Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
FNDX vs XLB: how they differ
FNDX and XLB hold 0% 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) Materials Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, FNDX and XLB hold 0% of their money in the same securities at the same weight.
| Only in FNDX | Only in XLB |
|---|---|
| Apple Inc 4.64% | LINDE PLC 12.91% |
| Intel Corp 2.57% | NEWMONT CORP 8.14% |
| Alphabet Inc 2.38% | FREEPORT MCMORAN INC 6.19% |
| Microsoft Corp 2.33% | CORTEVA INC 5.11% |
| Exxon Mobil Corp 2.29% | AIR PRODUCTS + CHEMICALS INC 4.78% |
| Alphabet Inc 1.90% | ECOLAB INC 4.75% |
| Amazon.com Inc 1.86% | SHERWIN WILLIAMS CO/THE 4.70% |
| Micron Technology Inc 1.60% | NUCOR CORP 4.59% |
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 May 31, 2026 and Sep 10, 2026.
| FNDX Schwab Fundamental U.S. Large Company ETF | XLB State Street(R) Materials 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 | Materials |
| Total return, 1 year | +26.1% | +12.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +8.6 pts | −5.5 pts |
| Expense ratio | 0.25% | 0.08% |
| Already in the S&P 500 | 91.2% | 100.0% |
| Holdings | 733 | 27 |
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%.
XLB in plain words
XLB is an index equity fund tracking the Materials. Over the year to Sep 11, 2026 it returned +12.0% 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 Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 27 positions, with the top ten at 59.4%. It sat 5.1% below its high of Aug 26, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, FNDX or XLB?
- In the year to Sep 13, 2026, with distributions reinvested, FNDX returned +26.1% and XLB returned +12.0%, so FNDX returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FNDX or XLB?
- FNDX charges 0.25% a year and XLB charges 0.08%, so XLB is cheaper. Fees come from each fund's prospectus.
- How much do FNDX and XLB overlap with the S&P 500?
- By their latest filed holdings, 91% of FNDX and 100% of XLB by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
Other comparisons
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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 XLB, data as of Sep 13, 2026. https://etfiq.com/compare/any/fndx-vs-xlb Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources