SPDW vs VEU overlap - what they share and where they differ
SPDW and VEU share 71.7% of their weight across 1,291 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
SPDW and VEU
71.7%
1,291 shared positions
SPDW
State Street(R) SPDR(R) Portfolio Developed World ex-US ETF
Reported positions cover 99% of the fund, 2,285 positions · Jun 30, 2026
Top 10: 14.5%·Holdings of SPDW
VEU
VANGUARD FTSE ALL-WORLD EX-US INDEX FUND
Reported positions cover 98% of the fund, 3,463 positions · Jul 31, 2026
Top 10: 14.5%·Holdings of VEU
Reported positions cover SPDW 99%, VEU 98% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
VEU vs SPDW side by side
SPDWState Street(R) SPDR(R) Portfolio Developed World ex-US ETF
2,285
stock positions reported to the SEC
7.0% of its weight is in 994 names VEU does not hold
VEUVANGUARD FTSE ALL-WORLD EX-US INDEX FUND
3,463
stock positions reported to the SEC
26.0% of its weight is in 2,172 names SPDW does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: VEU has 3.5 points more of it.
The figures side by side
| SPDW | VEU | |
|---|---|---|
| Filing date | Jun 30, 2026 | Jul 31, 2026 |
| Stock positions reported | 2,285 | 3,463 |
| Weight of the ten largest | 14.5% | 14.5% |
| Largest position | SAMSUNG ELECTRONICS CO., LTD. 3.1% | TSM 4.4% |
| Held alone | 994 positions, 7.0% | 2,172 positions, 26.0% |
| Covered by stock positions | 99% | 98% |
Holdings they share
| Stock | In SPDW | In VEU | Counted |
|---|---|---|---|
| SAMSUNG ELECTRONICS CO., LTD.Samsung Electronics Co Ltd | 3.13% | 1.99% | 1.99% |
| ASMLASML Holding NV | 2.28% | 1.58% | 1.58% |
| SKHYSK hynix Inc | 2.79% | 1.56% | 1.56% |
| HSBCHSBC Holdings PLC | 0.97% | 0.91% | 0.91% |
| MUFGMitsubishi Corp | 1.04% | 0.84% | 0.84% |
| ROCHE HOLDING AG | 0.90% | 0.80% | 0.80% |
| RYRoyal Bank of Canada | 0.86% | 0.73% | 0.73% |
| NVSNovartis AG | 0.86% | 0.72% | 0.72% |
| NESTLE S.A.Nestle SA | 0.80% | 0.64% | 0.64% |
| SHELShell PLC | 0.68% | 0.64% | 0.64% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in SPDW
Only in VEU
Questions people ask
Is SPDW the same as VEU?
71.7% of their weight sits in the same 1,291 holdings. SPDW also reports SPOT, ARM HOLDINGS PLC, SEA LTD, which the other does not. VEU also reports TSM, TENCENT HOLDINGS LIMITED, BABA, which the other does not.
How is the overlap between SPDW and VEU measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 99% of SPDW and 98% of VEU, so the number cannot exceed the smaller coverage.
Which holds more, VEU or SPDW?
SPDW reports 2,285 stock positions and VEU reports 3,463. 7.0% of SPDW's weight sits in names VEU does not hold, and 26.0% of VEU's weight in names SPDW does not hold. The ten largest positions are 14.5% of SPDW and 14.5% of VEU.
How do SPDW and VEU differ by sector?
The widest gap is Technology: VEU has 3.5 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
Other pairs with these funds
SPDW against other funds in the table
VEU against other funds in the table
Add a third fund in the tool·All fund pairs
Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.