SCHE vs SPEM: Differences, Returns & Fees

SCHE and SPEM hold 69% of their weight in the same names, and SPEM returned +13.7% over the year. Net assets: $12.7bn on May 31, 2026 for Schwab Emerging Markets Equity ETF, and $17.5bn on Oct 8, 2026 for State Street SPDR Portfolio Emerging Markets ETF.

SCHE costs 0.01 points a year less; their one-year returns differ by 1.1 points; SPEM is 1.1 times larger.

SCHESPEM
Expense ratio0.06%0.07%
Net assets, as of Feb 28, 2025$9.3bn$10.3bn
Total return, 1 year+12.6%+13.7%
What it tracksFTSE Emerging IndexS&P Emerging BMI Index ?
Holdings in common69%
Top ten holdings, share of the fund30.3%26.5%

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

+12.6%
SCHE total return, 1 year
+13.7%
SPEM total return, 1 year
0.06%
SCHE expense ratio
0.07%
SPEM expense ratio

What they hold in common

By the books each fund has filed, SCHE and SPEM hold 69% 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

69% in common

Positions both hold, largest shared weight first
Holding SCHE SPEM
Taiwan Semiconductor Manufacturing Co Ltd 17.05% 15.00%
Tencent Holdings Ltd 3.15% 2.58%
Alibaba Group Holding Ltd 2.57% 2.02%
MediaTek Inc 1.88% 1.88%
Delta Electronics Inc 1.40% 1.03%
China Construction Bank Corp 0.88% 0.96%
Hon Hai Precision Industry Co Ltd 1.04% 0.87%
HDFC Bank Ltd 0.83% 0.70%
ASE Technology Holding Co Ltd 0.59% 0.77%
Industrial & Commercial Bank of China Ltd 0.63% 0.55%
Bharti Airtel Ltd 0.54% 0.50%
PDD Holdings Inc 0.60% 0.47%
Only in SCHE
Reliance Industries Ltd 0.88%
United Microelectronics Corp 0.50%
Anglogold Ashanti Plc 0.46%
Itau Unibanco Holding SA 0.41%
Infosys Ltd 0.39%
Petroleo Brasileiro SA - Petrobras 0.35%
Petroleo Brasileiro SA - Petrobras 0.32%
Delta Electronics Thailand PCL 0.29%
Only in SPEM
RELIANCE INDS SPONS GDR 144A 0.69%
ICICI BANK LTD SPON ADR 0.68%
UNITED MICROELECTRON SP ADR 0.49%
NU HOLDINGS LTD/CAYMAN ISL A 0.45%
ITAU UNIBANCO H SPON PRF ADR 0.45%
PETROLEO BRASIL SP PREF ADR 0.38%
PETROLEO BRASILEIRO SPON ADR 0.36%
VALE SA SP ADR 0.34%

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On the same fields

SCHE
Schwab Emerging Markets Equity ETF
SPEM
State Street SPDR Portfolio Emerging Markets ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks an index
Total return, 1 year +12.6% +13.7%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −4.7 pts −3.6 pts
Expense ratio 0.06% 0.07%
Already in the S&P 500 0.0% 0.0%
Holdings 2178 2746
Net assets, SCHE as of May 31, 2026 and SPEM as of Oct 8, 2026 $12.7bn $17.5bn

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

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%.

SPEM in plain words

SPEM tracks an index. Over the year to Oct 9, 2026 it returned +13.7% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.07% 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 2,746 positions, with the top ten at 26.5%.

Questions people ask

Which returned more over the last year, SCHE or SPEM?
In the year to Oct 9, 2026, with distributions reinvested, SCHE returned +12.6% and SPEM +13.7%.
Which is cheaper, SCHE or SPEM?
SCHE is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SCHE and SPEM overlap with the S&P 500?
By their latest filed holdings, 0% of SCHE and 0% of SPEM by weight is stocks the S&P 500 already holds.
Cite this pageCitation, APA and Markdown

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

Open data

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