SPDW vs VEU overlap - what they share and where they differ
SPDW and VEU share 70.3% of their weight across 1,122 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
70.3%
1,122 shared positions
SPDW
State Street(R) SPDR(R) Portfolio Developed World ex-US ETF
Reported positions cover 98% of the fund, 1,615 positions · Jun 30, 2026
Top 10: 14.5%·Holdings of SPDW
VEU
VANGUARD FTSE ALL-WORLD EX-US INDEX FUND
Reported positions cover 97% of the fund, 1,935 positions · Apr 30, 2026
Top 10: 13.5%·Holdings of VEU
Reported positions cover SPDW 98%, VEU 97% 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
1,615
stock positions reported to the SEC
7.0% of its weight is in 493 names VEU does not hold
VEUVANGUARD FTSE ALL-WORLD EX-US INDEX FUND
1,935
stock positions reported to the SEC
25.3% of its weight is in 813 names SPDW does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: VEU has 3.2 points more of it.
The figures side by side
| SPDW | VEU | |
|---|---|---|
| Filing date | Jun 30, 2026 | Apr 30, 2026 |
| Stock positions reported | 1,615 | 1,935 |
| Weight of the ten largest | 14.5% | 13.5% |
| Largest position | SAMSUNG ELECTRONICS CO LTD 3.1% | TSM 4.3% |
| Held alone | 493 positions, 7.0% | 813 positions, 25.3% |
| Covered by stock positions | 98% | 97% |
Holdings they share
| Stock | In SPDW | In VEU | Counted |
|---|---|---|---|
| SAMSUNG ELECTRONICS CO LTD | 3.13% | 1.81% | 1.81% |
| ASMLASML Holding NV | 2.28% | 1.43% | 1.43% |
| SKHYSK hynix Inc | 2.79% | 1.23% | 1.23% |
| HSBCHSBC Holdings PLC | 0.97% | 0.80% | 0.80% |
| MUFGMitsubishi Corp | 1.04% | 0.77% | 0.77% |
| ROCHE HOLDING AG | 0.89% | 0.76% | 0.76% |
| AZNAstraZeneca PLC | 0.87% | 0.72% | 0.72% |
| NVSNovartis AG | 0.86% | 0.72% | 0.72% |
| NESTLE SA | 0.80% | 0.66% | 0.66% |
| SHELShell PLC | 0.68% | 0.66% | 0.66% |
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?
70.3% of their weight sits in the same 1,122 holdings. SPDW also reports SPOT, ARM HOLDINGS PLC, SEA LTD, which the other does not. VEU also reports TSM, TENCENT HOLDINGS LTD, 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 98% of SPDW and 97% of VEU, so the number cannot exceed the smaller coverage.
Which holds more, VEU or SPDW?
SPDW reports 1,615 stock positions and VEU reports 1,935. 7.0% of SPDW's weight sits in names VEU does not hold, and 25.3% of VEU's weight in names SPDW does not hold. The ten largest positions are 14.5% of SPDW and 13.5% of VEU.
How do SPDW and VEU differ by sector?
The widest gap is Technology: VEU has 3.2 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.