EWA vs IQLT overlap - what they share and where they differ
EWA and IQLT share 5.7% of their weight across 18 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.
EWA and IQLT
5.7%
18 shared positions
EWA
iShares MSCI Australia ETF
Reported positions cover 91% of the fund, 40 positions · May 31, 2026
Top 10: 64.1%·Holdings of EWA
IQLT
iShares MSCI Intl Quality Factor ETF
Reported positions cover 99% of the fund, 279 positions · Apr 30, 2026
Top 10: 25.0%·Holdings of IQLT
Reported positions cover EWA 91%, IQLT 99% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
IQLT vs EWA side by side
EWAiShares MSCI Australia ETF
40
stock positions reported to the SEC
51.4% of its weight is in 22 names IQLT does not hold
IQLTiShares MSCI Intl Quality Factor ETF
279
stock positions reported to the SEC
92.8% of its weight is in 261 names EWA does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Basic Materials: EWA has 14.1 points more of it.
The figures side by side
| EWA | IQLT | |
|---|---|---|
| Filing date | May 31, 2026 | Apr 30, 2026 |
| Stock positions reported | 40 | 279 |
| Weight of the ten largest | 64.1% | 25.0% |
| Largest position | BHP 15.7% | ASML 6.0% |
| Held alone | 22 positions, 51.4% | 261 positions, 92.8% |
| Covered by stock positions | 91% | 99% |
Holdings they share
| Stock | In EWA | In IQLT | Counted |
|---|---|---|---|
| BHPBHP GROUP LIMITED | 15.69% | 1.40% | 1.40% |
| RIORIO TINTO LIMITED | 3.45% | 1.06% | 1.06% |
| WESFARMERS LIMITED | 4.51% | 0.65% | 0.65% |
| WDSWOODSIDE ENERGY GROUP LTD | 2.89% | 0.48% | 0.48% |
| QBE INSURANCE GROUP LIMITED | 1.70% | 0.34% | 0.34% |
| BRAMBLES LIMITED | 1.12% | 0.26% | 0.26% |
| ARISTOCRAT LEISURE LIMITED | 1.38% | 0.17% | 0.17% |
| FORTESCUE LTD | 1.89% | 0.17% | 0.17% |
| SUNCORP GROUP LIMITED | 0.94% | 0.17% | 0.17% |
| COMPUTERSHARE LIMITED | 0.90% | 0.15% | 0.15% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in EWA
Only in IQLT
Questions people ask
Is EWA the same as IQLT?
5.7% of their weight sits in the same 18 holdings. EWA also reports COMMONWEALTH BANK OF AUSTRALIA, WESTPAC BANKING CORPORATION, NATIONAL AUSTRALIA BANK LIMITED, which the other does not. IQLT also reports ASML, SHEL, ALLIANZ SE, which the other does not.
How is the overlap between EWA and IQLT measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 91% of EWA and 99% of IQLT, so the number cannot exceed the smaller coverage.
Which holds more, IQLT or EWA?
EWA reports 40 stock positions and IQLT reports 279. 51.4% of EWA's weight sits in names IQLT does not hold, and 92.8% of IQLT's weight in names EWA does not hold. The ten largest positions are 64.1% of EWA and 25.0% of IQLT.
How do EWA and IQLT differ by sector?
The widest gap is Basic Materials: EWA has 14.1 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.