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FNDX vs SPLV: Differences, Returns & Fees

FNDX and SPLV hold 16% of their weight in the same names, and FNDX returned +24.4% over the year. Net assets: $25.5bn on May 31, 2026 for Schwab Fundamental U.S. Large Company ETF, and $7.0bn on Oct 9, 2026 for Invesco S&P 500 Low Volatility ETF.

Both cost 0.25% a year; their one-year returns differ by 22.4 points; FNDX is 3.7 times larger.

FNDX vs SPLV: Differences, Returns & Fees
FNDXSPLV
Expense ratio0.25%0.25%
Net assets, as of May 31, 2026$25.5bn$6.9bn
Total return, 1 year+24.4%+2.0%
What it tracksFundamental U.S. Large CompanyS&P 500 Low Volatility Index
Holdings in common16%
Holdings datedMay 31, 2026Oct 10, 2026
Top ten holdings, share of the fund22.4%12.7%
Below its high7.1%, high on Jul 28, 2026

Holdings in common uses holdings dated May 31, 2026 and Oct 9, 2026.

+24.4%
FNDX total return, 1 year
+2.0%
SPLV total return, 1 year
0.25%
FNDX expense ratio
0.25%
SPLV expense ratio

What they hold in common

By the books each fund has filed, FNDX and SPLV hold 16% 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 9, 2026.

half

16% in common

Positions both hold, largest shared weight first
Holding FNDX SPLV
Berkshire Hathaway Inc 1.41% 1.44%
Chevron Corp 1.48% 0.99%
Johnson & Johnson 0.96% 1.14%
JPMorgan Chase & Co 1.38% 0.86%
Bank of America Corp 0.87% 0.81%
Procter & Gamble Co/The 0.66% 1.14%
Costco Wholesale Corp 0.53% 1.05%
PepsiCo Inc 0.41% 0.89%
Union Pacific Corp 0.34% 0.90%
Coca-Cola Co/The 0.34% 1.14%
Visa Inc 0.33% 1.03%
Linde PLC 0.29% 1.13%
Only in FNDX
Apple Inc 4.63%
Intel Corp 2.57%
Alphabet Inc 2.38%
Microsoft Corp 2.32%
Exxon Mobil Corp 2.29%
Alphabet Inc 1.89%
Amazon.com Inc 1.85%
Micron Technology Inc 1.59%
Only in SPLV
Federal Realty Investment Trust 1.11%
Invesco Government & Agency Portfolio 0.10%
CME E-Mini Standard & Poor's 500 Index Future 0.10%
CME E Mini Utilities Select Sector Futures 0.08%
Dow Jones US Real Estate Index Futures 0.06%
SECURITIES LENDING - BNYM 0.00%
CONTRA FUTURE FUTURE DEC 18 26 -0.06%
CONTRA FUTURE FUTURE DEC 18 26 -0.08%

Check overlap with more funds →

On the same fields

FNDX
Schwab Fundamental U.S. Large Company ETF
SPLV
Invesco S&P 500 Low Volatility ETF
Where it sits Stock ETF Stock ETF
Issuer Schwab Invesco
What it is Tracks an index of Fundamental U.S. Large Company Tracks an index
Total return, 1 year +24.4% +2.0%
Expense ratio 0.25% 0.25%
Already in the S&P 500 90.6% 98.7%
Holdings 733 108
Net assets, FNDX as of May 31, 2026 and SPLV as of Oct 9, 2026 $25.5bn $7.0bn

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

About FNDX

FNDX tracks an index of Fundamental U.S. Large Company. Over the year to Oct 9, 2026 it returned +24.4% with distributions reinvested. 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 22.4%.

About SPLV

SPLV tracks an index. Over the year to Oct 9, 2026 it returned +2.0% with distributions reinvested. By its holdings published by its issuer for Oct 10, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 108 positions, with the top ten at 12.7%. It sat 7.1% below its high of Jul 28, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FNDX or SPLV?
In the year to Oct 9, 2026, with distributions reinvested, FNDX returned +24.4% and SPLV +2.0%.
Which is cheaper, FNDX or SPLV?
Neither: FNDX and SPLV both charge 0.25% a year. Fees come from each fund's prospectus.
How much do FNDX and SPLV overlap with the S&P 500?
By their latest filed holdings, 91% of FNDX and 99% of SPLV by weight is stocks the S&P 500 already holds.
Other comparisons
FNDX vs SPYDFNDX vs JAVADFLV vs FNDXFNDX vs VOOVIUSV vs SPLVSPLV vs VONVSPLV vs SPYVSCHV vs SPLV
FNDX on its own →SPLV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FNDX filings on SEC EDGAR ↗FNDX prospectus with the expense ratio (SEC) ↗Schwab website ↗SPLV filings on SEC EDGAR ↗SPLV prospectus with the expense ratio (SEC) ↗Invesco page for SPLV ↗

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, FNDX against SPLV, data as of Oct 9, 2026. https://etfiq.com/compare/any/fndx-vs-splv

Open data

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