FNDF vs SPEM: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
Holdings snapshots are 67 days apart (FNDF: 2026-05-31, SPEM: 2026-08-06). 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 SPEM?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776. They have 10 holdings in common, and by portfolio weight the two funds are 0.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10FNDF holds 888 · SPEM holds 2776
- Weight in Shared Holdings
- FNDF 1%·SPEM 1%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
878 of 888 positions (98.7% of the fund) are not held by SPEM. Showing the top 30 by weight.
Only in SPEM
2766 of 2776 positions (107.5% of the fund) are not held by FNDF. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDF | SPEM |
|---|---|---|
| Information Technology | 12.3% | 25.3% |
| Financials | 15.8% | 15.1% |
| Industrials | 11.4% | 1.5% |
| Energy | 10.0% | 2.9% |
| Materials | 9.5% | 3.8% |
| Other Sectors | 27.2% | 16.7% |
| Unclassified | 13.1% | 43.5% |
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, 40% of SPEM).
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% |
| SPEM | +2.8% | +13.1% | +22.8% | +17.3% | +7.2% | +8.6% | 2.48% |
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 SPEM →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by PKN, 288 and KGH.
 PKNOrlen SA PLN1.25 | 0.20% | 0.21% | 0.20% |
|---|---|---|---|
 288WH Group Ltd | 0.09% | 0.08% | 0.08% |
 KGHKGHM Polska Miedz SA | 0.07% | 0.19% | 0.07% |
 148Kingboard Holdings Ltd | 0.06% | 0.11% | 0.06% |
 PZUPowszechny Zaklad Ubezpieczen SA | 0.05% | 0.19% | 0.05% |
 PKOPowszechna Kasa Oszczednosci Bank Polski SA | 0.03% | 0.26% | 0.03% |
 PEOBank Polska Kasa Opieki SA | 0.03% | 0.17% | 0.03% |
 1308SITC International Holdings Co Ltd | 0.03% | 0.08% | 0.03% |
 PGEPGE Polska Grupa Energetyczna SA | 0.02% | 0.03% | 0.02% |
 VALValterra Platinum Ltd | 0.02% | 0.16% | 0.02% |
Frequently Asked Questions
How much do FNDF and SPEM overlap?
FNDF and SPEM overlap by 0.6% of portfolio weight. They share 10 holdings (FNDF holds 888 positions and SPEM holds 2776), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and SPEM?
The two portfolios are 0.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FNDF and SPEM?
The largest positions held by both funds are PKN, 288, KGH, 148 and PZU. Together the top 10 shared positions account for 100% of the total overlap.
What does FNDF own that SPEM doesn't?
878 positions (98.7% of FNDF) are unique to FNDF, led by 005930, SHEL and TTE. In the other direction, 2766 positions (107.5% of SPEM) are unique to SPEM.