Both funds come from Vanguard. VT is an equity ETF, while VWO is an emerging-markets equity ETF. VT and VWO show limited overlap, with an estimated weighted overlap of 10.26%. They share 4552 holdings in the loaded dataset, led by TW0002330008, G87572163, and KYG017191142.
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Both funds come from Vanguard. VT is an equity ETF, while VWO is an emerging-markets equity ETF. VT and VWO show limited overlap, with an estimated weighted overlap of 10.26%. They share 4552 holdings in the loaded dataset, led by TW0002330008, G87572163, and KYG017191142.
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Both funds come from Vanguard. VT is an equity ETF, while VWO is an emerging-markets equity ETF. VT and VWO do not own much of the same portfolio weight. That usually means you are combining different parts of the market, with only a small amount of duplication through names like TW0002330008, G87572163, and KYG017191142.
Both funds come from Vanguard. VT is an equity ETF, while VWO is an emerging-markets equity ETF. VT is the broader fund, while VWO is the more targeted sleeve. VT and VWO are priced very similarly on expense ratio.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 20.62% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
If you want the broader portfolio building block, VT is usually the wider choice. If you want the more focused tilt, VWO is the narrower expression. VT and VWO are priced very similarly on expense ratio.
Concentration
The top three shared holdings explain 20.62% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
These are the holdings contributing the most to the overlap score between VT and VWO.
| Holding | Name | VT Wt. | VWO Wt. | Overlap |
|---|---|---|---|---|
| TW0002330008 | Taiwan Semiconductor Manufacturing Co Ltd | 1.51% | 14.61% | 1.51% |
| G87572163 | Tencent Holdings Ltd | 0.34% | 3.26% | 0.34% |
| KYG017191142 | Alibaba Group Holding Ltd | 0.26% | 2.55% | 0.26% |
| TW0002308004 | Delta Electronics Inc | 0.12% | 1.17% | 0.12% |
| TW0002454006 | MediaTek Inc | 0.11% | 1.06% | 0.11% |
| CNE1000002H1 | China Construction Bank Corp | 0.09% | 0.85% | 0.09% |
| INE040A01034 | HDFC Bank Ltd | 0.08% | 0.80% | 0.08% |
| Y72596102 | Reliance Industries Ltd | 0.08% | 0.90% | 0.08% |
| TW0002317005 | Hon Hai Precision Industry Co Ltd | 0.08% | 0.74% | 0.08% |
| US7223041028 | PDD Holdings Inc | 0.07% | 0.66% | 0.07% |
Both funds come from Vanguard. VT is an equity ETF, while VWO is an emerging-markets equity ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are TW0002330008, G87572163, and KYG017191142, which appear in both portfolios and push the overlap score higher.
Holding both VT and VWO can make sense if you want exposure to different sleeves of the market. The overlap is small enough that both funds may still improve diversification.
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A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.