etf overlap · nearly the same fund
IWDA vs VWCE overlap
84% of IWDA and VWCE is the same money, spread over 1,186 companies both funds hold.
Holdings as of September 30, 2026 · source: iShares (IWDA), Vanguard (VWCE) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
The companies you would own twice
What only one of them gives you
Where each fund puts its money
IWDA and VWCE: what people ask
Is VWCE the same as IWDA?
Nearly: 84% of the money in IWDA and VWCE sits in the same companies at the same weights, as of September 30, 2026. The other 16% is weight differences, plus 62 names only in IWDA and 2,609 only in VWCE.
How much do IWDA and VWCE overlap?
84% by weight, as of September 30, 2026: nearly the same fund. 1,186 companies appear in both funds; they make up 99% of IWDA and 85% of VWCE.
Which stocks do IWDA and VWCE both hold?
The largest shared positions are NVDA, AAPL, MSFT, AMZN and GOOGL. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both IWDA and VWCE?
Out of every €100 split evenly between them, about €84 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 62 names only in IWDA, 2,609 only in VWCE. Half in each behaves like 95 equally weighted stocks, against 83 for IWDA alone and 107 for VWCE alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
Do IWDA and VWCE track the same index?
No. IWDA (ISIN IE00B4L5Y983) tracks the MSCI World index, VWCE (ISIN IE00BK5BQT80) the FTSE All-World. As of September 30, 2026, 62 companies are only in IWDA (1.0% of the fund) and 2,609 only in VWCE (15% of it).
Does the IWDA vs VWCE overlap apply to other tickers?
Yes. IWDA also trades as SWDA (London, GBP; Borsa Italiana, EUR) and EUNL (Xetra, EUR). VWCE also trades as VWRA (London, USD) and VWRP (London, GBP), and VWRL (ISIN IE00B3RBWM25) is its distributing share class. Each is the same portfolio in another currency, on another exchange or paying its dividends out, so EUNL vs VWRA also overlaps 84%.
How is ETF overlap calculated here?
For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files iShares and Vanguard publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.
Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.