EMLC vs IAGG: Holdings Overlap
EMLCVanEck J.P. Morgan EM Local Currency Bond ETF
VanEck · 489 holdings · $4.8B · as of 2026-03-31
IAGGiShares Core International Aggregate Bond ETF
iShares · 7836 holdings · $11.4B · as of 2026-04-30
Holdings snapshots are 30 days apart (EMLC: 2026-03-31, IAGG: 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 EMLC and IAGG?
VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC, by VanEck) holds 489 positions; iShares Core International Aggregate Bond ETF (IAGG, by iShares) holds 7836. They have 226 holdings in common, and by portfolio weight the two funds are 7.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 226EMLC holds 489 · IAGG holds 7836
- Weight in Shared Holdings
- EMLC 49%·IAGG 13%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 EMLC
263 of 489 positions (49.3% of the fund) are not held by IAGG. Showing the top 30 by weight.
- Brazil Notas do Tesouro Nacional Serie F0.95%
- Republic of South Africa Government Bond0.76%
- Brazil Letras do Tesouro Nacional0.75%
- Turkiye Government Bond0.68%
- Colombian TES0.65%
- Brazil Notas do Tesouro Nacional Serie F0.65%
Only in IAGG
7610 of 7836 positions (87.6% of the fund) are not held by EMLC. Showing the top 30 by weight.
- China Government Bond0.70%
- China Development Bank0.52%
- China Development Bank0.47%
- Bundesobligation0.38%
- Bundesobligation0.35%
- China Development Bank0.34%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EMLC | +1.5% | +3.3% | +8.7% | +7.1% | +2.4% | +1.9% | 6.17% |
| IAGG | +0.2% | +1.5% | +2.1% | +4.8% | +0.9% | +2.0% | 4.50% |
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 EMLC vs IAGG →
Shared Holdings(226)
The top 10 shared positions account for 22% of the overlap, led by China Government Bond, China Government Bond and China Government Bond.
| China Government Bond | 0.20% | 0.26% | 0.20% |
|---|---|---|---|
| China Government Bond | 0.17% | 0.51% | 0.17% |
| China Government Bond | 0.16% | 0.49% | 0.16% |
| China Government Bond | 0.16% | 0.39% | 0.16% |
| Republic of Poland Government Bond | 0.38% | 0.16% | 0.16% |
| China Government Bond | 0.15% | 0.36% | 0.15% |
| China Government Bond | 0.15% | 0.15% | 0.15% |
| China Government Bond | 0.14% | 0.21% | 0.14% |
| China Government Bond | 0.13% | 0.30% | 0.13% |
| China Government Bond | 0.13% | 0.47% | 0.13% |
| Mexican Bonos | 0.62% | 0.12% | 0.12% |
| China Government Bond | 0.12% | 0.70% | 0.12% |
| China Government Bond | 0.11% | 0.45% | 0.11% |
| China Government Bond | 0.17% | 0.11% | 0.11% |
| China Government Bond | 0.10% | 0.10% | 0.10% |
| China Government Bond | 0.09% | 0.15% | 0.09% |
| China Government Bond | 0.09% | 0.54% | 0.09% |
| China Government Bond | 0.09% | 0.23% | 0.09% |
| Mexican Bonos | 0.64% | 0.09% | 0.09% |
| China Government Bond | 0.11% | 0.09% | 0.09% |
| China Government Bond | 0.08% | 0.15% | 0.08% |
| Republic of Poland Government Bond | 0.08% | 0.15% | 0.08% |
| China Government Bond | 0.07% | 0.28% | 0.07% |
| China Government Bond | 0.07% | 0.16% | 0.07% |
| China Government Bond | 0.11% | 0.07% | 0.07% |
Frequently Asked Questions
How much do EMLC and IAGG overlap?
EMLC and IAGG overlap by 7.2% of portfolio weight. They share 226 holdings (EMLC holds 489 positions and IAGG holds 7836), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMLC and IAGG?
The two portfolios are 7.2% 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 EMLC and IAGG?
The largest positions held by both funds are China Government Bond, China Government Bond, China Government Bond, China Government Bond and Republic of Poland Government Bond. Together the top 10 shared positions account for 22% of the total overlap.
What does EMLC own that IAGG doesn't?
263 positions (49.3% of EMLC) are unique to EMLC, led by Brazil Notas do Tesouro Nacional Serie F, Republic of South Africa Government Bond and Brazil Letras do Tesouro Nacional. In the other direction, 7610 positions (87.6% of IAGG) are unique to IAGG.