EFA vs EWA overlap - what they share and where they differ
EFA and EWA share 7.2% of their weight across 41 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
EFA and EWA
7.2%
41 shared positions
EFA
iShares MSCI EAFE ETF
Reported positions cover 98% of the fund, 628 positions · Jul 31, 2026
Top 10: 14.4%·Holdings of EFA
EWA
iShares MSCI Australia ETF
Reported positions cover 92% of the fund, 41 positions · Aug 31, 2026
Top 10: 63.9%·Holdings of EWA
Reported positions cover EFA 98%, EWA 92% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
EWA vs EFA side by side
EFAiShares MSCI EAFE ETF
628
stock positions reported to the SEC
91.3% of its weight is in 587 names EWA does not hold
EWAiShares MSCI Australia ETF
41
stock positions reported to the SEC
0.0% of its weight is in 0 names EFA does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Basic Materials: EWA has 19.0 points more of it.
The figures side by side
| EFA | EWA | |
|---|---|---|
| Filing date | Jul 31, 2026 | Aug 31, 2026 |
| Stock positions reported | 628 | 41 |
| Weight of the ten largest | 14.4% | 63.9% |
| Largest position | ASML 2.9% | BHP 15.9% |
| Held alone | 587 positions, 91.3% | 0 positions, 0.0% |
| Covered by stock positions | 98% | 92% |
Holdings they share
| Stock | In EFA | In EWA | Counted |
|---|---|---|---|
| BHPBHP GROUP LIMITED | 0.97% | 15.91% | 0.97% |
| COMMONWEALTH BANK OF AUSTRALIA | 0.95% | 12.74% | 0.95% |
| RIORIO TINTO LIMITED | 0.67% | 3.09% | 0.67% |
| SUGPSuntory Beverage & Food Limited | 0.59% | 0.97% | 0.59% |
| WESTPAC BANKING CORPORATION | 0.41% | 5.63% | 0.41% |
| NATIONAL AUSTRALIA BANK LIMITED | 0.40% | 5.64% | 0.40% |
| ANZ GROUP HOLDINGS LIMITED | 0.36% | 5.34% | 0.36% |
| WESFARMERS LIMITED | 0.32% | 4.30% | 0.32% |
| MACQUARIE GROUP LIMITED | 0.29% | 4.32% | 0.29% |
| WDSWOODSIDE ENERGY GROUP LTD | 0.20% | 2.95% | 0.20% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in EFA
Only in EWA
Nothing among its reported positions that the others do not also hold.
Questions people ask
Is EFA the same as EWA?
7.2% of their weight sits in the same 41 holdings. EFA also reports ASML, HSBC, MUFG, which the other does not. Among its reported positions, EWA holds nothing the other does not also hold.
How is the overlap between EFA and EWA measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 98% of EFA and 92% of EWA, so the number cannot exceed the smaller coverage.
Which holds more, EWA or EFA?
EFA reports 628 stock positions and EWA reports 41. 91.3% of EFA's weight sits in names EWA does not hold, and 0.0% of EWA's weight in names EFA does not hold. The ten largest positions are 14.4% of EFA and 63.9% of EWA.
How do EFA and EWA differ by sector?
The widest gap is Basic Materials: EWA has 19.0 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.