AVEM vs VWO: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · as of 2026-05-31
VWOVanguard Emerging Markets Stock Index Fund
Vanguard · 5015 holdings · $124.9B · as of 2026-04-30
Holdings snapshots are 31 days apart (AVEM: 2026-05-31, VWO: 2026-04-30). 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 VWO?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; Vanguard Emerging Markets Stock Index Fund (VWO, by Vanguard) holds 5015. They have 1996 holdings in common, and by portfolio weight the two funds are 44.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 44.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1996AVEM holds 3893 · VWO holds 5015
- Weight in Shared Holdings
- AVEM 60%·VWO 75%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
1897 of 3893 positions (39.5% of the fund) are not held by VWO. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVEM | VWO |
|---|---|---|
| Information Technology | 33.8% | 23.7% |
| Financials | 10.7% | 12.6% |
| Consumer Discretionary | 5.1% | 7.0% |
| Communication Services | 3.1% | 5.7% |
| Materials | 3.7% | 3.4% |
| Other Sectors | 7.0% | 9.5% |
| Unclassified | 36.5% | 37.4% |
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, 38% of VWO).
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% |
| VWO | +2.7% | +12.6% | +22.3% | +16.6% | +6.6% | +7.9% | 2.29% |
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 VWO →
Shared Holdings(1996)
The top 10 shared positions account for 25% of the overlap, led by TSMWF, 700 and 2454.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 4.11% | 14.61% | 4.11% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 1.51% | 3.26% | 1.51% |
 2454MediaTek Inc | 1.11% | 1.06% | 1.06% |
 C6TChina Construction Bank Corp | 0.88% | 0.85% | 0.85% |
 2308Delta Electronics Inc | 0.77% | 1.17% | 0.77% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.76% | 0.74% | 0.74% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.70% | 0.66% | 0.66% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.49% | 0.46% | 0.46% |
 HDFCBHDFC Bank Ltd | 0.45% | 0.80% | 0.45% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.45% | 0.62% | 0.45% |
 AUAnglogold Ashanti PLC COM SHS | 0.52% | 0.40% | 0.40% |
 W8VBank of China Ltd | 0.49% | 0.38% | 0.38% |
 3037Unimicron Technology Corp | 0.52% | 0.33% | 0.33% |
 ARAMCSARSaudi Arabian Oil Co | 0.29% | 0.38% | 0.29% |
 PC6PetroChina Co Ltd | 0.30% | 0.28% | 0.28% |
 GFNORTEOGrupo Financiero Banorte SAB de CV | 0.29% | 0.27% | 0.27% |
 2891CTBC Financial Holding Co Ltd | 0.39% | 0.25% | 0.25% |
 AVMPFAsia Vital Components Co Ltd | 0.25% | 0.26% | 0.25% |
 LTLarsen & Toubro Ltd | 0.25% | 0.25% | 0.25% |
 OTPOTP Bank Nyrt | 0.24% | 0.27% | 0.24% |
 FJZZijin Mining Group Co Ltd | 0.27% | 0.24% | 0.24% |
 CHLChina Life Insurance Co Ltd | 0.35% | 0.24% | 0.24% |
 RJHISARAl Rajhi Bank | 0.23% | 0.47% | 0.23% |
 MMMahindra & Mahindra Ltd | 0.23% | 0.26% | 0.23% |
 2360Chroma ATE Inc | 0.81% | 0.22% | 0.22% |
Showing the top 250 of 1996 shared holdings by overlap weight.
Frequently Asked Questions
How much do AVEM and VWO overlap?
AVEM and VWO overlap by 44.2% of portfolio weight. They share 1996 holdings (AVEM holds 3893 positions and VWO holds 5015), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and VWO?
The two portfolios are 44.2% 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 VWO?
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 VWO doesn't?
1897 positions (39.5% of AVEM) are unique to AVEM, led by 000660, TSM and SMSNRUB. In the other direction, 3019 positions (24.1% of VWO) are unique to VWO.