VWO vs VXF Overlap
Both funds come from Vanguard. VWO is an emerging-markets equity ETF, while VXF is an equity ETF. VWO and VXF show limited overlap, with an estimated weighted overlap of 0.34%. They share 31 holdings in the loaded dataset, led by TTAN, AL, and BHF.
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Quick Answer
Both funds come from Vanguard. VWO is an emerging-markets equity ETF, while VXF is an equity ETF. VWO and VXF show limited overlap, with an estimated weighted overlap of 0.34%. They share 31 holdings in the loaded dataset, led by TTAN, AL, and BHF.
- 0.34% weighted overlap across 31 shared holdings.
- The top three shared holdings explain 40% of the measured overlap.
- VWO and VXF are closer in breadth than a broad-vs-niche ETF pair.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both can still add materially different exposure.
Data Freshness
- VWO holdings
- Mar 12, 2026
- VXF holdings
- Mar 12, 2026
- Overlap computed
- Mar 15, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
Both funds come from Vanguard. VWO is an emerging-markets equity ETF, while VXF is an equity ETF. VWO and VXF 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 TTAN, AL, and BHF.
How They Differ
Both funds come from Vanguard. VWO is an emerging-markets equity ETF, while VXF is an equity ETF. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. VWO and VXF are priced very similarly on expense ratio.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 40% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
Because VWO and VXF are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. VWO and VXF are priced very similarly on expense ratio.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 40% 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.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between VWO and VXF.
| Holding | Name | VWO Wt. | VXF Wt. | Overlap |
|---|---|---|---|---|
| TTAN | Titan Co Ltd | 0.14% | 0.06% | 0.06% |
| AL | Ashok Leyland Ltd | 0.05% | 0.09% | 0.05% |
| BHF | BUMRUNGRAD HOSPITAL-FOREIGN | 0.03% | 0.05% | 0.03% |
| PI | PI Industries Ltd | 0.03% | 0.05% | 0.03% |
| BHE | Bharat Electronics Ltd | 0.15% | 0.02% | 0.02% |
| STC | Saudi Telecom Co | 0.20% | 0.02% | 0.02% |
| TDC | TIME dotCom Bhd | 0.02% | 0.03% | 0.02% |
| PAG | Page Industries Ltd | 0.02% | 0.04% | 0.02% |
| AMR | Americana Restaurants International PLC - Foreign Co | 0.01% | 0.03% | 0.01% |
| HMN | Emami Ltd | 0.01% | 0.02% | 0.01% |
Why These ETFs Overlap
Both funds come from Vanguard. VWO is an emerging-markets equity ETF, while VXF is an equity ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are TTAN, AL, and BHF, which appear in both portfolios and push the overlap score higher.
Holding both VWO and VXF 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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Frequently Asked Questions About VWO and VXF
What is the overlap between VWO and VXF?+
How many holdings do VWO and VXF share?+
Is the VWO and VXF overlap high?+
Why do VWO and VXF overlap?+
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How Overlap Is Calculated
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.