FNDB vs VTI: Grades, Fees and Holdings Compared

Schwab Fundamental U.S. Broad Market Index ETF

FNDBCNYSE Arca

Vanguard Morningstar Total Stock Market ETF

VTIANYSE Arca

Overlap

62.6%by weight

Expense ratio

VTI −0.22pt a year

FNDB0.25%VTI0.03%

Avg volume · 30D

VTI 9.5×the volume

FNDB323KVTI3.06M

10Y return · a year

VTI +0.5pt

FNDB+14.4%VTI+14.9%

FNDB vs VTI Performance

Oct 29, 2021 – Oct 30, 2026

+85.4%FNDB+68.2%VTI

Expense ratio: FNDB 0.25%; VTI 0.03%, better
Fund size: FNDB $1.51B; VTI $2.3T
1Y total return: FNDB +24.4%, better; VTI +12.0%
Yield (12M): FNDB 1.42%, better; VTI 1.06%
Holdings: FNDB 1616; VTI 3502
Avg volume (30D): FNDB 323K sh; VTI 3.06M sh, better
NAV per share: FNDB $31.77; VTI $371.51
52W range

ETF.net Grade

Pillar letters and Scores for FNDB, VTI, with each pillar’s weight
Pillar	FNDB	VTI
Cost30% weight	F11	A75Higher
Mission25% weight	A74	A100Higher
Risk15% weight	B66Higher	C50
Tradability15% weight	C42	B59Higher
Holdings10% weight	A85Higher	C54
Durability5% weight	D33	A87Higher

Rank among Total US Market funds

How we build Categories ›

Same Category. FNDB and VTI 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 ›

VTI ranks 4th 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 5ABBUSJPMorgan BetaBuilders U.S. Equity ETFScore 70
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

VTIAVanguard Morningstar Total 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.

VTI The whole US stock market in one ticker: roughly 3,600 names, from mega caps down to micro caps, for three basis points. Vanguard has run this portfolio in ETF form since 2001, and it's grown into one of the largest funds anywhere.

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.

VTI The fund aims to replicate the performance of a benchmark index that covers the entire U.S. stock market.

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.

VTI Costs 0.03% a year, half the 0.06% typical for its total-market peers.
About 3,600 holdings, so the small and micro caps an S&P 500 fund leaves out are already in the mix.vanguard.com
Tracks its total-market benchmark very closely and trades heavily, and it sits among the strongest implementations in its peer group.
The ETF is a share class of Vanguard's Total Stock Market Index Fund, sharing one portfolio with the mutual fund rather than running a separate copy.sec.gov

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.

VTI Market-cap weighted, so the biggest US companies drive the result and the thousands of small names at the bottom carry little weight.vanguard.com
All US, by design. Nothing outside the country comes with it.
ITOT and SCHB match the 0.03% fee and BBUS runs 0.02%, so rivals deliver similar whole-market exposure for the same or less.

Full FNDB profile⁠

Full VTI profile⁠

FNDB vs VTI Holdings

How FNDB and VTI differ

Overlap by weight

62.6%

Shared holdings make up 99.3% of FNDB and 95.8% of VTI.

Level by level

Holdings1,572 in both62.6%
Sector11 Sectors81.0%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in FNDB and VTI, widest gap first
Sector	More in FNDBMore in VTI	FNDB	VTI
Technology	VTI +18.6 points	19.5%	38.1%
Energy	FNDB +5.7 points	9.3%	3.6%
Financials	FNDB +3.2 points	14.7%	11.5%
Consumer Staples	FNDB +3.1 points	7.3%	4.2%
Health Care	FNDB +3.1 points	13.1%	10.0%
Materials	FNDB +1.5 points	3.3%	1.8%
Utilities	FNDB +1.0 points	2.9%	1.9%
Industrials	FNDB +0.8 points	9.6%	8.8%
Consumer Discretionary	FNDB +0.6 points	9.3%	8.7%
Communication	VTI +0.4 points	8.8%	9.2%
Real Estate	FNDB +0.1 points	2.3%	2.2%

Country, concentration and asset class

Country by domicile

Country weights in FNDB and VTI, widest gap first
Country	More in FNDBMore in VTI	FNDB	VTI
United States	VTI +0.6 points	99.4%	100.0%
Other countries (9)	FNDB +0.6 points	0.6%	0.0%

Concentration

Weight in the 10 largest Holdings

FNDB20.4%
VTI34.7%

Securities held

FNDB1,616
VTI3,488

Asset class

FNDB: Equity
VTI: Equity

Holdings

Only in FNDB44
In both1,572
Only in VTI1,916

Only in FNDB

44 securities, 0.7% of FNDB by weight

Vylor0.11%
Ssc Government Mm Gvmxx0.07%
Amcor PLC0.07%
Icon PLC0.05%
Aercap Holdings0.04%
Ishares Core S&P Total Us Stock Ma0.04%
Amdocs0.03%
Coupang Class A0.02%
Royalty Pharma PLC Class A0.02%
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%
Adient PLC0.01%
Scorpio Tankers0.01%
Us Dollar0.01%
Nomad Foods0.01%
Liberty Latin America Class C<0.01%
Globant<0.01%
Anglogold Ashanti PLC<0.01%
Dorian Lpg<0.01%
Globalfoundries<0.01%
Dht Holdings<0.01%
Diversified Energy Company<0.01%
Global Ship Lease Class A<0.01%
Ihs Holding<0.01%
Clarivate PLC<0.01%
Livanova PLC<0.01%
Dole PLC<0.01%
Genco Shipping and Trading<0.01%
Pelagos Insurance Capital Ltd<0.01%
Cna Financial Corp<0.01%
Smithfield Foods<0.01%
Teekay Corporation Corp Ltd<0.01%
Orion SA<0.01%
Ferroglobe PLC<0.01%
Ardmore Shipping Corp<0.01%
Golar Lng<0.01%
Ardagh Metal Packaging SA<0.01%
Civeo Corp<0.01%
Costamare<0.01%
Paysafe Ltd<0.01%
Trinseo PLC0.00%

Only in VTI

1,916 securities, 4.2% of VTI by weight

SLCMT11420.21%
Cloudflare Inc0.15%
Space Exploration Technologies Corp0.12%
Robinhood Markets Inc0.12%
Bloom Energy Corp0.11%
Warner Bros Discovery Inc0.10%
Natera Inc0.08%
Strategy Inc0.08%
Astera Labs Inc0.08%
Garmin Ltd0.06%
Revolution Medicines Inc0.06%
Rocket Lab Corp0.06%
Waste Connections Inc0.05%
Alnylam Pharmaceuticals Inc0.05%
Credo Technology Group Holding Ltd0.04%
Sunbelt Rentals Holdings Inc0.04%
Atlassian Corp0.04%
Berkshire Hathaway Inc0.04%
ROBLOX Corp0.04%
Insmed Inc0.03%
Guardant Health Inc0.03%
HEICO Corp0.03%
Zscaler Inc0.03%
Medline Inc0.03%
Reddit Inc0.03%
Affirm Holdings Inc0.03%
Roivant Sciences Ltd0.03%
Nutanix Inc0.02%
Rubrik Inc0.02%
IonQ Inc0.02%
AST SpaceMobile Inc0.02%
SiTime Corp0.02%
BitMine Immersion Technologies Inc0.02%
Fabrinet0.02%
RB Global Inc0.02%
Twist Bioscience Corp0.02%
Samsara Inc0.02%
Circle Internet Group Inc0.02%
QXO Inc0.02%
Bridgebio Pharma Inc0.02%
10X Genomics Inc0.01%
Moog Inc0.01%
JFrog Ltd0.01%
Lululemon Athletica Inc0.01%
Qorvo Inc0.01%
Hut 8 Corp0.01%
Tempus AI Inc0.01%
Madrigal Pharmaceuticals Inc0.01%
Cytokinetics Inc0.01%
Glaukos Corp0.01%

Weight gaps

The 100 widest of 1,572 Holdings in both funds.

Holding weights in FNDB and VTI, widest gap first
Holding	More in FNDBMore in VTI	FNDB	VTI
NVIDIANVDA	VTI +6.47 points	0.67%	7.14%
MicrosoftMSFT	VTI +2.21 points	2.99%	5.20%
AppleAAPL	VTI +2.05 points	4.58%	6.63%
Broadcom IncAVGO	VTI +1.84 points	0.44%	2.28%
Amazon Com IncAMZN	VTI +1.59 points	1.71%	3.30%
Alphabet Class AGOOGL	VTI +1.43 points	1.33%	2.76%
Exxonmobil Holdings CorpXOM	FNDB +1.40 points	2.32%	0.92%
Micron TechnologyMU	VTI +1.15 points	0.49%	1.64%
Alphabet Class CGOOG	VTI +1.11 points	1.07%	2.18%
Advanced Micro DevicesAMD	VTI +1.10 points	0.26%	1.36%
Eli LillyLLY	VTI +1.05 points	0.29%	1.34%
ChevronCVX	FNDB +1.04 points	1.56%	0.52%
Tesla IncTSLA	VTI +1.04 points	0.33%	1.37%
UnitedHealth GroupUNH	FNDB +0.91 points	1.36%	0.45%
Meta Platforms Class AMETA	VTI +0.74 points	1.44%	2.18%
Valero Energy CorpVLO	FNDB +0.59 points	0.74%	0.15%
ConocophillipsCOP	FNDB +0.55 points	0.76%	0.21%
Palantir Technologies Class APLTR	VTI +0.55 points	<0.01%	0.56%
Marathon PetroleumMPC	FNDB +0.54 points	0.69%	0.15%
PfizerPFE	FNDB +0.53 points	0.75%	0.22%
Verizon Communications IncVZ	FNDB +0.51 points	0.77%	0.26%
Berkshire Hathaway Inc Class BBRK.B	FNDB +0.43 points	1.64%	1.21%
AT&TT	FNDB +0.43 points	0.66%	0.23%
Cvs HealthCVS	FNDB +0.40 points	0.55%	0.15%
Visa Class AV	VTI +0.40 points	0.44%	0.84%
Palo Alto NetworksPANW	VTI +0.40 points	0.04%	0.44%
Lam ResearchLRCX	VTI +0.39 points	0.17%	0.56%
ModernaMRNA	FNDB +0.39 points	0.48%	0.09%
General MotorsGM	FNDB +0.38 points	0.47%	0.09%
WalmartWMT	FNDB +0.38 points	1.00%	0.62%
Wells FargoWFC	FNDB +0.37 points	0.70%	0.33%
PhillipsPSX	FNDB +0.36 points	0.50%	0.14%
CitigroupC	FNDB +0.36 points	0.65%	0.29%
Comcast Class ACMCSA	FNDB +0.35 points	0.46%	0.11%
Crowdstrike Holdings Class ACRWD	VTI +0.34 points	0.01%	0.35%
Elevance Health IncELV	FNDB +0.33 points	0.44%	0.11%
HumanaHUM	FNDB +0.33 points	0.39%	0.06%
Target CorpTGT	FNDB +0.32 points	0.42%	0.10%
SandiskSNDK	VTI +0.32 points	0.03%	0.35%
Ford MotorF	FNDB +0.32 points	0.38%	0.06%
Procter & GamblePG	FNDB +0.31 points	0.77%	0.46%
Ge VernovaGEV	VTI +0.31 points	0.04%	0.35%
Ge AerospaceGE	VTI +0.30 points	0.14%	0.44%
Accenture PLC Class AACN	FNDB +0.30 points	0.45%	0.15%
Bristol Myers SquibbBMY	FNDB +0.29 points	0.46%	0.17%
Mastercard Class AMA	VTI +0.28 points	0.31%	0.59%
JPMorgan ChaseJPM	FNDB +0.28 points	1.48%	1.20%
Centene CorpCNC	FNDB +0.28 points	0.32%	0.04%
Applied Material IncAMAT	VTI +0.27 points	0.28%	0.55%
CignaCI	FNDB +0.27 points	0.37%	0.10%
Bank of AmericaBAC	FNDB +0.27 points	0.76%	0.49%
Arista NetworksANET	VTI +0.25 points	0.04%	0.30%
Marvell TechnologyMRVL	VTI +0.25 points	0.07%	0.32%
Eog ResourcesEOG	FNDB +0.25 points	0.35%	0.10%
KlaKLAC	VTI +0.24 points	0.10%	0.35%
United Parcel Service Inc Class BUPS	FNDB +0.23 points	0.33%	0.10%
NucorNUE	FNDB +0.24 points	0.31%	0.07%
Lockheed MartinLMT	FNDB +0.22 points	0.38%	0.16%
DowDOW	FNDB +0.22 points	0.25%	0.03%
Caterpillar IncCAT	VTI +0.21 points	0.30%	0.51%
Seagate Technology Holdings PLCSTX	VTI +0.21 points	0.08%	0.29%
Home DepotHD	FNDB +0.20 points	0.59%	0.39%
Capital One Financial CorpCOF	FNDB +0.20 points	0.36%	0.16%
Amphenol Corp Class AAPH	VTI +0.20 points	0.08%	0.28%
KrogerKR	FNDB +0.19 points	0.24%	0.05%
Merck & Co IncMRK	FNDB +0.19 points	0.68%	0.49%
BoeingBA	VTI +0.19 points	0.01%	0.20%
Lowes Companies IncLOW	FNDB +0.19 points	0.33%	0.14%
Fedex CorpFDX	FNDB +0.18 points	0.26%	0.08%
NetflixNFLX	VTI +0.17 points	0.23%	0.40%
Hp IncHPQ	FNDB +0.17 points	0.21%	0.04%
Devon EnergyDVN	FNDB +0.16 points	0.23%	0.07%
Occidental Petroleum CorpOXY	FNDB +0.16 points	0.22%	0.06%
Archer Daniels MidlandADM	FNDB +0.16 points	0.21%	0.05%
ServicenowNOW	VTI +0.16 points	0.03%	0.19%
Western Digital CorpWDC	VTI +0.15 points	0.06%	0.21%
American International GroupAIG	FNDB +0.16 points	0.21%	0.05%
Hewlett Packard EnterpriseHPE	FNDB +0.15 points	0.26%	0.11%
Altria Group IncMO	FNDB +0.16 points	0.31%	0.15%
PayPal HoldingsPYPL	FNDB +0.15 points	0.20%	0.05%
WelltowerWELL	VTI +0.15 points	0.08%	0.23%
Lyondellbasell Industries Class ALYB	FNDB +0.15 points	0.17%	0.02%
Walt DisneyDIS	FNDB +0.14 points	0.39%	0.25%
SnowflakeSNOW	VTI +0.14 points	<0.01%	0.15%
Synchrony FinancialSYF	FNDB +0.15 points	0.18%	0.03%
PepsicoPEP	FNDB +0.14 points	0.38%	0.24%
Union PacificUNP	FNDB +0.14 points	0.36%	0.22%
Best BuyBBY	FNDB +0.14 points	0.16%	0.02%
Duke Energy CorpDUK	FNDB +0.14 points	0.26%	0.12%
Uber TechnologiesUBER	VTI +0.13 points	0.05%	0.18%
Intuitive SurgicalISRG	VTI +0.14 points	0.06%	0.20%
D R HortonDHI	FNDB +0.13 points	0.18%	0.05%
Charter Communications Class ACHTR	FNDB +0.13 points	0.15%	0.02%
Hf SinclairDINO	FNDB +0.13 points	0.15%	0.02%
Mondelez International Class AMDLZ	FNDB +0.12 points	0.22%	0.10%
Datadog Inc Class ADDOG	VTI +0.12 points	<0.01%	0.13%
MetlifeMET	FNDB +0.12 points	0.19%	0.07%
Cognizant Technology Solutions ClaCTSH	FNDB +0.11 points	0.15%	0.04%
Nike Class BNKE	FNDB +0.11 points	0.17%	0.06%
Abbott LaboratoriesABT	FNDB +0.12 points	0.35%	0.23%

All 1,619 FNDB holdings⁠All 3,598 VTI 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 VTI Cost

Overpaying FNDB vs VTI

$4,521

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

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

Amount$10,000

Years30 years

Cost over time

FNDB 0.25%
VTI 0.03%
Overpaying

Year by year

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

Expense ratio

0.25%FNDB
0.03%VTI, cheaper

VTI0.03%FNDB0.25%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

VTI 2nd cheapest of 10 funds

FNDB 10th cheapest of 10 funds

FNDB vs VTI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FNDB 1.42%, better; VTI 1.06%
Payout (12M): FNDB $0.45; VTI $3.95
Last payment: FNDB $0.12; VTI $0.96
Ex-dividend: FNDB Sep 23, 2026; VTI Sep 28, 2026
Paid on: FNDB Sep 28, 2026; VTI Sep 30, 2026
Frequency: FNDB Quarterly; VTI Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FNDBQuarterly · 40 paymentsAll FNDB payments⁠

VTIQuarterly · 39 paymentsAll VTI payments⁠

FNDB vs VTI Risk

Fall from peak · 5 years

FNDB
VTI

Risk facts

VolatilityStd dev, 3 years: FNDB 11.7%, betterVTI 12.7%
Return per unit of riskSharpe ratio, 3 years: FNDB 1.48, betterVTI 1.37
Worst fallMax drawdown, 5 years: FNDB −19.3%, betterVTI −25.4%
Market sensitivityBeta, 5 years: FNDB 0.89VTI 1.02; Market = 1

FNDB and VTI 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, 2026VTI
Head-to-Head
Take VTI over VOO unless you already own the rest of the market
Oct 23, 2026VTI
Head-to-Head
Own the world's stocks with VT, or only the United States with VTI
Oct 23, 2026VTI
Deep Dive
VTI tracks the total U.S. stock market - large caps are 69.8% of it
Oct 22, 2026VTI
Head-to-Head
VTI or VOO is a choice of market, not a choice of fee
Oct 15, 2026VTI
Price vs Value
Vanguard showed a 1.94% discount on an energy fund that closed two cents above its value
Oct 4, 2026VTI

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FNDB vs VTI

In short

Stated mandate

Why people hold it