MCHI vs SPEM: Holdings Overlap
iShares · 580 holdings · $6.3B · 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 (MCHI: 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 MCHI and SPEM?
iShares MSCI China ETF (MCHI, by iShares) holds 580 positions; State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776. They have 328 holdings in common, and by portfolio weight the two funds are 23.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 328MCHI holds 580 · SPEM holds 2776
- Weight in Shared Holdings
- MCHI 88%·SPEM 24%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 MCHI
252 of 580 positions (11.8% of the fund) are not held by SPEM. Showing the top 30 by weight.
Only in SPEM
2448 of 2776 positions (84.6% of the fund) are not held by MCHI. Showing the top 30 by weight.
Sector Breakdown
| Sector | MCHI | SPEM |
|---|---|---|
| Information Technology | 7.8% | 25.3% |
| Consumer Discretionary | 21.1% | 7.0% |
| Communication Services | 17.2% | 5.4% |
| Financials | 14.8% | 15.1% |
| Materials | 1.8% | 3.8% |
| Other Sectors | 8.3% | 8.7% |
| Unclassified | 28.5% | 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 (29% of MCHI, 40% of SPEM).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| MCHI | +9.3% | -5.2% | -1.0% | +8.7% | -2.2% | +4.3% | 1.94% |
| 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 MCHI vs SPEM →
Shared Holdings(328)
The top 10 shared positions account for 40% of the overlap, led by 700, 9988 and C6T.
 700Tencent Holdings Ltd. | 13.21% | 3.01% | 3.01% |
|---|---|---|---|
 9988Alibaba Group Holding Ltd | 10.14% | 2.36% | 2.36% |
 C6TChina Construction Bank Corp | 3.97% | 0.88% | 0.88% |
 ICKIndustrial & Commercial Bank of China Ltd | 2.10% | 0.55% | 0.55% |
 PDDPDD Holdings Inc. SPONSORED ADS | 2.28% | 0.54% | 0.54% |
 3690Meituan, B Shares | 1.84% | 0.48% | 0.48% |
 1810Xiaomi Corp | 2.35% | 0.47% | 0.47% |
 W8VBank of China Ltd | 1.80% | 0.43% | 0.43% |
 9999NetEase Inc | 1.63% | 0.41% | 0.41% |
 2318RUBPing An Insurance Group Co of China Ltd | 1.96% | 0.40% | 0.40% |
 9618JD.com Inc | 1.31% | 0.37% | 0.37% |
 1211RUBBYD Co Ltd | 1.63% | 0.33% | 0.33% |
 FJZZijin Mining Group Co Ltd | 0.97% | 0.32% | 0.32% |
 CHLChina Life Insurance Co Ltd | 1.05% | 0.28% | 0.28% |
 9888Baidu, Inc., A Shares | 1.44% | 0.27% | 0.27% |
 PC6PetroChina Co Ltd | 1.12% | 0.23% | 0.23% |
 992Lenovo Group Ltd | 0.94% | 0.23% | 0.23% |
 300750Contemporary Amperex Technology Co Ltd | 0.64% | 0.21% | 0.21% |
 9961Trip.com Group Ltd | 1.11% | 0.21% | 0.21% |
 IKFChina Shenhua Energy Co Ltd | 0.74% | 0.20% | 0.20% |
 EK7Agricultural Bank of China Ltd | 0.77% | 0.20% | 0.20% |
 C4CBank of Communications Co Ltd | 0.31% | 0.20% | 0.20% |
 M4BChina Merchants Bank Co Ltd | 0.90% | 0.19% | 0.19% |
 1347Hua Hong Semiconductor Ltd. | 0.58% | 0.19% | 0.19% |
 IJ0BeOne Medicines Ltd | 0.74% | 0.18% | 0.18% |
Showing the top 250 of 328 shared holdings by overlap weight.
Frequently Asked Questions
How much do MCHI and SPEM overlap?
MCHI and SPEM overlap by 23.9% of portfolio weight. They share 328 holdings (MCHI holds 580 positions and SPEM holds 2776), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MCHI and SPEM?
The two portfolios are 23.9% 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 MCHI and SPEM?
The largest positions held by both funds are 700, 9988, C6T, ICK and PDD. Together the top 10 shared positions account for 40% of the total overlap.
What does MCHI own that SPEM doesn't?
252 positions (11.8% of MCHI) are unique to MCHI, led by PJC, 1YO and 2423. In the other direction, 2448 positions (84.6% of SPEM) are unique to SPEM.