VEU vs VNQI: Holdings Overlap
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
How similar are VEU and VNQI?
Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 192 holdings in common, and by portfolio weight the two funds are 1.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 192VEU holds 3855 · VNQI holds 710
- Weight in Shared Holdings
- VEU 2%·VNQI 70%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
3663 of 3855 positions (97.0% of the fund) are not held by VNQI. Showing the top 30 by weight.
Sector Breakdown
| Sector | VEU | VNQI |
|---|---|---|
| Real Estate | 1.4% | 64.7% |
| Financials | 20.0% | 0.0% |
| Information Technology | 16.2% | 0.0% |
| Industrials | 11.7% | 0.0% |
| Consumer Discretionary | 6.1% | 0.0% |
| Other Sectors | 26.1% | 0.0% |
| Unclassified | 17.4% | 34.3% |
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 (18% of VEU, 35% of VNQI).
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% |
| VNQI | +1.6% | +0.8% | +3.4% | +8.5% | -0.7% | +2.2% | 4.66% |
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 VNQI →
Shared Holdings(192)
The top 10 shared positions account for 31% of the overlap, led by GMG, 8802 and 8801.
 GMGGoodman Group | 0.11% | 4.01% | 0.11% |
|---|---|---|---|
 8802Mitsubishi Estate Co Ltd | 0.08% | 3.14% | 0.08% |
 8801Mitsui Fudosan Co. Ltd. | 0.07% | 2.76% | 0.07% |
 16Sun Hung Kai Properties Ltd. | 0.06% | 2.44% | 0.06% |
 8830Sumitomo Realty & Development Co. Ltd. | 0.05% | 2.63% | 0.05% |
 EMAARAEDEmaar Properties PJSC | 0.05% | 1.81% | 0.05% |
 VNAVonovia SE | 0.05% | 2.05% | 0.05% |
 1925Daiwa House Industry Co Ltd | 0.04% | 1.68% | 0.04% |
 URWUnibail-Rodamco-Westfield | 0.04% | 1.34% | 0.04% |
 SCGScentre Group | 0.04% | 1.27% | 0.04% |
 SPSNSwiss Prime Site AG | 0.04% | 1.26% | 0.04% |
 823Link REIT | 0.03% | 1.19% | 0.03% |
 SGROSegro PLC | 0.03% | 1.16% | 0.03% |
 1109China Resources Land Ltd | 0.03% | 1.09% | 0.03% |
 1113CK Asset Holdings Ltd | 0.03% | 1.12% | 0.03% |
 CICTCapitaLand Integrated Commercial Trust | 0.03% | 0.98% | 0.03% |
 PSPNPSP Swiss Property AG | 0.02% | 0.83% | 0.02% |
 LIKlepierre SA | 0.02% | 0.81% | 0.02% |
 CLARCapitaLand Ascendas REIT | 0.02% | 0.75% | 0.02% |
 HKLHongkong Land Holdings Ltd | 0.02% | 0.71% | 0.02% |
 ALDARAEDAldar Properties PJSC | 0.02% | 0.72% | 0.02% |
 MRLMerlin Properties Socimi SA | 0.02% | 0.69% | 0.02% |
 SGPStockland | 0.02% | 0.64% | 0.02% |
 VCXVicinity Ltd | 0.02% | 0.64% | 0.02% |
 CHCCharter Hall Group | 0.02% | 0.63% | 0.02% |
Frequently Asked Questions
How much do VEU and VNQI overlap?
VEU and VNQI overlap by 1.9% of portfolio weight. They share 192 holdings (VEU holds 3855 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VEU and VNQI?
The two portfolios are 1.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of VEU and VNQI?
The largest positions held by both funds are GMG, 8802, 8801, 16 and 8830. Together the top 10 shared positions account for 31% of the total overlap.
What does VEU own that VNQI doesn't?
3663 positions (97.0% of VEU) are unique to VEU, led by TSMWF, 005930 and ASML. In the other direction, 518 positions (28.8% of VNQI) are unique to VNQI.