What is the fundamental difference in investment philosophy between Schwab Fundamental U.S. Broad Market ETF and Vanguard S&P 500 ETF?

The primary distinction lies in their selection methodologies. The Schwab fund uses fundamental data to construct its portfolio, which results in holdings skewed toward large value stocks. In contrast, the Vanguard fund is passively managed, directly replicating the S&P 500 Index with holdings aligned with a large blend strategy. This difference in construction means one fund selects securities based on quantitative measures, while the other follows the market-capitalisation weighting of a predefined index, leading to distinct portfolio compositions.

What do the inception dates tell you about the history of these two funds?

The inception dates indicate when each fund began trading. The Vanguard fund started on 7 September 2010, giving it a longer operational history than the Schwab fund, which launched on 8 August 2013. Generally, a longer track record can provide more historical data for analysis, though it does not predict future performance. Both funds are now established investment vehicles with multiple years of performance history under their respective issuers.

How do the expense ratios of these funds compare, and what is the numerical difference?

The Schwab fund carries an expense ratio of 0.25%, while the Vanguard fund has a ratio of 0.03%. This creates a difference of 0.22 percentage points. Over time, this disparity can impact net returns, as fees are deducted from fund assets. The Vanguard fund is positioned as a lower-cost option. However, investors should consider the overall investment strategy alongside fees, as the Schwab fund's active-like approach may yield different results despite its higher expense ratio.

What types of investing goals are these funds typically associated with?

The Schwab fund is categorised as large value, often appealing to investors seeking exposure to companies considered undervalued relative to their fundamentals. The Vanguard fund, classified as large blend, is typically associated with investors seeking broad exposure to the leading US mega-cap companies. A large blend strategy encompasses both value and growth characteristics. Choosing between them depends on whether an investor prefers a value-focused approach or comprehensive market exposure across various investment styles.

How significant is the overlap in the top ten holdings between the two funds?

There is a notable degree of similarity in the leading positions of both portfolios, indicating shared exposure to certain mega-cap technology stocks. Specifically, AAPL, MSFT, GOOGL, AMZN, and GOOG are prominent holdings for both funds. The Schwab fund's top ten also features names like XOM, INTC, and CVX, while the Vanguard fund highlights NVDA, AVGO, and META. This overlap suggests that despite different strategies, the sheer size of top companies means they appear in many major US equity portfolios.

How does the weighting of shared holdings differ between the two funds?

Although both funds hold Apple and Microsoft, the allocation weights differ significantly due to their construction methods. In the Schwab fund, Apple holds 4.46% and Microsoft 2.61%, whereas in the Vanguard fund, these weights rise to 7.03% and 5.70% respectively. This reflects the S&P 500's market-cap weighting. Conversely, other companies may have higher weightings in one fund than the other, illustrating how the Schwab fund's fundamental weighting can deviate from standard market-cap benchmarks.

How do the dividend yields of these funds compare, and what does this imply?

The Schwab fund currently offers a dividend yield of 1.41%, which is higher than the Vanguard fund's yield of 1.03%. This difference of 0.38 percentage points often reflects the underlying portfolio composition, such as the inclusion of value-oriented companies like energy or industrial firms that traditionally pay higher dividends. While yield can be attractive for income-focused portfolios, investors must remember that the yield is a backward-looking calculation and is not guaranteed to remain constant.

What is the scale of these funds in terms of net assets?

The difference in size is substantial. The Vanguard fund is a giant among exchange-traded funds with net assets of 1.08 trillion dollars, reflecting widespread adoption. The Schwab fund is significantly smaller with net assets of 1.5 billion dollars. While both are large enough to be liquid, the massive scale of the Vanguard fund suggests it is a core holding for many institutional and retail portfolios, whereas the Schwab fund, while substantial, operates at a different scale.

What information is currently missing from the standard metrics for these funds?

When reviewing specific metrics, you will find that certain data points are currently not available for these funds. Both the index tracked and the sector weights are listed as not available. This absence of detailed sector breakdowns prevents a granular comparison of how each fund is positioned across industries like technology, healthcare, or financials. Investors should be aware that without this specific data, they cannot fully assess the sector risk concentration for either fund based solely on these metrics.

Is this comparison page a recommendation to buy one of these funds?

No, this page provides educational information only. It compares metrics like fees, assets, and holdings without assessing suitability for individual portfolios. The Schwab fund and Vanguard fund are two of thousands of ETFs available, each with distinct characteristics regarding category and inception dates. Investors should not view a comparison of yields or expense ratios as a financial tip or recommendation to invest. Please consult a qualified professional before making any financial decisions.

FNDB vs VOO

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

This page compares Schwab Fundamental U.S. Broad Market ETF (FNDB) and S&P 500 Vanguard ETF (VOO), covering fees, holdings, dividends, and how each fund tracks its market. FNDB carries a 0.25% expense ratio with a 1.41% dividend yield, while VOO has a 0.03% expense ratio and a 1.03% dividend yield. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

FNDB

Metric

VOO

0.25%

Expense Ratio

0.03%

1.41%

Dividend Yield

1.03%

$1.52B

Net Assets

$1.08T

1,625

Holdings

516

Aug 8, 2013

Inception Date

Sep 7, 2010

–

Index Tracked

–

Large Value

Fund Category

Large Blend

VOO costs about $22.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	FNDB	VOO
AAPLApple Inc.	4.46%	7.03%
MSFTMicrosoft Corporation	2.61%	5.70%
GOOGLAlphabet Inc.	1.71%	3.01%
AMZNAmazon.com, Inc.	1.63%	3.84%
GOOGAlphabet Inc.	1.36%	2.40%

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Investment Analysis

FNDB

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VOO

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About FNDB and VOO

FNDB (FNDB)

The Schwab Fundamental U.S. Broad Market ETF (FNDB) offers investors a way to access large-cap U.S. stocks using a fundamental indexing approach. Unlike traditional index funds that weight companies by market capitalisation, this ETF weights holdings based on fundamental measures such as revenue, cash flow, and earnings. This methodology aims to reduce exposure to overvalued stocks and increase exposure to undervalued ones, potentially enhancing long-term returns. With an expense ratio of 0.25% and net assets of USD 1.52 billion, FNDB provides a cost-effective and diversified investment vehicle. It holds 1,625 companies, offering broad market exposure with a value tilt. As with all investments, it is important to remember that the value of shares can fall as well as rise, and returns are not guaranteed.

VOO (VOO)

VOO is Vanguard’s exchange-traded fund designed to track the S&P 500 Index, offering broad exposure to about 500 of the largest publicly traded US companies. It aims to replicate the index’s performance minus fees by holding the same stocks in similar proportions, making it a straightforward, passive way to access large‑cap US equities. Investors commonly use VOO as a core holding for long‑term growth or as a simple building block in a diversified portfolio. It typically offers high liquidity and regular dividend distributions from underlying companies. As with any equity investment, VOO’s value can rise or fall with the market, and past performance is not a guide to future returns. Fees, trading costs and potential tracking error reduce returns slightly. This information is general and educational only and not personalised financial advice — consider your own circumstances or speak to a qualified adviser before investing.

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FNDB vs VOO

Fund Snapshot