SML2 vs VWCE: fund overlap

ETF comparisons  /  SML2 vs VWCE

equity comparison · SML2 2026-08-28 · VWCE 2026-08-31

SML2 vs VWCE

Invesco S&P 500 UCITS ETF ETFS compared with Vanguard FTSE All-World UCITS ETF (USD) Accumulating

The funds share a substantial core but differ outside it.SML2 has 71 companies outside the overlap; VWCE has 3,267.

Do SML2 and VWCE overlap?

SML2 and VWCE overlap by 57.3% by weight, across 429 shared companies.

SML2equity

Invesco S&P 500 UCITS ETF ETFS

503holdings
0.05%annual fee
Europemarket
Valuation493 companies covered
26.3×P / E98% by weight
5.15×P / B85% by weight
3.8%Earnings yield
SML2 holdings and fund profile
VWCEequity

Vanguard FTSE All-World UCITS ETF (USD) Accumulating

4,093holdings
0.14%annual fee
Europemarket
Valuation2,816 companies covered
19.6×P / E91% by weight
3.02×P / B83% by weight
5.1%Earnings yield
VWCE holdings and fund profile

Price development

Both lines rebased to 0% over their shared dates

Largest shared positions

429 companies held in both funds

SML2 weight VWCE weight
Shared companySML2 VWCE
NVIDIA CORP NVDA
7.71%
4.77%
Apple Inc AAPL
6.93%
4.24%
Microsoft Corp MSFT
5.66%
3.49%
AMAZON.COM INC AMZN
3.81%
2.33%
BROADCOM INC AVGO
2.54%
1.59%
ALPHABET INC GOOGL 2 share classes
5.37%
1.44%
↳ ALPHABET INC-CL A GOOGL3.03%0.00%
↳ ALPHABET INC-CL C GOOG2.34%1.44%
META PLATFORMS INC-CLASS A META
1.85%
1.17%
Micron Technology Inc MU
1.56%
1.00%
TESLA INC TSLA
1.46%
1.00%
JPMorgan Chase & Co JPM
1.37%
0.88%
ELI LILLY & CO LLY
1.37%
0.85%
BERKSHIRE HATHAWAY INC. BRK/B 2 share classes
1.37%
0.85%
↳ BERKSHIRE HATHAWAY INC. BRK/B1.37%0.70%
↳ Berkshire Hathaway Inc BRK0.00%0.15%
ADVANCED MICRO DEVICES AMD
1.07%
0.71%
ExxonMobil Holdings Corporation 2670549D
0.98%
0.62%
JOHNSON & JOHNSON JNJ
0.98%
0.59%
Visa Inc V
0.98%
0.58%
Mastercard Inc MA
0.68%
0.44%
WALMART INC. WMT
0.68%
0.43%
AbbVie Inc ABBV
0.68%
0.42%
CISCO SYSTEMS, INC. CSCO
0.68%
0.40%
Costco Wholesale Corp COST
0.59%
0.39%
PALANTIR TECHNOLOGIES INC-A PLTR
0.59%
0.38%
Intel Corp INTC
0.68%
0.38%
Bank of America Corp BAC
0.59%
0.38%
Chevron Corp CVX
0.59%
0.35%

SML2 and VWCE questions

Based on the holdings compared above

How much do SML2 and VWCE overlap?

SML2 and VWCE overlap by 57.3% by weight, across 429 shared companies.

Which companies do SML2 and VWCE both hold?

The largest companies held in both funds are NVIDIA CORP, Apple Inc, Microsoft Corp, AMAZON.COM INC, BROADCOM INC.

Can I hold both SML2 and VWCE?

Holding both means 57.3% of that part of your portfolio is the same companies counted twice. That can suit you or not depending on your goals; this tool reports the overlap rather than giving advice.

Is SML2 or VWCE cheaper?

SML2 has a 0.05% expense ratio and VWCE has 0.14%.

How do SML2 and VWCE compare on valuation?

SML2 has a weighted P/E of 26.3 and VWCE has a weighted P/E of 19.6.

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