SPDW vs VSS: Holdings Overlap
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
VSSVanguard FTSE All-world Ex-us Small-cap Index Fund
Vanguard · 4810 holdings · $11.7B · as of 2026-04-30
Holdings snapshots are 96 days apart (SPDW: 2026-08-04, VSS: 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 SPDW and VSS?
State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342 positions; Vanguard FTSE All-world Ex-us Small-cap Index Fund (VSS, by Vanguard) holds 4810. They have 602 holdings in common, and by portfolio weight the two funds are 4.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 602SPDW holds 2342 · VSS holds 4810
- Weight in Shared Holdings
- SPDW 5%·VSS 33%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 SPDW
1740 of 2342 positions (94.1% of the fund) are not held by VSS. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPDW | +3.1% | +17.9% | +30.1% | +19.9% | +10.1% | +10.3% | 2.94% |
| VSS | +3.4% | +11.3% | +19.8% | +15.6% | +6.0% | +8.0% | 3.14% |
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 SPDW vs VSS →
Shared Holdings(602)
The top 10 shared positions account for 11% of the overlap, led by SBMO, NKT and SUBC.
 SBMOSBM Offshore NV | 0.10% | 0.15% | 0.10% |
|---|---|---|---|
 NKTNkt AS DKK20 | 0.06% | 0.21% | 0.06% |
 SUBCSubsea 7 SA | 0.05% | 0.22% | 0.05% |
 VOEvoestalpine AG | 0.05% | 0.17% | 0.05% |
 ATZAritzia Inc | 0.05% | 0.27% | 0.05% |
 NEXNexans SA | 0.05% | 0.20% | 0.05% |
 SOBOSouth Bow Corp | 0.04% | 0.19% | 0.04% |
 FLSFLSmidth & Co A/S | 0.04% | 0.09% | 0.04% |
 UNIUnicaja Banco SA | 0.04% | 0.10% | 0.04% |
 EIFExchange Income Corp | 0.04% | 0.05% | 0.04% |
 ABDNAberdeen Group PLC | 0.04% | 0.14% | 0.04% |
 GBFBilfinger SE | 0.03% | 0.11% | 0.03% |
 RS1RS Group plc ORD GBP0.10 | 0.03% | 0.10% | 0.03% |
 EMGMan Group PLC/Jersey | 0.03% | 0.11% | 0.03% |
 STBStorebrand ASA | 0.03% | 0.21% | 0.03% |
 8367Nanto Bank Ltd/The | 0.03% | 0.04% | 0.03% |
 FTTFinning International Inc | 0.03% | 0.26% | 0.03% |
 DPMDPM Metals Inc | 0.03% | 0.19% | 0.03% |
 ACLNAccelleron Industries AG | 0.03% | 0.27% | 0.03% |
 HBMHudbay Minerals Inc | 0.03% | 0.23% | 0.03% |
 8336Musashino Bank Ltd/The | 0.03% | 0.04% | 0.03% |
 TKAthyssenkrupp AG | 0.03% | 0.16% | 0.03% |
 IREIren SpA | 0.03% | 0.05% | 0.03% |
 A036930Jusung Engineering Co Ltd | 0.03% | 0.07% | 0.03% |
 GTTGaztransport Et Technigaz SA | 0.02% | 0.24% | 0.02% |
Showing the top 250 of 602 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPDW and VSS overlap?
SPDW and VSS overlap by 4.5% of portfolio weight. They share 602 holdings (SPDW holds 2342 positions and VSS holds 4810), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPDW and VSS?
The two portfolios are 4.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SPDW and VSS?
The largest positions held by both funds are SBMO, NKT, SUBC, VOE and ATZ. Together the top 10 shared positions account for 11% of the total overlap.
What does SPDW own that VSS doesn't?
1740 positions (94.1% of SPDW) are unique to SPDW, led by SMSN, ASML and A000660. In the other direction, 4208 positions (66.3% of VSS) are unique to VSS.