EFA vs EWG overlap - what they share and where they differ
EFA and EWG share 8.9% of their weight across 51 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 EWG
8.9%
51 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
EWG
iShares MSCI Germany ETF
Reported positions cover 100% of the fund, 51 positions · Aug 31, 2026
Top 10: 63.0%·Holdings of EWG
Reported positions cover EFA 98%, EWG 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
EWG vs EFA side by side
EFAiShares MSCI EAFE ETF
628
stock positions reported to the SEC
89.6% of its weight is in 577 names EWG does not hold
EWGiShares MSCI Germany ETF
51
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 Technology: EWG has 5.5 points more of it.
The figures side by side
| EFA | EWG | |
|---|---|---|
| Filing date | Jul 31, 2026 | Aug 31, 2026 |
| Stock positions reported | 628 | 51 |
| Weight of the ten largest | 14.4% | 63.0% |
| Largest position | ASML 2.9% | SIEMENS AKTIENGESELLSCHAFT 12.2% |
| Held alone | 577 positions, 89.6% | 0 positions, 0.0% |
| Covered by stock positions | 98% | 100% |
Holdings they share
| Stock | In EFA | In EWG | Counted |
|---|---|---|---|
| SIEMENS AKTIENGESELLSCHAFT | 1.10% | 12.19% | 1.10% |
| SAPSAP SE | 0.87% | 11.38% | 0.87% |
| ALLIANZ SE | 0.86% | 9.82% | 0.86% |
| SIEMENS ENERGY AG | 0.60% | 6.32% | 0.60% |
| DEUTSCHE TELEKOM AG | 0.48% | 5.59% | 0.48% |
| INFINEON TECHNOLOGIES AG | 0.42% | 4.22% | 0.42% |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AKTIENGESELLSCHAFT IN MUENCHEN | 0.35% | 3.89% | 0.35% |
| DBDeutsche Bank Aktiengesellschaft | 0.30% | 3.60% | 0.30% |
| DEUTSCHE POST AG | 0.28% | 2.96% | 0.28% |
| RHRheinmetall Aktiengesellschaft | 0.28% | 2.97% | 0.28% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in EFA
Only in EWG
Nothing among its reported positions that the others do not also hold.
Questions people ask
Is EFA the same as EWG?
8.9% of their weight sits in the same 51 holdings. EFA also reports ASML, HSBC, MUFG, which the other does not. Among its reported positions, EWG holds nothing the other does not also hold.
How is the overlap between EFA and EWG 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 100% of EWG, so the number cannot exceed the smaller coverage.
Which holds more, EWG or EFA?
EFA reports 628 stock positions and EWG reports 51. 89.6% of EFA's weight sits in names EWG does not hold, and 0.0% of EWG's weight in names EFA does not hold. The ten largest positions are 14.4% of EFA and 63.0% of EWG.
How do EFA and EWG differ by sector?
The widest gap is Technology: EWG has 5.5 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.