VEA vs IEFA: Holdings Overlap
VEAVanguard Developed Markets Index Fund
Vanguard · 3886 holdings · $235.0B · as of 2026-03-31
IEFAiShares Core MSCI EAFE ETF
iShares · 2632 holdings · $193.5B · as of 2026-04-30
Holdings snapshots are 30 days apart (VEA: 2026-03-31, IEFA: 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 VEA and IEFA?
Vanguard Developed Markets Index Fund (VEA, by Vanguard) holds 3886 positions; iShares Core MSCI EAFE ETF (IEFA, by iShares) holds 2632. They have 2420 holdings in common, and by portfolio weight the two funds are 78.3% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 78.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2420VEA holds 3886 · IEFA holds 2632
- Weight in Shared Holdings
- VEA 79%·IEFA 97%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 VEA
1466 of 3886 positions (20.5% of the fund) are not held by IEFA. Showing the top 30 by weight.
Sector Breakdown
| Sector | VEA | IEFA |
|---|---|---|
| Financials | 20.4% | 20.5% |
| Industrials | 13.9% | 16.0% |
| Information Technology | 9.9% | 7.9% |
| Health Care | 7.3% | 8.3% |
| Materials | 6.2% | 5.4% |
| Other Sectors | 22.9% | 24.3% |
| Unclassified | 18.5% | 17.0% |
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 (19% of VEA, 17% of IEFA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VEA | +3.0% | +17.5% | +29.9% | +19.8% | +10.2% | +10.3% | 2.49% |
| IEFA | +4.2% | +14.8% | +24.5% | +17.9% | +9.3% | +9.8% | 3.25% |
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 VEA vs IEFA →
Shared Holdings(2420)
The top 10 shared positions account for 12% of the overlap, led by ASML, NOVN and AZN.
 ASMLASML Holding NV | 1.77% | 2.21% | 1.77% |
|---|---|---|---|
 NOVNNovartis AG (Registered) | 1.01% | 1.11% | 1.01% |
 AZNAstraZeneca PLC ORD USD0.25 | 1.01% | 1.16% | 1.01% |
 HSBAHSBC Holdings PLC | 0.97% | 1.24% | 0.97% |
 ROPRoche Holding AG | 0.96% | 1.13% | 0.96% |
 SHELShell PLC | 0.90% | 1.02% | 0.90% |
 NESNNestle SA (Registered) | 0.87% | 1.03% | 0.87% |
 7203Toyota Motor Corp. NPV | 0.76% | 0.71% | 0.71% |
 CBACommonwealth Bank of Australia | 0.67% | 0.83% | 0.67% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.64% | 0.80% | 0.64% |
 SIESiemens AG (Registered) | 0.61% | 0.89% | 0.61% |
 BHPBHP Group Ltd. | 0.61% | 0.79% | 0.61% |
 SAPSAP SE | 0.60% | 0.69% | 0.60% |
 TTETotalEnergies SE EUR2.5 | 0.57% | 0.73% | 0.57% |
 SANBanco Santander SA | 0.56% | 0.70% | 0.56% |
 ALVAllianz SE (Registered) | 0.55% | 0.68% | 0.55% |
 IBEIberdrola SA | 0.52% | 0.59% | 0.52% |
 SUSchneider Electric SE | 0.51% | 0.69% | 0.51% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 0.48% | 0.52% | 0.48% |
 RR-Rolls-Royce Holdings PLC | 0.44% | 0.53% | 0.44% |
 ENRSiemens Energy AG | 0.44% | 0.65% | 0.44% |
 DTEDeutsche Telekom AG (Registered) | 0.44% | 0.47% | 0.44% |
 6501Hitachi Ltd. NPV | 0.44% | 0.57% | 0.44% |
 ABBNABB Ltd. (Registered) | 0.43% | 0.62% | 0.43% |
 6758Sony Group Corp. NPV | 0.43% | 0.49% | 0.43% |
Showing the top 250 of 2420 shared holdings by overlap weight.
Frequently Asked Questions
How much do VEA and IEFA overlap?
VEA and IEFA overlap by 78.3% of portfolio weight. They share 2420 holdings (VEA holds 3886 positions and IEFA holds 2632), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VEA and IEFA?
The two portfolios are 78.3% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of VEA and IEFA?
The largest positions held by both funds are ASML, NOVN, AZN, HSBA and ROP. Together the top 10 shared positions account for 12% of the total overlap.
What does VEA own that IEFA doesn't?
1466 positions (20.5% of VEA) are unique to VEA, led by 005930, 000660 and RY. In the other direction, 212 positions (1.9% of IEFA) are unique to IEFA.