BBAX vs VEU: Holdings Overlap
BBAXJPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF
JPMorgan · 96 holdings · $6.7B · 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 BBAX and VEU?
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX, by JPMorgan) holds 96 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 95 holdings in common, and by portfolio weight the two funds are 5.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 95BBAX holds 96 · VEU holds 3855
- Weight in Shared Holdings
- BBAX 99%·VEU 6%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
Sector Breakdown
| Sector | BBAX | VEU |
|---|---|---|
| Financials | 45.0% | 20.0% |
| Information Technology | 0.2% | 16.2% |
| Materials | 14.6% | 5.4% |
| Industrials | 7.0% | 11.7% |
| Real Estate | 7.6% | 1.4% |
| Other Sectors | 18.2% | 26.8% |
| Unclassified | 6.6% | 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 (7% of BBAX, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| BBAX | +8.2% | +18.1% | +21.6% | +15.2% | +7.0% | — | 3.44% |
| 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 BBAX vs VEU →
Shared Holdings(95)
The top 10 shared positions account for 49% of the overlap, led by CBA, BHP and 1299.
 CBACommonwealth Bank of Australia | 9.55% | 0.54% | 0.54% |
|---|---|---|---|
 BHPBHP Group Ltd. | 8.66% | 0.49% | 0.49% |
 1299AIA Group Ltd. | 5.20% | 0.29% | 0.29% |
 WBCWestpac Banking Corp. | 4.32% | 0.24% | 0.24% |
 DBSDBS Group Holdings Ltd. | 4.25% | 0.24% | 0.24% |
 NABNational Australia Bank Ltd. | 4.00% | 0.23% | 0.23% |
 ANZANZ Group Holdings Ltd. | 3.61% | 0.20% | 0.20% |
 388Hong Kong Exchanges & Clearing Ltd. | 2.88% | 0.16% | 0.16% |
 WESWesfarmers Ltd. | 2.73% | 0.15% | 0.15% |
 MQGMacquarie Group Ltd. | 2.83% | 0.15% | 0.15% |
 OCBCOversea-Chinese Banking Corp. Ltd. | 2.54% | 0.14% | 0.14% |
 WDSWoodside Energy Group Ltd. | 2.05% | 0.12% | 0.12% |
 RIORio Tinto Ltd. | 2.06% | 0.12% | 0.12% |
 CSLCSL Ltd. | 1.97% | 0.11% | 0.11% |
 GMGGoodman Group | 1.91% | 0.11% | 0.11% |
 UOBUnited Overseas Bank Ltd. | 1.73% | 0.09% | 0.09% |
 TCLTransurban Group | 1.42% | 0.08% | 0.08% |
 WOWWoolworths Group Ltd. | 1.37% | 0.08% | 0.08% |
 STSingapore Telecommunications Ltd. | 1.35% | 0.07% | 0.07% |
 QBEQBE Insurance Group Ltd. | 1.11% | 0.06% | 0.06% |
 16Sun Hung Kai Properties Ltd. | 1.35% | 0.06% | 0.06% |
 FMGFortescue Ltd. | 1.03% | 0.06% | 0.06% |
 1CK Hutchison Holdings Ltd. | 1.01% | 0.06% | 0.06% |
 BXBBrambles Ltd. | 1.01% | 0.06% | 0.06% |
 COLColes Group Ltd. | 0.97% | 0.05% | 0.05% |
Frequently Asked Questions
How much do BBAX and VEU overlap?
BBAX and VEU overlap by 5.5% of portfolio weight. They share 95 holdings (BBAX holds 96 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BBAX and VEU?
The two portfolios are 5.5% 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 BBAX and VEU?
The largest positions held by both funds are CBA, BHP, 1299, WBC and DBS. Together the top 10 shared positions account for 49% of the total overlap.
What does BBAX own that VEU doesn't?
1 positions (0.3% of BBAX) are unique to BBAX, led by 6823. In the other direction, 3760 positions (93.3% of VEU) are unique to VEU.