FNDE vs VEA: Holdings Overlap
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
VEAVanguard Developed Markets Index Fund
Vanguard · 3886 holdings · $235.0B · as of 2026-03-31
Holdings snapshots are 61 days apart (FNDE: 2026-05-31, VEA: 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 VEA?
Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370 positions; Vanguard Developed Markets Index Fund (VEA, by Vanguard) holds 3886. They have 5 holdings in common, and by portfolio weight the two funds are 0.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5FNDE holds 370 · VEA holds 3886
- Weight in Shared Holdings
- FNDE 1%·VEA 0%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
365 of 370 positions (98.4% of the fund) are not held by VEA. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDE | VEA |
|---|---|---|
| Information Technology | 20.6% | 9.9% |
| Financials | 18.1% | 20.4% |
| Industrials | 1.9% | 13.9% |
| Energy | 10.8% | 4.8% |
| Health Care | 0.1% | 7.3% |
| Other Sectors | 21.0% | 24.3% |
| Unclassified | 27.1% | 18.5% |
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, 19% of VEA).
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% |
| VEA | +3.0% | +17.5% | +29.9% | +19.8% | +10.2% | +10.3% | 2.49% |
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 VEA →
Shared Holdings(5)
The top 5 shared positions account for 100% of the overlap, led by 2388, 992 and 2313.
 2388BOC Hong Kong Holdings Ltd. | 0.26% | 0.07% | 0.07% |
|---|---|---|---|
 992Lenovo Group Ltd | 0.73% | 0.03% | 0.03% |
 2313Shenzhou International Group Holdings Ltd | 0.06% | 0.02% | 0.02% |
 MTLNMetlen Energy & Metals PLC | 0.03% | 0.01% | 0.01% |
 316Orient Overseas International Ltd | 0.13% | 0.01% | 0.01% |
Frequently Asked Questions
How much do FNDE and VEA overlap?
FNDE and VEA overlap by 0.1% of portfolio weight. They share 5 holdings (FNDE holds 370 positions and VEA holds 3886), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDE and VEA?
The two portfolios are 0.1% 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 VEA?
The largest positions held by both funds are 2388, 992, 2313, MTLN and 316. Together the top 5 shared positions account for 100% of the total overlap.
What does FNDE own that VEA doesn't?
365 positions (98.4% of FNDE) are unique to FNDE, led by TSMWF, HNHAF and VALE3. In the other direction, 3881 positions (99.0% of VEA) are unique to VEA.