VEU vs VWO: Holdings Overlap
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
VWOVanguard Emerging Markets Stock Index Fund
Vanguard · 5015 holdings · $124.9B · as of 2026-04-30
How similar are VEU and VWO?
Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855 positions; Vanguard Emerging Markets Stock Index Fund (VWO, by Vanguard) holds 5015. They have 2339 holdings in common, and by portfolio weight the two funds are 26.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 26.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2339VEU holds 3855 · VWO holds 5015
- Weight in Shared Holdings
- VEU 26%·VWO 90%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
1516 of 3855 positions (72.4% of the fund) are not held by VWO. Showing the top 30 by weight.
Only in VWO
2676 of 5015 positions (9.2% of the fund) are not held by VEU. Showing the top 30 by weight.
Sector Breakdown
| Sector | VEU | VWO |
|---|---|---|
| Information Technology | 16.2% | 23.7% |
| Financials | 20.0% | 12.6% |
| Industrials | 11.7% | 1.9% |
| Consumer Discretionary | 6.1% | 7.0% |
| Communication Services | 3.7% | 5.7% |
| Other Sectors | 23.8% | 11.0% |
| Unclassified | 17.4% | 37.4% |
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, 38% of VWO).
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% |
| VWO | +2.7% | +12.6% | +22.3% | +16.6% | +6.6% | +7.9% | 2.29% |
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 VWO →
Shared Holdings(2339)
The top 10 shared positions account for 30% of the overlap, led by TSMWF, 700 and 9988.
 TSMWFTaiwan Semiconductor Manufacturing Co Ltd | 4.28% | 14.61% | 4.28% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 0.96% | 3.26% | 0.96% |
 9988Alibaba Group Holding Ltd | 0.75% | 2.55% | 0.75% |
 2308Delta Electronics Inc | 0.34% | 1.17% | 0.34% |
 2454MediaTek Inc | 0.31% | 1.06% | 0.31% |
 RELIANCEReliance Industries Ltd | 0.26% | 0.90% | 0.26% |
 C6TChina Construction Bank Corp | 0.25% | 0.85% | 0.25% |
 HDFCBHDFC Bank Ltd | 0.24% | 0.80% | 0.24% |
 HNHAFHon Hai Precision Industry Co Ltd | 0.22% | 0.74% | 0.22% |
 PDDPDD Holdings Inc. SPONSORED ADS | 0.19% | 0.66% | 0.19% |
 ICKIndustrial & Commercial Bank of China Ltd | 0.18% | 0.62% | 0.18% |
 ICICIBCICICI Bank Ltd | 0.18% | 0.61% | 0.18% |
 1810Xiaomi Corp | 0.16% | 0.56% | 0.16% |
 BHARTIBharti Airtel Ltd | 0.15% | 0.51% | 0.15% |
 VALE3Vale SA | 0.15% | 0.51% | 0.15% |
 3690Meituan, B Shares | 0.15% | 0.50% | 0.15% |
 RJHISARAl Rajhi Bank | 0.14% | 0.47% | 0.14% |
 2318RUBPing An Insurance Group Co of China Ltd | 0.13% | 0.46% | 0.13% |
 3711ASE Technology Holding Co Ltd | 0.13% | 0.44% | 0.13% |
 1211RUBBYD Co Ltd | 0.12% | 0.42% | 0.12% |
 AUAnglogold Ashanti PLC COM SHS | 0.12% | 0.40% | 0.12% |
 W8VBank of China Ltd | 0.11% | 0.38% | 0.11% |
 ARAMCSARSaudi Arabian Oil Co | 0.11% | 0.38% | 0.11% |
 9999NetEase Inc | 0.11% | 0.37% | 0.11% |
 2383Elite Material Co Ltd | 0.11% | 0.37% | 0.11% |
Showing the top 250 of 2339 shared holdings by overlap weight.
Frequently Asked Questions
How much do VEU and VWO overlap?
VEU and VWO overlap by 26.4% of portfolio weight. They share 2339 holdings (VEU holds 3855 positions and VWO holds 5015), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VEU and VWO?
The two portfolios are 26.4% 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 VEU and VWO?
The largest positions held by both funds are TSMWF, 700, 9988, 2308 and 2454. Together the top 10 shared positions account for 30% of the total overlap.
What does VEU own that VWO doesn't?
1516 positions (72.4% of VEU) are unique to VEU, led by 005930, ASML and 000660. In the other direction, 2676 positions (9.2% of VWO) are unique to VWO.