GSIE vs VEA: Holdings Overlap
GSIEGoldman Sachs ActiveBeta(R) International Equity ETF
Goldman Sachs · 657 holdings · $6.0B · as of 2026-05-31
VEAVanguard Developed Markets Index Fund
Vanguard · 3886 holdings · $235.0B · as of 2026-03-31
Holdings snapshots are 61 days apart (GSIE: 2026-05-31, VEA: 2026-03-31). 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 GSIE and VEA?
Goldman Sachs ActiveBeta(R) International Equity ETF (GSIE, by Goldman Sachs) holds 657 positions; Vanguard Developed Markets Index Fund (VEA, by Vanguard) holds 3886. They have 642 holdings in common, and by portfolio weight the two funds are 57.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 57.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 642GSIE holds 657 · VEA holds 3886
- Weight in Shared Holdings
- GSIE 98%·VEA 72%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 GSIE
15 of 657 positions (1.7% of the fund) are not held by VEA.
Sector Breakdown
| Sector | GSIE | VEA |
|---|---|---|
| Financials | 24.0% | 20.4% |
| Industrials | 15.3% | 13.9% |
| Information Technology | 9.0% | 9.9% |
| Health Care | 8.0% | 7.3% |
| Consumer Staples | 6.9% | 5.2% |
| Other Sectors | 21.2% | 23.9% |
| Unclassified | 15.0% | 18.5% |
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 (15% of GSIE, 19% of VEA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| GSIE | +5.0% | +14.2% | +23.8% | +18.4% | +9.5% | +9.8% | 2.43% |
| VEA | +3.0% | +17.5% | +29.9% | +19.8% | +10.2% | +10.3% | 2.49% |
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 GSIE vs VEA →
Shared Holdings(642)
The top 10 shared positions account for 15% of the overlap, led by ASML, NOVN and HSBA.
 ASMLASML Holding NV | 2.11% | 1.77% | 1.77% |
|---|---|---|---|
 NOVNNovartis AG (Registered) | 1.02% | 1.01% | 1.01% |
 HSBAHSBC Holdings PLC | 1.06% | 0.97% | 0.97% |
 ROPRoche Holding AG | 1.01% | 0.96% | 0.96% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.88% | 1.01% | 0.88% |
 RYGovernment Long Bond 1.2x Strategy Fund | 1.06% | 0.78% | 0.78% |
 SHELShell PLC | 0.61% | 0.90% | 0.61% |
 NESNNestle SA (Registered) | 0.60% | 0.87% | 0.60% |
 SIESiemens AG (Registered) | 0.58% | 0.61% | 0.58% |
 SANBanco Santander SA | 0.80% | 0.56% | 0.56% |
 ALVAllianz SE (Registered) | 0.57% | 0.55% | 0.55% |
 TDThe Toronto-Dominion Bank COM NEW | 0.78% | 0.54% | 0.54% |
 BHPBHP Group Ltd. | 0.50% | 0.61% | 0.50% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.48% | 0.64% | 0.48% |
 SAPSAP SE ORD NPV | 0.48% | 0.60% | 0.48% |
 TTETotalEnergies SE EUR2.5 | 0.46% | 0.57% | 0.46% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 0.55% | 0.42% | 0.42% |
 CBACommonwealth Bank of Australia | 0.42% | 0.67% | 0.42% |
 ENRSiemens Energy AG | 0.42% | 0.44% | 0.42% |
 NOVOBNovo Nordisk A/S, Class B | 0.42% | 0.40% | 0.40% |
 UBSGUBS Group AG (Registered) | 0.38% | 0.42% | 0.38% |
 8035Tokyo Electron Ltd. NPV | 0.49% | 0.38% | 0.38% |
 IBEIberdrola SA | 0.37% | 0.52% | 0.37% |
 UCGUniCredit SpA | 0.40% | 0.37% | 0.37% |
 GSKGSK plc | 0.36% | 0.38% | 0.36% |
Showing the top 250 of 642 shared holdings by overlap weight.
Frequently Asked Questions
How much do GSIE and VEA overlap?
GSIE and VEA overlap by 57.5% of portfolio weight. They share 642 holdings (GSIE holds 657 positions and VEA holds 3886), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GSIE and VEA?
The two portfolios are 57.5% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of GSIE and VEA?
The largest positions held by both funds are ASML, NOVN, HSBA, ROP and AZN. Together the top 10 shared positions account for 15% of the total overlap.
What does GSIE own that VEA doesn't?
15 positions (1.7% of GSIE) are unique to GSIE, led by EMP-A, NBIS and FUTU. In the other direction, 3244 positions (26.8% of VEA) are unique to VEA.