GSIE vs VEU: Holdings Overlap
GSIEGoldman Sachs ActiveBeta(R) International Equity ETF
Goldman Sachs · 657 holdings · $6.0B · 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 (GSIE: 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 GSIE and VEU?
Goldman Sachs ActiveBeta(R) International Equity ETF (GSIE, by Goldman Sachs) holds 657 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 643 holdings in common, and by portfolio weight the two funds are 49.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 49.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 643GSIE holds 657 · VEU holds 3855
- Weight in Shared Holdings
- GSIE 98%·VEU 57%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
14 of 657 positions (1.7% of the fund) are not held by VEU.
Only in VEU
3212 of 3855 positions (42.0% of the fund) are not held by GSIE. Showing the top 30 by weight.
Sector Breakdown
| Sector | GSIE | VEU |
|---|---|---|
| Financials | 24.0% | 20.0% |
| Information Technology | 9.0% | 16.2% |
| Industrials | 15.3% | 11.7% |
| Health Care | 8.0% | 5.6% |
| Consumer Staples | 6.9% | 4.4% |
| Other Sectors | 21.2% | 23.6% |
| Unclassified | 15.0% | 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 (15% of GSIE, 18% of VEU).
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% |
| 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 GSIE vs VEU →
Shared Holdings(643)
The top 10 shared positions account for 15% of the overlap, led by ASML, HSBA and ROP.
 ASMLASML Holding NV | 2.11% | 1.43% | 1.43% |
|---|---|---|---|
 HSBAHSBC Holdings PLC | 1.06% | 0.80% | 0.80% |
 ROPRoche Holding AG | 1.01% | 0.73% | 0.73% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.88% | 0.72% | 0.72% |
 NOVNNovartis AG (Registered) | 1.02% | 0.72% | 0.72% |
 RYGovernment Long Bond 1.2x Strategy Fund | 1.06% | 0.64% | 0.64% |
 SHELShell PLC | 0.61% | 0.66% | 0.61% |
 NESNNestle SA (Registered) | 0.60% | 0.66% | 0.60% |
 SIESiemens AG (Registered) | 0.58% | 0.56% | 0.56% |
 BHPBHP Group Ltd. | 0.50% | 0.49% | 0.49% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.48% | 0.50% | 0.48% |
 TDThe Toronto-Dominion Bank COM NEW | 0.78% | 0.46% | 0.46% |
 SANBanco Santander SA | 0.80% | 0.45% | 0.45% |
 ALVAllianz SE (Registered) | 0.57% | 0.44% | 0.44% |
 SAPSAP SE ORD NPV | 0.48% | 0.44% | 0.44% |
 TTETotalEnergies SE EUR2.5 | 0.46% | 0.43% | 0.43% |
 CBACommonwealth Bank of Australia | 0.42% | 0.54% | 0.42% |
 ENRSiemens Energy AG | 0.42% | 0.40% | 0.40% |
 IBEIberdrola SA | 0.37% | 0.39% | 0.37% |
 SUSchneider Electric SE | 0.36% | 0.44% | 0.36% |
 UBSGUBS Group AG (Registered) | 0.38% | 0.35% | 0.35% |
 NOVOBNovo Nordisk A/S, Class B | 0.42% | 0.35% | 0.35% |
 6857Advantest Corp. NPV | 0.77% | 0.34% | 0.34% |
 6501Hitachi Ltd. NPV | 0.34% | 0.35% | 0.34% |
 8035Tokyo Electron Ltd. NPV | 0.49% | 0.33% | 0.33% |
Showing the top 250 of 643 shared holdings by overlap weight.
Frequently Asked Questions
How much do GSIE and VEU overlap?
GSIE and VEU overlap by 49.9% of portfolio weight. They share 643 holdings (GSIE holds 657 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GSIE and VEU?
The two portfolios are 49.9% 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 VEU?
The largest positions held by both funds are ASML, HSBA, ROP, AZN and NOVN. Together the top 10 shared positions account for 15% of the total overlap.
What does GSIE own that VEU doesn't?
14 positions (1.7% of GSIE) are unique to GSIE, led by EMP-A, NBIS and FUTU. In the other direction, 3212 positions (42.0% of VEU) are unique to VEU.