VEU vs AVEM overlap
VEU and AVEM overlap 22.4% by weight, across 1,171 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (VEU: July 31, 2026, AVEM: May 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | VEU | AVEM | Overlap |
|---|---|---|---|
| TSMC2330 | 4.43% | 4.11% | 4.11% |
| SK Hynix Inc.000660 | 1.56% | 7.83% | 1.56% |
| Tencent700 | 0.95% | 1.51% | 0.95% |
| Mediatek2454 | 0.39% | 1.11% | 0.39% |
| CCB-H939 | 0.25% | 0.88% | 0.25% |
| Delta ELEC2308 | 0.23% | 0.77% | 0.23% |
| HON HAI2317 | 0.23% | 0.76% | 0.23% |
| HDFC Bank Ltd.HDFCB | 0.22% | 0.45% | 0.22% |
| ICBC-H1398 | 0.19% | 0.45% | 0.19% |
| PDD Holdings Inc.PDD | 0.17% | 0.70% | 0.17% |
| Bharti AirtelBHARTI | 0.16% | 0.20% | 0.16% |
| AL Rajhi BankRJHI | 0.12% | 0.23% | 0.12% |
| Meituan-W3690 | 0.16% | 0.12% | 0.12% |
| Bank of China-H3988 | 0.12% | 0.49% | 0.12% |
| PING an2318 | 0.11% | 0.49% | 0.11% |
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: VEU, SEC Form N-PORT, July 31, 2026; AVEM, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | VEU | AVEM |
|---|---|---|
| Bank of America Corp. | $2.9B | $2.8B |
| Morgan Stanley | $2.0B | $1.1B |
| Envestnet Asset Management Inc. | $920.7M | $1.6B |
| Savant Capital, LLC | $64.9M | $1.8B |
| Wells Fargo & Company | $782.6M | $760.7M |
| Northern Trust Corp. | $1.5B | $890K |
| Mercer Global Advisors Inc. | $78.9M | $962.1M |
| PNC Financial Services Group, Inc. | $701.6M | $221.5M |
| LPL Financial LLC | $335.2M | $569.5M |
| UBS Group AG | $741.0M | $122.9M |
| Jones Financial Companies LLLP | $306.9M | $504.7M |
| Raymond James Financial Inc. | $505.7M | $267.6M |
| Ameriprise Financial Inc. | $92.6M | $592.3M |
| Northwestern Mutual Wealth Management Co | $129.8M | $518.8M |
| Cerity Partners LLC | $328.6M | $246.8M |
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: VEU institutional holders, AVEM institutional holders.
Frequently asked questions
How much do VEU and AVEM overlap?
22.4% by weight, with 1,171 holdings in common, using holdings for VEU as of July 31, 2026 and AVEM as of May 31, 2026. The largest shared position is 2330.
Do institutions hold both VEU and AVEM?
515 Form 13F filers report positions in both, out of 2,117 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%.