FNDF vs VNQI: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDF: 2026-05-31, VNQI: 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 VNQI?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 18 holdings in common, and by portfolio weight the two funds are 0.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 18FNDF holds 888 · VNQI holds 710
- Weight in Shared Holdings
- FNDF 1%·VNQI 26%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
870 of 888 positions (98.6% of the fund) are not held by VNQI. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDF | VNQI |
|---|---|---|
| Real Estate | 0.6% | 64.7% |
| Financials | 15.8% | 0.0% |
| Information Technology | 12.3% | 0.0% |
| Industrials | 11.4% | 0.0% |
| Energy | 10.0% | 0.0% |
| Other Sectors | 36.1% | 0.0% |
| Unclassified | 13.1% | 34.3% |
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, 35% of VNQI).
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% |
| VNQI | +1.6% | +0.8% | +3.4% | +8.5% | -0.7% | +2.2% | 4.66% |
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 VNQI →
Shared Holdings(18)
The top 10 shared positions account for 80% of the overlap, led by 1925, 8802 and 8801.
 1925Daiwa House Industry Co Ltd | 0.11% | 1.68% | 0.11% |
|---|---|---|---|
 8802Mitsubishi Estate Co Ltd | 0.08% | 3.14% | 0.08% |
 8801Mitsui Fudosan Co. Ltd. | 0.08% | 2.76% | 0.08% |
 16Sun Hung Kai Properties Ltd. | 0.07% | 2.44% | 0.07% |
 1113CK Asset Holdings Ltd | 0.06% | 1.12% | 0.06% |
 1878Daito Trust Construction Co Ltd | 0.05% | 0.63% | 0.05% |
 17New World Development Co Ltd | 0.04% | 0.13% | 0.04% |
 8830Sumitomo Realty & Development Co. Ltd. | 0.04% | 2.63% | 0.04% |
 URWUnibail-Rodamco-Westfield | 0.04% | 1.34% | 0.04% |
 VNAVonovia SE | 0.04% | 2.05% | 0.04% |
 823Link REIT | 0.03% | 1.19% | 0.03% |
 SCGScentre Group | 0.03% | 1.27% | 0.03% |
 3289Tokyu Fudosan Holdings Corp | 0.03% | 0.46% | 0.03% |
 GMGGoodman Group | 0.02% | 4.01% | 0.02% |
 SGPStockland | 0.02% | 0.64% | 0.02% |
 IWGInternational Workplace Group PLC | 0.01% | 0.17% | 0.01% |
 LLCLendlease Corp Ltd | 0.01% | 0.14% | 0.01% |
 KREITKeppel REIT | 0.00% | 0.20% | 0.00% |
Frequently Asked Questions
How much do FNDF and VNQI overlap?
FNDF and VNQI overlap by 0.7% of portfolio weight. They share 18 holdings (FNDF holds 888 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and VNQI?
The two portfolios are 0.7% 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 VNQI?
The largest positions held by both funds are 1925, 8802, 8801, 16 and 1113. Together the top 10 shared positions account for 80% of the total overlap.
What does FNDF own that VNQI doesn't?
870 positions (98.6% of FNDF) are unique to FNDF, led by 005930, SHEL and TTE. In the other direction, 692 positions (73.0% of VNQI) are unique to VNQI.