EMB vs VWOB: Holdings Overlap
EMBiShares J.P. Morgan USD Emerging Markets Bond ETF
iShares · 675 holdings · $14.7B · as of 2026-04-30
VWOBVanguard Emerging Markets Government Bond Index Fund
Vanguard · 914 holdings · $6.2B · as of 2026-04-30
How similar are EMB and VWOB?
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB, by iShares) holds 675 positions; Vanguard Emerging Markets Government Bond Index Fund (VWOB, by Vanguard) holds 914. They have 580 holdings in common, and by portfolio weight the two funds are 61.2% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 61.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 580EMB holds 675 · VWOB holds 914
- Weight in Shared Holdings
- EMB 90%·VWOB 74%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
95 of 675 positions (8.0% of the fund) are not held by VWOB. Showing the top 30 by weight.
- Ecuador Government International Bond0.26%
- China Life Insurance Overseas Co Ltd/Hong Kong0.25%
- Republic of Kenya Government International Bond0.17%
- Bahrain Government International Bond0.17%
- Latvia Government International Bond0.17%
- Ivory Coast Government International Bond0.17%
Only in VWOB
334 of 914 positions (23.9% of the fund) are not held by EMB. Showing the top 30 by weight.
- Eagle Funding Luxco Sarl0.49%
- State of Qatar0.41%
- State of Qatar0.39%
- Provincia de Buenos Aires0.33%
- State of Qatar0.32%
- State of Qatar0.30%
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% |
| VWOB | -0.2% | +1.6% | +6.6% | +8.7% | +2.0% | +3.1% | 5.84% |
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 VWOB →
Shared Holdings(580)
The top 10 shared positions account for 8% of the overlap, led by Argentina Republic Government International Bonds, Argentina Republic Government International Bonds and Argentina Republic Government International Bonds.
| Argentina Republic Government International Bonds | 1.10% | 1.14% | 1.10% |
|---|---|---|---|
| Argentina Republic Government International Bonds | 0.71% | 0.75% | 0.71% |
| Argentina Republic Government International Bonds | 0.63% | 0.66% | 0.63% |
| Argentina Republic Government International Bonds | 0.52% | 0.54% | 0.52% |
| Eagle Funding Luxco Sarl | 0.50% | 0.42% | 0.42% |
| Ecuador Government International Bonds | 0.77% | 0.41% | 0.41% |
| Brazil Government International Bonds | 0.37% | 0.35% | 0.35% |
| Petroleos Mexicanos | 0.31% | 0.56% | 0.31% |
| Petroleos Mexicanos | 0.29% | 0.52% | 0.29% |
| Uruguay Government International Bonds | 0.51% | 0.27% | 0.27% |
| Brazilian Government International Bond | 0.28% | 0.27% | 0.27% |
| Brazilian Government International Bond | 0.28% | 0.26% | 0.26% |
| Republic of Poland Government International Bonds | 0.39% | 0.25% | 0.25% |
| Brazil Government International Bonds | 0.27% | 0.25% | 0.25% |
| Saudi Government International Bonds | 0.23% | 0.40% | 0.23% |
| Brazil Government International Bonds | 0.23% | 0.23% | 0.23% |
| Republic of Poland Government International Bonds | 0.36% | 0.22% | 0.22% |
| Oman Government International Bonds | 0.42% | 0.22% | 0.22% |
| Turkiye Government International Bonds | 0.22% | 0.28% | 0.22% |
| Dominican Republic International Bond | 0.34% | 0.21% | 0.21% |
| Republic of Poland Government International Bonds | 0.32% | 0.21% | 0.21% |
| Republic of Poland Government International Bonds | 0.33% | 0.21% | 0.21% |
| Dominican Republic International Bonds | 0.33% | 0.21% | 0.21% |
| Saudi Government International Bond | 0.21% | 0.37% | 0.21% |
| Saudi Government International Bonds | 0.21% | 0.36% | 0.21% |
Showing the top 250 of 580 shared holdings by overlap weight.
Frequently Asked Questions
How much do EMB and VWOB overlap?
EMB and VWOB overlap by 61.2% of portfolio weight. They share 580 holdings (EMB holds 675 positions and VWOB holds 914), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMB and VWOB?
The two portfolios are 61.2% 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 EMB and VWOB?
The largest positions held by both funds are Argentina Republic Government International Bonds, Argentina Republic Government International Bonds, Argentina Republic Government International Bonds, Argentina Republic Government International Bonds and Eagle Funding Luxco Sarl. Together the top 10 shared positions account for 8% of the total overlap.
What does EMB own that VWOB doesn't?
95 positions (8.0% of EMB) are unique to EMB, led by Ecuador Government International Bond, China Life Insurance Overseas Co Ltd/Hong Kong and Republic of Kenya Government International Bond. In the other direction, 334 positions (23.9% of VWOB) are unique to VWOB.