AVEM vs SCHE: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · as of 2026-05-31
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
How similar are AVEM and SCHE?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180. They have 1026 holdings in common, and by portfolio weight the two funds are 42.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 42.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1026AVEM holds 3893 · SCHE holds 2180
- Weight in Shared Holdings
- AVEM 52%·SCHE 79%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 AVEM
2867 of 3893 positions (48.2% of the fund) are not held by SCHE. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVEM | SCHE |
|---|---|---|
| Information Technology | 33.8% | 29.1% |
| Financials | 10.7% | 13.4% |
| Consumer Discretionary | 5.1% | 7.0% |
| Communication Services | 3.1% | 5.9% |
| Materials | 3.7% | 3.7% |
| Other Sectors | 7.0% | 9.7% |
| Unclassified | 36.5% | 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 (37% of AVEM, 31% of SCHE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AVEM | -0.3% | +20.6% | +33.7% | +21.9% | +9.9% | — | 1.90% |
| 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 AVEM vs SCHE →
Shared Holdings(1026)
The top 10 shared positions account for 26% of the overlap, led by TSMWF, 700 and 2454.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 4.11% | 17.06% | 4.11% |
|---|---|---|---|
 700Tencent Holdings Ltd | 1.51% | 3.15% | 1.51% |
 2454MediaTek Inc | 1.11% | 1.88% | 1.11% |
 C6TChina Construction Bank Corp | 0.88% | 0.88% | 0.88% |
 2308Delta Electronics Inc | 0.77% | 1.40% | 0.77% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.76% | 1.04% | 0.76% |
 PDDPDD Holdings Inc | 0.70% | 0.60% | 0.60% |
 2303United Microelectronics Corp | 0.64% | 0.50% | 0.50% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.49% | 0.46% | 0.46% |
 AUAnglogold Ashanti Plc | 0.52% | 0.45% | 0.45% |
 HDFCBHDFC Bank Ltd | 0.45% | 0.83% | 0.45% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.45% | 0.63% | 0.45% |
 W8VBank of China Ltd | 0.49% | 0.42% | 0.42% |
 3037Unimicron Technology Corp | 0.52% | 0.42% | 0.42% |
 2891CTBC Financial Holding Co Ltd | 0.39% | 0.32% | 0.32% |
 ARAMCSARSaudi Arabian Oil Co | 0.29% | 0.41% | 0.29% |
 GFNORTEOGrupo Financiero Banorte SAB de CV | 0.29% | 0.28% | 0.28% |
 2360Chroma ATE Inc | 0.81% | 0.28% | 0.28% |
 FUISFFubon Financial Holding Co Ltd | 0.34% | 0.27% | 0.27% |
 PC6PetroChina Co Ltd | 0.30% | 0.27% | 0.27% |
 CHLChina Life Insurance Co Ltd | 0.35% | 0.26% | 0.26% |
 LTLarsen & Toubro Ltd | 0.25% | 0.27% | 0.25% |
 AVMPFAsia Vital Components Co Ltd | 0.25% | 0.26% | 0.25% |
 OTPOTP Bank Nyrt | 0.24% | 0.29% | 0.24% |
 2882Cathay Financial Holding Co Ltd | 0.32% | 0.24% | 0.24% |
Showing the top 250 of 1026 shared holdings by overlap weight.
Frequently Asked Questions
How much do AVEM and SCHE overlap?
AVEM and SCHE overlap by 42.8% of portfolio weight. They share 1026 holdings (AVEM holds 3893 positions and SCHE holds 2180), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and SCHE?
The two portfolios are 42.8% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of AVEM and SCHE?
The largest positions held by both funds are TSMWF, 700, 2454, C6T and 2308. Together the top 10 shared positions account for 26% of the total overlap.
What does AVEM own that SCHE doesn't?
2867 positions (48.2% of AVEM) are unique to AVEM, led by 000660, TSM and SMSNRUB. In the other direction, 1154 positions (20.4% of SCHE) are unique to SCHE.