Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FNDX vs XLI: how they differ
FNDX and XLI hold 7% of their weight in the same names, and FNDX returned more over the year.
Schwab Fundamental U.S. Large Company ETF and State Street(R) Industrial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, FNDX and XLI hold 7% of their money in the same securities at the same weight.
| Holding | FNDX | XLI |
|---|---|---|
| Caterpillar Inc | 0.60% | 8.52% |
| FedEx Corp | 0.43% | 1.19% |
| RTX Corp | 0.37% | 4.44% |
| United Parcel Service Inc | 0.36% | 1.39% |
| Lockheed Martin Corp | 0.35% | 1.79% |
| Union Pacific Corp | 0.34% | 2.81% |
| Deere & Co | 0.28% | 2.77% |
| CSX Corp | 0.24% | 1.53% |
| General Dynamics Corp | 0.18% | 1.56% |
| 3M Co | 0.18% | 1.47% |
| Northrop Grumman Corp | 0.18% | 1.18% |
| Cummins Inc | 0.17% | 1.71% |
| Only in FNDX | Only in XLI |
|---|---|
| Apple Inc 4.64% | Honeywell International Inc 1.23% |
| Intel Corp 2.57% | Honeywell Aerospace Inc 1.22% |
| Alphabet Inc 2.38% | Comfort Systems USA Inc 1.21% |
| Microsoft Corp 2.33% | Axon Enterprise Inc 0.79% |
| Exxon Mobil Corp 2.29% | United Airlines Holdings Inc 0.77% |
| Alphabet Inc 1.90% | Southwest Airlines Co 0.44% |
| Amazon.com Inc 1.86% | Fedex Freight Holding Co Inc 0.28% |
| Micron Technology Inc 1.60% | Rollins Inc 0.21% |
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 | XLI State Street(R) Industrial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | State Street |
| What it is | Fundamental U.S. Large Company | Industrials |
| Total return, 1 year | +26.1% | +14.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +8.6 pts | −3.3 pts |
| Expense ratio | 0.25% | 0.08% |
| Already in the S&P 500 | 91.2% | 100.0% |
| Holdings | 733 | 81 |
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%.
XLI in plain words
XLI is an index equity fund tracking the Industrials. Over the year to Sep 11, 2026 it returned +14.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 81 positions, with the top ten at 41.4%. It sat 7.6% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, FNDX or XLI?
- In the year to Sep 12, 2026, with distributions reinvested, FNDX returned +26.1% and XLI returned +14.3%, so FNDX returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FNDX or XLI?
- FNDX charges 0.25% a year and XLI charges 0.08%, so XLI is cheaper. Fees come from each fund's prospectus.
- How much do FNDX and XLI overlap with the S&P 500?
- By their latest filed holdings, 91% of FNDX and 100% of XLI by weight is stocks the S&P 500 already holds. Between the two funds, 7% 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 XLI, data as of Sep 12, 2026. https://etfiq.com/compare/any/FNDX-XLI Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources