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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

774 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
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
THE SWATCH GROUP AG May 12, 2026 Amend Articles Re: Hybrid General Meeting
Corporate Governance
Other Against AGAINST
7 funds
FOR
1 fund
THE TORONTO-DOMINION BANK April 16, 2026 SP 7: Report on AI-Use in High-Level Decision-Making, Risk Assessment and Loan Grants
Other Social Issues
Other Against AGAINST
5 funds
FOR
3 funds
TIANSHUI HUATIAN TECHNOLOGY CO LTD February 27, 2026 Approve Proposal on Whether This Transaction Constitutes a Related Party Transaction
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
1 fund
TONGLING NONFERROUS METALS GROUP CO LTD May 13, 2026 Approve the Estimated Daily Financial Related Party Transactions
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
1 fund
TRATON SE June 16, 2026 Amend Articles Re: Supervisory Board Chair Election; Place of Jurisdiction
Corporate Governance
Other For FOR
7 funds
AGAINST
1 fund
TRICO BANCSHARES May 21, 2026 Amendment to the Company's Bylaws to eliminate cumulative voting rights.
Shareholder Rights and Defenses
Other For FOR
15 funds
AGAINST
1 fund
Technoprobe SpA July 10, 2025 Approve Increase in Size of Board from 9 to 10
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
Technoprobe SpA July 10, 2025 Elect Chih-Kuang Yang as Director
Director Elections
Other None FOR
6 funds
AGAINST
1 fund
The Bank of Nova Scotia April 14, 2026 SP 6: Report on AI-Use in High-Level Decision-Making, Risk Assessment and Loan Grants
Other Social Issues
Other Against AGAINST
6 funds
FOR
3 funds
Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited May 15, 2026 Approve Proposed Entry into the Financial Services Agreement between the Company and Tianjin Pharmaceutical Group Finance Co., Ltd.
Corporate Governance
Other For FOR
4 funds
AGAINST
1 fund
Tohoku Electric Power Co., Inc. June 25, 2026 Amend Articles to Abolish Advisory Posts
Corporate Governance
Other Against AGAINST
6 funds
FOR
1 fund
Tokyo Electric Power Co. Holdings, Inc. June 25, 2026 Amend Articles to Require Individual Compensation Disclosure for Directors and Executive Officers
Compensation
Other Against AGAINST
5 funds
FOR
1 fund
Toyo Suisan Kaisha, Ltd. June 25, 2026 Approve Restricted Stock Plan
Compensation
Other Against AGAINST
6 funds
FOR
1 fund
Tsinghua Tongfang Co., Ltd. December 29, 2025 Approve Financial Service Agreement
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
Tsinghua Tongfang Co., Ltd. May 21, 2026 Approve Financial Service Agreement
Corporate Governance
Other For FOR
5 funds
AGAINST
1 fund
UNIGROUP GUOXIN MICROELECTRONICS CO., LTD. June 8, 2026 Approve Transaction Constitutes as Related Party Transaction
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
3 funds
VALLOUREC SA May 21, 2026 APPROVE COMPANY'S CLIMATE TRANSITION PLAN
Environment or Climate
Other For ABSTAIN
5 funds
FOR
1 fund
VIVID SEATS INC. July 21, 2025 Approval of the adjournment of the Special Meeting to a later date or dates, if necessary, to solicit additional proxies if there are insufficient votes to approve Proposal No. 1.
Corporate Governance
Other For AGAINST
8 funds
FOR
1 fund
VOYAGER TECHNOLOGIES, INC. May 29, 2026 To approve an adjournment of the Annual Meeting, if necessary, to solicit addition proxies if there are not sufficient votes at the time of the Annual Meeting to approve Proposal 3.
Extraordinary Transactions
Other For FOR
12 funds
AGAINST
3 funds
Venustech Group Inc. December 12, 2025 Approve Related Party Transaction
Corporate Governance
Other For FOR
4 funds
AGAINST
2 funds
Volvo AB April 8, 2026 Approve Publication of a Report on Company's Climate Policy Commitments and Alignment with the Paris Agreement
Environment or Climate
Other Against AGAINST
7 funds
FOR
4 funds
WANXIANG QIANCHAO CO LTD April 27, 2026 Approve Financial Services Framework Agreement
Extraordinary Transactions
Other For FOR
4 funds
AGAINST
1 fund
WESTPAC BANKING CORP December 11, 2025 Approve Transition Plan Approach and Climate Commitments
Environment or Climate
Other Against AGAINST
7 funds
FOR
4 funds
WOLTERS KLUWER N.V. May 21, 2026 Amend Articles of Association
Corporate Governance
Other For FOR
10 funds
AGAINST
7 funds
WOOLWORTHS GROUP LTD October 30, 2025 Approve Farmed Seafood Reporting
Environment or Climate
Other Against AGAINST
7 funds
FOR
4 funds
WULIANGYE YIBIN CO LTD June 26, 2026 Approve Supplementary Agreement to the Financial Services Agreement
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
2 funds
Whirlpool Of India Limited March 27, 2026 Approve Re-Designation of Anil Berera as Non-Executive Independent Director
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
YUNNAN ALUMINIUM CO LTD April 17, 2026 Approve Financial Service Agreement and Related Party Transaction
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
1 fund
YUNNAN YUNTIANHUA CO LTD February 11, 2026 Approve Related Party Transaction
Extraordinary Transactions
Other For FOR
6 funds
AGAINST
1 fund
Yakult Honsha Co., Ltd. June 24, 2026 Approve Restricted Stock Plan
Compensation
Other Against AGAINST
7 funds
FOR
1 fund
Youngor Fashion Co., Ltd. May 21, 2026 Approve Related Party Transaction with Related Bank
Corporate Governance
Other For FOR
7 funds
AGAINST
1 fund
Yunnan Copper Co., Ltd. August 6, 2025 Approve Transaction Constitute as Related Party Transactions
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
Yunnan Copper Co., Ltd. August 6, 2025 Approve White Wash Waiver
Shareholder Rights and Defenses
Other For FOR
6 funds
AGAINST
1 fund
Yunnan Yuntianhua Co., Ltd. July 3, 2025 Approve the Signing of Financial Services Agreement and Related Party Transaction
Corporate Governance
Other For FOR
7 funds
AGAINST
1 fund
ZHEJIANG JUHUA CO LTD May 15, 2026 Approve Related Party Transactions
Extraordinary Transactions
Other For FOR
5 funds
AGAINST
1 fund
ZHONGJIN GOLD CO LTD June 23, 2026 Approve Related Party Transaction
Extraordinary Transactions
Other For FOR
6 funds
AGAINST
1 fund
Zangge Mining Co., Ltd. July 8, 2025 Approve Financial Service Agreement
Corporate Governance
Other For FOR
7 funds
AGAINST
3 funds
Zhejiang Chint Electrics Co., Ltd. November 4, 2025 Approve Financial Service Agreement
Corporate Governance
Other For FOR
6 funds
AGAINST
4 funds
Zhejiang Juhua Co., Ltd. December 23, 2025 Approve Related Party Transaction
Corporate Governance
Other For FOR
6 funds
AGAINST
1 fund
Zhejiang Zheneng Electric Power Co., Ltd. December 30, 2025 Approve Related Party Transaction
Corporate Governance
Other For FOR
6 funds
AGAINST
3 funds
Zhen Ding Technology Holding Ltd. May 29, 2026 Amend Procedures Governing the Acquisition or Disposal of Assets
Corporate Governance
Other For FOR
7 funds
AGAINST
3 funds
ABBVIE INC. May 8, 2026 Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Corporate Governance
Other Against Split
3 FOR, 40 AGAINST
FOR
17 funds
ADOBE INC. April 15, 2026 Stockholder Proposal Regarding Vote on Golden Parachutes.
Compensation
Other Against Split
9 FOR, 29 AGAINST
AGAINST
18 funds

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← All 20 managers, 2025-2026

How items are matched and positions counted: see the comparison table and the methodology. Built October 18, 2026 from SEC Form N-PX filings.