VGK vs VNQI: Holdings Overlap
VGKVanguard European Stock Index Fund
Vanguard · 1222 holdings · $30.9B · 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 VGK and VNQI?
Vanguard European Stock Index Fund (VGK, by Vanguard) holds 1222 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 79 holdings in common, and by portfolio weight the two funds are 1.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 79VGK holds 1222 · VNQI holds 710
- Weight in Shared Holdings
- VGK 1%·VNQI 22%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
1143 of 1222 positions (97.9% of the fund) are not held by VNQI. Showing the top 30 by weight.
Only in VNQI
631 of 710 positions (77.4% of the fund) are not held by VGK. Showing the top 30 by weight.
Sector Breakdown
| Sector | VGK | VNQI |
|---|---|---|
| Real Estate | 1.0% | 64.7% |
| Financials | 21.4% | 0.0% |
| Industrials | 16.6% | 0.0% |
| Health Care | 11.1% | 0.0% |
| Information Technology | 7.4% | 0.0% |
| Other Sectors | 28.2% | 0.0% |
| Unclassified | 13.7% | 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 (14% of VGK, 35% of VNQI).
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% |
| 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 VGK vs VNQI →
Shared Holdings(79)
The top 10 shared positions account for 45% of the overlap, led by VNA, URW and SPSN.
 VNAVonovia SE | 0.12% | 2.05% | 0.12% |
|---|---|---|---|
 URWUnibail-Rodamco-Westfield | 0.10% | 1.34% | 0.10% |
 SPSNSwiss Prime Site AG | 0.09% | 1.26% | 0.09% |
 SGROSegro PLC | 0.08% | 1.16% | 0.08% |
 PSPNPSP Swiss Property AG | 0.06% | 0.83% | 0.06% |
 LIKlepierre SA | 0.05% | 0.81% | 0.05% |
 MRLMerlin Properties Socimi SA | 0.05% | 0.69% | 0.05% |
 AEDAedifica SA | 0.05% | 0.64% | 0.05% |
 LANDLand Securities Group PLC | 0.04% | 0.54% | 0.04% |
 LMPLondonMetric Property PLC | 0.04% | 0.55% | 0.04% |
 LEGLEG Immobilien SE | 0.03% | 0.48% | 0.03% |
 BLNDBritish Land Co PLC/The | 0.03% | 0.49% | 0.03% |
 BBOXTritax Big Box REIT PLC | 0.03% | 0.46% | 0.03% |
 WDPWarehouses De Pauw CVA | 0.03% | 0.45% | 0.03% |
 CASTCastellum AB | 0.03% | 0.43% | 0.03% |
 GFCGecina SA | 0.03% | 0.40% | 0.03% |
 SAGABSagax AB | 0.03% | 0.39% | 0.03% |
 BALDBFastighets AB Balder | 0.03% | 0.38% | 0.03% |
 ALLNAllreal Holding AG | 0.03% | 0.36% | 0.03% |
 COVCovivio SA/France | 0.02% | 0.33% | 0.02% |
 MOBNMobimo Holding AG | 0.02% | 0.32% | 0.02% |
 TEGTAG Immobilien AG | 0.02% | 0.30% | 0.02% |
 PHPPrimary Health Properties PLC | 0.02% | 0.30% | 0.02% |
 UTGUNITE Group PLC/The | 0.02% | 0.27% | 0.02% |
 SHCShaftesbury Capital PLC | 0.02% | 0.32% | 0.02% |
Frequently Asked Questions
How much do VGK and VNQI overlap?
VGK and VNQI overlap by 1.5% of portfolio weight. They share 79 holdings (VGK holds 1222 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VGK and VNQI?
The two portfolios are 1.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of VGK and VNQI?
The largest positions held by both funds are VNA, URW, SPSN, SGRO and PSPN. Together the top 10 shared positions account for 45% of the total overlap.
What does VGK own that VNQI doesn't?
1143 positions (97.9% of VGK) are unique to VGK, led by ASML, HSBA and ROP. In the other direction, 631 positions (77.4% of VNQI) are unique to VNQI.