SPEM holdings and overlap

Name: SPEM holdings, overlap with other US ETFs, cost and risk
Creator: TickerInside
License: https://creativecommons.org/licenses/by/4.0/

State Street SPDR Portfolio Emerging Markets ETF (SPEM) holds 2,714 positions in its SPDR file of 2026-10-27. Its three largest are Taiwan Semiconductor Manufac (2330.TW) at 14.63%, Tencent Holdings Ltd (700.HK) at 2.49% and Alibaba Group Holding Ltd (9988.HK) at 1.98%, and its ten largest make up 25.7% of the fund.

In its SPDR file of 2026-10-27, SPEM holds none of the mega-cap tech companies and none of the ten largest US companies by market value. By country, 33.2% of SPEM is in Taiwan, 24.7% in China, 13.9% in India and 4.3% in Brazil.

Edited by VoidLab Data through 2026-10-28 Last revised 2026-10-28

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SPEMState Street SPDR Portfolio Emerging Markets ETFEmerging Markets, State Street SPDR, 2714 positions

Last close, 2026-10-28

$49.81 +0.38%

52-week range 45 to 53

Largest position

2330.TW

14.63% of the ETF, Taiwan Semiconductor Manufac

Positions

2714

25.7% in the ten largest

Cost per year

0.07%

$7 a year on $10,000

Assets

$17.5B

under management

Return, 3 years

+60.2%

cumulative, total return

Worst fall

-12.0%

peak to trough, 3 years, weekly closes

What does SPEM hold, as of its issuer file of 2026-10-27?

SPEM spreads its weight across 2714 positions, against a median of 834 across the 26 Emerging Markets funds with a page here. 42 of the 594 funds with a page hold 2330.TW, and SPEM gives it more weight than all but 11 of them.

The 100 largest of the 2,714 positions in SPEM's file; all 2,714 are in the fund's JSON file.
Rank	Company	Weight
1	2330.TW Taiwan Semiconductor Manufac	14.63%
2	700.HK Tencent Holdings Ltd	2.49%
3	9988.HK Alibaba Group Holding Ltd	1.98%
4	2454.TW Mediatek Inc	1.64%
5	939.HK China Construction Bank H	1.04%
6	2317.TW Hon Hai Precision Industry	0.89%
7	2308.TW Delta Electronics Inc	0.81%
8	RIGD.GB Reliance Inds Spons GDR 144A	0.75%
9	HDFCB.IN HDFC Bank Limited	0.74%
10	IBN ICICI Bank Limited	0.74%
11	3711.TW Ase Technology Holding Co LT	0.7%
12	1398.HK Ind + Comm BK of China H	0.61%
13	2891.TW CTBC Financial Holding Co LT	0.6%
14	BHARTI.IN Bharti Airtel Ltd	0.59%
15	3988.HK Bank of China Ltd	0.52%
16	2881.TW Fubon Financial Holding Co	0.5%
17	PDD PDD Holdings Inc	0.49%
18	1303.TW Nan Ya Plastics Corp	0.48%
19	1810.HK Xiaomi Corp	0.48%
20	UMC United Microelectron SP ADR	0.44%
21	1120.SA Al Rajhi Bank	0.43%
22	3037.TW Unimicron Technology Corp	0.43%
23	INFY Infosys Ltd SP ADR	0.4%
24	3690.HK Meituan	0.39%
25	NU Nu Holdings Ltd. Class A	0.39%
26	9999.HK Netease Inc	0.38%
27	GMEXICOB.MX Grupo Mexico SAB de CV Ser B	0.38%
28	2882.TW Cathay Financial Holding Co	0.37%
29	ITUB Itau Unibanco H Spon PRF ADR	0.37%
30	2383.TW Elite Material Co Ltd	0.37%
31	2318.HK Ping An Insurance Group Co	0.36%
32	PBR.A Petroleo Brasil SP Pref ADR	0.36%
33	2890.TW Sinopac Financial Holdings	0.35%
34	PBR Petroleo Brasileiro S.A. Petrobras	0.34%
35	NPN.ZA Naspers Ltd	0.32%
36	VALE Vale SA SP ADR	0.31%
37	AXSB.IN Axis Bank Ltd	0.31%
38	9618.HK JD.COM Inc	0.3%
39	2222.SA Saudi Arabian Oil Co	0.29%
40	GFI.ZA Gold Fields Ltd	0.29%
41	DELTA.F.TH Delta Electronics Thai Forgn	0.29%
42	2887.TW TS Financial Holding Co Ltd	0.29%
43	2880.TW Hua Nan Financial Holdings C	0.28%
44	OTP.HU Otp Bank PLC	0.28%
45	BAF.IN Bajaj Finance Ltd	0.28%
46	PKO.PL Pko Bank Polski SA	0.28%
47	1211.HK BYD Co Ltd	0.27%
48	TCS.IN Tata Consultancy SVCS Ltd	0.27%
49	2883.TW Kgi Financial Holding Co Ltd	0.27%
50	KMB.IN Kotak Mahindra Bank Ltd	0.27%
51	857.HK Petrochina Co Ltd	0.26%
52	GFNORTEO.MX Grupo Financiero Banorte O	0.26%
53	LTOD Larsen + Toubro GDR Reg S	0.26%
54	2382.TW Quanta Computer Inc	0.25%
55	BAP Credicorp	0.25%
56	1180.SA The Saudi National Bank	0.25%
57	NBK.KW National Bank of Kuwait	0.25%
58	2899.HK Zijin Mining Group Co Ltd	0.24%
59	SUNP.IN Sun Pharmaceutical Indus	0.24%
60	FSR.ZA Firstrand Ltd	0.24%
61	3017.TW Asia Vital Components	0.24%
62	2628.HK China Life Insurance Co	0.24%
63	1288.HK Agricultural Bank of China H	0.24%
64	MHID.GB Mahindra + Mahindra Spon GDR	0.23%
65	FAB.AE First Abu Dhabi Bank PJSC	0.23%
66	FEMSAUBD.MX Fomento Economico Mexica Ubd	0.22%
67	2886.TW Mega Financial Holding Co LT	0.22%
68	AMXB.MX America Movil SAB de C Ser B	0.22%
69	2327.TW Yageo Corporation	0.22%
70	2408.TW Nanya Technology Corp	0.22%
71	PKN.PL Orlen SA	0.22%
72	SBID State Bank of Indi GDR Reg S	0.22%
73	3968.HK China Merchants Bank H	0.21%
74	3328.HK Bank of Communications Co	0.21%
75	6160.HK Beone Medicines Ltd	0.21%
76	992.HK Lenovo Group Ltd	0.21%
77	SBK.ZA Standard Bank Group Ltd	0.21%
78	1088.HK China Shenhua Energy Co	0.21%
79	2345.TW Accton Technology Corp	0.2%
80	3231.TW Wistron Corp	0.2%
81	HCLT.IN HCL Technologies Ltd	0.2%
82	QNBK.QA Qatar National Bank	0.2%
83	2412.TW Chunghwa Telecom Co Ltd	0.2%
84	9888.HK Baidu Inc Class A HKD	0.2%
85	CPI.ZA Capitec Limited	0.19%
86	MSIL.IN Maruti Suzuki India Ltd	0.19%
87	2301.TW Lite on Technology Corp	0.19%
88	HUVR.IN Hindustan Unilever Ltd	0.19%
89	9961.HK TRIP.COM Group Ltd	0.19%
90	ETISALAT.AE Emirates Telecom Group Co	0.18%
91	2269.HK Wuxi Biologics Cayman Inc	0.18%
92	PBBANK.MY Public Bank Berhad	0.18%
93	TTAN.IN Titan Co Ltd	0.18%
94	1211.SA Saudi Arabian Mining Co	0.18%
95	2360.TW Chroma Ate Inc	0.17%
96	2467.TW C Sun Manufacturing Ltd	0.17%
97	SCCO Southern Copper	0.17%
98	ETERNAL.IN Eternal Ltd	0.17%
99	7010.SA Saudi Telecom Co	0.17%
100	YUMC Yum China	0.17%

The most recent file State Street SPDR has published for SPEM is dated 2026-10-27, 1 day before these prices, which is the median for the State Street SPDR ETFs covered here. Every one of the 2714 positions SPEM holds, with its weight, is in the fund's JSON file. See the other 41 ETFs with a page here that hold 2330.TW, and how their weights compare with the 14.63% SPEM gives it.

Category: Emerging Markets, set by TickerInside from the ETF's own latest file. In its file of 2026-10-27, 97% of its stocks outside the US are in emerging markets. How categories are set.

Use this data

JSONhttps://tickerinside.com/api/v1/fund/spem.json

CSVhttps://tickerinside.com/api/v1/fund/spem.csv

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How much money went into or out of SPEM?

On the close of Friday, October 23, 2026, SPEM neither created nor redeemed shares. Over its last 5 closes, a net inflow of $0.

2026-09-302026-10-23

From SPEM's own holdings files. Every ETF's latest flows.

How is SPEM split by sector and country?

A sector is found for 48.1% of SPEM's stock weight, under the 50% from which this page states sector weights; the weights found are in the fund's JSON file.

Country	Weight	Weight bar
Taiwan	33.2%
China	24.7%
India	13.9%
Brazil	4.3%
South Africa	3.1%
Saudi Arabia	2.7%
Mexico	2.2%
United Arab Emirates	1.7%
Thailand	1.6%
Malaysia	1.6%
Other countries	10.9%
No country found	0.1%

From its SPDR file of 2026-10-27. How these are measured.

What did SPEM hold in its SEC reports since 2019?

In SPEM's SEC filings, its largest position went from Tencent Holdings Ltd (700.HK) at 4.05% on 2019-09-30 to Taiwan Semiconductor Manufac (2330.TW) at 14.65% on 2026-06-30, across 28 quarterly reports.

Largest in 2019

700.HK

4.05% on 2019-09-30

Largest in 2026

2330.TW

14.65% on 2026-06-30

Ten largest

26.3%

18.6% in 2019

Quarterly reports

since 2019, SEC Form N-PORT

2019The ten largest positions, report by report2026

Report	Positions	Largest	Top 10
2019-09-30	1,820	700.HK 4.05%	18.6%
2019-12-31	1,858	BABA 5.03%	20.1%
2020-12-31	2,202	BABA 5.22%	22.7%
2021-12-31	2,582	2330.TW 4.99%	19.0%
2022-12-31	2,742	2330.TW 3.88%	17.2%
2023-12-31	3,094	2330.TW 5.69%	17.6%
2024-12-31	2,898	2330.TW 8.84%	21.7%
2025-12-31	2,901	2330.TW 10.48%	24.2%
2026-06-30	2,847	2330.TW 14.65%	26.3%

The first report, then the last of each year, of the 28 reports SPEM filed on SEC Form N-PORT from 2019-09-30 to 2026-06-30, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/spem/{date}.json. How these are read.

What does SPEM duplicate?

The ETF nearest to SPEM is EEMX: the two hold 64.6% of their weight in common, in the 776 companies both own, and 73.0% of SPEM itself is also held there. Owning SPEM alongside the ETFs at the top of this table means about half of the weight is held twice.

ETF	Overlap by weight	Of SPEM held there	Of that ETF in SPEM	Companies in both
EEMX	64.6%	73.0%	73.4%	776
VWO	63.5%	80.2%	73.8%	1893
SCHE	62.7%	70.2%	76.7%	1150
GMF	61.9%	68.9%	86.4%	1014
EEM	59.2%	68.1%	64.4%	730
HEEM	59.1%	68.1%	64.4%	730
IEMG	58.0%	74.9%	61.2%	1203
EEMA	51.3%	53.4%	64.4%	550
AAXJ	49.3%	54.0%	57.4%	550
XSOE	46.8%	52.9%	61.5%	483
EMGF	45.8%	57.2%	60.8%	378
EMXC	44.6%	46.7%	57.3%	300

VWO's holdings are from its SEC Form N-PORT for the period ended 2026-07-31, filed 2026-09-28. SCHE's holdings are from its SEC Form N-PORT for the period ended 2026-08-31, filed 2026-10-27. XSOE's holdings are from its SEC Form N-PORT for the period ended 2026-06-30, filed 2026-08-31. The other ETFs' holdings are from their issuers' latest files. Check SPEM against any ETF in the ETF overlap calculator · how overlap is measured.

What adds something different to SPEM?

USRT shares 0% of weight with SPEM and its weekly returns correlate with it at 0.37 over three years. The table lists the covered ETFs with the least in common with SPEM, least shared weight first and, among equals, lowest correlation.

ETF	Name	Overlap by weight	Correlation, 3y
USRT	iShares Core U.S. REIT ETF	0.0%	0.37
IYR	iShares U.S. Real Estate ETF	0.0%	0.37
USMV	iShares MSCI USA Min Vol Factor ETF	0.0%	0.45
IJR	iShares Core S&P Small-Cap ETF	0.0%	0.55
PFF	iShares Preferred and Income Securities ETF	0.0%	0.58
IJH	iShares Core S&P Mid-Cap ETF	0.0%	0.62
VLUE	iShares MSCI USA Value Factor ETF	0.0%	0.65
THRO	iShares U.S. Thematic Rotation Active ETF	0.0%	0.66

Cost, returns and risk

Expense ratio	0.07%
Dividend yield	2.50%
Total return, 1 year	7.5%
Total return, 3 years cumulative	60.2%
Total return, 5 years cumulative	33.9%
Volatility, annualised	15.0%
Worst fall, 3 years	-12.0%
Beta against SPY, 3 years of weekly returns	0.76
Weight in the ten largest positions	25.7%
Largest single position	14.6%
Assets under management	$17.5B

Expense ratio, yield and assets are reference data (the expense ratio from SPEM's SEC filing of 2026-01-23); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-27; every other figure is computed here from weekly closes.

How it moves with the market

Against	Correlation, 3 years	Covariance, annualised, in percent squared
SPY	0.71often in step	147
QQQ	0.69loosely linked	200

Weekly total returns. What the bands mean · why the covariance is printed.

Year by year

Year	Total return
2026	7.5%
2025	25.6%
2024	11.4%
2023	10.5%
2022	-17.9%

One year

SPEM 108 SPY 116

2025-11-072026-10-30

SPEM rebased to 100 a year ago, weekly closes, prices through 2026-10-28.

Where to go next

VWO, Vanguard FTSE Emerging Markets ETF
XSOE, WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
AVEE, Avantis Emerging Markets Small Cap Equity ETF
AVEM, Avantis Emerging Markets Equity ETF
Run a portfolio x-ray to see what SPEM carries once you look through it
Compare SPEM against any other ETF in the builder

Holdings from the most recent file State Street SPDR has published, dated 2026-10-27. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.

Cite this page

TickerInside, State Street SPDR Portfolio Emerging Markets ETF (SPEM), holdings from the issuer's file of 2026-10-27, https://tickerinside.com/etf/spem/, CC BY 4.0

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