EFA vs IEFA Overlap
Both funds come from IShares. EFA is an equity ETF, while IEFA is an equity ETF. EFA and IEFA show very heavy overlap, with an estimated weighted overlap of 83.31%. They share 664 holdings in the loaded dataset, led by ASML.AS, AZN.L, and ROG.SW.
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Quick Answer
Both funds come from IShares. EFA is an equity ETF, while IEFA is an equity ETF. EFA and IEFA show very heavy overlap, with an estimated weighted overlap of 83.31%. They share 664 holdings in the loaded dataset, led by ASML.AS, AZN.L, and ROG.SW.
- 83.31% weighted overlap across 664 shared holdings.
- The top three shared holdings explain 5.59% of the measured overlap.
- EFA and IEFA are closer in breadth than a broad-vs-niche ETF pair.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both may add less diversification than the fund names imply.
Data Freshness
- EFA holdings
- Mar 12, 2026
- IEFA holdings
- Mar 12, 2026
- Overlap computed
- Mar 13, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
Both funds come from IShares. EFA is an equity ETF, while IEFA is an equity ETF. EFA and IEFA are closely aligned. A large share of their portfolio weight is invested in the same companies, especially ASML.AS, AZN.L, and ROG.SW, which means holding both is likely to feel similar to increasing the size of one core position.
How They Differ
Both funds come from IShares. EFA is an equity ETF, while IEFA is an equity ETF. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. IEFA has the lower expense ratio, while EFA charges more for its exposure.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 5.59% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
Because EFA and IEFA are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. IEFA has the lower expense ratio, while EFA charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 5.59% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between EFA and IEFA.
| Holding | Name | EFA Wt. | IEFA Wt. | Overlap |
|---|---|---|---|---|
| ASML.AS | ASML HOLDING NV | 2.55% | 2.19% | 2.19% |
| AZN.L | ASTRAZENECA PLC | 1.44% | 1.24% | 1.24% |
| ROG.SW | ROCHE HOLDING PAR AG | 1.43% | 1.23% | 1.23% |
| NOVN.SW | NOVARTIS AG | 1.41% | 1.21% | 1.21% |
| HSBA.L | HSBC HOLDINGS PLC | 1.39% | 1.19% | 1.19% |
| SAN.PA | BANCO SANTANDER SA | 1.26% | 1.08% | 1.08% |
| NESN.SW | NESTLE LTD | 1.24% | 1.07% | 1.07% |
| SHEL.L | SHELL PLC | 1.15% | 0.98% | 0.98% |
| 7203.T | TOYOTA MOTOR CORP | 0.98% | 0.84% | 0.84% |
| SAP.DE | SAP | 0.97% | 0.83% | 0.83% |
Why These ETFs Overlap
Both funds come from IShares. EFA is an equity ETF, while IEFA is an equity ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are ASML.AS, AZN.L, and ROG.SW, which appear in both portfolios and push the overlap score higher.
Holding both EFA and IEFA is usually redundant unless you have a very specific reason to tilt toward their shared holdings. In most cases, one ETF is enough.
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Frequently Asked Questions About EFA and IEFA
What is the overlap between EFA and IEFA?+
How many holdings do EFA and IEFA share?+
Is the EFA and IEFA overlap high?+
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How Overlap Is Calculated
A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.