Data as of Oct 28, 2026.
FNDA vs SMLF: Differences, Returns & Fees
Over the year to Oct 28, 2026, FNDA returned +16.4% to SMLF's +14.8%; 26% of their weight is in the same names.
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Net assets: $9.1bn on Aug 31, 2026 for Schwab Fundamental U.S. Small Company ETF, and $4.2bn on Oct 27, 2026 for iShares U.S. Small-Cap Equity Factor ETF.
Pair scorecard
SMLF costs 0.10 points a year less; their one-year returns differ by 1.6 points.
| Measure | FNDA | SMLF |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.4% | +14.8% |
| Drawdown | ||
| Below its high | 6.3%, high on Aug 14, 2026 | 5.2%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | not read by ETFIQ | STOXX U.S. Small-Cap Equity Factor Index |
| Cost and size | ||
| Expense ratio | 0.25% | 0.15% |
| Net assets, FNDA as of Aug 31, 2026 and SMLF as of Oct 27, 2026 | $9.1bn | $4.2bn |
| Holdings | ||
| Holdings in common | 26% | |
| Top ten holdings, share of the fund | 3.8% | 6.4% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, FNDA and SMLF hold 26% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
26% in common
Only in one fund ↓
Side by side
FNDA and SMLF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FNDA and SMLF are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 26% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
- Cost. FNDA charges 0.25% of assets a year and SMLF 0.15%, a gap of 0.10 points.
- One-year total return (similar). Over 1 year to Oct 28, 2026 FNDA returned +16.4% and SMLF +14.8% with distributions reinvested, a gap of 1.6 points.
Data as of Oct 28, 2026.
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FNDA
FNDA tracks an index. Over the year to Oct 28, 2026 it returned +16.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.25% a year. By its holdings filed for Aug 31, 2026, 7% of the fund by weight is stocks the S&P 500 also holds, across 913 positions, with the top ten at 3.8%. It sat 6.3% below its high of Aug 14, 2026 on Oct 28, 2026.
SMLF
SMLF tracks an index. Over the year to Oct 28, 2026 it returned +14.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 11% of the fund by weight is stocks the S&P 500 also holds, across 962 positions, with the top ten at 6.4%. It sat 5.2% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FNDA or SMLF?
- In the year to Oct 28, 2026, with distributions reinvested, FNDA returned +16.4% and SMLF +14.8%.
- Which is cheaper, FNDA or SMLF?
- SMLF is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FNDA against SMLF, data as of Oct 28, 2026. https://etfiq.com/compare/any/fnda-vs-smlf
ETFIQ. (Oct 28, 2026). FNDA against SMLF. Retrieved from https://etfiq.com/compare/any/fnda-vs-smlf
[FNDA against SMLF (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fnda-vs-smlf)
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