SPEM vs EMXC: Holdings Overlap
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
EMXCiShares MSCI Emerging Markets ex China ETF
iShares · 663 holdings · $23.8B · as of 2026-05-31
Holdings snapshots are 67 days apart (SPEM: 2026-08-06, EMXC: 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 EMXC?
State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776 positions; iShares MSCI Emerging Markets ex China ETF (EMXC, by iShares) holds 663. They have 413 holdings in common, and by portfolio weight the two funds are 48.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 48.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 413SPEM holds 2776 · EMXC holds 663
- Weight in Shared Holdings
- SPEM 56%·EMXC 61%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
2363 of 2776 positions (53.2% of the fund) are not held by EMXC. Showing the top 30 by weight.
Only in EMXC
250 of 663 positions (39.3% of the fund) are not held by SPEM. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPEM | EMXC |
|---|---|---|
| Information Technology | 25.3% | 49.6% |
| Financials | 15.1% | 12.0% |
| Consumer Discretionary | 7.0% | 3.2% |
| Communication Services | 5.4% | 2.2% |
| Materials | 3.8% | 3.6% |
| Other Sectors | 8.7% | 9.5% |
| Unclassified | 43.5% | 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 (40% of SPEM, 20% of EMXC).
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% |
| 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 SPEM vs EMXC →
Shared Holdings(413)
The top 10 shared positions account for 42% of the overlap, led by 2330, 2454 and 2317.
 2330Taiwan Semiconductor Manufacturing Co Ltd | 14.02% | 17.94% | 14.02% |
|---|---|---|---|
 2454MediaTek Inc | 1.64% | 2.04% | 1.64% |
 2317Hon Hai Precision Industry Co Ltd | 0.96% | 1.13% | 0.96% |
 2308Delta Electronics Inc | 0.95% | 1.47% | 0.95% |
 HDFCBHDFC Bank Ltd | 0.75% | 0.87% | 0.75% |
 3711ASE Technology Holding Co Ltd | 0.70% | 0.62% | 0.62% |
 BHARTIBharti Airtel Ltd | 0.55% | 0.49% | 0.49% |
 1120Al Rajhi Bank | 0.44% | 0.52% | 0.44% |
 3037Unimicron Technology Corp | 0.44% | 0.43% | 0.43% |
 NPNNaspers Ltd | 0.40% | 0.40% | 0.40% |
 2383Elite Material Co Ltd | 0.38% | 0.48% | 0.38% |
 NUNU Holdings Ltd/Cayman Islands | 0.38% | 0.44% | 0.38% |
 GMEXICO-BGrupo Mexico SAB de CV | 0.37% | 0.38% | 0.37% |
 2891CTBC Financial Holding Co Ltd | 0.50% | 0.32% | 0.32% |
 AXSBAxis Bank Ltd | 0.30% | 0.30% | 0.30% |
 OTPOTP Bank Nyrt | 0.30% | 0.30% | 0.30% |
 GFIGold Fields Ltd | 0.29% | 0.35% | 0.29% |
 2881Fubon Financial Holding Co Ltd | 0.39% | 0.29% | 0.29% |
 2222Saudi Arabian Oil Co | 0.28% | 0.44% | 0.28% |
 1180Saudi National Bank/The | 0.26% | 0.31% | 0.26% |
 BAFBajaj Finance Ltd | 0.33% | 0.26% | 0.26% |
 2345Accton Technology Corp | 0.26% | 0.38% | 0.26% |
 FSRFirstRand Ltd | 0.26% | 0.28% | 0.26% |
 2882Cathay Financial Holding Co Ltd | 0.31% | 0.26% | 0.26% |
 GFNORTE-OGrupo Financiero Banorte SAB de CV | 0.25% | 0.26% | 0.25% |
Showing the top 250 of 413 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPEM and EMXC overlap?
SPEM and EMXC overlap by 48.9% of portfolio weight. They share 413 holdings (SPEM holds 2776 positions and EMXC holds 663), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPEM and EMXC?
The two portfolios are 48.9% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of SPEM and EMXC?
The largest positions held by both funds are 2330, 2454, 2317, 2308 and HDFCB. Together the top 10 shared positions account for 42% of the total overlap.
What does SPEM own that EMXC doesn't?
2363 positions (53.2% of SPEM) are unique to SPEM, led by 700, 9988 and 939. In the other direction, 250 positions (39.3% of EMXC) are unique to EMXC.