Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FNDX vs IWM: how they differ
FNDX and IWM hold 2% of their weight in the same names, and FNDX returned more over the year.
Schwab Fundamental U.S. Large Company ETF and iShares Russell 2000 ETF.
What they hold in common
By the books each fund has filed, FNDX and IWM hold 2% of their money in the same securities at the same weight.
| Holding | FNDX | IWM |
|---|---|---|
| Lumen Technologies Inc | 0.22% | 0.23% |
| PBF Energy Inc | 0.10% | 0.14% |
| Kohl's Corp | 0.06% | 0.06% |
| SM Energy Co | 0.06% | 0.20% |
| United Natural Foods Inc | 0.06% | 0.09% |
| Vishay Intertechnology Inc | 0.06% | 0.21% |
| World Kinect Corp | 0.05% | 0.05% |
| Huntsman Corp | 0.05% | 0.06% |
| Commercial Metals Co | 0.05% | 0.22% |
| Advance Auto Parts Inc | 0.04% | 0.12% |
| Murphy Oil Corp | 0.04% | 0.14% |
| Matson Inc | 0.04% | 0.18% |
| Only in FNDX | Only in IWM |
|---|---|
| Apple Inc 4.64% | Moog, Inc. 0.38% |
| Intel Corp 2.57% | Hut 8 Corp. 0.37% |
| Alphabet Inc 2.38% | Viasat, Inc. 0.35% |
| Microsoft Corp 2.33% | BrightSpring Health Services, Inc. 0.35% |
| Exxon Mobil Corp 2.29% | Cytokinetics, Inc. 0.35% |
| Alphabet Inc 1.90% | MaxLinear, Inc. 0.34% |
| Amazon.com Inc 1.86% | Argan, Inc. 0.34% |
| Micron Technology Inc 1.60% | UMB Financial Corp. 0.33% |
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 Jun 30, 2026 and May 31, 2026.
| FNDX Schwab Fundamental U.S. Large Company ETF | IWM iShares Russell 2000 ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | iShares |
| What it is | Fundamental U.S. Large Company | Russell 2000 |
| Total return, 1 year | +26.1% | +21.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +8.6 pts | +3.7 pts |
| Expense ratio | 0.25% | 0.19% |
| Already in the S&P 500 | 91.2% | 0.0% |
| Holdings | 733 | 2014 |
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%.
IWM in plain words
IWM is an index equity fund tracking the Russell 2000. Over the year to Sep 11, 2026 it returned +21.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.19% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2014 positions, with the top ten at 3.4%. It sat 5.3% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, FNDX or IWM?
- In the year to Sep 12, 2026, with distributions reinvested, FNDX returned +26.1% and IWM returned +21.2%, so FNDX returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FNDX or IWM?
- FNDX charges 0.25% a year and IWM charges 0.19%, so IWM is cheaper. Fees come from each fund's prospectus.
- How much do FNDX and IWM overlap with the S&P 500?
- By their latest filed holdings, 91% of FNDX and 0% of IWM by weight is stocks the S&P 500 already holds. Between the two funds, 2% 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, FNDX against IWM, data as of Sep 12, 2026. https://etfiq.com/compare/any/FNDX-IWM Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources