SCHE vs SPEM: Holdings Overlap
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · 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 (SCHE: 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 SCHE and SPEM?
Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180 positions; State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776. They have 1008 holdings in common, and by portfolio weight the two funds are 69.5% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 69.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1008SCHE holds 2180 · SPEM holds 2776
- Weight in Shared Holdings
- SCHE 82%·SPEM 83%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
1172 of 2180 positions (17.5% of the fund) are not held by SPEM. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHE | SPEM |
|---|---|---|
| Information Technology | 29.1% | 25.3% |
| Financials | 13.4% | 15.1% |
| Consumer Discretionary | 7.0% | 7.0% |
| Communication Services | 5.9% | 5.4% |
| Materials | 3.7% | 3.8% |
| Other Sectors | 9.7% | 8.7% |
| Unclassified | 30.8% | 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 (31% of SCHE, 40% of SPEM).
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% |
| 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 SCHE vs SPEM →
Shared Holdings(1008)
The top 10 shared positions account for 37% of the overlap, led by TSMWF, 700 and 9988.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 17.06% | 14.02% | 14.02% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 3.15% | 3.01% | 3.01% |
 9988Alibaba Group Holding Ltd | 2.57% | 2.36% | 2.36% |
 2454MediaTek Inc | 1.88% | 1.64% | 1.64% |
 HNHAFHon Hai Precision Industry Co Ltd | 1.04% | 0.96% | 0.96% |
 2308Delta Electronics Inc | 1.40% | 0.95% | 0.95% |
 C6TChina Construction Bank Corp | 0.88% | 0.88% | 0.88% |
 HDFCBHDFC Bank Ltd | 0.83% | 0.75% | 0.75% |
 3711ASE Technology Holding Co Ltd | 0.59% | 0.70% | 0.59% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.63% | 0.55% | 0.55% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.60% | 0.54% | 0.54% |
 BHARTIBharti Airtel Ltd | 0.54% | 0.55% | 0.54% |
 1810Xiaomi Corp | 0.57% | 0.47% | 0.47% |
 3690Meituan, B Shares | 0.46% | 0.48% | 0.46% |
 RJHISARAl Rajhi Bank | 0.49% | 0.44% | 0.44% |
 W8VBank of China Ltd | 0.42% | 0.43% | 0.42% |
 3037Unimicron Technology Corp | 0.42% | 0.44% | 0.42% |
 9999NetEase Inc | 0.42% | 0.41% | 0.41% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.46% | 0.40% | 0.40% |
 2383Elite Material Co Ltd | 0.44% | 0.38% | 0.38% |
 NPNNaspers Ltd | 0.37% | 0.40% | 0.37% |
 GMEXICOBGrupo Mexico SAB de CV | 0.33% | 0.37% | 0.33% |
 1211RUBBYD Co Ltd | 0.40% | 0.33% | 0.33% |
 9618JD.com Inc | 0.32% | 0.37% | 0.32% |
 2891CTBC Financial Holding Co Ltd | 0.32% | 0.50% | 0.32% |
Showing the top 250 of 1008 shared holdings by overlap weight.
Frequently Asked Questions
How much do SCHE and SPEM overlap?
SCHE and SPEM overlap by 69.5% of portfolio weight. They share 1008 holdings (SCHE holds 2180 positions and SPEM holds 2776), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHE and SPEM?
The two portfolios are 69.5% 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 SPEM?
The largest positions held by both funds are TSMWF, 700, 9988, 2454 and HNHAF. Together the top 10 shared positions account for 37% of the total overlap.
What does SCHE own that SPEM doesn't?
1172 positions (17.5% of SCHE) are unique to SCHE, led by RELIANCE, VALE3 and 2303. In the other direction, 1768 positions (25.7% of SPEM) are unique to SPEM.