FNDF vs VWO: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
VWOVanguard Emerging Markets Stock Index Fund
Vanguard · 5015 holdings · $124.9B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDF: 2026-05-31, VWO: 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 VWO?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; Vanguard Emerging Markets Stock Index Fund (VWO, by Vanguard) holds 5015. They have 4 holdings in common, and by portfolio weight the two funds are 0.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4FNDF holds 888 · VWO holds 5015
- Weight in Shared Holdings
- FNDF 0%·VWO 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
884 of 888 positions (99.2% of the fund) are not held by VWO. Showing the top 30 by weight.
Only in VWO
5011 of 5015 positions (98.6% of the fund) are not held by FNDF. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDF | VWO |
|---|---|---|
| Information Technology | 12.3% | 23.7% |
| Financials | 15.8% | 12.6% |
| Industrials | 11.4% | 1.9% |
| Energy | 10.0% | 3.1% |
| Materials | 9.5% | 3.4% |
| Other Sectors | 27.2% | 17.2% |
| Unclassified | 13.1% | 37.4% |
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, 38% of VWO).
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% |
| VWO | +2.7% | +12.6% | +22.3% | +16.6% | +6.6% | +7.9% | 2.29% |
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 VWO →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by AU, 148 and VAL.
Frequently Asked Questions
How much do FNDF and VWO overlap?
FNDF and VWO overlap by 0.1% of portfolio weight. They share 4 holdings (FNDF holds 888 positions and VWO holds 5015), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and VWO?
The two portfolios are 0.1% 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 VWO?
The largest positions held by both funds are AU, 148, VAL and 384. Together the top 4 shared positions account for 100% of the total overlap.
What does FNDF own that VWO doesn't?
884 positions (99.2% of FNDF) are unique to FNDF, led by 005930, SHEL and TTE. In the other direction, 5011 positions (98.6% of VWO) are unique to VWO.