FEZ vs VEU: Holdings Overlap
FEZState Street® SPDR® EURO STOXX 50® ETF
State Street (SPDR) · 51 holdings · $4.5B · as of 2026-08-06
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
Holdings snapshots are 98 days apart (FEZ: 2026-08-06, 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 FEZ and VEU?
State Street® SPDR® EURO STOXX 50® ETF (FEZ, by State Street (SPDR)) holds 50 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 49 holdings in common, and by portfolio weight the two funds are 11.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 49FEZ holds 50 · VEU holds 3855
- Weight in Shared Holdings
- FEZ 98%·VEU 12%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 VEU
3806 of 3855 positions (87.0% of the fund) are not held by FEZ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FEZ | VEU |
|---|---|---|
| Financials | 28.2% | 20.0% |
| Industrials | 21.9% | 11.7% |
| Information Technology | 12.6% | 16.2% |
| Consumer Discretionary | 9.6% | 6.1% |
| Health Care | 5.1% | 5.6% |
| Other Sectors | 20.3% | 21.9% |
| Unclassified | 0.0% | 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 (0% of FEZ, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FEZ | +4.7% | +13.6% | +24.4% | +19.4% | +11.9% | +11.5% | 2.48% |
| 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 FEZ vs VEU →
Shared Holdings(49)
The top 10 shared positions account for 45% of the overlap, led by ASML, SIE and SAN.
 ASMLASML Holding NV | 8.78% | 1.43% | 1.43% |
|---|---|---|---|
 SIESiemens AG (Registered) | 4.41% | 0.56% | 0.56% |
 SANBanco Santander SA | 4.16% | 0.45% | 0.45% |
 ALVAllianz SE (Registered) | 3.69% | 0.44% | 0.44% |
 SAPSAP SE | 3.81% | 0.44% | 0.44% |
 SUSchneider Electric SE | 3.82% | 0.44% | 0.44% |
 TTETotalEnergies SE EUR2.5 | 3.73% | 0.43% | 0.43% |
 ENRSiemens Energy AG | 2.75% | 0.40% | 0.40% |
 IBEIberdrola SA | 2.87% | 0.39% | 0.39% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 2.62% | 0.35% | 0.35% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 3.05% | 0.32% | 0.32% |
 AIRAirbus SE | 2.75% | 0.31% | 0.31% |
 UCGUniCredit SpA | 2.81% | 0.30% | 0.30% |
 SAFSafran SA | 2.89% | 0.28% | 0.28% |
 DTEDeutsche Telekom AG (Registered) | 2.22% | 0.28% | 0.28% |
 ISPIntesa Sanpaolo SpA | 2.30% | 0.27% | 0.27% |
 BNPBNP Paribas SA | 2.57% | 0.26% | 0.26% |
| SANSanofi SA | 1.84% | 0.26% | 0.26% |
 ENELEnel SpA | 1.71% | 0.23% | 0.23% |
 INGAING Groep NV | 1.98% | 0.21% | 0.21% |
 MUV2Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | 1.46% | 0.20% | 0.20% |
 CSAxa SA EUR2.29 | 1.74% | 0.20% | 0.20% |
 DGVinci SA | 1.62% | 0.19% | 0.19% |
 RHMRheinmetall AG | 1.19% | 0.18% | 0.18% |
 ABIAnheuser-Busch InBev SA/NV | 1.66% | 0.18% | 0.18% |
Frequently Asked Questions
How much do FEZ and VEU overlap?
FEZ and VEU overlap by 11.8% of portfolio weight. They share 49 holdings (FEZ holds 50 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FEZ and VEU?
The two portfolios are 11.8% 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 FEZ and VEU?
The largest positions held by both funds are ASML, SIE, SAN, ALV and SAP. Together the top 10 shared positions account for 45% of the total overlap.
What does FEZ own that VEU doesn't?
1 positions (0.0% of FEZ) are unique to FEZ, led by VGU6. In the other direction, 3806 positions (87.0% of VEU) are unique to VEU.