etf overlap tool · nearly the same fund
VWO vs VEE overlap
95% of VWO and VEE is the same money, spread over 5,017 companies both funds hold.
Holdings as of September 30, 2026 · source: Vanguard (VWO), Vanguard (VEE) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
VEE holds one fund, VWO (99.2% of its money), not stocks: the lines here are the 5,017 stocks of VWO, from Vanguard's own month-end file. Vanguard's files give an ISIN with each line: 99.9% of its stock money is matched on one.
Hold VWO and VEE with other funds or stocks? The free portfolio optimizer opens VWO and VEE beside the rest of what you own: the companies you hold twice, what the funds cost a year, and where the next deposit should go. No account.
What only one of them gives you
Every VWO holding is also in the other fund.
Every VEE holding is also in the other fund.
Where each fund puts its money
VWO and VEE: what people ask
Is VEE the same as VWO?
Nearly: 95% of the money in VWO and VEE sits in the same companies at the same weights, as of September 30, 2026. The other 5.0% is weight differences, plus 0 names only in VWO and 0 only in VEE.
How much do VWO and VEE overlap?
95% by weight, as of September 30, 2026: nearly the same fund. 5,017 companies appear in both funds; they make up 96% of VWO and 95% of VEE.
Which stocks do VWO and VEE both hold?
The largest shared positions are 2330, 700, 9988, 2454 and 2308. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both VWO and VEE?
Out of every $100 split evenly between them, about $95 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 0 names only in VWO, 0 only in VEE. Half in each behaves like 33 equally weighted stocks, against 33 for VWO alone and 33 for VEE 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.
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.