EUFN vs EWG overlap - what they share and where they differ

EUFN and EWG share 12.5% of their weight across 7 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.

EUFN and EWG

12.5%

7 shared positions

EUFN

iShares MSCI Europe Financials ETF

Reported positions cover 99% of the fund, 83 positions · Apr 30, 2026

Top 10: 42.3%·Holdings of EUFN

EWG

iShares MSCI Germany ETF

Reported positions cover 100% of the fund, 52 positions · May 31, 2026

Top 10: 62.4%·Holdings of EWG

Reported positions cover EUFN 99%, 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 EUFN side by side

EUFNiShares MSCI Europe Financials ETF

83

stock positions reported to the SEC

86.2% of its weight is in 76 names EWG does not hold

EWGiShares MSCI Germany ETF

52

stock positions reported to the SEC

79.1% of its weight is in 45 names EUFN does not hold

Where each fund's weight sits

EUFN
EWG
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Financial Services
32.0%
3.0%
Technology
0.7%
9.7%
Consumer Cyclical
0.0%
3.5%
Basic Materials
2.4%
0.0%
Healthcare
0.0%
1.9%
Energy
0.5%
0.0%

The widest gap is Financial Services: EUFN has 29.0 points more of it.

The figures side by side

EUFNEWG
Filing dateApr 30, 2026May 31, 2026
Stock positions reported8352
Weight of the ten largest42.3%62.4%
Largest positionHSBC 9.3%SIEMENS AKTIENGESELLSCHAFT 12.0%
Held alone76 positions, 86.2%45 positions, 79.1%
Covered by stock positions99%100%

Holdings they share

StockIn EUFNIn EWGCounted
ALLIANZ SE5.13%8.47%5.13%
MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AKTIENGESELLSCHAFT IN MUENCHEN2.31%3.45%2.31%
DEUTSCHE BOERSE AKTIENGESELLSCHAFT1.71%2.73%1.71%
DBDeutsche Bank Aktiengesellschaft1.67%2.96%1.67%
COMMERZBANK AKTIENGESELLSCHAFT.0.90%1.58%0.90%
HANNOVER RUECK SE0.54%0.82%0.54%
TALANX AKTIENGESELLSCHAFT0.25%0.39%0.25%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in EUFN

HSBCHSBC HOLDINGS PLC9.34%
SANBanco Santander, S.A.5.30%
UBSUBS Group AG4.15%
BBVABanco Bilbao Vizcaya Argentaria, S.A.3.73%
UNICREDIT, SOCIETA PER AZIONI3.20%
BNP PARIBAS SA3.12%
ZURICH INSURANCE GROUP AG3.02%
INTESA SANPAOLO SPA2.80%
ING GROEP N.V.2.50%
BCSBARCLAYS PLC2.40%

Only in EWG

SIEMENS AKTIENGESELLSCHAFT11.97%
SAPSAP SE9.49%
SIEMENS ENERGY AG7.37%
INFINEON TECHNOLOGIES AG6.22%
DEUTSCHE TELEKOM AG6.21%
RHRheinmetall Aktiengesellschaft3.48%
DEUTSCHE POST AG2.75%
BASF SE2.66%
E.ON SE2.40%
MERCEDES-BENZ GROUP AG2.20%

Questions people ask

Is EUFN the same as EWG?

12.5% of their weight sits in the same 7 holdings. EUFN also reports HSBC, SAN, UBS, which the other does not. EWG also reports SIEMENS AKTIENGESELLSCHAFT, SAP, SIEMENS ENERGY AG, which the other does not.

How is the overlap between EUFN 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 99% of EUFN and 100% of EWG, so the number cannot exceed the smaller coverage.

Which holds more, EWG or EUFN?

EUFN reports 83 stock positions and EWG reports 52. 86.2% of EUFN's weight sits in names EWG does not hold, and 79.1% of EWG's weight in names EUFN does not hold. The ten largest positions are 42.3% of EUFN and 62.4% of EWG.

How do EUFN and EWG differ by sector?

The widest gap is Financial Services: EUFN has 29.0 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.