SPDW vs IEFA overlap
SPDW and IEFA overlap 75.5% by weight, across 1,725 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | SPDW | IEFA | Overlap |
|---|---|---|---|
| ASML Holding NVASML | 2.28% | 2.50% | 2.28% |
| HSBC Holdings PLHSBA | 0.97% | 1.42% | 0.97% |
| Astrazeneca PLCAZN | 0.87% | 1.00% | 0.87% |
| Roper TechnologiROP | 0.86% | 1.20% | 0.86% |
| Novartis AG-REGNOVN | 0.86% | 1.12% | 0.86% |
| Nestle SA-REGNESN | 0.80% | 1.00% | 0.80% |
| Mitsubishi UFJ F8306 | 0.72% | 0.93% | 0.72% |
| Siemens AG-REGSIE | 0.70% | 0.95% | 0.70% |
| Shell PLCSHELL | 0.68% | 1.00% | 0.68% |
| BHP Group Ltd.BHP | 0.63% | 0.83% | 0.63% |
| Toyota Motor7203 | 0.61% | 0.70% | 0.61% |
| Banco SantanderSAN | 0.60% | 0.79% | 0.60% |
| Tokyo Electron8035 | 0.67% | 0.58% | 0.58% |
| Commonw BK AustrCBA | 0.57% | 0.82% | 0.57% |
| Schneider ElectrSBGSF | 0.55% | 0.72% | 0.55% |
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: SPDW, SEC Form N-PORT, June 30, 2026; IEFA, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SPDW | IEFA |
|---|---|---|
| Bank of America Corp. | $233.1M | $19.8B |
| Morgan Stanley | $691.6M | $10.3B |
| Jones Financial Companies LLLP | $13.1M | $10.8B |
| Wells Fargo & Company | $101.8M | $8.8B |
| Creative Planning | $7.3B | $262.4M |
| UBS Group AG | $448.4M | $6.7B |
| LPL Financial LLC | $2.0B | $4.6B |
| Envestnet Asset Management Inc. | $422.0M | $4.7B |
| Raymond James Financial Inc. | $210.7M | $4.4B |
| Bank of New York Mellon Corp | $30.5M | $3.7B |
| Northwestern Mutual Wealth Management Co | $146.1M | $3.6B |
| US Bancorp | $38.5M | $3.5B |
| BlackRock, Inc. | $88.4M | $3.3B |
| FMR LLC | $15.2M | $2.9B |
| Financial Engines Advisors L.L.C. | $2.6B | $34.5M |
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: SPDW institutional holders, IEFA institutional holders.
Frequently asked questions
How much do SPDW and IEFA overlap?
75.5% by weight, with 1,725 holdings in common, using holdings for SPDW as of June 30, 2026 and IEFA as of July 31, 2026. The largest shared position is ASML.
Do institutions hold both SPDW and IEFA?
868 Form 13F filers report positions in both, out of 2,817 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%.