IEFA vs VEU: Holdings Overlap
IEFAiShares Core MSCI EAFE ETF
iShares · 2632 holdings · $193.5B · as of 2026-04-30
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
How similar are IEFA and VEU?
iShares Core MSCI EAFE ETF (IEFA, by iShares) holds 2632 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 1176 holdings in common, and by portfolio weight the two funds are 57.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 57.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1176IEFA holds 2632 · VEU holds 3855
- Weight in Shared Holdings
- IEFA 91%·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 IEFA
1456 of 2632 positions (8.8% of the fund) are not held by VEU. Showing the top 30 by weight.
Only in VEU
2679 of 3855 positions (41.6% of the fund) are not held by IEFA. Showing the top 30 by weight.
Sector Breakdown
| Sector | IEFA | VEU |
|---|---|---|
| Financials | 20.5% | 20.0% |
| Information Technology | 7.9% | 16.2% |
| Industrials | 16.0% | 11.7% |
| Health Care | 8.3% | 5.6% |
| Consumer Discretionary | 5.5% | 6.1% |
| Other Sectors | 24.2% | 21.9% |
| Unclassified | 17.0% | 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 (17% of IEFA, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IEFA | +4.2% | +14.8% | +24.5% | +17.9% | +9.3% | +9.8% | 3.25% |
| 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 IEFA vs VEU →
Shared Holdings(1176)
The top 10 shared positions account for 13% of the overlap, led by ASML, HSBA and ROP.
 ASMLASML Holding NV | 2.21% | 1.43% | 1.43% |
|---|---|---|---|
 HSBAHSBC Holdings PLC | 1.24% | 0.80% | 0.80% |
 ROPRoche Holding AG | 1.13% | 0.73% | 0.73% |
 AZNAstraZeneca PLC ORD USD0.25 | 1.16% | 0.72% | 0.72% |
 NOVNNovartis AG (Registered) | 1.11% | 0.72% | 0.72% |
 NESNNestle SA (Registered) | 1.03% | 0.66% | 0.66% |
 SHELShell PLC | 1.02% | 0.66% | 0.66% |
 SIESiemens AG (Registered) | 0.89% | 0.56% | 0.56% |
 CBACommonwealth Bank of Australia | 0.83% | 0.54% | 0.54% |
 7203Toyota Motor Corp. NPV | 0.71% | 0.52% | 0.52% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.80% | 0.50% | 0.50% |
 BHPBHP Group Ltd. | 0.79% | 0.49% | 0.49% |
 SANBanco Santander SA | 0.70% | 0.45% | 0.45% |
 ALVAllianz SE (Registered) | 0.68% | 0.44% | 0.44% |
 SAPSAP SE | 0.69% | 0.44% | 0.44% |
 SUSchneider Electric SE | 0.69% | 0.44% | 0.44% |
 TTETotalEnergies SE EUR2.5 | 0.73% | 0.43% | 0.43% |
 ENRSiemens Energy AG | 0.65% | 0.40% | 0.40% |
 ABBNABB Ltd. (Registered) | 0.62% | 0.40% | 0.40% |
 IBEIberdrola SA | 0.59% | 0.39% | 0.39% |
 UBSGUBS Group AG (Registered) | 0.55% | 0.35% | 0.35% |
 6501Hitachi Ltd. NPV | 0.57% | 0.35% | 0.35% |
 RR-Rolls-Royce Holdings PLC | 0.53% | 0.35% | 0.35% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 0.52% | 0.35% | 0.35% |
 NOVOBNovo Nordisk A/S, Class B | 0.54% | 0.35% | 0.35% |
Showing the top 250 of 1176 shared holdings by overlap weight.
Frequently Asked Questions
How much do IEFA and VEU overlap?
IEFA and VEU overlap by 57.2% of portfolio weight. They share 1176 holdings (IEFA holds 2632 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IEFA and VEU?
The two portfolios are 57.2% 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 IEFA and VEU?
The largest positions held by both funds are ASML, HSBA, ROP, AZN and NOVN. Together the top 10 shared positions account for 13% of the total overlap.
What does IEFA own that VEU doesn't?
1456 positions (8.8% of IEFA) are unique to IEFA, led by SPOT, Euro and TEVA. In the other direction, 2679 positions (41.6% of VEU) are unique to VEU.