SCHE vs IEMG: Holdings Overlap
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
IEMGiShares Core MSCI Emerging Markets ETF
iShares · 2697 holdings · $156.6B · as of 2026-05-31
How similar are SCHE and IEMG?
Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180 positions; iShares Core MSCI Emerging Markets ETF (IEMG, by iShares) holds 2697. They have 1391 holdings in common, and by portfolio weight the two funds are 69.0% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 69.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1391SCHE holds 2180 · IEMG holds 2697
- Weight in Shared Holdings
- SCHE 96%·IEMG 69%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
789 of 2180 positions (4.1% of the fund) are not held by IEMG. Showing the top 30 by weight.
Only in IEMG
1306 of 2697 positions (30.6% of the fund) are not held by SCHE. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHE | IEMG |
|---|---|---|
| Information Technology | 29.1% | 36.2% |
| Financials | 13.4% | 11.0% |
| Consumer Discretionary | 7.0% | 6.0% |
| Communication Services | 5.9% | 4.6% |
| Materials | 3.7% | 2.9% |
| Other Sectors | 9.7% | 8.4% |
| Unclassified | 30.8% | 30.7% |
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, 31% of IEMG).
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% |
| IEMG | +0.3% | +19.9% | +33.4% | +20.1% | +7.8% | +9.0% | 2.25% |
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 IEMG →
Shared Holdings(1391)
The top 10 shared positions account for 32% of the overlap, led by TSMWF, 700 and 9988.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 17.06% | 12.49% | 12.49% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 3.15% | 2.37% | 2.37% |
 9988Alibaba Group Holding Ltd | 2.57% | 1.82% | 1.82% |
 2454MediaTek Inc | 1.88% | 1.42% | 1.42% |
 2308Delta Electronics Inc | 1.40% | 1.02% | 1.02% |
 HNHAFHon Hai Precision Industry Co Ltd | 1.04% | 0.79% | 0.79% |
 C6TChina Construction Bank Corp | 0.88% | 0.71% | 0.71% |
 HDFCBHDFC Bank Ltd | 0.83% | 0.61% | 0.61% |
 RELIANCEReliance Industries Ltd | 0.88% | 0.58% | 0.58% |
 ICICIBCICICI Bank Ltd | 0.65% | 0.48% | 0.48% |
 3711ASE Technology Holding Co Ltd | 0.59% | 0.44% | 0.44% |
 1810Xiaomi Corp | 0.57% | 0.42% | 0.42% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.60% | 0.41% | 0.41% |
 VALE3Vale SA | 0.55% | 0.41% | 0.41% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.63% | 0.38% | 0.38% |
 RJHISARAl Rajhi Bank | 0.49% | 0.36% | 0.36% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.46% | 0.35% | 0.35% |
 2303United Microelectronics Corp | 0.50% | 0.35% | 0.35% |
 2383Elite Material Co Ltd | 0.44% | 0.34% | 0.34% |
 BHARTIBharti Airtel Ltd | 0.54% | 0.34% | 0.34% |
 3690Meituan, B Shares | 0.46% | 0.33% | 0.33% |
 AUAnglogold Ashanti PLC COM SHS | 0.45% | 0.33% | 0.33% |
 W8VBank of China Ltd | 0.42% | 0.32% | 0.32% |
 ARAMCSARSaudi Arabian Oil Co | 0.41% | 0.30% | 0.30% |
 3037Unimicron Technology Corp | 0.42% | 0.30% | 0.30% |
Showing the top 250 of 1391 shared holdings by overlap weight.
Frequently Asked Questions
How much do SCHE and IEMG overlap?
SCHE and IEMG overlap by 69.0% of portfolio weight. They share 1391 holdings (SCHE holds 2180 positions and IEMG holds 2697), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHE and IEMG?
The two portfolios are 69.0% 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 IEMG?
The largest positions held by both funds are TSMWF, 700, 9988, 2454 and 2308. Together the top 10 shared positions account for 32% of the total overlap.
What does SCHE own that IEMG doesn't?
789 positions (4.1% of SCHE) are unique to SCHE, led by 1179, YZJRMB and CBKD. In the other direction, 1306 positions (30.6% of IEMG) are unique to IEMG.