INDA vs FNDE overlap
INDA and FNDE overlap 8.4% by weight, across 42 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | INDA | FNDE | Overlap |
|---|---|---|---|
| Reliance IndustrRELIANC | 6.23% | 0.80% | 0.80% |
| Infosys Ltd.INFO | 2.92% | 0.45% | 0.45% |
| HDFC Bank Ltd.HDFCB | 6.15% | 0.44% | 0.44% |
| Icici Bank Ltd.ICICIBC | 4.68% | 0.42% | 0.42% |
| Hindalco INDSHNDL | 1.15% | 0.41% | 0.41% |
| TATA Steel Ltd.TATA | 1.18% | 0.40% | 0.40% |
| Oil & Natural GAONGC | 0.63% | 0.34% | 0.34% |
| State Bank INDSBIN | 1.34% | 0.30% | 0.30% |
| NTPC Ltd.NTPC | 1.28% | 0.28% | 0.28% |
| Larsen & ToubroLT | 2.13% | 0.28% | 0.28% |
| AXIS Bank Ltd.AXSB | 2.23% | 0.27% | 0.27% |
| Bharti AirtelBHARTI | 3.63% | 0.25% | 0.25% |
| Bharat PetrolBPCL | 0.35% | 0.24% | 0.24% |
| TATA ConsultancyTCS | 1.54% | 0.22% | 0.22% |
| ITC Ltd.ITC | 0.65% | 0.22% | 0.22% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: INDA, SEC Form N-PORT, May 31, 2026; FNDE, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | INDA | FNDE |
|---|---|---|
| BlackRock, Inc. | $907.5M | $1.7M |
| FMR LLC | $43.2M | $584.2M |
| Morgan Stanley | $354.0M | $160.2M |
| Goldman Sachs Group Inc. | $234.8M | $13.7M |
| Bank of America Corp. | $106.3M | $116.0M |
| UBS Group AG | $170.3M | $26.5M |
| JPMorgan Chase & Co | $164.4M | $5.9M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $124.5M | $85K |
| Wells Fargo & Company | $52.5M | $44.8M |
| Royal Bank of Canada | $83.0M | $8.7M |
| Raymond James Financial Inc. | $36.9M | $38.5M |
| Bank of New York Mellon Corp | $72.4M | $1.3M |
| LPL Financial LLC | $32.7M | $32.7M |
| Envestnet Asset Management Inc. | $5.6M | $55.5M |
| Osaic Holdings, Inc. | $8.4M | $42.6M |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: INDA institutional holders, FNDE institutional holders.
Frequently asked questions
How much do INDA and FNDE overlap?
8.4% by weight, with 42 holdings in common, using holdings for INDA as of May 31, 2026 and FNDE as of May 31, 2026. The largest shared position is RELIANC.
Do institutions hold both INDA and FNDE?
167 Form 13F filers report positions in both, out of 866 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.