MXI vs VWO: Holdings Overlap
MXIiShares Global Materials ETF
iShares · 101 holdings · $349M · as of 2026-03-31
VWOVanguard Emerging Markets Stock Index Fund
Vanguard · 5015 holdings · $124.9B · as of 2026-04-30
Holdings snapshots are 30 days apart (MXI: 2026-03-31, 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 MXI and VWO?
iShares Global Materials ETF (MXI, by iShares) holds 101 positions; Vanguard Emerging Markets Stock Index Fund (VWO, by Vanguard) holds 5015. They have 3 holdings in common, and by portfolio weight the two funds are 0.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3MXI holds 101 · VWO holds 5015
- Weight in Shared Holdings
- MXI 2%·VWO 0%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 MXI
98 of 101 positions (97.6% of the fund) are not held by VWO. Showing the top 30 by weight.
Only in VWO
5012 of 5015 positions (98.8% of the fund) are not held by MXI. Showing the top 30 by weight.
Sector Breakdown
| Sector | MXI | VWO |
|---|---|---|
| Materials | 99.5% | 3.4% |
| Information Technology | 0.0% | 23.7% |
| Financials | 0.0% | 12.6% |
| Consumer Discretionary | 0.0% | 7.0% |
| Communication Services | 0.0% | 5.7% |
| Other Sectors | 0.1% | 9.5% |
| Unclassified | 0.0% | 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 (0% of MXI, 38% of VWO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| MXI | +6.2% | +18.1% | +32.9% | +13.0% | +7.2% | +10.9% | 1.62% |
| 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 MXI vs VWO →
Shared Holdings(3)
The top 3 shared positions account for 99% of the overlap, led by GMEXICOB, CEMEXCPO and SQM.
Frequently Asked Questions
How much do MXI and VWO overlap?
MXI and VWO overlap by 0.5% of portfolio weight. They share 3 holdings (MXI holds 101 positions and VWO holds 5015), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MXI and VWO?
The two portfolios are 0.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of MXI and VWO?
The largest positions held by both funds are GMEXICOB, CEMEXCPO and SQM. Together the top 3 shared positions account for 99% of the total overlap.
What does MXI own that VWO doesn't?
98 positions (97.6% of MXI) are unique to MXI, led by LIN, BHP and AI. In the other direction, 5012 positions (98.8% of VWO) are unique to VWO.