EEM vs SPEM: Holdings Overlap
EEMiShares MSCI Emerging Markets ETF
iShares · 1246 holdings · $30.2B · 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 (EEM: 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 EEM and SPEM?
iShares MSCI Emerging Markets ETF (EEM, by iShares) holds 1246 positions; State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776. They have 743 holdings in common, and by portfolio weight the two funds are 62.0% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 62.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 743EEM holds 1246 · SPEM holds 2776
- Weight in Shared Holdings
- EEM 66%·SPEM 80%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
503 of 1246 positions (33.7% of the fund) are not held by SPEM. Showing the top 30 by weight.
Sector Breakdown
| Sector | EEM | SPEM |
|---|---|---|
| Information Technology | 41.0% | 25.3% |
| Financials | 12.6% | 15.1% |
| Consumer Discretionary | 6.8% | 7.0% |
| Communication Services | 5.3% | 5.4% |
| Materials | 3.3% | 3.8% |
| Other Sectors | 9.3% | 8.7% |
| Unclassified | 21.6% | 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 (22% of EEM, 40% of SPEM).
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% |
| 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 EEM vs SPEM →
Shared Holdings(743)
The top 10 shared positions account for 40% of the overlap, led by TSMWF, 700 and 9988.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 14.26% | 14.02% | 14.02% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 2.71% | 3.01% | 2.71% |
 9988Alibaba Group Holding Ltd | 2.08% | 2.36% | 2.08% |
 2454MediaTek Inc | 1.62% | 1.64% | 1.62% |
 2308Delta Electronics Inc | 1.17% | 0.95% | 0.95% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.90% | 0.96% | 0.90% |
 C6TChina Construction Bank Corp | 0.81% | 0.88% | 0.81% |
 HDFCBHDFC Bank Ltd | 0.70% | 0.75% | 0.70% |
 3711ASE Technology Holding Co Ltd | 0.50% | 0.70% | 0.50% |
 1810Xiaomi Corp | 0.48% | 0.47% | 0.47% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.47% | 0.54% | 0.47% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.43% | 0.55% | 0.43% |
 RJHISARAl Rajhi Bank | 0.41% | 0.44% | 0.41% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.40% | 0.40% | 0.40% |
 BHARTIBharti Airtel Ltd | 0.39% | 0.55% | 0.39% |
 2383Elite Material Co Ltd | 0.39% | 0.38% | 0.38% |
 3690Meituan, B Shares | 0.38% | 0.48% | 0.38% |
 W8VBank of China Ltd | 0.37% | 0.43% | 0.37% |
 NUNU Holdings Ltd/Cayman Islands | 0.35% | 0.38% | 0.35% |
 3037Unimicron Technology Corp | 0.35% | 0.44% | 0.35% |
 9999NetEase Inc | 0.33% | 0.41% | 0.33% |
 1211RUBBYD Co Ltd | 0.33% | 0.33% | 0.33% |
 NPNNaspers Ltd | 0.32% | 0.40% | 0.32% |
 GMEXICOBGrupo Mexico SAB de CV | 0.30% | 0.37% | 0.30% |
 ARAMCSARSaudi Arabian Oil Co | 0.35% | 0.28% | 0.28% |
Showing the top 250 of 743 shared holdings by overlap weight.
Frequently Asked Questions
How much do EEM and SPEM overlap?
EEM and SPEM overlap by 62.0% of portfolio weight. They share 743 holdings (EEM holds 1246 positions and SPEM holds 2776), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EEM and SPEM?
The two portfolios are 62.0% 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 SPEM?
The largest positions held by both funds are TSMWF, 700, 9988, 2454 and 2308. Together the top 10 shared positions account for 40% of the total overlap.
What does EEM own that SPEM doesn't?
503 positions (33.7% of EEM) are unique to EEM, led by 005930, 000660 and 005935. In the other direction, 2033 positions (28.9% of SPEM) are unique to SPEM.