SCHE vs EMXC: Holdings Overlap
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
EMXCiShares MSCI Emerging Markets ex China ETF
iShares · 663 holdings · $23.8B · as of 2026-05-31
How similar are SCHE and EMXC?
Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180 positions; iShares MSCI Emerging Markets ex China ETF (EMXC, by iShares) holds 663. They have 518 holdings in common, and by portfolio weight the two funds are 64.1% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 64.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 518SCHE holds 2180 · EMXC holds 663
- Weight in Shared Holdings
- SCHE 65%·EMXC 68%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
1662 of 2180 positions (34.1% of the fund) are not held by EMXC. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHE | EMXC |
|---|---|---|
| Information Technology | 29.1% | 49.6% |
| Financials | 13.4% | 12.0% |
| Consumer Discretionary | 7.0% | 3.2% |
| Communication Services | 5.9% | 2.2% |
| Materials | 3.7% | 3.6% |
| Other Sectors | 9.7% | 9.5% |
| Unclassified | 30.8% | 19.8% |
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 (31% of SCHE, 20% of EMXC).
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% |
| EMXC | -2.1% | +31.1% | +51.2% | +24.8% | +11.5% | — | 2.03% |
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 EMXC →
Shared Holdings(518)
The top 10 shared positions account for 40% of the overlap, led by TSMWF, 2454 and 2308.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 17.06% | 17.94% | 17.06% |
|---|---|---|---|
 2454MediaTek Inc | 1.88% | 2.04% | 1.88% |
 2308Delta Electronics Inc | 1.40% | 1.47% | 1.40% |
 HNHAFHon Hai Precision Industry Co Ltd | 1.04% | 1.13% | 1.04% |
 RELIANCEReliance Industries Ltd | 0.88% | 0.83% | 0.83% |
 HDFCBHDFC Bank Ltd | 0.83% | 0.87% | 0.83% |
 ICICIBCICICI Bank Ltd | 0.65% | 0.68% | 0.65% |
 3711ASE Technology Holding Co Ltd | 0.59% | 0.62% | 0.59% |
 VALE3Vale SA | 0.55% | 0.58% | 0.55% |
 2303United Microelectronics Corp | 0.50% | 0.50% | 0.50% |
 RJHISARAl Rajhi Bank | 0.49% | 0.52% | 0.49% |
 BHARTIBharti Airtel Ltd | 0.54% | 0.49% | 0.49% |
 AUAnglogold Ashanti PLC COM SHS | 0.45% | 0.47% | 0.45% |
 2383Elite Material Co Ltd | 0.44% | 0.48% | 0.44% |
 3037Unimicron Technology Corp | 0.42% | 0.43% | 0.42% |
 ARAMCSARSaudi Arabian Oil Co | 0.41% | 0.44% | 0.41% |
 ITUB4Itau Unibanco Holding SA | 0.41% | 0.42% | 0.41% |
 INFOInfosys Ltd | 0.39% | 0.39% | 0.39% |
 NPNNaspers Ltd | 0.37% | 0.40% | 0.37% |
 2345Accton Technology Corp | 0.36% | 0.38% | 0.36% |
 PETR4Petroleo Brasileiro SA - Petrobras | 0.35% | 0.38% | 0.35% |
 2327Yageo Corp | 0.34% | 0.38% | 0.34% |
 GFIGold Fields Ltd | 0.33% | 0.35% | 0.33% |
 GMEXICOBGrupo Mexico SAB de CV | 0.33% | 0.38% | 0.33% |
 PETR3Petroleo Brasileiro SA - Petrobras | 0.32% | 0.34% | 0.32% |
Showing the top 250 of 518 shared holdings by overlap weight.
Frequently Asked Questions
How much do SCHE and EMXC overlap?
SCHE and EMXC overlap by 64.1% of portfolio weight. They share 518 holdings (SCHE holds 2180 positions and EMXC holds 663), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHE and EMXC?
The two portfolios are 64.1% 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 EMXC?
The largest positions held by both funds are TSMWF, 2454, 2308, HNHAF and RELIANCE. Together the top 10 shared positions account for 40% of the total overlap.
What does SCHE own that EMXC doesn't?
1662 positions (34.1% of SCHE) are unique to SCHE, led by 700, 9988 and C6T. In the other direction, 145 positions (32.0% of EMXC) are unique to EMXC.