FNDF vs IEMG: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
IEMGiShares Core MSCI Emerging Markets ETF
iShares · 2697 holdings · $156.6B · as of 2026-05-31
How similar are FNDF and IEMG?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; iShares Core MSCI Emerging Markets ETF (IEMG, by iShares) holds 2697. They have 63 holdings in common, and by portfolio weight the two funds are 11.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 63FNDF holds 888 · IEMG holds 2697
- Weight in Shared Holdings
- FNDF 13%·IEMG 19%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
825 of 888 positions (86.4% of the fund) are not held by IEMG. Showing the top 30 by weight.
Only in IEMG
2634 of 2697 positions (81.0% of the fund) are not held by FNDF. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDF | IEMG |
|---|---|---|
| Information Technology | 12.3% | 36.2% |
| Financials | 15.8% | 11.0% |
| Industrials | 11.4% | 2.4% |
| Energy | 10.0% | 2.3% |
| Materials | 9.5% | 2.9% |
| Other Sectors | 27.2% | 14.3% |
| Unclassified | 13.1% | 30.7% |
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, 31% of IEMG).
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% |
| IEMG | +0.3% | +19.9% | +33.4% | +20.1% | +7.8% | +9.0% | 2.25% |
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 IEMG →
Shared Holdings(63)
The top 10 shared positions account for 81% of the overlap, led by 005930, 000660 and 005935.
 005930Samsung Electronics Co Ltd | 5.51% | 6.80% | 5.51% |
|---|---|---|---|
 000660SK hynix Inc | 1.37% | 5.82% | 1.37% |
 005935Samsung Electronics Co Ltd | 0.59% | 0.74% | 0.59% |
 005380Hyundai Motor Co | 0.50% | 0.44% | 0.44% |
 009150Samsung Electro-Mechanics Co Ltd | 0.40% | 0.54% | 0.40% |
 012330Hyundai Mobis Co Ltd | 0.27% | 0.20% | 0.20% |
 000270Kia Corp | 0.25% | 0.18% | 0.18% |
 PKNOrlen SA PLN1.25 | 0.20% | 0.15% | 0.15% |
 005490POSCO Holdings Inc | 0.34% | 0.14% | 0.14% |
 066570LG Electronics Inc | 0.41% | 0.14% | 0.14% |
 055550Shinhan Financial Group Co Ltd | 0.14% | 0.18% | 0.14% |
 006400Samsung SDI Co Ltd | 0.13% | 0.19% | 0.13% |
 105560KB Financial Group Inc | 0.12% | 0.25% | 0.12% |
 034730SK Inc | 0.31% | 0.11% | 0.11% |
 028260Samsung C&T Corp | 0.10% | 0.17% | 0.10% |
 086790Hana Financial Group Inc | 0.09% | 0.15% | 0.09% |
 011070LG Innotek Co Ltd | 0.21% | 0.09% | 0.09% |
 051910LG Chem Ltd | 0.12% | 0.08% | 0.08% |
 KGHKGHM Polska Miedz SA | 0.07% | 0.09% | 0.07% |
 316140Woori Financial Group Inc | 0.07% | 0.09% | 0.07% |
 AUAnglogold Ashanti PLC COM SHS | 0.05% | 0.33% | 0.05% |
 267250HD Hyundai Co Ltd | 0.05% | 0.05% | 0.05% |
 000720Hyundai Engineering & Construction Co Ltd | 0.06% | 0.05% | 0.05% |
 018260Samsung SDS Co Ltd | 0.05% | 0.06% | 0.05% |
 PZUPowszechny Zaklad Ubezpieczen SA | 0.05% | 0.07% | 0.05% |
Frequently Asked Questions
How much do FNDF and IEMG overlap?
FNDF and IEMG overlap by 11.3% of portfolio weight. They share 63 holdings (FNDF holds 888 positions and IEMG holds 2697), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and IEMG?
The two portfolios are 11.3% 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 IEMG?
The largest positions held by both funds are 005930, 000660, 005935, 005380 and 009150. Together the top 10 shared positions account for 81% of the total overlap.
What does FNDF own that IEMG doesn't?
825 positions (86.4% of FNDF) are unique to FNDF, led by SHEL, TTE and GLENPEN. In the other direction, 2634 positions (81.0% of IEMG) are unique to IEMG.