EWG vs FEZ: Holdings Overlap
iShares · 55 holdings · $1.6B · as of 2026-05-31
FEZState Street® SPDR® EURO STOXX 50® ETF
State Street (SPDR) · 51 holdings · $4.5B · as of 2026-08-06
Holdings snapshots are 67 days apart (EWG: 2026-05-31, 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 EWG and FEZ?
iShares MSCI Germany ETF (EWG, by iShares) holds 55 positions; State Street® SPDR® EURO STOXX 50® ETF (FEZ, by State Street (SPDR)) holds 50. They have 16 holdings in common, and by portfolio weight the two funds are 27.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 27.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16EWG holds 55 · FEZ holds 50
- Weight in Shared Holdings
- EWG 70%·FEZ 27%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
39 of 55 positions (29.9% of the fund) are not held by FEZ. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWG | FEZ |
|---|---|---|
| Industrials | 28.6% | 21.9% |
| Financials | 20.0% | 28.2% |
| Information Technology | 15.7% | 12.6% |
| Consumer Discretionary | 6.2% | 9.6% |
| Communication Services | 6.2% | 2.2% |
| Other Sectors | 17.7% | 23.2% |
| Unclassified | 5.4% | 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 (5% of EWG, 0% of FEZ).
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% |
| 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 EWG vs FEZ →
Shared Holdings(16)
The top 10 shared positions account for 85% of the overlap, led by SIE, SAP and ALV.
 SIESiemens AG (Registered) | 11.97% | 4.41% | 4.41% |
|---|---|---|---|
 SAPSAP SE | 9.49% | 3.81% | 3.81% |
 ALVAllianz SE (Registered) | 8.47% | 3.69% | 3.69% |
 ENRSiemens Energy AG | 7.37% | 2.75% | 2.75% |
 DTEDeutsche Telekom AG (Registered) | 6.21% | 2.22% | 2.22% |
 MUV2Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | 3.45% | 1.46% | 1.46% |
 DBKDeutsche Bank AG | 2.96% | 1.38% | 1.38% |
 RHMRheinmetall AG | 3.48% | 1.19% | 1.19% |
 DHLDeutsche Post AG | 2.75% | 1.15% | 1.15% |
 DB1Deutsche Boerse AG | 2.73% | 1.10% | 1.10% |
 BAYNBayer AG (Registered) | 2.10% | 1.07% | 1.07% |
 BASBASF SE | 2.66% | 1.01% | 1.01% |
 MBGMercedes-Benz Group AG | 2.20% | 0.74% | 0.74% |
 ADSadidas AG | 1.66% | 0.65% | 0.65% |
 BMWBayerische Motoren Werke AG | 1.23% | 0.43% | 0.43% |
 VOW3Volkswagen AG | 1.10% | 0.34% | 0.34% |
Frequently Asked Questions
How much do EWG and FEZ overlap?
EWG and FEZ overlap by 27.4% of portfolio weight. They share 16 holdings (EWG holds 55 positions and FEZ holds 50), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWG and FEZ?
The two portfolios are 27.4% 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 FEZ?
The largest positions held by both funds are SIE, SAP, ALV, ENR and DTE. Together the top 10 shared positions account for 85% of the total overlap.
What does EWG own that FEZ doesn't?
39 positions (29.9% of EWG) are unique to EWG, led by IFX, EOAN and RWE. In the other direction, 34 positions (70.3% of FEZ) are unique to FEZ.