FNDX vs IWD overlap - what they share and where they differ
FNDX and IWD share 63.8% of their weight across 571 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.
FNDX and IWD
63.8%
571 shared positions
FNDX
Schwab Fundamental U.S. Large Company ETF
Reported positions cover 100% of the fund, 732 positions · May 31, 2026
Top 10: 23.8%·Holdings of FNDX
IWD
iShares Russell 1000 Value ETF
Reported positions cover 100% of the fund, 858 positions · Jun 30, 2026
Top 10: 27.8%·Holdings of IWD
Reported positions cover FNDX 100%, IWD 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
IWD vs FNDX side by side
FNDXSchwab Fundamental U.S. Large Company ETF
732
stock positions reported to the SEC
17.9% of its weight is in 161 names IWD does not hold
IWDiShares Russell 1000 Value ETF
858
stock positions reported to the SEC
7.1% of its weight is in 287 names FNDX does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Energy: FNDX has 9.2 points more of it.
The figures side by side
| FNDX | IWD | |
|---|---|---|
| Filing date | May 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 732 | 858 |
| Weight of the ten largest | 23.8% | 27.8% |
| Largest position | AAPL 4.6% | AMZN 5.9% |
| Held alone | 161 positions, 17.9% | 287 positions, 7.1% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In FNDX | In IWD | Counted |
|---|---|---|---|
| AAPLApple Inc | 4.63% | 5.37% | 4.63% |
| MSFTMicrosoft Corp | 2.32% | 3.88% | 2.32% |
| AMZNAmazon.com Inc | 1.85% | 5.93% | 1.85% |
| INTCIntel Corp | 2.57% | 1.72% | 1.72% |
| XOMExxon Mobil Corp | 2.28% | 1.59% | 1.59% |
| BRK.ABerkshire Hathaway Inc | 1.41% | 2.61% | 1.41% |
| JPMJPMorgan Chase & Co | 1.38% | 2.45% | 1.38% |
| UNHUnitedHealth Group Inc | 1.37% | 1.05% | 1.05% |
| WMTWalmart Inc | 1.01% | 1.27% | 1.01% |
| JNJJohnson & Johnson | 0.97% | 1.71% | 0.97% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in FNDX
Only in IWD
Questions people ask
Is FNDX the same as IWD?
63.8% of their weight sits in the same 571 holdings. FNDX also reports GOOGL, MU, AVGO, which the other does not. IWD also reports JOHNSON CONTROLS INTERNATIONAL PUBLIC LIMITED COMPANY, ACCENTURE PUBLIC LIMITED COMPANY, HONA, which the other does not.
How is the overlap between FNDX and IWD measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of FNDX and 100% of IWD, so the number cannot exceed the smaller coverage.
Which holds more, IWD or FNDX?
FNDX reports 732 stock positions and IWD reports 858. 17.9% of FNDX's weight sits in names IWD does not hold, and 7.1% of IWD's weight in names FNDX does not hold. The ten largest positions are 23.8% of FNDX and 27.8% of IWD.
How do FNDX and IWD differ by sector?
The widest gap is Energy: FNDX has 9.2 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.