VEU vs VWO: how much do they overlap?
Vanguard FTSE All-World ex-US ETF (VEU) · Vanguard FTSE Emerging Markets ETF (VWO)
overlap by weight · 2319 shared holdings
VEU: 3816 holdings (as of 2026-04-30) · VWO: 4983 holdings (as of 2026-04-30)
Low overlap
What this means
VEU and VWO hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold — it answers "how much of my money is in the same stocks either way?" See methodology.
Top shared holdings
| Company | Ticker | in VEU | in VWO |
|---|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | — | 4.28% | 14.61% |
| Tencent Holdings Ltd | — | 0.96% | 3.26% |
| Alibaba Group Holding Ltd | — | 0.75% | 2.55% |
| Delta Electronics Inc | — | 0.34% | 1.17% |
| MediaTek Inc | — | 0.31% | 1.06% |
| Reliance Industries Ltd | — | 0.26% | 0.9% |
| China Construction Bank Corp | — | 0.25% | 0.85% |
| HDFC Bank Ltd | — | 0.24% | 0.8% |
| Hon Hai Precision Industry Co Ltd | — | 0.22% | 0.74% |
| PDD Holdings Inc | PDD | 0.19% | 0.66% |
FAQ
How much do VEU and VWO overlap?
VEU and VWO have a 26.1% overlap by weight, sharing 2319 holdings (out of 3816 in VEU and 4983 in VWO), based on official issuer holdings as of 2026-04-30.
What does 26.1% overlap mean?
VEU and VWO hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do VEU and VWO both hold?
The largest shared positions are Taiwan Semiconductor Manufacturing Co Ltd, Tencent Holdings Ltd, Alibaba Group Holding Ltd, Delta Electronics Inc, MediaTek Inc. The full list of top shared holdings with weights in each fund is shown on this page.