IEMG vs VEU: Holdings Overlap
IEMGiShares Core MSCI Emerging Markets ETF
iShares · 2697 holdings · $156.6B · as of 2026-05-31
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
Holdings snapshots are 31 days apart (IEMG: 2026-05-31, VEU: 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 IEMG and VEU?
iShares Core MSCI Emerging Markets ETF (IEMG, by iShares) holds 2697 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 1529 holdings in common, and by portfolio weight the two funds are 30.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 30.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1529IEMG holds 2697 · VEU holds 3855
- Weight in Shared Holdings
- IEMG 91%·VEU 31%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 IEMG
1168 of 2697 positions (9.2% of the fund) are not held by VEU. Showing the top 30 by weight.
Sector Breakdown
| Sector | IEMG | VEU |
|---|---|---|
| Information Technology | 36.2% | 16.2% |
| Financials | 11.0% | 20.0% |
| Industrials | 2.4% | 11.7% |
| Consumer Discretionary | 6.0% | 6.1% |
| Health Care | 0.9% | 5.6% |
| Other Sectors | 12.6% | 21.9% |
| Unclassified | 30.7% | 17.4% |
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 (31% of IEMG, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IEMG | +0.3% | +19.9% | +33.4% | +20.1% | +7.8% | +9.0% | 2.25% |
| VEU | +2.8% | +16.6% | +28.4% | +19.2% | +9.6% | +9.9% | 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 IEMG vs VEU →
Shared Holdings(1529)
The top 10 shared positions account for 34% of the overlap, led by TSMWF, 005930 and 000660.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 12.49% | 4.28% | 4.28% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 6.80% | 1.81% | 1.81% |
 000660SK hynix Inc | 5.82% | 1.23% | 1.23% |
 700Tencent Holdings Ltd. | 2.37% | 0.96% | 0.96% |
 9988Alibaba Group Holding Ltd | 1.82% | 0.75% | 0.75% |
 2308Delta Electronics Inc | 1.02% | 0.34% | 0.34% |
 2454MediaTek Inc | 1.42% | 0.31% | 0.31% |
 RELIANCEReliance Industries Ltd | 0.58% | 0.26% | 0.26% |
 C6TChina Construction Bank Corp | 0.71% | 0.25% | 0.25% |
 HDFCBHDFC Bank Ltd | 0.61% | 0.24% | 0.24% |
 005935Samsung Electronics Co Ltd | 0.74% | 0.22% | 0.22% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.79% | 0.22% | 0.22% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.41% | 0.19% | 0.19% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.38% | 0.18% | 0.18% |
 ICICIBCICICI Bank Ltd | 0.48% | 0.18% | 0.18% |
 1810Xiaomi Corp | 0.42% | 0.16% | 0.16% |
 BHARTIBharti Airtel Ltd | 0.34% | 0.15% | 0.15% |
 VALE3Vale SA | 0.41% | 0.15% | 0.15% |
 3690Meituan, B Shares | 0.33% | 0.15% | 0.15% |
 RJHISARAl Rajhi Bank | 0.36% | 0.14% | 0.14% |
 402340SK Square Co Ltd | 0.53% | 0.13% | 0.13% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.35% | 0.13% | 0.13% |
 3711ASE Technology Holding Co Ltd | 0.44% | 0.13% | 0.13% |
 1211RUBBYD Co Ltd | 0.29% | 0.12% | 0.12% |
 005380Hyundai Motor Co | 0.44% | 0.12% | 0.12% |
Showing the top 250 of 1529 shared holdings by overlap weight.
Frequently Asked Questions
How much do IEMG and VEU overlap?
IEMG and VEU overlap by 30.8% of portfolio weight. They share 1529 holdings (IEMG holds 2697 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IEMG and VEU?
The two portfolios are 30.8% 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 IEMG and VEU?
The largest positions held by both funds are TSMWF, 005930, 000660, 700 and 9988. Together the top 10 shared positions account for 34% of the total overlap.
What does IEMG own that VEU doesn't?
1168 positions (9.2% of IEMG) are unique to IEMG, led by NU, DELTA-R and BAP. In the other direction, 2326 positions (68.0% of VEU) are unique to VEU.