SPEM vs EEM: Holdings Overlap
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
EEMiShares MSCI Emerging Markets ETF
iShares · 1246 holdings · $30.2B · as of 2026-05-31
Holdings snapshots are 67 days apart (SPEM: 2026-08-06, EEM: 2026-05-31). 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 SPEM and EEM?
State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776 positions; iShares MSCI Emerging Markets ETF (EEM, by iShares) holds 1246. They have 743 holdings in common, and by portfolio weight the two funds are 62.0% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 62.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 743SPEM holds 2776 · EEM holds 1246
- Weight in Shared Holdings
- SPEM 80%·EEM 66%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 SPEM
2033 of 2776 positions (28.9% of the fund) are not held by EEM. Showing the top 30 by weight.
Only in EEM
503 of 1246 positions (33.7% of the fund) are not held by SPEM. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPEM | EEM |
|---|---|---|
| Information Technology | 25.3% | 41.0% |
| Financials | 15.1% | 12.6% |
| Consumer Discretionary | 7.0% | 6.8% |
| Communication Services | 5.4% | 5.3% |
| Materials | 3.8% | 3.3% |
| Other Sectors | 8.7% | 9.3% |
| Unclassified | 43.5% | 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 (40% of SPEM, 22% of EEM).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPEM | +2.8% | +13.1% | +22.8% | +17.3% | +7.2% | +8.6% | 2.48% |
| 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 SPEM vs EEM →
Shared Holdings(743)
The top 10 shared positions account for 40% of the overlap, led by 2330, 700 and 9988.
 2330Taiwan Semiconductor Manufacturing Co Ltd | 14.02% | 14.26% | 14.02% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 3.01% | 2.71% | 2.71% |
 9988Alibaba Group Holding Ltd | 2.36% | 2.08% | 2.08% |
 2454MediaTek Inc | 1.64% | 1.62% | 1.62% |
 2308Delta Electronics Inc | 0.95% | 1.17% | 0.95% |
 2317Hon Hai Precision Industry Co Ltd | 0.96% | 0.90% | 0.90% |
 939China Construction Bank Corp | 0.88% | 0.81% | 0.81% |
 HDFCBHDFC Bank Ltd | 0.75% | 0.70% | 0.70% |
 3711ASE Technology Holding Co Ltd | 0.70% | 0.50% | 0.50% |
 1810Xiaomi Corp | 0.47% | 0.48% | 0.47% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.54% | 0.47% | 0.47% |
 1398Industrial & Commercial Bank of China Ltd | 0.55% | 0.43% | 0.43% |
 1120Al Rajhi Bank | 0.44% | 0.41% | 0.41% |
 2318Ping An Insurance Group Co of China Ltd | 0.40% | 0.40% | 0.40% |
 BHARTIBharti Airtel Ltd | 0.55% | 0.39% | 0.39% |
 2383Elite Material Co Ltd | 0.38% | 0.39% | 0.38% |
 3690Meituan, B Shares | 0.48% | 0.38% | 0.38% |
 3988Bank of China Ltd | 0.43% | 0.37% | 0.37% |
 NUNU Holdings Ltd/Cayman Islands | 0.38% | 0.35% | 0.35% |
 3037Unimicron Technology Corp | 0.44% | 0.35% | 0.35% |
 9999NetEase Inc | 0.41% | 0.33% | 0.33% |
 1211BYD Co Ltd | 0.33% | 0.33% | 0.33% |
 NPNNaspers Ltd | 0.40% | 0.32% | 0.32% |
 GMEXICO-BGrupo Mexico SAB de CV | 0.37% | 0.30% | 0.30% |
 2222Saudi Arabian Oil Co | 0.28% | 0.35% | 0.28% |
Showing the top 250 of 743 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPEM and EEM overlap?
SPEM and EEM overlap by 62.0% of portfolio weight. They share 743 holdings (SPEM holds 2776 positions and EEM holds 1246), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPEM and EEM?
The two portfolios are 62.0% 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 SPEM and EEM?
The largest positions held by both funds are 2330, 700, 9988, 2454 and 2308. Together the top 10 shared positions account for 40% of the total overlap.
What does SPEM own that EEM doesn't?
2033 positions (28.9% of SPEM) are unique to SPEM, led by RIGD, IBN and UMC. In the other direction, 503 positions (33.7% of EEM) are unique to EEM.