EFAV vs EWL: Holdings Overlap
EFAViShares MSCI EAFE Min Vol Factor ETF
iShares · 256 holdings · $5.4B · as of 2026-04-30
EWLiShares MSCI Switzerland ETF
iShares · 42 holdings · $2.2B · as of 2026-05-31
Holdings snapshots are 31 days apart (EFAV: 2026-04-30, EWL: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are EFAV and EWL?
iShares MSCI EAFE Min Vol Factor ETF (EFAV, by iShares) holds 256 positions; iShares MSCI Switzerland ETF (EWL, by iShares) holds 42. They have 23 holdings in common, and by portfolio weight the two funds are 10.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23EFAV holds 256 · EWL holds 42
- Weight in Shared Holdings
- EFAV 11%·EWL 64%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 EFAV
233 of 256 positions (88.2% of the fund) are not held by EWL. Showing the top 30 by weight.
Sector Breakdown
| Sector | EFAV | EWL |
|---|---|---|
| Health Care | 10.8% | 37.9% |
| Financials | 18.9% | 17.3% |
| Consumer Staples | 11.7% | 14.3% |
| Industrials | 13.2% | 11.3% |
| Communication Services | 8.5% | 1.6% |
| Other Sectors | 27.2% | 12.9% |
| Unclassified | 9.1% | 3.2% |
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 (9% of EFAV, 3% of EWL).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EFAV | +5.0% | +11.3% | +15.7% | +15.3% | +7.1% | +6.6% | 3.03% |
| EWL | +1.7% | +9.5% | +22.3% | +13.4% | +7.3% | +10.1% | 1.69% |
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 EFAV vs EWL →
Shared Holdings(23)
The top 10 shared positions account for 81% of the overlap, led by NOVN, ZURN and SCMN.
 NOVNNovartis AG (Registered) | 1.36% | 13.56% | 1.36% |
|---|---|---|---|
 ZURNZurich Insurance Group AG | 1.34% | 4.44% | 1.34% |
 SCMNSwisscom AG | 1.41% | 1.29% | 1.29% |
 NESNNestle SA (Registered) | 1.06% | 12.34% | 1.06% |
 SPSNSwiss Prime Site AG | 1.08% | 0.87% | 0.87% |
 HBANHelvetia Baloise Holding AG | 0.75% | 1.37% | 0.75% |
 SCHNSchindler Holding AG | 0.69% | 0.55% | 0.55% |
 BCVNBanque Cantonale Vaudoise | 0.44% | 0.45% | 0.44% |
 LISNChocoladefabriken Lindt & Spruengli AG | 0.43% | 0.78% | 0.43% |
 RORoche Holding AG | 0.35% | 0.39% | 0.35% |
 GIVNGivaudan SA (Registered) | 0.29% | 1.83% | 0.29% |
 BKWBKW AG | 0.28% | 0.36% | 0.28% |
 ROPRoche Holding AG | 0.28% | 14.03% | 0.28% |
 SGSNSGS SA (Registered) | 0.21% | 1.10% | 0.21% |
 SRENSwiss Re AG | 0.21% | 2.32% | 0.21% |
 HOLNHolcim AG | 0.18% | 2.64% | 0.18% |
 KNINKuehne + Nagel International AG | 0.15% | 0.76% | 0.15% |
 GEBNGeberit AG | 0.14% | 1.23% | 0.14% |
 LISPChocoladefabriken Lindt & Spruengli AG | 0.11% | 0.68% | 0.11% |
 SCHPSchindler Holding AG Participation Certificates | 0.08% | 0.84% | 0.08% |
 ALCAlcon AG | 0.05% | 1.77% | 0.05% |
| Euro | 0.13% | 0.04% | 0.04% |
| SWISS FRANC | 0.01% | 0.29% | 0.01% |
Frequently Asked Questions
How much do EFAV and EWL overlap?
EFAV and EWL overlap by 10.5% of portfolio weight. They share 23 holdings (EFAV holds 256 positions and EWL holds 42), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EFAV and EWL?
The two portfolios are 10.5% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of EFAV and EWL?
The largest positions held by both funds are NOVN, ZURN, SCMN, NESN and SPSN. Together the top 10 shared positions account for 81% of the total overlap.
What does EFAV own that EWL doesn't?
233 positions (88.2% of EFAV) are unique to EFAV, led by ENI, TTE and EQNR. In the other direction, 19 positions (34.4% of EWL) are unique to EWL.