VEA vs SMEA overlap

41% by weight, as of September 30, 2026: moderate overlap. 377 companies appear in both funds; they make up 41% of VEA and 98% of SMEA.

The largest shared positions are ASML, HSBA, ROP, SHEL and NOVN. Ranked by the smaller of the two weights, which is the part you would own twice.

Out of every $100 split evenly between them, about $41 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 3,523 names only in VEA, 8 only in SMEA. Half in each behaves like 186 equally weighted stocks, against 248 for VEA alone and 106 for SMEA alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.

SMEA is iShares Core MSCI Europe UCITS ETF EUR (Acc) (ISIN IE00B4K48X80), an Irish-domiciled UCITS fund on the MSCI Europe index. Next to VEA, 41% of the money is the same, spread over 377 companies both hold, as of September 30, 2026.

Yes. SMEA also trades as IMAE (Euronext Amsterdam, EUR) and EUNK (Xetra, EUR). Each is the same portfolio in another currency, on another exchange or paying its dividends out, so VEA vs EUNK also overlaps 41%.

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 Vanguard and iShares 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.