FVD vs VEU: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
Holdings snapshots are 30 days apart (FVD: 2026-03-31, 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 FVD and VEU?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 22 holdings in common, and by portfolio weight the two funds are 3.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 22FVD holds 236 · VEU holds 3855
- Weight in Shared Holdings
- FVD 9%·VEU 4%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 FVD
214 of 236 positions (90.5% of the fund) are not held by VEU. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | VEU |
|---|---|---|
| Financials | 18.5% | 20.0% |
| Utilities | 18.9% | 2.5% |
| Information Technology | 4.6% | 16.2% |
| Industrials | 15.1% | 11.7% |
| Consumer Staples | 10.4% | 4.4% |
| Other Sectors | 27.6% | 26.8% |
| Unclassified | 4.7% | 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 (5% of FVD, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FVD | +2.8% | +11.6% | +14.7% | +10.6% | +6.9% | +8.8% | 2.20% |
| 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 FVD vs VEU →
Shared Holdings(22)
The top 10 shared positions account for 84% of the overlap, led by AZN, TTE and RY.
 AZNAstraZeneca PLC ORD USD0.25 | 0.45% | 0.72% | 0.45% |
|---|---|---|---|
 TTETotalEnergies SE EUR2.5 | 0.43% | 0.43% | 0.43% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.42% | 0.64% | 0.42% |
 TDThe Toronto-Dominion Bank COM NEW | 0.42% | 0.46% | 0.42% |
 ENBEnbridge Inc. COM | 0.42% | 0.31% | 0.31% |
 BMOBank of Montreal COM | 0.41% | 0.27% | 0.27% |
 CMCanadian Imperial Bank of Commerce COM | 0.41% | 0.27% | 0.27% |
 BNSBank of Nova Scotia COM | 0.42% | 0.25% | 0.25% |
 TRPTC Energy Corp COM | 0.41% | 0.18% | 0.18% |
 MFCManulife Financial Corporation COM | 0.42% | 0.17% | 0.17% |
 CNICanadian National Railway Company COM | 0.43% | 0.16% | 0.16% |
 SLFSun Life Financial Inc. COM | 0.41% | 0.10% | 0.10% |
 FTSFortis Inc/Canada | 0.42% | 0.07% | 0.07% |
 PBAPembina Pipeline Corporation COM | 0.42% | 0.07% | 0.07% |
 CCEPCoca-Cola Europacific Partners PLC COM EUR0.01 | 0.41% | 0.05% | 0.05% |
 EMAEmera Inc COM | 0.43% | 0.04% | 0.04% |
 INFYInfosys Ltd. SPONSORED ADR | 0.43% | 0.04% | 0.04% |
| Thomson Reuters Corp COM | 0.41% | 0.03% | 0.03% |
 BCEBCE Inc. COM NEW | 0.41% | 0.02% | 0.02% |
 TUTelus Corp. COM | 0.41% | 0.02% | 0.02% |
 WITWipro Ltd. SPON ADR 1 SH | 0.41% | 0.01% | 0.01% |
 TAKTakeda Pharmaceutical Co Ltd. SPONSORED ADS | 0.43% | 0.00% | 0.00% |
Frequently Asked Questions
How much do FVD and VEU overlap?
FVD and VEU overlap by 3.8% of portfolio weight. They share 22 holdings (FVD holds 236 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and VEU?
The two portfolios are 3.8% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FVD and VEU?
The largest positions held by both funds are AZN, TTE, RY, TD and ENB. Together the top 10 shared positions account for 84% of the total overlap.
What does FVD own that VEU doesn't?
214 positions (90.5% of FVD) are unique to FVD, led by ETR, RIO and SNY. In the other direction, 3833 positions (94.5% of VEU) are unique to VEU.