EEM vs SCHE: Holdings Overlap
EEMiShares MSCI Emerging Markets ETF
iShares · 1246 holdings · $30.2B · as of 2026-05-31
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
How similar are EEM and SCHE?
iShares MSCI Emerging Markets ETF (EEM, by iShares) holds 1246 positions; Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180. They have 1080 holdings in common, and by portfolio weight the two funds are 73.8% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 73.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1080EEM holds 1246 · SCHE holds 2180
- Weight in Shared Holdings
- EEM 74%·SCHE 90%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 EEM
166 of 1246 positions (26.0% of the fund) are not held by SCHE. Showing the top 30 by weight.
Sector Breakdown
| Sector | EEM | SCHE |
|---|---|---|
| Information Technology | 41.0% | 29.1% |
| Financials | 12.6% | 13.4% |
| Consumer Discretionary | 6.8% | 7.0% |
| Communication Services | 5.3% | 5.9% |
| Materials | 3.3% | 3.7% |
| Other Sectors | 9.3% | 9.7% |
| Unclassified | 21.6% | 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 (22% of EEM, 31% of SCHE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EEM | -0.1% | +20.6% | +35.3% | +20.3% | +7.3% | +8.4% | 1.70% |
| 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 EEM vs SCHE →
Shared Holdings(1080)
The top 10 shared positions account for 35% of the overlap, led by TSMWF, 700 and 9988.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 14.26% | 17.06% | 14.26% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 2.71% | 3.15% | 2.71% |
 9988Alibaba Group Holding Ltd | 2.08% | 2.57% | 2.08% |
 2454MediaTek Inc | 1.62% | 1.88% | 1.62% |
 2308Delta Electronics Inc | 1.17% | 1.40% | 1.17% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.90% | 1.04% | 0.90% |
 C6TChina Construction Bank Corp | 0.81% | 0.88% | 0.81% |
 HDFCBHDFC Bank Ltd | 0.70% | 0.83% | 0.70% |
 RELIANCEReliance Industries Ltd | 0.66% | 0.88% | 0.66% |
 ICICIBCICICI Bank Ltd | 0.55% | 0.65% | 0.55% |
 3711ASE Technology Holding Co Ltd | 0.50% | 0.59% | 0.50% |
 1810Xiaomi Corp | 0.48% | 0.57% | 0.48% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.47% | 0.60% | 0.47% |
 VALE3Vale SA | 0.46% | 0.55% | 0.46% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.43% | 0.63% | 0.43% |
 RJHISARAl Rajhi Bank | 0.41% | 0.49% | 0.41% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.40% | 0.46% | 0.40% |
 2303United Microelectronics Corp | 0.40% | 0.50% | 0.40% |
 2383Elite Material Co Ltd | 0.39% | 0.44% | 0.39% |
 BHARTIBharti Airtel Ltd | 0.39% | 0.54% | 0.39% |
 3690Meituan, B Shares | 0.38% | 0.46% | 0.38% |
 AUAnglogold Ashanti PLC COM SHS | 0.38% | 0.45% | 0.38% |
 W8VBank of China Ltd | 0.37% | 0.42% | 0.37% |
 ARAMCSARSaudi Arabian Oil Co | 0.35% | 0.41% | 0.35% |
 3037Unimicron Technology Corp | 0.35% | 0.42% | 0.35% |
Showing the top 250 of 1080 shared holdings by overlap weight.
Frequently Asked Questions
How much do EEM and SCHE overlap?
EEM and SCHE overlap by 73.8% of portfolio weight. They share 1080 holdings (EEM holds 1246 positions and SCHE holds 2180), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EEM and SCHE?
The two portfolios are 73.8% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of EEM and SCHE?
The largest positions held by both funds are TSMWF, 700, 9988, 2454 and 2308. Together the top 10 shared positions account for 35% of the total overlap.
What does EEM own that SCHE doesn't?
166 positions (26.0% of EEM) are unique to EEM, led by 005930, 000660 and 005935. In the other direction, 1100 positions (9.5% of SCHE) are unique to SCHE.