INDA vs VWO: Holdings Overlap
iShares · 169 holdings · $6.6B · as of 2026-05-31
VWOVanguard Emerging Markets Stock Index Fund
Vanguard · 5015 holdings · $124.9B · as of 2026-04-30
Holdings snapshots are 31 days apart (INDA: 2026-05-31, VWO: 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 VWO?
iShares MSCI India ETF (INDA, by iShares) holds 169 positions; Vanguard Emerging Markets Stock Index Fund (VWO, by Vanguard) holds 5015. They have 165 holdings in common, and by portfolio weight the two funds are 12.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 165INDA holds 169 · VWO holds 5015
- Weight in Shared Holdings
- INDA 100%·VWO 13%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 VWO.
Only in VWO
4850 of 5015 positions (86.5% of the fund) are not held by INDA. Showing the top 30 by weight.
Sector Breakdown
| Sector | INDA | VWO |
|---|---|---|
| Information Technology | 6.8% | 23.7% |
| Financials | 21.5% | 12.6% |
| Consumer Discretionary | 9.9% | 7.0% |
| Energy | 8.6% | 3.1% |
| Materials | 6.6% | 3.4% |
| Other Sectors | 23.7% | 12.1% |
| Unclassified | 22.7% | 37.4% |
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, 38% of VWO).
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% | — |
| VWO | +2.7% | +12.6% | +22.3% | +16.6% | +6.6% | +7.9% | 2.29% |
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 VWO →
Shared Holdings(165)
The top 10 shared positions account for 35% of the overlap, led by RELIANCE, HDFCB and ICICIBC.
 RELIANCEReliance Industries Ltd | 6.23% | 0.90% | 0.90% |
|---|---|---|---|
 HDFCBHDFC Bank Ltd | 6.15% | 0.80% | 0.80% |
 ICICIBCICICI Bank Ltd | 4.68% | 0.61% | 0.61% |
 BHARTIBharti Airtel Ltd | 3.63% | 0.51% | 0.51% |
 INFOInfosys Ltd | 2.92% | 0.38% | 0.38% |
 AXSBAxis Bank Ltd | 2.23% | 0.27% | 0.27% |
 MMMahindra & Mahindra Ltd | 2.20% | 0.26% | 0.26% |
 LTLarsen & Toubro Ltd | 2.13% | 0.25% | 0.25% |
 BAFBajaj Finance Ltd | 1.92% | 0.24% | 0.24% |
 TCSTata Consultancy Services Ltd | 1.54% | 0.23% | 0.23% |
 KMBKotak Mahindra Bank Ltd | 1.59% | 0.19% | 0.19% |
 HUVRHindustan Unilever Ltd | 1.34% | 0.18% | 0.18% |
 SUNPSun Pharmaceutical Industries Ltd | 1.30% | 0.18% | 0.18% |
 NTPCNTPC Ltd | 1.28% | 0.17% | 0.17% |
 MSILMaruti Suzuki India Ltd | 1.25% | 0.16% | 0.16% |
 TATATata Steel Ltd | 1.18% | 0.16% | 0.16% |
 SBINState Bank of India | 1.34% | 0.16% | 0.16% |
 TTANTitan Co Ltd | 1.09% | 0.15% | 0.15% |
 BHEBharat Electronics Ltd | 1.13% | 0.14% | 0.14% |
 HNDLHindalco Industries Ltd | 1.15% | 0.14% | 0.14% |
 PWGRPower Grid Corp of India Ltd | 1.02% | 0.13% | 0.13% |
 UTCEMUltraTech Cement Ltd | 1.02% | 0.13% | 0.13% |
 SHFLShriram Finance Ltd | 1.01% | 0.12% | 0.12% |
 ADSEZAdani Ports & Special Economic Zone Ltd | 0.74% | 0.12% | 0.12% |
 HCLTHCL Technologies Ltd | 0.85% | 0.12% | 0.12% |
Frequently Asked Questions
How much do INDA and VWO overlap?
INDA and VWO overlap by 12.8% of portfolio weight. They share 165 holdings (INDA holds 169 positions and VWO holds 5015), based on each fund's latest SEC-reported holdings.
Is it redundant to own both INDA and VWO?
The two portfolios are 12.8% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of INDA and VWO?
The largest positions held by both funds are RELIANCE, HDFCB, ICICIBC, BHARTI and INFO. Together the top 10 shared positions account for 35% of the total overlap.
What does INDA own that VWO doesn't?
4 positions (0.4% of INDA) are unique to INDA, led by VAML, VEDPOWER and VISL. In the other direction, 4850 positions (86.5% of VWO) are unique to VWO.