FNDX vs DFAU: Holdings Overlap
FNDXSchwab Fundamental U.S. Large Company ETF
Schwab · 733 holdings · $27.4B · as of 2026-05-31
DFAUDimensional US Core Equity Market ETF
Dimensional · 2190 holdings · $12.4B · as of 2026-04-30
Holdings snapshots are 31 days apart (FNDX: 2026-05-31, DFAU: 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 FNDX and DFAU?
Schwab Fundamental U.S. Large Company ETF (FNDX, by Schwab) holds 733 positions; Dimensional US Core Equity Market ETF (DFAU, by Dimensional) holds 2190. They have 684 holdings in common, and by portfolio weight the two funds are 64.2% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 64.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 684FNDX holds 733 · DFAU holds 2190
- Weight in Shared Holdings
- FNDX 98%·DFAU 90%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 FNDX
49 of 733 positions (1.8% of the fund) are not held by DFAU. Showing the top 30 by weight.
Only in DFAU
1506 of 2190 positions (10.1% of the fund) are not held by FNDX. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDX | DFAU |
|---|---|---|
| Information Technology | 21.4% | 31.7% |
| Financials | 13.8% | 13.0% |
| Health Care | 11.8% | 8.4% |
| Industrials | 9.3% | 11.0% |
| Consumer Discretionary | 8.7% | 10.5% |
| Other Sectors | 34.7% | 25.0% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FNDX | +3.1% | +19.7% | +33.0% | +20.0% | +14.0% | +14.3% | 1.43% |
| DFAU | +3.5% | +14.9% | +24.8% | +20.5% | +12.9% | — | 0.88% |
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 FNDX vs DFAU →
Shared Holdings(684)
The top 10 shared positions account for 29% of the overlap, led by AAPL, GOOGL and MSFT.
 AAPLApple Inc. COM | 4.63% | 5.76% | 4.63% |
|---|---|---|---|
 GOOGLAlphabet Inc. CAP STK CL A | 2.38% | 3.06% | 2.38% |
 MSFTMicrosoft Corp. COM | 2.32% | 4.62% | 2.32% |
 GOOGAlphabet Inc. CAP STK CL C | 1.89% | 2.53% | 1.89% |
 AMZNAmazon.com, Inc. COM | 1.85% | 3.66% | 1.85% |
 METAMeta Platforms, Inc., Class A | 1.24% | 2.03% | 1.24% |
 JPMJPMorgan Chase & Co. COM | 1.38% | 1.20% | 1.20% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.41% | 1.07% | 1.07% |
 MUMicron Technology Inc. COM | 1.59% | 0.94% | 0.94% |
 XOMExxon Mobil Corp. COM | 2.28% | 0.92% | 0.92% |
 WMTWalmart Inc COM | 1.01% | 0.70% | 0.70% |
 JNJJohnson & Johnson COM | 0.96% | 0.67% | 0.67% |
 AVGOBroadcom Inc COM | 0.65% | 2.58% | 0.65% |
 CATCaterpillar Inc COM | 0.60% | 0.56% | 0.56% |
 NVDANVIDIA Corp. COM | 0.55% | 6.83% | 0.55% |
 COSTCostco Wholesale Corporation COM | 0.53% | 0.53% | 0.53% |
 PGThe Procter & Gamble Co. COM | 0.66% | 0.53% | 0.53% |
 INTCIntel Corporation COM | 2.57% | 0.51% | 0.51% |
 CVXChevron Corp. COM | 1.48% | 0.48% | 0.48% |
 ABBVAbbVie Inc. COM | 0.53% | 0.48% | 0.48% |
 HDHome Depot, Inc. (The) | 0.52% | 0.47% | 0.47% |
 BACBank of America Corp. COM | 0.87% | 0.45% | 0.45% |
 CSCOCisco Systems, Inc. COM | 0.90% | 0.44% | 0.44% |
 MRKMerck & Co., Inc COM | 0.68% | 0.44% | 0.44% |
 LRCXLam Research Corporation COM NEW | 0.41% | 0.41% | 0.41% |
Showing the top 250 of 684 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDX and DFAU overlap?
FNDX and DFAU overlap by 64.2% of portfolio weight. They share 684 holdings (FNDX holds 733 positions and DFAU holds 2190), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDX and DFAU?
The two portfolios are 64.2% 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 FNDX and DFAU?
The largest positions held by both funds are AAPL, GOOGL, MSFT, GOOG and AMZN. Together the top 10 shared positions account for 29% of the total overlap.
What does FNDX own that DFAU doesn't?
49 positions (1.8% of FNDX) are unique to FNDX, led by PLD, AMT and WY. In the other direction, 1506 positions (10.1% of DFAU) are unique to DFAU.