IPAC vs VEU: Holdings Overlap
IPACiShares Core MSCI Pacific ETF
iShares · 1375 holdings · $2.7B · 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 IPAC and VEU?
iShares Core MSCI Pacific ETF (IPAC, by iShares) holds 1375 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 670 holdings in common, and by portfolio weight the two funds are 21.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 21.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 670IPAC holds 1375 · VEU holds 3855
- Weight in Shared Holdings
- IPAC 92%·VEU 21%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 IPAC
705 of 1375 positions (7.7% of the fund) are not held by VEU. Showing the top 30 by weight.
Sector Breakdown
| Sector | IPAC | VEU |
|---|---|---|
| Financials | 20.1% | 20.0% |
| Information Technology | 9.0% | 16.2% |
| Industrials | 15.3% | 11.7% |
| Consumer Discretionary | 7.5% | 6.1% |
| Materials | 6.3% | 5.4% |
| Other Sectors | 18.9% | 22.1% |
| Unclassified | 22.2% | 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 (22% of IPAC, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IPAC | +4.8% | +18.9% | +27.2% | +18.2% | +9.0% | +9.1% | 3.71% |
| 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 IPAC vs VEU →
Shared Holdings(670)
The top 10 shared positions account for 19% of the overlap, led by CBA, 7203 and 8306.
 CBACommonwealth Bank of Australia | 2.30% | 0.54% | 0.54% |
|---|---|---|---|
 7203Toyota Motor Corp. NPV | 1.98% | 0.52% | 0.52% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 2.21% | 0.50% | 0.50% |
 BHPBHP Group Ltd. | 2.19% | 0.49% | 0.49% |
 6501Hitachi Ltd. NPV | 1.59% | 0.35% | 0.35% |
 6857Advantest Corp. NPV | 1.56% | 0.34% | 0.34% |
 9984SoftBank Group Corp. | 1.38% | 0.34% | 0.34% |
 8035Tokyo Electron Ltd. NPV | 1.44% | 0.33% | 0.33% |
 8316Sumitomo Mitsui Financial Group Inc. NPV | 1.41% | 0.33% | 0.33% |
 6758Sony Group Corp. NPV | 1.34% | 0.31% | 0.31% |
 1299AIA Group Ltd. | 1.25% | 0.29% | 0.29% |
 8058Mitsubishi Corp. NPV | 1.12% | 0.27% | 0.27% |
 8411Mizuho Financial Group Inc. NPV | 1.17% | 0.26% | 0.26% |
 7011Mitsubishi Heavy Industries Ltd. NPV | 1.04% | 0.24% | 0.24% |
 WBCWestpac Banking Corp. | 1.04% | 0.24% | 0.24% |
 8031Mitsui & Co Ltd. NPV | 1.01% | 0.24% | 0.24% |
 DBSDBS Group Holdings Ltd. | 1.05% | 0.24% | 0.24% |
 NABNational Australia Bank Ltd. | 0.97% | 0.23% | 0.23% |
 6861Keyence Corp. NPV | 0.98% | 0.22% | 0.22% |
 4063Shin-Etsu Chemical Co Ltd. NPV | 0.85% | 0.22% | 0.22% |
 9983Fast Retailing Co Ltd. NPV | 0.98% | 0.21% | 0.21% |
 8766Tokio Marine Holdings Inc. NPV | 0.92% | 0.21% | 0.21% |
 ANZANZ Group Holdings Ltd. | 0.87% | 0.20% | 0.20% |
 6503Mitsubishi Electric Corp. NPV | 0.83% | 0.20% | 0.20% |
 8001ITOCHU Corp. NPV | 0.80% | 0.20% | 0.20% |
Showing the top 250 of 670 shared holdings by overlap weight.
Frequently Asked Questions
How much do IPAC and VEU overlap?
IPAC and VEU overlap by 21.3% of portfolio weight. They share 670 holdings (IPAC holds 1375 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IPAC and VEU?
The two portfolios are 21.3% 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 IPAC and VEU?
The largest positions held by both funds are CBA, 7203, 8306, BHP and 6501. Together the top 10 shared positions account for 19% of the total overlap.
What does IPAC own that VEU doesn't?
705 positions (7.7% of IPAC) are unique to IPAC, led by SE, GRAB and FUTU. In the other direction, 3185 positions (77.6% of VEU) are unique to VEU.