FNDF vs GSIE: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
GSIEGoldman Sachs ActiveBeta(R) International Equity ETF
Goldman Sachs · 657 holdings · $6.0B · as of 2026-05-31
How similar are FNDF and GSIE?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; Goldman Sachs ActiveBeta(R) International Equity ETF (GSIE, by Goldman Sachs) holds 657. They have 509 holdings in common, and by portfolio weight the two funds are 51.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 51.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 509FNDF holds 888 · GSIE holds 657
- Weight in Shared Holdings
- FNDF 74%·GSIE 85%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
379 of 888 positions (25.8% of the fund) are not held by GSIE. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDF | GSIE |
|---|---|---|
| Financials | 15.8% | 24.0% |
| Industrials | 11.4% | 15.3% |
| Information Technology | 12.3% | 9.0% |
| Energy | 10.0% | 4.0% |
| Materials | 9.5% | 5.6% |
| Other Sectors | 27.2% | 26.4% |
| Unclassified | 13.1% | 15.0% |
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, 15% of GSIE).
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% |
| GSIE | +5.0% | +14.2% | +23.8% | +18.4% | +9.5% | +9.8% | 2.43% |
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 GSIE →
Shared Holdings(509)
The top 10 shared positions account for 12% of the overlap, led by HSBA, ROP and SAN.
 HSBAHSBC Holdings PLC | 1.00% | 1.06% | 1.00% |
|---|---|---|---|
 ROPRoche Holding AG | 0.82% | 1.01% | 0.82% |
 SANBanco Santander SA | 0.73% | 0.80% | 0.73% |
 SHELShell PLC | 2.19% | 0.61% | 0.61% |
 NESNNestle SA (Registered) | 0.67% | 0.60% | 0.60% |
 NOVNNovartis AG (Registered) | 0.59% | 1.02% | 0.59% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.52% | 1.06% | 0.52% |
 BHPBHP Group Ltd. | 1.22% | 0.50% | 0.50% |
 TDThe Toronto-Dominion Bank COM NEW | 0.50% | 0.78% | 0.50% |
 SIESiemens AG (Registered) | 0.47% | 0.58% | 0.47% |
 TTETotalEnergies SE EUR2.5 | 1.69% | 0.46% | 0.46% |
 ALVAllianz SE (Registered) | 0.43% | 0.57% | 0.43% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 0.41% | 0.55% | 0.41% |
 BNPBNP Paribas SA | 0.47% | 0.40% | 0.40% |
 ASMLASML Holding NV | 0.40% | 2.11% | 0.40% |
 BAYNBayer AG (Registered) | 0.46% | 0.39% | 0.39% |
 DHLDeutsche Post AG | 0.38% | 0.42% | 0.38% |
 VODVodafone Group PLC | 0.51% | 0.38% | 0.38% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.38% | 0.88% | 0.38% |
 MBGMercedes-Benz Group AG | 0.65% | 0.36% | 0.36% |
 GSKGSK plc | 0.36% | 0.36% | 0.36% |
 BNSBank of Nova Scotia/The | 0.35% | 0.39% | 0.35% |
 BP-BP plc | 1.08% | 0.34% | 0.34% |
 6501Hitachi Ltd. NPV | 0.40% | 0.34% | 0.34% |
 BARCBarclays PLC | 0.34% | 0.38% | 0.34% |
Showing the top 250 of 509 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDF and GSIE overlap?
FNDF and GSIE overlap by 51.9% of portfolio weight. They share 509 holdings (FNDF holds 888 positions and GSIE holds 657), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and GSIE?
The two portfolios are 51.9% 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 GSIE?
The largest positions held by both funds are HSBA, ROP, SAN, SHEL and NESN. Together the top 10 shared positions account for 12% of the total overlap.
What does FNDF own that GSIE doesn't?
379 positions (25.8% of FNDF) are unique to FNDF, led by 005930, 000660 and 005935. In the other direction, 148 positions (14.2% of GSIE) are unique to GSIE.