etf overlap · moderate overlap

VXUS vs VWCE overlap

37% of VXUS and VWCE is the same money, spread over 3,297 companies both funds hold.

Holdings as of September 30, 2026 · source: Vanguard (VXUS), Vanguard (VWCE) · How we measured all 1,431 pairs

overlapfull holdings, by weight
37%of each fund is money the other holds at the same weight, across 3,297 shared companies.
VXUS
37%51%12%
VWCE
37%62%
  • 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 3,297
companyVXUSVWCE
232330Taiwan Semiconductor Manufacturing Co Ltd4.24%1.78%
00005930Samsung Electronics Co Ltd2.02%0.86%
00000660SK hynix Inc1.65%0.71%
ASASMLASML Holding NV1.54%0.66%
70700Tencent Holdings Ltd0.76%0.32%
HSHSBAHSBC Holdings PLC0.76%0.32%
SHSHELShell PLC0.62%0.26%
RYRYRoyal Bank of Canada0.61%0.26%
NONOVNNovartis AG0.59%0.25%
999988Alibaba Group Holding Ltd0.57%0.24%
838306Mitsubishi UFJ Financial Group Inc0.56%0.24%
AZAZNAstraZeneca PLC0.54%0.23%
NENESNNestle SA0.52%0.22%
242454MediaTek Inc0.50%0.21%
02Different

What only one of them gives you

only in VXUS5,567 names
DPDPMDPM Metals Inc0.02%
ELELDEldorado Gold Corp0.02%
GTGTTGaztransport Et Technigaz SA0.02%
STSTBStorebrand ASA0.02%
TKTKAthyssenkrupp AG0.02%
GMGMING Mining Ventures Corp0.02%
ALALSYDBAL Sydbank A/S0.02%
only in VWCE498 names
Alphabet Inc logoGOOGAlphabet Inc1.49%
03Sectors

Where each fund puts its money

sectorsVXUS vs VWCE, share of each fund
Information Technology19.38%32.64%
Financials21.94%16.15%
Industrials13.89%10.39%
Consumer Discretionary7.34%8.33%
Health Care6.29%8.22%
Communication Services3.71%7.82%
Materials6.55%3.64%
Consumer Staples4.43%4.55%
Energy4.30%3.89%
Utilities2.69%2.30%
Real Estate1.90%1.64%
Not classified4.44%0.00%
04Questions

VXUS and VWCE: what people ask

questions6 answered

How much do VXUS and VWCE overlap?

37% by weight, as of September 30, 2026: moderate overlap. 3,297 companies appear in both funds; they make up 88% of VXUS and 38% of VWCE.

Which stocks do VXUS and VWCE both hold?

The largest shared positions are 2330, 005930, 000660, ASML and 700. Ranked by the smaller of the two weights, which is the part you would own twice.

Is it redundant to hold both VXUS and VWCE?

Out of every $100 split evenly between them, about $37 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 5,567 names only in VXUS, 498 only in VWCE. Half in each behaves like 233 equally weighted stocks, against 232 for VXUS alone and 107 for VWCE alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.

What is VWCE, next to VXUS?

VWCE is Vanguard FTSE All-World UCITS ETF (USD) Accumulating (ISIN IE00BK5BQT80), an Irish-domiciled UCITS fund on the FTSE All-World index. Next to VXUS, 37% of the money is the same, spread over 3,297 companies both hold, as of September 30, 2026.

Does the VXUS vs VWCE 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. Each is the same portfolio in another currency, on another exchange or paying its dividends out, so VXUS vs VWRA also overlaps 37%.

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.