VSS vs VWO: Holdings Overlap
VSSVanguard FTSE All-world Ex-us Small-cap Index Fund
Vanguard · 4810 holdings · $11.7B · as of 2026-04-30
VWOVanguard Emerging Markets Stock Index Fund
Vanguard · 5015 holdings · $124.9B · as of 2026-04-30
How similar are VSS and VWO?
Vanguard FTSE All-world Ex-us Small-cap Index Fund (VSS, by Vanguard) holds 4810 positions; Vanguard Emerging Markets Stock Index Fund (VWO, by Vanguard) holds 5015. They have 2453 holdings in common, and by portfolio weight the two funds are 8.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2453VSS holds 4810 · VWO holds 5015
- Weight in Shared Holdings
- VSS 28%·VWO 9%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 VSS
2357 of 4810 positions (70.9% of the fund) are not held by VWO. Showing the top 30 by weight.
Only in VWO
2562 of 5015 positions (90.1% of the fund) are not held by VSS. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VSS | +3.4% | +11.3% | +19.8% | +15.6% | +6.0% | +8.0% | 3.14% |
| VWO | +2.7% | +12.6% | +22.3% | +16.6% | +6.6% | +7.9% | 2.29% |
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 VSS vs VWO →
Shared Holdings(2453)
The top 10 shared positions account for 6% of the overlap, led by 2337, 6515 and 6274.
 2337Macronix International Co Ltd | 0.24% | 0.08% | 0.08% |
|---|---|---|---|
 6515WinWay Technology Co Ltd | 0.23% | 0.07% | 0.07% |
 6274Taiwan Union Technology Corp | 0.22% | 0.07% | 0.07% |
 2313Compeq Manufacturing Co Ltd | 0.21% | 0.07% | 0.07% |
 3081LAND MARK OPTO | 0.17% | 0.06% | 0.06% |
 3189Kinsus Interconnect Technology Corp | 0.15% | 0.05% | 0.05% |
 3260ADATA Technology Co Ltd | 0.11% | 0.04% | 0.04% |
 2228XTALPI HOLDINGS | 0.10% | 0.03% | 0.03% |
 6805Fositek Corp. TWD10 | 0.09% | 0.03% | 0.03% |
 6139L&K Engineering Co Ltd | 0.09% | 0.03% | 0.03% |
 6442EZCONN | 0.09% | 0.03% | 0.03% |
 5289Innodisk Corp | 0.09% | 0.03% | 0.03% |
 6147Chipbond Technology Corp | 0.08% | 0.03% | 0.03% |
 8996Kaori Heat Treatment Co Ltd | 0.08% | 0.03% | 0.03% |
 7750Syntec Technology Co Ltd | 0.08% | 0.03% | 0.03% |
 3491UNIV MICROWAVE | 0.08% | 0.03% | 0.03% |
 6187ALL RING TECH | 0.08% | 0.02% | 0.02% |
 DELHIVERDELHIVERY LTD | 0.08% | 0.02% | 0.02% |
 6531AP Memory Technology Corporation TWD5 | 0.07% | 0.02% | 0.02% |
 RDCKRadico Khaitan Ltd | 0.07% | 0.02% | 0.02% |
 8358Co-Tech Development Corp | 0.07% | 0.02% | 0.02% |
 5536Acter Group Corp Ltd | 0.07% | 0.02% | 0.02% |
 3264Ardentec Corp | 0.07% | 0.02% | 0.02% |
 ATATAtour Lifestyle Holdings Ltd | 0.07% | 0.02% | 0.02% |
 NFILNavin Fluorine International Ltd | 0.07% | 0.02% | 0.02% |
Showing the top 250 of 2453 shared holdings by overlap weight.
Frequently Asked Questions
How much do VSS and VWO overlap?
VSS and VWO overlap by 8.9% of portfolio weight. They share 2453 holdings (VSS holds 4810 positions and VWO holds 5015), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VSS and VWO?
The two portfolios are 8.9% 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 VSS and VWO?
The largest positions held by both funds are 2337, 6515, 6274, 2313 and 3081. Together the top 10 shared positions account for 6% of the total overlap.
What does VSS own that VWO doesn't?
2357 positions (70.9% of VSS) are unique to VSS, led by ATZ, ACLN and FTT. In the other direction, 2562 positions (90.1% of VWO) are unique to VWO.