DEM vs EWZ: Holdings Overlap
DEMWisdomTree Emerging Markets High Dividend Fund
WisdomTree · 533 holdings · $3.9B · as of 2026-03-31
iShares · 47 holdings · $9.2B · as of 2026-05-31
Holdings snapshots are 61 days apart (DEM: 2026-03-31, EWZ: 2026-05-31). 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 DEM and EWZ?
WisdomTree Emerging Markets High Dividend Fund (DEM, by WisdomTree) holds 533 positions; iShares MSCI Brazil ETF (EWZ, by iShares) holds 47. They have 14 holdings in common, and by portfolio weight the two funds are 4.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 14DEM holds 533 · EWZ holds 47
- Weight in Shared Holdings
- DEM 5%·EWZ 16%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 DEM
519 of 533 positions (94.7% of the fund) are not held by EWZ. Showing the top 30 by weight.
Only in EWZ
33 of 47 positions (83.4% of the fund) are not held by DEM. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DEM | +2.5% | +19.2% | +24.0% | +17.6% | +10.5% | +9.2% | 4.10% |
| EWZ | +2.0% | +12.3% | +31.6% | +9.6% | +6.8% | +5.7% | 4.14% |
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 DEM vs EWZ →
Shared Holdings(14)
The top 10 shared positions account for 91% of the overlap, led by ABEV3, AXIA3 and RENT3.
 ABEV3Ambev S.A. COM NPV | 1.01% | 3.19% | 1.01% |
|---|---|---|---|
 AXIA3Centrais Elet Bras Sa Eletrobras COM NPV | 0.71% | 2.64% | 0.71% |
 RENT3Localiza Rent a Car SA COM NPV 144A/REG | 0.40% | 1.65% | 0.40% |
 TIMS3Tim S A COM NPV | 0.37% | 0.84% | 0.37% |
 VBBR3Vibra Energia SA COM NPV | 0.36% | 1.40% | 0.36% |
 MBRF3Marfrig Global Foods SA COM NPV | 0.54% | 0.32% | 0.32% |
 CPFE3CPFL Energia SA COM NPV | 0.28% | 0.50% | 0.28% |
 KLBN11Klabin S.A. UNITS (1 COM & 4 PRF) | 0.27% | 0.62% | 0.27% |
 ENGI11Energisa S.A. UNITS (1 COM & 4 PRF) | 0.25% | 0.69% | 0.25% |
 CPLE3Companhia Paranaense de Energia - COPEL COM NPV | 0.23% | 0.75% | 0.23% |
 RAIL3Rumo SA COM NPV | 0.22% | 0.78% | 0.22% |
 EGIE3Engie Brasil Energia SA COM NPV | 0.14% | 0.48% | 0.14% |
 BBSE3BB Seguridade Participacoes SA COM NPV | 0.03% | 1.07% | 0.03% |
 BBDC3Banco Bradesco SA COM NPV | 0.02% | 0.59% | 0.02% |
Frequently Asked Questions
How much do DEM and EWZ overlap?
DEM and EWZ overlap by 4.6% of portfolio weight. They share 14 holdings (DEM holds 533 positions and EWZ holds 47), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DEM and EWZ?
The two portfolios are 4.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DEM and EWZ?
The largest positions held by both funds are ABEV3, AXIA3, RENT3, TIMS3 and VBBR3. Together the top 10 shared positions account for 91% of the total overlap.
What does DEM own that EWZ doesn't?
519 positions (94.7% of DEM) are unique to DEM, led by C6T, ICK and 2454. In the other direction, 33 positions (83.4% of EWZ) are unique to EWZ.