FNDB vs SCHB: Grades, Fees and Holdings Compared

Schwab Fundamental U.S. Broad Market Index ETF

FNDBCNYSE Arca

Schwab U.S. Broad Market ETF

SCHBANYSE Arca

Overlap

64.9%by weight

Expense ratio

SCHB −0.22pt a year

FNDB0.25%SCHB0.03%

Avg volume · 30D

SCHB 27.9×the volume

FNDB323KSCHB9.03M

10Y return · a year

FNDB +0.5pt

FNDB+14.4%SCHB+13.9%

FNDB vs SCHB Performance

Oct 29, 2021 – Oct 30, 2026

+85.4%FNDB+68.3%SCHB

Expense ratio: FNDB 0.25%; SCHB 0.03%, better
Fund size: FNDB $1.51B; SCHB $44.2B
1Y total return: FNDB +24.4%, better; SCHB +11.9%
Yield (12M): FNDB 1.42%, better; SCHB 1.06%
Holdings: FNDB 1616; SCHB 2382
Avg volume (30D): FNDB 323K sh; SCHB 9.03M sh, better
NAV per share: FNDB $31.77; SCHB $29.06
52W range

ETF.net Grade

Pillar letters and Scores for FNDB, SCHB, with each pillar’s weight
Pillar	FNDB	SCHB
Cost30% weight	F11	A75Higher
Mission25% weight	A74	A100Higher
Risk15% weight	B66Higher	C50
Tradability15% weight	C42	A70Higher
Holdings10% weight	A85Higher	A76
Durability5% weight	D33	B69Higher

Rank among Total US Market funds

How we build Categories ›

Same Category. FNDB and SCHB 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 ›

SCHB ranks 2nd 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 3ASPTMState Street SPDR Portfolio S&P 1500 Composite Stock Market ETFScore 74
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

SCHBASchwab U.S. Broad 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.

SCHB Schwab's one-ticket slice of nearly the whole US market: roughly 2,400 stocks for 0.03% a year, half the typical fee among total-market rivals. Running since 2009, with one of the tightest index-tracking records in its peer group.

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.

SCHB The fund seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Broad Stock Market Index.

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.

SCHB 0.03% a year, half the 0.06% median for its total-market cohort. Three dollars a year per $10,000 invested.
Tracks the Dow Jones U.S. Broad Stock Market Index tightly, among the closest index replication in its peer group.schwabassetmanagement.com
A multi-billion-dollar fund and one of the most actively traded in its category, which usually means narrow bid-ask spreads for buyers and sellers.
Live since 2009, with a quarterly dividend cadence and roughly 2,400 holdings behind it.

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.

SCHB Not the cheapest ticket in the cohort: BBUS charges 0.02%. At these levels the gap is pennies, but it exists.
Broad, not exhaustive. Roughly 2,400 stocks covers the bulk of the US market rather than every listed company.
Pure equity exposure with no hedge or buffer, so it moves with the full US market in both directions.

Full FNDB profile⁠

Full SCHB profile⁠

FNDB vs SCHB Holdings

How FNDB and SCHB differ

Overlap by weight

64.9%

Shared holdings make up 99.4% of FNDB and 96.3% of SCHB.

Level by level

Holdings1,527 in both64.9%
Sector11 Sectors81.0%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in FNDB and SCHB, widest gap first
Sector	More in FNDBMore in SCHB	FNDB	SCHB
Technology	SCHB +18.6 points	19.5%	38.1%
Energy	FNDB +5.8 points	9.3%	3.5%
Health Care	FNDB +3.1 points	13.1%	10.0%
Financials	FNDB +3.1 points	14.7%	11.6%
Consumer Staples	FNDB +3.1 points	7.3%	4.2%
Materials	FNDB +1.5 points	3.3%	1.8%
Utilities	FNDB +1.0 points	2.9%	1.9%
Industrials	FNDB +0.7 points	9.6%	8.9%
Consumer Discretionary	FNDB +0.6 points	9.3%	8.7%
Communication	SCHB +0.4 points	8.8%	9.2%
Real Estate	FNDB +0.2 points	2.3%	2.1%

Country, concentration and asset class

Country by domicile

Country weights in FNDB and SCHB, widest gap first
Country	More in FNDBMore in SCHB	FNDB	SCHB
United States	Same weight	99.4%	99.4%
Switzerland	SCHB +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%
SCHB33.3%

Securities held

FNDB1,616
SCHB2,382

Asset class

FNDB: Equity
SCHB: Equity

Holdings

Only in FNDB89
In both1,527
Only in SCHB855

Only in FNDB

89 securities, 0.6% of FNDB by weight

Icon PLC0.05%
Aercap Holdings0.04%
Ishares Core S&P Total Us Stock Ma0.04%
Amdocs0.03%
Bath and Body Works0.03%
Huntsman Corp0.02%
Capri Holdings Ltd0.02%
Americold Realty Inc Trust0.02%
Southern Copper Corp0.02%
Kilroy Realty Reit0.02%
Scorpio Tankers0.01%
Flagstar Bank National Association0.01%
Nomad Foods0.01%
Globant<0.01%
Hertz Global Hldgs Inc<0.01%
Anglogold Ashanti PLC<0.01%
Blackstone Mortgage Trust Reit Cla<0.01%
Globalfoundries<0.01%
Hawaiian Electric Industries<0.01%
Dht Holdings<0.01%
Allegiant Travel<0.01%
J and J Snack Foods Corp<0.01%
Global Ship Lease Class A<0.01%
Ihs Holding<0.01%
Clarivate PLC<0.01%
Oxford Industries Inc<0.01%
Dole PLC<0.01%
Reynolds Consumer Products Inc<0.01%
Community Health Systems Inc<0.01%
Pelagos Insurance Capital Ltd<0.01%
Adapthealth<0.01%
Omnicell Inc<0.01%
Tripadvisor<0.01%
Rayonier Advanced Materials<0.01%
Malibu Boats Class A Inc<0.01%
Myriad Genetics<0.01%
Pennymac Mortgage Investment Trust<0.01%
Teekay Corporation Corp Ltd<0.01%
Innovative Industrial Properties I<0.01%
W and T Offshore<0.01%
Magnera<0.01%
Easterly Government Properties Inc<0.01%
American Assets Trust Reit<0.01%
Oil States International<0.01%
Ferroglobe PLC<0.01%
Graftech International Ltd<0.01%
Ardmore Shipping Corp<0.01%
Shoe Station Group Inc<0.01%
B and G Foods Inc<0.01%
Matthews International Corp Class<0.01%

Only in SCHB

855 securities, 3.7% of SCHB by weight

Space Exploration Technologies Cor0.27%
Cloudflare Class A0.13%
Robinhood Markets Class A0.10%
Nxp Semiconductors NV0.09%
Bloom Energy Class A0.09%
Natera0.08%
Strategy Inc Class A0.07%
Garmin0.06%
Astera Labs0.06%
Revolution Medicines0.05%
Roblox Class A0.05%
Sunbelt Rentals Holdings Inc0.05%
Rocket Lab Corp0.04%
Atlassian Corp Class A0.04%
Credo Technology Group Holding Ltd0.04%
Zscaler0.04%
Guardant Health0.03%
Insmed0.03%
Alnylam Pharmaceuticals0.03%
Affirm Holdings Class A0.03%
Rubrik Class A0.03%
Amrize AG0.03%
Roivant Sciences Ltd0.03%
Nutanix Class A0.03%
Reddit Class A0.03%
Rb Global0.02%
Circle Internet Group Inc Class A0.02%
Medline Class A0.02%
Samsara Class A0.02%
Glaukos0.02%
Bitmine Immersion Technologies0.02%
Ast Spacemobile Class A0.02%
Ionq0.02%
Fabrinet0.02%
Bridgebio Pharma0.02%
Qxo0.02%
Twist Bioscience0.02%
Lululemon Athletica0.02%
Sitime0.02%
Draftkings Class A0.01%
10X Genomics Class A0.01%
Elastic0.01%
Protagonist Therapeutics0.01%
Viper Energy Inc Class A0.01%
Kymera Therapeutics0.01%
Tempus Ai Class A0.01%
Gitlab Class A0.01%
Sentinelone Inc Class A0.01%
Vaxcyte0.01%
Cytokinetics0.01%

Weight gaps

The 100 widest of 1,527 Holdings in both funds.

Holding weights in FNDB and SCHB, widest gap first
Holding	More in FNDBMore in SCHB	FNDB	SCHB
NVIDIANVDA	SCHB +6.26 points	0.67%	6.93%
MicrosoftMSFT	SCHB +2.29 points	2.99%	5.28%
AppleAAPL	SCHB +2.25 points	4.58%	6.83%
Broadcom IncAVGO	SCHB +1.76 points	0.44%	2.20%
Amazon Com IncAMZN	SCHB +1.50 points	1.71%	3.21%
Exxonmobil Holdings CorpXOM	FNDB +1.31 points	2.32%	1.01%
Tesla IncTSLA	SCHB +1.19 points	0.33%	1.52%
Eli LillyLLY	SCHB +1.18 points	0.29%	1.47%
Advanced Micro DevicesAMD	SCHB +0.98 points	0.26%	1.24%
ChevronCVX	FNDB +0.95 points	1.56%	0.61%
Micron TechnologyMU	SCHB +0.92 points	0.49%	1.41%
Alphabet Class AGOOGL	SCHB +0.90 points	1.33%	2.23%
UnitedHealth GroupUNH	FNDB +0.87 points	1.36%	0.49%
Alphabet Class CGOOG	SCHB +0.73 points	1.07%	1.80%
Palantir Technologies Class APLTR	SCHB +0.60 points	<0.01%	0.61%
Valero Energy CorpVLO	FNDB +0.59 points	0.74%	0.15%
Marathon PetroleumMPC	FNDB +0.53 points	0.69%	0.16%
Verizon Communications IncVZ	FNDB +0.53 points	0.77%	0.24%
ConocophillipsCOP	FNDB +0.52 points	0.76%	0.24%
PfizerPFE	FNDB +0.52 points	0.75%	0.23%
Visa Class AV	SCHB +0.50 points	0.44%	0.94%
AT&TT	FNDB +0.47 points	0.66%	0.19%
Meta Platforms Class AMETA	SCHB +0.41 points	1.44%	1.85%
Cvs HealthCVS	FNDB +0.40 points	0.55%	0.15%
Mastercard Class AMA	SCHB +0.38 points	0.31%	0.69%
Palo Alto NetworksPANW	SCHB +0.38 points	0.04%	0.42%
ModernaMRNA	FNDB +0.37 points	0.48%	0.11%
General MotorsGM	FNDB +0.37 points	0.47%	0.10%
CitigroupC	FNDB +0.37 points	0.65%	0.28%
Wells FargoWFC	FNDB +0.36 points	0.70%	0.34%
PhillipsPSX	FNDB +0.35 points	0.50%	0.15%
Comcast Class ACMCSA	FNDB +0.35 points	0.46%	0.11%
Crowdstrike Holdings Class ACRWD	SCHB +0.35 points	0.01%	0.36%
Target CorpTGT	FNDB +0.33 points	0.42%	0.09%
HumanaHUM	FNDB +0.32 points	0.39%	0.07%
Elevance Health IncELV	FNDB +0.32 points	0.44%	0.12%
Ford MotorF	FNDB +0.31 points	0.38%	0.07%
Bank of AmericaBAC	FNDB +0.31 points	0.76%	0.45%
Ge AerospaceGE	SCHB +0.30 points	0.14%	0.44%
Berkshire Hathaway Inc Class BBRK.B	FNDB +0.29 points	1.64%	1.35%
Bristol Myers SquibbBMY	FNDB +0.29 points	0.46%	0.17%
Ge VernovaGEV	SCHB +0.28 points	0.04%	0.32%
Procter & GamblePG	FNDB +0.27 points	0.77%	0.50%
Centene CorpCNC	FNDB +0.27 points	0.32%	0.05%
WalmartWMT	FNDB +0.28 points	1.00%	0.72%
CignaCI	FNDB +0.26 points	0.37%	0.11%
Lam ResearchLRCX	SCHB +0.26 points	0.17%	0.43%
JPMorgan ChaseJPM	FNDB +0.26 points	1.48%	1.22%
Accenture PLC Class AACN	FNDB +0.25 points	0.45%	0.20%
Eog ResourcesEOG	FNDB +0.24 points	0.35%	0.11%
SandiskSNDK	SCHB +0.23 points	0.03%	0.26%
United Parcel Service Inc Class BUPS	FNDB +0.22 points	0.33%	0.11%
NucorNUE	FNDB +0.23 points	0.31%	0.08%
Arista NetworksANET	SCHB +0.21 points	0.04%	0.26%
DowDOW	FNDB +0.22 points	0.25%	0.03%
Lockheed MartinLMT	FNDB +0.20 points	0.38%	0.17%
Merck & Co IncMRK	FNDB +0.20 points	0.68%	0.48%
KrogerKR	FNDB +0.19 points	0.24%	0.05%
Capital One Financial CorpCOF	FNDB +0.19 points	0.36%	0.17%
Marvell TechnologyMRVL	SCHB +0.19 points	0.07%	0.26%
KlaKLAC	SCHB +0.18 points	0.10%	0.29%
Amphenol Corp Class AAPH	SCHB +0.19 points	0.08%	0.27%
Intel Corporation CorpINTC	FNDB +0.18 points	0.79%	0.61%
BoeingBA	SCHB +0.17 points	0.01%	0.18%
Lowes Companies IncLOW	FNDB +0.17 points	0.33%	0.16%
Hp IncHPQ	FNDB +0.17 points	0.21%	0.04%
Applied Material IncAMAT	SCHB +0.17 points	0.28%	0.45%
Fedex CorpFDX	FNDB +0.17 points	0.26%	0.09%
Archer Daniels MidlandADM	FNDB +0.16 points	0.21%	0.05%
Hewlett Packard EnterpriseHPE	FNDB +0.16 points	0.26%	0.10%
Devon EnergyDVN	FNDB +0.15 points	0.23%	0.08%
Occidental Petroleum CorpOXY	FNDB +0.16 points	0.22%	0.06%
Home DepotHD	FNDB +0.15 points	0.59%	0.44%
Intuitive SurgicalISRG	SCHB +0.15 points	0.06%	0.21%
American International GroupAIG	FNDB +0.15 points	0.21%	0.06%
WelltowerWELL	SCHB +0.15 points	0.08%	0.23%
SnowflakeSNOW	SCHB +0.14 points	<0.01%	0.15%
Lyondellbasell Industries Class ALYB	FNDB +0.15 points	0.17%	0.02%
Synchrony FinancialSYF	FNDB +0.15 points	0.18%	0.03%
PayPal HoldingsPYPL	FNDB +0.13 points	0.20%	0.07%
Best BuyBBY	FNDB +0.13 points	0.16%	0.03%
Walt DisneyDIS	FNDB +0.13 points	0.39%	0.26%
Western Digital CorpWDC	SCHB +0.13 points	0.06%	0.19%
Altria Group IncMO	FNDB +0.14 points	0.31%	0.17%
Uber TechnologiesUBER	SCHB +0.13 points	0.05%	0.18%
Seagate Technology Holdings PLCSTX	SCHB +0.13 points	0.08%	0.21%
PepsicoPEP	FNDB +0.14 points	0.38%	0.24%
Charter Communications Class ACHTR	FNDB +0.13 points	0.15%	0.02%
Duke Energy CorpDUK	FNDB +0.13 points	0.26%	0.13%
D R HortonDHI	FNDB +0.13 points	0.18%	0.05%
Hf SinclairDINO	FNDB +0.13 points	0.15%	0.02%
ServicenowNOW	SCHB +0.12 points	0.03%	0.15%
NetflixNFLX	SCHB +0.12 points	0.23%	0.35%
Union PacificUNP	FNDB +0.12 points	0.36%	0.24%
Mondelez International Class AMDLZ	FNDB +0.11 points	0.22%	0.11%
Cognizant Technology Solutions ClaCTSH	FNDB +0.11 points	0.15%	0.04%
MetlifeMET	FNDB +0.12 points	0.19%	0.07%
Datadog Inc Class ADDOG	SCHB +0.11 points	<0.01%	0.12%
Pbf Energy Class APBF	FNDB +0.11 points	0.12%	<0.01%
Nike Class BNKE	FNDB +0.11 points	0.17%	0.06%

All 1,619 FNDB holdings⁠All 2,389 SCHB 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 SCHB Cost

Overpaying FNDB vs SCHB

$4,521

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

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

Amount$10,000

Years30 years

Cost over time

FNDB 0.25%
SCHB 0.03%
Overpaying

Year by year

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

Expense ratio

0.25%FNDB
0.03%SCHB, cheaper

SCHB0.03%FNDB0.25%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

SCHB 2nd cheapest of 10 funds

FNDB 10th cheapest of 10 funds

FNDB vs SCHB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FNDB 1.42%, better; SCHB 1.06%
Payout (12M): FNDB $0.45; SCHB $0.31
Last payment: FNDB $0.12; SCHB $0.08
Ex-dividend: FNDB Sep 23, 2026; SCHB Sep 23, 2026
Paid on: FNDB Sep 28, 2026; SCHB Sep 28, 2026
Frequency: FNDB Quarterly; SCHB Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FNDBQuarterly · 40 paymentsAll FNDB payments⁠

SCHBQuarterly · 24 paymentsAll SCHB payments⁠

FNDB vs SCHB Risk

Fall from peak · 5 years

FNDB
SCHB

Risk facts

VolatilityStd dev, 3 years: FNDB 11.7%, betterSCHB 12.7%
Return per unit of riskSharpe ratio, 3 years: FNDB 1.48, betterSCHB 1.36
Worst fallMax drawdown, 5 years: FNDB −19.3%, betterSCHB −25.4%
Market sensitivityBeta, 5 years: FNDB 0.89SCHB 1.03; Market = 1

FNDB and SCHB in the news

All news⁠

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FNDB vs SCHB

In short

Stated mandate

Why people hold it

Worth knowing

How FNDB and SCHB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FNDB

Only in SCHB

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best S&P 500 ETF costs 0.02%. Equal weight is a different bet

VTI tracks the total U.S. stock market - large caps are 69.8% of it

How FNDB and SCHB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FNDB

Only in SCHB

Weight gaps