FNDF vs SPY: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 67 days apart (FNDF: 2026-05-31, SPY: 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 SPY?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 8 holdings in common, and by portfolio weight the two funds are 0.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8FNDF holds 888 · SPY holds 504
- Weight in Shared Holdings
- FNDF 1%·SPY 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
880 of 888 positions (98.6% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDF | SPY |
|---|---|---|
| Information Technology | 12.3% | 37.6% |
| Financials | 15.8% | 12.3% |
| Industrials | 11.4% | 8.8% |
| Energy | 10.0% | 3.2% |
| Communication Services | 4.3% | 9.7% |
| Other Sectors | 32.4% | 28.4% |
| 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 SPY).
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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(8)
The top 8 shared positions account for 99% of the overlap, led by MDT, NXPI and TT.
 MDTMedtronic PLC USD0.0001 | 0.20% | 0.17% | 0.17% |
|---|---|---|---|
 NXPINXP Semiconductors NV EUR0.20 | 0.15% | 0.09% | 0.09% |
 TTTrane Technologies PLC COM USD1 | 0.06% | 0.16% | 0.06% |
 GRMNGarmin Ltd COM CHF10.00 | 0.05% | 0.07% | 0.05% |
 SWSmurfit WestRock plc COM USD0.001 | 0.06% | 0.04% | 0.04% |
 LULULululemon Athletica Inc. COM | 0.04% | 0.02% | 0.02% |
 APTVAptiv PLC COM SHS | 0.08% | 0.01% | 0.01% |
 ALLEAllegion PLC COM USD0.01 | 0.01% | 0.02% | 0.01% |
Frequently Asked Questions
How much do FNDF and SPY overlap?
FNDF and SPY overlap by 0.5% of portfolio weight. They share 8 holdings (FNDF holds 888 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and SPY?
The two portfolios are 0.5% 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 SPY?
The largest positions held by both funds are MDT, NXPI, TT, GRMN and SW. Together the top 8 shared positions account for 99% of the total overlap.
What does FNDF own that SPY doesn't?
880 positions (98.6% of FNDF) are unique to FNDF, led by 005930, SHEL and TTE. In the other direction, 496 positions (99.3% of SPY) are unique to SPY.