IEMG vs VWO overlap - what they share and where they differ
IEMG and VWO share 65.8% of their weight across 1,709 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.
IEMG and VWO
65.8%
1,709 shared positions
IEMG
iShares Core MSCI Emerging Markets ETF
Reported positions cover 97% of the fund, 2,599 positions · Aug 31, 2026
Top 10: 33.3%·Holdings of IEMG
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 IEMG 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 IEMG side by side
IEMGiShares Core MSCI Emerging Markets ETF
2,599
stock positions reported to the SEC
29.2% of its weight is in 890 names VWO does not hold
VWOVANGUARD EMERGING MARKETS STOCK INDEX FUND
4,548
stock positions reported to the SEC
16.2% of its weight is in 2,839 names IEMG does not hold
Where each fund's weight sits
Largest sectors for both funds
No sector differs by more than a point between the two.
The figures side by side
| IEMG | VWO | |
|---|---|---|
| Filing date | Aug 31, 2026 | Jul 31, 2026 |
| Stock positions reported | 2,599 | 4,548 |
| Weight of the ten largest | 33.3% | 27.5% |
| Largest position | TSM 13.2% | TSM 15.6% |
| Held alone | 890 positions, 29.2% | 2,839 positions, 16.2% |
| Covered by stock positions | 97% | 98% |
Holdings they share
| Stock | In IEMG | In VWO | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Company Limited | 13.17% | 15.59% | 13.17% |
| TENCENT HOLDINGS LIMITED | 2.52% | 3.31% | 2.52% |
| BABAAlibaba Group Holding Limited | 1.70% | 2.41% | 1.70% |
| MEDIATEK INC. | 1.27% | 1.36% | 1.27% |
| DELTA ELECTRONICS, INC. | 0.80% | 0.82% | 0.80% |
| CHINA CONSTRUCTION BANK CORPORATION | 0.74% | 0.92% | 0.74% |
| HON HAI PRECISION INDUSTRY CO., LTD. | 0.68% | 0.81% | 0.68% |
| HDBHDFC BANK LIMITED | 0.60% | 0.78% | 0.60% |
| RSRELIANCE POWER LIMITED | 0.58% | 0.81% | 0.58% |
| IBNICICI BANK LIMITED | 0.56% | 0.69% | 0.56% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in IEMG
Only in VWO
Questions people ask
Is IEMG the same as VWO?
65.8% of their weight sits in the same 1,709 holdings. IEMG 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 IEMG 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 IEMG and 98% of VWO, so the number cannot exceed the smaller coverage.
Which holds more, VWO or IEMG?
IEMG reports 2,599 stock positions and VWO reports 4,548. 29.2% of IEMG's weight sits in names VWO does not hold, and 16.2% of VWO's weight in names IEMG does not hold. The ten largest positions are 33.3% of IEMG and 27.5% of VWO.
How do IEMG and VWO differ by sector?
No sector differs by more than a point between the two. 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.