FNDE vs SPEM: holdings overlap, shared companies and scores
As of October 28, 2026, FNDE and SPEM overlap 42.1% by weight. Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE): Emerging market large stocks. State Street SPDR Portfolio Emerging Markets ETF (SPEM): Emerging market equities.
Updated October 28, 2026
Where FNDE and SPEM trade against their own history
FNDE trades at 10.5 times earnings, against its own median of 9.3, and is more expensive than 81% 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.
What moved FNDE and SPEM this week
FNDE fell 3.0% in the week to October 28, 2026. The holdings that moved it most were Petroleo Brasileiro SA Preference (−14.3%), Petroleo Brasileiro (−14.0%) and Vale (−9.6%); Sasol (+7.3%) pushed the other way.
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.
What do FNDE and SPEM each hold?
What's inside FNDE: Tech 20%, Semiconductors 9%.
27% of FNDE is its ten largest holdings.
What's inside SPEM: Tech 31%, Semiconductors 20%.
26% of SPEM is its ten largest holdings.
How much do FNDE and SPEM overlap? 42.1% by weight
As of October 28, 2026, FNDE and SPEM overlap 42.1% by weight.
82% of FNDE is already inside SPEM.
55% of SPEM is already inside FNDE.
FNDE holds 344 companies and SPEM holds 2,671; 279 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FNDE and SPEM? 3.6 and 4.7 out of 10
As of October 28, 2026, ETF Copilot scores FNDE 3.6 out of 10 and SPEM 4.7 out of 10.
They differ most on Quality: FNDE 2.3 and SPEM 5.7.
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 | FNDE | SPEM |
|---|---|---|
| Growth | 3.3 | 6.6 |
| Value | 1.9 | 3.7 |
| Risk | 4.8 | 5.1 |
| Quality | 2.3 | 5.7 |
| Return | 4.9 | 2.6 |
SPEM is the cheaper of the two at 0.07% a year
As of October 28, 2026, FNDE charges 0.39% a year, yields 3.62% and holds $10.1B in assets across 344 positions.
As of October 28, 2026, SPEM charges 0.07% a year, yields 2.62% and holds $16.4B in assets across 2671 positions.
| Measure | FNDE | SPEM |
|---|---|---|
| Expense ratio | 0.39% | 0.07% |
| Dividend yield | 3.62% | 2.62% |
| Assets under management | $10.1B | $16.4B |
| Holdings | 344 | 2671 |
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, “FNDE vs SPEM holdings overlap and scores”, as of October 28, 2026.
https://etf-copilot.com/compare/fnde-vs-spem
- Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE)
- State Street SPDR Portfolio Emerging Markets ETF (SPEM)
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