FNDX vs IWV: Holdings Overlap
FNDXSchwab Fundamental U.S. Large Company ETF
Schwab · 733 holdings · $27.4B · as of 2026-05-31
iShares · 2590 holdings · $20.4B · as of 2026-03-31
Holdings snapshots are 61 days apart (FNDX: 2026-05-31, IWV: 2026-03-31). 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 IWV?
Schwab Fundamental U.S. Large Company ETF (FNDX, by Schwab) holds 733 positions; iShares Russell 3000 ETF (IWV, by iShares) holds 2590. They have 725 holdings in common, and by portfolio weight the two funds are 63.9% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 63.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 725FNDX holds 733 · IWV holds 2590
- Weight in Shared Holdings
- FNDX 99%·IWV 89%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
8 of 733 positions (0.5% of the fund) are not held by IWV.
Only in IWV
1865 of 2590 positions (10.5% of the fund) are not held by FNDX. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDX | IWV |
|---|---|---|
| Information Technology | 21.4% | 30.1% |
| Financials | 13.8% | 13.0% |
| Health Care | 11.8% | 10.0% |
| Industrials | 9.3% | 10.3% |
| Consumer Discretionary | 8.7% | 9.9% |
| Other Sectors | 34.7% | 26.3% |
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.
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% |
| IWV | +3.3% | +14.3% | +23.8% | +20.7% | +12.2% | +14.7% | 0.85% |
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 IWV →
Shared Holdings(725)
The top 10 shared positions account for 30% of the overlap, led by AAPL, GOOGL and MSFT.
 AAPLApple Inc. COM | 4.63% | 5.82% | 4.63% |
|---|---|---|---|
 GOOGLAlphabet Inc. CAP STK CL A | 2.38% | 2.66% | 2.38% |
 MSFTMicrosoft Corp. COM | 2.32% | 4.37% | 2.32% |
 GOOGAlphabet Inc. CAP STK CL C | 1.89% | 2.16% | 1.89% |
 AMZNAmazon.com, Inc. COM | 1.85% | 3.18% | 1.85% |
 BRK-BBerkshire Hathaway Inc. CL B NEW | 1.41% | 1.41% | 1.41% |
 JPMJPMorgan Chase & Co. COM | 1.38% | 1.27% | 1.27% |
 METAMeta Platforms Inc CL A | 1.24% | 1.99% | 1.24% |
 XOMExxon Mobil Corp. COM | 2.28% | 1.14% | 1.14% |
 JNJJohnson & Johnson COM | 0.96% | 0.94% | 0.94% |
 WMTWalmart Inc COM | 1.01% | 0.86% | 0.86% |
 AVGOBroadcom Inc COM | 0.65% | 2.27% | 0.65% |
 CVXChevron Corp. COM | 1.48% | 0.62% | 0.62% |
 MUMicron Technology Inc. COM | 1.59% | 0.60% | 0.60% |
 NVDANVIDIA Corp. COM | 0.55% | 6.50% | 0.55% |
 PGThe Procter & Gamble Co. COM | 0.66% | 0.54% | 0.54% |
 COSTCostco Wholesale Corporation COM | 0.53% | 0.70% | 0.53% |
 ABBVAbbVie Inc. COM | 0.53% | 0.61% | 0.53% |
 CATCaterpillar Inc COM | 0.60% | 0.52% | 0.52% |
 HDHome Depot Inc. COM | 0.52% | 0.52% | 0.52% |
 BACBank of America Corp. COM | 0.87% | 0.51% | 0.51% |
 CSCOCisco Systems, Inc. COM | 0.90% | 0.49% | 0.49% |
 MRKMerck & Co., Inc COM | 0.68% | 0.48% | 0.48% |
 AMATApplied Materials Inc. COM | 0.47% | 0.43% | 0.43% |
 LRCXLam Research Corporation COM NEW | 0.41% | 0.43% | 0.41% |
Showing the top 250 of 725 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNDX and IWV overlap?
FNDX and IWV overlap by 63.9% of portfolio weight. They share 725 holdings (FNDX holds 733 positions and IWV holds 2590), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDX and IWV?
The two portfolios are 63.9% 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 IWV?
The largest positions held by both funds are AAPL, GOOGL, MSFT, GOOG and AMZN. Together the top 10 shared positions account for 30% of the total overlap.
What does FNDX own that IWV doesn't?
8 positions (0.5% of FNDX) are unique to FNDX, led by STX, TEL and PSKY. In the other direction, 1865 positions (10.5% of IWV) are unique to IWV.