Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FNDX vs XLU: how they differ
FNDX and XLU hold 3% 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) Utilities Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, FNDX and XLU hold 3% of their money in the same securities at the same weight.
| Holding | FNDX | XLU |
|---|---|---|
| Duke Energy Corp | 0.25% | 6.97% |
| NextEra Energy Inc | 0.24% | 12.93% |
| Southern Co/The | 0.21% | 7.62% |
| Dominion Energy Inc | 0.17% | 4.24% |
| American Electric Power Co Inc | 0.15% | 5.26% |
| Exelon Corp | 0.14% | 3.37% |
| Edison International | 0.12% | 2.02% |
| Sempra | 0.12% | 4.28% |
| Consolidated Edison Inc | 0.10% | 2.88% |
| Xcel Energy Inc | 0.10% | 3.54% |
| Entergy Corp | 0.10% | 3.71% |
| PG&E Corp | 0.10% | 2.62% |
| Only in FNDX | Only in XLU |
|---|---|
| Apple Inc 4.64% | |
| Intel Corp 2.57% | |
| Alphabet Inc 2.38% | |
| Microsoft Corp 2.33% | |
| Exxon Mobil Corp 2.29% | |
| Alphabet Inc 1.90% | |
| Amazon.com Inc 1.86% | |
| 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 Jun 30, 2026 and May 31, 2026.
| FNDX Schwab Fundamental U.S. Large Company ETF | XLU State Street(R) Utilities 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 | Utilities |
| Total return, 1 year | +26.1% | +2.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +8.6 pts | −15.1 pts |
| Expense ratio | 0.25% | 0.08% |
| Already in the S&P 500 | 91.2% | 100.0% |
| Holdings | 733 | 31 |
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%.
XLU in plain words
XLU is an index equity fund tracking the Utilities. Over the year to Sep 11, 2026 it returned +2.4% 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 31 positions, with the top ten at 57.7%. It sat 10.0% below its high of Feb 27, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, FNDX or XLU?
- In the year to Sep 12, 2026, with distributions reinvested, FNDX returned +26.1% and XLU returned +2.4%, so FNDX returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FNDX or XLU?
- FNDX charges 0.25% a year and XLU charges 0.08%, so XLU is cheaper. Fees come from each fund's prospectus.
- How much do FNDX and XLU overlap with the S&P 500?
- By their latest filed holdings, 91% of FNDX and 100% of XLU by weight is stocks the S&P 500 already holds. Between the two funds, 3% 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 XLU, data as of Sep 12, 2026. https://etfiq.com/compare/any/FNDX-XLU Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources