FXI vs VWO overlap - what they share and where they differ
FXI and VWO share 15.3% of their weight across 49 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.
FXI and VWO
15.3%
49 shared positions
FXI
iShares China Large-Cap ETF
Reported positions cover 99% of the fund, 50 positions · Jul 31, 2026
Top 10: 58.5%·Holdings of FXI
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 FXI 99%, 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 FXI side by side
FXIiShares China Large-Cap ETF
50
stock positions reported to the SEC
0.5% of its weight is in 1 names VWO does not hold
VWOVANGUARD EMERGING MARKETS STOCK INDEX FUND
4,548
stock positions reported to the SEC
82.6% of its weight is in 4,499 names FXI does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: VWO has 4.0 points more of it.
The figures side by side
| FXI | VWO | |
|---|---|---|
| Filing date | Jul 31, 2026 | Jul 31, 2026 |
| Stock positions reported | 50 | 4,548 |
| Weight of the ten largest | 58.5% | 27.5% |
| Largest position | BABA 9.4% | TSM 15.6% |
| Held alone | 1 positions, 0.5% | 4,499 positions, 82.6% |
| Covered by stock positions | 99% | 98% |
Holdings they share
| Stock | In FXI | In VWO | Counted |
|---|---|---|---|
| TENCENT HOLDINGS LIMITED | 8.93% | 3.31% | 3.31% |
| BABAAlibaba Group Holding Limited | 9.36% | 2.41% | 2.41% |
| CHINA CONSTRUCTION BANK CORPORATION | 8.85% | 0.92% | 0.92% |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | 6.16% | 0.72% | 0.72% |
| MEITUAN | 5.13% | 0.56% | 0.56% |
| XIAOMI CORPORATION | 5.09% | 0.55% | 0.55% |
| PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD. | 3.85% | 0.47% | 0.47% |
| BANK OF CHINA LIMITED | 3.78% | 0.43% | 0.43% |
| BYD COMPANY LIMITED | 3.51% | 0.43% | 0.43% |
| NTESNETEASE, INC. | 3.85% | 0.42% | 0.42% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in FXI
Only in VWO
Questions people ask
Is FXI the same as VWO?
15.3% of their weight sits in the same 49 holdings. FXI also reports GUOTAI HAITONG SECURITIES CO., LTD., which the other does not. VWO also reports TSM, MEDIATEK INC., DELTA ELECTRONICS, INC., which the other does not.
How is the overlap between FXI 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 99% of FXI and 98% of VWO, so the number cannot exceed the smaller coverage.
Which holds more, VWO or FXI?
FXI reports 50 stock positions and VWO reports 4,548. 0.5% of FXI's weight sits in names VWO does not hold, and 82.6% of VWO's weight in names FXI does not hold. The ten largest positions are 58.5% of FXI and 27.5% of VWO.
How do FXI and VWO differ by sector?
The widest gap is Technology: VWO has 4.0 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.