IEMG vs VWO: how much do they overlap?
iShares Core MSCI Emerging Markets ETF (IEMG) · Vanguard FTSE Emerging Markets ETF (VWO)
overlap by weight · 2084 shared holdings
IEMG: 2555 holdings (as of 2026-02-28) · VWO: 4983 holdings (as of 2026-04-30)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
High overlap
What this means
IEMG and VWO are largely the same portfolio. Holding both adds little diversification — most dollars end up in the same underlying stocks.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold — it answers "how much of my money is in the same stocks either way?" See methodology.
Top shared holdings
| Company | Ticker | in IEMG | in VWO |
|---|---|---|---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | — | 11.41% | 14.61% |
| Tencent Holdings Limited | — | 3.14% | 3.26% |
| Alibaba Group Holding Limited | — | 2.32% | 2.55% |
| HDFC BANK LIMITED | — | 0.82% | 0.8% |
| CHINA CONSTRUCTION BANK CORPORATION | — | 0.73% | 0.85% |
| HON HAI PRECISION INDUSTRY CO., LTD. | — | 0.72% | 0.74% |
| RELIANCE INDUSTRIES LIMITED | — | 0.7% | 0.9% |
| MediaTek Inc. | — | 0.7% | 1.06% |
| DELTA ELECTRONICS, INC. | — | 0.65% | 1.17% |
| ICICI BANK LIMITED | — | 0.57% | 0.61% |
FAQ
How much do IEMG and VWO overlap?
IEMG and VWO have a 72.8% overlap by weight, sharing 2084 holdings (out of 2555 in IEMG and 4983 in VWO), based on official issuer holdings as of 2026-02-28.
What does 72.8% overlap mean?
IEMG and VWO are largely the same portfolio. Holding both adds little diversification — most dollars end up in the same underlying stocks.
Which stocks do IEMG and VWO both hold?
The largest shared positions are Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Limited, Alibaba Group Holding Limited, HDFC BANK LIMITED, CHINA CONSTRUCTION BANK CORPORATION. The full list of top shared holdings with weights in each fund is shown on this page.