EMXC vs SPEM: Holdings Overlap
EMXCiShares MSCI Emerging Markets ex China ETF
iShares · 663 holdings · $23.8B · as of 2026-05-31
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
Holdings snapshots are 67 days apart (EMXC: 2026-05-31, SPEM: 2026-08-06). 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 EMXC and SPEM?
iShares MSCI Emerging Markets ex China ETF (EMXC, by iShares) holds 663 positions; State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776. They have 413 holdings in common, and by portfolio weight the two funds are 48.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 48.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 413EMXC holds 663 · SPEM holds 2776
- Weight in Shared Holdings
- EMXC 61%·SPEM 56%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
250 of 663 positions (39.3% of the fund) are not held by SPEM. Showing the top 30 by weight.
Only in SPEM
2363 of 2776 positions (53.2% of the fund) are not held by EMXC. Showing the top 30 by weight.
Sector Breakdown
| Sector | EMXC | SPEM |
|---|---|---|
| Information Technology | 49.6% | 25.3% |
| Financials | 12.0% | 15.1% |
| Consumer Discretionary | 3.2% | 7.0% |
| Communication Services | 2.2% | 5.4% |
| Materials | 3.6% | 3.8% |
| Other Sectors | 9.5% | 8.7% |
| Unclassified | 19.8% | 43.5% |
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, 40% of SPEM).
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% |
| SPEM | +2.8% | +13.1% | +22.8% | +17.3% | +7.2% | +8.6% | 2.48% |
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 SPEM →
Shared Holdings(413)
The top 10 shared positions account for 42% of the overlap, led by TSMWF, 2454 and HNHAF.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 17.94% | 14.02% | 14.02% |
|---|---|---|---|
 2454MediaTek Inc | 2.04% | 1.64% | 1.64% |
 HNHAFHon Hai Precision Industry Co Ltd | 1.13% | 0.96% | 0.96% |
 2308Delta Electronics Inc | 1.47% | 0.95% | 0.95% |
 HDFCBHDFC Bank Ltd | 0.87% | 0.75% | 0.75% |
 3711ASE Technology Holding Co Ltd | 0.62% | 0.70% | 0.62% |
 BHARTIBharti Airtel Ltd | 0.49% | 0.55% | 0.49% |
 RJHISARAl Rajhi Bank | 0.52% | 0.44% | 0.44% |
 3037Unimicron Technology Corp | 0.43% | 0.44% | 0.43% |
 NPNNaspers Ltd | 0.40% | 0.40% | 0.40% |
 2383Elite Material Co Ltd | 0.48% | 0.38% | 0.38% |
 NUNU Holdings Ltd/Cayman Islands | 0.44% | 0.38% | 0.38% |
 GMEXICOBGrupo Mexico SAB de CV | 0.38% | 0.37% | 0.37% |
 2891CTBC Financial Holding Co Ltd | 0.32% | 0.50% | 0.32% |
 AXSBAxis Bank Ltd | 0.30% | 0.30% | 0.30% |
 OTPOTP Bank Nyrt | 0.30% | 0.30% | 0.30% |
 GFIGold Fields Ltd | 0.35% | 0.29% | 0.29% |
 FUISFFubon Financial Holding Co Ltd | 0.29% | 0.39% | 0.29% |
 ARAMCSARSaudi Arabian Oil Co | 0.44% | 0.28% | 0.28% |
 BAFBajaj Finance Ltd | 0.26% | 0.33% | 0.26% |
 SNBSARSaudi National Bank/The | 0.31% | 0.26% | 0.26% |
 2345Accton Technology Corp | 0.38% | 0.26% | 0.26% |
 FSRFirstRand Ltd | 0.28% | 0.26% | 0.26% |
 2882Cathay Financial Holding Co Ltd | 0.26% | 0.31% | 0.26% |
 GFNORTEOGrupo Financiero Banorte SAB de CV | 0.26% | 0.25% | 0.25% |
Showing the top 250 of 413 shared holdings by overlap weight.
Frequently Asked Questions
How much do EMXC and SPEM overlap?
EMXC and SPEM overlap by 48.9% of portfolio weight. They share 413 holdings (EMXC holds 663 positions and SPEM holds 2776), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMXC and SPEM?
The two portfolios are 48.9% 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 SPEM?
The largest positions held by both funds are TSMWF, 2454, HNHAF, 2308 and HDFCB. Together the top 10 shared positions account for 42% of the total overlap.
What does EMXC own that SPEM doesn't?
250 positions (39.3% of EMXC) are unique to EMXC, led by 005930, 000660 and 005935. In the other direction, 2363 positions (53.2% of SPEM) are unique to SPEM.