EWJ vs VEU: Holdings Overlap
iShares · 179 holdings · $22.4B · 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 (EWJ: 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 EWJ and VEU?
iShares MSCI Japan ETF (EWJ, by iShares) holds 179 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 178 holdings in common, and by portfolio weight the two funds are 12.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 178EWJ holds 179 · VEU holds 3855
- Weight in Shared Holdings
- EWJ 99%·VEU 13%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 EWJ
1 of 179 positions (0.3% of the fund) are not held by VEU.
- JAPANESE YEN0.27%
Sector Breakdown
| Sector | EWJ | VEU |
|---|---|---|
| Industrials | 23.4% | 11.7% |
| Financials | 16.3% | 20.0% |
| Information Technology | 17.7% | 16.2% |
| Consumer Discretionary | 12.2% | 6.1% |
| Communication Services | 7.0% | 3.7% |
| Other Sectors | 16.1% | 23.8% |
| Unclassified | 6.5% | 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 EWJ, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWJ | +4.1% | +20.7% | +31.9% | +19.3% | +10.0% | +9.3% | 3.68% |
| 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 EWJ vs VEU →
Shared Holdings(178)
The top 10 shared positions account for 28% of the overlap, led by 7203, 8306 and 6501.
 7203Toyota Motor Corp. NPV | 3.43% | 0.52% | 0.52% |
|---|---|---|---|
 8306Mitsubishi UFJ Financial Group Inc. NPV | 4.05% | 0.50% | 0.50% |
 6501Hitachi Ltd. NPV | 2.84% | 0.35% | 0.35% |
 6857Advantest Corp. NPV | 2.39% | 0.34% | 0.34% |
 9984SoftBank Group Corp. | 3.34% | 0.34% | 0.34% |
 8035Tokyo Electron Ltd. NPV | 2.87% | 0.33% | 0.33% |
 8316Sumitomo Mitsui Financial Group Inc. NPV | 2.56% | 0.33% | 0.33% |
 6758Sony Group Corp. NPV | 2.54% | 0.31% | 0.31% |
 8058Mitsubishi Corp. NPV | 1.95% | 0.27% | 0.27% |
 8411Mizuho Financial Group Inc. NPV | 2.14% | 0.26% | 0.26% |
 7011Mitsubishi Heavy Industries Ltd. NPV | 1.45% | 0.24% | 0.24% |
 8031Mitsui & Co Ltd. NPV | 1.57% | 0.24% | 0.24% |
 6861Keyence Corp. NPV | 1.87% | 0.22% | 0.22% |
 4063Shin-Etsu Chemical Co Ltd. NPV | 1.57% | 0.22% | 0.22% |
 9983Fast Retailing Co Ltd. NPV | 1.89% | 0.21% | 0.21% |
 8766Tokio Marine Holdings Inc. NPV | 1.56% | 0.21% | 0.21% |
 6503Mitsubishi Electric Corp. NPV | 1.48% | 0.20% | 0.20% |
 8001ITOCHU Corp. NPV | 1.37% | 0.20% | 0.20% |
 5803Fujikura Ltd. NPV | 0.86% | 0.16% | 0.16% |
 7741HOYA Corp. NPV | 1.10% | 0.16% | 0.16% |
 6098Recruit Holdings Co Ltd. NPV | 1.80% | 0.16% | 0.16% |
 8002Marubeni Corp. NPV | 0.88% | 0.15% | 0.15% |
 6981Murata Manufacturing Co Ltd. NPV | 2.01% | 0.14% | 0.14% |
 4502Takeda Pharmaceutical Co Ltd. NPV | 0.97% | 0.13% | 0.13% |
 7974Nintendo Co Ltd. NPV | 0.95% | 0.13% | 0.13% |
Frequently Asked Questions
How much do EWJ and VEU overlap?
EWJ and VEU overlap by 12.6% of portfolio weight. They share 178 holdings (EWJ holds 179 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWJ and VEU?
The two portfolios are 12.6% 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 EWJ and VEU?
The largest positions held by both funds are 7203, 8306, 6501, 6857 and 9984. Together the top 10 shared positions account for 28% of the total overlap.
What does EWJ own that VEU doesn't?
1 positions (0.3% of EWJ) are unique to EWJ, led by JAPANESE YEN. In the other direction, 3677 positions (86.3% of VEU) are unique to VEU.