ACWX vs EFA: Holdings Overlap
ACWXiShares MSCI ACWI ex U.S. ETF
iShares · 1761 holdings · $11.7B · as of 2026-04-30
iShares · 705 holdings · $79.3B · as of 2026-04-30
How similar are ACWX and EFA?
iShares MSCI ACWI ex U.S. ETF (ACWX, by iShares) holds 1761 positions; iShares MSCI EAFE ETF (EFA, by iShares) holds 705. They have 704 holdings in common, and by portfolio weight the two funds are 58.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 58.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 704ACWX holds 1761 · EFA holds 705
- Weight in Shared Holdings
- ACWX 59%·EFA 99%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ACWX
1057 of 1761 positions (40.8% of the fund) are not held by EFA. Showing the top 30 by weight.
Sector Breakdown
| Sector | ACWX | EFA |
|---|---|---|
| Financials | 21.6% | 23.8% |
| Industrials | 12.5% | 18.5% |
| Information Technology | 17.5% | 9.1% |
| Health Care | 6.1% | 9.7% |
| Consumer Staples | 4.9% | 6.8% |
| Other Sectors | 25.6% | 25.8% |
| Unclassified | 11.4% | 5.5% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (11% of ACWX, 6% of EFA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ACWX | +3.0% | +16.6% | +28.7% | +19.1% | +9.3% | +9.6% | 2.46% |
| EFA | +4.2% | +14.8% | +25.0% | +17.9% | +9.6% | +9.7% | 3.10% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ACWX vs EFA →
Shared Holdings(704)
The top 10 shared positions account for 13% of the overlap, led by ASML, HSBA and AZN.
 ASMLASML Holding NV | 1.54% | 2.58% | 1.54% |
|---|---|---|---|
 HSBAHSBC Holdings PLC | 0.86% | 1.45% | 0.86% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.80% | 1.35% | 0.80% |
 ROPRoche Holding AG | 0.78% | 1.32% | 0.78% |
 NOVNNovartis AG (Registered) | 0.76% | 1.29% | 0.76% |
 NESNNestle SA (Registered) | 0.71% | 1.20% | 0.71% |
 SHELShell PLC | 0.71% | 1.19% | 0.71% |
 SIESiemens AG (Registered) | 0.62% | 1.04% | 0.62% |
 CBACommonwealth Bank of Australia | 0.57% | 0.97% | 0.57% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.57% | 0.93% | 0.57% |
 BHPBHP Group Ltd. | 0.55% | 0.93% | 0.55% |
 7203Toyota Motor Corp. NPV | 0.51% | 0.84% | 0.51% |
 TTETotalEnergies SE EUR2.5 | 0.50% | 0.85% | 0.50% |
 SANBanco Santander SA | 0.49% | 0.82% | 0.49% |
 SAPSAP SE | 0.48% | 0.81% | 0.48% |
 SUSchneider Electric SE | 0.47% | 0.80% | 0.47% |
 ALVAllianz SE (Registered) | 0.47% | 0.80% | 0.47% |
 ENRSiemens Energy AG | 0.45% | 0.76% | 0.45% |
 ABBNABB Ltd. (Registered) | 0.44% | 0.73% | 0.44% |
 6501Hitachi Ltd. NPV | 0.41% | 0.67% | 0.41% |
 IBEIberdrola SA | 0.41% | 0.69% | 0.41% |
 6857Advantest Corp. NPV | 0.39% | 0.66% | 0.39% |
 UBSGUBS Group AG (Registered) | 0.39% | 0.65% | 0.39% |
 NOVOBNovo Nordisk A/S, Class B | 0.37% | 0.63% | 0.37% |
 RR-Rolls-Royce Holdings PLC | 0.37% | 0.62% | 0.37% |
Showing the top 250 of 704 shared holdings by overlap weight.
Frequently Asked Questions
How much do ACWX and EFA overlap?
ACWX and EFA overlap by 58.9% of portfolio weight. They share 704 holdings (ACWX holds 1761 positions and EFA holds 705), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ACWX and EFA?
The two portfolios are 58.9% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of ACWX and EFA?
The largest positions held by both funds are ASML, HSBA, AZN, ROP and NOVN. Together the top 10 shared positions account for 13% of the total overlap.
What does ACWX own that EFA doesn't?
1057 positions (40.8% of ACWX) are unique to ACWX, led by TSMWF, 005930 and 000660. In the other direction, 1 positions (0.0% of EFA) are unique to EFA.