FNDF vs SCZ: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
SCZiShares MSCI EAFE Small-Cap ETF
iShares · 2044 holdings · $13.5B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDF: 2026-05-31, SCZ: 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 SCZ?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; iShares MSCI EAFE Small-Cap ETF (SCZ, by iShares) holds 2044. They have 197 holdings in common, and by portfolio weight the two funds are 7.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 197FNDF holds 888 · SCZ holds 2044
- Weight in Shared Holdings
- FNDF 7%·SCZ 21%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
691 of 888 positions (92.1% of the fund) are not held by SCZ. Showing the top 30 by weight.
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% |
| SCZ | +4.1% | +13.5% | +20.2% | +16.6% | +5.9% | +8.6% | 3.07% |
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 SCZ →
Shared Holdings(197)
The top 10 shared positions account for 15% of the overlap, led by 4004, 5801 and 5706.
 4004Resonac Holdings Corp. NPV | 0.14% | 0.44% | 0.14% |
|---|---|---|---|
 5801Furukawa Electric Co Ltd. NPV | 0.12% | 0.50% | 0.12% |
 5706Mitsui Kinzoku Co Ltd. NPV | 0.12% | 0.43% | 0.12% |
 UMIUmicore SA | 0.11% | 0.11% | 0.11% |
 7261Mazda Motor Corp. NPV | 0.10% | 0.11% | 0.10% |
 BSLBlueScope Steel Ltd | 0.10% | 0.26% | 0.10% |
 9501Tokyo Electric Power Co Holdings Inc | 0.09% | 0.16% | 0.09% |
 9147Nippon Express Holdings Inc NPV | 0.09% | 0.15% | 0.09% |
 ZIMZIM Integrated Shipping Services Ltd | 0.13% | 0.09% | 0.09% |
 3436Sumco Corp. NPV | 0.09% | 0.15% | 0.09% |
 TKAthyssenkrupp AG | 0.09% | 0.16% | 0.09% |
 4005Sumitomo Chemical Co Ltd. NPV | 0.08% | 0.13% | 0.08% |
 DCCDCC PLC | 0.08% | 0.18% | 0.08% |
 VOEvoestalpine AG | 0.07% | 0.15% | 0.07% |
 NDAAurubis AG | 0.07% | 0.15% | 0.07% |
 5333NGK Insulators Ltd | 0.07% | 0.20% | 0.07% |
 6963ROHM Co Ltd. NPV | 0.07% | 0.20% | 0.07% |
 SSABBSSAB AB, Class B | 0.07% | 0.16% | 0.07% |
 6976Taiyo Yuden Co Ltd. NPV | 0.07% | 0.14% | 0.07% |
 JMATJohnson Matthey PLC | 0.07% | 0.13% | 0.07% |
 FRValeo SE | 0.06% | 0.07% | 0.06% |
 5711Mitsubishi Materials Corp. NPV | 0.06% | 0.11% | 0.06% |
 ALDAmpol Ltd | 0.06% | 0.17% | 0.06% |
 5406Kobe Steel Ltd NPV | 0.06% | 0.12% | 0.06% |
 OUT1VOutokumpu Oyj | 0.06% | 0.07% | 0.06% |
Frequently Asked Questions
How much do FNDF and SCZ overlap?
FNDF and SCZ overlap by 7.1% of portfolio weight. They share 197 holdings (FNDF holds 888 positions and SCZ holds 2044), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and SCZ?
The two portfolios are 7.1% 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 SCZ?
The largest positions held by both funds are 4004, 5801, 5706, UMI and 7261. Together the top 10 shared positions account for 15% of the total overlap.
What does FNDF own that SCZ doesn't?
691 positions (92.1% of FNDF) are unique to FNDF, led by 005930, SHEL and TTE. In the other direction, 1847 positions (78.7% of SCZ) are unique to SCZ.