EEM vs IEMG vs SPEM vs VWO: holdings overlap, shared companies and scores
As of October 28, 2026, EEM and IEMG overlap most of EEM, IEMG, SPEM and VWO, at 87.8% by weight, and IEMG and SPEM least, at 65.6%. 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 October 28, 2026
Where EEM, IEMG, SPEM and VWO trade against their own history
EEM trades at 13.3 times earnings, against its own median of 13.4, and is cheaper than 54% of its own last 9 years.
IEMG trades at 13.4 times earnings, against its own median of 13.5, and is cheaper than 51% of its own last 9 years.
SPEM trades at 14.9 times earnings, against its own median of 14.1, and is more expensive than 69% of its own last 9 years.
VWO trades at 15.2 times earnings, against its own median of 13.8, and is more expensive than 71% of its own last 9 years.
What moved SPEM and VWO this week
SPEM fell 2.0% in the week to October 28, 2026. The holdings that moved it most were Alibaba (−4.6%), Itau Unibanco (−23.7%) and Nu Holdings (−20.5%); Mediatek (+2.4%) pushed the other way.
VWO fell 2.0% in the week to October 28, 2026. The holdings that moved it most were Alibaba (−4.6%), Itau Unibanco (−23.3%) and B3 SA - Brasil Bolsa Balcao (−41.1%); Mediatek (+2.4%) pushed the other way.
What do EEM, IEMG, SPEM and VWO each hold?
What's inside EEM: Tech 43%, Semiconductors 26%.
38% of EEM is its ten largest holdings.
What's inside IEMG: Tech 40%, Semiconductors 24%.
33% of IEMG is its ten largest holdings.
What's inside SPEM: Tech 31%, Semiconductors 20%.
26% of SPEM is its ten largest holdings.
What's inside VWO: Tech 34%, Semiconductors 23%.
29% of VWO is its ten largest holdings.
How much do EEM, IEMG, SPEM and VWO overlap? From 65.6% to 87.8% by weight
As of October 28, 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 65.6%.
EEM holds 1,188, IEMG holds 2,824, SPEM holds 2,671 and VWO holds 4,974 companies.
- EEM and IEMG: 87.8% by weight, 1,188 companies in both.
- IEMG and VWO: 75.3% by weight, 2,209 companies in both.
- EEM and VWO: 74.3% by weight, 1,023 companies in both.
- SPEM and VWO: 73.7% by weight, 2,187 companies in both.
- EEM and SPEM: 66.5% by weight, 846 companies in both.
- IEMG and SPEM: 65.6% by weight, 1,494 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? 5.9, 5.8, 4.7 and 4.6 out of 10
As of October 28, 2026, ETF Copilot scores EEM 5.9 out of 10, IEMG 5.8 out of 10, SPEM 4.7 out of 10 and VWO 4.6 out of 10.
They differ most on Value: EEM 5.4, IEMG 5.1, SPEM 3.7 and VWO 2.7.
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 | 9.1 | 8.9 | 6.6 | 7.0 |
| Value | 5.4 | 5.1 | 3.7 | 2.7 |
| Risk | 3.2 | 3.6 | 5.1 | 5.0 |
| Quality | 7.4 | 6.9 | 5.7 | 6.2 |
| Return | 3.8 | 4.0 | 2.6 | 2.2 |
VWO is the cheapest of the 4 at 0.06% a year
As of October 28, 2026, EEM charges 0.72% a year, yields 1.76% and holds $28.8B in assets across 1188 positions.
As of October 28, 2026, IEMG charges 0.09% a year, yields 2.32% and holds $148.9B in assets across 2824 positions.
As of October 28, 2026, SPEM charges 0.07% a year, yields 2.62% and holds $16.4B in assets across 2671 positions.
As of October 28, 2026, VWO charges 0.06% a year, yields 2.13% and holds $171.3B in assets across 4974 positions.
| Measure | EEM | IEMG | SPEM | VWO |
|---|---|---|---|---|
| Expense ratio | 0.72% | 0.09% | 0.07% | 0.06% |
| Dividend yield | 1.76% | 2.32% | 2.62% | 2.13% |
| Assets under management | $28.8B | $148.9B | $16.4B | $171.3B |
| Holdings | 1188 | 2824 | 2671 | 4974 |
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.
Compare with similar funds
Cite this
ETF Copilot, “EEM vs IEMG vs SPEM vs VWO holdings overlap and scores”, as of October 28, 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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