ACWX vs FNDF overlap - what they share and where they differ
ACWX and FNDF share 51.2% of their weight across 525 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
ACWX and FNDF
51.2%
525 shared positions
ACWX
iShares MSCI ACWI ex U.S. ETF
Reported positions cover 98% of the fund, 1,685 positions · Jul 31, 2026
Top 10: 16.2%·Holdings of ACWX
FNDF
Schwab Fundamental International Equity ETF
Reported positions cover 98% of the fund, 819 positions · May 31, 2026
Top 10: 17.7%·Holdings of FNDF
Reported positions cover ACWX 98%, FNDF 98% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
FNDF vs ACWX side by side
ACWXiShares MSCI ACWI ex U.S. ETF
1,685
stock positions reported to the SEC
34.2% of its weight is in 1,160 names FNDF does not hold
FNDFSchwab Fundamental International Equity ETF
819
stock positions reported to the SEC
14.0% of its weight is in 294 names ACWX does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: ACWX has 8.0 points more of it.
The figures side by side
| ACWX | FNDF | |
|---|---|---|
| Filing date | Jul 31, 2026 | May 31, 2026 |
| Stock positions reported | 1,685 | 819 |
| Weight of the ten largest | 16.2% | 17.7% |
| Largest position | TSM 4.9% | SAMSUNG ELECTRONICS CO., LTD. 5.5% |
| Held alone | 1,160 positions, 34.2% | 294 positions, 14.0% |
| Covered by stock positions | 98% | 98% |
Holdings they share
| Stock | In ACWX | In FNDF | Counted |
|---|---|---|---|
| SAMSUNG ELECTRONICS CO., LTD. | 2.48% | 5.52% | 2.48% |
| SKHYSK hynix Inc. | 1.70% | 1.37% | 1.37% |
| HSBCHSBC HOLDINGS PLC | 0.98% | 1.00% | 0.98% |
| MUFGMitsubishi Corporation | 0.89% | 0.95% | 0.89% |
| ROCHE HOLDING AG | 0.87% | 0.86% | 0.86% |
| SHELSHELL PLC | 0.69% | 2.19% | 0.69% |
| NESTLE S.A. | 0.70% | 0.67% | 0.67% |
| NVSNovartis AG | 0.77% | 0.59% | 0.59% |
| BHPBHP GROUP LIMITED | 0.58% | 1.22% | 0.58% |
| BANCO SANTANDER, S.A. | 0.56% | 0.73% | 0.56% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in ACWX
Only in FNDF
Questions people ask
Is ACWX the same as FNDF?
51.2% of their weight sits in the same 525 holdings. ACWX also reports TSM, TENCENT HOLDINGS LIMITED, BABA, which the other does not. FNDF also reports VOD, AP MOLLER - MAERSK A/S, UNICREDIT SPA, which the other does not.
How is the overlap between ACWX and FNDF measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 98% of ACWX and 98% of FNDF, so the number cannot exceed the smaller coverage.
Which holds more, FNDF or ACWX?
ACWX reports 1,685 stock positions and FNDF reports 819. 34.2% of ACWX's weight sits in names FNDF does not hold, and 14.0% of FNDF's weight in names ACWX does not hold. The ten largest positions are 16.2% of ACWX and 17.7% of FNDF.
How do ACWX and FNDF differ by sector?
The widest gap is Technology: ACWX has 8.0 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.