INDA vs SCHE: Holdings Overlap
iShares · 169 holdings · $6.6B · as of 2026-05-31
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
How similar are INDA and SCHE?
iShares MSCI India ETF (INDA, by iShares) holds 169 positions; Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180. They have 168 holdings in common, and by portfolio weight the two funds are 13.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 168INDA holds 169 · SCHE holds 2180
- Weight in Shared Holdings
- INDA 100%·SCHE 14%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 INDA
1 of 169 positions (0.1% of the fund) are not held by SCHE.
- INDIAN RUPEE0.05%
Only in SCHE
2012 of 2180 positions (85.9% of the fund) are not held by INDA. Showing the top 30 by weight.
Sector Breakdown
| Sector | INDA | SCHE |
|---|---|---|
| Information Technology | 6.8% | 29.1% |
| Financials | 21.5% | 13.4% |
| Consumer Discretionary | 9.9% | 7.0% |
| Energy | 8.6% | 3.0% |
| Materials | 6.6% | 3.7% |
| Other Sectors | 23.7% | 12.6% |
| Unclassified | 22.7% | 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 (23% of INDA, 31% of SCHE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| INDA | +2.1% | -6.8% | -4.1% | +4.7% | +3.4% | +6.6% | — |
| 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 INDA vs SCHE →
Shared Holdings(168)
The top 10 shared positions account for 34% of the overlap, led by RELIANCE, HDFCB and ICICIBC.
 RELIANCEReliance Industries Ltd | 6.23% | 0.88% | 0.88% |
|---|---|---|---|
 HDFCBHDFC Bank Ltd | 6.15% | 0.83% | 0.83% |
 ICICIBCICICI Bank Ltd | 4.68% | 0.65% | 0.65% |
 BHARTIBharti Airtel Ltd | 3.63% | 0.54% | 0.54% |
 INFOInfosys Ltd | 2.92% | 0.39% | 0.39% |
 AXSBAxis Bank Ltd | 2.23% | 0.29% | 0.29% |
 MMMahindra & Mahindra Ltd | 2.20% | 0.28% | 0.28% |
 LTLarsen & Toubro Ltd | 2.13% | 0.27% | 0.27% |
 BAFBajaj Finance Ltd | 1.92% | 0.25% | 0.25% |
 TCSTata Consultancy Services Ltd | 1.54% | 0.22% | 0.22% |
 KMBKotak Mahindra Bank Ltd | 1.59% | 0.21% | 0.21% |
 HUVRHindustan Unilever Ltd | 1.34% | 0.19% | 0.19% |
 SUNPSun Pharmaceutical Industries Ltd | 1.30% | 0.19% | 0.19% |
 NTPCNTPC Ltd | 1.28% | 0.18% | 0.18% |
 SBINState Bank of India | 1.34% | 0.18% | 0.18% |
 TATATata Steel Ltd | 1.18% | 0.17% | 0.17% |
 MSILMaruti Suzuki India Ltd | 1.25% | 0.17% | 0.17% |
 HNDLHindalco Industries Ltd | 1.15% | 0.16% | 0.16% |
 TTANTitan Co Ltd | 1.09% | 0.15% | 0.15% |
 BHEBharat Electronics Ltd | 1.13% | 0.15% | 0.15% |
 ADSEZAdani Ports & Special Economic Zone Ltd | 0.74% | 0.14% | 0.14% |
 UTCEMUltraTech Cement Ltd | 1.02% | 0.14% | 0.14% |
 SHFLShriram Finance Ltd | 1.01% | 0.13% | 0.13% |
 PWGRPower Grid Corp of India Ltd | 1.02% | 0.13% | 0.13% |
 ADANIAdani Power Ltd | 0.53% | 0.13% | 0.13% |
Frequently Asked Questions
How much do INDA and SCHE overlap?
INDA and SCHE overlap by 13.7% of portfolio weight. They share 168 holdings (INDA holds 169 positions and SCHE holds 2180), based on each fund's latest SEC-reported holdings.
Is it redundant to own both INDA and SCHE?
The two portfolios are 13.7% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of INDA and SCHE?
The largest positions held by both funds are RELIANCE, HDFCB, ICICIBC, BHARTI and INFO. Together the top 10 shared positions account for 34% of the total overlap.
What does INDA own that SCHE doesn't?
1 positions (0.1% of INDA) are unique to INDA, led by INDIAN RUPEE. In the other direction, 2012 positions (85.9% of SCHE) are unique to SCHE.