VEU vs VGK: Holdings Overlap
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
VGKVanguard European Stock Index Fund
Vanguard · 1222 holdings · $30.9B · as of 2026-04-30
How similar are VEU and VGK?
Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855 positions; Vanguard European Stock Index Fund (VGK, by Vanguard) holds 1222. They have 511 holdings in common, and by portfolio weight the two funds are 36.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 36.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 511VEU holds 3855 · VGK holds 1222
- Weight in Shared Holdings
- VEU 36%·VGK 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 VEU
3344 of 3855 positions (62.6% of the fund) are not held by VGK. Showing the top 30 by weight.
Sector Breakdown
| Sector | VEU | VGK |
|---|---|---|
| Financials | 20.0% | 21.4% |
| Industrials | 11.7% | 16.6% |
| Information Technology | 16.2% | 7.4% |
| Health Care | 5.6% | 11.1% |
| Consumer Staples | 4.4% | 7.4% |
| Other Sectors | 23.6% | 21.9% |
| Unclassified | 17.4% | 13.7% |
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 (18% of VEU, 14% of VGK).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VEU | +2.8% | +16.6% | +28.4% | +19.2% | +9.6% | +9.9% | 2.48% |
| VGK | +4.0% | +12.8% | +23.3% | +17.9% | +9.6% | +10.3% | 2.77% |
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 VEU vs VGK →
Shared Holdings(511)
The top 10 shared positions account for 20% of the overlap, led by ASML, HSBA and ROP.
 ASMLASML Holding NV | 1.43% | 3.61% | 1.43% |
|---|---|---|---|
 HSBAHSBC Holdings PLC | 0.80% | 2.03% | 0.80% |
 ROPRoche Holding AG | 0.73% | 1.84% | 0.73% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.72% | 1.83% | 0.72% |
 NOVNNovartis AG (Registered) | 0.72% | 1.83% | 0.72% |
 NESNNestle SA (Registered) | 0.66% | 1.68% | 0.66% |
 SHELShell PLC | 0.66% | 1.66% | 0.66% |
 SIESiemens AG (Registered) | 0.56% | 1.40% | 0.56% |
 SANBanco Santander SA | 0.45% | 1.15% | 0.45% |
 ALVAllianz SE (Registered) | 0.44% | 1.12% | 0.44% |
 SAPSAP SE | 0.44% | 1.11% | 0.44% |
 SUSchneider Electric SE | 0.44% | 1.11% | 0.44% |
 TTETotalEnergies SE EUR2.5 | 0.43% | 1.09% | 0.43% |
 ENRSiemens Energy AG | 0.40% | 1.01% | 0.40% |
 ABBNABB Ltd. (Registered) | 0.40% | 1.01% | 0.40% |
 IBEIberdrola SA | 0.39% | 0.99% | 0.39% |
 UBSGUBS Group AG (Registered) | 0.35% | 0.89% | 0.35% |
 RR-Rolls-Royce Holdings PLC | 0.35% | 0.88% | 0.35% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 0.35% | 0.88% | 0.35% |
 NOVOBNovo Nordisk A/S, Class B | 0.35% | 0.87% | 0.35% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 0.32% | 0.81% | 0.32% |
 ULVRUnilever PLC | 0.32% | 0.81% | 0.32% |
 BP-BP plc | 0.32% | 0.80% | 0.32% |
 BATSBritish American Tobacco PLC | 0.32% | 0.80% | 0.32% |
 AIRAirbus SE | 0.31% | 0.78% | 0.31% |
Showing the top 250 of 511 shared holdings by overlap weight.
Frequently Asked Questions
How much do VEU and VGK overlap?
VEU and VGK overlap by 36.2% of portfolio weight. They share 511 holdings (VEU holds 3855 positions and VGK holds 1222), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VEU and VGK?
The two portfolios are 36.2% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of VEU and VGK?
The largest positions held by both funds are ASML, HSBA, ROP, AZN and NOVN. Together the top 10 shared positions account for 20% of the total overlap.
What does VEU own that VGK doesn't?
3344 positions (62.6% of VEU) are unique to VEU, led by TSMWF, 005930 and 000660. In the other direction, 711 positions (7.8% of VGK) are unique to VGK.