For height, under an estimated CGR of 0.97, the expected relative loss in the number of genome-wide significant hits is 8–9%, whereas, for years of education, under an estimated CGR of 0.78, we expect a relative loss of 51–62% in the number of hits. Moreover, we find that the relative loss in PGS R2 is expected to be 6–7% for height and 36–38% for years of education. Hence, our findings show that cross-study heterogeneity attenuates the statistical power and PGS accuracy considerably, thus, contributing substantially to the missing heritability, and, more specifically, to the ‘hiding heritability’ [15–17]—defined as the difference between the SNP-based heritability estimate [35] and the proportion of phenotypic variation explained by genetic variants that reach genome-wide significance in a GWAS.