FNDF vs MXI: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
MXIiShares Global Materials ETF
iShares · 101 holdings · $349M · as of 2026-03-31
Holdings snapshots are 61 days apart (FNDF: 2026-05-31, MXI: 2026-03-31). 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 MXI?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; iShares Global Materials ETF (MXI, by iShares) holds 101. They have 51 holdings in common, and by portfolio weight the two funds are 9.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 51FNDF holds 888 · MXI holds 101
- Weight in Shared Holdings
- FNDF 9%·MXI 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
837 of 888 positions (90.3% of the fund) are not held by MXI. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDF | MXI |
|---|---|---|
| Materials | 9.5% | 99.5% |
| Financials | 15.8% | 0.0% |
| Information Technology | 12.3% | 0.0% |
| Industrials | 11.4% | 0.0% |
| Energy | 10.0% | 0.0% |
| Other Sectors | 27.2% | 0.2% |
| Unclassified | 13.1% | 0.0% |
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, 0% of MXI).
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% |
| MXI | +6.2% | +18.1% | +32.9% | +13.0% | +7.2% | +10.9% | 1.62% |
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 MXI →
Shared Holdings(51)
The top 10 shared positions account for 63% of the overlap, led by GLENPEN, BHP and RIO.
 GLENPENGlencore PLC | 1.22% | 2.43% | 1.22% |
|---|---|---|---|
 BHPBHP Group Ltd. NPV | 1.22% | 6.21% | 1.22% |
 RIORio Tinto PLC ORD GBP0.10 | 0.80% | 3.34% | 0.80% |
 BASBASF SE | 0.50% | 1.86% | 0.50% |
 AALAnglo American PLC | 0.42% | 1.71% | 0.42% |
 MTArcelorMittal SA | 0.40% | 0.74% | 0.40% |
 4063Shin-Etsu Chemical Co Ltd. NPV | 0.33% | 2.73% | 0.33% |
| RIORio Tinto Ltd. | 0.33% | 1.43% | 0.33% |
 NTRNutrien Ltd. | 0.28% | 1.23% | 0.28% |
 AIAir Liquide S.A.(L') EUR5.50 | 0.24% | 4.04% | 0.24% |
 ABXBarrick Mining Corp. | 0.21% | 2.31% | 0.21% |
 5401Nippon Steel Corp. NPV | 0.19% | 0.67% | 0.19% |
 FMGFortescue Ltd. NPV | 0.18% | 0.80% | 0.18% |
 TECKTeck Resources Ltd., Class B | 0.17% | 0.78% | 0.17% |
 3407Asahi Kasei Corp. NPV | 0.14% | 0.45% | 0.14% |
 4188Mitsubishi Chemical Group Corp. NPV | 0.13% | 0.27% | 0.13% |
 NHYNorsk Hydro ASA NOK1.098 | 0.12% | 0.47% | 0.12% |
 HOLNHolcim AG CHF2 (REGD) | 0.12% | 1.41% | 0.12% |
 5411JFE Holdings, Inc. NPV | 0.11% | 0.25% | 0.11% |
 AKZAAkzo Nobel NV | 0.11% | 0.33% | 0.11% |
 YARYara International ASA | 0.11% | 0.32% | 0.11% |
 5713Sumitomo Metal Mining Co Ltd. NPV | 0.10% | 0.55% | 0.10% |
 BSLBlueScope Steel Ltd. | 0.10% | 0.27% | 0.10% |
 S32South32 Ltd. | 0.10% | 0.46% | 0.10% |
 HEIHeidelberg Materials AG NPV | 0.10% | 0.91% | 0.10% |
Frequently Asked Questions
How much do FNDF and MXI overlap?
FNDF and MXI overlap by 9.0% of portfolio weight. They share 51 holdings (FNDF holds 888 positions and MXI holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and MXI?
The two portfolios are 9.0% 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 MXI?
The largest positions held by both funds are GLENPEN, BHP, RIO, BAS and AAL. Together the top 10 shared positions account for 63% of the total overlap.
What does FNDF own that MXI doesn't?
837 positions (90.3% of FNDF) are unique to FNDF, led by 005930, SHEL and TTE. In the other direction, 50 positions (45.7% of MXI) are unique to MXI.