FNDB vs SPTM: Grades, Fees and Holdings Compared

Schwab Fundamental U.S. Broad Market Index ETF

FNDBCNYSE Arca

State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF

SPTMANYSE Arca

Overlap

65.5%by weight

Expense ratio

SPTM −0.22pt a year

FNDB0.25%SPTM0.03%

Avg volume · 30D

SPTM 1.4×the volume

FNDB323KSPTM468K

10Y return · a year

SPTM +0.7pt

FNDB+14.4%SPTM+15.1%

FNDB vs SPTM Performance

Oct 29, 2021 – Oct 30, 2026

+85.4%FNDB+73.4%SPTM

Expense ratio: FNDB 0.25%; SPTM 0.03%, better
Fund size: FNDB $1.51B; SPTM $14.3B
1Y total return: FNDB +24.4%, better; SPTM +12.4%
Yield (12M): FNDB 1.42%, better; SPTM 1.07%
Holdings: FNDB 1616; SPTM 1511
Avg volume (30D): FNDB 323K sh; SPTM 468K sh, better
NAV per share: FNDB $31.77; SPTM $93.14
52W range

ETF.net Grade

Pillar letters and Scores for FNDB, SPTM, with each pillar’s weight
Pillar	FNDB	SPTM
Cost30% weight	F11	A75Higher
Mission25% weight	A74	A100Higher
Risk15% weight	B66Higher	B57
Tradability15% weight	C42	B69Higher
Holdings10% weight	A85Higher	C49
Durability5% weight	D33	B63Higher

Rank among Total US Market funds

How we build Categories ›

Same Category. FNDB and SPTM 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 ›

SPTM ranks 3rd 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 4AVTIVanguard Morningstar Total Stock Market ETFScore 73
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

SPTMAState Street SPDR Portfolio S&P 1500 Composite 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.

SPTM One ticker for the whole US market ladder: about 1,500 large, mid and small caps from S&P's composite index at 3 basis points. Running since 2000, at half the fee of the typical total-market rival.

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.

SPTM The fund seeks to provide investment results that generally correspond to the total return of the S&P Composite 1500 Index, offering broad U.S. equity exposure 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.

SPTM 0.03% a year, half the 0.06% median for total-market rivals. In a category where cost is most of the argument, it sits in the cheap tier.
One job, done plainly: large, mid and small cap US stocks in a single wrapper, about 1,500 names, no sector bets or style tilts, and it has tracked its index closely.
Launched in 2000, so it has traded through the dot-com bust, 2008 and 2020. A multi-billion-dollar fund that changes hands actively every day.
Stands in the upper half of its total-market peer group next to VTI, SCHB and ITOT, and matches ITOT's declared index at the same 0.03% fee.

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.

SPTM Liquidity is solid rather than category-leading. The largest total-market funds trade heavier, so spreads here can run a little wider on big or hurried orders.
US only. International stocks sit outside the mandate, so global exposure has to come from somewhere else in the portfolio.
Owning the whole US market means owning its drawdowns: no buffer, no hedge, no cash cushion. Cash comes back as a quarterly distribution.

Full FNDB profile⁠

Full SPTM profile⁠

FNDB vs SPTM Holdings

How FNDB and SPTM differ

Overlap by weight

65.5%

Shared holdings make up 98.6% of SPTM and 98.0% of FNDB.

Level by level

Holdings1,341 in both65.5%
Sector11 Sectors82.8%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in FNDB and SPTM, widest gap first
Sector	More in FNDBMore in SPTM	FNDB	SPTM
Technology	SPTM +17.3 points	19.5%	36.8%
Energy	FNDB +5.4 points	9.3%	3.9%
Health Care	FNDB +3.3 points	13.1%	9.8%
Consumer Staples	FNDB +2.6 points	7.3%	4.7%
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%
Communication	FNDB +0.4 points	8.8%	8.4%
Real Estate	FNDB +0.2 points	2.3%	2.1%
Consumer Discretionary	FNDB +0.1 points	9.3%	9.2%

Country, concentration and asset class

Country by domicile

Country weights in FNDB and SPTM, widest gap first
Country	More in FNDBMore in SPTM	FNDB	SPTM
United States	SPTM +0.1 points	99.4%	99.5%
Switzerland	Same weight	0.2%	0.2%
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%
SPTM34.5%

Securities held

FNDB1,616
SPTM1,508

Asset class

FNDB: Equity
SPTM: Equity

Holdings

Only in FNDB275
In both1,341
Only in SPTM167

Only in FNDB

275 securities, 2.0% of FNDB by weight

Cheniere Energy0.15%
Ssc Government Mm Gvmxx0.07%
Icon PLC0.05%
Markel Group0.05%
Onemain Holdings0.05%
Aercap Holdings0.04%
Ss and C Technologies Holdings0.04%
First Citizens Bancshares Class A0.04%
Ishares Core S&P Total Us Stock Ma0.04%
Amdocs0.03%
Lpl Financial Holdings0.03%
Zoom Communications Class A0.03%
Huntsman Corp0.02%
Coupang Class A0.02%
Royalty Pharma PLC Class A0.02%
Compass Inc Class A0.02%
James Hardie Industries PLC0.02%
Flutter Entertainment PLC0.02%
Popular0.02%
Rocket Companies Inc Class A0.02%
Spectrum Brands Holdings0.02%
Americold Realty Inc Trust0.02%
U Haul Non Voting Series N0.02%
Southern Copper Corp0.02%
Liberty Global Ltd Class C0.02%
Kosmos Energy0.01%
Moog Inc Class A0.01%
Helen of Troy Ltd0.01%
Liberty Media Series C0.01%
Ryerson Holding0.01%
Siteone Landscape Supply Inc0.01%
Scorpio Tankers0.01%
Heico0.01%
Trinet Groupinary0.01%
Us Dollar0.01%
Bloomin Brands Inc0.01%
Agilon Health0.01%
Unity Software0.01%
Gold Inc0.01%
Axis Capital Holdings0.01%
Nabors Industries0.01%
Nomad Foods0.01%
White Mountains Insurance Group0.01%
Zillow Group Class C0.01%
Liberty Latin America Class C<0.01%
Herbalife Ltd<0.01%
Rlj Lodging Trust Reit<0.01%
Ingles Markets Class A<0.01%
Pennymac Financial Services<0.01%
Globant<0.01%

Only in SPTM

167 securities, 1.1% of SPTM by weight

Robinhood Markets Inc A0.10%
Nxp Semiconductors NV0.09%
Bloom Energy Corp A0.09%
Garmin Ltd0.06%
Roivant Sciences Ltd0.03%
Nutanix Inc A0.03%
Reddit Inc Class A0.02%
Rb Global Inc0.02%
Lululemon Athletica Inc0.02%
Fabrinet0.02%
Glaukos Corp0.02%
Moog Inc Class A0.02%
Autoliv Inc0.01%
Fox Corp Class B0.01%
Protagonist Therapeutics Inc0.01%
Krystal Biotech Inc0.01%
Norwegian Cruise Line Holdin0.01%
Sitime Corp0.01%
Cytokinetics Inc0.01%
Ringcentral Inc Class A<0.01%
Arrowhead Pharmaceuticals In<0.01%
Lazard Inc<0.01%
Bentley Systems Inc Class B<0.01%
Uipath Inc Class A<0.01%
Hims & Hers Health Inc<0.01%
Powell Industries Inc<0.01%
Tenable Holdings Inc<0.01%
Dutch Bros Inc Class A<0.01%
Msg Knickerbockers Corp<0.01%
Tg Therapeutics Inc<0.01%
Nicolet Bankshares Inc<0.01%
Ptc Therapeutics Inc<0.01%
Duolingo<0.01%
Ligand Pharmaceuticals<0.01%
Argan Inc<0.01%
Kulicke & Soffa Industries<0.01%
Cava Group Inc<0.01%
Bill Holdings Inc<0.01%
Appfolio Inc A<0.01%
Indivior Pharmaceuticals Inc<0.01%
Celsius Holdings Inc<0.01%
Vicor Corp<0.01%
Remitly Global Inc<0.01%
Ha Sustainable Infrastructur<0.01%
Doximity Inc Class A<0.01%
Freshpet Inc<0.01%
Workiva Inc<0.01%
Ufp Technologies Inc<0.01%
Liquidia Corp<0.01%
Veracyte Inc<0.01%

Weight gaps

The 100 widest of 1,341 Holdings in both funds.

Holding weights in FNDB and SPTM, widest gap first
Holding	More in FNDBMore in SPTM	FNDB	SPTM
NVIDIANVDA	SPTM +6.51 points	0.67%	7.18%
AppleAAPL	SPTM +2.50 points	4.58%	7.08%
MicrosoftMSFT	SPTM +2.48 points	2.99%	5.47%
Broadcom IncAVGO	SPTM +1.84 points	0.44%	2.28%
Amazon Com IncAMZN	SPTM +1.62 points	1.71%	3.33%
Exxonmobil Holdings CorpXOM	FNDB +1.27 points	2.32%	1.05%
Tesla IncTSLA	SPTM +1.25 points	0.33%	1.58%
Eli LillyLLY	SPTM +1.24 points	0.29%	1.53%
Advanced Micro DevicesAMD	SPTM +1.03 points	0.26%	1.29%
Alphabet Class AGOOGL	SPTM +0.98 points	1.33%	2.31%
Micron TechnologyMU	SPTM +0.98 points	0.49%	1.47%
ChevronCVX	FNDB +0.92 points	1.56%	0.64%
UnitedHealth GroupUNH	FNDB +0.85 points	1.36%	0.51%
Alphabet Class CGOOG	SPTM +0.80 points	1.07%	1.87%
Palantir Technologies Class APLTR	SPTM +0.62 points	<0.01%	0.63%
Valero Energy CorpVLO	FNDB +0.59 points	0.74%	0.15%
Visa Class AV	SPTM +0.53 points	0.44%	0.97%
Marathon PetroleumMPC	FNDB +0.52 points	0.69%	0.17%
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%
Meta Platforms Class AMETA	SPTM +0.47 points	1.44%	1.91%
AT&TT	FNDB +0.46 points	0.66%	0.20%
Mastercard Class AMA	SPTM +0.41 points	0.31%	0.72%
Cvs HealthCVS	FNDB +0.39 points	0.55%	0.16%
Palo Alto NetworksPANW	SPTM +0.39 points	0.04%	0.43%
ModernaMRNA	FNDB +0.37 points	0.48%	0.11%
General MotorsGM	FNDB +0.37 points	0.47%	0.10%
Crowdstrike Holdings Class ACRWD	SPTM +0.36 points	0.01%	0.37%
CitigroupC	FNDB +0.36 points	0.65%	0.29%
PhillipsPSX	FNDB +0.35 points	0.50%	0.15%
Comcast Class ACMCSA	FNDB +0.35 points	0.46%	0.11%
Wells FargoWFC	FNDB +0.35 points	0.70%	0.35%
Target CorpTGT	FNDB +0.33 points	0.42%	0.09%
HumanaHUM	FNDB +0.32 points	0.39%	0.07%
Ge AerospaceGE	SPTM +0.31 points	0.14%	0.45%
Elevance Health IncELV	FNDB +0.31 points	0.44%	0.13%
Ford MotorF	FNDB +0.31 points	0.38%	0.07%
Bank of AmericaBAC	FNDB +0.30 points	0.76%	0.46%
Ge VernovaGEV	SPTM +0.29 points	0.04%	0.33%
Bristol Myers SquibbBMY	FNDB +0.28 points	0.46%	0.18%
Centene CorpCNC	FNDB +0.27 points	0.32%	0.05%
Lam ResearchLRCX	SPTM +0.27 points	0.17%	0.44%
Procter & GamblePG	FNDB +0.25 points	0.77%	0.52%
CignaCI	FNDB +0.26 points	0.37%	0.11%
WalmartWMT	FNDB +0.26 points	1.00%	0.74%
Berkshire Hathaway Inc Class BBRK.B	FNDB +0.23 points	1.64%	1.41%
Accenture PLC Class AACN	FNDB +0.24 points	0.45%	0.21%
SandiskSNDK	SPTM +0.24 points	0.03%	0.27%
Eog ResourcesEOG	FNDB +0.23 points	0.35%	0.12%
Arista NetworksANET	SPTM +0.22 points	0.04%	0.27%
United Parcel Service Inc Class BUPS	FNDB +0.22 points	0.33%	0.11%
NucorNUE	FNDB +0.22 points	0.31%	0.09%
DowDOW	FNDB +0.22 points	0.25%	0.03%
JPMorgan ChaseJPM	FNDB +0.21 points	1.48%	1.27%
Marvell TechnologyMRVL	SPTM +0.20 points	0.07%	0.27%
KlaKLAC	SPTM +0.19 points	0.10%	0.30%
Amphenol Corp Class AAPH	SPTM +0.20 points	0.08%	0.28%
Lockheed MartinLMT	FNDB +0.20 points	0.38%	0.18%
KrogerKR	FNDB +0.19 points	0.24%	0.05%
Capital One Financial CorpCOF	FNDB +0.18 points	0.36%	0.18%
Applied Material IncAMAT	SPTM +0.19 points	0.28%	0.47%
Merck & Co IncMRK	FNDB +0.18 points	0.68%	0.50%
BoeingBA	SPTM +0.18 points	0.01%	0.19%
Hp IncHPQ	FNDB +0.17 points	0.21%	0.04%
Fedex CorpFDX	FNDB +0.17 points	0.26%	0.09%
Lowes Companies IncLOW	FNDB +0.17 points	0.33%	0.16%
Intuitive SurgicalISRG	SPTM +0.16 points	0.06%	0.22%
Archer Daniels MidlandADM	FNDB +0.16 points	0.21%	0.05%
Intel Corporation CorpINTC	FNDB +0.16 points	0.79%	0.63%
WelltowerWELL	SPTM +0.15 points	0.08%	0.23%
Occidental Petroleum CorpOXY	FNDB +0.16 points	0.22%	0.06%
Hewlett Packard EnterpriseHPE	FNDB +0.15 points	0.26%	0.11%
Devon EnergyDVN	FNDB +0.15 points	0.23%	0.08%
American International GroupAIG	FNDB +0.15 points	0.21%	0.06%
Lyondellbasell Industries Class ALYB	FNDB +0.15 points	0.17%	0.02%
Western Digital CorpWDC	SPTM +0.14 points	0.06%	0.20%
Uber TechnologiesUBER	SPTM +0.14 points	0.05%	0.19%
Synchrony FinancialSYF	FNDB +0.15 points	0.18%	0.03%
Seagate Technology Holdings PLCSTX	SPTM +0.14 points	0.08%	0.22%
Home DepotHD	FNDB +0.14 points	0.59%	0.45%
PayPal HoldingsPYPL	FNDB +0.13 points	0.20%	0.07%
Best BuyBBY	FNDB +0.13 points	0.16%	0.03%
Charter Communications Class ACHTR	FNDB +0.14 points	0.15%	0.01%
NetflixNFLX	SPTM +0.13 points	0.23%	0.36%
Altria Group IncMO	FNDB +0.13 points	0.31%	0.18%
Walt DisneyDIS	FNDB +0.12 points	0.39%	0.27%
ServicenowNOW	SPTM +0.13 points	0.03%	0.15%
D R HortonDHI	FNDB +0.13 points	0.18%	0.05%
Hf SinclairDINO	FNDB +0.13 points	0.15%	0.02%
PepsicoPEP	FNDB +0.12 points	0.38%	0.26%
Duke Energy CorpDUK	FNDB +0.12 points	0.26%	0.14%
Cognizant Technology Solutions ClaCTSH	FNDB +0.11 points	0.15%	0.04%
Caterpillar IncCAT	SPTM +0.12 points	0.30%	0.42%
Datadog Inc Class ADDOG	SPTM +0.11 points	<0.01%	0.12%
Vertiv Holdings Class AVRT	SPTM +0.11 points	0.02%	0.13%
Coca-ColaKO	SPTM +0.12 points	0.38%	0.50%
MetlifeMET	FNDB +0.11 points	0.19%	0.08%
Union PacificUNP	FNDB +0.11 points	0.36%	0.25%
Kraft HeinzKHC	FNDB +0.11 points	0.14%	0.03%

All 1,619 FNDB holdings⁠All 1,510 SPTM 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 SPTM Cost

Overpaying FNDB vs SPTM

$4,521

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

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

Amount$10,000

Years30 years

Cost over time

FNDB 0.25%
SPTM 0.03%
Overpaying

Year by year

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

Expense ratio

0.25%FNDB
0.03%SPTM, cheaper

SPTM0.03%FNDB0.25%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

SPTM 2nd cheapest of 10 funds

FNDB 10th cheapest of 10 funds

FNDB vs SPTM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FNDB 1.42%, better; SPTM 1.07%
Payout (12M): FNDB $0.45; SPTM $0.98
Last payment: FNDB $0.12; SPTM $0.25
Ex-dividend: FNDB Sep 23, 2026; SPTM Sep 21, 2026
Paid on: FNDB Sep 28, 2026; SPTM Sep 23, 2026
Frequency: FNDB Quarterly; SPTM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FNDBQuarterly · 40 paymentsAll FNDB payments⁠

SPTMQuarterly · 39 paymentsAll SPTM payments⁠

FNDB vs SPTM Risk

Fall from peak · 5 years

FNDB
SPTM

Risk facts

VolatilityStd dev, 3 years: FNDB 11.7%, betterSPTM 12.3%
Return per unit of riskSharpe ratio, 3 years: FNDB 1.48, betterSPTM 1.39
Worst fallMax drawdown, 5 years: FNDB −19.3%, betterSPTM −24.2%
Market sensitivityBeta, 5 years: FNDB 0.89SPTM 1.01; Market = 1

FNDB and SPTM 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, 2026SPTM

Popular comparisons

FNDBCvsITOTA
Schwab Fundamental U.S. Broad Market Index ETF · iShares Core S&P Total U.S. Stock Market ETF
Expense ratio
0.25% · 0.03%
Category
SPTMAvsITOTA
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF · iShares Core S&P Total U.S. Stock Market ETF
Expense ratio
0.03% · 0.03%
Category
FNDBCvsSCHBA
Schwab Fundamental U.S. Broad Market Index ETF · Schwab U.S. Broad Market ETF
Expense ratio
0.25% · 0.03%
Category
SPTMAvsSCHBA
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF · Schwab U.S. Broad Market ETF
Expense ratio
0.03% · 0.03%
Category
FNDBCvsVTIA
Schwab Fundamental U.S. Broad Market Index ETF · Vanguard Morningstar Total Stock Market ETF
Expense ratio
0.25% · 0.03%
Category
SPTMAvsVTIA
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF · Vanguard Morningstar Total Stock Market ETF
Expense ratio
0.03% · 0.03%
Category

FNDB vs SPTM

In short

Stated mandate

Why people hold it

Worth knowing

How FNDB and SPTM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FNDB

Only in SPTM

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

How FNDB and SPTM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FNDB

Only in SPTM

Weight gaps