VEU vs IEFA overlap
VEU and IEFA overlap 58.1% by weight, across 1,168 shared holdings.
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Top shared holdings
| Holding | VEU | IEFA | Overlap |
|---|---|---|---|
| ASML Holding NVASML | 1.58% | 2.50% | 1.58% |
| HSBC Holdings PLHSBA | 0.91% | 1.42% | 0.91% |
| Roper TechnologiROP | 0.76% | 1.20% | 0.76% |
| Novartis AG-REGNOVN | 0.72% | 1.12% | 0.72% |
| Nestle SA-REGNESN | 0.64% | 1.00% | 0.64% |
| Shell PLCSHELL | 0.64% | 1.00% | 0.64% |
| Astrazeneca PLCAZN | 0.63% | 1.00% | 0.63% |
| Mitsubishi UFJ F8306 | 0.60% | 0.93% | 0.60% |
| Siemens AG-REGSIE | 0.60% | 0.95% | 0.60% |
| BHP Group Ltd.BHP | 0.53% | 0.83% | 0.53% |
| Commonw BK AustrCBA | 0.52% | 0.82% | 0.52% |
| Banco SantanderSAN | 0.51% | 0.79% | 0.51% |
| Toyota Motor7203 | 0.50% | 0.70% | 0.50% |
| Allianz SE-REGALIZF | 0.47% | 0.74% | 0.47% |
| SAP SESAPGF | 0.47% | 0.74% | 0.47% |
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; IEFA, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | VEU | IEFA |
|---|---|---|
| Bank of America Corp. | $2.9B | $19.8B |
| Morgan Stanley | $2.0B | $10.3B |
| Jones Financial Companies LLLP | $306.9M | $10.8B |
| Wells Fargo & Company | $782.6M | $8.8B |
| UBS Group AG | $741.0M | $6.7B |
| Envestnet Asset Management Inc. | $920.7M | $4.7B |
| Raymond James Financial Inc. | $505.7M | $4.4B |
| LPL Financial LLC | $335.2M | $4.6B |
| Bank of New York Mellon Corp | $39.4M | $3.7B |
| Northwestern Mutual Wealth Management Co | $129.8M | $3.6B |
| US Bancorp | $125.3M | $3.5B |
| BlackRock, Inc. | $18.6M | $3.3B |
| FMR LLC | $33.1M | $2.9B |
| TIAA Wealth Investment Management LLC | $184K | $2.6B |
| PNC Financial Services Group, Inc. | $701.6M | $1.6B |
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, IEFA institutional holders.
Frequently asked questions
How much do VEU and IEFA overlap?
58.1% by weight, with 1,168 holdings in common, using holdings for VEU as of July 31, 2026 and IEFA as of July 31, 2026. The largest shared position is ASML.
Do institutions hold both VEU and IEFA?
1,064 Form 13F filers report positions in both, out of 3,016 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%.