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

EUFN and EWU share 23.6% of their weight across 14 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 EWU

23.6%

14 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

EWU

iShares MSCI United Kingdom ETF

Reported positions cover 99% of the fund, 71 positions · May 31, 2026

Top 10: 52.4%·Holdings of EWU

Reported positions cover EUFN 99%, EWU 99% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

EWU vs EUFN side by side

EUFNiShares MSCI Europe Financials ETF

83

stock positions reported to the SEC

75.0% of its weight is in 69 names EWU does not hold

EWUiShares MSCI United Kingdom ETF

71

stock positions reported to the SEC

73.9% of its weight is in 57 names EUFN does not hold

Where each fund's weight sits

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

Largest sectors for both funds

Financial Services
32.0%
18.7%
Healthcare
0.0%
12.6%
Energy
0.5%
11.0%
Consumer Defensive
0.4%
6.9%
Basic Materials
2.4%
3.7%
Technology
0.7%
0.0%

The widest gap is Financial Services: EUFN has 13.3 points more of it.

The figures side by side

EUFNEWU
Filing dateApr 30, 2026May 31, 2026
Stock positions reported8371
Weight of the ten largest42.3%52.4%
Largest positionHSBC 9.3%HSBC 10.1%
Held alone69 positions, 75.0%57 positions, 73.9%
Covered by stock positions99%99%

Holdings they share

StockIn EUFNIn EWUCounted
HSBCHSBC HOLDINGS PLC9.34%10.06%9.34%
BCSBARCLAYS PLC2.40%2.64%2.40%
LYGLLOYDS BANKING GROUP PLC2.37%2.51%2.37%
NWGNATWEST GROUP PLC1.88%2.01%1.88%
LONDON STOCK EXCHANGE GROUP PLC1.76%1.73%1.73%
STANDARD CHARTERED PLC1.44%1.60%1.44%
PUKPRUDENTIAL PUBLIC LIMITED COMPANY1.13%1.13%1.13%
3I GROUP PLC1.02%0.94%0.94%
AVIVA PLC0.77%0.78%0.77%
LEGAL & GENERAL GROUP PLC0.58%0.65%0.58%

What each holds alone

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

Only in EUFN

SANBanco Santander, S.A.5.30%
ALLIANZ SE5.13%
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%
AXTAAXA SA2.38%

Only in EWU

AZNASTRAZENECA PLC8.98%
SHELSHELL PLC7.51%
ROLLS-ROYCE HOLDINGS PLC4.71%
BRITISH AMERICAN TOBACCO P.L.C.4.20%
ULUNILEVER PLC3.83%
RIORIO TINTO PLC3.74%
BPBP P.L.C.3.47%
GSKGSK PLC3.21%
BAE SYSTEMS PLC2.55%
NGGNATIONAL GRID PLC2.49%

Questions people ask

Is EUFN the same as EWU?

23.6% of their weight sits in the same 14 holdings. EUFN also reports SAN, ALLIANZ SE, UBS, which the other does not. EWU also reports AZN, SHEL, ROLLS-ROYCE HOLDINGS PLC, which the other does not.

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

Which holds more, EWU or EUFN?

EUFN reports 83 stock positions and EWU reports 71. 75.0% of EUFN's weight sits in names EWU does not hold, and 73.9% of EWU's weight in names EUFN does not hold. The ten largest positions are 42.3% of EUFN and 52.4% of EWU.

How do EUFN and EWU differ by sector?

The widest gap is Financial Services: EUFN has 13.3 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.

Add a third fund in the tool·All fund pairs

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.