VNQI vs BBAX: Holdings Overlap
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
BBAXJPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF
JPMorgan · 96 holdings · $6.7B · as of 2026-04-30
How similar are VNQI and BBAX?
Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710 positions; JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX, by JPMorgan) holds 96. They have 18 holdings in common, and by portfolio weight the two funds are 8.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 18VNQI holds 710 · BBAX holds 96
- Weight in Shared Holdings
- VNQI 17%·BBAX 8%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 VNQI
692 of 710 positions (82.4% of the fund) are not held by BBAX. Showing the top 30 by weight.
Sector Breakdown
| Sector | VNQI | BBAX |
|---|---|---|
| Real Estate | 64.7% | 7.6% |
| Financials | 0.0% | 45.0% |
| Materials | 0.0% | 14.6% |
| Industrials | 0.0% | 7.0% |
| Consumer Discretionary | 0.0% | 4.1% |
| Other Sectors | 0.0% | 14.3% |
| Unclassified | 34.3% | 6.6% |
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 (35% of VNQI, 7% of BBAX).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VNQI | +1.6% | +0.8% | +3.4% | +8.5% | -0.7% | +2.2% | 4.66% |
| BBAX | +8.2% | +18.1% | +21.6% | +15.2% | +7.0% | — | 3.44% |
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 VNQI vs BBAX →
Shared Holdings(18)
The top 10 shared positions account for 84% of the overlap, led by GMG, 16 and SCG.
 GMGGoodman Group | 4.01% | 1.91% | 1.91% |
|---|---|---|---|
 16Sun Hung Kai Properties Ltd. | 2.44% | 1.35% | 1.35% |
 SCGScentre Group | 1.27% | 0.63% | 0.63% |
 823Link REIT | 1.19% | 0.58% | 0.58% |
 1113CK Asset Holdings Ltd. | 1.12% | 0.53% | 0.53% |
 CICTCapitaLand Integrated Commercial Trust | 0.98% | 0.50% | 0.50% |
 CLARCapitaLand Ascendas REIT | 0.75% | 0.33% | 0.33% |
 SGPStockland | 0.64% | 0.32% | 0.32% |
 GPTGPT Group (The) | 0.60% | 0.30% | 0.30% |
 VCXVicinity Ltd. | 0.64% | 0.30% | 0.30% |
 83Sino Land Co. Ltd. | 0.55% | 0.27% | 0.27% |
 12Henderson Land Development Co. Ltd. | 0.49% | 0.24% | 0.24% |
 MGRMirvac Group | 0.44% | 0.22% | 0.22% |
 1997Wharf Real Estate Investment Co. Ltd. | 0.46% | 0.20% | 0.20% |
 1972Swire Properties Ltd. | 0.28% | 0.15% | 0.15% |
 4Wharf Holdings Ltd. (The) | 0.28% | 0.14% | 0.14% |
 MPACTMapletree Pan Asia Commercial Trust | 0.21% | 0.10% | 0.10% |
 KREITKeppel REIT | 0.20% | 0.01% | 0.01% |
Frequently Asked Questions
How much do VNQI and BBAX overlap?
VNQI and BBAX overlap by 8.1% of portfolio weight. They share 18 holdings (VNQI holds 710 positions and BBAX holds 96), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VNQI and BBAX?
The two portfolios are 8.1% 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 VNQI and BBAX?
The largest positions held by both funds are GMG, 16, SCG, 823 and 1113. Together the top 10 shared positions account for 84% of the total overlap.
What does VNQI own that BBAX doesn't?
692 positions (82.4% of VNQI) are unique to VNQI, led by 8802, 8801 and 8830. In the other direction, 78 positions (91.1% of BBAX) are unique to BBAX.