EEM vs IEMG vs SPEM vs VWO: holdings overlap, shared companies and scores
As of September 11, 2026, EEM and IEMG overlap most of EEM, IEMG, SPEM and VWO, at 87.8% by weight, and IEMG and SPEM least, at 48.7%. iShares MSCI Emerging Markets ETF (EEM): Emerging market equities. iShares Core MSCI Emerging Markets ETF (IEMG): Broad emerging market equities. State Street SPDR Portfolio Emerging Markets ETF (SPEM): Emerging market equities. Vanguard FTSE Emerging Markets ETF (VWO): Emerging market stocks.
Updated September 11, 2026
How much do EEM, IEMG, SPEM and VWO overlap?
As of September 11, 2026, of the six published pairs among EEM, IEMG, SPEM and VWO, EEM and IEMG overlap most at 87.8% by weight, and IEMG and SPEM least at 48.7%.
EEM holds 1,184, IEMG holds 2,796, SPEM holds 2,758 and VWO holds 5,045 companies.
- EEM and IEMG: 87.8% by weight, 1,179 companies in both.
- IEMG and VWO: 70.4% by weight, 2,174 companies in both.
- EEM and VWO: 69.2% by weight, 1,019 companies in both.
- SPEM and VWO: 59.3% by weight, 2,254 companies in both.
- EEM and SPEM: 50.1% by weight, 836 companies in both.
- IEMG and SPEM: 48.7% by weight, 1,481 companies in both.
Computed by ETF Copilot from these funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score EEM, IEMG, SPEM and VWO?
As of September 11, 2026, ETF Copilot scores EEM 6.1 out of 10, IEMG 6.5 out of 10, SPEM 5.2 out of 10 and VWO 5.2 out of 10.
They differ most on Quality: EEM 8.6, IEMG 8.2, SPEM 4.9 and VWO 7.5.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | EEM | IEMG | SPEM | VWO |
|---|---|---|---|---|
| Growth | 9.6 | 9.4 | 8.3 | 8.5 |
| Valuation | 4.2 | 3.7 | 5.8 | 3.6 |
| Risk | 2.3 | 5.7 | 3.4 | 3.0 |
| Quality | 8.6 | 8.2 | 4.9 | 7.5 |
| Return | 4.6 | 5.0 | 3.3 | 2.8 |
VWO is the cheapest of the 4 at 0.06% a year
As of September 11, 2026, EEM charges 0.72% a year, yields 2.33% and holds $31.8B in assets across 1184 positions.
As of September 11, 2026, IEMG charges 0.09% a year, yields 2.35% and holds $163.8B in assets across 2796 positions.
As of September 11, 2026, SPEM charges 0.07% a year, yields 3.08% and holds $18.0B in assets across 2758 positions.
As of September 11, 2026, VWO charges 0.06% a year, yields 2.62% and holds $162.3B in assets across 5045 positions.
| Measure | EEM | IEMG | SPEM | VWO |
|---|---|---|---|---|
| Expense ratio | 0.72% | 0.09% | 0.07% | 0.06% |
| Dividend yield | 2.33% | 2.35% | 3.08% | 2.62% |
| Assets under management | $31.8B | $163.8B | $18.0B | $162.3B |
| Holdings | 1184 | 2796 | 2758 | 5045 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Where EEM, IEMG, SPEM and VWO trade against their own history
EEM trades at 14.2 times earnings, against its own median of 12.9, and is more expensive than 79% of its own 114 monthly readings since 2017.
IEMG trades at 14.3 times earnings, against its own median of 13.0, and is more expensive than 78% of its own 114 monthly readings since 2017.
SPEM trades at 14.2 times earnings, against its own median of 13.3, and is more expensive than 73% of its own 114 monthly readings since 2017.
VWO trades at 14.9 times earnings, against its own median of 13.2, and is more expensive than 82% of its own 114 monthly readings since 2017.
What moved EEM and VWO this week
EEM rose 0.5% in the week to September 11, 2026. The holdings that moved it most were SK Hynix (+14.8%), Samsung Electronics (+4.9%) and Taiwan Semiconductor (+1.9%); Delta Elec (−7.0%) pushed the other way.
VWO fell 1.0% in the week to September 11, 2026. The holdings that moved it most were Alibaba (−3.1%), Delta Elec (−7.0%) and Reliance Industries (−4.5%); Taiwan Semiconductor (+1.9%) pushed the other way.
What do EEM, IEMG, SPEM and VWO each hold?
What's inside EEM: Tech 27%, Memory 17%.
38% of EEM is its ten largest holdings.
What's inside IEMG: Tech 27%, Memory 15%.
34% of IEMG is its ten largest holdings.
What's inside SPEM: Tech 20%, Semiconductors 7%.
15% of SPEM is its ten largest holdings.
What's inside VWO: Tech 14%, Semiconductors 5%.
29% of VWO is its ten largest holdings.
Compare with similar funds
Cite this
ETF Copilot, “EEM vs IEMG vs SPEM vs VWO holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/eem-vs-iemg-vs-spem-vs-vwo
- iShares MSCI Emerging Markets ETF (EEM)
- iShares Core MSCI Emerging Markets ETF (IEMG)
- State Street SPDR Portfolio Emerging Markets ETF (SPEM)
- Vanguard FTSE Emerging Markets ETF (VWO)
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