FNDF vs EFA: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
iShares · 705 holdings · $79.3B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDF: 2026-05-31, EFA: 2026-04-30). 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 FNDF and EFA?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; iShares MSCI EAFE ETF (EFA, by iShares) holds 705. They have 518 holdings in common, and by portfolio weight the two funds are 55.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 55.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 518FNDF holds 888 · EFA holds 705
- Weight in Shared Holdings
- FNDF 70%·EFA 91%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 FNDF
370 of 888 positions (29.7% of the fund) are not held by EFA. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDF | EFA |
|---|---|---|
| Financials | 15.8% | 23.8% |
| Industrials | 11.4% | 18.5% |
| Information Technology | 12.3% | 9.1% |
| Energy | 10.0% | 3.9% |
| Health Care | 5.3% | 9.7% |
| Other Sectors | 31.4% | 28.7% |
| Unclassified | 13.1% | 5.5% |
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 (13% of FNDF, 6% of EFA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FNDF | +4.2% | +22.8% | +39.1% | +23.1% | +14.5% | +12.0% | 2.97% |
| EFA | +4.2% | +14.8% | +25.0% | +17.9% | +9.6% | +9.7% | 3.10% |
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 FNDF vs EFA →
Shared Holdings(518)
The top 10 shared positions account for 15% of the overlap, led by SHEL, HSBA and BHP.
 SHELShell PLC | 2.19% | 1.19% | 1.19% |
|---|---|---|---|
 HSBAHSBC Holdings PLC | 1.00% | 1.45% | 1.00% |
 BHPBHP Group Ltd. | 1.22% | 0.93% | 0.93% |
 TTETotalEnergies SE EUR2.5 | 1.69% | 0.85% | 0.85% |
 7203Toyota Motor Corp. NPV | 0.89% | 0.84% | 0.84% |
 ROPRoche Holding AG | 0.82% | 1.32% | 0.82% |
 SANBanco Santander SA | 0.73% | 0.82% | 0.73% |
 NESNNestle SA (Registered) | 0.67% | 1.20% | 0.67% |
 NOVNNovartis AG (Registered) | 0.59% | 1.29% | 0.59% |
 BATSBritish American Tobacco PLC | 0.58% | 0.59% | 0.58% |
 BP-BP plc | 1.08% | 0.57% | 0.57% |
 DTEDeutsche Telekom AG (Registered) | 0.62% | 0.55% | 0.55% |
 RIORio Tinto PLC | 0.80% | 0.52% | 0.52% |
 8058Mitsubishi Corp. NPV | 0.62% | 0.48% | 0.48% |
 SIESiemens AG (Registered) | 0.47% | 1.04% | 0.47% |
 BNPBNP Paribas SA | 0.47% | 0.49% | 0.47% |
 ALVAllianz SE (Registered) | 0.43% | 0.80% | 0.43% |
 8031Mitsui & Co Ltd. NPV | 0.46% | 0.43% | 0.43% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 0.41% | 0.58% | 0.41% |
 9984SoftBank Group Corp. | 0.41% | 0.58% | 0.41% |
 6501Hitachi Ltd. NPV | 0.40% | 0.67% | 0.40% |
 ASMLASML Holding NV | 0.40% | 2.58% | 0.40% |
| SANSanofi SA | 0.40% | 0.47% | 0.40% |
 ENELEnel SpA | 0.38% | 0.44% | 0.38% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.38% | 1.35% | 0.38% |
Showing the top 250 of 518 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDF and EFA overlap?
FNDF and EFA overlap by 55.2% of portfolio weight. They share 518 holdings (FNDF holds 888 positions and EFA holds 705), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and EFA?
The two portfolios are 55.2% 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 FNDF and EFA?
The largest positions held by both funds are SHEL, HSBA, BHP, TTE and 7203. Together the top 10 shared positions account for 15% of the total overlap.
What does FNDF own that EFA doesn't?
370 positions (29.7% of FNDF) are unique to FNDF, led by 005930, 000660 and 005935. In the other direction, 187 positions (7.9% of EFA) are unique to EFA.