VWO vs VEU overlap
VWO and VEU overlap 25.8% by weight, across 2,339 shared holdings.
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Top shared holdings
| Holding | VWO | VEU | Overlap |
|---|---|---|---|
| TSMC2330 | 15.56% | 4.43% | 4.43% |
| Tencent700 | 3.31% | 0.95% | 0.95% |
| BABA-W9988 | 2.41% | 0.69% | 0.69% |
| Mediatek2454 | 1.36% | 0.39% | 0.39% |
| CCB-H939 | 0.90% | 0.25% | 0.25% |
| Delta ELEC2308 | 0.82% | 0.23% | 0.23% |
| HON HAI2317 | 0.81% | 0.23% | 0.23% |
| Reliance IndustrRELIANC | 0.80% | 0.23% | 0.23% |
| HDFC Bank Ltd.HDFCB | 0.78% | 0.22% | 0.22% |
| Icici Bank Ltd.ICICIBC | 0.69% | 0.20% | 0.20% |
| ICBC-H1398 | 0.66% | 0.19% | 0.19% |
| PDD Holdings Inc.PDD | 0.59% | 0.17% | 0.17% |
| Meituan-W3690 | 0.56% | 0.16% | 0.16% |
| Xiaomi Corp.-W1810 | 0.55% | 0.16% | 0.16% |
| Bharti AirtelBHARTI | 0.55% | 0.16% | 0.16% |
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: VWO, SEC Form N-PORT, July 31, 2026; VEU, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | VWO | VEU |
|---|---|---|
| Bank of America Corp. | $9.2B | $2.9B |
| Morgan Stanley | $3.3B | $2.0B |
| Northwestern Mutual Wealth Management Co | $4.6B | $129.8M |
| Northern Trust Corp. | $2.9B | $1.5B |
| Envestnet Asset Management Inc. | $2.4B | $920.7M |
| Wells Fargo & Company | $2.4B | $782.6M |
| Betterment LLC | $3.2B | $2.7M |
| Wealthfront Advisers LLC | $2.8B | $18.8M |
| Empower Advisory Group, LLC | $2.1B | $19.4M |
| Financial Engines Advisors L.L.C. | $2.1B | $11.8M |
| UBS Group AG | $1.3B | $741.0M |
| LPL Financial LLC | $1.0B | $335.2M |
| PNC Financial Services Group, Inc. | $625.4M | $701.6M |
| Creative Planning | $1.1B | $125.4M |
| Royal Bank of Canada | $938.7M | $199.4M |
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: VWO institutional holders, VEU institutional holders.
Frequently asked questions
How much do VWO and VEU overlap?
25.8% by weight, with 2,339 holdings in common, using holdings for VWO as of July 31, 2026 and VEU as of July 31, 2026. The largest shared position is 2330.
Do institutions hold both VWO and VEU?
1,215 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%.