FNDF vs VEU: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDF: 2026-05-31, VEU: 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 VEU?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 781 holdings in common, and by portfolio weight the two funds are 52.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 52.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 781FNDF holds 888 · VEU holds 3855
- Weight in Shared Holdings
- FNDF 95%·VEU 63%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
107 of 888 positions (4.0% of the fund) are not held by VEU. Showing the top 30 by weight.
Only in VEU
3074 of 3855 positions (36.3% of the fund) are not held by FNDF. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDF | VEU |
|---|---|---|
| Financials | 15.8% | 20.0% |
| Information Technology | 12.3% | 16.2% |
| Industrials | 11.4% | 11.7% |
| Energy | 10.0% | 4.5% |
| Materials | 9.5% | 5.4% |
| Other Sectors | 27.2% | 23.7% |
| Unclassified | 13.1% | 17.4% |
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, 18% of VEU).
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% |
| VEU | +2.8% | +16.6% | +28.4% | +19.2% | +9.6% | +9.9% | 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 VEU →
Shared Holdings(781)
The top 10 shared positions account for 15% of the overlap, led by 005930, 000660 and HSBA.
 005930Samsung Electronics Co Ltd | 5.51% | 1.81% | 1.81% |
|---|---|---|---|
 000660SK hynix Inc | 1.37% | 1.23% | 1.23% |
 HSBAHSBC Holdings PLC | 1.00% | 0.80% | 0.80% |
 ROPRoche Holding AG | 0.82% | 0.73% | 0.73% |
 NESNNestle SA (Registered) | 0.67% | 0.66% | 0.66% |
 SHELShell PLC | 2.19% | 0.66% | 0.66% |
 NOVNNovartis AG (Registered) | 0.59% | 0.72% | 0.59% |
 7203Toyota Motor Corp. NPV | 0.89% | 0.52% | 0.52% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.52% | 0.64% | 0.52% |
 BHPBHP Group Ltd. | 1.22% | 0.49% | 0.49% |
 SIESiemens AG (Registered) | 0.47% | 0.56% | 0.47% |
 TDThe Toronto-Dominion Bank COM NEW | 0.50% | 0.46% | 0.46% |
 SANBanco Santander SA | 0.73% | 0.45% | 0.45% |
 ALVAllianz SE (Registered) | 0.43% | 0.44% | 0.43% |
 TTETotalEnergies SE EUR2.5 | 1.69% | 0.43% | 0.43% |
 ASMLASML Holding NV | 0.40% | 1.43% | 0.40% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.38% | 0.72% | 0.38% |
 6501Hitachi Ltd. NPV | 0.40% | 0.35% | 0.35% |
 9984SoftBank Group Corp. | 0.41% | 0.34% | 0.34% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 0.33% | 0.35% | 0.33% |
 IBEIberdrola SA | 0.33% | 0.39% | 0.33% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.32% | 0.50% | 0.32% |
 8316Sumitomo Mitsui Financial Group Inc. NPV | 0.32% | 0.33% | 0.32% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 0.41% | 0.32% | 0.32% |
 ULVRUnilever PLC | 0.32% | 0.32% | 0.32% |
Showing the top 250 of 781 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDF and VEU overlap?
FNDF and VEU overlap by 52.3% of portfolio weight. They share 781 holdings (FNDF holds 888 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and VEU?
The two portfolios are 52.3% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of FNDF and VEU?
The largest positions held by both funds are 005930, 000660, HSBA, ROP and NESN. Together the top 10 shared positions account for 15% of the total overlap.
What does FNDF own that VEU doesn't?
107 positions (4.0% of FNDF) are unique to FNDF, led by MDT, NXPI and TEVA. In the other direction, 3074 positions (36.3% of VEU) are unique to VEU.