SCHE vs VEU: Holdings Overlap
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
Holdings snapshots are 31 days apart (SCHE: 2026-05-31, VEU: 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 SCHE and VEU?
Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 2138 holdings in common, and by portfolio weight the two funds are 25.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 25.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2138SCHE holds 2180 · VEU holds 3855
- Weight in Shared Holdings
- SCHE 98%·VEU 26%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
42 of 2180 positions (1.1% of the fund) are not held by VEU. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHE | VEU |
|---|---|---|
| Information Technology | 29.1% | 16.2% |
| Financials | 13.4% | 20.0% |
| Industrials | 2.1% | 11.7% |
| Consumer Discretionary | 7.0% | 6.1% |
| Communication Services | 5.9% | 3.7% |
| Other Sectors | 11.3% | 23.8% |
| Unclassified | 30.8% | 17.4% |
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 (31% of SCHE, 18% of VEU).
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% |
| VEU | +2.8% | +16.6% | +28.4% | +19.2% | +9.6% | +9.9% | 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 VEU →
Shared Holdings(2138)
The top 10 shared positions account for 30% of the overlap, led by TSMWF, 700 and 9988.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 17.06% | 4.28% | 4.28% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 3.15% | 0.96% | 0.96% |
 9988Alibaba Group Holding Ltd | 2.57% | 0.75% | 0.75% |
 2308Delta Electronics Inc | 1.40% | 0.34% | 0.34% |
 2454MediaTek Inc | 1.88% | 0.31% | 0.31% |
 RELIANCEReliance Industries Ltd | 0.88% | 0.26% | 0.26% |
 C6TChina Construction Bank Corp | 0.88% | 0.25% | 0.25% |
 HDFCBHDFC Bank Ltd | 0.83% | 0.24% | 0.24% |
 HNHAFHon Hai Precision Industry Co Ltd | 1.04% | 0.22% | 0.22% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.60% | 0.19% | 0.19% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.63% | 0.18% | 0.18% |
 ICICIBCICICI Bank Ltd | 0.65% | 0.18% | 0.18% |
 1810Xiaomi Corp | 0.57% | 0.16% | 0.16% |
 BHARTIBharti Airtel Ltd | 0.54% | 0.15% | 0.15% |
 VALE3Vale SA | 0.55% | 0.15% | 0.15% |
 3690Meituan, B Shares | 0.46% | 0.15% | 0.15% |
 RJHISARAl Rajhi Bank | 0.49% | 0.14% | 0.14% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.46% | 0.13% | 0.13% |
 3711ASE Technology Holding Co Ltd | 0.59% | 0.13% | 0.13% |
 1211RUBBYD Co Ltd | 0.40% | 0.12% | 0.12% |
 AUAnglogold Ashanti PLC COM SHS | 0.45% | 0.12% | 0.12% |
 W8VBank of China Ltd | 0.42% | 0.11% | 0.11% |
 ARAMCSARSaudi Arabian Oil Co | 0.41% | 0.11% | 0.11% |
 9999NetEase Inc | 0.42% | 0.11% | 0.11% |
 2383Elite Material Co Ltd | 0.44% | 0.11% | 0.11% |
Showing the top 250 of 2138 shared holdings by overlap weight.
Frequently Asked Questions
How much do SCHE and VEU overlap?
SCHE and VEU overlap by 25.7% of portfolio weight. They share 2138 holdings (SCHE holds 2180 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHE and VEU?
The two portfolios are 25.7% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of SCHE and VEU?
The largest positions held by both funds are TSMWF, 700, 9988, 2308 and 2454. Together the top 10 shared positions account for 30% of the total overlap.
What does SCHE own that VEU doesn't?
42 positions (1.1% of SCHE) are unique to SCHE, led by DELTA-R, PTT-R and ADVANC-R. In the other direction, 1717 positions (73.1% of VEU) are unique to VEU.