TSPI vs VEA: 73% overlap
TSP I Fund — shown via international proxy and Vanguard FTSE Developed Markets ETF share 73.2% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 1.3. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
TSPI and VEA hold 3,792 of the same securities. The ten contributing most to the overlap figure:
| Holding | in TSPI | in VEA | Δ |
|---|---|---|---|
| 005930 | 2.3% | 3.1% | 0.9% |
| 000660 | 2.2% | 3.0% | 0.8% |
| ASML | 1.7% | 2.3% | 0.6% |
| CASH | 2.4% | 1.4% | 1.1% |
| HSBA | 0.7% | 1.0% | 0.3% |
| SAN | 0.7% | 0.9% | 0.2% |
| NOVN | 0.6% | 0.9% | 0.2% |
| RY | 0.6% | 0.9% | 0.2% |
| ROP | 0.6% | 0.9% | 0.2% |
| AZN | 0.6% | 0.9% | 0.2% |
Where TSPI and VEA 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 | TSPI | VEA | Δ |
|---|---|---|---|
| Information Technology | 20.9% | 17.1% | +3.8pp |
| Industrials | 13.8% | 16.9% | −3.0pp |
| Cash and/or Derivatives | 2.5% | 1.4% | +1.1pp |
| Financials | 19.7% | 20.7% | −1.0pp |
| Health Care | 5.3% | 6.2% | −0.9pp |
| Communication Services | 3.3% | 2.5% | +0.8pp |
| Consumer Staples | 4.9% | 5.6% | −0.7pp |
| Utilities | 3.0% | 3.3% | −0.3pp |
Δ is TSPI minus VEA, 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
24.6% of TSPI by weight, held in no part of VEA.
0.0% of VEA by weight, held in no part of TSPI.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| TSPI | VEA | |
|---|---|---|
| Top 10 holdings | 16.3% | 15.2% |
| Positions held | 8,453 | 3,792 |
| Cost per $10,000 held, per year | $5 | $3 |
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 TSPI and VEA overlap?
TSPI and VEA overlap 73.2% by portfolio weight — substantial duplication if you hold both. They share 3,792 holdings. The figure comes from current issuer holdings files (TSPI as of 2026-06-30, VEA as of 2026-06-30).
How is the overlap between TSPI and VEA calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If TSPI holds a stock at 6% and VEA 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 TSPI and VEA?
That depends on your goals — we state facts, not advice. At 73.2% overlap, most of what one fund holds, the other holds too. Expense ratios: TSPI 0.05% versus VEA 0.03%.
What does TSPI own that VEA doesn't?
TSPI holds 8,453 positions and VEA holds 3,792; 4,669 of TSPI's positions don't appear in VEA at all, and they are 24.6% of TSPI by weight.
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Related comparisons
Sources: issuer holdings files, TSPI as of 2026-06-30, VEA as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.