FNDF vs VEA: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
VEAVanguard Developed Markets Index Fund
Vanguard · 3886 holdings · $235.0B · as of 2026-03-31
Holdings snapshots are 61 days apart (FNDF: 2026-05-31, VEA: 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 VEA?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; Vanguard Developed Markets Index Fund (VEA, by Vanguard) holds 3886. They have 850 holdings in common, and by portfolio weight the two funds are 60.5% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 60.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 850FNDF holds 888 · VEA holds 3886
- Weight in Shared Holdings
- FNDF 97%·VEA 79%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
38 of 888 positions (1.8% of the fund) are not held by VEA. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDF | VEA |
|---|---|---|
| Financials | 15.8% | 20.4% |
| Industrials | 11.4% | 13.9% |
| Information Technology | 12.3% | 9.9% |
| Energy | 10.0% | 4.8% |
| Materials | 9.5% | 6.2% |
| Other Sectors | 27.2% | 25.4% |
| Unclassified | 13.1% | 18.5% |
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, 19% of VEA).
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% |
| VEA | +3.0% | +17.5% | +29.9% | +19.8% | +10.2% | +10.3% | 2.49% |
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 VEA →
Shared Holdings(850)
The top 10 shared positions account for 15% of the overlap, led by 005930, 000660 and HSBA.
 005930Samsung Electronics Co Ltd | 5.51% | 1.88% | 1.88% |
|---|---|---|---|
 000660SK hynix Inc | 1.37% | 1.05% | 1.05% |
 HSBAHSBC Holdings PLC | 1.00% | 0.97% | 0.97% |
 SHELShell PLC | 2.19% | 0.90% | 0.90% |
 ROPRoche Holding AG | 0.82% | 0.96% | 0.82% |
 7203Toyota Motor Corp. NPV | 0.89% | 0.76% | 0.76% |
 NESNNestle SA (Registered) | 0.67% | 0.87% | 0.67% |
 BHPBHP Group Ltd. | 1.22% | 0.61% | 0.61% |
 NOVNNovartis AG (Registered) | 0.59% | 1.01% | 0.59% |
 TTETotalEnergies SE EUR2.5 | 1.69% | 0.57% | 0.57% |
 SANBanco Santander SA | 0.73% | 0.56% | 0.56% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.52% | 0.78% | 0.52% |
 TDThe Toronto-Dominion Bank COM NEW | 0.50% | 0.54% | 0.50% |
 SIESiemens AG (Registered) | 0.47% | 0.61% | 0.47% |
 DTEDeutsche Telekom AG (Registered) | 0.62% | 0.44% | 0.44% |
 ALVAllianz SE (Registered) | 0.43% | 0.55% | 0.43% |
 BP-BP plc | 1.08% | 0.42% | 0.42% |
 BATSBritish American Tobacco PLC | 0.58% | 0.42% | 0.42% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 0.41% | 0.42% | 0.41% |
 6501Hitachi Ltd. NPV | 0.40% | 0.44% | 0.40% |
 ASMLASML Holding NV | 0.40% | 1.77% | 0.40% |
 8058Mitsubishi Corp. NPV | 0.62% | 0.39% | 0.39% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.38% | 1.01% | 0.38% |
 ENBEnbridge Inc. COM | 0.37% | 0.41% | 0.37% |
 GSKGSK plc | 0.36% | 0.38% | 0.36% |
Showing the top 250 of 850 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDF and VEA overlap?
FNDF and VEA overlap by 60.5% of portfolio weight. They share 850 holdings (FNDF holds 888 positions and VEA holds 3886), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and VEA?
The two portfolios are 60.5% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of FNDF and VEA?
The largest positions held by both funds are 005930, 000660, HSBA, SHEL and ROP. Together the top 10 shared positions account for 15% of the total overlap.
What does FNDF own that VEA doesn't?
38 positions (1.8% of FNDF) are unique to FNDF, led by MDT, NXPI and TEVA. In the other direction, 3036 positions (19.8% of VEA) are unique to VEA.