EFAV vs SPDW: Holdings Overlap
EFAViShares MSCI EAFE Min Vol Factor ETF
iShares · 256 holdings · $5.4B · as of 2026-04-30
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
Holdings snapshots are 96 days apart (EFAV: 2026-04-30, SPDW: 2026-08-04). 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 SPDW?
iShares MSCI EAFE Min Vol Factor ETF (EFAV, by iShares) holds 256 positions; State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342. They have 227 holdings in common, and by portfolio weight the two funds are 24.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 24.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 227EFAV holds 256 · SPDW holds 2342
- Weight in Shared Holdings
- EFAV 95%·SPDW 28%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
29 of 256 positions (4.7% of the fund) are not held by SPDW.
Sector Breakdown
| Sector | EFAV | SPDW |
|---|---|---|
| Financials | 18.9% | 21.9% |
| Industrials | 13.2% | 13.2% |
| Information Technology | 3.7% | 12.6% |
| Consumer Staples | 11.7% | 5.1% |
| Health Care | 10.8% | 6.3% |
| Other Sectors | 32.0% | 22.3% |
| Unclassified | 9.1% | 17.3% |
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, 18% of SPDW).
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% |
| SPDW | +3.1% | +17.9% | +30.1% | +19.9% | +10.1% | +10.3% | 2.94% |
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 SPDW →
Shared Holdings(227)
The top 10 shared positions account for 24% of the overlap, led by NOVN, NESN and SHEL.
 NOVNNovartis AG (Registered) | 1.36% | 0.83% | 0.83% |
|---|---|---|---|
 NESNNestle SA (Registered) | 1.06% | 0.76% | 0.76% |
 SHELShell PLC | 1.57% | 0.76% | 0.76% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.77% | 0.73% | 0.73% |
 CBACommonwealth Bank of Australia | 0.51% | 0.62% | 0.51% |
 TTETotalEnergies SE EUR2.5 | 1.67% | 0.51% | 0.51% |
 IBEIberdrola SA | 1.51% | 0.44% | 0.44% |
 ULVRUnilever PLC | 1.10% | 0.41% | 0.41% |
 AIAir Liquide SA | 0.74% | 0.37% | 0.37% |
 DBSDBS Group Holdings Ltd. | 1.47% | 0.36% | 0.36% |
 8058Mitsubishi Corp. NPV | 0.52% | 0.36% | 0.36% |
 BATSBritish American Tobacco PLC | 0.65% | 0.34% | 0.34% |
 DTEDeutsche Telekom AG (Registered) | 0.62% | 0.34% | 0.34% |
 ZURNZurich Insurance Group AG | 1.34% | 0.32% | 0.32% |
 SAPSAP SE | 0.32% | 0.59% | 0.32% |
 GSKGSK plc | 0.63% | 0.31% | 0.31% |
 9983Fast Retailing Co Ltd. NPV | 0.64% | 0.30% | 0.30% |
 ORL'Oreal SA | 0.29% | 0.30% | 0.29% |
 ROPRoche Holding AG | 0.28% | 0.93% | 0.28% |
 8001ITOCHU Corp. NPV | 0.32% | 0.27% | 0.27% |
 BP-BP plc | 0.27% | 0.35% | 0.27% |
 OCBCOversea-Chinese Banking Corp. Ltd. | 1.05% | 0.26% | 0.26% |
 ALVAllianz SE (Registered) | 0.26% | 0.56% | 0.26% |
 ENELEnel SpA | 0.37% | 0.26% | 0.26% |
 6861Keyence Corp. NPV | 0.25% | 0.32% | 0.25% |
Frequently Asked Questions
How much do EFAV and SPDW overlap?
EFAV and SPDW overlap by 24.1% of portfolio weight. They share 227 holdings (EFAV holds 256 positions and SPDW holds 2342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EFAV and SPDW?
The two portfolios are 24.1% 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 SPDW?
The largest positions held by both funds are NOVN, NESN, SHEL, AZN and CBA. Together the top 10 shared positions account for 24% of the total overlap.
What does EFAV own that SPDW doesn't?
29 positions (4.7% of EFAV) are unique to EFAV, led by 6, BA- and SAN. In the other direction, 2115 positions (70.3% of SPDW) are unique to SPDW.