FNDF vs PIEQ: Differences, Returns & Fees
FNDF and PIEQ hold 11% of their weight in the same names, and FNDF returned +28.5% over the year. Net assets: $24.6bn on May 31, 2026 for Schwab Fundamental International Equity ETF, and $1.3bn on Oct 8, 2026 for Principal International Equity ETF.
FNDF costs 0.23 points a year less; their one-year returns differ by 15.5 points.
| FNDF | PIEQ | |
|---|---|---|
| Expense ratio | 0.25% | 0.48% |
| Net assets, FNDF as of May 31, 2026 and PIEQ as of Oct 8, 2026 | $24.6bn | $1.3bn |
| Total return, 1 year | +28.5% | +13.0% |
| What it tracks | not read by ETFIQ | No index, actively managed |
| Holdings in common | 11% | |
| Top ten holdings, share of the fund | 17.0% | 47.1% |
| Below its high | 4.8%, high on Sep 4, 2026 | 5.2%, high on Aug 25, 2026 |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.
What they hold in common
By the books each fund has filed, FNDF and PIEQ hold 11% 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 Jun 30, 2026.
half
11% in common
On the same fields
FNDF and PIEQ on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
FNDF in plain words
FNDF tracks an index. Over the year to Oct 9, 2026 it returned +28.5% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.25% a year. By its holdings filed for May 31, 2026, 1% of the fund by weight is stocks the S&P 500 also holds, across 889 positions, with the top ten at 17.0%. It sat 4.8% below its high of Sep 4, 2026 on Oct 9, 2026.
PIEQ in plain words
PIEQ is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +13.0% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.48% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 35 positions, with the top ten at 47.1%. It sat 5.2% below its high of Aug 25, 2026 on Oct 9, 2026.
Questions people ask
- Which returned more over the last year, FNDF or PIEQ?
- In the year to Oct 9, 2026, with distributions reinvested, FNDF returned +28.5% and PIEQ +13.0%.
- Which is cheaper, FNDF or PIEQ?
- FNDF is cheaper, by 0.23 percentage points a year. That is about $23 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, FNDF against PIEQ, data as of Oct 9, 2026. https://etfiq.com/compare/any/fndf-vs-pieq
ETFIQ. (Oct 9, 2026). FNDF against PIEQ. Retrieved from https://etfiq.com/compare/any/fndf-vs-pieq
[FNDF against PIEQ (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/fndf-vs-pieq)
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