VEU vs VWO ETF holdings comparison
Vanguard FTSE All-World ex-US ETF (VEU) · Vanguard FTSE Emerging Markets ETF (VWO)
VEU and VWO overlap by 26.1% by portfolio weight. The remaining 73.9 percentage points are not counted as shared holdings weight by this calculation. They share 2305 stocks; the largest shared position is Taiwan Semiconductor Manufacturing Co Ltd (ticker unavailable), contributing 4.28% to the overlap.
What this means
VEU and VWO share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
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.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in VEU | in VWO |
|---|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | N/A | 4.28% | 14.61% |
| Tencent Holdings Ltd | N/A | 0.96% | 3.26% |
| Alibaba Group Holding Ltd | N/A | 0.75% | 2.55% |
| Delta Electronics Inc | N/A | 0.34% | 1.17% |
| MediaTek Inc | N/A | 0.31% | 1.06% |
| Reliance Industries Ltd | N/A | 0.26% | 0.90% |
| China Construction Bank Corp | N/A | 0.25% | 0.85% |
| HDFC Bank Ltd | N/A | 0.24% | 0.80% |
| Hon Hai Precision Industry Co Ltd | N/A | 0.22% | 0.74% |
| PDD Holdings Inc | PDD | 0.19% | 0.66% |
Holdings only in VEU or VWO
VEU has 1485 fund-only positions representing approximately 72.0 percentage points of reported exposure; VWO has 2620 fund-only positions representing approximately 9.1 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in VEU
| Company | Ticker | Weight |
|---|---|---|
| Samsung Electronics Co Ltd | N/A | 1.81% |
| ASML Holding NV | N/A | 1.43% |
| SK hynix Inc | N/A | 1.23% |
| HSBC Holdings PLC | N/A | 0.80% |
| Roche Holding AG | N/A | 0.73% |
| AstraZeneca PLC | N/A | 0.72% |
| Novartis AG | N/A | 0.72% |
| Nestle SA | N/A | 0.66% |
| Shell PLC | N/A | 0.66% |
| Royal Bank of Canada | RY | 0.64% |
Largest positions only in VWO
| Company | Ticker | Weight |
|---|---|---|
| Macronix International Co Ltd | N/A | 0.08% |
| WinWay Technology Co Ltd | N/A | 0.07% |
| Taiwan Union Technology Corp | N/A | 0.07% |
| Compeq Manufacturing Co Ltd | N/A | 0.07% |
| LandMark Optoelectronics Corp | N/A | 0.06% |
| Kinsus Interconnect Technology Corp | N/A | 0.05% |
| ADATA Technology Co Ltd | N/A | 0.04% |
| XtalPi Holdings Ltd | N/A | 0.03% |
| Fositek Corp | N/A | 0.03% |
| L&K Engineering Co Ltd | N/A | 0.03% |
FAQ
How much do VEU and VWO overlap?
VEU and VWO have 26.1% overlap by weight, sharing 2305 equity positions (out of 3790 in VEU and 4925 in VWO). The official holdings files used are dated 2026-04-30 for VEU and 2026-04-30 for VWO.
What does 26.1% overlap mean?
VEU and VWO share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
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 top shared holdings with weights in each fund are shown on this page.
What holdings are different between VEU and VWO?
VEU has 1485 positions not found in VWO, while VWO has 2620 positions not found in VEU. The largest fund-only positions and their weights are shown on this page.