ACWX vs VEU: Holdings Overlap
ACWXiShares MSCI ACWI ex U.S. ETF
iShares · 1761 holdings · $11.7B · as of 2026-04-30
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
How similar are ACWX and VEU?
iShares MSCI ACWI ex U.S. ETF (ACWX, by iShares) holds 1761 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 1657 holdings in common, and by portfolio weight the two funds are 88.7% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 88.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1657ACWX holds 1761 · VEU holds 3855
- Weight in Shared Holdings
- ACWX 98%·VEU 89%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ACWX
104 of 1761 positions (1.7% of the fund) are not held by VEU. Showing the top 30 by weight.
Sector Breakdown
| Sector | ACWX | VEU |
|---|---|---|
| Financials | 21.6% | 20.0% |
| Information Technology | 17.5% | 16.2% |
| Industrials | 12.5% | 11.7% |
| Consumer Discretionary | 6.5% | 6.1% |
| Health Care | 6.1% | 5.6% |
| Other Sectors | 23.9% | 21.9% |
| Unclassified | 11.4% | 17.4% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (11% of ACWX, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ACWX | +3.0% | +16.6% | +28.7% | +19.1% | +9.3% | +9.6% | 2.46% |
| VEU | +2.8% | +16.6% | +28.4% | +19.2% | +9.6% | +9.9% | 2.48% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ACWX vs VEU →
Shared Holdings(1657)
The top 10 shared positions account for 15% of the overlap, led by TSMWF, 005930 and ASML.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 4.67% | 4.28% | 4.28% |
|---|---|---|---|
 005930Samsung Electronics Co Ltd | 1.95% | 1.81% | 1.81% |
 ASMLASML Holding NV | 1.54% | 1.43% | 1.43% |
 000660SK hynix Inc | 1.33% | 1.23% | 1.23% |
 700Tencent Holdings Ltd. | 1.07% | 0.96% | 0.96% |
 HSBAHSBC Holdings PLC | 0.86% | 0.80% | 0.80% |
 9988Alibaba Group Holding Ltd | 0.79% | 0.75% | 0.75% |
 ROPRoche Holding AG | 0.78% | 0.73% | 0.73% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.80% | 0.72% | 0.72% |
 NOVNNovartis AG (Registered) | 0.76% | 0.72% | 0.72% |
 NESNNestle SA (Registered) | 0.71% | 0.66% | 0.66% |
 SHELShell PLC | 0.71% | 0.66% | 0.66% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.69% | 0.64% | 0.64% |
 SIESiemens AG (Registered) | 0.62% | 0.56% | 0.56% |
 CBACommonwealth Bank of Australia | 0.57% | 0.54% | 0.54% |
 7203Toyota Motor Corp. NPV | 0.51% | 0.52% | 0.51% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.57% | 0.50% | 0.50% |
 BHPBHP Group Ltd. | 0.55% | 0.49% | 0.49% |
 TDThe Toronto-Dominion Bank COM NEW | 0.50% | 0.46% | 0.46% |
 SANBanco Santander SA | 0.49% | 0.45% | 0.45% |
 ALVAllianz SE (Registered) | 0.47% | 0.44% | 0.44% |
 SAPSAP SE | 0.48% | 0.44% | 0.44% |
 SUSchneider Electric SE | 0.47% | 0.44% | 0.44% |
 TTETotalEnergies SE EUR2.5 | 0.50% | 0.43% | 0.43% |
 ENRSiemens Energy AG | 0.45% | 0.40% | 0.40% |
Showing the top 250 of 1657 shared holdings by overlap weight.
Frequently Asked Questions
How much do ACWX and VEU overlap?
ACWX and VEU overlap by 88.7% of portfolio weight. They share 1657 holdings (ACWX holds 1761 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ACWX and VEU?
The two portfolios are 88.7% identical by weight. Owning both is largely redundant: they are close to the same portfolio, so a second position mostly duplicates the first.
What are the biggest shared holdings of ACWX and VEU?
The largest positions held by both funds are TSMWF, 005930, ASML, 000660 and 700. Together the top 10 shared positions account for 15% of the total overlap.
What does ACWX own that VEU doesn't?
104 positions (1.7% of ACWX) are unique to ACWX, led by SPOT, NU and TEVA. In the other direction, 2198 positions (9.4% of VEU) are unique to VEU.