VNQI vs EWH: Holdings Overlap
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
iShares · 28 holdings · $1.2B · as of 2026-05-31
Holdings snapshots are 31 days apart (VNQI: 2026-04-30, EWH: 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 EWH?
Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710 positions; iShares MSCI Hong Kong ETF (EWH, by iShares) holds 28. They have 8 holdings in common, and by portfolio weight the two funds are 7.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8VNQI holds 710 · EWH holds 28
- Weight in Shared Holdings
- VNQI 7%·EWH 18%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
702 of 710 positions (91.8% of the fund) are not held by EWH. Showing the top 30 by weight.
Sector Breakdown
| Sector | VNQI | EWH |
|---|---|---|
| Real Estate | 64.7% | 19.3% |
| Financials | 0.0% | 40.7% |
| Industrials | 0.0% | 14.4% |
| Utilities | 0.0% | 9.5% |
| Consumer Staples | 0.0% | 2.5% |
| Other Sectors | 0.0% | 2.2% |
| Unclassified | 34.3% | 9.7% |
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, 10% of EWH).
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% |
| EWH | +7.8% | +8.6% | +13.1% | +10.7% | +1.2% | +4.3% | 4.56% |
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 EWH →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by 16, 823 and 1113.
 16Sun Hung Kai Properties Ltd. | 2.44% | 4.47% | 2.44% |
|---|---|---|---|
 823Link REIT | 1.19% | 3.50% | 1.19% |
 1113CK Asset Holdings Ltd | 1.12% | 3.03% | 1.12% |
 HKLHongkong Land Holdings Ltd | 0.71% | 1.68% | 0.71% |
 83Sino Land Co Ltd | 0.55% | 1.58% | 0.55% |
 12Henderson Land Development Co Ltd | 0.49% | 1.63% | 0.49% |
 1997Wharf Real Estate Investment Co Ltd | 0.46% | 1.45% | 0.46% |
 4Wharf Holdings Ltd/The | 0.28% | 0.92% | 0.28% |
Frequently Asked Questions
How much do VNQI and EWH overlap?
VNQI and EWH overlap by 7.2% of portfolio weight. They share 8 holdings (VNQI holds 710 positions and EWH holds 28), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VNQI and EWH?
The two portfolios are 7.2% 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 EWH?
The largest positions held by both funds are 16, 823, 1113, HKL and 83. Together the top 8 shared positions account for 100% of the total overlap.
What does VNQI own that EWH doesn't?
702 positions (91.8% of VNQI) are unique to VNQI, led by GMG, 8802 and 8801. In the other direction, 20 positions (80.1% of EWH) are unique to EWH.