Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FNDX vs XLK: how they differ
FNDX and XLK hold 21% of their weight in the same names, and XLK returned more over the year.
Schwab Fundamental U.S. Large Company ETF and State Street(R) Technology Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, FNDX and XLK hold 21% of their money in the same securities at the same weight.
| Holding | FNDX | XLK |
|---|---|---|
| Apple Inc | 4.64% | 12.86% |
| Intel Corp | 2.57% | 3.68% |
| Microsoft Corp | 2.33% | 8.38% |
| Micron Technology Inc | 1.60% | 5.42% |
| Cisco Systems Inc | 0.90% | 2.59% |
| Broadcom Inc | 0.65% | 5.41% |
| NVIDIA Corp | 0.55% | 14.66% |
| QUALCOMM Inc | 0.53% | 1.09% |
| Applied Materials Inc | 0.47% | 3.20% |
| Texas Instruments Inc | 0.43% | 1.51% |
| Lam Research Corp | 0.41% | 3.02% |
| Advanced Micro Devices Inc | 0.39% | 5.28% |
| Only in FNDX | Only in XLK |
|---|---|
| Alphabet Inc 2.38% | Palantir Technologies Inc 1.49% |
| Exxon Mobil Corp 2.29% | Crowdstrike Holdings Inc 1.08% |
| Alphabet Inc 1.90% | AppLovin Corp 0.77% |
| Amazon.com Inc 1.86% | Datadog Inc 0.48% |
| Chevron Corp 1.49% | Coherent Corp 0.43% |
| Berkshire Hathaway Inc 1.41% | NXP Semiconductors NV 0.40% |
| JPMorgan Chase & Co 1.38% | Lumentum Holdings Inc 0.37% |
| UnitedHealth Group Inc 1.37% | Fair Isaac Corp 0.15% |
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 | XLK State Street(R) Technology 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 | Technology |
| Total return, 1 year | +26.1% | +39.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +8.6 pts | +21.7 pts |
| Expense ratio | 0.25% | 0.08% |
| Already in the S&P 500 | 91.2% | 100.0% |
| Holdings | 733 | 74 |
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%.
XLK in plain words
XLK is an index equity fund tracking the Technology. Over the year to Sep 11, 2026 it returned +39.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% 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 74 positions, with the top ten at 64.5%. It sat 5.2% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, FNDX or XLK?
- In the year to Sep 12, 2026, with distributions reinvested, FNDX returned +26.1% and XLK returned +39.2%, so XLK returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FNDX or XLK?
- FNDX charges 0.25% a year and XLK charges 0.08%, so XLK is cheaper. Fees come from each fund's prospectus.
- How much do FNDX and XLK overlap with the S&P 500?
- By their latest filed holdings, 91% of FNDX and 100% of XLK by weight is stocks the S&P 500 already holds. Between the two funds, 21% of their books are the same securities at the same weight.
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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 XLK, data as of Sep 12, 2026. https://etfiq.com/compare/any/FNDX-XLK Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources