INDA vs SPEM overlap - what they share and where they differ
INDA and SPEM share 13.6% of their weight across 150 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.
INDA and SPEM
13.6%
150 shared positions
INDA
iShares MSCI India ETF
Reported positions cover 99% of the fund, 164 positions · Aug 31, 2026
Top 10: 34.2%·Holdings of INDA
SPEM
State Street(R) SPDR(R) Portfolio Emerging Markets ETF
Reported positions cover 100% of the fund, 2,718 positions · Jun 30, 2026
Top 10: 26.7%·Holdings of SPEM
Reported positions cover INDA 99%, SPEM 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SPEM vs INDA side by side
INDAiShares MSCI India ETF
164
stock positions reported to the SEC
3.8% of its weight is in 14 names SPEM does not hold
SPEMState Street(R) SPDR(R) Portfolio Emerging Markets ETF
2,718
stock positions reported to the SEC
86.1% of its weight is in 2,568 names INDA does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: SPEM has 16.2 points more of it.
The figures side by side
| INDA | SPEM | |
|---|---|---|
| Filing date | Aug 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 164 | 2,718 |
| Weight of the ten largest | 34.2% | 26.7% |
| Largest position | HDB 5.9% | TSM 14.7% |
| Held alone | 14 positions, 3.8% | 2,568 positions, 86.1% |
| Covered by stock positions | 99% | 100% |
Holdings they share
| Stock | In INDA | In SPEM | Counted |
|---|---|---|---|
| SUGPTHE SUPREME INDUSTRIES LIMITED | 2.10% | 1.14% | 1.14% |
| HDBHDFC BANK LIMITED | 5.92% | 0.84% | 0.84% |
| RSRELIANCE INDUSTRIES LIMITED | 5.85% | 0.81% | 0.81% |
| IBNICICI BANK LIMITED | 5.64% | 0.71% | 0.71% |
| BHARTI AIRTEL LIMITED | 3.73% | 0.53% | 0.53% |
| AXIS BANK LIMITED | 2.18% | 0.33% | 0.33% |
| INFYINFOSYS LIMITED | 2.60% | 0.33% | 0.33% |
| BAJAJ FINANCE LIMITED | 1.98% | 0.30% | 0.30% |
| LARSEN AND TOUBRO LIMITED | 2.05% | 0.28% | 0.28% |
| MAHINDRA AND MAHINDRA LIMITED | 2.15% | 0.24% | 0.24% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in INDA
Only in SPEM
Questions people ask
Is INDA the same as SPEM?
13.6% of their weight sits in the same 150 holdings. INDA also reports TATA MOTORS LIMITED, CIPLA LIMITED, BSE LIMITED, which the other does not. SPEM also reports TSM, TENCENT HOLDINGS LIMITED, MEDIATEK INC., which the other does not.
How is the overlap between INDA and SPEM 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 INDA and 100% of SPEM, so the number cannot exceed the smaller coverage.
Which holds more, SPEM or INDA?
INDA reports 164 stock positions and SPEM reports 2,718. 3.8% of INDA's weight sits in names SPEM does not hold, and 86.1% of SPEM's weight in names INDA does not hold. The ten largest positions are 34.2% of INDA and 26.7% of SPEM.
How do INDA and SPEM differ by sector?
The widest gap is Technology: SPEM has 16.2 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.