DBEF vs VEU: Holdings Overlap
DBEFXtrackers MSCI EAFE Hedged Equity ETF
Xtrackers (DWS) · 676 holdings · $9.3B · as of 2026-05-29
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
How similar are DBEF and VEU?
Xtrackers MSCI EAFE Hedged Equity ETF (DBEF, by Xtrackers (DWS)) holds 676 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 658 holdings in common, and by portfolio weight the two funds are 53.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 53.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 658DBEF holds 676 · VEU holds 3855
- Weight in Shared Holdings
- DBEF 96%·VEU 53%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 DBEF
18 of 676 positions (1.5% of the fund) are not held by VEU.
Only in VEU
3197 of 3855 positions (45.9% of the fund) are not held by DBEF. Showing the top 30 by weight.
Sector Breakdown
| Sector | DBEF | VEU |
|---|---|---|
| Financials | 23.0% | 20.0% |
| Industrials | 17.6% | 11.7% |
| Information Technology | 10.2% | 16.2% |
| Health Care | 9.3% | 5.6% |
| Consumer Staples | 6.5% | 4.4% |
| Other Sectors | 24.9% | 23.6% |
| Unclassified | 5.6% | 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 (6% of DBEF, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DBEF | +2.8% | +16.9% | +29.3% | +19.7% | +14.0% | +12.5% | 2.22% |
| 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 DBEF vs VEU →
Shared Holdings(658)
The top 10 shared positions account for 14% of the overlap, led by ASML, HSBA and ROP.
 ASMLASML Holding NV | 2.82% | 1.43% | 1.43% |
|---|---|---|---|
 HSBAHSBC Holdings PLC | 1.45% | 0.80% | 0.80% |
 ROPRoche Holding AG | 1.33% | 0.73% | 0.73% |
 AZNAstraZeneca PLC ORD USD0.25 | 1.26% | 0.72% | 0.72% |
 NOVNNovartis AG (Registered) | 1.24% | 0.72% | 0.72% |
 NESNNestle SA (Registered) | 1.18% | 0.66% | 0.66% |
 SHELShell PLC | 1.06% | 0.66% | 0.66% |
 SIESiemens AG (Registered) | 1.05% | 0.56% | 0.56% |
 CBACommonwealth Bank of Australia | 0.89% | 0.54% | 0.54% |
 7203Toyota Motor Corp. NPV | 0.81% | 0.52% | 0.52% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.90% | 0.50% | 0.50% |
 BHPBHP Group Ltd. | 1.03% | 0.49% | 0.49% |
 SANBanco Santander SA | 0.81% | 0.45% | 0.45% |
 ALVAllianz SE (Registered) | 0.76% | 0.44% | 0.44% |
 SAPSAP SE ORD NPV | 0.85% | 0.44% | 0.44% |
 SUSchneider Electric SE EUR4.00 | 0.78% | 0.44% | 0.44% |
 TTETotalEnergies SE EUR2.5 | 0.78% | 0.43% | 0.43% |
 ENRSiemens Energy AG | 0.66% | 0.40% | 0.40% |
 ABBNABB Ltd. CHF0.12 (REGD) | 0.76% | 0.40% | 0.40% |
 IBEIberdrola, S.A. EUR0.75 | 0.62% | 0.39% | 0.39% |
 UBSGUBS Group AG (Registered) | 0.68% | 0.35% | 0.35% |
 6501Hitachi Ltd. NPV | 0.65% | 0.35% | 0.35% |
 RR-Rolls-Royce Holdings PLC | 0.68% | 0.35% | 0.35% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 0.62% | 0.35% | 0.35% |
 NOVOBNovo Nordisk A/S, Class B | 0.66% | 0.35% | 0.35% |
Showing the top 250 of 658 shared holdings by overlap weight.
Frequently Asked Questions
How much do DBEF and VEU overlap?
DBEF and VEU overlap by 53.0% of portfolio weight. They share 658 holdings (DBEF holds 676 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DBEF and VEU?
The two portfolios are 53.0% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of DBEF and VEU?
The largest positions held by both funds are ASML, HSBA, ROP, AZN and NOVN. Together the top 10 shared positions account for 14% of the total overlap.
What does DBEF own that VEU doesn't?
18 positions (1.5% of DBEF) are unique to DBEF, led by SPOT, NBIS and TEVA. In the other direction, 3197 positions (45.9% of VEU) are unique to VEU.