EMXC vs VNQI: Holdings Overlap
EMXCiShares MSCI Emerging Markets ex China ETF
iShares · 663 holdings · $23.8B · as of 2026-05-31
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
Holdings snapshots are 31 days apart (EMXC: 2026-05-31, VNQI: 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 EMXC and VNQI?
iShares MSCI Emerging Markets ex China ETF (EMXC, by iShares) holds 663 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 19 holdings in common, and by portfolio weight the two funds are 0.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 19EMXC holds 663 · VNQI holds 710
- Weight in Shared Holdings
- EMXC 1%·VNQI 7%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
644 of 663 positions (99.0% of the fund) are not held by VNQI. Showing the top 30 by weight.
Sector Breakdown
| Sector | EMXC | VNQI |
|---|---|---|
| Real Estate | 0.4% | 64.7% |
| Information Technology | 49.6% | 0.0% |
| Financials | 12.0% | 0.0% |
| Materials | 3.6% | 0.0% |
| Consumer Discretionary | 3.2% | 0.0% |
| Other Sectors | 11.3% | 0.0% |
| Unclassified | 19.8% | 34.3% |
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, 35% of VNQI).
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% |
| VNQI | +1.6% | +0.8% | +3.4% | +8.5% | -0.7% | +2.2% | 4.66% |
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 VNQI →
Shared Holdings(19)
The top 10 shared positions account for 75% of the overlap, led by EMAARAED, ALDARAED and NRP.
 EMAARAEDEmaar Properties PJSC | 0.20% | 1.81% | 0.20% |
|---|---|---|---|
 ALDARAEDAldar Properties PJSC | 0.08% | 0.72% | 0.08% |
 NRPNEPI Rockcastle NV | 0.05% | 0.48% | 0.05% |
 FUNO11Fibra Uno Administracion SA de CV | 0.05% | 0.43% | 0.05% |
 DLFUDLF Ltd | 0.04% | 0.36% | 0.04% |
 FIBRAPLPrologis Property Mexico SA de CV | 0.04% | 0.45% | 0.04% |
 PHNXPhoenix Mills Ltd/The | 0.04% | 0.32% | 0.04% |
 EMAA1AEDEmaar Development PJSC | 0.04% | 0.30% | 0.04% |
 MALLPLAZPlaza SA | 0.03% | 0.35% | 0.03% |
 SMPHPHPSM Prime Holdings Inc | 0.03% | 0.31% | 0.03% |
 LODHALodha Developers Ltd | 0.03% | 0.27% | 0.03% |
 GPLGodrej Properties Ltd | 0.03% | 0.26% | 0.03% |
 PEPLPrestige Estates Projects Ltd | 0.02% | 0.23% | 0.02% |
 ALARKSARDar Al Arkan Real Estate Development Co | 0.02% | 0.23% | 0.02% |
 MCDCOSARMakkah Construction & Development Co | 0.02% | 0.19% | 0.02% |
 OBEROberoi Realty Ltd | 0.02% | 0.19% | 0.02% |
 MABANKWDMabanee Co KPSC | 0.02% | 0.20% | 0.02% |
 ALIPHPAyala Land Inc | 0.02% | 0.13% | 0.02% |
 TMGHEGPTALAAT MOUSTAFA GROUP | 0.01% | 0.16% | 0.01% |
Frequently Asked Questions
How much do EMXC and VNQI overlap?
EMXC and VNQI overlap by 0.8% of portfolio weight. They share 19 holdings (EMXC holds 663 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMXC and VNQI?
The two portfolios are 0.8% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EMXC and VNQI?
The largest positions held by both funds are EMAARAED, ALDARAED, NRP, FUNO11 and DLFU. Together the top 10 shared positions account for 75% of the total overlap.
What does EMXC own that VNQI doesn't?
644 positions (99.0% of EMXC) are unique to EMXC, led by TSMWF, 005930 and 000660. In the other direction, 691 positions (91.6% of VNQI) are unique to VNQI.