IEFA vs EFA overlap
IEFA and EFA overlap 85.7% by weight, across 674 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | IEFA | EFA | Overlap |
|---|---|---|---|
| ASML Holding NVASML | 2.50% | 2.90% | 2.50% |
| HSBC Holdings PLHSBA | 1.42% | 1.66% | 1.42% |
| Roper TechnologiROP | 1.20% | 1.39% | 1.20% |
| Novartis AG-REGNOVN | 1.12% | 1.30% | 1.12% |
| Nestle SA-REGNESN | 1.00% | 1.17% | 1.00% |
| Astrazeneca PLCAZN | 1.00% | 1.17% | 1.00% |
| Shell PLCSHELL | 1.00% | 1.17% | 1.00% |
| Siemens AG-REGSIE | 0.95% | 1.10% | 0.95% |
| Mitsubishi UFJ F8306 | 0.93% | 1.08% | 0.93% |
| BHP Group Ltd.BHP | 0.83% | 0.97% | 0.83% |
| Commonw BK AustrCBA | 0.82% | 0.95% | 0.82% |
| Banco SantanderSAN | 0.79% | 0.93% | 0.79% |
| SAP SESAPGF | 0.74% | 0.87% | 0.74% |
| Allianz SE-REGALIZF | 0.74% | 0.86% | 0.74% |
| Schneider ElectrSBGSF | 0.72% | 0.84% | 0.72% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: IEFA, SEC Form N-PORT, July 31, 2026; EFA, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | IEFA | EFA |
|---|---|---|
| Bank of America Corp. | $19.8B | $4.2B |
| Morgan Stanley | $10.3B | $3.2B |
| BlackRock, Inc. | $3.3B | $9.8B |
| Jones Financial Companies LLLP | $10.8B | $680.0M |
| Wells Fargo & Company | $8.8B | $1.7B |
| UBS Group AG | $6.7B | $1.3B |
| Envestnet Asset Management Inc. | $4.7B | $756.8M |
| Goldman Sachs Group Inc. | $2.0B | $3.4B |
| LPL Financial LLC | $4.6B | $588.8M |
| Raymond James Financial Inc. | $4.4B | $394.9M |
| Bank of New York Mellon Corp | $3.7B | $817.2M |
| US Bancorp | $3.5B | $736.7M |
| JPMorgan Chase & Co | $1.9B | $2.1B |
| Northwestern Mutual Wealth Management Co | $3.6B | $264.0M |
| FMR LLC | $2.9B | $883.1M |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: IEFA institutional holders, EFA institutional holders.
Frequently asked questions
How much do IEFA and EFA overlap?
85.7% by weight, with 674 holdings in common, using holdings for IEFA as of July 31, 2026 and EFA as of July 31, 2026. The largest shared position is ASML.
Do institutions hold both IEFA and EFA?
1,478 Form 13F filers report positions in both, out of 3,243 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.