EEM vs VWO: Holdings Overlap
EEMiShares MSCI Emerging Markets ETF
iShares · 1246 holdings · $30.2B · 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 (EEM: 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 EEM and VWO?
iShares MSCI Emerging Markets ETF (EEM, by iShares) holds 1246 positions; Vanguard Emerging Markets Stock Index Fund (VWO, by Vanguard) holds 5015. They have 1072 holdings in common, and by portfolio weight the two funds are 71.0% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 71.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1072EEM holds 1246 · VWO holds 5015
- Weight in Shared Holdings
- EEM 73%·VWO 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
174 of 1246 positions (26.7% of the fund) are not held by VWO. Showing the top 30 by weight.
Sector Breakdown
| Sector | EEM | VWO |
|---|---|---|
| Information Technology | 41.0% | 23.7% |
| Financials | 12.6% | 12.6% |
| Consumer Discretionary | 6.8% | 7.0% |
| Communication Services | 5.3% | 5.7% |
| Materials | 3.3% | 3.4% |
| Other Sectors | 9.3% | 9.5% |
| Unclassified | 21.6% | 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 (22% of EEM, 38% of VWO).
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% |
| 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 EEM vs VWO →
Shared Holdings(1072)
The top 10 shared positions account for 35% of the overlap, led by TSMWF, 700 and 9988.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 14.26% | 14.61% | 14.26% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 2.71% | 3.26% | 2.71% |
 9988Alibaba Group Holding Ltd | 2.08% | 2.55% | 2.08% |
 2308Delta Electronics Inc | 1.17% | 1.17% | 1.17% |
 2454MediaTek Inc | 1.62% | 1.06% | 1.06% |
 C6TChina Construction Bank Corp | 0.81% | 0.85% | 0.81% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.90% | 0.74% | 0.74% |
 HDFCBHDFC Bank Ltd | 0.70% | 0.80% | 0.70% |
 RELIANCEReliance Industries Ltd | 0.66% | 0.90% | 0.66% |
 ICICIBCICICI Bank Ltd | 0.55% | 0.61% | 0.55% |
 1810Xiaomi Corp | 0.48% | 0.56% | 0.48% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.47% | 0.66% | 0.47% |
 VALE3Vale SA | 0.46% | 0.51% | 0.46% |
 3711ASE Technology Holding Co Ltd | 0.50% | 0.44% | 0.44% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.43% | 0.62% | 0.43% |
 RJHISARAl Rajhi Bank | 0.41% | 0.47% | 0.41% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.40% | 0.46% | 0.40% |
 BHARTIBharti Airtel Ltd | 0.39% | 0.51% | 0.39% |
 3690Meituan, B Shares | 0.38% | 0.50% | 0.38% |
 AUAnglogold Ashanti PLC COM SHS | 0.38% | 0.40% | 0.38% |
 W8VBank of China Ltd | 0.37% | 0.38% | 0.37% |
 2383Elite Material Co Ltd | 0.39% | 0.37% | 0.37% |
 ARAMCSARSaudi Arabian Oil Co | 0.35% | 0.38% | 0.35% |
 ITUB4Itau Unibanco Holding SA | 0.34% | 0.35% | 0.34% |
 1211RUBBYD Co Ltd | 0.33% | 0.42% | 0.33% |
Showing the top 250 of 1072 shared holdings by overlap weight.
Frequently Asked Questions
How much do EEM and VWO overlap?
EEM and VWO overlap by 71.0% of portfolio weight. They share 1072 holdings (EEM holds 1246 positions and VWO holds 5015), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EEM and VWO?
The two portfolios are 71.0% 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 VWO?
The largest positions held by both funds are TSMWF, 700, 9988, 2308 and 2454. Together the top 10 shared positions account for 35% of the total overlap.
What does EEM own that VWO doesn't?
174 positions (26.7% of EEM) are unique to EEM, led by 005930, 000660 and 005935. In the other direction, 3943 positions (19.0% of VWO) are unique to VWO.