FNDF vs VSS: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
VSSVanguard FTSE All-world Ex-us Small-cap Index Fund
Vanguard · 4810 holdings · $11.7B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDF: 2026-05-31, VSS: 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 VSS?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; Vanguard FTSE All-world Ex-us Small-cap Index Fund (VSS, by Vanguard) holds 4810. They have 76 holdings in common, and by portfolio weight the two funds are 2.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 76FNDF holds 888 · VSS holds 4810
- Weight in Shared Holdings
- FNDF 2%·VSS 7%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
812 of 888 positions (96.8% of the fund) are not held by VSS. Showing the top 30 by weight.
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% |
| VSS | +3.4% | +11.3% | +19.8% | +15.6% | +6.0% | +8.0% | 3.14% |
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 VSS →
Shared Holdings(76)
The top 10 shared positions account for 29% of the overlap, led by UMI, TKA and NDA.
 UMIUmicore SA | 0.11% | 0.12% | 0.11% |
|---|---|---|---|
 TKAthyssenkrupp AG | 0.09% | 0.16% | 0.09% |
 NDAAurubis AG | 0.07% | 0.19% | 0.07% |
 VOEvoestalpine AG | 0.07% | 0.17% | 0.07% |
 WFGWest Fraser Timber Co Ltd | 0.07% | 0.09% | 0.07% |
 JMATJohnson Matthey PLC | 0.07% | 0.12% | 0.07% |
 FRValeo SE | 0.06% | 0.07% | 0.06% |
 OUT1VOutokumpu Oyj | 0.06% | 0.07% | 0.06% |
 AKEArkema SA | 0.06% | 0.11% | 0.06% |
 WPPWPP PLC | 0.05% | 0.11% | 0.05% |
 FRVIAForvia SE | 0.06% | 0.05% | 0.05% |
 FTTFinning International Inc | 0.05% | 0.26% | 0.05% |
 ADENAdecco Group AG | 0.05% | 0.10% | 0.05% |
 TEPTeleperformance SE | 0.04% | 0.10% | 0.04% |
 SESGSES SA | 0.04% | 0.08% | 0.04% |
| ams-OSRAM AG | 0.05% | 0.04% | 0.04% |
| Currys PLC | 0.04% | 0.05% | 0.04% |
 LIGHTSignify NV | 0.04% | 0.07% | 0.04% |
 APAMAPERAM SA | 0.04% | 0.06% | 0.04% |
 SUBCSubsea 7 SA | 0.04% | 0.22% | 0.04% |
 PUMPuma SE | 0.03% | 0.08% | 0.03% |
 8078Hanwa Co Ltd NPV | 0.03% | 0.04% | 0.03% |
 SDFK+S AG (Registered) | 0.03% | 0.09% | 0.03% |
 ABDNAberdeen Group PLC | 0.03% | 0.14% | 0.03% |
 MEOHMethanex Corp | 0.03% | 0.12% | 0.03% |
Frequently Asked Questions
How much do FNDF and VSS overlap?
FNDF and VSS overlap by 2.4% of portfolio weight. They share 76 holdings (FNDF holds 888 positions and VSS holds 4810), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and VSS?
The two portfolios are 2.4% 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 VSS?
The largest positions held by both funds are UMI, TKA, NDA, VOE and WFG. Together the top 10 shared positions account for 29% of the total overlap.
What does FNDF own that VSS doesn't?
812 positions (96.8% of FNDF) are unique to FNDF, led by 005930, SHEL and TTE. In the other direction, 4734 positions (92.4% of VSS) are unique to VSS.