VEU vs VWO overlap - what they share and where they differ
VEU and VWO share 25.3% of their weight across 757 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.
VEU and VWO
25.3%
757 shared positions
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
VWO
VANGUARD EMERGING MARKETS STOCK INDEX FUND
Reported positions cover 93% of the fund, 1,791 positions · Apr 30, 2026
Top 10: 26.6%·Holdings of VWO
Reported positions cover VEU 97%, VWO 93% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
VWO vs VEU side by side
VEUVANGUARD FTSE ALL-WORLD EX-US INDEX FUND
1,935
stock positions reported to the SEC
70.2% of its weight is in 1,178 names VWO does not hold
VWOVANGUARD EMERGING MARKETS STOCK INDEX FUND
1,791
stock positions reported to the SEC
12.1% of its weight is in 1,034 names VEU does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: VWO has 9.9 points more of it.
The figures side by side
| VEU | VWO | |
|---|---|---|
| Filing date | Apr 30, 2026 | Apr 30, 2026 |
| Stock positions reported | 1,935 | 1,791 |
| Weight of the ten largest | 13.5% | 26.6% |
| Largest position | TSM 4.3% | TSM 14.6% |
| Held alone | 1,178 positions, 70.2% | 1,034 positions, 12.1% |
| Covered by stock positions | 97% | 93% |
Holdings they share
| Stock | In VEU | In VWO | Counted |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Co Ltd | 4.29% | 14.61% | 4.29% |
| TENCENT HOLDINGS LTD | 0.96% | 3.26% | 0.96% |
| BABAAlibaba Group Holding Ltd | 0.75% | 2.55% | 0.75% |
| DELTA ELECTRONICS INC | 0.34% | 1.17% | 0.34% |
| MEDIATEK INC | 0.31% | 1.06% | 0.31% |
| CHINA CONSTRUCTION BANK CORP | 0.26% | 0.87% | 0.26% |
| RSReliance Industries Ltd | 0.26% | 0.91% | 0.26% |
| HDBHDFC Bank Ltd | 0.24% | 0.80% | 0.24% |
| NBHCNational Bank of Greece SA | 0.24% | 0.32% | 0.24% |
| HON HAI PRECISION INDUSTRY CO LTD | 0.22% | 0.74% | 0.22% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in VEU
Only in VWO
Questions people ask
Is VEU the same as VWO?
25.3% of their weight sits in the same 757 holdings. VEU also reports SAMSUNG ELECTRONICS CO LTD, ASML, SKHY, which the other does not. VWO also reports MACRONIX INTERNATIONAL CO LTD, COMPEQ MANUFACTURING CO LTD, TAIWAN UNION TECHNOLOGY CORP, which the other does not.
How is the overlap between VEU and VWO measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 97% of VEU and 93% of VWO, so the number cannot exceed the smaller coverage.
Which holds more, VWO or VEU?
VEU reports 1,935 stock positions and VWO reports 1,791. 70.2% of VEU's weight sits in names VWO does not hold, and 12.1% of VWO's weight in names VEU does not hold. The ten largest positions are 13.5% of VEU and 26.6% of VWO.
How do VEU and VWO differ by sector?
The widest gap is Technology: VWO has 9.9 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
VEU against other funds in the table
VWO 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.