EWG vs VGK: Holdings Overlap
iShares · 55 holdings · $1.6B · as of 2026-05-31
VGKVanguard European Stock Index Fund
Vanguard · 1222 holdings · $30.9B · as of 2026-04-30
Holdings snapshots are 31 days apart (EWG: 2026-05-31, VGK: 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 EWG and VGK?
iShares MSCI Germany ETF (EWG, by iShares) holds 55 positions; Vanguard European Stock Index Fund (VGK, by Vanguard) holds 1222. They have 51 holdings in common, and by portfolio weight the two funds are 12.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 51EWG holds 55 · VGK holds 1222
- Weight in Shared Holdings
- EWG 99%·VGK 12%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
4 of 55 positions (1.2% of the fund) are not held by VGK.
Sector Breakdown
| Sector | EWG | VGK |
|---|---|---|
| Industrials | 28.6% | 16.6% |
| Financials | 20.0% | 21.4% |
| Information Technology | 15.7% | 7.4% |
| Health Care | 5.9% | 11.1% |
| Consumer Staples | 1.4% | 7.4% |
| Other Sectors | 22.8% | 21.9% |
| Unclassified | 5.4% | 13.7% |
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, 14% of VGK).
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% |
| VGK | +4.0% | +12.8% | +23.3% | +17.9% | +9.6% | +10.3% | 2.77% |
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 VGK →
Shared Holdings(51)
The top 10 shared positions account for 62% of the overlap, led by SIE, ALV and SAP.
 SIESiemens AG (Registered) | 11.97% | 1.40% | 1.40% |
|---|---|---|---|
 ALVAllianz SE (Registered) | 8.47% | 1.12% | 1.12% |
 SAPSAP SE | 9.49% | 1.11% | 1.11% |
 ENRSiemens Energy AG | 7.37% | 1.01% | 1.01% |
 DTEDeutsche Telekom AG (Registered) | 6.21% | 0.71% | 0.71% |
 IFXInfineon Technologies AG | 6.22% | 0.56% | 0.56% |
 MUV2Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | 3.45% | 0.50% | 0.50% |
 RHMRheinmetall AG | 3.48% | 0.46% | 0.46% |
 BASBASF SE | 2.66% | 0.37% | 0.37% |
 DB1Deutsche Boerse AG | 2.73% | 0.36% | 0.36% |
 DHLDeutsche Post AG | 2.75% | 0.35% | 0.35% |
 DBKDeutsche Bank AG | 2.96% | 0.35% | 0.35% |
 EOANE ON SE | 2.40% | 0.32% | 0.32% |
 RWERWE AG | 2.02% | 0.31% | 0.31% |
 BAYNBayer AG (Registered) | 2.10% | 0.28% | 0.28% |
 MBGMercedes-Benz Group AG | 2.20% | 0.28% | 0.28% |
 ADSadidas AG | 1.66% | 0.19% | 0.19% |
 CBKCommerzbank AG | 1.58% | 0.18% | 0.18% |
 HEIHeidelberg Materials AG | 1.49% | 0.18% | 0.18% |
 BMWBayerische Motoren Werke AG | 1.23% | 0.16% | 0.16% |
 DTGDaimler Truck Holding AG | 1.13% | 0.16% | 0.16% |
 VOW3Volkswagen AG | 1.10% | 0.13% | 0.13% |
 FREFresenius SE & Co KGaA | 0.90% | 0.13% | 0.13% |
 VNAVonovia SE | 0.95% | 0.12% | 0.12% |
 MTXMTU Aero Engines AG | 0.99% | 0.12% | 0.12% |
Frequently Asked Questions
How much do EWG and VGK overlap?
EWG and VGK overlap by 12.2% of portfolio weight. They share 51 holdings (EWG holds 55 positions and VGK holds 1222), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWG and VGK?
The two portfolios are 12.2% 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 EWG and VGK?
The largest positions held by both funds are SIE, ALV, SAP, ENR and DTE. Together the top 10 shared positions account for 62% of the total overlap.
What does EWG own that VGK doesn't?
4 positions (1.2% of EWG) are unique to EWG, led by SRT3, P911 and PAH3. In the other direction, 1171 positions (87.2% of VGK) are unique to VGK.