IPKW vs DBEU overlap
IPKW and DBEU overlap 6.5% by weight, across 19 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (IPKW: July 31, 2026, DBEU: May 29, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | IPKW | DBEU | Overlap |
|---|---|---|---|
| Shell PLCSHELL | 4.61% | 1.64% | 1.64% |
| Totalenergies SETTE | 4.50% | 1.20% | 1.20% |
| Unicredit SpaUCG | 6.40% | 0.82% | 0.82% |
| ING Groep NVINGA | 6.57% | 0.63% | 0.63% |
| Prosus NVPROSF | 4.93% | 0.41% | 0.41% |
| Standard Charter2888 | 5.48% | 0.33% | 0.33% |
| Vodafone GroupVOD | 2.53% | 0.19% | 0.19% |
| Equinor ASAEQNR | 3.51% | 0.18% | 0.18% |
| AIB Group PLCAIBG | 2.43% | 0.17% | 0.17% |
| NN GroupNN | 2.33% | 0.15% | 0.15% |
| SAAB AB-BSAABB | 2.10% | 0.14% | 0.14% |
| Bank of IrelandBIRG | 1.80% | 0.13% | 0.13% |
| Banco SabadellSAB | 1.79% | 0.11% | 0.11% |
| Centrica PLCCNA | 0.97% | 0.08% | 0.08% |
| Sage Group PLC/TSGE | 1.01% | 0.07% | 0.07% |
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: IPKW, SEC Form N-PORT, July 31, 2026; DBEU, SEC Form N-PORT, May 29, 2026.
Largest institutions holding both
| Firm | IPKW | DBEU |
|---|---|---|
| Morgan Stanley | $39.6M | $230.6M |
| Bank of America Corp. | $40.7M | $15.5M |
| LPL Financial LLC | $37.1M | $1.6M |
| Raymond James Financial Inc. | $28.0M | $2.5M |
| Ameriprise Financial Inc. | $12.1M | $5.4M |
| UBS Group AG | $11.7M | $4.8M |
| Jones Financial Companies LLLP | $9.8M | $1.1M |
| Cetera Investment Advisers | $6.2M | $1.4M |
| Royal Bank of Canada | $2.2M | $4.0M |
| Private Advisor Group, LLC | $5.3M | $275K |
| Wells Fargo & Company | $20 | $5.5M |
| Susquehanna International Group, LLP | $2.1M | $607K |
| Stifel Financial Corp. | $946K | $1.5M |
| Northwestern Mutual Wealth Management Co | $249K | $2.0M |
| Envestnet Asset Management Inc. | $1.5M | $643K |
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: IPKW institutional holders, DBEU institutional holders.
Frequently asked questions
How much do IPKW and DBEU overlap?
6.5% by weight, with 19 holdings in common, using holdings for IPKW as of July 31, 2026 and DBEU as of May 29, 2026. The largest shared position is SHELL.
Do institutions hold both IPKW and DBEU?
22 Form 13F filers report positions in both, out of 149 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%.