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ETF comparison

CWI vs VEU

Both International Total.

State Street SPDR MSCI ACWI ex-US ETF · Vanguard FTSE All-World ex-US Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
69.6 %

1,093 positions appear in both funds. Buying equal dollars of CWI and VEU would leave roughly 69.6% of each dollar exposed to the same underlying securities.

CWI unmatched 29.5% Shared 69.6% VEU unmatched 28.8%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In CWI only
39 positions
Shared
1,093 positions
In VEU only
2,753 positions

Side by side

CWI

State Street SPDR MSCI ACWI ex-US ETF

State Street · International Total

76 composite / 100
Expense ratio
0.30%
Net assets
$2.85B
TTM yield
2.79%
Top-10 conc.
18.1%
VEU

Vanguard FTSE All-World ex-US Index Fund ETF Shares

Vanguard · International Total

93 composite / 100
Expense ratio
0.040%
Net assets
$95.69B
whole fund, 4 share classes
TTM yield
2.43%
Top-10 conc.
14.3%

Sub-score comparison

70
Cost
96
77
Tax efficiency
78
76
Liquidity
100
88
Concentration
94
—
Tracking quality
—
CWI sub-score VEU

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

VEU is 26 bps cheaper than CWI. On a $100,000 position that's about $260/yr more in fees for CWI.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with CWI vs VEU.

Top shared holdings

1,093 shared in total
# Holding In CWI In VEU Overlap
1 ASML Holding NV 2.12% 1.58% 1.58%
2 SK hynix Inc 2.56% 1.56% 1.56%
3 HSBC Holdings PLC 0.95% 0.91% 0.91%
4 Tencent Holdings Ltd 0.89% 0.95% 0.89%
5 Roche Holding AG 0.82% 0.76% 0.76%
6 Royal Bank of Canada 0.90% 0.73% 0.73%
7 Novartis AG 0.79% 0.72% 0.72%
8 Nestle SA 0.72% 0.64% 0.64%
9 AstraZeneca PLC 0.76% 0.63% 0.63%
10 Mitsubishi UFJ Financial Group Inc 0.61% 0.60% 0.60%
11 Shell PLC 0.60% 0.64% 0.60%
12 Siemens AG 0.69% 0.60% 0.60%

Only in CWI

39 total
  • Samsung Electronics Co Ltd 2.90%
  • Hon Hai Precision Industry Co Ltd 0.30%
  • Reliance Industries Ltd 0.25%
  • Spotify Technology SA 0.19%
  • ICICI Bank Ltd 0.19%
  • Vale SA 0.14%
  • Nebius Group NV 0.12%
  • Credicorp Ltd 0.12%
  • NU Holdings Ltd/Cayman Islands 0.11%
  • Teva Pharmaceutical Industries Ltd 0.10%

Only in VEU

2,753 total
  • Taiwan Semiconductor Manufacturing Co Ltd 4.43%
  • Samsung Electronics Co Ltd 1.99%
  • Hon Hai Precision Industry Co Ltd 0.23%
  • Reliance Industries Ltd 0.23%
  • ICICI Bank Ltd 0.20%
  • Air Liquide SA 0.18%
  • L'Oreal SA 0.16%
  • Waste Connections Inc 0.10%
  • Teva Pharmaceutical Industries Ltd 0.10%
  • Petroleo Brasileiro SA 0.09%

Percentages are holdings overlap with the named fund.

Open CWI or VEU at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.