VNQI vs IPAC: Holdings Overlap
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
IPACiShares Core MSCI Pacific ETF
iShares · 1375 holdings · $2.7B · as of 2026-04-30
How similar are VNQI and IPAC?
Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710 positions; iShares Core MSCI Pacific ETF (IPAC, by iShares) holds 1375. They have 138 holdings in common, and by portfolio weight the two funds are 5.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 138VNQI holds 710 · IPAC holds 1375
- Weight in Shared Holdings
- VNQI 47%·IPAC 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
572 of 710 positions (52.5% of the fund) are not held by IPAC. Showing the top 30 by weight.
Sector Breakdown
| Sector | VNQI | IPAC |
|---|---|---|
| Real Estate | 64.7% | 4.9% |
| Financials | 0.0% | 20.1% |
| Industrials | 0.0% | 15.3% |
| Information Technology | 0.0% | 9.0% |
| Consumer Discretionary | 0.0% | 7.5% |
| Other Sectors | 0.0% | 20.3% |
| Unclassified | 34.3% | 22.2% |
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, 22% of IPAC).
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% |
| IPAC | +4.8% | +18.9% | +27.2% | +18.2% | +9.0% | +9.1% | 3.71% |
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 IPAC →
Shared Holdings(138)
The top 10 shared positions account for 44% of the overlap, led by GMG, 8802 and 8801.
 GMGGoodman Group | 4.01% | 0.48% | 0.48% |
|---|---|---|---|
 8802Mitsubishi Estate Co Ltd | 3.14% | 0.33% | 0.33% |
 8801Mitsui Fudosan Co. Ltd. | 2.76% | 0.32% | 0.32% |
 16Sun Hung Kai Properties Ltd. | 2.44% | 0.28% | 0.28% |
 8830Sumitomo Realty & Development Co. Ltd. | 2.63% | 0.20% | 0.20% |
 1925Daiwa House Industry Co Ltd | 1.68% | 0.19% | 0.19% |
 SCGScentre Group | 1.27% | 0.15% | 0.15% |
 823Link REIT | 1.19% | 0.15% | 0.15% |
 1113CK Asset Holdings Ltd | 1.12% | 0.13% | 0.13% |
 CICTCapitaLand Integrated Commercial Trust | 0.98% | 0.12% | 0.12% |
 HKLHongkong Land Holdings Ltd | 0.71% | 0.09% | 0.09% |
 CLARCapitaLand Ascendas REIT | 0.75% | 0.09% | 0.09% |
 VCXVicinity Ltd | 0.64% | 0.08% | 0.08% |
 SGPStockland | 0.64% | 0.08% | 0.08% |
 CHCCharter Hall Group | 0.63% | 0.07% | 0.07% |
 1878Daito Trust Construction Co Ltd | 0.63% | 0.07% | 0.07% |
 GPTGPT Group/The | 0.60% | 0.07% | 0.07% |
 8951Nippon Building Fund Inc | 0.67% | 0.07% | 0.07% |
 83Sino Land Co Ltd | 0.55% | 0.07% | 0.07% |
 12Henderson Land Development Co Ltd | 0.49% | 0.06% | 0.06% |
 1997Wharf Real Estate Investment Co Ltd | 0.46% | 0.06% | 0.06% |
 8953Japan Metropolitan Fund Invest | 0.48% | 0.06% | 0.06% |
 3003Hulic Co Ltd | 0.69% | 0.06% | 0.06% |
 3289Tokyu Fudosan Holdings Corp | 0.46% | 0.06% | 0.06% |
 MGRMirvac Group | 0.44% | 0.05% | 0.05% |
Frequently Asked Questions
How much do VNQI and IPAC overlap?
VNQI and IPAC overlap by 5.3% of portfolio weight. They share 138 holdings (VNQI holds 710 positions and IPAC holds 1375), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VNQI and IPAC?
The two portfolios are 5.3% 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 IPAC?
The largest positions held by both funds are GMG, 8802, 8801, 16 and 8830. Together the top 10 shared positions account for 44% of the total overlap.
What does VNQI own that IPAC doesn't?
572 positions (52.5% of VNQI) are unique to VNQI, led by VNA, EMAARAED and URW. In the other direction, 1237 positions (94.0% of IPAC) are unique to IPAC.