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ETF comparison

VEU vs VWO

International Total vs International Emerging.

Vanguard FTSE All-World ex-US Index Fund ETF Shares · Vanguard FTSE Emerging Markets Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
25.6 %

2,339 positions appear in both funds. Buying equal dollars of VEU and VWO would leave roughly 25.6% of each dollar exposed to the same underlying securities.

VEU unmatched 72.8% Shared 25.6% VWO unmatched 69.8%

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 VEU only
1,507 positions
Shared
2,339 positions
In VWO only
2,641 positions

Side by side

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%
VWO

Vanguard FTSE Emerging Markets Index Fund ETF Shares

Vanguard · International Emerging

89 composite / 100
Expense ratio
0.060%
Net assets
$164.66B
whole fund, 5 share classes
TTM yield
2.14%
Top-10 conc.
27.4%

Sub-score comparison

96
Cost
94
78
Tax efficiency
76
100
Liquidity
100
94
Concentration
75
—
Tracking quality
—
VEU sub-score VWO

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

Cost difference

VEU is 2 bps cheaper than VWO. On a $100,000 position that's about $20/yr more in fees for VWO.

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 VEU vs VWO.

Top shared holdings

2,339 shared in total
# Holding In VEU In VWO Overlap
1 Taiwan Semiconductor Manufacturing Co Ltd 4.43% 15.56% 4.43%
2 Tencent Holdings Ltd 0.95% 3.31% 0.95%
3 Alibaba Group Holding Ltd 0.69% 2.41% 0.69%
4 MediaTek Inc 0.39% 1.36% 0.39%
5 China Construction Bank Corp 0.25% 0.90% 0.25%
6 Delta Electronics Inc 0.23% 0.82% 0.23%
7 Hon Hai Precision Industry Co Ltd 0.23% 0.81% 0.23%
8 Reliance Industries Ltd 0.23% 0.80% 0.23%
9 HDFC Bank Ltd 0.22% 0.78% 0.22%
10 ICICI Bank Ltd 0.20% 0.69% 0.20%
11 Industrial & Commercial Bank of China Ltd 0.19% 0.66% 0.19%
12 PDD Holdings Inc 0.17% 0.59% 0.17%

Only in VEU

1,507 total
  • Samsung Electronics Co Ltd 1.99%
  • ASML Holding NV 1.58%
  • SK hynix Inc 1.56%
  • HSBC Holdings PLC 0.91%
  • Roche Holding AG 0.76%
  • Royal Bank of Canada 0.73%
  • Novartis AG 0.72%
  • Nestle SA 0.64%
  • Shell PLC 0.64%
  • AstraZeneca PLC 0.63%

Only in VWO

2,641 total
  • Taiwan Union Technology Corp 0.07%
  • Kinsus Interconnect Technology Corp 0.05%
  • Macronix International Co Ltd 0.05%
  • Compeq Manufacturing Co Ltd 0.05%
  • WinWay Technology Co Ltd 0.04%
  • Fibra MTY SAPI de CV 0.04%
  • LandMark Optoelectronics Corp 0.03%
  • Radico Khaitan Ltd 0.03%
  • ADATA Technology Co Ltd 0.03%
  • L&K Engineering Co Ltd 0.03%

Percentages are holdings overlap with the named fund.

Open VEU or VWO 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.