EWU vs SPDW: Holdings Overlap
EWUiShares MSCI United Kingdom ETF
iShares · 74 holdings · $4.1B · as of 2026-05-31
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
Holdings snapshots are 65 days apart (EWU: 2026-05-31, SPDW: 2026-08-04). 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 EWU and SPDW?
iShares MSCI United Kingdom ETF (EWU, by iShares) holds 74 positions; State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342. They have 65 holdings in common, and by portfolio weight the two funds are 9.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 65EWU holds 74 · SPDW holds 2342
- Weight in Shared Holdings
- EWU 94%·SPDW 10%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 EWU
9 of 74 positions (5.0% of the fund) are not held by SPDW.
Sector Breakdown
| Sector | EWU | SPDW |
|---|---|---|
| Financials | 25.1% | 21.9% |
| Consumer Staples | 15.1% | 5.1% |
| Industrials | 13.0% | 13.2% |
| Health Care | 12.6% | 6.3% |
| Information Technology | 1.1% | 12.6% |
| Other Sectors | 30.0% | 22.3% |
| Unclassified | 2.4% | 17.3% |
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 (2% of EWU, 18% of SPDW).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWU | +3.2% | +12.2% | +24.2% | +18.7% | +12.2% | +8.6% | 3.07% |
| SPDW | +3.1% | +17.9% | +30.1% | +19.9% | +10.1% | +10.3% | 2.94% |
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 EWU vs SPDW →
Shared Holdings(65)
The top 10 shared positions account for 53% of the overlap, led by HSBA, SHEL and AZN.
 HSBAHSBC Holdings PLC | 10.06% | 1.03% | 1.03% |
|---|---|---|---|
 SHELShell PLC | 7.51% | 0.76% | 0.76% |
 AZNAstraZeneca PLC ORD USD0.25 | 8.98% | 0.73% | 0.73% |
 RR-Rolls-Royce Holdings PLC | 4.71% | 0.54% | 0.54% |
 ULVRUnilever PLC | 3.83% | 0.41% | 0.41% |
 BP-BP plc | 3.47% | 0.35% | 0.35% |
 BATSBritish American Tobacco PLC | 4.20% | 0.34% | 0.34% |
 RIORio Tinto PLC | 3.74% | 0.32% | 0.32% |
 GSKGSK plc | 3.21% | 0.31% | 0.31% |
 LLOYLloyds Banking Group PLC | 2.51% | 0.30% | 0.30% |
 BARCBarclays PLC | 2.64% | 0.29% | 0.29% |
 NG-National Grid PLC | 2.49% | 0.24% | 0.24% |
 GLENPENGlencore PLC | 2.37% | 0.23% | 0.23% |
 NWGNatWest Group PLC | 2.01% | 0.23% | 0.23% |
 AALAnglo American PLC | 1.87% | 0.19% | 0.19% |
 RELRELX plc | 1.85% | 0.19% | 0.19% |
 CPGCompass Group PLC | 1.70% | 0.16% | 0.16% |
 STANStandard Chartered PLC | 1.60% | 0.16% | 0.16% |
 LSEGLondon Stock Exchange Group PLC | 1.73% | 0.16% | 0.16% |
 DGEDiageo PLC | 1.42% | 0.15% | 0.15% |
 RKTReckitt Benckiser Group PLC | 1.24% | 0.14% | 0.14% |
 HLNHaleon PLC | 1.25% | 0.13% | 0.13% |
 TSCOTesco PLC | 1.15% | 0.13% | 0.13% |
 VODVodafone Group PLC | 0.88% | 0.12% | 0.12% |
 SSESSE plc | 1.18% | 0.12% | 0.12% |
Frequently Asked Questions
How much do EWU and SPDW overlap?
EWU and SPDW overlap by 9.6% of portfolio weight. They share 65 holdings (EWU holds 74 positions and SPDW holds 2342), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWU and SPDW?
The two portfolios are 9.6% 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 EWU and SPDW?
The largest positions held by both funds are HSBA, SHEL, AZN, RR- and ULVR. Together the top 10 shared positions account for 53% of the total overlap.
What does EWU own that SPDW doesn't?
9 positions (5.0% of EWU) are unique to EWU, led by BA-, SUNB and EDV. In the other direction, 2277 positions (89.0% of SPDW) are unique to SPDW.