etf overlap tool · moderate overlap
VXUS vs XAW overlap
85% of VXUS's money sits in companies XAW also holds; 33% of the two funds is the same money, spread over 5,024 companies both hold.
Holdings as of September 30, 2026 · source: Vanguard (VXUS), iShares (XAW) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
XAW holds other funds, not stocks: iShares Canada publishes every security behind them, and those are the lines compared here. Its file gives a ticker and a country but no ISIN; 99.8% of its stock money was matched to one.
Hold VXUS and XAW with other funds or stocks? The free portfolio optimizer opens VXUS and XAW 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
SHOPShopify Inc0.40%
AAPLAPPLE4.64%
NVDANVIDIA3.92%
MSFTMICROSOFT3.67%
AMZNAMAZON.COM INC2.38%
AVGOBROADCOM INC1.38%
GOOGALPHABET CLASS C1.23%Where each fund puts its money
VXUS and XAW: what people ask
How much do VXUS and XAW overlap?
33% by weight, as of September 30, 2026: moderate overlap. 5,024 companies appear in both funds; they make up 85% of VXUS and 34% of XAW.
Which stocks do VXUS and XAW both hold?
The largest shared positions are 2330, 005930, ASML, 000660 and ROP. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both VXUS and XAW?
Out of every $100 split evenly between them, about $33 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 3,840 names only in VXUS, 2,942 only in XAW. Half in each behaves like 261 equally weighted stocks, against 232 for VXUS alone and 124 for XAW 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 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.