EUFN vs FEZ: Holdings Overlap
EUFNiShares MSCI Europe Financials ETF
iShares · 90 holdings · $4.3B · as of 2026-04-30
FEZState Street® SPDR® EURO STOXX 50® ETF
State Street (SPDR) · 51 holdings · $4.5B · as of 2026-08-06
Holdings snapshots are 98 days apart (EUFN: 2026-04-30, FEZ: 2026-08-06). 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 EUFN and FEZ?
iShares MSCI Europe Financials ETF (EUFN, by iShares) holds 90 positions; State Street® SPDR® EURO STOXX 50® ETF (FEZ, by State Street (SPDR)) holds 50. They have 13 holdings in common, and by portfolio weight the two funds are 28.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 28.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 13EUFN holds 90 · FEZ holds 50
- Weight in Shared Holdings
- EUFN 36%·FEZ 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 EUFN
77 of 90 positions (62.5% of the fund) are not held by FEZ. Showing the top 30 by weight.
Sector Breakdown
| Sector | EUFN | FEZ |
|---|---|---|
| Financials | 96.2% | 28.2% |
| Industrials | 0.0% | 21.9% |
| Information Technology | 0.0% | 12.6% |
| Consumer Discretionary | 0.0% | 9.6% |
| Consumer Staples | 0.0% | 5.3% |
| Other Sectors | 0.2% | 20.1% |
| Unclassified | 2.4% | 0.0% |
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 (2% of EUFN, 0% of FEZ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EUFN | +5.9% | +17.9% | +32.6% | +34.9% | +21.7% | +14.8% | 3.89% |
| FEZ | +4.7% | +13.6% | +24.4% | +19.4% | +11.9% | +11.5% | 2.48% |
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 EUFN vs FEZ →
Shared Holdings(13)
The top 10 shared positions account for 89% of the overlap, led by SAN, ALV and BBVA.
 SANBanco Santander SA | 5.30% | 4.16% | 4.16% |
|---|---|---|---|
 ALVAllianz SE NPV(REGD)(VINKULIERT) | 5.13% | 3.69% | 3.69% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 3.73% | 3.05% | 3.05% |
 UCGUniCredit SpA | 3.20% | 2.81% | 2.81% |
 BNPBNP Paribas SA EUR2 | 3.12% | 2.57% | 2.57% |
 ISPIntesa Sanpaolo S.p.A. NPV | 2.80% | 2.30% | 2.30% |
 INGAING Groep NV | 2.50% | 1.98% | 1.98% |
 CSAxa SA EUR2.29 | 2.38% | 1.74% | 1.74% |
 MUV2Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | 2.31% | 1.46% | 1.46% |
 DBKDeutsche Bank AG (Registered) | 1.67% | 1.38% | 1.38% |
 NDANordea Bank ABP NPV | 1.72% | 1.31% | 1.31% |
 DB1Deutsche Boerse AG | 1.71% | 1.10% | 1.10% |
 ADYENAdyen NV | 0.84% | 0.65% | 0.65% |
Frequently Asked Questions
How much do EUFN and FEZ overlap?
EUFN and FEZ overlap by 28.2% of portfolio weight. They share 13 holdings (EUFN holds 90 positions and FEZ holds 50), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EUFN and FEZ?
The two portfolios are 28.2% 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 EUFN and FEZ?
The largest positions held by both funds are SAN, ALV, BBVA, UCG and BNP. Together the top 10 shared positions account for 89% of the total overlap.
What does EUFN own that FEZ doesn't?
77 positions (62.5% of EUFN) are unique to EUFN, led by HSBA, UBSG and ZURN. In the other direction, 37 positions (69.5% of FEZ) are unique to FEZ.