etf overlap · little overlap

VEA vs VO overlap

0.2% of VEA and VO is the same money, spread over 2 companies both funds hold.

Holdings as of August 31, 2026 · source: Vanguard (VEA), Vanguard (VO) · How we measured all 1,035 pairs

overlapfull holdings, by weight
0.2%of each fund is money the other holds at the same weight, across 2 shared companies.
VEA
100%
VO
99%
  • same money
  • same companies, extra weight
  • only in this fund
Overlap = the sum, over companies both funds hold, of the smaller of the two weights. Cash and derivatives excluded.
01Shared

The companies you would own twice

held by bothtop 2 of 2
companyVEAVO
WCWCNWaste Connections Inc0.12%0.38%
SUSUNBSunbelt Rentals Holdings Inc0.09%0.30%
02Different

What only one of them gives you

only in VEA3,889 names
00005930Samsung Electronics Co Ltd2.60%
00000660SK hynix Inc2.00%
ASASMLASML Holding NV1.95%
HSHSBAHSBC Holdings PLC1.05%
RYRYRoyal Bank of Canada0.85%
NONOVNNovartis AG0.85%
SHSHELShell PLC0.77%
only in VO269 names
NENETCloudflare Inc1.11%
VRVRTVertiv Holdings Co0.92%
DDDDOGDatadog Inc0.91%
HWHWMHowmet Aerospace Inc0.89%
03Sectors

Where each fund puts its money

sectorsVEA vs VO, share of each fund
Financials23.78%14.97%
Industrials17.25%18.71%
Information Technology14.09%15.56%
Health Care7.56%9.25%
Consumer Discretionary7.46%8.77%
Energy4.58%8.61%
Materials6.98%4.33%
Utilities2.92%7.69%
Consumer Staples5.16%4.81%
Real Estate2.07%4.78%
Communication Services2.96%2.22%
Not classified3.20%0.00%
04Questions

VEA and VO: what people ask

questions4 answered

How much do VEA and VO overlap?

0.2% by weight, as of August 31, 2026: little overlap. 2 companies appear in both funds; they make up 0.2% of VEA and 0.7% of VO.

Which stocks do VEA and VO both hold?

The largest shared positions are WCN and SUNB. Ranked by the smaller of the two weights, which is the part you would own twice.

Is it redundant to hold both VEA and VO?

Out of every $100 split evenly between them, about $0 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 3,889 names only in VEA, 269 only in VO. Half in each behaves like 464 equally weighted stocks, against 266 for VEA alone and 206 for VO alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.

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 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.

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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.