SPEM vs SCHE: Holdings Overlap
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
Holdings snapshots are 67 days apart (SPEM: 2026-08-06, SCHE: 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 SCHE?
State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776 positions; Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180. 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
- 1008SPEM holds 2776 · SCHE holds 2180
- Weight in Shared Holdings
- SPEM 83%·SCHE 82%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
1768 of 2776 positions (25.7% of the fund) are not held by SCHE. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPEM | SCHE |
|---|---|---|
| Information Technology | 25.3% | 29.1% |
| Financials | 15.1% | 13.4% |
| Consumer Discretionary | 7.0% | 7.0% |
| Communication Services | 5.4% | 5.9% |
| Materials | 3.8% | 3.7% |
| Other Sectors | 8.7% | 9.7% |
| Unclassified | 43.5% | 30.8% |
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, 31% of SCHE).
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% |
| SCHE | +3.4% | +13.1% | +22.4% | +17.1% | +6.7% | +8.0% | 2.57% |
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 SCHE →
Shared Holdings(1008)
The top 10 shared positions account for 37% of the overlap, led by 2330, 700 and 9988.
 2330Taiwan Semiconductor Manufacturing Co Ltd | 14.02% | 17.06% | 14.02% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 3.01% | 3.15% | 3.01% |
 9988Alibaba Group Holding Ltd | 2.36% | 2.57% | 2.36% |
 2454MediaTek Inc | 1.64% | 1.88% | 1.64% |
 2317Hon Hai Precision Industry Co Ltd | 0.96% | 1.04% | 0.96% |
 2308Delta Electronics Inc | 0.95% | 1.40% | 0.95% |
 939China Construction Bank Corp | 0.88% | 0.88% | 0.88% |
 HDFCBHDFC Bank Ltd | 0.75% | 0.83% | 0.75% |
 3711ASE Technology Holding Co Ltd | 0.70% | 0.59% | 0.59% |
 1398Industrial & Commercial Bank of China Ltd | 0.55% | 0.63% | 0.55% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.54% | 0.60% | 0.54% |
 BHARTIBharti Airtel Ltd | 0.55% | 0.54% | 0.54% |
 1810Xiaomi Corp | 0.47% | 0.57% | 0.47% |
 3690Meituan, B Shares | 0.48% | 0.46% | 0.46% |
 1120Al Rajhi Bank | 0.44% | 0.49% | 0.44% |
 3988Bank of China Ltd | 0.43% | 0.42% | 0.42% |
 3037Unimicron Technology Corp | 0.44% | 0.42% | 0.42% |
 9999NetEase Inc | 0.41% | 0.42% | 0.41% |
 2318Ping An Insurance Group Co of China Ltd | 0.40% | 0.46% | 0.40% |
 2383Elite Material Co Ltd | 0.38% | 0.44% | 0.38% |
 NPNNaspers Ltd | 0.40% | 0.37% | 0.37% |
 GMEXICO-BGrupo Mexico SAB de CV | 0.37% | 0.33% | 0.33% |
 1211BYD Co Ltd | 0.33% | 0.40% | 0.33% |
 9618JD.com Inc | 0.37% | 0.32% | 0.32% |
 2891CTBC Financial Holding Co Ltd | 0.50% | 0.32% | 0.32% |
Showing the top 250 of 1008 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPEM and SCHE overlap?
SPEM and SCHE overlap by 69.5% of portfolio weight. They share 1008 holdings (SPEM holds 2776 positions and SCHE holds 2180), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPEM and SCHE?
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 SPEM and SCHE?
The largest positions held by both funds are 2330, 700, 9988, 2454 and 2317. Together the top 10 shared positions account for 37% of the total overlap.
What does SPEM own that SCHE doesn't?
1768 positions (25.7% of SPEM) are unique to SPEM, led by RIGD, IBN and UMC. In the other direction, 1172 positions (17.5% of SCHE) are unique to SCHE.