VEA vs IEFA overlap
VEA and IEFA overlap 75.4% by weight, across 2,399 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | VEA | IEFA | Overlap |
|---|---|---|---|
| ASML Holding NVASML | 2.36% | 2.50% | 2.36% |
| HSBC Holdings PLHSBA | 1.00% | 1.42% | 1.00% |
| Novartis AG-REGNOVN | 0.90% | 1.12% | 0.90% |
| Roper TechnologiROP | 0.89% | 1.20% | 0.89% |
| Astrazeneca PLCAZN | 0.87% | 1.00% | 0.87% |
| Nestle SA-REGNESN | 0.82% | 1.00% | 0.82% |
| Siemens AG-REGSIE | 0.73% | 0.95% | 0.73% |
| Shell PLCSHELL | 0.67% | 1.00% | 0.67% |
| Mitsubishi UFJ F8306 | 0.67% | 0.93% | 0.67% |
| BHP Group Ltd.BHP | 0.65% | 0.83% | 0.65% |
| Banco SantanderSAN | 0.62% | 0.79% | 0.62% |
| Commonw BK AustrCBA | 0.59% | 0.82% | 0.59% |
| Tokyo Electron8035 | 0.66% | 0.58% | 0.58% |
| Allianz SE-REGALIZF | 0.56% | 0.74% | 0.56% |
| Toyota Motor7203 | 0.55% | 0.70% | 0.55% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: VEA, SEC Form N-PORT, June 30, 2026; IEFA, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | VEA | IEFA |
|---|---|---|
| Bank of America Corp. | $14.4B | $19.8B |
| Morgan Stanley | $5.2B | $10.3B |
| Jones Financial Companies LLLP | $4.0B | $10.8B |
| Wells Fargo & Company | $4.1B | $8.8B |
| Envestnet Asset Management Inc. | $6.3B | $4.7B |
| Betterment LLC | $9.9B | $864.9M |
| UBS Group AG | $2.2B | $6.7B |
| Creative Planning | $8.3B | $262.4M |
| Northwestern Mutual Wealth Management Co | $4.8B | $3.6B |
| LPL Financial LLC | $2.0B | $4.6B |
| Raymond James Financial Inc. | $1.2B | $4.4B |
| Bank of New York Mellon Corp | $919.7M | $3.7B |
| Goldman Sachs Group Inc. | $2.3B | $2.0B |
| US Bancorp | $741.8M | $3.5B |
| Royal Bank of Canada | $3.3B | $894.7M |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: VEA institutional holders, IEFA institutional holders.
Frequently asked questions
How much do VEA and IEFA overlap?
75.4% by weight, with 2,399 holdings in common, using holdings for VEA as of June 30, 2026 and IEFA as of July 31, 2026. The largest shared position is ASML.
Do institutions hold both VEA and IEFA?
1,840 Form 13F filers report positions in both, out of 3,613 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.