EWU vs VEU: Holdings Overlap
EWUiShares MSCI United Kingdom ETF
iShares · 74 holdings · $4.1B · 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 (EWU: 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 EWU and VEU?
iShares MSCI United Kingdom ETF (EWU, by iShares) holds 74 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 71 holdings in common, and by portfolio weight the two funds are 8.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 71EWU holds 74 · VEU holds 3855
- Weight in Shared Holdings
- EWU 99%·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 EWU
3 of 74 positions (0.6% of the fund) are not held by VEU.
- GREAT BRITISH POUND0.33%
WISEWise Group PLC0.26%
- Euro0.00%
Only in VEU
3784 of 3855 positions (90.8% of the fund) are not held by EWU. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWU | VEU |
|---|---|---|
| Financials | 25.1% | 20.0% |
| Information Technology | 1.1% | 16.2% |
| Consumer Staples | 15.1% | 4.4% |
| Industrials | 13.0% | 11.7% |
| Health Care | 12.6% | 5.6% |
| Other Sectors | 30.0% | 23.6% |
| Unclassified | 2.4% | 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 (2% of EWU, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWU | +3.2% | +12.2% | +24.2% | +18.7% | +12.2% | +8.6% | 3.07% |
| 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 EWU vs VEU →
Shared Holdings(71)
The top 10 shared positions account for 53% of the overlap, led by HSBA, AZN and SHEL.
 HSBAHSBC Holdings PLC | 10.06% | 0.80% | 0.80% |
|---|---|---|---|
 AZNAstraZeneca PLC ORD USD0.25 | 8.98% | 0.72% | 0.72% |
 SHELShell PLC | 7.51% | 0.66% | 0.66% |
 RR-Rolls-Royce Holdings PLC | 4.71% | 0.35% | 0.35% |
 ULVRUnilever PLC | 3.83% | 0.32% | 0.32% |
 BP-BP plc | 3.47% | 0.32% | 0.32% |
 BATSBritish American Tobacco PLC | 4.20% | 0.32% | 0.32% |
 GSKGSK plc | 3.21% | 0.27% | 0.27% |
 RIORio Tinto PLC | 3.74% | 0.27% | 0.27% |
 NG-National Grid PLC | 2.49% | 0.23% | 0.23% |
 BA-BAE Systems PLC | 2.55% | 0.21% | 0.21% |
 BARCBarclays PLC | 2.64% | 0.21% | 0.21% |
 GLENPENGlencore PLC | 2.37% | 0.21% | 0.21% |
 LLOYLloyds Banking Group PLC | 2.51% | 0.20% | 0.20% |
 RELRELX plc | 1.85% | 0.17% | 0.17% |
 NWGNatWest Group PLC | 2.01% | 0.16% | 0.16% |
 LSEGLondon Stock Exchange Group PLC | 1.73% | 0.16% | 0.16% |
 AALAnglo American PLC | 1.87% | 0.13% | 0.13% |
 CPGCompass Group PLC | 1.70% | 0.12% | 0.12% |
 STANStandard Chartered PLC | 1.60% | 0.12% | 0.12% |
 DGEDiageo PLC | 1.42% | 0.11% | 0.11% |
 SSESSE plc | 1.18% | 0.11% | 0.11% |
 RKTReckitt Benckiser Group PLC | 1.24% | 0.11% | 0.11% |
 HLNHaleon PLC | 1.25% | 0.10% | 0.10% |
 TSCOTesco PLC | 1.15% | 0.10% | 0.10% |
Frequently Asked Questions
How much do EWU and VEU overlap?
EWU and VEU overlap by 8.1% of portfolio weight. They share 71 holdings (EWU holds 74 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWU and VEU?
The two portfolios are 8.1% 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 EWU and VEU?
The largest positions held by both funds are HSBA, AZN, SHEL, RR- and ULVR. Together the top 10 shared positions account for 53% of the total overlap.
What does EWU own that VEU doesn't?
3 positions (0.6% of EWU) are unique to EWU, led by GREAT BRITISH POUND, WISE and Euro. In the other direction, 3784 positions (90.8% of VEU) are unique to VEU.