Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
EFA vs FNDX: how they differ
EFA and FNDX hold 0% of their weight in the same names, and FNDX returned more over the year.
iShares MSCI EAFE ETF and Schwab Fundamental U.S. Large Company ETF.
What they hold in common
By the books each fund has filed, EFA and FNDX hold 0% of their money in the same securities at the same weight.
| Only in EFA | Only in FNDX |
|---|---|
| ASML Holding N.V. 2.60% | Apple Inc 4.64% |
| HSBC HOLDINGS PLC 1.47% | Intel Corp 2.57% |
| ASTRAZENECA PLC 1.36% | Alphabet Inc 2.38% |
| Novartis AG 1.30% | Microsoft Corp 2.33% |
| Nestle S.A. 1.21% | Exxon Mobil Corp 2.29% |
| SHELL PLC 1.20% | Alphabet Inc 1.90% |
| Siemens Aktiengesellschaft 1.05% | Amazon.com Inc 1.86% |
| COMMONWEALTH BANK OF AUSTRALIA 0.98% | Micron Technology Inc 1.60% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| EFA iShares MSCI EAFE ETF | FNDX Schwab Fundamental U.S. Large Company ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Schwab |
| What it is | Developed markets ex US | Fundamental U.S. Large Company |
| Total return, 1 year | +18.2% | +26.1% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +0.7 pts | +8.6 pts |
| Expense ratio | 0.32% | 0.25% |
| Already in the S&P 500 | 0.0% | 91.2% |
| Holdings | 705 | 733 |
EFA in plain words
EFA is an index equity fund tracking the Developed markets ex US. Over the year to Sep 11, 2026 it returned +18.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.32% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 705 positions, with the top ten at 13.4%.
FNDX in plain words
FNDX is an index equity fund tracking the Fundamental U.S. Large Company. Over the year to Sep 11, 2026 it returned +26.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.25% a year. By its holdings filed for May 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 733 positions, with the top ten at 22.5%.
Questions people ask
- Which returned more over the last year, EFA or FNDX?
- In the year to Sep 12, 2026, with distributions reinvested, EFA returned +18.2% and FNDX returned +26.1%, so FNDX returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, EFA or FNDX?
- EFA charges 0.32% a year and FNDX charges 0.25%, so FNDX is cheaper. Fees come from each fund's prospectus.
- How much do EFA and FNDX overlap with the S&P 500?
- By their latest filed holdings, 0% of EFA and 91% of FNDX by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, EFA against FNDX, data as of Sep 12, 2026. https://etfiq.com/compare/any/EFA-FNDX Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources