SPEM vs VSS: Holdings Overlap
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
VSSVanguard FTSE All-world Ex-us Small-cap Index Fund
Vanguard · 4810 holdings · $11.7B · as of 2026-04-30
Holdings snapshots are 98 days apart (SPEM: 2026-08-06, VSS: 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 SPEM and VSS?
State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776 positions; Vanguard FTSE All-world Ex-us Small-cap Index Fund (VSS, by Vanguard) holds 4810. They have 444 holdings in common, and by portfolio weight the two funds are 4.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 444SPEM holds 2776 · VSS holds 4810
- Weight in Shared Holdings
- SPEM 6%·VSS 10%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
2332 of 2776 positions (102.5% of the fund) are not held by VSS. Showing the top 30 by weight.
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% |
| VSS | +3.4% | +11.3% | +19.8% | +15.6% | +6.0% | +8.0% | 3.14% |
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 VSS →
Shared Holdings(444)
The top 10 shared positions account for 16% of the overlap, led by 2337, 2313 and RDCK.
 2337Macronix International Co Ltd | 0.08% | 0.24% | 0.08% |
|---|---|---|---|
 2313Compeq Manufacturing Co Ltd | 0.08% | 0.21% | 0.08% |
 RDCKRadico Khaitan Ltd | 0.07% | 0.07% | 0.07% |
 OPLOrange Polska SA | 0.08% | 0.07% | 0.07% |
 6274Taiwan Union Technology Corp | 0.07% | 0.22% | 0.07% |
 CDRCD Projekt SA | 0.07% | 0.14% | 0.07% |
 1785Solar Applied Materials Technology Corp | 0.13% | 0.07% | 0.07% |
 ACPAsseco Poland SA | 0.06% | 0.07% | 0.06% |
 1133Harbin Electric Co Ltd | 0.08% | 0.05% | 0.05% |
 2467C Sun Manufacturing Ltd | 0.20% | 0.05% | 0.05% |
 6805Fositek Corp. TWD10 | 0.05% | 0.09% | 0.05% |
 IOIPGIOI Properties Group Bhd | 0.07% | 0.05% | 0.05% |
 3189Kinsus Interconnect Technology Corp | 0.04% | 0.15% | 0.04% |
 8021Topoint Technology Co Ltd | 0.05% | 0.04% | 0.04% |
 8996Kaori Heat Treatment Co Ltd | 0.04% | 0.08% | 0.04% |
 FRONTKNFrontken Corp Bhd | 0.04% | 0.04% | 0.04% |
 SAILIFESai Lifesciences Ltd. INR1 | 0.05% | 0.04% | 0.04% |
 NFILNavin Fluorine International Ltd | 0.04% | 0.07% | 0.04% |
 BURSABursa Malaysia Bhd | 0.05% | 0.04% | 0.04% |
 8112Supreme Electronics Co Ltd | 0.11% | 0.04% | 0.04% |
 HSCHHimadri Speciality Chemical Ltd | 0.03% | 0.03% | 0.03% |
 6139L&K Engineering Co Ltd | 0.03% | 0.09% | 0.03% |
 PGEPGE Polska Grupa Energetyczna SA | 0.03% | 0.07% | 0.03% |
 WPLWockhardt Ltd | 0.07% | 0.03% | 0.03% |
 5536Acter Group Corp Ltd | 0.03% | 0.07% | 0.03% |
Showing the top 250 of 444 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPEM and VSS overlap?
SPEM and VSS overlap by 4.2% of portfolio weight. They share 444 holdings (SPEM holds 2776 positions and VSS holds 4810), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPEM and VSS?
The two portfolios are 4.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SPEM and VSS?
The largest positions held by both funds are 2337, 2313, RDCK, OPL and 6274. Together the top 10 shared positions account for 16% of the total overlap.
What does SPEM own that VSS doesn't?
2332 positions (102.5% of SPEM) are unique to SPEM, led by 2330, 700 and 9988. In the other direction, 4366 positions (89.1% of VSS) are unique to VSS.