VNQI vs EWA: Holdings Overlap
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
iShares · 48 holdings · $1.4B · as of 2026-05-31
Holdings snapshots are 31 days apart (VNQI: 2026-04-30, EWA: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are VNQI and EWA?
Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710 positions; iShares MSCI Australia ETF (EWA, by iShares) holds 48. They have 4 holdings in common, and by portfolio weight the two funds are 5.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4VNQI holds 710 · EWA holds 48
- Weight in Shared Holdings
- VNQI 7%·EWA 5%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
706 of 710 positions (92.4% of the fund) are not held by EWA. Showing the top 30 by weight.
Sector Breakdown
| Sector | VNQI | EWA |
|---|---|---|
| Real Estate | 64.7% | 5.3% |
| Financials | 0.0% | 40.6% |
| Materials | 0.0% | 25.5% |
| Consumer Discretionary | 0.0% | 5.9% |
| Industrials | 0.0% | 4.7% |
| Other Sectors | 0.0% | 16.5% |
| Unclassified | 34.3% | 1.0% |
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, 1% of EWA).
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% |
| EWA | +8.1% | +17.8% | +17.9% | +14.3% | +7.2% | +8.2% | 2.79% |
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 EWA →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by GMG, SCG and VCX.
Frequently Asked Questions
How much do VNQI and EWA overlap?
VNQI and EWA overlap by 5.2% of portfolio weight. They share 4 holdings (VNQI holds 710 positions and EWA holds 48), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VNQI and EWA?
The two portfolios are 5.2% 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 EWA?
The largest positions held by both funds are GMG, SCG, VCX and SGP. Together the top 4 shared positions account for 100% of the total overlap.
What does VNQI own that EWA doesn't?
706 positions (92.4% of VNQI) are unique to VNQI, led by 8802, 8801 and 8830. In the other direction, 44 positions (94.3% of EWA) are unique to EWA.