ETF and Mutual Fund Analysis

Holdings as of April 30, 2026 (CNWAX) and May 31, 2026 (IEMG)

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

Home > Compare > CNWAX vs IEMG Holdings as of April 30, 2026 (CNWAX) and May 31, 2026 (IEMG)

CNWAX vs IEMG: Portfolio Overlap

New World Fund Inc vs iShares Core MSCI Emerging Markets ETF

32.9%
Weighted portfolio overlap
Moderate Overlap

Moderate Overlap. A recognisable amount of shared weight, common among funds drawing on the same large-cap pool. Much of it typically sits in the top conviction holdings.

CNWAX
408 equity holdings
as of April 30, 2026
IEMG
2695 equity holdings
as of May 31, 2026
150 stocks held in common
Overlap View Venn Diagram
32.9% OVERLAP CNWAX IEMG
Overlapping Holdings
10 Top 10 of 150 shared, by overlap contribution
# Stock CNWAX IEMG Overlap%
1
Taiwan Semiconductor Manufacturing Co Ltd
 10.33% 12.52% 10.33%
2
SK hynix Inc
 4.85% 5.83% 4.85%
3
Tencent Holdings Ltd
 2.32% 2.38% 2.32%
4
Samsung Electronics Co Ltd
 1.94% 6.82% 1.94%
5
MediaTek Inc
 0.82% 1.42% 0.82%
6
Reliance Industries Ltd
 0.57% 0.58% 0.57%
7
Delta Electronics Inc
 0.56% 1.03% 0.56%
8
Vale SA
 0.55% 0.41% 0.41%
9
ELITE MATERIAL COMPANY LTD
 0.47% 0.34% 0.34%
10
Bharti Airtel Ltd
 1.06% 0.34% 0.34%
Most Divergent Holdings Stocks held by one fund but absent from the other
Only in CNWAX — New World Fund Inc
StockWeight
AVGO2.21%
NVDA1.52%
MELI1.48%
MSFT1.17%
GOOGL1.03%
Only in IEMG — iShares Core MSCI Emerging Markets ETF
StockWeight
Alibaba Group Holding Ltd.1.83%
Hon Hai Precision Industry Co Ltd.0.79%
China Construction Bank Corp0.71%
HDFC Bank Ltd0.61%
SAMSUNG ELECTRO MECHANICS0.54%

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Frequently Asked Questions (FAQs)
What is the portfolio overlap between CNWAX and IEMG?

CNWAX (New World Fund Inc) and IEMG (iShares Core MSCI Emerging Markets ETF) share 32.9% portfolio overlap as of CNWAX's April 30, 2026 filing and IEMG's May 31, 2026 filing, across 150 common stocks. Overlap is the sum of the smaller weight of each shared stock, so it reads as the share of a dollar that lands on the same companies in both funds.

Do CNWAX and IEMG invest in the same stocks?

Somewhat. The two funds share a meaningful set of stocks, though each also holds distinct positions the other does not.

What are the top stocks held by both CNWAX and IEMG?

The most prominent shared holdings (by combined weight) are: Taiwan Semiconductor Manufacturing Co Ltd, SK hynix Inc, Tencent Holdings Ltd. See the full common-holdings table on this page for weights in each fund.

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