VNQI vs VSGX: Holdings Overlap
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
VSGXVanguard Esg International Stock ETF
Vanguard · 6576 holdings · $6.5B · as of 2026-05-31
Holdings snapshots are 31 days apart (VNQI: 2026-04-30, VSGX: 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 VSGX?
Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710 positions; Vanguard Esg International Stock ETF (VSGX, by Vanguard) holds 6576. They have 405 holdings in common, and by portfolio weight the two funds are 2.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 405VNQI holds 710 · VSGX holds 6576
- Weight in Shared Holdings
- VNQI 85%·VSGX 3%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
305 of 710 positions (13.8% of the fund) are not held by VSGX. Showing the top 30 by weight.
Sector Breakdown
| Sector | VNQI | VSGX |
|---|---|---|
| Real Estate | 64.7% | 1.8% |
| Information Technology | 0.0% | 23.0% |
| Financials | 0.0% | 21.8% |
| Health Care | 0.0% | 6.7% |
| Consumer Discretionary | 0.0% | 6.3% |
| Other Sectors | 0.0% | 16.0% |
| Unclassified | 34.3% | 23.5% |
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, 24% of VSGX).
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% |
| VSGX | +2.2% | +17.2% | +28.7% | +19.1% | +8.5% | — | 2.90% |
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 VSGX →
Shared Holdings(405)
The top 10 shared positions account for 24% of the overlap, led by GMG, 8802 and 8801.
 GMGGoodman Group | 4.01% | 0.14% | 0.14% |
|---|---|---|---|
 8802Mitsubishi Estate Co Ltd | 3.14% | 0.08% | 0.08% |
 8801Mitsui Fudosan Co. Ltd. | 2.76% | 0.07% | 0.07% |
 16Sun Hung Kai Properties Ltd. | 2.44% | 0.07% | 0.07% |
 EMAARAEDEmaar Properties PJSC | 1.81% | 0.06% | 0.06% |
 VNAVonovia SE | 2.05% | 0.05% | 0.05% |
 1925Daiwa House Industry Co Ltd | 1.68% | 0.05% | 0.05% |
 8830Sumitomo Realty & Development Co. Ltd. | 2.63% | 0.05% | 0.05% |
 SCGScentre Group | 1.27% | 0.04% | 0.04% |
 URWUnibail-Rodamco-Westfield | 1.34% | 0.04% | 0.04% |
 823Link REIT | 1.19% | 0.04% | 0.04% |
 SGROSegro PLC | 1.16% | 0.04% | 0.04% |
 SPSNSwiss Prime Site AG | 1.26% | 0.04% | 0.04% |
 1109China Resources Land Ltd | 1.09% | 0.04% | 0.04% |
 CICTCapitaLand Integrated Commercial Trust | 0.98% | 0.03% | 0.03% |
 LIKlepierre SA | 0.81% | 0.03% | 0.03% |
 PSPNPSP Swiss Property AG | 0.83% | 0.03% | 0.03% |
 ALDARAEDAldar Properties PJSC | 0.72% | 0.02% | 0.02% |
 HKLHongkong Land Holdings Ltd | 0.71% | 0.02% | 0.02% |
 688China Overseas Land & Investment Ltd | 0.58% | 0.02% | 0.02% |
 MRLMerlin Properties Socimi SA | 0.69% | 0.02% | 0.02% |
 VCXVicinity Ltd | 0.64% | 0.02% | 0.02% |
 GPTGPT Group/The | 0.60% | 0.02% | 0.02% |
 SGPStockland | 0.64% | 0.02% | 0.02% |
 AEDAedifica SA | 0.64% | 0.02% | 0.02% |
Showing the top 250 of 405 shared holdings by overlap weight.
Frequently Asked Questions
How much do VNQI and VSGX overlap?
VNQI and VSGX overlap by 2.7% of portfolio weight. They share 405 holdings (VNQI holds 710 positions and VSGX holds 6576), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VNQI and VSGX?
The two portfolios are 2.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of VNQI and VSGX?
The largest positions held by both funds are GMG, 8802, 8801, 16 and EMAARAED. Together the top 10 shared positions account for 24% of the total overlap.
What does VNQI own that VSGX doesn't?
305 positions (13.8% of VNQI) are unique to VNQI, led by 1113, CLAR and BBOX. In the other direction, 6171 positions (96.4% of VSGX) are unique to VSGX.