etf overlap tool · heavy overlap
XAW vs VEQT overlap
98% of XAW's money sits in companies VEQT also holds; 67% of the two funds is the same money, spread over 7,393 companies both hold.
Holdings as of November 9, 2026 (XAW) and September 30, 2026 (VEQT) · source: iShares (XAW), Vanguard (VEQT) · 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.
VEQT holds 4 Vanguard funds, not stocks: VUN 45.5% (itself VTI), VCN 29.7%, VIU 17.6%, VEE 7.2% (itself VWO). Each is read through with Vanguard's own file of the same month-end, so the lines here are the 12,424 stocks behind them. Vanguard's files give an ISIN with each line: 99.9% of its stock money is matched on one.
Hold XAW and VEQT with other funds or stocks? The free portfolio optimizer opens XAW and VEQT 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.
The companies you would own twice
GOOGALPHABET CLASS C1.23%0.99%
What only one of them gives you
SPOTSPOTIFY TECHNOLOGY0.08%
SHOPShopify Inc1.54%Where each fund puts its money
XAW and VEQT: what people ask
How much do XAW and VEQT overlap?
67% by weight, as of September 30, 2026: heavy overlap. 7,393 companies appear in both funds; they make up 98% of XAW and 68% of VEQT.
Which stocks do XAW and VEQT 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 XAW and VEQT?
Out of every $100 split evenly between them, about $67 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 573 names only in XAW, 5,031 only in VEQT. Half in each behaves like 156 equally weighted stocks, against 124 for XAW alone and 162 for VEQT 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 iShares and 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.