etf overlap · nearly the same fund
VWCE vs SSAC overlap
91% of VWCE and SSAC is the same money, spread over 1,557 companies both funds hold.
Holdings as of September 30, 2026 · source: Vanguard (VWCE), iShares (SSAC) · 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
VWCE and SSAC: what people ask
Is SSAC the same as VWCE?
Nearly: 91% of the money in VWCE and SSAC sits in the same companies at the same weights, as of September 30, 2026. The other 9.5% is weight differences, plus 2,238 names only in VWCE and 82 only in SSAC.
How much do VWCE and SSAC overlap?
91% by weight, as of September 30, 2026: nearly the same fund. 1,557 companies appear in both funds; they make up 93% of VWCE and 96% of SSAC.
Which stocks do VWCE and SSAC 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 VWCE and SSAC?
Out of every €100 split evenly between them, about €91 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 2,238 names only in VWCE, 82 only in SSAC. Half in each behaves like 104 equally weighted stocks, against 107 for VWCE alone and 99 for SSAC alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
Do VWCE and SSAC track the same index?
No. VWCE (ISIN IE00BK5BQT80) tracks the FTSE All-World index, SSAC (ISIN IE00B6R52259) the MSCI All Country World (ACWI). As of September 30, 2026, 2,238 companies are only in VWCE (6.2% of the fund) and 82 only in SSAC (3.5% of it).
Does the VWCE vs SSAC overlap apply to other tickers?
Yes. VWCE also trades as VWRA (London, USD) and VWRP (London, GBP), and VWRL (ISIN IE00B3RBWM25) is its distributing share class. SSAC also trades as ISAC (London, USD; Borsa Italiana, EUR) and IUSQ (Xetra, EUR). Each is the same portfolio in another currency, on another exchange or paying its dividends out, so VWRA vs IUSQ also overlaps 91%.
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 and iShares 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.