EMB vs BIV: Holdings Overlap
EMBiShares J.P. Morgan USD Emerging Markets Bond ETF
iShares · 675 holdings · $14.7B · as of 2026-04-30
BIVVanguard Intermediate-term Bond Index Fund
Vanguard · 2340 holdings · $28.9B · as of 2026-03-31
Holdings snapshots are 30 days apart (EMB: 2026-04-30, BIV: 2026-03-31). 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 EMB and BIV?
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB, by iShares) holds 675 positions; Vanguard Intermediate-term Bond Index Fund (BIV, by Vanguard) holds 2340. They have 47 holdings in common, and by portfolio weight the two funds are 1.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 47EMB holds 675 · BIV holds 2340
- Weight in Shared Holdings
- EMB 7%·BIV 2%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 EMB
628 of 675 positions (90.9% of the fund) are not held by BIV. Showing the top 30 by weight.
- Argentina Republic Government International Bonds1.10%
- Ecuador Government International Bonds0.77%
- Argentina Republic Government International Bonds0.71%
- Argentina Republic Government International Bonds0.63%
- Ghana Government International Bonds0.52%
- Argentina Republic Government International Bonds0.52%
Only in BIV
2293 of 2340 positions (97.3% of the fund) are not held by EMB. Showing the top 30 by weight.
- U.S. Treasury Notes2.29%
- U.S. Treasury Notes2.20%
- U.S. Treasury Notes2.19%
- U.S. Treasury Notes2.18%
- U.S. Treasury Notes2.06%
- U.S. Treasury Notes2.06%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EMB | -0.3% | +2.0% | +7.3% | +9.0% | +1.8% | +2.9% | 5.12% |
| BIV | -0.2% | -0.3% | +2.0% | +4.6% | -0.1% | +1.7% | 4.31% |
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 EMB vs BIV →
Shared Holdings(47)
The top 10 shared positions account for 35% of the overlap, led by Mexico Government International Bond, Mexico Government International Bond and Mexico Government International Bond.
| Mexico Government International Bond | 0.17% | 0.07% | 0.07% |
|---|---|---|---|
| Mexico Government International Bond | 0.17% | 0.07% | 0.07% |
| Mexico Government International Bond | 0.13% | 0.06% | 0.06% |
| Republic of Poland Government International Bonds | 0.36% | 0.05% | 0.05% |
| Mexico Government International Bonds | 0.10% | 0.05% | 0.05% |
| Mexico Government International Bonds | 0.12% | 0.05% | 0.05% |
| Republic of Poland Government International Bonds | 0.33% | 0.05% | 0.05% |
| Mexico Government International Bonds | 0.11% | 0.05% | 0.05% |
| Panama Government International Bonds | 0.31% | 0.05% | 0.05% |
| Republic of Poland Government International Bonds | 0.30% | 0.05% | 0.05% |
| Uruguay Government International Bonds | 0.32% | 0.04% | 0.04% |
| Mexico Government International Bond | 0.10% | 0.04% | 0.04% |
| Peru Government International Bonds | 0.32% | 0.04% | 0.04% |
| Mexico Government International Bonds | 0.11% | 0.04% | 0.04% |
| Peru Government International Bonds | 0.24% | 0.04% | 0.04% |
| Panama Government International Bonds | 0.25% | 0.04% | 0.04% |
| Panama Government International Bonds | 0.24% | 0.04% | 0.04% |
| Peruvian Government International Bond | 0.20% | 0.04% | 0.04% |
| Mexico Government International Bonds | 0.09% | 0.03% | 0.03% |
| Chile Government International Bonds | 0.16% | 0.03% | 0.03% |
| Mexico Government International Bonds | 0.08% | 0.03% | 0.03% |
| Philippines Government International Bonds | 0.20% | 0.03% | 0.03% |
| Chile Government International Bonds | 0.13% | 0.03% | 0.03% |
| Indonesia Government International Bonds | 0.09% | 0.03% | 0.03% |
| Republic of Poland Government International Bonds | 0.19% | 0.03% | 0.03% |
Frequently Asked Questions
How much do EMB and BIV overlap?
EMB and BIV overlap by 1.5% of portfolio weight. They share 47 holdings (EMB holds 675 positions and BIV holds 2340), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMB and BIV?
The two portfolios are 1.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EMB and BIV?
The largest positions held by both funds are Mexico Government International Bond, Mexico Government International Bond, Mexico Government International Bond, Republic of Poland Government International Bonds and Mexico Government International Bonds. Together the top 10 shared positions account for 35% of the total overlap.
What does EMB own that BIV doesn't?
628 positions (90.9% of EMB) are unique to EMB, led by Argentina Republic Government International Bonds, Ecuador Government International Bonds and Argentina Republic Government International Bonds. In the other direction, 2293 positions (97.3% of BIV) are unique to BIV.