GSIE vs VNQI: Holdings Overlap
GSIEGoldman Sachs ActiveBeta(R) International Equity ETF
Goldman Sachs · 657 holdings · $6.0B · as of 2026-05-31
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
Holdings snapshots are 31 days apart (GSIE: 2026-05-31, VNQI: 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 VNQI?
Goldman Sachs ActiveBeta(R) International Equity ETF (GSIE, by Goldman Sachs) holds 657 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 25 holdings in common, and by portfolio weight the two funds are 1.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 25GSIE holds 657 · VNQI holds 710
- Weight in Shared Holdings
- GSIE 1%·VNQI 26%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
632 of 657 positions (98.2% of the fund) are not held by VNQI. Showing the top 30 by weight.
Sector Breakdown
| Sector | GSIE | VNQI |
|---|---|---|
| Real Estate | 1.0% | 64.7% |
| Financials | 24.0% | 0.0% |
| Industrials | 15.3% | 0.0% |
| Information Technology | 9.0% | 0.0% |
| Health Care | 8.0% | 0.0% |
| Other Sectors | 27.0% | 0.0% |
| Unclassified | 15.0% | 34.3% |
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, 35% of VNQI).
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% |
| VNQI | +1.6% | +0.8% | +3.4% | +8.5% | -0.7% | +2.2% | 4.66% |
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 VNQI →
Shared Holdings(25)
The top 10 shared positions account for 57% of the overlap, led by 16, 1113 and 8802.
 16Sun Hung Kai Properties Ltd. | 0.13% | 2.44% | 0.13% |
|---|---|---|---|
 1113CK Asset Holdings Ltd | 0.09% | 1.12% | 0.09% |
 8802Mitsubishi Estate Co Ltd | 0.07% | 3.14% | 0.07% |
 LANDLand Securities Group PLC | 0.06% | 0.54% | 0.06% |
 SCGScentre Group | 0.06% | 1.27% | 0.06% |
 1925Daiwa House Industry Co Ltd | 0.05% | 1.68% | 0.05% |
 GFCGecina SA | 0.05% | 0.40% | 0.05% |
 LIKlepierre SA | 0.05% | 0.81% | 0.05% |
 83Sino Land Co Ltd | 0.05% | 0.55% | 0.05% |
 URWUnibail-Rodamco-Westfield | 0.05% | 1.34% | 0.05% |
 8830Sumitomo Realty & Development Co. Ltd. | 0.05% | 2.63% | 0.05% |
 SPSNSwiss Prime Site AG | 0.05% | 1.26% | 0.05% |
 COVCovivio SA/France | 0.04% | 0.33% | 0.04% |
 3003Hulic Co Ltd | 0.04% | 0.69% | 0.04% |
 HKLHongkong Land Holdings Ltd | 0.04% | 0.71% | 0.04% |
 VCXVicinity Ltd | 0.04% | 0.64% | 0.04% |
 SGROSegro PLC | 0.03% | 1.16% | 0.03% |
 CICTCapitaLand Integrated Commercial Trust | 0.03% | 0.98% | 0.03% |
 1878Daito Trust Construction Co Ltd | 0.03% | 0.63% | 0.03% |
 AZRGILSAzrieli Group Ltd | 0.03% | 0.53% | 0.03% |
 8951Nippon Building Fund Inc | 0.03% | 0.67% | 0.03% |
 1997Wharf Real Estate Investment Co Ltd | 0.03% | 0.46% | 0.03% |
 CLARCapitaLand Ascendas REIT | 0.03% | 0.75% | 0.03% |
 12Henderson Land Development Co Ltd | 0.02% | 0.49% | 0.02% |
 SGPStockland | 0.02% | 0.64% | 0.02% |
Frequently Asked Questions
How much do GSIE and VNQI overlap?
GSIE and VNQI overlap by 1.2% of portfolio weight. They share 25 holdings (GSIE holds 657 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GSIE and VNQI?
The two portfolios are 1.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of GSIE and VNQI?
The largest positions held by both funds are 16, 1113, 8802, LAND and SCG. Together the top 10 shared positions account for 57% of the total overlap.
What does GSIE own that VNQI doesn't?
632 positions (98.2% of GSIE) are unique to GSIE, led by ASML, HSBA and RY. In the other direction, 685 positions (73.1% of VNQI) are unique to VNQI.