SPEM vs VWO: holdings overlap, shared companies and scores
As of September 11, 2026, SPEM and VWO overlap 59.3% by weight. 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 SPEM and VWO overlap?
As of September 11, 2026, SPEM and VWO overlap 59.3% by weight.
90% of SPEM is already inside VWO.
84% of VWO is already inside SPEM.
SPEM holds 2,758 companies and VWO holds 5,045; 2,254 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 SPEM and VWO?
As of September 11, 2026, ETF Copilot scores SPEM 5.2 out of 10 and VWO 5.2 out of 10.
They differ most on Quality: 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 | SPEM | VWO |
|---|---|---|
| Growth | 8.3 | 8.5 |
| Valuation | 5.8 | 3.6 |
| Risk | 3.4 | 3.0 |
| Quality | 4.9 | 7.5 |
| Return | 3.3 | 2.8 |
VWO is the cheaper of the two at 0.06% a year
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 | SPEM | VWO |
|---|---|---|
| Expense ratio | 0.07% | 0.06% |
| Dividend yield | 3.08% | 2.62% |
| Assets under management | $18.0B | $162.3B |
| Holdings | 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 SPEM and VWO trade against their own history
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 VWO this week
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 SPEM and VWO each hold?
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, “SPEM vs VWO holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/spem-vs-vwo
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