FNDF vs IVLU: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
IVLUiShares MSCI Intl Value Factor ETF
iShares · 355 holdings · $4.5B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDF: 2026-05-31, IVLU: 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 IVLU?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; iShares MSCI Intl Value Factor ETF (IVLU, by iShares) holds 355. They have 311 holdings in common, and by portfolio weight the two funds are 48.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 48.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 311FNDF holds 888 · IVLU holds 355
- Weight in Shared Holdings
- FNDF 53%·IVLU 97%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
577 of 888 positions (46.3% of the fund) are not held by IVLU. Showing the top 30 by weight.
Only in IVLU
44 of 355 positions (2.4% of the fund) are not held by FNDF. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDF | IVLU |
|---|---|---|
| Financials | 15.8% | 24.6% |
| Industrials | 11.4% | 16.2% |
| Information Technology | 12.3% | 9.1% |
| Energy | 10.0% | 5.5% |
| Materials | 9.5% | 7.2% |
| Other Sectors | 27.2% | 30.4% |
| Unclassified | 13.1% | 6.3% |
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 IVLU).
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% |
| IVLU | +4.9% | +18.8% | +35.6% | +24.5% | +15.9% | +11.5% | 3.16% |
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 IVLU →
Shared Holdings(311)
The top 10 shared positions account for 19% of the overlap, led by SHEL, TTE and HSBA.
 SHELShell PLC ORD EUR0.07 | 2.19% | 1.43% | 1.43% |
|---|---|---|---|
 TTETotalEnergies SE EUR2.5 | 1.69% | 1.32% | 1.32% |
 HSBAHSBC Holdings PLC | 1.00% | 2.29% | 1.00% |
 BHPBHP Group Ltd. NPV | 1.22% | 0.99% | 0.99% |
 7203Toyota Motor Corp. NPV | 0.89% | 1.79% | 0.89% |
 ROPRoche Holding AG CHF0.001 | 0.82% | 1.67% | 0.82% |
 RIORio Tinto PLC ORD GBP0.10 | 0.80% | 0.93% | 0.80% |
 SANBanco Santander SA | 0.73% | 1.64% | 0.73% |
 MBGMercedes-Benz Group AG ORD NPV(REGD) | 0.65% | 0.71% | 0.65% |
 8058Mitsubishi Corp. NPV | 0.62% | 1.16% | 0.62% |
 DTEDeutsche Telekom AG (Registered) | 0.62% | 0.93% | 0.62% |
 NOVNNovartis AG CHF0.49 (REGD) | 0.59% | 1.63% | 0.59% |
 GLENPENGlencore PLC | 1.22% | 0.58% | 0.58% |
 BATSBritish American Tobacco PLC | 0.58% | 1.98% | 0.58% |
 BP-BP plc | 1.08% | 0.56% | 0.56% |
 VODVodafone Group PLC | 0.51% | 0.69% | 0.51% |
 6752Panasonic Holdings Corporation COMMON STOCK | 0.50% | 0.55% | 0.50% |
 6981Murata Manufacturing Co Ltd. NPV | 0.47% | 0.67% | 0.47% |
 VOW3Volkswagen AG NON VTG PRF NPV | 0.47% | 0.56% | 0.47% |
 SIESiemens AG (Registered) | 0.47% | 1.37% | 0.47% |
 BASBASF SE | 0.50% | 0.47% | 0.47% |
 BNPBNP Paribas SA EUR2 | 0.47% | 1.63% | 0.47% |
 8031Mitsui & Co Ltd. NPV | 0.46% | 1.30% | 0.46% |
 BAYNBayer AG (Registered) | 0.46% | 0.88% | 0.46% |
 7267Honda Motor Co Ltd. NPV | 0.42% | 0.53% | 0.42% |
Showing the top 250 of 311 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDF and IVLU overlap?
FNDF and IVLU overlap by 48.9% of portfolio weight. They share 311 holdings (FNDF holds 888 positions and IVLU holds 355), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and IVLU?
The two portfolios are 48.9% 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 IVLU?
The largest positions held by both funds are SHEL, TTE, HSBA, BHP and 7203. Together the top 10 shared positions account for 19% of the total overlap.
What does FNDF own that IVLU doesn't?
577 positions (46.3% of FNDF) are unique to FNDF, led by 005930, 000660 and NESN. In the other direction, 44 positions (2.4% of IVLU) are unique to IVLU.