INDA vs VEU: Holdings Overlap
iShares · 169 holdings · $6.6B · 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 (INDA: 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 INDA and VEU?
iShares MSCI India ETF (INDA, by iShares) holds 169 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 165 holdings in common, and by portfolio weight the two funds are 3.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 165INDA holds 169 · VEU holds 3855
- Weight in Shared Holdings
- INDA 100%·VEU 4%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 INDA
4 of 169 positions (0.4% of the fund) are not held by VEU.
Sector Breakdown
| Sector | INDA | VEU |
|---|---|---|
| Financials | 21.5% | 20.0% |
| Information Technology | 6.8% | 16.2% |
| Industrials | 6.3% | 11.7% |
| Consumer Discretionary | 9.9% | 6.1% |
| Energy | 8.6% | 4.5% |
| Other Sectors | 24.0% | 23.0% |
| Unclassified | 22.7% | 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 (23% of INDA, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| INDA | +2.1% | -6.8% | -4.1% | +4.7% | +3.4% | +6.6% | — |
| 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 INDA vs VEU →
Shared Holdings(165)
The top 10 shared positions account for 34% of the overlap, led by RELIANCE, HDFCB and ICICIBC.
 RELIANCEReliance Industries Ltd | 6.23% | 0.26% | 0.26% |
|---|---|---|---|
 HDFCBHDFC Bank Ltd | 6.15% | 0.24% | 0.24% |
 ICICIBCICICI Bank Ltd | 4.68% | 0.18% | 0.18% |
 BHARTIBharti Airtel Ltd | 3.63% | 0.15% | 0.15% |
 AXSBAxis Bank Ltd | 2.23% | 0.08% | 0.08% |
 MMMahindra & Mahindra Ltd | 2.20% | 0.08% | 0.08% |
 LTLarsen & Toubro Ltd | 2.13% | 0.07% | 0.07% |
 BAFBajaj Finance Ltd | 1.92% | 0.07% | 0.07% |
 INFOInfosys Ltd | 2.92% | 0.07% | 0.07% |
 TCSTata Consultancy Services Ltd | 1.54% | 0.07% | 0.07% |
 KMBKotak Mahindra Bank Ltd | 1.59% | 0.06% | 0.06% |
 HUVRHindustan Unilever Ltd | 1.34% | 0.05% | 0.05% |
 SBINState Bank of India | 1.34% | 0.05% | 0.05% |
 SUNPSun Pharmaceutical Industries Ltd | 1.30% | 0.05% | 0.05% |
 NTPCNTPC Ltd | 1.28% | 0.05% | 0.05% |
 MSILMaruti Suzuki India Ltd | 1.25% | 0.05% | 0.05% |
 TATATata Steel Ltd | 1.18% | 0.05% | 0.05% |
 TTANTitan Co Ltd | 1.09% | 0.04% | 0.04% |
 BHEBharat Electronics Ltd | 1.13% | 0.04% | 0.04% |
 HNDLHindalco Industries Ltd | 1.15% | 0.04% | 0.04% |
 PWGRPower Grid Corp of India Ltd | 1.02% | 0.04% | 0.04% |
 UTCEMUltraTech Cement Ltd | 1.02% | 0.04% | 0.04% |
 SHFLShriram Finance Ltd | 1.01% | 0.04% | 0.04% |
 ADSEZAdani Ports & Special Economic Zone Ltd | 0.74% | 0.04% | 0.04% |
 HCLTHCL Technologies Ltd | 0.85% | 0.03% | 0.03% |
Frequently Asked Questions
How much do INDA and VEU overlap?
INDA and VEU overlap by 3.7% of portfolio weight. They share 165 holdings (INDA holds 169 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both INDA and VEU?
The two portfolios are 3.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of INDA and VEU?
The largest positions held by both funds are RELIANCE, HDFCB, ICICIBC, BHARTI and AXSB. Together the top 10 shared positions account for 34% of the total overlap.
What does INDA own that VEU doesn't?
4 positions (0.4% of INDA) are unique to INDA, led by VAML, VEDPOWER and VISL. In the other direction, 3690 positions (95.1% of VEU) are unique to VEU.