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Vanguard vs DWS: how alike they voted, 2025-2026

94.2% When both took a single position, they voted the same way on 94.2% of 74,968 items (70,652 the same, 4,316 different). 2,080 items where at least one of them split its funds are listed separately below. Both voted on 77,048 items in all.

Vanguard 2025-2026 · DWS 2025-2026 · Download the item list (CSV)

By who put the item on the ballot. “Same position” = Same / (Same + Differ); split items are not in it. “Fund-level” is a second view over all common items: the chance that a fund of each manager, picked at random, voted the same way, which gives partial credit where a manager split.
Common itemsSame DifferSplit (not in %)Same position Fund-level
All ballot items 77,04870,6524,316 2,08094.2%93.2%
Board proposals 59,12053,5623,775 1,78393.4%92.3%
E&S shareholder proposals 17310943 2171.7%67.7%
Other items 17,75516,981498 27697.2%96.4%

Where they did not vote alike

Everything Voted differently Split votes

All ballot items Board proposals E&S shareholder proposals Other items

6,396 items. “Voted differently”: each manager’s funds all voted one way, and the two ways differ. “Split”: at least one manager’s funds did not all vote the same way.

CompanyMeetingProposalOn the ballot from Board recommendedVanguardDWS
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Independence of Appraiser, the Validity of Hypothesis, the Relevance of Valuation Purpose and Approach as Well as the Fairness of Pricing
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Initial Conversion Price Adjustment Mechanism
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Interest Rates and Repayment Manner on Convertible Corporate Bonds
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Issue Manner and Target Subscribers
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Issue Size and Quantity
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Lock-Up Period Arrangement
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Number of Shares Converted
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Pricing Reference Date, Pricing Basis and Issue Price
Capital Structure
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Principles of Bondholders Meeting
Capital Structure
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Purchase and Sale of Assets Within 12 Months Before this Transaction
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Share Type, Par Value and Listing Exchange
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Signing of Supplemental Agreement to the Issuance of Convertible Corporate Bonds to Purchase Assets Agreement
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Source of Shares Converted
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Stock price Fluctuations of the Company Within 20 Trading Days prior to the Initial Announcement of the Transaction
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Target Subscribers
Capital Structure
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Terms of Redemption
Capital Structure
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Transaction Complies With Article 4 of Guidelines for the Supervision of Listed Companies No. 9 - Regulatory Requirements for Listed Companies to Plan and Implement Major Asset Restructuring
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Transaction Complies with Article 11, 13, 14 of Measures for the Administration of Registration of Securities Issuance by Listed Companies
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Transaction Complies with Article 11, 43, 44 of Measures for the Administration of Major Asset Restructuring of Listed Companies
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Transaction Complies with Article 18 Measures for the Continuous Supervision, Article 8 Rules for Reviewing Major Asset Restructuring, and Article 5 Rules for Issuing Convertible Corporate Bonds to Specific Targets to Purchase Assets
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Transaction Complies with Article 4 of the Rules for Listed Companies Issuing Convertible Corporate Bonds to Purchase Assets from Specific Targets
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Transaction Does Not Constitute as Major Asset Restructuring and Restructuring for Listing
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Transaction Does Not Constitute as Related-Party Transaction
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Transaction Does Not Exist in Article 12 of Guidelines for the Supervision of Listed Companies No. 7, Relevant Standards of the Self-regulatory Guidelines for Listed Companies of Shanghai Stock Exchange No. 6 - Major Assets Restructuring
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Trusteeship of Convertible Corporate Bonds, Liability for Default, and Dispute Resolution Mechanism
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Use of Proceeds
Corporate Governance
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve Valuation of the Target Assets
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
3 funds
RANGE INTELLIGENT COMPUTING TECHNOLOGY GROUP COMPA May 8, 2026 Approve to Formulate the Principles of Bondholders Meeting
Capital Structure
Other For FOR
4 funds
AGAINST
3 funds
ROOT, INC. June 3, 2026 To approve an amendment to the Company's Amended and Restated Certificate of Incorporation, as amended, to allow for exculpation of certain officers.
Director Elections
Other For FOR
9 funds
AGAINST
1 fund
Rinnai Corp. June 26, 2026 Approve Restricted Stock Plan
Compensation
Other Against AGAINST
7 funds
FOR
1 fund
Rohto Pharmaceutical Co., Ltd. June 24, 2026 Amend Articles to Restore Shareholder Authority to Vote on Income Allocation and Share Buybacks
Capital Structure
Other Against AGAINST
7 funds
FOR
1 fund
Rohto Pharmaceutical Co., Ltd. June 24, 2026 Approve Restricted Stock Plan
Compensation
Other Against AGAINST
7 funds
FOR
1 fund
Royal Bank of Canada April 9, 2026 SP 10: Report on Loans Made by the Bank in Support of the Circular Economy
Environment or Climate
Other Against AGAINST
7 funds
FOR
3 funds
Royal Bank of Canada April 9, 2026 SP 7: Report on AI-Use in High-Level Decision-Making, Risk Assessment and Loan Grants
Other Social Issues
Other Against AGAINST
7 funds
FOR
3 funds
Ruentex Development Co., Ltd. May 20, 2026 Approve Release of Restrictions of Competitive Activities of Directors
Corporate Governance
Other For AGAINST
8 funds
FOR
1 fund
SAIC MOTOR CORPORATION LTD June 26, 2026 Approve Renewal of the Financial Services Framework Agreement
Extraordinary Transactions
Other For FOR
6 funds
AGAINST
2 funds
SAIC MOTOR CORPORATION LTD June 26, 2026 Approve Renewal of the Framework Agreement for Daily Related Party Transactions
Extraordinary Transactions
Other For FOR
6 funds
AGAINST
2 funds
SAIC MOTOR CORPORATION LTD June 26, 2026 Approve Report of the Board of Directors
Corporate Governance
Other For FOR
6 funds
AGAINST
2 funds
SAIC Motor Corp. Ltd. December 30, 2025 Approve Related Party Transaction
Corporate Governance
Other For FOR
6 funds
AGAINST
3 funds
SAIC Motor Corp. Ltd. December 30, 2025 Approve Related Party Transaction with SAIC Motor Finance Co., Ltd.
Corporate Governance
Other For FOR
6 funds
AGAINST
3 funds
SCHOTT PHARMA AG & CO. KGAA February 3, 2026 APPROVE VIRTUAL-ONLY SHAREHOLDER MEETINGS UNTIL 2029
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
SDIC CAPITAL CO., LTD. June 3, 2026 Approve Related Party Transaction
Extraordinary Transactions
Other For FOR
6 funds
AGAINST
2 funds
SDIC CAPITAL CO., LTD. June 3, 2026 Approve Signing of Financial Services Agreement and Related Party Transaction
Extraordinary Transactions
Other For FOR
6 funds
AGAINST
2 funds
SDIC POWER HOLDINGS CO LTD April 28, 2026 Approve Financial Service Agreement
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
2 funds
SDIC Power Holdings Co., Ltd. January 5, 2026 Approve Related Party Transaction
Corporate Governance
Other For FOR
6 funds
AGAINST
3 funds
SELLAS LIFE SCIENCES GROUP, INC. June 16, 2026 The approval of any postponement or adjournment of the 2026 Annual Meeting, from time to time, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the 2026 Annual Meeting to adopt the proposals set forth above or to establish a quorum.
Corporate Governance
Other For FOR
8 funds
AGAINST
1 fund
SERVICE CORPORATION INTERNATIONAL May 6, 2026 To approve an amendment to the Articles of Incorporation to limit the liability of officers as permitted by law.
Director Elections
Other For FOR
27 funds
AGAINST
2 funds
SEVERN TRENT PLC July 10, 2025 Approve Net Zero Transition Plan
Environment or Climate
Other For ABSTAIN
7 funds
FOR
7 funds
SHAANXI COAL INDUSTRY COMPANY LIMITED June 11, 2026 Approve Related Party Transactions
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
2 funds
SHANDONG GOLD MINING CO LTD June 26, 2026 Approve Supplemental Agreement to the New Financial Services Framework Agreement
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
3 funds
SHANGHAI ELECTRIC POWER CO LTD May 28, 2026 Approve Financial Service Agreement
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
1 fund
SHANGHAI ELECTRIC POWER CO LTD May 28, 2026 Approve Related Party Transaction
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
1 fund
SHANXI COKING COAL ENERGY GROUP CO., LTD. May 28, 2026 Approve Signing the Financial Services Agreement
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
2 funds
SHANXI LU'AN ENVIRONMENTAL ENERGY DEVELOPMENT CO L May 20, 2026 Approve Financial Service Agreement
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
1 fund
SHANXI LU'AN ENVIRONMENTAL ENERGY DEVELOPMENT CO L May 20, 2026 Approve Related Party Transaction
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
1 fund
SHIMAMURA Co., Ltd. May 15, 2026 Approve Additional Dividend so that Dividend per Share Equals to 60 Percent of Earnings per Share
Capital Structure
Other Against AGAINST
6 funds
FOR
1 fund
SIG GROUP AG April 16, 2026 APPROVE VIRTUAL-ONLY SHAREHOLDER MEETINGS
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
SIXT SE June 17, 2026 APPROVE DISCHARGE OF MANAGEMENT BOARD FOR FISCAL YEAR 2025
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
SIXT SE June 17, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER ERICH SIXT FOR FISCAL YEAR 2025
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
SOMPO HOLDINGS,INC. June 22, 2026 Amend Articles to Appoint Outside Director as Chairman of the Board
Corporate Governance
Other Against AGAINST
8 funds
FOR
7 funds
SOUTH32 LTD October 23, 2025 Approve Climate Change Action Plan 2025
Environment or Climate
Other For ABSTAIN
6 funds
FOR
6 funds
SSE PLC July 17, 2025 Approve Net Zero Transition Report
Environment or Climate
Other For ABSTAIN
6 funds
FOR
7 funds
STRAWBERRY FIELDS REIT INC. May 7, 2026 To approve adjournment of the Annual Meeting, if necessary.
Corporate Governance
Other For FOR
7 funds
AGAINST
1 fund
Sakura Development Co., Ltd. June 16, 2026 Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
Sasol Ltd. November 14, 2025 Approve Climate Change Report
Environment or Climate
Other For ABSTAIN
7 funds
FOR
2 funds
Seven & i Holdings Co., Ltd. May 27, 2026 Amend Articles to Allow Virtual Only Shareholder Meetings
Corporate Governance
Other For FOR
7 funds
AGAINST
4 funds
Shaanxi Coal Industry Co., Ltd. November 18, 2025 Approve Related Party Transactions
Corporate Governance
Other For FOR
6 funds
AGAINST
3 funds
Shandong Hi-speed Co., Ltd. April 24, 2026 Approve Related Party Transaction
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
Shandong Nanshan Aluminum Co., Ltd. November 17, 2025 Approve Related Party Transaction with Nanshan Group Finance Co., Ltd.
Corporate Governance
Other For FOR
6 funds
AGAINST
2 funds
Shanghai Baosight Software Co., Ltd. December 29, 2025 Approve Financial Service Agreement
Corporate Governance
Other For FOR
7 funds
AGAINST
4 funds
Shanghai Baosight Software Co., Ltd. December 29, 2025 Approve Related Party Transaction
Corporate Governance
Other For FOR
7 funds
AGAINST
4 funds
Shanghai Belling Co., Ltd. January 30, 2026 Approve Related Party Transaction
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Shanghai Electric Group Company Limited December 15, 2025 Approve Continuing Connected Transactions and Proposed Annual Caps under the Financial Services Framework Agreement
Corporate Governance
Other For FOR
5 funds
AGAINST
2 funds
Shanghai Junshi Biosciences Co., Ltd. September 29, 2025 Approve Grant of H Share Options to Yao Sheng Upon the Adoption of the 2025 H Share Option Incentive Scheme
Compensation
Other For FOR
5 funds
AGAINST
1 fund
Shanghai Junshi Biosciences Co., Ltd. September 29, 2025 Approve Grant of H Share Options to Zhang Zhuobing Upon the Adoption of the 2025 H Share Option Incentive Scheme
Compensation
Other For FOR
5 funds
AGAINST
1 fund
Shanghai Yuyuan Tourist Mart Group Co., Ltd. April 20, 2026 Approve Related Party Transactions on Sales and Purchases of Goods, Provision and Receiving Services
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Shanxi Coking Coal Energy Group Co., Ltd. December 29, 2025 Approve Related Party Transaction
Corporate Governance
Other For FOR
6 funds
AGAINST
3 funds
Shanxi Lu'An Environmental Energy Development Co., Ltd. January 9, 2026 Approve Related Party Transaction
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
Shanxi Taigang Stainless Steel Co., Ltd. December 19, 2025 Approve Related-party Transactions Related to Daily Operations
Corporate Governance
Other For FOR
4 funds
AGAINST
1 fund
Shanxi Taigang Stainless Steel Co., Ltd. December 19, 2025 Approve Signing a Financial Services Agreement
Corporate Governance
Other For FOR
4 funds
AGAINST
1 fund
Shenzhen Kaifa Technology Co., Ltd. May 28, 2026 Approve Comprehensive Financial Cooperation Agreement
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. December 10, 2025 Approve Financial Services Agreement
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Shopify Inc. June 16, 2026 Adopt a Policy on Responsible Use of Artificial Intelligence ("AI") in the Company's Business and Operations
Other Social Issues
Other Against AGAINST
7 funds
FOR
7 funds
Sims Limited November 21, 2025 Approve Advisory Vote on Climate Strategy
Environment or Climate
Other For ABSTAIN
6 funds
FOR
1 fund
State Grid Information & Communication Co., Ltd. June 29, 2026 Approve Financial Services Related Party Transactions and Signing the Financial Business Service Agreement
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Suncor Energy Inc. May 5, 2026 SP 1: Report on Sustainability
Corporate Governance
Other Against AGAINST
5 funds
FOR
6 funds
TARGET CORPORATION June 10, 2026 Shareholder proposal requesting policy requiring the Board Chair to be an independent director.
Corporate Governance
Other Against AGAINST
36 funds
FOR
16 funds
TBS Holdings, Inc. June 26, 2026 Approve Additional Dividend so that Dividend Equals to 60 Percent of Earnings per Share
Capital Structure
Other Against AGAINST
6 funds
FOR
1 fund
TBS Holdings, Inc. June 26, 2026 Initiate Share Repurchase Program
Capital Structure
Other Against AGAINST
6 funds
FOR
1 fund
TCL ZHONGHUAN RENEWABLE ENERGY TECHNOLOGY CO., LTD January 23, 2026 Approve Related Party Transaction
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
2 funds
TCL ZHONGHUAN RENEWABLE ENERGY TECHNOLOGY CO., LTD April 15, 2026 Approve Financial Service Agreement and Adjustment of Related Party Transaction
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
2 funds
TELEPHONE AND DATA SYSTEMS, INC. May 21, 2026 Approval of an amendment to the Company's Restated Certificate of Incorporation to provide for exculpation of officers
Director Elections
Other For FOR
23 funds
AGAINST
1 fund
TESLA, INC. November 6, 2025 A shareholder proposal regarding adopting targets and reporting on metrics to assess the feasibility of integrating sustainability metrics into senior executive compensation plans.
Compensation
Other Against AGAINST
38 funds
FOR
12 funds
TESSENDERLO GROUP N.V. May 12, 2026 APPROVE DISCHARGE OF DIRECTORS
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
THE COCA-COLA COMPANY April 29, 2026 Vote on a shareowner proposal requesting a report on the Company's plans to increase sustainability disclosure
Environment or Climate
Other Against AGAINST
47 funds
FOR
12 funds
THE ESTEE LAUDER COMPANIES INC. November 13, 2025 Approval of Amendments to the Restated Certificate of Incorporation to Eliminate the Monetary Liability of Certain Officers as Permitted by Delaware Law and to Make Certain Miscellaneous Changes to Article IV thereof.
Director Elections
Other For FOR
28 funds
AGAINST
12 funds
THE KANSAI ELECTRIC POWER COMPANY,INCORPORATED June 25, 2026 Amend Articles to Require Individual Compensation Disclosure for Executive Officers
Compensation
Other Against AGAINST
6 funds
FOR
6 funds
THE SWATCH GROUP AG May 12, 2026 Amend Articles Re: Auditor Rotation Every Ten Years
Audit-related
Other Against AGAINST
7 funds
FOR
1 fund
THE SWATCH GROUP AG May 12, 2026 Amend Articles Re: Board Chair Requirement
Corporate Governance
Other Against AGAINST
7 funds
FOR
1 fund
THE SWATCH GROUP AG May 12, 2026 Amend Articles Re: Chair of the Compensation Committee
Corporate Governance
Other Against AGAINST
7 funds
FOR
1 fund

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How items are matched and positions counted: see the comparison table and the methodology. Built October 25, 2026 from SEC Form N-PX filings.