 VALE3Vale SA | 3.03% | 0.55% | 0.55% |
 2303United Microelectronics Corp | 1.15% | 0.50% | 0.50% |
 2318RUBPing An Insurance Group Co of China Ltd | 1.11% | 0.46% | 0.46% |
 HDFCBHDFC Bank Ltd | 0.44% | 0.83% | 0.44% |
 W8VBank of China Ltd | 1.19% | 0.42% | 0.42% |
 3037Unimicron Technology Corp | 0.59% | 0.42% | 0.42% |
 ICICIBCICICI Bank Ltd | 0.42% | 0.65% | 0.42% |
 ARAMCSARSaudi Arabian Oil Co | 0.74% | 0.41% | 0.41% |
 ITUB4Itau Unibanco Holding SA | 0.68% | 0.41% | 0.41% |
 PDDPDD Holdings Inc | 0.40% | 0.60% | 0.40% |
 INFOInfosys Ltd | 0.45% | 0.39% | 0.39% |
 PETR4Petroleo Brasileiro SA - Petrobras | 2.48% | 0.35% | 0.35% |
 2327Yageo Corp | 0.44% | 0.34% | 0.34% |
 9888Baidu Inc | 0.60% | 0.33% | 0.33% |
 GMEXICOBGrupo Mexico SAB de CV | 0.66% | 0.33% | 0.33% |
Showing the top 250 of 336 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDE and SCHE overlap?
FNDE and SCHE overlap by 47.4% of portfolio weight. They share 336 holdings (FNDE holds 370 positions and SCHE holds 2180), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDE and SCHE?
The two portfolios are 47.4% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of FNDE and SCHE?
The largest positions held by both funds are TSMWF, 9988, 2454, 700 and HNHAF. Together the top 10 shared positions account for 36% of the total overlap.
What does FNDE own that SCHE doesn't?
34 positions (3.8% of FNDE) are unique to FNDE, led by JD, 992 and 2388. In the other direction, 1844 positions (34.8% of SCHE) are unique to SCHE.