VEA vs SPDW: Holdings Overlap
VEAVanguard Developed Markets Index Fund
Vanguard · 3886 holdings · $235.0B · as of 2026-03-31
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
Holdings snapshots are 126 days apart (VEA: 2026-03-31, SPDW: 2026-08-04). 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 SPDW?
Vanguard Developed Markets Index Fund (VEA, by Vanguard) holds 3886 positions; State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342. They have 1883 holdings in common, and by portfolio weight the two funds are 80.8% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 80.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1883VEA holds 3886 · SPDW holds 2342
- Weight in Shared Holdings
- VEA 89%·SPDW 92%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
2003 of 3886 positions (9.7% of the fund) are not held by SPDW. Showing the top 30 by weight.
Only in SPDW
459 of 2342 positions (6.1% of the fund) are not held by VEA. Showing the top 30 by weight.
Sector Breakdown
| Sector | VEA | SPDW |
|---|---|---|
| Financials | 20.4% | 21.9% |
| Industrials | 13.9% | 13.2% |
| Information Technology | 9.9% | 12.6% |
| Health Care | 7.3% | 6.3% |
| Materials | 6.2% | 5.9% |
| Other Sectors | 22.9% | 21.5% |
| Unclassified | 18.5% | 17.3% |
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, 18% of SPDW).
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% |
| SPDW | +3.1% | +17.9% | +30.1% | +19.9% | +10.1% | +10.3% | 2.94% |
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 SPDW →
Shared Holdings(1883)
The top 10 shared positions account for 11% of the overlap, led by ASML, 000660 and HSBA.
 ASMLASML Holding NV | 1.77% | 1.96% | 1.77% |
|---|---|---|---|
 000660SK hynix Inc | 1.05% | 1.68% | 1.05% |
 HSBAHSBC Holdings PLC | 0.97% | 1.03% | 0.97% |
 ROPRoche Holding AG | 0.96% | 0.93% | 0.93% |
 NOVNNovartis AG (Registered) | 1.01% | 0.83% | 0.83% |
 RYGovernment Long Bond 1.2x Strategy Fund | 0.78% | 0.87% | 0.78% |
 NESNNestle SA (Registered) | 0.87% | 0.76% | 0.76% |
 SHELShell PLC | 0.90% | 0.76% | 0.76% |
 AZNAstraZeneca PLC ORD USD0.25 | 1.01% | 0.73% | 0.73% |
 7203Toyota Motor Corp. NPV | 0.76% | 0.67% | 0.67% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.64% | 0.81% | 0.64% |
 CBACommonwealth Bank of Australia | 0.67% | 0.62% | 0.62% |
 SIESiemens AG (Registered) | 0.61% | 0.68% | 0.61% |
 BHPBHP Group Ltd. | 0.61% | 0.66% | 0.61% |
 SAPSAP SE | 0.60% | 0.59% | 0.59% |
 SANBanco Santander SA | 0.56% | 0.64% | 0.56% |
 ALVAllianz SE (Registered) | 0.55% | 0.56% | 0.55% |
 TDThe Toronto-Dominion Bank COM NEW | 0.54% | 0.59% | 0.54% |
 SUSchneider Electric SE | 0.51% | 0.57% | 0.51% |
 TTETotalEnergies SE EUR2.5 | 0.57% | 0.51% | 0.51% |
 SHOPShopify, Inc., Class A | 0.50% | 0.53% | 0.50% |
 RR-Rolls-Royce Holdings PLC | 0.44% | 0.54% | 0.44% |
 IBEIberdrola SA | 0.52% | 0.44% | 0.44% |
 6501Hitachi Ltd. NPV | 0.44% | 0.47% | 0.44% |
 ABBNABB Ltd. (Registered) | 0.43% | 0.48% | 0.43% |
Showing the top 250 of 1883 shared holdings by overlap weight.
Frequently Asked Questions
How much do VEA and SPDW overlap?
VEA and SPDW overlap by 80.8% of portfolio weight. They share 1883 holdings (VEA holds 3886 positions and SPDW holds 2342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VEA and SPDW?
The two portfolios are 80.8% 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 SPDW?
The largest positions held by both funds are ASML, 000660, HSBA, ROP and NOVN. Together the top 10 shared positions account for 11% of the total overlap.
What does VEA own that SPDW doesn't?
2003 positions (9.7% of VEA) are unique to VEA, led by SAN, 8031 and WBC. In the other direction, 459 positions (6.1% of SPDW) are unique to SPDW.