FNDF vs GNR: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
GNRState Street® SPDR® S&P® Global Natural Resources ETF
State Street (SPDR) · 94 holdings · $4.8B · as of 2026-08-06
Holdings snapshots are 67 days apart (FNDF: 2026-05-31, GNR: 2026-08-06). 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 GNR?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; State Street® SPDR® S&P® Global Natural Resources ETF (GNR, by State Street (SPDR)) holds 94. They have 39 holdings in common, and by portfolio weight the two funds are 13.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 39FNDF holds 888 · GNR holds 94
- Weight in Shared Holdings
- FNDF 14%·GNR 54%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
849 of 888 positions (85.7% of the fund) are not held by GNR. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDF | GNR |
|---|---|---|
| Materials | 9.5% | 57.3% |
| Energy | 10.0% | 32.0% |
| Financials | 15.8% | 0.0% |
| Information Technology | 12.3% | 0.0% |
| Industrials | 11.4% | 0.0% |
| Other Sectors | 27.2% | 4.6% |
| 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 GNR).
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% |
| GNR | +9.0% | +20.6% | +37.3% | +13.2% | +11.1% | +10.4% | 2.46% |
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 GNR →
Shared Holdings(39)
The top 10 shared positions account for 72% of the overlap, led by SHEL, TTE and GLENPEN.
 SHELShell PLC | 2.19% | 4.37% | 2.19% |
|---|---|---|---|
 TTETotalEnergies SE EUR2.5 | 1.69% | 3.01% | 1.69% |
 GLENPENGlencore PLC | 1.22% | 1.74% | 1.22% |
 BHPBHP Group Ltd. | 1.22% | 5.32% | 1.22% |
 BP-BP plc | 1.08% | 1.89% | 1.08% |
 ENIEni SpA | 0.55% | 0.97% | 0.55% |
 SUSuncor Energy, Inc. | 0.51% | 1.27% | 0.51% |
 CNQCanadian Natural Resources Ltd. | 0.45% | 1.63% | 0.45% |
 EQNREquinor ASA | 0.44% | 0.56% | 0.44% |
 AALAnglo American PLC | 0.42% | 1.52% | 0.42% |
 MTArcelorMittal SA | 0.40% | 0.75% | 0.40% |
 REPRepsol SA | 0.38% | 0.56% | 0.38% |
 CVECenovus Energy, Inc. | 0.34% | 0.66% | 0.34% |
 RIORio Tinto Ltd. | 0.33% | 1.11% | 0.33% |
 NTRNutrien Ltd. | 0.28% | 4.70% | 0.28% |
 ABXBarrick Mining Corp. | 0.21% | 1.67% | 0.21% |
 WDSWoodside Energy Group Ltd | 0.21% | 0.73% | 0.21% |
 5401Nippon Steel Corp. NPV | 0.19% | 0.56% | 0.19% |
 FMGFortescue Ltd | 0.18% | 0.52% | 0.18% |
 TECKTeck Resources Ltd., Class B | 0.17% | 0.71% | 0.17% |
 NHYNorsk Hydro ASA | 0.12% | 0.29% | 0.12% |
 YARYara International ASA | 0.11% | 1.39% | 0.11% |
 IMOImperial Oil Ltd. | 0.09% | 0.33% | 0.09% |
 UPMUPM-Kymmene Oyj | 0.09% | 2.75% | 0.09% |
 AEMAgnico Eagle Mines Ltd. | 0.08% | 2.03% | 0.08% |
Frequently Asked Questions
How much do FNDF and GNR overlap?
FNDF and GNR overlap by 13.6% of portfolio weight. They share 39 holdings (FNDF holds 888 positions and GNR holds 94), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and GNR?
The two portfolios are 13.6% 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 FNDF and GNR?
The largest positions held by both funds are SHEL, TTE, GLENPEN, BHP and BP-. Together the top 10 shared positions account for 72% of the total overlap.
What does FNDF own that GNR doesn't?
849 positions (85.7% of FNDF) are unique to FNDF, led by 005930, 000660 and HSBA. In the other direction, 55 positions (45.1% of GNR) are unique to GNR.