IEFA vs VNQI: Holdings Overlap
IEFAiShares Core MSCI EAFE ETF
iShares · 2632 holdings · $193.5B · as of 2026-04-30
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
How similar are IEFA and VNQI?
iShares Core MSCI EAFE ETF (IEFA, by iShares) holds 2632 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 228 holdings in common, and by portfolio weight the two funds are 3.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 228IEFA holds 2632 · VNQI holds 710
- Weight in Shared Holdings
- IEFA 3%·VNQI 71%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
2404 of 2632 positions (96.4% of the fund) are not held by VNQI. Showing the top 30 by weight.
Only in VNQI
482 of 710 positions (28.3% of the fund) are not held by IEFA. Showing the top 30 by weight.
Sector Breakdown
| Sector | IEFA | VNQI |
|---|---|---|
| Real Estate | 2.6% | 64.7% |
| Financials | 20.5% | 0.0% |
| Industrials | 16.0% | 0.0% |
| Health Care | 8.3% | 0.0% |
| Information Technology | 7.9% | 0.0% |
| Other Sectors | 27.1% | 0.0% |
| Unclassified | 17.0% | 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 (17% of IEFA, 35% of VNQI).
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% |
| 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 IEFA vs VNQI →
Shared Holdings(228)
The top 10 shared positions account for 30% of the overlap, led by GMG, 8802 and 8801.
 GMGGoodman Group | 0.17% | 4.01% | 0.17% |
|---|---|---|---|
 8802Mitsubishi Estate Co Ltd | 0.12% | 3.14% | 0.12% |
 8801Mitsui Fudosan Co. Ltd. | 0.11% | 2.76% | 0.11% |
 16Sun Hung Kai Properties Ltd. | 0.10% | 2.44% | 0.10% |
 VNAVonovia SE | 0.08% | 2.05% | 0.08% |
 8830Sumitomo Realty & Development Co. Ltd. | 0.08% | 2.63% | 0.08% |
 1925Daiwa House Industry Co Ltd | 0.07% | 1.68% | 0.07% |
 URWUnibail-Rodamco-Westfield | 0.06% | 1.34% | 0.06% |
 SPSNSwiss Prime Site AG | 0.06% | 1.26% | 0.06% |
 SCGScentre Group | 0.05% | 1.27% | 0.05% |
 823Link REIT | 0.05% | 1.19% | 0.05% |
 1113CK Asset Holdings Ltd | 0.05% | 1.12% | 0.05% |
 SGROSegro PLC | 0.05% | 1.16% | 0.05% |
 CICTCapitaLand Integrated Commercial Trust | 0.05% | 0.98% | 0.05% |
 PSPNPSP Swiss Property AG | 0.04% | 0.83% | 0.04% |
 HKLHongkong Land Holdings Ltd | 0.03% | 0.71% | 0.03% |
 LIKlepierre SA | 0.03% | 0.81% | 0.03% |
 CLARCapitaLand Ascendas REIT | 0.03% | 0.75% | 0.03% |
 AEDAedifica SA | 0.03% | 0.64% | 0.03% |
 AZRGILSAzrieli Group Ltd | 0.03% | 0.53% | 0.03% |
 SGPStockland | 0.03% | 0.64% | 0.03% |
 CHCCharter Hall Group | 0.03% | 0.63% | 0.03% |
 VCXVicinity Ltd | 0.03% | 0.64% | 0.03% |
 MRLMerlin Properties Socimi SA | 0.03% | 0.69% | 0.03% |
 GPTGPT Group/The | 0.03% | 0.60% | 0.03% |
Frequently Asked Questions
How much do IEFA and VNQI overlap?
IEFA and VNQI overlap by 3.0% of portfolio weight. They share 228 holdings (IEFA holds 2632 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IEFA and VNQI?
The two portfolios are 3.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of IEFA and VNQI?
The largest positions held by both funds are GMG, 8802, 8801, 16 and VNA. Together the top 10 shared positions account for 30% of the total overlap.
What does IEFA own that VNQI doesn't?
2404 positions (96.4% of IEFA) are unique to IEFA, led by ASML, HSBA and AZN. In the other direction, 482 positions (28.3% of VNQI) are unique to VNQI.