FNDB vs ITOT: Grades, Fees and Holdings Compared

Schwab Fundamental U.S. Broad Market Index ETF

FNDBCNYSE Arca

iShares Core S&P Total U.S. Stock Market ETF

ITOTANYSE Arca

Overlap

65.2%by weight

Expense ratio

ITOT −0.22pt a year

FNDB0.25%ITOT0.03%

Avg volume · 30D

ITOT 4.6×the volume

FNDB323KITOT1.5M

10Y return · a year

ITOT +0.4pt

FNDB+14.4%ITOT+14.8%

FNDB vs ITOT Performance

Oct 29, 2021 – Oct 30, 2026

+85.4%FNDB+68.2%ITOT

Expense ratio: FNDB 0.25%; ITOT 0.03%, better
Fund size: FNDB $1.51B; ITOT $95.5B
1Y total return: FNDB +24.4%, better; ITOT +11.9%
Yield (12M): FNDB 1.42%, better; ITOT 1.02%
Holdings: FNDB 1616; ITOT 2431
Avg volume (30D): FNDB 323K sh; ITOT 1.5M sh, better
NAV per share: FNDB $31.77; ITOT $164.85
52W range

ETF.net Grade

Pillar letters and Scores for FNDB, ITOT, with each pillar’s weight
Pillar	FNDB	ITOT
Cost30% weight	F11	A75Higher
Mission25% weight	A74	A100Higher
Risk15% weight	B66Higher	C50
Tradability15% weight	C42	A83Higher
Holdings10% weight	A85Higher	A74
Durability5% weight	D33	A80Higher

Rank among Total US Market funds

How we build Categories ›

Same Category. FNDB and ITOT are both graded against the same 10 Total US Market funds, so their Grades compare head to head.

Total US Market⁠

Category · 10 funds

See all 10 ›

ITOT ranks 1st and FNDB 10th of 10 funds in the Total US Market Category.

Rank 1AITOTiShares Core S&P Total U.S. Stock Market ETFScore 78
Rank 2ASCHBSchwab U.S. Broad Market ETFScore 76
Rank 9CIYYiShares Dow Jones U.S. ETFScore 53
Rank 10CFNDBSchwab Fundamental U.S. Broad Market Index ETFScore 48

Our read on each fund

ETF.net Research

FNDBCSchwab Fundamental U.S. Broad Market Index ETF

ITOTAiShares Core S&P Total U.S. Stock Market ETF

In short

FNDB Most total-market funds let share prices decide who's biggest. FNDB uses a different scoreboard: roughly 1,600 US companies weighted by fundamental measures of size, not market value.

ITOT The S&P family's answer to total-market indexing: large, mid and small U.S. stocks in one 0.03% wrapper, running since 2004. Same fee as the Vanguard and Schwab giants, a different index rulebook.

Stated mandate

FNDB The fund seeks to track, before fees and expenses, the total return of an index covering U.S. companies and weighting them according to fundamental measures of size.

ITOT The fund seeks to track the performance of the S&P Composite 1500, representing U.S. stocks across market capitalizations.

Why people hold it

FNDB Weights companies by fundamental measures of size rather than share price, so rebalances trim what the market has bid up and add to what it hasn't.
Roughly 1,600 holdings, so the fundamental tilt is applied across the breadth of the US market instead of a narrow slice.
Running since 2013 under Schwab, with a portfolio that lines up closely with its stated mandate and pays quarterly.

ITOT 0.03% a year, matching the category's biggest names (VTI, SCHB) and sitting below what the typical fund in this group charges.
One index, no tilts: U.S. stocks across market caps in cap-weight order. The mandate it prints is the mandate it runs.
Trading since 2004 and now a multi-billion-dollar fund with active daily volume, so spreads are rarely the story.
Plain 1940 Act fund structure, cash paid out quarterly.

Worth knowing

FNDB At 0.25% a year, it costs more than plain cap-weighted total-market peers such as VTI, SCHB and ITOT at 0.03%.
It is built to look different from cap-weighted indexes, so its results can lag them for long stretches as easily as lead.
Moderately traded rather than one of the category's volume giants, so bid-ask spreads can run wider than the cheapest broad-market names.

ITOT Cap weighting puts the megacaps in the driver's seat; the long tail of smaller names is a thin slice of the basket.
SPTM tracks the same declared index at the same 0.03% fee, so the pick comes down to platform, spreads and existing tax lots.
All-equity and all-U.S. by design: no bonds, no foreign stocks in the wrapper.

Full FNDB profile⁠

Full ITOT profile⁠

FNDB vs ITOT Holdings

How FNDB and ITOT differ

Overlap by weight

65.2%

Shared holdings make up 99.5% of FNDB and 96.0% of ITOT.

Level by level

Holdings1,553 in both65.2%
Sector11 Sectors83.0%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in FNDB and ITOT, widest gap first
Sector	More in FNDBMore in ITOT	FNDB	ITOT
Technology	ITOT +17.0 points	19.5%	36.5%
Energy	FNDB +5.4 points	9.3%	3.9%
Consumer Staples	FNDB +2.8 points	7.3%	4.5%
Health Care	FNDB +2.8 points	13.1%	10.3%
Financials	FNDB +2.5 points	14.7%	12.2%
Materials	FNDB +1.3 points	3.3%	2.0%
Utilities	FNDB +0.9 points	2.9%	2.0%
Industrials	FNDB +0.6 points	9.6%	9.0%
Consumer Discretionary	FNDB +0.4 points	9.3%	8.9%
Real Estate	FNDB +0.2 points	2.3%	2.1%
Communication	FNDB +0.2 points	8.8%	8.6%

Country, concentration and asset class

Country by domicile

Country weights in FNDB and ITOT, widest gap first
Country	More in FNDBMore in ITOT	FNDB	ITOT
United States	Same weight	99.4%	99.4%
Switzerland	ITOT +0.1 points	0.2%	0.3%
China	Same weight	0.1%	0.1%
United Kingdom	Same weight	0.1%	0.1%
Ireland	FNDB +0.1 points	0.1%	0.0%
Mexico	Same weight	0.1%	0.1%
India	Same weight	0.0%	0.0%
Belgium	Same weight	0.0%	0.0%
Other countries (3)	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

FNDB20.4%
ITOT33.2%

Securities held

FNDB1,616
ITOT2,427

Asset class

FNDB: Equity
ITOT: Equity

Holdings

Only in FNDB63
In both1,553
Only in ITOT874

Only in FNDB

63 securities, 0.5% of FNDB by weight

Ssc Government Mm Gvmxx0.07%
Icon PLC0.05%
Aercap Holdings0.04%
Ishares Core S&P Total Us Stock Ma0.04%
Amdocs0.03%
U Haul Non Voting Series N0.02%
Southern Copper Corp0.02%
Moog Inc Class A0.01%
Scorpio Tankers0.01%
Us Dollar0.01%
Nomad Foods0.01%
Globant<0.01%
Anglogold Ashanti PLC<0.01%
Globalfoundries<0.01%
Dht Holdings<0.01%
Global Ship Lease Class A<0.01%
Pitney Bowes<0.01%
Genesco Inc<0.01%
Ihs Holding<0.01%
Dole PLC<0.01%
Pelagos Insurance Capital Ltd<0.01%
Trueblue Inc<0.01%
Designer Brands Class A<0.01%
Smithfield Foods<0.01%
Teekay Corporation Corp Ltd<0.01%
Embecta<0.01%
Amc Global Media Class A<0.01%
W and T Offshore<0.01%
Fulgent Genetics<0.01%
Magnera<0.01%
Preferred Bank<0.01%
Ferroglobe PLC<0.01%
Graftech International Ltd<0.01%
Ardmore Shipping Corp<0.01%
Golar Lng<0.01%
Jeld Wen Holding Inc<0.01%
Gopro Inc Class A<0.01%
Ardagh Metal Packaging SA<0.01%
Civeo Corp<0.01%
Costamare<0.01%
Ew Scripps Class A<0.01%
Alto Ingredients Inc<0.01%
Brc Group Holdings Inc<0.01%
Regional Management Corp<0.01%
Village Super Market Inc Class A<0.01%
Zumiez<0.01%
Medifast Inc<0.01%
Ww International Inc<0.01%
Paysafe Ltd<0.01%
1-800 Flowers.com Class A<0.01%

Only in ITOT

874 securities, 3.8% of ITOT by weight

Space Exploration Technologies Cor0.25%
Cloudflare Class A0.12%
Robinhood Markets Class A0.09%
Nxp Semiconductors NV0.09%
Natera0.08%
Bloom Energy Class A0.08%
Strategy Inc Class A0.06%
Garmin0.06%
Astera Labs0.06%
Revolution Medicines0.05%
Sunbelt Rentals Holdings Inc0.05%
Atlassian Corp Class A0.04%
Rocket Lab Corp0.04%
Roblox Class A0.04%
Credo Technology Group Holding Ltd0.03%
Zscaler0.03%
Insmed0.03%
Guardant Health0.03%
Alnylam Pharmaceuticals0.03%
Affirm Holdings Class A0.03%
Amrize AG0.03%
Roivant Sciences Ltd0.03%
Rubrik Class A0.03%
Heico Class A0.03%
Nutanix Class A0.02%
Rb Global0.02%
Medline Class A0.02%
Samsara Class A0.02%
Circle Internet Group Inc Class A0.02%
Glaukos0.02%
Reddit Class A0.02%
Bridgebio Pharma0.02%
Ast Spacemobile Class A0.02%
Bitmine Immersion Technologies0.02%
Ionq0.02%
Fabrinet0.02%
Qxo0.02%
Lululemon Athletica0.02%
Draftkings Class A0.01%
Sitime0.01%
Twist Bioscience0.01%
Moog Inc Class A0.01%
Protagonist Therapeutics0.01%
Viper Energy Inc Class A0.01%
Kymera Therapeutics0.01%
Elastic0.01%
Krystal Biotech0.01%
Sentinelone Inc Class A0.01%
Vaxcyte0.01%
Cytokinetics0.01%

Weight gaps

The 100 widest of 1,553 Holdings in both funds.

Holding weights in FNDB and ITOT, widest gap first
Holding	More in FNDBMore in ITOT	FNDB	ITOT
NVIDIANVDA	ITOT +6.08 points	0.67%	6.75%
MicrosoftMSFT	ITOT +2.29 points	2.99%	5.28%
AppleAAPL	ITOT +2.27 points	4.58%	6.85%
Broadcom IncAVGO	ITOT +1.67 points	0.44%	2.11%
Amazon Com IncAMZN	ITOT +1.50 points	1.71%	3.21%
Exxonmobil Holdings CorpXOM	FNDB +1.27 points	2.32%	1.05%
Eli LillyLLY	ITOT +1.25 points	0.29%	1.54%
Tesla IncTSLA	ITOT +1.20 points	0.33%	1.53%
ChevronCVX	FNDB +0.93 points	1.56%	0.63%
Alphabet Class AGOOGL	ITOT +0.91 points	1.33%	2.24%
Micron TechnologyMU	ITOT +0.87 points	0.49%	1.36%
Advanced Micro DevicesAMD	ITOT +0.86 points	0.26%	1.12%
UnitedHealth GroupUNH	FNDB +0.86 points	1.36%	0.50%
Alphabet Class CGOOG	ITOT +0.73 points	1.07%	1.80%
Valero Energy CorpVLO	FNDB +0.58 points	0.74%	0.16%
Palantir Technologies Class APLTR	ITOT +0.57 points	<0.01%	0.58%
Marathon PetroleumMPC	FNDB +0.52 points	0.69%	0.17%
Visa Class AV	ITOT +0.52 points	0.44%	0.96%
Verizon Communications IncVZ	FNDB +0.52 points	0.77%	0.25%
ConocophillipsCOP	FNDB +0.51 points	0.76%	0.25%
PfizerPFE	FNDB +0.51 points	0.75%	0.24%
AT&TT	FNDB +0.46 points	0.66%	0.20%
Meta Platforms Class AMETA	ITOT +0.41 points	1.44%	1.85%
Cvs HealthCVS	FNDB +0.39 points	0.55%	0.16%
Mastercard Class AMA	ITOT +0.39 points	0.31%	0.70%
ModernaMRNA	FNDB +0.37 points	0.48%	0.11%
CitigroupC	FNDB +0.37 points	0.65%	0.28%
General MotorsGM	FNDB +0.37 points	0.47%	0.10%
Palo Alto NetworksPANW	ITOT +0.37 points	0.04%	0.41%
Wells FargoWFC	FNDB +0.36 points	0.70%	0.34%
Intel Corporation CorpINTC	FNDB +0.34 points	0.79%	0.45%
PhillipsPSX	FNDB +0.35 points	0.50%	0.15%
Comcast Class ACMCSA	FNDB +0.35 points	0.46%	0.11%
Crowdstrike Holdings Class ACRWD	ITOT +0.34 points	0.01%	0.35%
Target CorpTGT	FNDB +0.32 points	0.42%	0.10%
HumanaHUM	FNDB +0.32 points	0.39%	0.07%
Elevance Health IncELV	FNDB +0.32 points	0.44%	0.12%
Bank of AmericaBAC	FNDB +0.32 points	0.76%	0.44%
Ford MotorF	FNDB +0.31 points	0.38%	0.07%
Ge AerospaceGE	ITOT +0.29 points	0.14%	0.43%
Bristol Myers SquibbBMY	FNDB +0.29 points	0.46%	0.17%
Centene CorpCNC	FNDB +0.27 points	0.32%	0.05%
Ge VernovaGEV	ITOT +0.27 points	0.04%	0.31%
Berkshire Hathaway Inc Class BBRK.B	FNDB +0.26 points	1.64%	1.38%
Procter & GamblePG	FNDB +0.26 points	0.77%	0.51%
CignaCI	FNDB +0.26 points	0.37%	0.11%
JPMorgan ChaseJPM	FNDB +0.26 points	1.48%	1.22%
WalmartWMT	FNDB +0.25 points	1.00%	0.75%
Accenture PLC Class AACN	FNDB +0.23 points	0.45%	0.22%
Lam ResearchLRCX	ITOT +0.24 points	0.17%	0.41%
Eog ResourcesEOG	FNDB +0.23 points	0.35%	0.12%
NucorNUE	FNDB +0.23 points	0.31%	0.08%
United Parcel Service Inc Class BUPS	FNDB +0.22 points	0.33%	0.11%
DowDOW	FNDB +0.22 points	0.25%	0.03%
Lockheed MartinLMT	FNDB +0.20 points	0.38%	0.18%
SandiskSNDK	ITOT +0.20 points	0.03%	0.23%
Arista NetworksANET	ITOT +0.19 points	0.04%	0.24%
KrogerKR	FNDB +0.19 points	0.24%	0.05%
Capital One Financial CorpCOF	FNDB +0.19 points	0.36%	0.17%
Merck & Co IncMRK	FNDB +0.18 points	0.68%	0.50%
Amphenol Corp Class AAPH	ITOT +0.19 points	0.08%	0.27%
KlaKLAC	ITOT +0.17 points	0.10%	0.28%
BoeingBA	ITOT +0.17 points	0.01%	0.18%
Hp IncHPQ	FNDB +0.17 points	0.21%	0.04%
Marvell TechnologyMRVL	ITOT +0.16 points	0.07%	0.23%
Lowes Companies IncLOW	FNDB +0.17 points	0.33%	0.16%
Hewlett Packard EnterpriseHPE	FNDB +0.16 points	0.26%	0.10%
Archer Daniels MidlandADM	FNDB +0.16 points	0.21%	0.05%
Fedex CorpFDX	FNDB +0.17 points	0.26%	0.09%
Devon EnergyDVN	FNDB +0.15 points	0.23%	0.08%
Occidental Petroleum CorpOXY	FNDB +0.16 points	0.22%	0.06%
WelltowerWELL	ITOT +0.15 points	0.08%	0.23%
American International GroupAIG	FNDB +0.15 points	0.21%	0.06%
Intuitive SurgicalISRG	ITOT +0.15 points	0.06%	0.21%
Home DepotHD	FNDB +0.14 points	0.59%	0.45%
Lyondellbasell Industries Class ALYB	FNDB +0.15 points	0.17%	0.02%
Synchrony FinancialSYF	FNDB +0.15 points	0.18%	0.03%
Applied Material IncAMAT	ITOT +0.14 points	0.28%	0.42%
Best BuyBBY	FNDB +0.13 points	0.16%	0.03%
PayPal HoldingsPYPL	FNDB +0.13 points	0.20%	0.07%
SnowflakeSNOW	ITOT +0.13 points	<0.01%	0.14%
Uber TechnologiesUBER	ITOT +0.13 points	0.05%	0.18%
QualcommQCOM	FNDB +0.13 points	0.37%	0.24%
Walt DisneyDIS	FNDB +0.13 points	0.39%	0.26%
Charter Communications Class ACHTR	FNDB +0.13 points	0.15%	0.02%
Altria Group IncMO	FNDB +0.13 points	0.31%	0.18%
D R HortonDHI	FNDB +0.13 points	0.18%	0.05%
NetflixNFLX	ITOT +0.12 points	0.23%	0.35%
Duke Energy CorpDUK	FNDB +0.13 points	0.26%	0.13%
Hf SinclairDINO	FNDB +0.13 points	0.15%	0.02%
Western Digital CorpWDC	ITOT +0.12 points	0.06%	0.18%
PepsicoPEP	FNDB +0.13 points	0.38%	0.25%
Seagate Technology Holdings PLCSTX	ITOT +0.12 points	0.08%	0.20%
ServicenowNOW	ITOT +0.12 points	0.03%	0.15%
Union PacificUNP	FNDB +0.11 points	0.36%	0.25%
MetlifeMET	FNDB +0.12 points	0.19%	0.07%
Cognizant Technology Solutions ClaCTSH	FNDB +0.11 points	0.15%	0.04%
Coca-ColaKO	ITOT +0.12 points	0.38%	0.50%
Pbf Energy Class APBF	FNDB +0.11 points	0.12%	0.01%
Mondelez International Class AMDLZ	FNDB +0.11 points	0.22%	0.11%

All 1,619 FNDB holdings⁠All 2,442 ITOT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FNDB vs ITOT Cost

Overpaying FNDB vs ITOT

$4,521

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FNDB 0.25%
$5,159
ITOT 0.03%
$638

Amount$10,000

Years30 years

Cost over time

FNDB 0.25%
ITOT 0.03%
Overpaying

Year by year

Year	FNDB	ITOT	Overpaying
10	$455	$55	$400
20	$1,769	$216	$1,553
30	$5,159	$638	$4,521

Expense ratio

0.25%FNDB
0.03%ITOT, cheaper

ITOT0.03%FNDB0.25%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

ITOT 2nd cheapest of 10 funds

FNDB 10th cheapest of 10 funds

FNDB vs ITOT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FNDB 1.42%, better; ITOT 1.02%
Payout (12M): FNDB $0.45; ITOT $1.69
Last payment: FNDB $0.12; ITOT $0.45
Ex-dividend: FNDB Sep 23, 2026; ITOT Sep 15, 2026
Paid on: FNDB Sep 28, 2026; ITOT Sep 18, 2026
Frequency: FNDB Quarterly; ITOT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FNDBQuarterly · 40 paymentsAll FNDB payments⁠

ITOTQuarterly · 40 paymentsAll ITOT payments⁠

FNDB vs ITOT Risk

Fall from peak · 5 years

FNDB
ITOT

Risk facts

VolatilityStd dev, 3 years: FNDB 11.7%, betterITOT 12.7%
Return per unit of riskSharpe ratio, 3 years: FNDB 1.48, betterITOT 1.36
Worst fallMax drawdown, 5 years: FNDB −19.3%, betterITOT −25.4%
Market sensitivityBeta, 5 years: FNDB 0.89ITOT 1.02; Market = 1

FNDB and ITOT in the news

All news⁠

Best ETFs
The best S&P 500 ETF costs 0.02%. Equal weight is a different bet
Updated Nov 2, 2026ITOT
Head-to-Head
ITOT is the better U.S. stock fund than DFAC
Oct 26, 2026ITOT
Best ETFs
The cheap S&P 500 funds tied this year. Equal weight did not.
Updated Oct 2, 2026ITOT

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FNDB vs ITOT

In short

Stated mandate

Why people hold it