EFA vs FENI overlap - what they share and where they differ
EFA and FENI share 50.4% of their weight across 273 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 FENI
50.4%
273 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
FENI
Fidelity Enhanced International ETF
Reported positions cover 98% of the fund, 338 positions · Jun 30, 2026
Top 10: 17.6%·Holdings of FENI
Reported positions cover EFA 98%, FENI 98% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
FENI vs EFA side by side
EFAiShares MSCI EAFE ETF
628
stock positions reported to the SEC
34.3% of its weight is in 355 names FENI does not hold
FENIFidelity Enhanced International ETF
338
stock positions reported to the SEC
14.4% of its weight is in 65 names EFA does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Consumer Cyclical: EFA has 2.2 points more of it.
The figures side by side
| EFA | FENI | |
|---|---|---|
| Filing date | Jul 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 628 | 338 |
| Weight of the ten largest | 14.4% | 17.6% |
| Largest position | ASML 2.9% | ASML 4.1% |
| Held alone | 355 positions, 34.3% | 65 positions, 14.4% |
| Covered by stock positions | 98% | 98% |
Holdings they share
| Stock | In EFA | In FENI | Counted |
|---|---|---|---|
| ASMLASML Holding N.V. | 2.90% | 4.05% | 2.90% |
| HSBCHSBC HOLDINGS PLC | 1.66% | 1.75% | 1.66% |
| ROCHE HOLDING AG | 1.45% | 1.71% | 1.45% |
| NESTLE S.A. | 1.17% | 1.74% | 1.17% |
| SHELSHELL PLC | 1.17% | 1.46% | 1.17% |
| NVSNovartis AG | 1.30% | 1.10% | 1.10% |
| SIEMENS AKTIENGESELLSCHAFT | 1.10% | 1.61% | 1.10% |
| MUFGMitsubishi Corporation | 1.49% | 1.01% | 1.01% |
| BHPBHP GROUP LIMITED | 0.97% | 1.31% | 0.97% |
| BANCO SANTANDER, S.A. | 0.93% | 0.88% | 0.88% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in EFA
Only in FENI
Questions people ask
Is EFA the same as FENI?
50.4% of their weight sits in the same 273 holdings. EFA also reports COMMONWEALTH BANK OF AUSTRALIA, SCHNEIDER ELECTRIC SE, NVO, which the other does not. FENI also reports BNP PARIBAS, NOK, INVESTOR AB, which the other does not.
How is the overlap between EFA and FENI 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 98% of FENI, so the number cannot exceed the smaller coverage.
Which holds more, FENI or EFA?
EFA reports 628 stock positions and FENI reports 338. 34.3% of EFA's weight sits in names FENI does not hold, and 14.4% of FENI's weight in names EFA does not hold. The ten largest positions are 14.4% of EFA and 17.6% of FENI.
How do EFA and FENI differ by sector?
The widest gap is Consumer Cyclical: EFA has 2.2 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.