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

EWG and IEUR share 12.4% of their weight across 52 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.

EWG and IEUR

12.4%

52 shared positions

EWG

iShares MSCI Germany ETF

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

Top 10: 62.4%·Holdings of EWG

IEUR

iShares Core MSCI Europe ETF

Reported positions cover 99% of the fund, 912 positions · Apr 30, 2026

Top 10: 18.2%·Holdings of IEUR

Reported positions cover EWG 100%, IEUR 99% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

IEUR vs EWG side by side

EWGiShares MSCI Germany ETF

52

stock positions reported to the SEC

0.0% of its weight is in 0 names IEUR does not hold

IEURiShares Core MSCI Europe ETF

912

stock positions reported to the SEC

86.6% of its weight is in 860 names EWG does not hold

Where each fund's weight sits

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

Largest sectors for both funds

Technology
9.7%
6.0%
Financial Services
3.0%
7.6%
Healthcare
1.9%
7.0%
Energy
0.0%
4.3%
Consumer Cyclical
3.5%
0.0%
Consumer Defensive
0.0%
1.5%

The widest gap is Healthcare: IEUR has 5.2 points more of it.

The figures side by side

EWGIEUR
Filing dateMay 31, 2026Apr 30, 2026
Stock positions reported52912
Weight of the ten largest62.4%18.2%
Largest positionSIEMENS AKTIENGESELLSCHAFT 12.0%ASML 3.6%
Held alone0 positions, 0.0%860 positions, 86.6%
Covered by stock positions100%99%

Holdings they share

StockIn EWGIn IEURCounted
SIEMENS AKTIENGESELLSCHAFT11.97%1.43%1.43%
SAPSAP SE9.49%1.11%1.11%
ALLIANZ SE8.47%1.10%1.10%
SIEMENS ENERGY AG7.37%1.04%1.04%
DEUTSCHE TELEKOM AG6.21%0.75%0.75%
INFINEON TECHNOLOGIES AG6.22%0.56%0.56%
MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AKTIENGESELLSCHAFT IN MUENCHEN3.45%0.49%0.49%
RHRheinmetall Aktiengesellschaft3.48%0.47%0.47%
DEUTSCHE BOERSE AKTIENGESELLSCHAFT2.73%0.37%0.37%
BASF SE2.66%0.36%0.36%

What each holds alone

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

Only in EWG

Nothing among its reported positions that the others do not also hold.

Only in IEUR

ASMLASML Holding N.V.3.56%
HSBCHSBC HOLDINGS PLC2.00%
ROCHE HOLDING AG1.90%
AZNASTRAZENECA PLC1.87%
NVSNovartis AG1.78%
NESTLE S.A.1.66%
SHELSHELL PLC1.64%
TTETOTALENERGIES SE1.17%
SANBanco Santander, S.A.1.14%
SCHNEIDER ELECTRIC SE1.11%

Questions people ask

Is EWG the same as IEUR?

12.4% of their weight sits in the same 52 holdings. Among its reported positions, EWG holds nothing the other does not also hold. IEUR also reports ASML, HSBC, ROCHE HOLDING AG, which the other does not.

How is the overlap between EWG and IEUR measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of EWG and 99% of IEUR, so the number cannot exceed the smaller coverage.

Which holds more, IEUR or EWG?

EWG reports 52 stock positions and IEUR reports 912. 0.0% of EWG's weight sits in names IEUR does not hold, and 86.6% of IEUR's weight in names EWG does not hold. The ten largest positions are 62.4% of EWG and 18.2% of IEUR.

How do EWG and IEUR differ by sector?

The widest gap is Healthcare: IEUR has 5.2 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.

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.