EMXC vs FNDE: Holdings Overlap
EMXCiShares MSCI Emerging Markets ex China ETF
iShares · 663 holdings · $23.8B · as of 2026-05-31
FNDESchwab Fundamental Emerging Markets Equity ETF
Schwab · 370 holdings · $9.9B · as of 2026-05-31
How similar are EMXC and FNDE?
iShares MSCI Emerging Markets ex China ETF (EMXC, by iShares) holds 663 positions; Schwab Fundamental Emerging Markets Equity ETF (FNDE, by Schwab) holds 370. They have 200 holdings in common, and by portfolio weight the two funds are 34.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 34.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 200EMXC holds 663 · FNDE holds 370
- Weight in Shared Holdings
- EMXC 50%·FNDE 65%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 EMXC
463 of 663 positions (50.2% of the fund) are not held by FNDE. Showing the top 30 by weight.
Sector Breakdown
| Sector | EMXC | FNDE |
|---|---|---|
| Information Technology | 49.6% | 20.6% |
| Financials | 12.0% | 18.1% |
| Energy | 2.6% | 10.8% |
| Materials | 3.6% | 6.7% |
| Consumer Discretionary | 3.2% | 5.3% |
| Other Sectors | 9.1% | 11.0% |
| Unclassified | 19.8% | 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 (20% of EMXC, 27% of FNDE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EMXC | -2.1% | +31.1% | +51.2% | +24.8% | +11.5% | — | 2.03% |
| 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 EMXC vs FNDE →
Shared Holdings(200)
The top 10 shared positions account for 40% of the overlap, led by TSMWF, 2454 and HNHAF.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 17.94% | 6.48% | 6.48% |
|---|---|---|---|
 2454MediaTek Inc | 2.04% | 1.80% | 1.80% |
 HNHAFHon Hai Precision Industry Co Ltd | 1.13% | 3.31% | 1.13% |
 RELIANCEReliance Industries Ltd | 0.83% | 0.80% | 0.80% |
 2308Delta Electronics Inc | 1.47% | 0.77% | 0.77% |
 3711ASE Technology Holding Co Ltd | 0.62% | 1.20% | 0.62% |
 VALE3Vale SA | 0.58% | 3.03% | 0.58% |
 2303United Microelectronics Corp | 0.50% | 1.15% | 0.50% |
 HDFCBHDFC Bank Ltd | 0.87% | 0.44% | 0.44% |
 ARAMCSARSaudi Arabian Oil Co | 0.44% | 0.74% | 0.44% |
 3037Unimicron Technology Corp | 0.43% | 0.59% | 0.43% |
 ITUB4Itau Unibanco Holding SA | 0.42% | 0.68% | 0.42% |
 ICICIBCICICI Bank Ltd | 0.68% | 0.42% | 0.42% |
 INFOInfosys Ltd | 0.39% | 0.45% | 0.39% |
 GMEXICOBGrupo Mexico SAB de CV | 0.38% | 0.66% | 0.38% |
 PETR4Petroleo Brasileiro SA - Petrobras | 0.38% | 2.48% | 0.38% |
 2327Yageo Corp | 0.38% | 0.44% | 0.38% |
 PETR3Petroleo Brasileiro SA - Petrobras | 0.34% | 2.34% | 0.34% |
 2891CTBC Financial Holding Co Ltd | 0.32% | 0.41% | 0.32% |
 FUISFFubon Financial Holding Co Ltd | 0.29% | 0.34% | 0.29% |
 2382Quanta Computer Inc | 0.29% | 0.35% | 0.29% |
 FSRFirstRand Ltd | 0.28% | 0.43% | 0.28% |
 LTLarsen & Toubro Ltd | 0.28% | 0.28% | 0.28% |
 AXSBAxis Bank Ltd | 0.30% | 0.27% | 0.27% |
 GFNORTEOGrupo Financiero Banorte SAB de CV | 0.26% | 0.46% | 0.26% |
Frequently Asked Questions
How much do EMXC and FNDE overlap?
EMXC and FNDE overlap by 34.2% of portfolio weight. They share 200 holdings (EMXC holds 663 positions and FNDE holds 370), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMXC and FNDE?
The two portfolios are 34.2% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of EMXC and FNDE?
The largest positions held by both funds are TSMWF, 2454, HNHAF, RELIANCE and 2308. Together the top 10 shared positions account for 40% of the total overlap.
What does EMXC own that FNDE doesn't?
463 positions (50.2% of EMXC) are unique to EMXC, led by 005930, 000660 and 005935. In the other direction, 170 positions (35.1% of FNDE) are unique to FNDE.