FTIHX vs VWO: 3% overlap
Fidelity Total International Index and Vanguard FTSE Emerging Markets ETF share 3.4% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 2 months apart — FTIHX as of 2026-04-30, the rest through 2026-06-30. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
FTIHX and VWO hold 53 of the same securities. The ten contributing most to the overlap figure:
| Holding | in FTIHX | in VWO | Δ |
|---|---|---|---|
| CASH | 2.7% | 4.2% | 1.4% |
| PDD | 0.2% | 0.5% | 0.3% |
| KYG6427A1022 | 0.1% | 0.4% | 0.3% |
| INE101A01026 | 0.1% | 0.2% | 0.2% |
| MX01WA000038 | 0.0% | 0.1% | 0.1% |
| CLS | 0.1% | 0.0% | 0.1% |
| KYG7170M1033 | 0.0% | 0.1% | 0.1% |
| MXP554091415 | 0.0% | 0.1% | 0.0% |
| INE200A01026 | 0.0% | 0.1% | 0.0% |
| YUMC | 0.0% | 0.0% | 0.0% |
Where FTIHX and VWO differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | FTIHX | VWO | Δ |
|---|---|---|---|
| Unclassified | 94.6% | 9.3% | +85.3pp |
| Information Technology | 0.0% | 31.6% | −31.5pp |
| Financials | 1.3% | 17.2% | −15.9pp |
| Consumer Discretionary | 0.3% | 7.9% | −7.6pp |
| Materials | 0.1% | 5.7% | −5.6pp |
| Industrials | 0.4% | 5.9% | −5.5pp |
| Communication Services | 0.2% | 5.4% | −5.3pp |
| Energy | 0.2% | 3.3% | −3.2pp |
Δ is FTIHX minus VWO, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
96.7% of FTIHX by weight, held in no part of VWO.
93.8% of VWO by weight, held in no part of FTIHX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| FTIHX | VWO | |
|---|---|---|
| Top 10 holdings | 14.4% | 30.3% |
| Positions held | 5,057 | 5,003 |
| Cost per $10,000 held, per year | $6 | $6 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do FTIHX and VWO overlap?
FTIHX and VWO overlap 3.4% by portfolio weight — largely distinct portfolios. They share 53 holdings. The figure comes from current issuer holdings files (FTIHX as of 2026-04-30, VWO as of 2026-06-30).
How is the overlap between FTIHX and VWO calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If FTIHX holds a stock at 6% and VWO holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both FTIHX and VWO?
That depends on your goals — we state facts, not advice. At 3.4% overlap, each fund still contributes meaningfully distinct exposure.
What does FTIHX own that VWO doesn't?
FTIHX holds 5,057 positions and VWO holds 5,003; 5,003 of FTIHX's positions don't appear in VWO at all, and they are 96.7% of FTIHX by weight.
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Related comparisons
Sources: issuer holdings files, FTIHX as of 2026-04-30, VWO as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.