AVEM vs VEU: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · as of 2026-05-31
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
Holdings snapshots are 31 days apart (AVEM: 2026-05-31, VEU: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are AVEM and VEU?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 1174 holdings in common, and by portfolio weight the two funds are 22.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 22.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1174AVEM holds 3893 · VEU holds 3855
- Weight in Shared Holdings
- AVEM 77%·VEU 24%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 AVEM
2719 of 3893 positions (23.2% of the fund) are not held by VEU. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVEM | VEU |
|---|---|---|
| Information Technology | 33.8% | 16.2% |
| Financials | 10.7% | 20.0% |
| Industrials | 2.0% | 11.7% |
| Consumer Discretionary | 5.1% | 6.1% |
| Health Care | 0.3% | 5.6% |
| Other Sectors | 11.5% | 21.9% |
| Unclassified | 36.5% | 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 (37% of AVEM, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AVEM | -0.3% | +20.6% | +33.7% | +21.9% | +9.9% | — | 1.90% |
| 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 AVEM vs VEU →
Shared Holdings(1174)
The top 10 shared positions account for 35% of the overlap, led by TSMWF, 000660 and 700.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 4.11% | 4.28% | 4.11% |
|---|---|---|---|
 000660SK Hynix Inc | 7.83% | 1.23% | 1.23% |
 700Tencent Holdings Ltd. | 1.51% | 0.96% | 0.96% |
 2308Delta Electronics Inc | 0.77% | 0.34% | 0.34% |
 2454MediaTek Inc | 1.11% | 0.31% | 0.31% |
 C6TChina Construction Bank Corp | 0.88% | 0.25% | 0.25% |
 HDFCBHDFC Bank Ltd | 0.45% | 0.24% | 0.24% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.76% | 0.22% | 0.22% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.70% | 0.19% | 0.19% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.45% | 0.18% | 0.18% |
 BHARTIBharti Airtel Ltd | 0.20% | 0.15% | 0.15% |
 RJHISARAl Rajhi Bank | 0.23% | 0.14% | 0.14% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.49% | 0.13% | 0.13% |
 1211RUBBYD Co Ltd | 0.15% | 0.12% | 0.12% |
 005380Hyundai Motor Co | 0.70% | 0.12% | 0.12% |
 3690Meituan, B Shares | 0.12% | 0.15% | 0.12% |
 AUAnglogold Ashanti PLC COM SHS | 0.52% | 0.12% | 0.12% |
 W8VBank of China Ltd | 0.49% | 0.11% | 0.11% |
 ARAMCSARSaudi Arabian Oil Co | 0.29% | 0.11% | 0.11% |
 1810Xiaomi Corp | 0.11% | 0.16% | 0.11% |
 2383Elite Material Co Ltd | 0.20% | 0.11% | 0.11% |
 NPNNaspers Ltd | 0.12% | 0.11% | 0.11% |
 034020Doosan Enerbility Co Ltd | 0.17% | 0.10% | 0.10% |
 3037Unimicron Technology Corp | 0.52% | 0.10% | 0.10% |
 2345Accton Technology Corp | 0.14% | 0.09% | 0.09% |
Showing the top 250 of 1174 shared holdings by overlap weight.
Frequently Asked Questions
How much do AVEM and VEU overlap?
AVEM and VEU overlap by 22.8% of portfolio weight. They share 1174 holdings (AVEM holds 3893 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and VEU?
The two portfolios are 22.8% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of AVEM and VEU?
The largest positions held by both funds are TSMWF, 000660, 700, 2308 and 2454. Together the top 10 shared positions account for 35% of the total overlap.
What does AVEM own that VEU doesn't?
2719 positions (23.2% of AVEM) are unique to AVEM, led by SMSNRUB, BABA and ASX. In the other direction, 2681 positions (74.4% of VEU) are unique to VEU.