EWG vs EZU: Holdings Overlap
iShares · 55 holdings · $1.6B · as of 2026-05-31
iShares · 226 holdings · $9.8B · as of 2026-05-31
How similar are EWG and EZU?
iShares MSCI Germany ETF (EWG, by iShares) holds 55 positions; iShares MSCI Eurozone ETF (EZU, by iShares) holds 226. They have 55 holdings in common, and by portfolio weight the two funds are 25.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 25.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 55EWG holds 55 · EZU holds 226
- Weight in Shared Holdings
- EWG 100%·EZU 26%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 EWG
Every position in EWG is also held by EZU, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | EWG | EZU |
|---|---|---|
| Industrials | 28.6% | 19.2% |
| Financials | 20.0% | 23.5% |
| Information Technology | 15.7% | 15.4% |
| Consumer Discretionary | 6.2% | 6.9% |
| Utilities | 4.4% | 6.4% |
| Other Sectors | 19.5% | 23.0% |
| Unclassified | 5.4% | 5.4% |
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 (5% of EWG, 5% of EZU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWG | +4.7% | +5.7% | +6.1% | +18.0% | +7.5% | +8.2% | 1.89% |
| EZU | +4.0% | +13.7% | +23.6% | +19.3% | +10.3% | +10.8% | 2.57% |
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 EWG vs EZU →
Shared Holdings(55)
The top 10 shared positions account for 62% of the overlap, led by SIE, SAP and ALV.
 SIESiemens AG (Registered) | 11.97% | 3.07% | 3.07% |
|---|---|---|---|
 SAPSAP SE | 9.49% | 2.43% | 2.43% |
 ALVAllianz SE (Registered) | 8.47% | 2.17% | 2.17% |
 ENRSiemens Energy AG | 7.37% | 1.89% | 1.89% |
 IFXInfineon Technologies AG ORD NPV (REGD) | 6.22% | 1.60% | 1.60% |
 DTEDeutsche Telekom AG (Registered) | 6.21% | 1.59% | 1.59% |
 RHMRheinmetall AG | 3.48% | 0.89% | 0.89% |
 MUV2Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | 3.45% | 0.88% | 0.88% |
 DBKDeutsche Bank AG (Registered) | 2.96% | 0.76% | 0.76% |
 DHLDeutsche Post AG | 2.75% | 0.71% | 0.71% |
 DB1Deutsche Boerse AG | 2.73% | 0.70% | 0.70% |
 BASBASF SE | 2.66% | 0.68% | 0.68% |
 EOANE ON SE | 2.40% | 0.61% | 0.61% |
 MBGMercedes-Benz Group AG | 2.20% | 0.57% | 0.57% |
 BAYNBayer AG (Registered) | 2.10% | 0.54% | 0.54% |
 RWERWE AG | 2.02% | 0.52% | 0.52% |
 ADSadidas AG | 1.66% | 0.42% | 0.42% |
 CBKCommerzbank AG | 1.58% | 0.41% | 0.41% |
 HEIHeidelberg Materials AG | 1.49% | 0.38% | 0.38% |
 BMWBayerische Motoren Werke AG | 1.23% | 0.31% | 0.31% |
 DTGDaimler Truck Holding AG | 1.13% | 0.29% | 0.29% |
 VOW3Volkswagen AG (Preference) | 1.10% | 0.28% | 0.28% |
| Euro | 0.26% | 0.50% | 0.26% |
 MRKMerck KGaA | 0.99% | 0.25% | 0.25% |
 MTXMTU Aero Engines AG | 0.99% | 0.25% | 0.25% |
Frequently Asked Questions
How much do EWG and EZU overlap?
EWG and EZU overlap by 25.8% of portfolio weight. They share 55 holdings (EWG holds 55 positions and EZU holds 226), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWG and EZU?
The two portfolios are 25.8% 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 EWG and EZU?
The largest positions held by both funds are SIE, SAP, ALV, ENR and IFX. Together the top 10 shared positions account for 62% of the total overlap.
What does EWG own that EZU doesn't?
Nothing. Every position in EWG is also held by EZU. In the other direction, 171 positions (73.8% of EZU) are unique to EZU.