EEM vs SCHE: Differences, Returns & Fees

EEM and SCHE hold 56% of their weight in the same names, and EEM returned +26.3% over the year. Net assets: $31.0bn on Oct 9, 2026 for iShares MSCI Emerging Markets ETF, and $12.7bn on May 31, 2026 for Schwab Emerging Markets Equity ETF.

SCHE costs 0.66 points a year less; their one-year returns differ by 13.7 points; EEM is 1.8 times larger.

EEMSCHE
Expense ratio0.72%0.06%
Net assets, as of Feb 28, 2025$16.3bn$9.3bn
Total return, 1 year+26.3%+12.6%
What it tracksMSCI Emerging Markets IndexFTSE Emerging Index
Holdings in common56%
Top ten holdings, share of the fund38.9%30.3%
Below its high6.2%, high on Jun 22, 2026

Holdings in common uses holdings dated May 31, 2026 and Oct 8, 2026.

+26.3%
EEM total return, 1 year
+12.6%
SCHE total return, 1 year
0.72%
EEM expense ratio
0.06%
SCHE expense ratio

What they hold in common

By the books each fund has filed, EEM and SCHE hold 56% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Oct 8, 2026.

half

56% in common

Positions both hold, largest shared weight first
Holding EEM SCHE
TAIWAN SEMICONDUCTOR MANUFACTURING 16.02% 17.05%
TENCENT HOLDINGS 2.62% 3.15%
ALIBABA GROUP HOLDING 1.82% 2.57%
MEDIATEK 1.73% 1.88%
DELTA ELECTRONICS 0.98% 1.40%
HON HAI PRECISION INDUSTRY 0.78% 1.04%
HDFC BANK 0.66% 0.83%
ICICI BANK 0.60% 0.65%
ASE TECHNOLOGY HOLDING 0.63% 0.59%
RELIANCE INDUSTRIES LTD 0.57% 0.88%
ELITE MATERIAL 0.44% 0.44%
BHARTI AIRTEL LTD 0.43% 0.54%
Only in EEM
SAMSUNG ELECTRONICS LTD 7.46%
SK HYNIX 5.65%
SAMSUNG ELECTRONICS NON VOTING PRE 0.95%
CHINA CONSTRUCTION BANK CORP H 0.84%
SK SQUARE 0.59%
SAMSUNG ELECTRO MECHANICS LTD 0.53%
INDUSTRIAL AND COMMERCIAL BANK OF 0.51%
NU HOLDINGS CLASS A 0.45%
Only in SCHE
Industrial & Commercial Bank of China Ltd 0.63%
Vale SA 0.55%
United Microelectronics Corp 0.50%
Naspers Ltd 0.37%
Grupo Mexico SAB de CV 0.33%
Petroleo Brasileiro SA - Petrobras 0.32%
Kuwait Finance House KSCP 0.31%
OTP Bank Nyrt 0.29%

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On the same fields

EEM
iShares MSCI Emerging Markets ETF
SCHE
Schwab Emerging Markets Equity ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Emerging markets Tracks an index
Total return, 1 year +26.3% +12.6%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +9.0 pts −4.7 pts
Expense ratio 0.72% 0.06%
Already in the S&P 500 0.0% 0.0%
Holdings 1188 2178
Net assets, EEM as of Oct 9, 2026 and SCHE as of May 31, 2026 $31.0bn $12.7bn

EEM and SCHE on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

EEM in plain words

EEM tracks an index of Emerging markets. Over the year to Oct 9, 2026 it returned +26.3% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.72% a year. By its holdings published by its issuer for Oct 8, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,188 positions, with the top ten at 38.9%. It sat 6.2% below its high of Jun 22, 2026 on Oct 9, 2026.

SCHE in plain words

SCHE tracks an index. Over the year to Oct 9, 2026 it returned +12.6% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.06% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,178 positions, with the top ten at 30.3%.

Questions people ask

Which returned more over the last year, EEM or SCHE?
In the year to Oct 9, 2026, with distributions reinvested, EEM returned +26.3% and SCHE +12.6%.
Which is cheaper, EEM or SCHE?
SCHE is cheaper, by 0.66 percentage points a year. That is about $66 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EEM and SCHE overlap with the S&P 500?
By their latest filed holdings, 0% of EEM and 0% of SCHE by weight is stocks the S&P 500 already holds.
Cite this pageCitation, APA and Markdown

ETFIQ, EEM against SCHE, data as of Oct 9, 2026. https://etfiq.com/compare/any/eem-vs-sche

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.