EWA vs VEA: Holdings Overlap
iShares · 48 holdings · $1.4B · as of 2026-05-31
VEAVanguard Developed Markets Index Fund
Vanguard · 3886 holdings · $235.0B · as of 2026-03-31
Holdings snapshots are 61 days apart (EWA: 2026-05-31, VEA: 2026-03-31). 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 EWA and VEA?
iShares MSCI Australia ETF (EWA, by iShares) holds 48 positions; Vanguard Developed Markets Index Fund (VEA, by Vanguard) holds 3886. They have 46 holdings in common, and by portfolio weight the two funds are 4.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 46EWA holds 48 · VEA holds 3886
- Weight in Shared Holdings
- EWA 99%·VEA 5%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 EWA
2 of 48 positions (0.1% of the fund) are not held by VEA.
- AUSTRALIAN DOLLAR0.10%
- Euro0.00%
Sector Breakdown
| Sector | EWA | VEA |
|---|---|---|
| Financials | 40.6% | 20.4% |
| Materials | 25.5% | 6.2% |
| Industrials | 4.7% | 13.9% |
| Information Technology | 1.0% | 9.9% |
| Health Care | 4.3% | 7.3% |
| Other Sectors | 22.4% | 22.9% |
| Unclassified | 1.0% | 18.5% |
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 (1% of EWA, 19% of VEA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWA | +8.1% | +17.8% | +17.9% | +14.3% | +7.2% | +8.2% | 2.79% |
| VEA | +3.0% | +17.5% | +29.9% | +19.8% | +10.2% | +10.3% | 2.49% |
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 EWA vs VEA →
Shared Holdings(46)
The top 10 shared positions account for 65% of the overlap, led by CBA, BHP and WBC.
 CBACommonwealth Bank of Australia | 13.76% | 0.67% | 0.67% |
|---|---|---|---|
 BHPBHP Group Ltd. | 15.69% | 0.61% | 0.61% |
 WBCWestpac Banking Corp. | 6.14% | 0.32% | 0.32% |
 NABNational Australia Bank Ltd. | 5.71% | 0.30% | 0.30% |
 ANZANZ Group Holdings Ltd. | 5.30% | 0.26% | 0.26% |
 WESWesfarmers Ltd. | 4.51% | 0.20% | 0.20% |
 MQGMacquarie Group Ltd. | 4.31% | 0.17% | 0.17% |
 CSLCSL Ltd. | 2.34% | 0.16% | 0.16% |
 WDSWoodside Energy Group Ltd | 2.89% | 0.15% | 0.15% |
 RIORio Tinto Ltd. | 3.45% | 0.14% | 0.14% |
 GMGGoodman Group | 3.22% | 0.12% | 0.12% |
 WOWWoolworths Group Ltd. | 2.14% | 0.11% | 0.11% |
 TCLTransurban Group | 2.32% | 0.10% | 0.10% |
 FMGFortescue Ltd | 1.89% | 0.08% | 0.08% |
 QBEQBE Insurance Group Ltd. | 1.70% | 0.08% | 0.08% |
 BXBBrambles Ltd. | 1.12% | 0.07% | 0.07% |
 COLColes Group Ltd. | 1.45% | 0.07% | 0.07% |
 NSTNorthern Star Resources Ltd. | 1.29% | 0.07% | 0.07% |
 EVNEvolution Mining Ltd | 1.24% | 0.06% | 0.06% |
 STOSantos Ltd. | 1.27% | 0.06% | 0.06% |
 ALLAristocrat Leisure Ltd | 1.38% | 0.06% | 0.06% |
 ORGOrigin Energy Ltd | 0.93% | 0.05% | 0.05% |
 TLSTelstra Group Ltd. | 1.02% | 0.05% | 0.05% |
 S32South32 Ltd | 1.08% | 0.05% | 0.05% |
 SUNSuncorp Group Ltd | 0.94% | 0.04% | 0.04% |
Frequently Asked Questions
How much do EWA and VEA overlap?
EWA and VEA overlap by 4.6% of portfolio weight. They share 46 holdings (EWA holds 48 positions and VEA holds 3886), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWA and VEA?
The two portfolios are 4.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EWA and VEA?
The largest positions held by both funds are CBA, BHP, WBC, NAB and ANZ. Together the top 10 shared positions account for 65% of the total overlap.
What does EWA own that VEA doesn't?
2 positions (0.1% of EWA) are unique to EWA, led by AUSTRALIAN DOLLAR and Euro. In the other direction, 3840 positions (94.5% of VEA) are unique to VEA.