EWA vs VPL overlap - what they share and where they differ

EWA and VPL share 5.1% of their weight across 10 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 VPL

5.1%

10 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

VPL

VANGUARD PACIFIC STOCK INDEX FUND

Reported positions cover 97% of the fund, 1,355 positions · Apr 30, 2026

Top 10: 23.7%·Holdings of VPL

Reported positions cover EWA 91%, VPL 97% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

VPL vs EWA side by side

EWAiShares MSCI Australia ETF

40

stock positions reported to the SEC

48.5% of its weight is in 30 names VPL does not hold

VPLVANGUARD PACIFIC STOCK INDEX FUND

1,355

stock positions reported to the SEC

91.9% of its weight is in 1,345 names EWA does not hold

Where each fund's weight sits

EWA
VPL
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Basic Materials
19.1%
2.4%
Financial Services
3.6%
9.0%
Technology
0.6%
6.6%
Energy
2.9%
0.0%
Consumer Cyclical
0.0%
2.1%
Healthcare
0.0%
0.5%

The widest gap is Basic Materials: EWA has 16.7 points more of it.

The figures side by side

EWAVPL
Filing dateMay 31, 2026Apr 30, 2026
Stock positions reported401,355
Weight of the ten largest64.1%23.7%
Largest positionBHP 15.7%SAMSUNG ELECTRONICS CO LTD 6.0%
Held alone30 positions, 48.5%1,345 positions, 91.9%
Covered by stock positions91%97%

Holdings they share

StockIn EWAIn VPLCounted
COMMONWEALTH BANK OF AUSTRALIA13.76%1.78%1.78%
BHPBHP GROUP LIMITED15.69%1.64%1.64%
RIORIO TINTO LIMITED3.45%0.38%0.38%
WDSWOODSIDE ENERGY GROUP LTD2.89%0.38%0.38%
KOYNCSL LIMITED2.34%0.37%0.37%
FORTESCUE LTD1.89%0.19%0.19%
NTRSNORTHERN STAR RESOURCES LTD1.29%0.18%0.18%
XRXXERO LIMITED0.64%0.08%0.08%
REA GROUP LTD0.39%0.05%0.05%
PRO MEDICUS LTD0.38%0.04%0.04%

What each holds alone

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

Only in EWA

WESTPAC BANKING CORPORATION6.14%
NATIONAL AUSTRALIA BANK LIMITED5.71%
ANZ GROUP HOLDINGS LIMITED5.30%
WESFARMERS LIMITED4.51%
MACQUARIE GROUP LIMITED4.31%
WOOLWORTHS GROUP LIMITED2.14%
QBE INSURANCE GROUP LIMITED1.70%
COLES GROUP LIMITED1.45%
ARISTOCRAT LEISURE LIMITED1.38%
SANTOS LIMITED1.27%

Only in VPL

SAMSUNG ELECTRONICS CO LTD6.00%
SKHYSK hynix Inc4.08%
MUFGMitsubishi Corp2.56%
NODKNippon Kanzai Holdings Co Ltd2.06%
TMToyota Motor Corp1.73%
SMFGSumitomo Mitsui Trust Group Inc1.59%
HITACHI LTD1.16%
ADVANTEST CORP1.14%
SOFTBANK GROUP CORP1.13%
TOKYO ELECTRON LTD1.10%

Questions people ask

Is EWA the same as VPL?

5.1% of their weight sits in the same 10 holdings. EWA also reports WESTPAC BANKING CORPORATION, NATIONAL AUSTRALIA BANK LIMITED, ANZ GROUP HOLDINGS LIMITED, which the other does not. VPL also reports SAMSUNG ELECTRONICS CO LTD, SKHY, MUFG, which the other does not.

How is the overlap between EWA and VPL 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 97% of VPL, so the number cannot exceed the smaller coverage.

Which holds more, VPL or EWA?

EWA reports 40 stock positions and VPL reports 1,355. 48.5% of EWA's weight sits in names VPL does not hold, and 91.9% of VPL's weight in names EWA does not hold. The ten largest positions are 64.1% of EWA and 23.7% of VPL.

How do EWA and VPL differ by sector?

The widest gap is Basic Materials: EWA has 16.7 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.