EWL vs VGK: Holdings Overlap
EWLiShares MSCI Switzerland ETF
iShares · 42 holdings · $2.2B · 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 (EWL: 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 EWL and VGK?
iShares MSCI Switzerland ETF (EWL, by iShares) holds 42 positions; Vanguard European Stock Index Fund (VGK, by Vanguard) holds 1222. They have 40 holdings in common, and by portfolio weight the two funds are 12.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 40EWL holds 42 · VGK holds 1222
- Weight in Shared Holdings
- EWL 98%·VGK 13%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 EWL
2 of 42 positions (0.3% of the fund) are not held by VGK.
- SWISS FRANC0.29%
- Euro0.04%
Sector Breakdown
| Sector | EWL | VGK |
|---|---|---|
| Health Care | 37.9% | 11.1% |
| Financials | 17.3% | 21.4% |
| Industrials | 11.3% | 16.6% |
| Consumer Staples | 14.3% | 7.4% |
| Information Technology | 1.1% | 7.4% |
| Other Sectors | 13.4% | 21.9% |
| Unclassified | 3.2% | 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 (3% of EWL, 14% of VGK).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWL | +1.7% | +9.5% | +22.3% | +13.4% | +7.3% | +10.1% | 1.69% |
| 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 EWL vs VGK →
Shared Holdings(40)
The top 10 shared positions account for 74% of the overlap, led by ROP, NOVN and NESN.
 ROPRoche Holding AG | 14.03% | 1.84% | 1.84% |
|---|---|---|---|
 NOVNNovartis AG (Registered) | 13.56% | 1.83% | 1.83% |
 NESNNestle SA (Registered) | 12.34% | 1.68% | 1.68% |
 ABBNABB Ltd. (Registered) | 5.41% | 1.01% | 1.01% |
 UBSGUBS Group AG (Registered) | 5.13% | 0.89% | 0.89% |
 ZURNZurich Insurance Group AG | 4.44% | 0.67% | 0.67% |
 CFRCie Financiere Richemont SA (Registered) | 4.78% | 0.65% | 0.65% |
 SRENSwiss Re AG | 2.32% | 0.30% | 0.30% |
 HOLNHolcim AG | 2.64% | 0.29% | 0.29% |
 LONNLonza Group AG (Registered) | 2.35% | 0.27% | 0.27% |
 GALDGalderma Group AG | 2.24% | 0.25% | 0.25% |
 ALCAlcon AG | 1.77% | 0.24% | 0.24% |
 SLHNSwiss Life Holding AG | 1.69% | 0.22% | 0.22% |
 SDZSandoz Group AG | 1.93% | 0.21% | 0.21% |
 SIKASika AG | 1.63% | 0.19% | 0.19% |
 GIVNGivaudan SA (Registered) | 1.83% | 0.18% | 0.18% |
 PGHNPartners Group Holding AG | 1.32% | 0.15% | 0.15% |
 GEBNGeberit AG | 1.23% | 0.14% | 0.14% |
 SCMNSwisscom AG | 1.29% | 0.14% | 0.14% |
 HBANHelvetia Baloise Holding AG | 1.37% | 0.13% | 0.13% |
 VACNVAT Group AG | 1.37% | 0.13% | 0.13% |
 SGSNSGS SA (Registered) | 1.10% | 0.12% | 0.12% |
 BAERJulius Baer Group Ltd | 1.03% | 0.11% | 0.11% |
 LOGNLogitech International S.A., Class R | 1.09% | 0.09% | 0.09% |
 LISNChocoladefabriken Lindt & Spruengli AG | 0.78% | 0.09% | 0.09% |
Frequently Asked Questions
How much do EWL and VGK overlap?
EWL and VGK overlap by 12.7% of portfolio weight. They share 40 holdings (EWL holds 42 positions and VGK holds 1222), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWL and VGK?
The two portfolios are 12.7% 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 EWL and VGK?
The largest positions held by both funds are ROP, NOVN, NESN, ABBN and UBSG. Together the top 10 shared positions account for 74% of the total overlap.
What does EWL own that VGK doesn't?
2 positions (0.3% of EWL) are unique to EWL, led by SWISS FRANC and Euro. In the other direction, 1182 positions (86.7% of VGK) are unique to VGK.