EWG vs GSIE: Holdings Overlap
iShares · 55 holdings · $1.6B · as of 2026-05-31
GSIEGoldman Sachs ActiveBeta(R) International Equity ETF
Goldman Sachs · 657 holdings · $6.0B · as of 2026-05-31
How similar are EWG and GSIE?
iShares MSCI Germany ETF (EWG, by iShares) holds 55 positions; Goldman Sachs ActiveBeta(R) International Equity ETF (GSIE, by Goldman Sachs) holds 657. They have 43 holdings in common, and by portfolio weight the two funds are 8.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 43EWG holds 55 · GSIE holds 657
- Weight in Shared Holdings
- EWG 93%·GSIE 8%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
12 of 55 positions (6.6% of the fund) are not held by GSIE.
Sector Breakdown
| Sector | EWG | GSIE |
|---|---|---|
| Industrials | 28.6% | 15.3% |
| Financials | 20.0% | 24.0% |
| Information Technology | 15.7% | 9.0% |
| Health Care | 5.9% | 8.0% |
| Consumer Staples | 1.4% | 6.9% |
| Other Sectors | 22.8% | 21.2% |
| Unclassified | 5.4% | 15.0% |
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, 15% of GSIE).
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% |
| GSIE | +5.0% | +14.2% | +23.8% | +18.4% | +9.5% | +9.8% | 2.43% |
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 GSIE →
Shared Holdings(43)
The top 10 shared positions account for 52% of the overlap, led by SIE, ALV and SAP.
 SIESiemens AG (Registered) | 11.97% | 0.58% | 0.58% |
|---|---|---|---|
 ALVAllianz SE (Registered) | 8.47% | 0.57% | 0.57% |
 SAPSAP SE ORD NPV | 9.49% | 0.48% | 0.48% |
 DHLDeutsche Post AG | 2.75% | 0.42% | 0.42% |
 ENRSiemens Energy AG | 7.37% | 0.42% | 0.42% |
 BAYNBayer AG (Registered) | 2.10% | 0.39% | 0.39% |
 DBKDeutsche Bank AG | 2.96% | 0.38% | 0.38% |
 MBGMercedes-Benz Group AG | 2.20% | 0.36% | 0.36% |
 ZALZalando SE | 0.31% | 0.30% | 0.30% |
 FMEFresenius Medical Care AG | 0.48% | 0.28% | 0.28% |
 ADSadidas AG | 1.66% | 0.25% | 0.25% |
 FREFresenius SE & Co KGaA | 0.90% | 0.22% | 0.22% |
 HEIHeidelberg Materials AG | 1.49% | 0.22% | 0.22% |
 DTEDeutsche Telekom AG (Registered) | 6.21% | 0.22% | 0.22% |
 KBXKnorr-Bremse AG | 0.44% | 0.20% | 0.20% |
 RAARational AG | 0.20% | 0.30% | 0.20% |
 DTGDaimler Truck Holding AG | 1.13% | 0.17% | 0.17% |
 NEMNemetschek SE | 0.21% | 0.17% | 0.17% |
 MUV2Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | 3.45% | 0.16% | 0.16% |
 IFXInfineon Technologies AG | 6.22% | 0.16% | 0.16% |
 BNRBrenntag SE | 0.41% | 0.15% | 0.15% |
 G1AGEA Group AG | 0.48% | 0.15% | 0.15% |
 HOTHochtief AG NPV | 0.44% | 0.13% | 0.13% |
 RHMRheinmetall AG | 3.48% | 0.11% | 0.11% |
 DHERDelivery Hero SE | 0.42% | 0.11% | 0.11% |
Frequently Asked Questions
How much do EWG and GSIE overlap?
EWG and GSIE overlap by 8.0% of portfolio weight. They share 43 holdings (EWG holds 55 positions and GSIE holds 657), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWG and GSIE?
The two portfolios are 8.0% 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 GSIE?
The largest positions held by both funds are SIE, ALV, SAP, DHL and ENR. Together the top 10 shared positions account for 52% of the total overlap.
What does EWG own that GSIE doesn't?
12 positions (6.6% of EWG) are unique to EWG, led by BMW, MTX and VNA. In the other direction, 614 positions (91.3% of GSIE) are unique to GSIE.