EMXC vs SCHE: Holdings Overlap
EMXCiShares MSCI Emerging Markets ex China ETF
iShares · 663 holdings · $23.8B · as of 2026-05-31
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
How similar are EMXC and SCHE?
iShares MSCI Emerging Markets ex China ETF (EMXC, by iShares) holds 663 positions; Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180. They have 518 holdings in common, and by portfolio weight the two funds are 64.1% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 64.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 518EMXC holds 663 · SCHE holds 2180
- Weight in Shared Holdings
- EMXC 68%·SCHE 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
145 of 663 positions (32.0% of the fund) are not held by SCHE. Showing the top 30 by weight.
Sector Breakdown
| Sector | EMXC | SCHE |
|---|---|---|
| Information Technology | 49.6% | 29.1% |
| Financials | 12.0% | 13.4% |
| Consumer Discretionary | 3.2% | 7.0% |
| Communication Services | 2.2% | 5.9% |
| Materials | 3.6% | 3.7% |
| Other Sectors | 9.5% | 9.7% |
| Unclassified | 19.8% | 30.8% |
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, 31% of SCHE).
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% |
| SCHE | +3.4% | +13.1% | +22.4% | +17.1% | +6.7% | +8.0% | 2.57% |
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 SCHE →
Shared Holdings(518)
The top 10 shared positions account for 40% of the overlap, led by TSMWF, 2454 and 2308.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 17.94% | 17.06% | 17.06% |
|---|---|---|---|
 2454MediaTek Inc | 2.04% | 1.88% | 1.88% |
 2308Delta Electronics Inc | 1.47% | 1.40% | 1.40% |
 HNHAFHon Hai Precision Industry Co Ltd | 1.13% | 1.04% | 1.04% |
 RELIANCEReliance Industries Ltd | 0.83% | 0.88% | 0.83% |
 HDFCBHDFC Bank Ltd | 0.87% | 0.83% | 0.83% |
 ICICIBCICICI Bank Ltd | 0.68% | 0.65% | 0.65% |
 3711ASE Technology Holding Co Ltd | 0.62% | 0.59% | 0.59% |
 VALE3Vale SA | 0.58% | 0.55% | 0.55% |
 2303United Microelectronics Corp | 0.50% | 0.50% | 0.50% |
 RJHISARAl Rajhi Bank | 0.52% | 0.49% | 0.49% |
 BHARTIBharti Airtel Ltd | 0.49% | 0.54% | 0.49% |
 AUAnglogold Ashanti PLC COM SHS | 0.47% | 0.45% | 0.45% |
 2383Elite Material Co Ltd | 0.48% | 0.44% | 0.44% |
 3037Unimicron Technology Corp | 0.43% | 0.42% | 0.42% |
 ARAMCSARSaudi Arabian Oil Co | 0.44% | 0.41% | 0.41% |
 ITUB4Itau Unibanco Holding SA | 0.42% | 0.41% | 0.41% |
 INFOInfosys Ltd | 0.39% | 0.39% | 0.39% |
 NPNNaspers Ltd | 0.40% | 0.37% | 0.37% |
 2345Accton Technology Corp | 0.38% | 0.36% | 0.36% |
 PETR4Petroleo Brasileiro SA - Petrobras | 0.38% | 0.35% | 0.35% |
 2327Yageo Corp | 0.38% | 0.34% | 0.34% |
 GFIGold Fields Ltd | 0.35% | 0.33% | 0.33% |
 GMEXICOBGrupo Mexico SAB de CV | 0.38% | 0.33% | 0.33% |
 PETR3Petroleo Brasileiro SA - Petrobras | 0.34% | 0.32% | 0.32% |
Showing the top 250 of 518 shared holdings by overlap weight.
Frequently Asked Questions
How much do EMXC and SCHE overlap?
EMXC and SCHE overlap by 64.1% of portfolio weight. They share 518 holdings (EMXC holds 663 positions and SCHE holds 2180), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMXC and SCHE?
The two portfolios are 64.1% 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 EMXC and SCHE?
The largest positions held by both funds are TSMWF, 2454, 2308, HNHAF and RELIANCE. Together the top 10 shared positions account for 40% of the total overlap.
What does EMXC own that SCHE doesn't?
145 positions (32.0% of EMXC) are unique to EMXC, led by 005930, 000660 and 005935. In the other direction, 1662 positions (34.1% of SCHE) are unique to SCHE.