REFA vs BILD overlap

REFA and BILD overlap 1.8% by weight, across 2 shared holdings.

REFABILD

Pick 2 to 4 ETFs.

1.8%

overlap by weight, across 2 shared holdings

REFA1.8% of the fund is in shared holdings, of 210

BILD3.4% of the fund is in shared holdings, of 46

Top shared holdings

Holding	REFA	BILD	Overlap
ENEL SpaENEL	1.24%	1.38%	1.24%
CLP Holdings2	0.58%	1.99%	0.58%

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: REFA, SEC Form N-PORT, June 30, 2026; BILD, SEC Form N-PORT, June 30, 2026.

institutions report holding both, of 8 holding any

REFA20.2% of its 13F dollars, 16.7% of its 6 holders

BILD0.1% of its 13F dollars, 33.3% of its 3 holders

Largest institutions holding both

Firm	REFA	BILD
UBS Group AG	$1.1M	$7K

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: REFA institutional holders, BILD institutional holders.

Frequently asked questions

How much do REFA and BILD overlap?

1.8% by weight, with 2 holdings in common, using holdings for REFA as of June 30, 2026 and BILD as of June 30, 2026. The largest shared position is ENEL.

Do institutions hold both REFA and BILD?

1 Form 13F filers report positions in both, out of 8 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%.