Which returned more over the last year, FNDE or IEMG?

In the year to Oct 9, 2026, with distributions reinvested, FNDE returned +23.8% and IEMG +25.3%.

Which is cheaper, FNDE or IEMG?

IEMG is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do FNDE and IEMG overlap with the S&P 500?

By their latest filed holdings, 0% of FNDE and 0% of IEMG by weight is stocks the S&P 500 already holds.

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FNDE vs IEMG: Differences, Returns & Fees

FNDE and IEMG hold 29% of their weight in the same names, and IEMG returned +25.3% over the year. Net assets: $9.6bn on May 31, 2026 for Schwab Fundamental Emerging Markets Equity ETF, and $160.2bn on Oct 9, 2026 for iShares Core MSCI Emerging Markets ETF.

IEMG costs 0.30 points a year less; their one-year returns differ by 1.5 points; IEMG is 12.6 times larger.

	FNDE	IEMG
Expense ratio	0.39%	0.09%
Net assets, as of Feb 28, 2025	$6.4bn	$81.2bn
Total return, 1 year	+23.8%	+25.3%
What it tracks	not read by ETFIQ	MSCI Emerging Markets Investable Market Index (IMI)
Holdings in common	29%
Top ten holdings, share of the fund	27.4%	34.2%
Below its high		5.3%, high on Jun 22, 2026

Holdings in common uses holdings dated May 31, 2026 and Oct 8, 2026.

+23.8%

FNDE total return, 1 year

+25.3%

IEMG total return, 1 year

0.39%

FNDE expense ratio

0.09%

IEMG expense ratio

What they hold in common

By the books each fund has filed, FNDE and IEMG hold 29% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Oct 8, 2026.

50%

half

29% in common

Positions both hold, largest shared weight first

Holding FNDE IEMG

Taiwan Semiconductor Manufacturing Co Ltd 6.48% 14.10%

Alibaba Group Holding Ltd 2.71% 1.59%

MediaTek Inc 1.79% 1.52%

Tencent Holdings Ltd 1.51% 2.31%

Delta Electronics Inc 0.77% 0.86%

Hon Hai Precision Industry Co Ltd 3.31% 0.68%

ASE Technology Holding Co Ltd 1.20% 0.56%

Reliance Industries Ltd 0.80% 0.50%

HDFC Bank Ltd 0.44% 0.59%

ICICI Bank Ltd 0.42% 0.52%

Unimicron Technology Corp 0.59% 0.38%

Nan Ya Plastics Corp 0.49% 0.33%

Only in FNDE

Vale SA 3.03%

Petroleo Brasileiro SA - Petrobras 2.34%

Industrial & Commercial Bank of China Ltd 1.28%

United Microelectronics Corp 1.15%

PTT PCL 0.82%

America Movil SAB de CV 0.68%

Grupo Mexico SAB de CV 0.66%

Fomento Economico Mexicano SAB de CV 0.54%

Only in IEMG

SAMSUNG ELECTRONICS LTD 6.56%

SK HYNIX 4.97%

SAMSUNG ELECTRONICS NON VOTING PRE 0.83%

CHINA CONSTRUCTION BANK CORP H 0.74%

SK SQUARE 0.52%

SAMSUNG ELECTRO MECHANICS LTD 0.46%

INDUSTRIAL AND COMMERCIAL BANK OF 0.45%

NU HOLDINGS CLASS A 0.40%

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On the same fields

FNDE

Schwab Fundamental Emerging Markets Equity ETF

IEMG

iShares Core MSCI Emerging Markets ETF

Where it sits Stock ETF Stock ETF

Issuer Schwab iShares

What it is Tracks an index Tracks the MSCI Emerging Markets

Total return, 1 year +23.8% +25.3%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 +6.5 pts +8.1 pts

Expense ratio 0.39% 0.09%

Already in the S&P 500 0.0% 0.0%

Holdings 354 2871

Net assets, FNDE as of May 31, 2026 and IEMG as of Oct 9, 2026 $9.6bn $160.2bn

FNDE and IEMG on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

FNDE in plain words

FNDE tracks an index. Over the year to Oct 9, 2026 it returned +23.8% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.39% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 354 positions, with the top ten at 27.4%.

IEMG in plain words

IEMG tracks the MSCI Emerging Markets. Over the year to Oct 9, 2026 it returned +25.3% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 8, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,871 positions, with the top ten at 34.2%. It sat 5.3% below its high of Jun 22, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FNDE or IEMG?: In the year to Oct 9, 2026, with distributions reinvested, FNDE returned +23.8% and IEMG +25.3%.
Which is cheaper, FNDE or IEMG?: IEMG is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FNDE and IEMG overlap with the S&P 500?: By their latest filed holdings, 0% of FNDE and 0% of IEMG by weight is stocks the S&P 500 already holds.

Other comparisons

FNDE vs VWO AVEM vs FNDE DEM vs FNDE CGNG vs FNDE DFAE vs IEMG DFEM vs IEMG IEMG vs SCHE IEMG vs SPEM

FNDE on its own →IEMG on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

FNDE filings on SEC EDGAR ↗FNDE prospectus with the expense ratio (SEC) ↗Schwab website ↗IEMG filings on SEC EDGAR ↗IEMG prospectus with the expense ratio (SEC) ↗iShares page for IEMG ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.

Cite this pageCitation, APA and Markdown

ETFIQ, FNDE against IEMG, data as of Oct 9, 2026. https://etfiq.com/compare/any/fnde-vs-iemg

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.