Both funds come from Vanguard. VWO is an emerging-markets equity ETF, while VXUS is an international equity ETF. VWO and VXUS show meaningful overlap, with an estimated weighted overlap of 26.53%. They share 4838 holdings in the loaded dataset, led by TW0002330008, G87572163, and KYG017191142.
Freshly computed.
Quick Answer
Both funds come from Vanguard. VWO is an emerging-markets equity ETF, while VXUS is an international equity ETF. VWO and VXUS show meaningful overlap, with an estimated weighted overlap of 26.53%. They share 4838 holdings in the loaded dataset, led by TW0002330008, G87572163, and KYG017191142.
Data Freshness
Review the methodology for the overlap formula and refresh policy.
Compare another pair
Both funds come from Vanguard. VWO is an emerging-markets equity ETF, while VXUS is an international equity ETF. VWO and VXUS overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as TW0002330008, G87572163, and KYG017191142, which explains why the score lands at 26.53%.
Both funds come from Vanguard. VWO is an emerging-markets equity ETF, while VXUS is an international equity ETF. VXUS is the broader fund, while VWO is the more targeted sleeve. VWO and VXUS 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 20.69% 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, VXUS is usually the wider choice. If you want the more focused tilt, VWO is the narrower expression. VWO and VXUS are priced very similarly on expense ratio.
Concentration
The top three shared holdings explain 20.69% 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 VWO and VXUS.
| Holding | Name | VWO Wt. | VXUS Wt. | Overlap |
|---|---|---|---|---|
| TW0002330008 | Taiwan Semiconductor Manufacturing Co Ltd | 14.61% | 3.93% | 3.93% |
| G87572163 | Tencent Holdings Ltd | 3.26% | 0.87% | 0.87% |
| KYG017191142 | Alibaba Group Holding Ltd | 2.55% | 0.69% | 0.69% |
| TW0002308004 | Delta Electronics Inc | 1.17% | 0.31% | 0.31% |
| TW0002454006 | MediaTek Inc | 1.06% | 0.28% | 0.28% |
| Y72596102 | Reliance Industries Ltd | 0.90% | 0.24% | 0.24% |
| CNE1000002H1 | China Construction Bank Corp | 0.85% | 0.23% | 0.23% |
| INE040A01034 | HDFC Bank Ltd | 0.80% | 0.22% | 0.22% |
| TW0002317005 | Hon Hai Precision Industry Co Ltd | 0.74% | 0.20% | 0.20% |
| US7223041028 | PDD Holdings Inc | 0.66% | 0.18% | 0.18% |
Both funds come from Vanguard. VWO is an emerging-markets equity ETF, while VXUS is an international 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 VWO and VXUS can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
Go deeper
Portwise gives you full portfolio diagnostics — concentration risk, hidden risk scoring, drawdown analysis, and risk evolution tracking. Free to start.
Stay informed
Portfolio overlap alerts, new comparison data, and investing insights from the CG Corp team. No spam, unsubscribe anytime.
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.