Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FNDX vs IYR: how they differ
FNDX and IYR 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 U.S. Real Estate ETF.
What they hold in common
By the books each fund has filed, FNDX and IYR hold 2% of their money in the same securities at the same weight.
| Holding | FNDX | IYR |
|---|---|---|
| Prologis Inc | 0.12% | 8.77% |
| American Tower Corp | 0.10% | 3.88% |
| Weyerhaeuser Co | 0.08% | 1.28% |
| CBRE Group Inc | 0.08% | 2.93% |
| Crown Castle Inc | 0.08% | 2.46% |
| Equinix Inc | 0.08% | 4.58% |
| Welltower Inc | 0.08% | 10.88% |
| Digital Realty Trust Inc | 0.08% | 4.41% |
| Simon Property Group Inc | 0.08% | 4.79% |
| Ventas Inc | 0.05% | 3.21% |
| Jones Lang LaSalle Inc | 0.05% | 1.07% |
| Public Storage | 0.05% | 3.74% |
| Only in FNDX | Only in IYR |
|---|---|
| Apple Inc 4.64% | OMEGA HEALTHCARE INVESTORS, INC. 1.05% |
| Intel Corp 2.57% | EQUITY LIFESTYLE PROPERTIES, INC. 0.93% |
| Alphabet Inc 2.38% | COSTAR GROUP, INC. 0.86% |
| Microsoft Corp 2.33% | EASTGROUP PROPERTIES, INC. 0.81% |
| Exxon Mobil Corp 2.29% | AMERICAN HOMES 4 RENT 0.79% |
| Alphabet Inc 1.90% | FEDERAL REALTY INVESTMENT TRUST 0.72% |
| Amazon.com Inc 1.86% | BRIXMOR PROPERTY GROUP INC. 0.72% |
| Micron Technology Inc 1.60% | AGREE REALTY CORPORATION 0.68% |
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 | IYR iShares U.S. Real Estate ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | iShares |
| What it is | Fundamental U.S. Large Company | U.S. Real Estate |
| Total return, 1 year | +26.1% | +4.7% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +8.6 pts | −12.8 pts |
| Expense ratio | 0.25% | 0.37% |
| Already in the S&P 500 | 91.2% | 80.4% |
| Holdings | 733 | 61 |
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%.
IYR in plain words
IYR is an index equity fund tracking the U.S. Real Estate. Over the year to Sep 11, 2026 it returned +4.7% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.37% a year. By its holdings filed for Jun 30, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 61 positions, with the top ten at 51.5%. It sat 6.1% below its high of Jul 28, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, FNDX or IYR?
- In the year to Sep 12, 2026, with distributions reinvested, FNDX returned +26.1% and IYR returned +4.7%, so FNDX returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FNDX or IYR?
- FNDX charges 0.25% a year and IYR charges 0.37%, so FNDX is cheaper. Fees come from each fund's prospectus.
- How much do FNDX and IYR overlap with the S&P 500?
- By their latest filed holdings, 91% of FNDX and 80% of IYR 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
Where to next
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 IYR, data as of Sep 12, 2026. https://etfiq.com/compare/any/FNDX-IYR Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources