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

EWG and IVLU share 10.8% of their weight across 26 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 IVLU

10.8%

26 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

IVLU

iShares MSCI Intl Value Factor ETF

Reported positions cover 98% of the fund, 327 positions · Apr 30, 2026

Top 10: 18.2%·Holdings of IVLU

Reported positions cover EWG 100%, IVLU 98% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

IVLU vs EWG side by side

EWGiShares MSCI Germany ETF

52

stock positions reported to the SEC

36.3% of its weight is in 26 names IVLU does not hold

IVLUiShares MSCI Intl Value Factor ETF

327

stock positions reported to the SEC

87.2% of its weight is in 301 names EWG does not hold

Where each fund's weight sits

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

Largest sectors for both funds

Financial Services
3.0%
15.2%
Technology
9.7%
0.0%
Healthcare
1.9%
4.9%
Energy
0.0%
4.3%
Basic Materials
0.0%
3.7%
Consumer Cyclical
3.5%
3.3%

The widest gap is Financial Services: IVLU has 12.3 points more of it.

The figures side by side

EWGIVLU
Filing dateMay 31, 2026Apr 30, 2026
Stock positions reported52327
Weight of the ten largest62.4%18.2%
Largest positionSIEMENS AKTIENGESELLSCHAFT 12.0%HSBC 2.3%
Held alone26 positions, 36.3%301 positions, 87.2%
Covered by stock positions100%98%

Holdings they share

StockIn EWGIn IVLUCounted
SIEMENS AKTIENGESELLSCHAFT11.97%1.37%1.37%
INFINEON TECHNOLOGIES AG6.22%1.11%1.11%
DEUTSCHE TELEKOM AG6.21%0.93%0.93%
BAYER AKTIENGESELLSCHAFT2.10%0.88%0.88%
MERCEDES-BENZ GROUP AG2.20%0.71%0.71%
DBDeutsche Bank Aktiengesellschaft2.96%0.64%0.64%
BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT1.47%0.58%0.58%
DEUTSCHE POST AG2.75%0.58%0.58%
VOLKSWAGEN AKTIENGESELLSCHAFT1.10%0.56%0.56%
BASF SE2.66%0.47%0.47%

What each holds alone

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

Only in EWG

ALLIANZ SE8.47%
SIEMENS ENERGY AG7.37%
RHRheinmetall Aktiengesellschaft3.48%
MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AKTIENGESELLSCHAFT IN MUENCHEN3.45%
DEUTSCHE BOERSE AKTIENGESELLSCHAFT2.73%
ADIDAS AG1.66%
MTU AERO ENGINES AG0.99%
VONOVIA SE0.95%
HANNOVER RUECK SE0.82%
SIEMENS HEALTHINEERS AG0.69%

Only in IVLU

HSBCHSBC HOLDINGS PLC2.29%
MUFGMitsubishi UFJ Financial Group, Inc.2.25%
BRITISH AMERICAN TOBACCO P.L.C.1.98%
SMFGSumitomo Mitsui Trust Group, Inc.1.86%
TMTOYOTA MOTOR CORPORATION1.79%
ROCHE HOLDING AG1.67%
SANBanco Santander, S.A.1.64%
BNP PARIBAS SA1.63%
NVSNovartis AG1.63%
NOKIA OYJ1.43%

Questions people ask

Is EWG the same as IVLU?

10.8% of their weight sits in the same 26 holdings. EWG also reports ALLIANZ SE, SIEMENS ENERGY AG, RH, which the other does not. IVLU also reports HSBC, MUFG, BRITISH AMERICAN TOBACCO P.L.C., which the other does not.

How is the overlap between EWG and IVLU 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 98% of IVLU, so the number cannot exceed the smaller coverage.

Which holds more, IVLU or EWG?

EWG reports 52 stock positions and IVLU reports 327. 36.3% of EWG's weight sits in names IVLU does not hold, and 87.2% of IVLU's weight in names EWG does not hold. The ten largest positions are 62.4% of EWG and 18.2% of IVLU.

How do EWG and IVLU differ by sector?

The widest gap is Financial Services: IVLU has 12.3 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.

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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.