EEM vs VWO overlap - what they share and where they differ
EEM and VWO share 66.0% of their weight across 830 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
EEM and VWO
66.0%
830 shared positions
EEM
iShares MSCI Emerging Markets ETF
Reported positions cover 97% of the fund, 1,060 positions · Aug 31, 2026
Top 10: 38.0%·Holdings of EEM
VWO
VANGUARD EMERGING MARKETS STOCK INDEX FUND
Reported positions cover 98% of the fund, 4,548 positions · Jul 31, 2026
Top 10: 27.5%·Holdings of VWO
Reported positions cover EEM 97%, VWO 98% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
VWO vs EEM side by side
EEMiShares MSCI Emerging Markets ETF
1,060
stock positions reported to the SEC
28.8% of its weight is in 230 names VWO does not hold
VWOVANGUARD EMERGING MARKETS STOCK INDEX FUND
4,548
stock positions reported to the SEC
24.3% of its weight is in 3,718 names EEM does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: EEM has 3.0 points more of it.
The figures side by side
| EEM | VWO | |
|---|---|---|
| Filing date | Aug 31, 2026 | Jul 31, 2026 |
| Stock positions reported | 1,060 | 4,548 |
| Weight of the ten largest | 38.0% | 27.5% |
| Largest position | TSM 15.0% | TSM 15.6% |
| Held alone | 230 positions, 28.8% | 3,718 positions, 24.3% |
| Covered by stock positions | 97% | 98% |
Holdings they share
| Stock | In EEM | In VWO | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Company Limited | 15.03% | 15.59% | 15.03% |
| TENCENT HOLDINGS LIMITED | 2.87% | 3.31% | 2.87% |
| BABAAlibaba Group Holding Limited | 1.94% | 2.41% | 1.94% |
| MEDIATEK INC. | 1.45% | 1.36% | 1.36% |
| CHINA CONSTRUCTION BANK CORPORATION | 0.84% | 0.92% | 0.84% |
| DELTA ELECTRONICS, INC. | 0.92% | 0.82% | 0.82% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.78% | 0.81% | 0.78% |
| HDBHDFC BANK LIMITED | 0.70% | 0.78% | 0.70% |
| RSRELIANCE INDUSTRIES LIMITED | 0.66% | 0.81% | 0.66% |
| IBNICICI BANK LIMITED | 0.64% | 0.69% | 0.64% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in EEM
Only in VWO
Questions people ask
Is EEM the same as VWO?
66.0% of their weight sits in the same 830 holdings. EEM also reports SAMSUNG ELECTRONICS CO., LTD., SKHY, PBR, which the other does not. VWO also reports PDD, AL RAJHI BANK, PETROLEO BRASILEIRO SA, which the other does not.
How is the overlap between EEM and VWO measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 97% of EEM and 98% of VWO, so the number cannot exceed the smaller coverage.
Which holds more, VWO or EEM?
EEM reports 1,060 stock positions and VWO reports 4,548. 28.8% of EEM's weight sits in names VWO does not hold, and 24.3% of VWO's weight in names EEM does not hold. The ten largest positions are 38.0% of EEM and 27.5% of VWO.
How do EEM and VWO differ by sector?
The widest gap is Technology: EEM has 3.0 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.