EEMV vs FNDE: Holdings Overlap
EEMViShares MSCI Emerging Markets Min Vol Factor ETF
iShares · 334 holdings · $3.5B · as of 2026-05-31
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
How similar are EEMV and FNDE?
iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV, by iShares) holds 334 positions; Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370. They have 90 holdings in common, and by portfolio weight the two funds are 21.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 21.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 90EEMV holds 334 · FNDE holds 370
- Weight in Shared Holdings
- EEMV 43%·FNDE 36%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 EEMV
244 of 334 positions (56.5% of the fund) are not held by FNDE. Showing the top 30 by weight.
Only in FNDE
280 of 370 positions (63.2% of the fund) are not held by EEMV. Showing the top 30 by weight.
Sector Breakdown
| Sector | EEMV | FNDE |
|---|---|---|
| Information Technology | 29.8% | 20.6% |
| Financials | 15.5% | 18.1% |
| Energy | 2.9% | 10.8% |
| Communication Services | 9.1% | 5.3% |
| Materials | 2.1% | 6.7% |
| Other Sectors | 16.6% | 11.0% |
| Unclassified | 23.2% | 27.1% |
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 (23% of EEMV, 27% of FNDE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EEMV | +1.1% | +16.2% | +20.0% | +13.2% | +6.2% | +5.9% | 2.20% |
| FNDE | +5.7% | +16.1% | +27.2% | +20.3% | +10.8% | +10.0% | 3.57% |
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 EEMV vs FNDE →
Shared Holdings(90)
The top 10 shared positions account for 42% of the overlap, led by TSMWF, W8V and ICK.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 1.66% | 6.48% | 1.66% |
|---|---|---|---|
 W8VBank of China Ltd | 1.35% | 1.19% | 1.19% |
 ICKIndustrial & Commercial Bank of China Ltd | 1.17% | 1.28% | 1.17% |
 2303United Microelectronics Corp | 1.69% | 1.15% | 1.15% |
 C6TChina Construction Bank Corp | 0.78% | 2.38% | 0.78% |
 2308Delta Electronics Inc | 2.60% | 0.77% | 0.77% |
 ARAMCSARSaudi Arabian Oil Co | 1.00% | 0.74% | 0.74% |
 3711ASE Technology Holding Co Ltd | 0.63% | 1.20% | 0.63% |
 AMXBAmerica Movil SAB de CV | 0.49% | 0.68% | 0.49% |
 PC6PetroChina Co Ltd | 0.47% | 1.25% | 0.47% |
 INFOInfosys Ltd | 0.63% | 0.45% | 0.45% |
 2327Yageo Corp | 0.43% | 0.44% | 0.43% |
 EK7Agricultural Bank of China Ltd | 0.95% | 0.42% | 0.42% |
 2454MediaTek Inc | 0.41% | 1.80% | 0.41% |
 IKFChina Shenhua Energy Co Ltd | 0.69% | 0.41% | 0.41% |
 RELIANCEReliance Industries Ltd | 0.37% | 0.80% | 0.37% |
 CHUChina Petroleum & Chemical Corp | 0.35% | 0.95% | 0.35% |
 HDFCBHDFC Bank Ltd | 0.32% | 0.44% | 0.32% |
 STCSARSaudi Telecom Co | 1.24% | 0.32% | 0.32% |
 ICICIBCICICI Bank Ltd | 0.26% | 0.42% | 0.26% |
 BHARTIBharti Airtel Ltd | 1.07% | 0.25% | 0.25% |
 GFIGold Fields Ltd | 0.26% | 0.25% | 0.25% |
 OTPOTP Bank Nyrt | 0.32% | 0.25% | 0.25% |
 D7CChina CITIC Bank Corp Ltd | 0.69% | 0.25% | 0.25% |
 2412Chunghwa Telecom Co Ltd | 1.22% | 0.25% | 0.25% |
Frequently Asked Questions
How much do EEMV and FNDE overlap?
EEMV and FNDE overlap by 21.8% of portfolio weight. They share 90 holdings (EEMV holds 334 positions and FNDE holds 370), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EEMV and FNDE?
The two portfolios are 21.8% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of EEMV and FNDE?
The largest positions held by both funds are TSMWF, W8V, ICK, 2303 and C6T. Together the top 10 shared positions account for 42% of the total overlap.
What does EEMV own that FNDE doesn't?
244 positions (56.5% of EEMV) are unique to EEMV, led by 000660, 009150 and 005930. In the other direction, 280 positions (63.2% of FNDE) are unique to FNDE.