etf overlap tool · moderate overlap
VWO vs VXUS overlap
96% of VWO's money sits in companies VXUS also holds; 26% of the two funds is the same money, spread over 4,941 companies both hold.
Holdings as of September 30, 2026 · source: Vanguard (VWO), Vanguard (VXUS) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
What only one of them gives you
Where each fund puts its money
VWO and VXUS: what people ask
How much do VWO and VXUS overlap?
26% by weight, as of September 30, 2026: moderate overlap. 4,941 companies appear in both funds; they make up 96% of VWO and 26% of VXUS.
Which stocks do VWO and VXUS both hold?
The largest shared positions are 2330, 700, 9988, 2454 and 2308. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both VWO and VXUS?
Out of every $100 split evenly between them, about $26 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 76 names only in VWO, 3,923 only in VXUS. Half in each behaves like 79 equally weighted stocks, against 33 for VWO alone and 232 for VXUS alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
How is ETF overlap calculated here?
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 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.
Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.