VNQI vs SCZ: Holdings Overlap
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
SCZiShares MSCI EAFE Small-Cap ETF
iShares · 2044 holdings · $13.5B · as of 2026-04-30
How similar are VNQI and SCZ?
Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710 positions; iShares MSCI EAFE Small-Cap ETF (SCZ, by iShares) holds 2044. They have 206 holdings in common, and by portfolio weight the two funds are 10.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 206VNQI holds 710 · SCZ holds 2044
- Weight in Shared Holdings
- VNQI 34%·SCZ 10%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
504 of 710 positions (65.1% of the fund) are not held by SCZ. Showing the top 30 by weight.
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% |
| SCZ | +4.1% | +13.5% | +20.2% | +16.6% | +5.9% | +8.6% | 3.07% |
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 SCZ →
Shared Holdings(206)
The top 10 shared positions account for 17% of the overlap, led by PSPN, AED and MRL.
 PSPNPSP Swiss Property AG | 0.83% | 0.25% | 0.25% |
|---|---|---|---|
 AEDAedifica SA | 0.64% | 0.19% | 0.19% |
 MRLMerlin Properties Socimi SA | 0.69% | 0.19% | 0.19% |
 CHCCharter Hall Group | 0.63% | 0.18% | 0.18% |
 GPTGPT Group/The | 0.60% | 0.18% | 0.18% |
 LMPLondonMetric Property PLC | 0.55% | 0.16% | 0.16% |
 BLNDBritish Land Co PLC/The | 0.49% | 0.15% | 0.15% |
 8953Japan Metropolitan Fund Invest | 0.48% | 0.15% | 0.15% |
 WDPWarehouses De Pauw CVA | 0.45% | 0.14% | 0.14% |
 3289Tokyu Fudosan Holdings Corp | 0.46% | 0.13% | 0.13% |
 8952Japan Real Estate Investment Corp | 0.49% | 0.13% | 0.13% |
 MGORMega Or Holdings Ltd | 0.42% | 0.13% | 0.13% |
 MGRMirvac Group | 0.44% | 0.13% | 0.13% |
 DXSDexus | 0.44% | 0.13% | 0.13% |
 CASTCastellum AB | 0.43% | 0.13% | 0.13% |
 BBOXTritax Big Box REIT PLC | 0.46% | 0.13% | 0.13% |
 8804Tokyo Tatemono Co Ltd | 0.43% | 0.12% | 0.12% |
 8972KDX Realty Investment Corp | 0.38% | 0.12% | 0.12% |
 BIGIL-SBig Shopping Centers Ltd | 0.39% | 0.12% | 0.12% |
 ALLNAllreal Holding AG | 0.36% | 0.11% | 0.11% |
 3462Nomura Real Estate Master Fund Inc | 0.40% | 0.11% | 0.11% |
 UOLUOL Group Ltd | 0.35% | 0.11% | 0.11% |
 3281GLP J-Reit | 0.38% | 0.11% | 0.11% |
 KDCREITKeppel DC REIT | 0.34% | 0.11% | 0.11% |
 3283Nippon Prologis REIT Inc | 0.37% | 0.10% | 0.10% |
Frequently Asked Questions
How much do VNQI and SCZ overlap?
VNQI and SCZ overlap by 10.0% of portfolio weight. They share 206 holdings (VNQI holds 710 positions and SCZ holds 2044), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VNQI and SCZ?
The two portfolios are 10.0% 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 SCZ?
The largest positions held by both funds are PSPN, AED, MRL, CHC and GPT. Together the top 10 shared positions account for 17% of the total overlap.
What does VNQI own that SCZ doesn't?
504 positions (65.1% of VNQI) are unique to VNQI, led by GMG, 8802 and 8801. In the other direction, 1838 positions (89.3% of SCZ) are unique to SCZ.