AVEM vs SPEM: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · as of 2026-05-31
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
Holdings snapshots are 67 days apart (AVEM: 2026-05-31, SPEM: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are AVEM and SPEM?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776. They have 1286 holdings in common, and by portfolio weight the two funds are 43.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 43.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1286AVEM holds 3893 · SPEM holds 2776
- Weight in Shared Holdings
- AVEM 54%·SPEM 83%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
2607 of 3893 positions (45.7% of the fund) are not held by SPEM. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVEM | SPEM |
|---|---|---|
| Information Technology | 33.8% | 25.3% |
| Financials | 10.7% | 15.1% |
| Consumer Discretionary | 5.1% | 7.0% |
| Communication Services | 3.1% | 5.4% |
| Materials | 3.7% | 3.8% |
| Other Sectors | 7.0% | 8.7% |
| Unclassified | 36.5% | 43.5% |
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, 40% of SPEM).
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% |
| SPEM | +2.8% | +13.1% | +22.8% | +17.3% | +7.2% | +8.6% | 2.48% |
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 SPEM →
Shared Holdings(1286)
The top 10 shared positions account for 25% of the overlap, led by TSMWF, 700 and 2454.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 4.11% | 14.02% | 4.11% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 1.51% | 3.01% | 1.51% |
 2454MediaTek Inc | 1.11% | 1.64% | 1.11% |
 C6TChina Construction Bank Corp | 0.88% | 0.88% | 0.88% |
 2308Delta Electronics Inc | 0.77% | 0.95% | 0.77% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.76% | 0.96% | 0.76% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.70% | 0.54% | 0.54% |
 RLIReliance Industries Ltd | 0.46% | 0.80% | 0.46% |
 HDFCBHDFC Bank Ltd | 0.45% | 0.75% | 0.45% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.45% | 0.55% | 0.45% |
 3037Unimicron Technology Corp | 0.52% | 0.44% | 0.44% |
 W8VBank of China Ltd | 0.49% | 0.43% | 0.43% |
 IBNICICI Bank Ltd | 0.43% | 0.74% | 0.43% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.49% | 0.40% | 0.40% |
 2891CTBC Financial Holding Co Ltd | 0.39% | 0.50% | 0.39% |
 VALEVale SA | 0.50% | 0.38% | 0.38% |
 FUISFFubon Financial Holding Co Ltd | 0.34% | 0.39% | 0.34% |
 2882Cathay Financial Holding Co Ltd | 0.32% | 0.31% | 0.31% |
 ARAMCSARSaudi Arabian Oil Co | 0.29% | 0.28% | 0.28% |
 INFYInfosys Ltd. SPONSORED ADR | 0.28% | 0.39% | 0.28% |
 CHLChina Life Insurance Co Ltd | 0.35% | 0.28% | 0.28% |
 FJZZijin Mining Group Co Ltd | 0.27% | 0.32% | 0.27% |
 PBR-APetroleo Brasileiro SA - Petrobras | 0.34% | 0.27% | 0.27% |
 PBRPetroleo Brasileiro SA - Petrobras | 0.31% | 0.25% | 0.25% |
 GFNORTEOGrupo Financiero Banorte SAB de CV | 0.29% | 0.25% | 0.25% |
Showing the top 250 of 1286 shared holdings by overlap weight.
Frequently Asked Questions
How much do AVEM and SPEM overlap?
AVEM and SPEM overlap by 43.3% of portfolio weight. They share 1286 holdings (AVEM holds 3893 positions and SPEM holds 2776), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and SPEM?
The two portfolios are 43.3% 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 SPEM?
The largest positions held by both funds are TSMWF, 700, 2454, C6T and 2308. Together the top 10 shared positions account for 25% of the total overlap.
What does AVEM own that SPEM doesn't?
2607 positions (45.7% of AVEM) are unique to AVEM, led by 000660, TSM and SMSNRUB. In the other direction, 1490 positions (25.7% of SPEM) are unique to SPEM.