IEMG vs VOOV: 1% overlap
iShares Core MSCI Emerging Markets ETF and Vanguard S&P 500 Value ETF share 0.5% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published 27 days apart — VOOV as of 2026-06-30, the rest through 2026-07-27. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
IEMG and VOOV hold 9 of the same securities. The ten contributing most to the overlap figure:
| Holding | in IEMG | in VOOV | Δ |
|---|---|---|---|
| CASH | 0.4% | 0.5% | 0.1% |
| HAL | 0.1% | 0.1% | 0.0% |
| BDX | 0.0% | 0.1% | 0.1% |
| TEL | 0.0% | 0.1% | 0.1% |
| ECL | 0.0% | 0.2% | 0.2% |
| LULU | 0.0% | 0.0% | 0.0% |
| SRE | 0.0% | 0.2% | 0.2% |
| IEX | 0.0% | 0.1% | 0.1% |
| PTC | 0.0% | 0.0% | 0.0% |
Where IEMG and VOOV differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | IEMG | VOOV | Δ |
|---|---|---|---|
| Information Technology | 39.0% | 20.5% | +18.5pp |
| Health Care | 3.2% | 12.2% | −9.0pp |
| Consumer Staples | 3.1% | 8.8% | −5.8pp |
| Industrials | 7.7% | 11.4% | −3.7pp |
| Financials | 18.6% | 15.3% | +3.3pp |
| Energy | 3.5% | 6.6% | −3.2pp |
| Communication Services | 5.5% | 2.9% | +2.6pp |
| Utilities | 2.0% | 4.4% | −2.4pp |
Δ is IEMG minus VOOV, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
98.7% of IEMG by weight, held in no part of VOOV.
98.6% of VOOV by weight, held in no part of IEMG.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| IEMG | VOOV | |
|---|---|---|
| Top 10 holdings | 33.0% | 23.8% |
| Positions held | 2,828 | 438 |
| Cost per $10,000 held, per year | $9 | $7 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do IEMG and VOOV overlap?
IEMG and VOOV overlap 0.5% by portfolio weight — largely distinct portfolios. They share 9 holdings. The figure comes from current issuer holdings files (IEMG as of 2026-07-27, VOOV as of 2026-06-30).
How is the overlap between IEMG and VOOV calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If IEMG holds a stock at 6% and VOOV holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both IEMG and VOOV?
That depends on your goals — we state facts, not advice. At 0.5% overlap, each fund still contributes meaningfully distinct exposure.
What does IEMG own that VOOV doesn't?
IEMG holds 2,828 positions and VOOV holds 438; 2,818 of IEMG's positions don't appear in VOOV at all, and they are 98.7% of IEMG by weight.
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Related comparisons
Sources: issuer holdings files, IEMG as of 2026-07-27, VOOV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.