Guardfolio Research · Canadian ETF Overlap
XEQT vs VEQT: 86.0% Overlap by Weight
XEQT (iShares Core Equity ETF Portfolio) and VEQT (Vanguard All-Equity ETF Portfolio) overlap by 86.0% of normalized weight through 6967 shared securities, led by NVDA, AAPL, MSFT, RY.TO, AMZN. iShares vs Vanguard all-equity one-ticket portfolios - the most searched Canadian ETF comparison.
Overlap Summary
Bottom line
XEQT and VEQT overlap heavily for a Canadian pair: 86.0% of normalized fund weight is shared.
The Data
Exactly which securities XEQT and VEQT share
Licensed full Canadian holdings. Overlap = sum of lesser normalized weight for each shared security. Matching uses ISIN alone when present, then CUSIP, then ticker/name fallback. Separate from Guardfolio's US ETF overlap pages.
| Listings | TSX (XEQT); TSX (VEQT) |
|---|---|
| Fund dates | XEQT 2026-08-24; VEQT 2026-08-24 |
| Coverage gate | ≥97% retained per fund |
| Holding | XEQT | VEQT | Shared (min) |
|---|---|---|---|
| NVIDIA (NVDA) | 3.1% | 2.9% | 2.9% |
| APPLE (AAPL) | 2.7% | 2.9% | 2.7% |
| MICROSOFT (MSFT) | 2.2% | 2.2% | 2.2% |
| ROYAL BANK OF CANADA (RY.TO) | 2.0% | 2.5% | 2.0% |
| AMAZON.COM INC (AMZN) | 1.5% | 1.7% | 1.5% |
| TORONTO DOMINION (TD.TO) | 1.3% | 1.7% | 1.3% |
| SHOPIFY SUBORDINATE VOTING CLASS A (SHOP.TO) | 1.2% | 1.2% | 1.2% |
| ALPHABET CLASS A (GOOGL) | 1.2% | 1.3% | 1.2% |
| BROADCOM INC (AVGO) | 1.1% | 1.2% | 1.1% |
| ALPHABET CLASS C (GOOG) | 1.0% | 1.0% | 1.0% |
| BANK OF MONTREAL (BMO.TO) | 0.8% | 1.1% | 0.8% |
| ENBRIDGE (ENB.TO) | 0.8% | 1.0% | 0.8% |
| BANK OF NOVA SCOTIA (BNS.TO) | 0.7% | 0.9% | 0.7% |
| CANADIAN NATURAL RESOURCES LTD (CNQ.TO) | 0.7% | 0.8% | 0.7% |
| CANADIAN IMPERIAL BANK OF COMMERCE (CM.TO) | 0.7% | 0.9% | 0.7% |
| META PLATFORMS CLASS A (META) | 0.7% | 0.8% | 0.7% |
| AGNICO EAGLE MINES (AEM.TO) | 0.8% | 0.6% | 0.6% |
| TAIWAN SEMICONDUCTOR MANUFACTURING (2330.TW) | 0.6% | 1.1% | 0.6% |
| BROOKFIELD CLASS A (BN.TO) | 0.6% | 0.8% | 0.6% |
| ELI LILLY (LLY) | 0.6% | 0.6% | 0.6% |
| Total full-holdings overlap | 86.0% | ||
Showing top 20 of 6967 shared securities.
XEQT: 8290 holdings (99.521% coverage). VEQT: 12142 holdings (99.999% coverage). Educational only.
Canadian context
Why this TSX pair shows up in Canadian portfolios
iShares vs Vanguard all-equity one-ticket portfolios - the most searched Canadian ETF comparison. Investors on the TSX often hold one-ticket all-equity portfolios in TFSA and RRSP accounts. Tax wrappers do not change underlying security overlap.
FAQ
XEQT vs VEQT Canadian overlap: common questions
How much do XEQT and VEQT overlap?
XEQT (iShares Core Equity ETF Portfolio) and VEQT (Vanguard All-Equity ETF Portfolio) overlap by approximately 86.0% of normalized weight across licensed Canadian full holdings. They share 6967 securities; largest contributors include NVDA, AAPL, MSFT, RY.TO, AMZN.
What stocks do XEQT and VEQT both hold?
Both hold NVIDIA (NVDA), APPLE (AAPL), MICROSOFT (MSFT), ROYAL BANK OF CANADA (RY.TO), AMAZON (AMZN), TORONTO DOMINION (TD.TO), SHOPIFY SUBORDINATE VOTING CLASS A (SHOP.TO), ALPHABET CLASS A (GOOGL) among overlapping names, which drive the 86.0% weight overlap.
Is XEQT + VEQT diversified?
Not fully. At 86.0% overlap, much of XEQT and VEQT points at the same companies or underlying ETFs. A global Canadian core plus a US sleeve can still double-count mega-caps.
Are these the same as US VOO or a US-listed XEQT?
No. XEQT and VEQT are TSX-listed Canadian ETFs (TSX / TSX). Indexes can be similar to US funds, but tickers, currency and tax treatment differ. This page is in Guardfolio's Canadian cluster, not the US ETF overlap checker.
Related Canadian pages