VOO vs VWCE: ETF Overlap

Vanguard S&P 500 ETF vs Vanguard FTSE All-World UCITS ETF USD Accumulation — shared top holdings, sector duplication, and what makes each fund different.

Data as of November 11, 2026

Very high overlap

VOO and VWCE.DE share 8 of their 9 biggest holdings

Shared top holdings

NVIDIA: 8.4% of VOO, 5% of VWCE.DE
Apple: 7.4% of VOO, 4.5% of VWCE.DE
Microsoft: 5.8% of VOO, 3.6% of VWCE.DE
Alphabet: 5.5% of VOO, 3.4% of VWCE.DE
Amazon: 3.7% of VOO, 2.3% of VWCE.DE
Broadcom: 2.5% of VOO, 1.5% of VWCE.DE
Meta: 2.4% of VOO, 1.5% of VWCE.DE
Micron: 1.8% of VOO, 1.1% of VWCE.DE

Only in VOO's top 9: Tesla 1.5%
Only in VWCE.DE's top 9: Taiwan Semiconductor Manufacturing 1.8%

Yearly fee on $10,000

VOO: $3 a year, expense ratio 0.03%
VWCE.DE: $14 a year, expense ratio 0.14%

Where they differ

Tech
Financials
Communication
Consumer
Health
Other

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What's different between VOO and VWCE?

The largest VOO positions missing from VWCE's disclosed top holdings are TSLA. In the other direction, VWCE's largest positions not in VOO's top list are 2330.TW. Disclosed lists cover 39.1% of VOO and 24.8% of VWCE; the sector table below compares the funds on complete data.

What does this overlap mean?

89.6% sector overlap is very high. These funds are close substitutes — owning both mostly duplicates one exposure instead of diversifying it. That isn't automatically wrong (fees, share classes or account types can justify holding both), but don't count them as two different bets.

Sector breakdown: VOO vs VWCE.DE

Sector	VOO	VWCE.DE	Overlap
Technology	40.5%	33.5%	33.5%
Financial Services	11.1%	16%	11.1%
Industrials	7.6%	10.1%	7.6%
Communication Services	9.9%	8%	8%
Health Care	9.3%	8.3%	8.3%
Consumer Discretionary	8.8%	8.3%	8.3%
Consumer Staples	4.3%	4.4%	4.3%
Energy	3.4%	4%	3.4%
Materials	1.6%	3.5%	1.6%
Utilities	1.9%	2.3%	1.9%
Real Estate	1.7%	1.7%	1.7%

How we calculate it

Holdings overlap sums min(weight in fund A, weight in fund B) across positions that appear in both funds' disclosed top-holdings lists — public data discloses only each fund's largest positions, so this number is a lower bound on true full-portfolio overlap. Sector overlap applies the same min() logic to the funds' complete sector allocations, which cover ~100% of each fund, making it the more complete signal of duplication.

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VOO's UCITS equivalent for EU investors

Data & methodology disclaimer

This tool is for education, not investment advice. Holdings and sector data come from public market-data feeds, reflect each fund's most recently disclosed top positions, and can lag the fund's actual portfolio. Overlap computed from disclosed top holdings is a lower bound. Always verify against the fund provider's official holdings file before making decisions.

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