EWC vs VEU: Holdings Overlap
iShares · 84 holdings · $6.2B · 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 (EWC: 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 EWC and VEU?
iShares MSCI Canada ETF (EWC, by iShares) holds 84 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 77 holdings in common, and by portfolio weight the two funds are 7.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 77EWC holds 84 · VEU holds 3855
- Weight in Shared Holdings
- EWC 98%·VEU 8%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 EWC
7 of 84 positions (1.8% of the fund) are not held by VEU.
Sector Breakdown
| Sector | EWC | VEU |
|---|---|---|
| Financials | 37.4% | 20.0% |
| Energy | 17.1% | 4.5% |
| Information Technology | 8.2% | 16.2% |
| Materials | 15.5% | 5.4% |
| Industrials | 5.5% | 11.7% |
| Other Sectors | 9.3% | 23.7% |
| Unclassified | 6.9% | 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 EWC, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWC | +5.0% | +14.2% | +31.3% | +22.9% | +12.6% | +11.6% | 1.22% |
| 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 EWC vs VEU →
Shared Holdings(77)
The top 10 shared positions account for 43% of the overlap, led by RY, TD and SHOP.
 RYGovernment Long Bond 1.2x Strategy Fund | 8.71% | 0.64% | 0.64% |
|---|---|---|---|
 TDThe Toronto-Dominion Bank COM NEW | 6.28% | 0.46% | 0.46% |
 SHOPShopify, Inc., Class A | 4.74% | 0.38% | 0.38% |
 ENBEnbridge Inc. COM | 3.89% | 0.31% | 0.31% |
 BMOBank of Montreal COM | 3.74% | 0.27% | 0.27% |
 CMCanadian Imperial Bank of Commerce COM | 3.30% | 0.27% | 0.27% |
 CNQCanadian Natural Resources Ltd | 3.08% | 0.25% | 0.25% |
 BNSBank of Nova Scotia/The | 3.22% | 0.25% | 0.25% |
 BNBrookfield Corp | 3.05% | 0.24% | 0.24% |
 AEMAgnico Eagle Mines Ltd | 3.00% | 0.24% | 0.24% |
 SUSuncor Energy Inc | 2.44% | 0.21% | 0.21% |
 CPCanadian Pacific Kansas City Ltd | 2.60% | 0.20% | 0.20% |
 TRPTC Energy Corp COM | 2.25% | 0.18% | 0.18% |
 MFCManulife Financial Corporation COM | 2.09% | 0.17% | 0.17% |
 ABXBarrick Mining Corp | 2.34% | 0.17% | 0.17% |
 CNICanadian National Railway Company COM | 2.02% | 0.16% | 0.16% |
 NANational Bank of Canada | 1.85% | 0.15% | 0.15% |
 WPMWheaton Precious Metals Corp | 1.98% | 0.15% | 0.15% |
 CCJCameco Corp | 1.59% | 0.14% | 0.14% |
 CLSCelestica Inc | 1.45% | 0.12% | 0.12% |
 ATDAlimentation Couche-Tard Inc | 1.35% | 0.11% | 0.11% |
 FNVFranco-Nevada Corp | 1.45% | 0.11% | 0.11% |
 SLFSun Life Financial Inc. COM | 1.29% | 0.10% | 0.10% |
 CVECenovus Energy Inc | 1.27% | 0.10% | 0.10% |
 NTRNutrien Ltd | 1.08% | 0.09% | 0.09% |
Frequently Asked Questions
How much do EWC and VEU overlap?
EWC and VEU overlap by 7.6% of portfolio weight. They share 77 holdings (EWC holds 84 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWC and VEU?
The two portfolios are 7.6% 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 EWC and VEU?
The largest positions held by both funds are RY, TD, SHOP, ENB and BMO. Together the top 10 shared positions account for 43% of the total overlap.
What does EWC own that VEU doesn't?
7 positions (1.8% of EWC) are unique to EWC, led by RCI, TRI and CCL-B. In the other direction, 3778 positions (91.2% of VEU) are unique to VEU.