SCHE vs EEM: Holdings Overlap
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
EEMiShares MSCI Emerging Markets ETF
iShares · 1246 holdings · $30.2B · as of 2026-05-31
How similar are SCHE and EEM?
Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180 positions; iShares MSCI Emerging Markets ETF (EEM, by iShares) holds 1246. They have 1080 holdings in common, and by portfolio weight the two funds are 73.8% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 73.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1080SCHE holds 2180 · EEM holds 1246
- Weight in Shared Holdings
- SCHE 90%·EEM 74%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 SCHE
1100 of 2180 positions (9.5% of the fund) are not held by EEM. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHE | EEM |
|---|---|---|
| Information Technology | 29.1% | 41.0% |
| Financials | 13.4% | 12.6% |
| Consumer Discretionary | 7.0% | 6.8% |
| Communication Services | 5.9% | 5.3% |
| Materials | 3.7% | 3.3% |
| Other Sectors | 9.7% | 9.3% |
| Unclassified | 30.8% | 21.6% |
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 SCHE, 22% of EEM).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SCHE | +3.4% | +13.1% | +22.4% | +17.1% | +6.7% | +8.0% | 2.57% |
| EEM | -0.1% | +20.6% | +35.3% | +20.3% | +7.3% | +8.4% | 1.70% |
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 SCHE vs EEM →
Shared Holdings(1080)
The top 10 shared positions account for 35% of the overlap, led by TSMWF, 700 and 9988.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 17.06% | 14.26% | 14.26% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 3.15% | 2.71% | 2.71% |
 9988Alibaba Group Holding Ltd | 2.57% | 2.08% | 2.08% |
 2454MediaTek Inc | 1.88% | 1.62% | 1.62% |
 2308Delta Electronics Inc | 1.40% | 1.17% | 1.17% |
 HNHAFHon Hai Precision Industry Co Ltd | 1.04% | 0.90% | 0.90% |
 C6TChina Construction Bank Corp | 0.88% | 0.81% | 0.81% |
 HDFCBHDFC Bank Ltd | 0.83% | 0.70% | 0.70% |
 RELIANCEReliance Industries Ltd | 0.88% | 0.66% | 0.66% |
 ICICIBCICICI Bank Ltd | 0.65% | 0.55% | 0.55% |
 3711ASE Technology Holding Co Ltd | 0.59% | 0.50% | 0.50% |
 1810Xiaomi Corp | 0.57% | 0.48% | 0.48% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.60% | 0.47% | 0.47% |
 VALE3Vale SA | 0.55% | 0.46% | 0.46% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.63% | 0.43% | 0.43% |
 RJHISARAl Rajhi Bank | 0.49% | 0.41% | 0.41% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.46% | 0.40% | 0.40% |
 2303United Microelectronics Corp | 0.50% | 0.40% | 0.40% |
 2383Elite Material Co Ltd | 0.44% | 0.39% | 0.39% |
 BHARTIBharti Airtel Ltd | 0.54% | 0.39% | 0.39% |
 3690Meituan, B Shares | 0.46% | 0.38% | 0.38% |
 AUAnglogold Ashanti PLC COM SHS | 0.45% | 0.38% | 0.38% |
 W8VBank of China Ltd | 0.42% | 0.37% | 0.37% |
 ARAMCSARSaudi Arabian Oil Co | 0.41% | 0.35% | 0.35% |
 3037Unimicron Technology Corp | 0.42% | 0.35% | 0.35% |
Showing the top 250 of 1080 shared holdings by overlap weight.
Frequently Asked Questions
How much do SCHE and EEM overlap?
SCHE and EEM overlap by 73.8% of portfolio weight. They share 1080 holdings (SCHE holds 2180 positions and EEM holds 1246), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHE and EEM?
The two portfolios are 73.8% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of SCHE and EEM?
The largest positions held by both funds are TSMWF, 700, 9988, 2454 and 2308. Together the top 10 shared positions account for 35% of the total overlap.
What does SCHE own that EEM doesn't?
1100 positions (9.5% of SCHE) are unique to SCHE, led by 2344, 6223 and 8299. In the other direction, 166 positions (26.0% of EEM) are unique to EEM.