EWH vs VEU: Holdings Overlap
iShares · 28 holdings · $1.2B · 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 (EWH: 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 EWH and VEU?
iShares MSCI Hong Kong ETF (EWH, by iShares) holds 28 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 24 holdings in common, and by portfolio weight the two funds are 1.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 24EWH holds 28 · VEU holds 3855
- Weight in Shared Holdings
- EWH 92%·VEU 1%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 EWH
4 of 28 positions (6.7% of the fund) are not held by VEU.
Sector Breakdown
| Sector | EWH | VEU |
|---|---|---|
| Financials | 40.7% | 20.0% |
| Real Estate | 19.3% | 1.4% |
| Information Technology | 0.0% | 16.2% |
| Industrials | 14.4% | 11.7% |
| Utilities | 9.5% | 2.5% |
| Other Sectors | 4.7% | 29.8% |
| Unclassified | 9.7% | 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 (10% of EWH, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWH | +7.8% | +8.6% | +13.1% | +10.7% | +1.2% | +4.3% | 4.56% |
| 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 EWH vs VEU →
Shared Holdings(24)
The top 10 shared positions account for 77% of the overlap, led by 1299, 388 and 16.
 1299AIA Group Ltd. | 22.85% | 0.29% | 0.29% |
|---|---|---|---|
 388Hong Kong Exchanges & Clearing Ltd. | 11.19% | 0.16% | 0.16% |
 16Sun Hung Kai Properties Ltd. | 4.47% | 0.06% | 0.06% |
 1CK Hutchison Holdings Ltd | 6.01% | 0.06% | 0.06% |
 2388BOC Hong Kong Holdings Ltd. | 5.05% | 0.05% | 0.05% |
 669Techtronic Industries Co. Ltd. | 4.34% | 0.05% | 0.05% |
 2CLP Holdings Ltd | 4.07% | 0.04% | 0.04% |
 823Link REIT | 3.50% | 0.03% | 0.03% |
 JMJardine Matheson Holdings Ltd | 2.31% | 0.03% | 0.03% |
 1113CK Asset Holdings Ltd | 3.03% | 0.03% | 0.03% |
 6Power Assets Holdings Ltd | 2.79% | 0.03% | 0.03% |
 3Hong Kong & China Gas Co Ltd | 2.68% | 0.03% | 0.03% |
 288WH Group Ltd | 2.54% | 0.02% | 0.02% |
 27Galaxy Entertainment Group Ltd | 2.16% | 0.02% | 0.02% |
 HKLHongkong Land Holdings Ltd | 1.68% | 0.02% | 0.02% |
 66MTR Corp Ltd | 1.73% | 0.02% | 0.02% |
 83Sino Land Co Ltd | 1.58% | 0.02% | 0.02% |
 1308SITC International Holdings Co Ltd | 1.74% | 0.01% | 0.01% |
 12Henderson Land Development Co Ltd | 1.63% | 0.01% | 0.01% |
 1038CK Infrastructure Holdings Ltd | 1.39% | 0.01% | 0.01% |
 1997Wharf Real Estate Investment Co Ltd | 1.45% | 0.01% | 0.01% |
 1928Sands China Ltd. | 1.36% | 0.01% | 0.01% |
 19Swire Pacific Ltd | 1.16% | 0.01% | 0.01% |
 4Wharf Holdings Ltd/The | 0.92% | 0.01% | 0.01% |
Frequently Asked Questions
How much do EWH and VEU overlap?
EWH and VEU overlap by 1.1% of portfolio weight. They share 24 holdings (EWH holds 28 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWH and VEU?
The two portfolios are 1.1% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EWH and VEU?
The largest positions held by both funds are 1299, 388, 16, 1 and 2388. Together the top 10 shared positions account for 77% of the total overlap.
What does EWH own that VEU doesn't?
4 positions (6.7% of EWH) are unique to EWH, led by HONG KONG DOLLAR, 6823 and FUTU. In the other direction, 3831 positions (97.8% of VEU) are unique to VEU.