DIA vs VXUS: how much do they really overlap?
DIA (SPDR Dow Jones Industrial Average ETF, tracking the Dow Jones Industrial Average) and VXUS (Vanguard Total International Stock ETF, tracking the FTSE Global All Cap ex US) overlap by roughly 0% by weight. 0 of DIA's top 10 holdings also appear in VXUS. A 50/50 blend of the two behaves like about 73 equally-weighted bets (diversification grade A). In short, the two funds hold almost none of the same securities — they are complementary, not redundant.
The same companies, in both funds
These 0 holdings appear in both DIA and VXUS. The weight columns show how much of each fund each name represents.
| Holding | in DIA | in VXUS |
|---|
Only in DIA
SPDR Dow Jones Industrial Average ETF — US blue-chip (Dow 30). Its biggest holdings that VXUS doesn’t have:
| CAT Caterpillar Inc. | 11.76% |
| GS The Goldman Sachs Group, Inc. | 11.61% |
| UNH UnitedHealth Group Incorporated | 4.78% |
| MSFT Microsoft Corporation | 4.20% |
| AMGN Amgen Inc. | 4.10% |
| GOOGL Alphabet Inc. | 4.03% |
| HD The Home Depot, Inc. | 3.99% |
| SHW The Sherwin-Williams Company | 3.92% |
Only in VXUS
Vanguard Total International Stock ETF — total ex-US. Its biggest holdings that DIA doesn’t have:
| 2330 Taiwan Semiconductor Manufacturing Co. Ltd. | 3.95% |
| 005930 Samsung Electronics Co. Ltd. | 2.17% |
| 000660 SK hynix Inc | 1.85% |
| ASML ASML Holding NV | 1.38% |
| 700 Tencent Holdings Ltd. | 0.74% |
| HSBA HSBC Holdings plc | 0.71% |
| ROP Roche Holding AG | 0.65% |
| NOVN Novartis AG | 0.63% |
So — essentially different. Should you hold both?
DIA and VXUS hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~73 effective positions (grade A), because they hold largely different securities.
Holdings as of — DIA: Jun 29, 2026 (State Street Global Advisors); VXUS: May 31, 2026 (Vanguard). Refreshed monthly. Overlap is measured across each fund’s largest holdings (top 50); the diffuse long tail barely moves the math.
See this for YOUR whole portfolio, free →DIA vs VXUS — FAQ
- How much do DIA and VXUS overlap?
- DIA and VXUS overlap by approximately 0% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 0 of DIA's 10 largest holdings are also held by VXUS. They share 0 of their listed top holdings in total.
- Is it redundant to hold both DIA and VXUS?
- Because they hold almost none of the same securities — they are complementary, not redundant, holding both is not redundant — each fund covers largely different holdings, so together they broaden your exposure. A 50/50 blend has an effective 73 positions and a A diversification grade.
- What does VXUS hold that DIA doesn't?
- VXUS's largest holdings that DIA doesn't hold include 2330, 005930, 000660, ASML, 700. Its category is total ex-US, versus DIA's US blue-chip (Dow 30).
- Which is more concentrated, DIA or VXUS?
- DIA's top 10 holdings are 59% of its listed weight; VXUS's are 49%. The more concentrated fund leans harder on its largest names.