VGK vs DBEF: Holdings Overlap
VGKVanguard European Stock Index Fund
Vanguard · 1222 holdings · $30.9B · as of 2026-04-30
DBEFXtrackers MSCI EAFE Hedged Equity ETF
Xtrackers (DWS) · 676 holdings · $9.3B · as of 2026-05-29
How similar are VGK and DBEF?
Vanguard European Stock Index Fund (VGK, by Vanguard) holds 1222 positions; Xtrackers MSCI EAFE Hedged Equity ETF (DBEF, by Xtrackers (DWS)) holds 676. They have 388 holdings in common, and by portfolio weight the two funds are 61.1% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 61.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 388VGK holds 1222 · DBEF holds 676
- Weight in Shared Holdings
- VGK 87%·DBEF 62%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 VGK
834 of 1222 positions (12.7% of the fund) are not held by DBEF. Showing the top 30 by weight.
Only in DBEF
288 of 676 positions (35.2% of the fund) are not held by VGK. Showing the top 30 by weight.
Sector Breakdown
| Sector | VGK | DBEF |
|---|---|---|
| Financials | 21.4% | 23.0% |
| Industrials | 16.6% | 17.6% |
| Health Care | 11.1% | 9.3% |
| Information Technology | 7.4% | 10.2% |
| Consumer Staples | 7.4% | 6.5% |
| Other Sectors | 21.9% | 24.9% |
| Unclassified | 13.7% | 5.6% |
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 (14% of VGK, 6% of DBEF).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VGK | +4.0% | +12.8% | +23.3% | +17.9% | +9.6% | +10.3% | 2.77% |
| DBEF | +2.8% | +16.9% | +29.3% | +19.7% | +14.0% | +12.5% | 2.22% |
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 VGK vs DBEF →
Shared Holdings(388)
The top 10 shared positions account for 21% of the overlap, led by ASML, HSBA and ROP.
 ASMLASML Holding NV | 3.61% | 2.82% | 2.82% |
|---|---|---|---|
 HSBAHSBC Holdings PLC | 2.03% | 1.45% | 1.45% |
 ROPRoche Holding AG | 1.84% | 1.33% | 1.33% |
 AZNAstraZeneca PLC ORD USD0.25 | 1.83% | 1.26% | 1.26% |
 NOVNNovartis AG (Registered) | 1.83% | 1.24% | 1.24% |
 NESNNestle SA (Registered) | 1.68% | 1.18% | 1.18% |
 SHELShell PLC | 1.66% | 1.06% | 1.06% |
 SIESiemens AG (Registered) | 1.40% | 1.05% | 1.05% |
 SAPSAP SE ORD NPV | 1.11% | 0.85% | 0.85% |
 SANBanco Santander SA | 1.15% | 0.81% | 0.81% |
 SUSchneider Electric SE EUR4.00 | 1.11% | 0.78% | 0.78% |
 TTETotalEnergies SE EUR2.5 | 1.09% | 0.78% | 0.78% |
 ALVAllianz SE (Registered) | 1.12% | 0.76% | 0.76% |
 ABBNABB Ltd. CHF0.12 (REGD) | 1.01% | 0.76% | 0.76% |
 RR-Rolls-Royce Holdings PLC | 0.88% | 0.68% | 0.68% |
 UBSGUBS Group AG (Registered) | 0.89% | 0.68% | 0.68% |
 ENRSiemens Energy AG | 1.01% | 0.66% | 0.66% |
 NOVOBNovo Nordisk A/S, Class B | 0.87% | 0.66% | 0.66% |
 IBEIberdrola, S.A. EUR0.75 | 0.99% | 0.62% | 0.62% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 0.88% | 0.62% | 0.62% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 0.81% | 0.59% | 0.59% |
 AIRAirbus SE | 0.78% | 0.56% | 0.56% |
 BATSBritish American Tobacco PLC | 0.80% | 0.56% | 0.56% |
 ULVRUnilever PLC | 0.81% | 0.56% | 0.56% |
 IFXInfineon Technologies AG ORD NPV (REGD) | 0.56% | 0.56% | 0.56% |
Showing the top 250 of 388 shared holdings by overlap weight.
Frequently Asked Questions
How much do VGK and DBEF overlap?
VGK and DBEF overlap by 61.1% of portfolio weight. They share 388 holdings (VGK holds 1222 positions and DBEF holds 676), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VGK and DBEF?
The two portfolios are 61.1% 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 VGK and DBEF?
The largest positions held by both funds are ASML, HSBA, ROP, AZN and NOVN. Together the top 10 shared positions account for 21% of the total overlap.
What does VGK own that DBEF doesn't?
834 positions (12.7% of VGK) are unique to VGK, led by AIR LIQUIDE-PRIM, L'OREAL SA and ENGIE SA. In the other direction, 288 positions (35.2% of DBEF) are unique to DBEF.