VEA vs IEMG: Holdings Overlap
VEAVanguard Developed Markets Index Fund
Vanguard · 3886 holdings · $235.0B · as of 2026-03-31
IEMGiShares Core MSCI Emerging Markets ETF
iShares · 2697 holdings · $156.6B · as of 2026-05-31
Holdings snapshots are 61 days apart (VEA: 2026-03-31, IEMG: 2026-05-31). 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 IEMG?
Vanguard Developed Markets Index Fund (VEA, by Vanguard) holds 3886 positions; iShares Core MSCI Emerging Markets ETF (IEMG, by iShares) holds 2697. They have 334 holdings in common, and by portfolio weight the two funds are 7.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 334VEA holds 3886 · IEMG holds 2697
- Weight in Shared Holdings
- VEA 7%·IEMG 24%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
3552 of 3886 positions (92.0% of the fund) are not held by IEMG. Showing the top 30 by weight.
Only in IEMG
2363 of 2697 positions (76.2% of the fund) are not held by VEA. Showing the top 30 by weight.
Sector Breakdown
| Sector | VEA | IEMG |
|---|---|---|
| Information Technology | 9.9% | 36.2% |
| Financials | 20.4% | 11.0% |
| Industrials | 13.9% | 2.4% |
| Health Care | 7.3% | 0.9% |
| Materials | 6.2% | 2.9% |
| Other Sectors | 22.9% | 15.7% |
| Unclassified | 18.5% | 30.7% |
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, 31% of IEMG).
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% |
| IEMG | +0.3% | +19.9% | +33.4% | +20.1% | +7.8% | +9.0% | 2.25% |
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 IEMG →
Shared Holdings(334)
The top 10 shared positions account for 55% of the overlap, led by 005930, 000660 and 005935.
 005930Samsung Electronics Co Ltd | 1.88% | 6.80% | 1.88% |
|---|---|---|---|
 000660SK hynix Inc | 1.05% | 5.82% | 1.05% |
 005935Samsung Electronics Co Ltd | 0.22% | 0.74% | 0.22% |
 005380Hyundai Motor Co | 0.14% | 0.44% | 0.14% |
 105560KB Financial Group Inc | 0.12% | 0.25% | 0.12% |
 402340SK Square Co Ltd | 0.10% | 0.53% | 0.10% |
 012450Hanwha Aerospace Co Ltd | 0.10% | 0.18% | 0.10% |
 034020Doosan Enerbility Co Ltd | 0.10% | 0.22% | 0.10% |
 055550Shinhan Financial Group Co Ltd | 0.09% | 0.18% | 0.09% |
 000270Kia Corp | 0.08% | 0.18% | 0.08% |
 PKNOrlen SA PLN1.25 | 0.07% | 0.15% | 0.07% |
 035420NAVER Corp | 0.07% | 0.15% | 0.07% |
 PKOPowszechna Kasa Oszczednosci Bank Polski SA | 0.07% | 0.17% | 0.07% |
 086790Hana Financial Group Inc | 0.07% | 0.15% | 0.07% |
 068270Celltrion Inc | 0.07% | 0.13% | 0.07% |
 006400Samsung SDI Co Ltd | 0.06% | 0.19% | 0.06% |
 005490POSCO Holdings Inc | 0.06% | 0.14% | 0.06% |
 009150Samsung Electro-Mechanics Co Ltd | 0.05% | 0.54% | 0.05% |
 012330Hyundai Mobis Co Ltd | 0.05% | 0.20% | 0.05% |
 316140Woori Financial Group Inc | 0.05% | 0.09% | 0.05% |
 028260Samsung C&T Corp | 0.05% | 0.17% | 0.05% |
 267260HD Hyundai Electric Co Ltd | 0.04% | 0.11% | 0.04% |
 207940Samsung Biologics Co Ltd | 0.04% | 0.07% | 0.04% |
 032830Samsung Life Insurance Co Ltd | 0.04% | 0.14% | 0.04% |
 373220LG Energy Solution Ltd | 0.04% | 0.10% | 0.04% |
Showing the top 250 of 334 shared holdings by overlap weight.
Frequently Asked Questions
How much do VEA and IEMG overlap?
VEA and IEMG overlap by 7.0% of portfolio weight. They share 334 holdings (VEA holds 3886 positions and IEMG holds 2697), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VEA and IEMG?
The two portfolios are 7.0% 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 VEA and IEMG?
The largest positions held by both funds are 005930, 000660, 005935, 005380 and 105560. Together the top 10 shared positions account for 55% of the total overlap.
What does VEA own that IEMG doesn't?
3552 positions (92.0% of VEA) are unique to VEA, led by ASML, NOVN and AZN. In the other direction, 2363 positions (76.2% of IEMG) are unique to IEMG.