FNDX vs RWL: holdings overlap, shared companies and scores
As of September 11, 2026, FNDX and RWL overlap 69.5% by weight. Schwab Fundamental U.S. Large Company ETF (FNDX): U.S. large companies by fundamentals. Invesco S&P 500 Revenue ETF (RWL): Large-cap revenue-weight index.
Updated September 11, 2026
How much do FNDX and RWL overlap?
As of September 11, 2026, FNDX and RWL overlap 69.5% by weight.
91% of FNDX is already inside RWL.
98% of RWL is already inside FNDX.
FNDX holds 726 companies and RWL holds 501; 458 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FNDX and RWL?
As of September 11, 2026, ETF Copilot scores FNDX 5.0 out of 10 and RWL 4.3 out of 10.
They differ most on Risk: FNDX 8.0 and RWL 6.1.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FNDX | RWL |
|---|---|---|
| Growth | 1.9 | 1.5 |
| Valuation | 1.7 | 1.6 |
| Risk | 8.0 | 6.1 |
| Quality | 5.3 | 4.4 |
| Return | 8.0 | 7.8 |
FNDX is the cheaper of the two at 0.25% a year
As of September 11, 2026, FNDX charges 0.25% a year, yields 1.94% and holds $27.6B in assets across 726 positions.
As of September 11, 2026, RWL charges 0.39% a year, yields 1.74% and holds $10.0B in assets across 501 positions.
| Measure | FNDX | RWL |
|---|---|---|
| Expense ratio | 0.25% | 0.39% |
| Dividend yield | 1.94% | 1.74% |
| Assets under management | $27.6B | $10.0B |
| Holdings | 726 | 501 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where FNDX and RWL trade against their own history
FNDX trades at 19.7 times earnings, against its own median of 17.0, and is more expensive than 88% of its own 114 monthly readings since 2017.
RWL trades at 20.1 times earnings, against its own median of 17.1, and is more expensive than 89% of its own 114 monthly readings since 2017.
What moved FNDX and RWL this week
FNDX fell 1.0% in the week to September 11, 2026. The holdings that moved it most were UnitedHealth (−5.4%), Microsoft (−2.8%) and Amgen (−15.0%); Intel (+12.3%) pushed the other way.
RWL fell 1.5% in the week to September 11, 2026. The holdings that moved it most were UnitedHealth (−5.4%), McKesson (−4.3%) and Cencora (−4.6%); Dell Technologies (+10.2%) pushed the other way.
What do FNDX and RWL each hold?
What's inside FNDX: Tech 24%, Magnificent 7 15%.
21% of FNDX is its ten largest holdings.
What's inside RWL: Tech 17%, Magnificent 7 13%.
23% of RWL is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “FNDX vs RWL holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/fndx-vs-rwl
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