EMXC vs VWO: Holdings Overlap
EMXCiShares MSCI Emerging Markets ex China ETF
iShares · 663 holdings · $23.8B · as of 2026-05-31
VWOVanguard Emerging Markets Stock Index Fund
Vanguard · 5015 holdings · $124.9B · as of 2026-04-30
Holdings snapshots are 31 days apart (EMXC: 2026-05-31, VWO: 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 VWO?
iShares MSCI Emerging Markets ex China ETF (EMXC, by iShares) holds 663 positions; Vanguard Emerging Markets Stock Index Fund (VWO, by Vanguard) holds 5015. They have 507 holdings in common, and by portfolio weight the two funds are 55.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 55.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 507EMXC holds 663 · VWO holds 5015
- Weight in Shared Holdings
- EMXC 67%·VWO 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
156 of 663 positions (32.9% of the fund) are not held by VWO. Showing the top 30 by weight.
Only in VWO
4508 of 5015 positions (42.8% of the fund) are not held by EMXC. Showing the top 30 by weight.
Sector Breakdown
| Sector | EMXC | VWO |
|---|---|---|
| Information Technology | 49.6% | 23.7% |
| Financials | 12.0% | 12.6% |
| Consumer Discretionary | 3.2% | 7.0% |
| Communication Services | 2.2% | 5.7% |
| Materials | 3.6% | 3.4% |
| Other Sectors | 9.5% | 9.5% |
| Unclassified | 19.8% | 37.4% |
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, 38% of VWO).
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% |
| VWO | +2.7% | +12.6% | +22.3% | +16.6% | +6.6% | +7.9% | 2.29% |
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 VWO →
Shared Holdings(507)
The top 10 shared positions account for 38% of the overlap, led by TSMWF, 2308 and 2454.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 17.94% | 14.61% | 14.61% |
|---|---|---|---|
 2308Delta Electronics Inc | 1.47% | 1.17% | 1.17% |
 2454MediaTek Inc | 2.04% | 1.06% | 1.06% |
 RELIANCEReliance Industries Ltd | 0.83% | 0.90% | 0.83% |
 HDFCBHDFC Bank Ltd | 0.87% | 0.80% | 0.80% |
 HNHAFHon Hai Precision Industry Co Ltd | 1.13% | 0.74% | 0.74% |
 ICICIBCICICI Bank Ltd | 0.68% | 0.61% | 0.61% |
 VALE3Vale SA | 0.58% | 0.51% | 0.51% |
 BHARTIBharti Airtel Ltd | 0.49% | 0.51% | 0.49% |
 RJHISARAl Rajhi Bank | 0.52% | 0.47% | 0.47% |
 3711ASE Technology Holding Co Ltd | 0.62% | 0.44% | 0.44% |
 AUAnglogold Ashanti PLC COM SHS | 0.47% | 0.40% | 0.40% |
 ARAMCSARSaudi Arabian Oil Co | 0.44% | 0.38% | 0.38% |
 PETR4Petroleo Brasileiro SA - Petrobras | 0.38% | 0.38% | 0.38% |
 INFOInfosys Ltd | 0.39% | 0.38% | 0.38% |
 2383Elite Material Co Ltd | 0.48% | 0.37% | 0.37% |
 NPNNaspers Ltd | 0.40% | 0.36% | 0.36% |
 ITUB4Itau Unibanco Holding SA | 0.42% | 0.35% | 0.35% |
 PETR3Petroleo Brasileiro SA - Petrobras | 0.34% | 0.36% | 0.34% |
 3037Unimicron Technology Corp | 0.43% | 0.33% | 0.33% |
 GFIGold Fields Ltd | 0.35% | 0.33% | 0.33% |
 2345Accton Technology Corp | 0.38% | 0.31% | 0.31% |
 KFHKWDKuwait Finance House KSCP | 0.29% | 0.29% | 0.29% |
 GMEXICOBGrupo Mexico SAB de CV | 0.38% | 0.27% | 0.27% |
 OTPOTP Bank Nyrt | 0.30% | 0.27% | 0.27% |
Showing the top 250 of 507 shared holdings by overlap weight.
Frequently Asked Questions
How much do EMXC and VWO overlap?
EMXC and VWO overlap by 55.5% of portfolio weight. They share 507 holdings (EMXC holds 663 positions and VWO holds 5015), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMXC and VWO?
The two portfolios are 55.5% 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 VWO?
The largest positions held by both funds are TSMWF, 2308, 2454, RELIANCE and HDFCB. Together the top 10 shared positions account for 38% of the total overlap.
What does EMXC own that VWO doesn't?
156 positions (32.9% of EMXC) are unique to EMXC, led by 005930, 000660 and 005935. In the other direction, 4508 positions (42.8% of VWO) are unique to VWO.