etf overlap · moderate overlap

VWO vs VXUS overlap

26% of VWO and VXUS is the same money, spread over 4,782 companies both funds hold.

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

overlapfull holdings, by weight
26%of each fund is money the other holds at the same weight, across 4,782 shared companies.
VWO
26%69%
VXUS
26%74%
  • 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 15 of 4,782
companyVWOVXUS
232330Taiwan Semiconductor Manufacturing Co Ltd14.68%4.24%
70700Tencent Holdings Ltd2.89%0.76%
999988Alibaba Group Holding Ltd2.18%0.57%
242454MediaTek Inc1.46%0.50%
232308Delta Electronics Inc0.90%0.25%
93939China Construction Bank Corp0.86%0.25%
232317Hon Hai Precision Industry Co Ltd0.77%0.21%
HDHDFCBHDFC Bank Ltd0.68%0.19%
RERELIANCEReliance Industries Ltd0.72%0.19%
131398Industrial & Commercial Bank of China Ltd0.62%0.17%
373711ASE Technology Holding Co Ltd0.49%0.16%
ICICICIBCICICI Bank Ltd0.65%0.16%
PDPDDPDD HOLDINGS INC0.52%0.13%
BHBHARTIBharti Airtel Ltd0.47%0.13%
181810Xiaomi Corp0.49%0.12%
02Different

What only one of them gives you

only in VWO214 names
TMTMETENCENT MUSIC ENTERTAINM-ADR0.03%
SCSCC-RSIAM CEMENT PCL-NVDR0.02%
BBBBL-RBANGKOK BANK PUBLIC CO-NVDR0.02%
TAIWAN SEMICONDUCTOR-SP ADR logoTSMTAIWAN SEMICONDUCTOR-SP ADR0.02%
KBKBANK-RKASIKORNBANK PCL-NVDR0.02%
POPONYPONY AI INC0.01%
TRTRUE-RTRUE CORP PCL/NEW-NVDR0.01%
KTKTB-RKRUNG THAI BANK - NVDR0.01%
only in VXUS4,082 names
00005930Samsung Electronics Co Ltd2.02%
00000660SK hynix Inc1.65%
ASASMLASML Holding NV1.54%
HSHSBAHSBC Holdings PLC0.76%
Roche Holding AG logoROPRoche Holding AG0.65%
SHSHELShell PLC0.62%
RYRYRoyal Bank of Canada0.61%
NONOVNNovartis AG0.59%
03Sectors

Where each fund puts its money

sectorsVWO vs VXUS, share of each fund
Information Technology29.37%19.38%
Financials18.12%21.94%
Industrials5.79%13.89%
Consumer Discretionary8.46%7.34%
Materials6.87%6.55%
Communication Services5.93%3.71%
Health Care3.24%6.29%
Energy3.35%4.30%
Consumer Staples2.91%4.43%
Utilities2.20%2.69%
Real Estate1.63%1.90%
Not classified7.20%4.44%
04Questions

VWO and VXUS: what people ask

questions4 answered

How much do VWO and VXUS overlap?

26% by weight, as of August 31, 2026: moderate overlap. 4,782 companies appear in both funds; they make up 95% of VWO and 26% of VXUS.

Which stocks do VWO and VXUS 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 VXUS?

Out of every $100 split evenly between them, about $26 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 214 names only in VWO, 4,082 only in VXUS. Half in each behaves like 86 equally weighted stocks, against 37 for VWO alone and 232 for VXUS 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.

Hold VWO and VXUS?Import your positions and see what your funds hold together, company by company, with the fees you pay on each.Import my portfolio

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.