EWA vs EFA: Holdings Overlap
iShares · 48 holdings · $1.4B · as of 2026-05-31
iShares · 705 holdings · $79.3B · as of 2026-04-30
Holdings snapshots are 31 days apart (EWA: 2026-05-31, EFA: 2026-04-30). 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 EWA and EFA?
iShares MSCI Australia ETF (EWA, by iShares) holds 48 positions; iShares MSCI EAFE ETF (EFA, by iShares) holds 705. They have 48 holdings in common, and by portfolio weight the two funds are 6.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 48EWA holds 48 · EFA holds 705
- Weight in Shared Holdings
- EWA 99%·EFA 7%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 EWA
Every position in EWA is also held by EFA, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | EWA | EFA |
|---|---|---|
| Financials | 40.6% | 23.8% |
| Materials | 25.5% | 5.8% |
| Industrials | 4.7% | 18.5% |
| Health Care | 4.3% | 9.7% |
| Information Technology | 1.0% | 9.1% |
| Other Sectors | 22.4% | 26.9% |
| Unclassified | 1.0% | 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 (1% of EWA, 6% of EFA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWA | +8.1% | +17.8% | +17.9% | +14.3% | +7.2% | +8.2% | 2.79% |
| 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 EWA vs EFA →
Shared Holdings(48)
The top 10 shared positions account for 65% of the overlap, led by CBA, BHP and WBC.
 CBACommonwealth Bank of Australia | 13.76% | 0.97% | 0.97% |
|---|---|---|---|
 BHPBHP Group Ltd. | 15.69% | 0.93% | 0.93% |
 WBCWestpac Banking Corp. | 6.14% | 0.44% | 0.44% |
 NABNational Australia Bank Ltd. | 5.71% | 0.41% | 0.41% |
 ANZANZ Group Holdings Ltd. | 5.30% | 0.37% | 0.37% |
 MQGMacquarie Group Ltd. | 4.31% | 0.29% | 0.29% |
 WESWesfarmers Ltd. | 4.51% | 0.28% | 0.28% |
 RIORio Tinto Ltd. | 3.45% | 0.21% | 0.21% |
 WDSWoodside Energy Group Ltd | 2.89% | 0.21% | 0.21% |
 GMGGoodman Group | 3.22% | 0.20% | 0.20% |
 CSLCSL Ltd. | 2.34% | 0.20% | 0.20% |
 TCLTransurban Group | 2.32% | 0.15% | 0.15% |
 WOWWoolworths Group Ltd. | 2.14% | 0.14% | 0.14% |
 QBEQBE Insurance Group Ltd. | 1.70% | 0.11% | 0.11% |
 FMGFortescue Ltd | 1.89% | 0.11% | 0.11% |
 BXBBrambles Ltd. | 1.12% | 0.10% | 0.10% |
 COLColes Group Ltd. | 1.45% | 0.10% | 0.10% |
 NSTNorthern Star Resources Ltd. | 1.29% | 0.10% | 0.10% |
 ALLAristocrat Leisure Ltd | 1.38% | 0.09% | 0.09% |
 STOSantos Ltd. | 1.27% | 0.09% | 0.09% |
 EVNEvolution Mining Ltd | 1.24% | 0.08% | 0.08% |
 TLSTelstra Group Ltd. | 1.02% | 0.07% | 0.07% |
 ORGOrigin Energy Ltd | 0.93% | 0.07% | 0.07% |
 SCGScentre Group | 0.99% | 0.06% | 0.06% |
 SUNSuncorp Group Ltd | 0.94% | 0.06% | 0.06% |
Frequently Asked Questions
How much do EWA and EFA overlap?
EWA and EFA overlap by 6.7% of portfolio weight. They share 48 holdings (EWA holds 48 positions and EFA holds 705), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWA and EFA?
The two portfolios are 6.7% 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 EWA and EFA?
The largest positions held by both funds are CBA, BHP, WBC, NAB and ANZ. Together the top 10 shared positions account for 65% of the total overlap.
What does EWA own that EFA doesn't?
Nothing. Every position in EWA is also held by EFA. In the other direction, 657 positions (92.4% of EFA) are unique to EFA.