MCHI vs SPEM overlap - what they share and where they differ
MCHI and SPEM share 21.7% of their weight across 386 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.
MCHI and SPEM
21.7%
386 shared positions
MCHI
iShares MSCI China ETF
Reported positions cover 96% of the fund, 500 positions · Aug 31, 2026
Top 10: 42.0%·Holdings of MCHI
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 MCHI 96%, 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 MCHI side by side
MCHIiShares MSCI China ETF
500
stock positions reported to the SEC
3.9% of its weight is in 114 names SPEM does not hold
SPEMState Street(R) SPDR(R) Portfolio Emerging Markets ETF
2,718
stock positions reported to the SEC
77.3% of its weight is in 2,332 names MCHI does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: SPEM has 6.6 points more of it.
The figures side by side
| MCHI | SPEM | |
|---|---|---|
| Filing date | Aug 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 500 | 2,718 |
| Weight of the ten largest | 42.0% | 26.7% |
| Largest position | TENCENT HOLDINGS LIMITED 13.9% | TSM 14.7% |
| Held alone | 114 positions, 3.9% | 2,332 positions, 77.3% |
| Covered by stock positions | 96% | 100% |
Holdings they share
| Stock | In MCHI | In SPEM | Counted |
|---|---|---|---|
| TENCENT HOLDINGS LIMITED | 13.93% | 2.74% | 2.74% |
| BABAAlibaba Group Holding Limited | 9.42% | 1.79% | 1.79% |
| CHINA CONSTRUCTION BANK CORPORATION | 4.08% | 0.81% | 0.81% |
| SUGPSUNWODA ELECTRONIC CO., LTD | 0.64% | 1.14% | 0.64% |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | 2.64% | 0.53% | 0.53% |
| BANK OF CHINA LIMITED | 2.07% | 0.44% | 0.44% |
| NTESNETEASE, INC. | 1.68% | 0.42% | 0.42% |
| PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD. | 2.05% | 0.39% | 0.39% |
| XIAOMI CORPORATION | 2.37% | 0.39% | 0.39% |
| MEITUAN | 1.98% | 0.36% | 0.36% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in MCHI
Only in SPEM
Questions people ask
Is MCHI the same as SPEM?
21.7% of their weight sits in the same 386 holdings. MCHI also reports CHINA GOLD INTERNATIONAL RESOURCES CORP. LTD., ZIJIN GOLD INTERNATIONAL CO LTD, SENSETIME GROUP INC, which the other does not. SPEM also reports TSM, MEDIATEK INC., DELTA ELECTRONICS, INC., which the other does not.
How is the overlap between MCHI 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 96% of MCHI and 100% of SPEM, so the number cannot exceed the smaller coverage.
Which holds more, SPEM or MCHI?
MCHI reports 500 stock positions and SPEM reports 2,718. 3.9% of MCHI's weight sits in names SPEM does not hold, and 77.3% of SPEM's weight in names MCHI does not hold. The ten largest positions are 42.0% of MCHI and 26.7% of SPEM.
How do MCHI and SPEM differ by sector?
The widest gap is Technology: SPEM has 6.6 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.