SPEM vs VWO overlap - what they share and where they differ
SPEM and VWO share 76.1% of their weight across 2,203 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.
SPEM and VWO
76.1%
2,203 shared positions
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
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 SPEM 100%, 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 SPEM side by side
SPEMState Street(R) SPDR(R) Portfolio Emerging Markets ETF
2,718
stock positions reported to the SEC
6.0% of its weight is in 515 names VWO does not hold
VWOVANGUARD EMERGING MARKETS STOCK INDEX FUND
4,548
stock positions reported to the SEC
10.1% of its weight is in 2,345 names SPEM 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
| SPEM | VWO | |
|---|---|---|
| Filing date | Jun 30, 2026 | Jul 31, 2026 |
| Stock positions reported | 2,718 | 4,548 |
| Weight of the ten largest | 26.7% | 27.5% |
| Largest position | TSM 14.7% | TSM 15.6% |
| Held alone | 515 positions, 6.0% | 2,345 positions, 10.1% |
| Covered by stock positions | 100% | 98% |
Holdings they share
| Stock | In SPEM | In VWO | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Co Ltd | 14.65% | 15.59% | 14.65% |
| TENCENT HOLDINGS LIMITEDTencent Holdings Ltd | 2.74% | 3.31% | 2.74% |
| BABAAlibaba Group Holding Ltd | 1.79% | 2.41% | 1.79% |
| MEDIATEK INC.MediaTek Inc | 1.82% | 1.36% | 1.36% |
| DELTA ELECTRONICS, INC.Delta Electronics Inc | 1.13% | 0.82% | 0.82% |
| CHINA CONSTRUCTION BANK CORPORATIONChina Construction Bank Corp | 0.81% | 0.92% | 0.81% |
| HON HAI PRECISION INDUSTRY CO., LTD.Hon Hai Precision Industry Co Ltd | 0.93% | 0.81% | 0.81% |
| RSReliance Power Ltd | 0.81% | 0.81% | 0.81% |
| HDBHDFC Bank Ltd | 0.84% | 0.78% | 0.78% |
| IBNICICI Bank Ltd | 0.71% | 0.69% | 0.69% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in SPEM
Only in VWO
Questions people ask
Is SPEM the same as VWO?
76.1% of their weight sits in the same 2,203 holdings. SPEM also reports PBR, BAP, POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKI SA, which the other does not. VWO also reports AU, PETROLEO BRASILEIRO SA, ZOMATO LTD, which the other does not.
How is the overlap between SPEM 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 100% of SPEM and 98% of VWO, so the number cannot exceed the smaller coverage.
Which holds more, VWO or SPEM?
SPEM reports 2,718 stock positions and VWO reports 4,548. 6.0% of SPEM's weight sits in names VWO does not hold, and 10.1% of VWO's weight in names SPEM does not hold. The ten largest positions are 26.7% of SPEM and 27.5% of VWO.
How do SPEM 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.
Add a third fund in the tool·All fund pairs
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.