ACWV vs SCHE: Holdings Overlap
ACWViShares MSCI Global Min Vol Factor ETF
iShares · 412 holdings · $3.4B · as of 2026-05-31
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
How similar are ACWV and SCHE?
iShares MSCI Global Min Vol Factor ETF (ACWV, by iShares) holds 412 positions; Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180. They have 136 holdings in common, and by portfolio weight the two funds are 13.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 136ACWV holds 412 · SCHE holds 2180
- Weight in Shared Holdings
- ACWV 20%·SCHE 37%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ACWV
276 of 412 positions (79.8% of the fund) are not held by SCHE. Showing the top 30 by weight.
Sector Breakdown
| Sector | ACWV | SCHE |
|---|---|---|
| Information Technology | 24.2% | 29.1% |
| Financials | 12.9% | 13.4% |
| Health Care | 12.5% | 1.0% |
| Communication Services | 11.5% | 5.9% |
| Consumer Staples | 9.6% | 1.8% |
| Other Sectors | 23.5% | 17.6% |
| Unclassified | 5.1% | 30.8% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (5% of ACWV, 31% of SCHE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ACWV | +3.3% | +7.6% | +9.5% | +11.3% | +6.1% | +7.4% | 1.87% |
| SCHE | +3.4% | +13.1% | +22.4% | +17.1% | +6.7% | +8.0% | 2.57% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ACWV vs SCHE →
Shared Holdings(136)
The top 10 shared positions account for 32% of the overlap, led by TSMWF, BHARTI and 2303.
 TSMWFTaiwan Semiconductor Manufacturing Co. Ltd. | 1.22% | 17.06% | 1.22% |
|---|---|---|---|
 BHARTIBharti Airtel Ltd. INR5 | 0.52% | 0.54% | 0.52% |
 2303United Microelectronics Corp. TWD10 | 1.08% | 0.50% | 0.50% |
 W8VBank of China Ltd | 0.73% | 0.42% | 0.42% |
 ARAMCSARSaudi Arabian Oil Company NPV | 0.39% | 0.41% | 0.39% |
 C6TChina Construction Bank Corp. 'H'CNY1 | 0.39% | 0.88% | 0.39% |
 ICKIndustrial & Commercial Bank of China Ltd. 'H'CNY1 | 0.30% | 0.63% | 0.30% |
 PC6PetroChina Co. Ltd., Class H | 0.29% | 0.27% | 0.27% |
 700Tencent Holdings Ltd. | 0.23% | 3.15% | 0.23% |
 TCSTata Consultancy Services Ltd. INR1 | 0.33% | 0.22% | 0.22% |
 EK7Agricultural Bank of China Ltd. 'H'CNY1 | 0.28% | 0.21% | 0.21% |
 STCSARSaudi Telecom Company SAR10 | 0.38% | 0.21% | 0.21% |
 IKFChina Shenhua Energy Co Ltd. 'H'CNY1 | 0.20% | 0.18% | 0.18% |
 600519Kweichow Moutai Co Ltd | 0.26% | 0.16% | 0.16% |
 ETISAAEDEmirates Telecommunications Group Co PJSC | 0.20% | 0.16% | 0.16% |
 MSILMaruti Suzuki India Ltd. INR5 | 0.16% | 0.17% | 0.16% |
 2412Chunghwa Telecom Co Ltd | 0.35% | 0.15% | 0.15% |
 300750Contemporary Amperex Technology Co Ltd | 0.15% | 0.18% | 0.15% |
 AMXBAmerica Movil SAB de CV | 0.15% | 0.19% | 0.15% |
 BBCABank Central Asia Tbk PT | 0.19% | 0.15% | 0.15% |
 2884E.Sun Financial Holding Co Ltd | 0.30% | 0.15% | 0.15% |
 5274ASPEED Technology Inc | 0.15% | 0.17% | 0.15% |
 SUNPSun Pharmaceutical Industries Ltd. INR1(DEMAT) | 0.14% | 0.19% | 0.14% |
 2886Mega Financial Holding Co Ltd | 0.15% | 0.14% | 0.14% |
 NBKKWDNational Bank of Kuwait SAKP | 0.14% | 0.22% | 0.14% |
Frequently Asked Questions
How much do ACWV and SCHE overlap?
ACWV and SCHE overlap by 13.8% of portfolio weight. They share 136 holdings (ACWV holds 412 positions and SCHE holds 2180), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ACWV and SCHE?
The two portfolios are 13.8% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of ACWV and SCHE?
The largest positions held by both funds are TSMWF, BHARTI, 2303, W8V and ARAMCSAR. Together the top 10 shared positions account for 32% of the total overlap.
What does ACWV own that SCHE doesn't?
276 positions (79.8% of ACWV) are unique to ACWV, led by CSCO, JNJ and DUK. In the other direction, 2044 positions (62.1% of SCHE) are unique to SCHE.