MXI vs VEU: Holdings Overlap
MXIiShares Global Materials ETF
iShares · 101 holdings · $349M · as of 2026-03-31
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
Holdings snapshots are 30 days apart (MXI: 2026-03-31, 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 MXI and VEU?
iShares Global Materials ETF (MXI, by iShares) holds 101 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 58 holdings in common, and by portfolio weight the two funds are 4.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 58MXI holds 101 · VEU holds 3855
- Weight in Shared Holdings
- MXI 57%·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 MXI
43 of 101 positions (42.5% of the fund) are not held by VEU. Showing the top 30 by weight.
Sector Breakdown
| Sector | MXI | VEU |
|---|---|---|
| Materials | 99.5% | 5.4% |
| Financials | 0.0% | 20.0% |
| Information Technology | 0.0% | 16.2% |
| Industrials | 0.0% | 11.7% |
| Consumer Discretionary | 0.0% | 6.1% |
| Other Sectors | 0.2% | 22.1% |
| Unclassified | 0.0% | 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 (0% of MXI, 18% of VEU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| MXI | +6.2% | +18.1% | +32.9% | +13.0% | +7.2% | +10.9% | 1.62% |
| 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 MXI vs VEU →
Shared Holdings(58)
The top 10 shared positions account for 52% of the overlap, led by BHP, RIO and AEM.
 BHPBHP Group Ltd. NPV | 6.21% | 0.49% | 0.49% |
|---|---|---|---|
 RIORio Tinto PLC ORD GBP0.10 | 3.34% | 0.27% | 0.27% |
 AEMAgnico Eagle Mines Ltd. | 3.44% | 0.24% | 0.24% |
 4063Shin-Etsu Chemical Co Ltd. NPV | 2.73% | 0.22% | 0.22% |
 GLENPENGlencore PLC | 2.43% | 0.21% | 0.21% |
 ABXBarrick Mining Corp. | 2.31% | 0.17% | 0.17% |
 BASBASF SE | 1.86% | 0.15% | 0.15% |
 WPMWheaton Precious Metals Corp. | 2.01% | 0.15% | 0.15% |
 AALAnglo American PLC | 1.71% | 0.13% | 0.13% |
 HOLNHolcim AG CHF2 (REGD) | 1.41% | 0.12% | 0.12% |
| RIORio Tinto Ltd. | 1.43% | 0.12% | 0.12% |
 FNVFranco-Nevada Corp. | 1.61% | 0.11% | 0.11% |
 AIAir Liquide S.A.(L') EUR5.50 | 4.04% | 0.11% | 0.11% |
 NTRNutrien Ltd. | 1.23% | 0.09% | 0.09% |
 KUSDKinross Gold Corp. | 1.24% | 0.09% | 0.09% |
 GMEXICOBGrupo Mexico SAB de CV, Series B | 1.13% | 0.08% | 0.08% |
 SIKASika AG CHF0.01 (REG) | 0.90% | 0.08% | 0.08% |
 TECKTeck Resources Ltd., Class B | 0.78% | 0.07% | 0.07% |
 HEIHeidelberg Materials AG NPV | 0.91% | 0.07% | 0.07% |
 GIVNGivaudan SA (Registered) | 0.93% | 0.07% | 0.07% |
 MTArcelorMittal SA | 0.74% | 0.06% | 0.06% |
 FMGFortescue Ltd. NPV | 0.80% | 0.06% | 0.06% |
 NSISBNovonesis Novozymes B | 0.69% | 0.05% | 0.05% |
 NSTNorthern Star Resources Ltd. NPV | 0.70% | 0.05% | 0.05% |
 5401Nippon Steel Corp. NPV | 0.67% | 0.05% | 0.05% |
Frequently Asked Questions
How much do MXI and VEU overlap?
MXI and VEU overlap by 4.1% of portfolio weight. They share 58 holdings (MXI holds 101 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MXI and VEU?
The two portfolios are 4.1% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of MXI and VEU?
The largest positions held by both funds are BHP, RIO, AEM, 4063 and GLENPEN. Together the top 10 shared positions account for 52% of the total overlap.
What does MXI own that VEU doesn't?
43 positions (42.5% of MXI) are unique to MXI, led by LIN, NEM and FCX. In the other direction, 3797 positions (94.7% of VEU) are unique to VEU.