FNDF vs SPDW overlap - what they share and where they differ
FNDF and SPDW share 62.1% of their weight across 760 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.
FNDF and SPDW
62.1%
760 shared positions
FNDF
Schwab Fundamental International Equity ETF
Reported positions cover 98% of the fund, 835 positions · May 31, 2026
Top 10: 17.5%·Holdings of FNDF
SPDW
State Street(R) SPDR(R) Portfolio Developed World ex-US ETF
Reported positions cover 98% of the fund, 1,615 positions · Jun 30, 2026
Top 10: 14.5%·Holdings of SPDW
Reported positions cover FNDF 98%, SPDW 98% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SPDW vs FNDF side by side
FNDFSchwab Fundamental International Equity ETF
835
stock positions reported to the SEC
3.2% of its weight is in 75 names SPDW does not hold
SPDWState Street(R) SPDR(R) Portfolio Developed World ex-US ETF
1,615
stock positions reported to the SEC
15.8% of its weight is in 855 names FNDF does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Energy: FNDF has 4.7 points more of it.
The figures side by side
| FNDF | SPDW | |
|---|---|---|
| Filing date | May 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 835 | 1,615 |
| Weight of the ten largest | 17.5% | 14.5% |
| Largest position | SAMSUNG ELECTRONICS CO LTD 5.5% | SAMSUNG ELECTRONICS CO LTD 3.1% |
| Held alone | 75 positions, 3.2% | 855 positions, 15.8% |
| Covered by stock positions | 98% | 98% |
Holdings they share
| Stock | In FNDF | In SPDW | Counted |
|---|---|---|---|
| SAMSUNG ELECTRONICS CO LTD | 5.52% | 3.13% | 3.13% |
| SKHYSK hynix Inc | 1.37% | 2.79% | 1.37% |
| HSBCHSBC Holdings PLC | 1.00% | 0.97% | 0.97% |
| MUFGMitsubishi UFJ Financial Group Inc | 0.94% | 1.04% | 0.94% |
| ROCHE HOLDING AG | 0.86% | 0.89% | 0.86% |
| NODKNippon Sanso Holdings Corp | 1.03% | 0.75% | 0.75% |
| SHELShell PLC | 2.19% | 0.68% | 0.68% |
| NESTLE SA | 0.67% | 0.80% | 0.67% |
| SMFGSumitomo Mitsui Trust Holdings Inc | 0.64% | 0.68% | 0.64% |
| BHPBHP Group Ltd | 1.22% | 0.63% | 0.63% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in FNDF
Only in SPDW
Questions people ask
Is FNDF the same as SPDW?
62.1% of their weight sits in the same 760 holdings. FNDF also reports AUSTRALIA & NEW ZEALAND BANKING GROUP LTD, MDT, ORLEN SA, which the other does not. SPDW also reports SK SQUARE CO LTD, INVESTOR AB, ANZ GROUP HOLDINGS LTD, which the other does not.
How is the overlap between FNDF and SPDW 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 FNDF and 98% of SPDW, so the number cannot exceed the smaller coverage.
Which holds more, SPDW or FNDF?
FNDF reports 835 stock positions and SPDW reports 1,615. 3.2% of FNDF's weight sits in names SPDW does not hold, and 15.8% of SPDW's weight in names FNDF does not hold. The ten largest positions are 17.5% of FNDF and 14.5% of SPDW.
How do FNDF and SPDW differ by sector?
The widest gap is Energy: FNDF has 4.7 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.
Other pairs with these funds
SPDW against other funds in the table
Add a third fund in the tool·All fund pairs
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.