EZU vs FEZ: Holdings Overlap
iShares · 226 holdings · $9.8B · 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 (EZU: 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 EZU and FEZ?
iShares MSCI Eurozone ETF (EZU, by iShares) holds 226 positions; State Street® SPDR® EURO STOXX 50® ETF (FEZ, by State Street (SPDR)) holds 50. They have 49 holdings in common, and by portfolio weight the two funds are 63.0% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 63.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 49EZU holds 226 · FEZ holds 50
- Weight in Shared Holdings
- EZU 63%·FEZ 98%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 EZU
177 of 226 positions (36.8% of the fund) are not held by FEZ. Showing the top 30 by weight.
Sector Breakdown
| Sector | EZU | FEZ |
|---|---|---|
| Financials | 23.5% | 28.2% |
| Industrials | 19.2% | 21.9% |
| Information Technology | 15.4% | 12.6% |
| Consumer Discretionary | 6.9% | 9.6% |
| Utilities | 6.4% | 4.6% |
| Other Sectors | 23.0% | 20.9% |
| 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 EZU, 0% of FEZ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EZU | +4.0% | +13.7% | +23.6% | +19.3% | +10.3% | +10.8% | 2.57% |
| 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 EZU vs FEZ →
Shared Holdings(49)
The top 10 shared positions account for 45% of the overlap, led by ASML, SIE and SAP.
 ASMLASML Holding NV | 8.09% | 8.78% | 8.09% |
|---|---|---|---|
 SIESiemens AG (Registered) | 3.07% | 4.41% | 3.07% |
 SAPSAP SE | 2.43% | 3.81% | 2.43% |
 SANBanco Santander SA | 2.37% | 4.16% | 2.37% |
 TTETotalEnergies SE EUR2.5 | 2.24% | 3.73% | 2.24% |
 SUSchneider Electric SE EUR4.00 | 2.22% | 3.82% | 2.22% |
 ALVAllianz SE (Registered) | 2.17% | 3.69% | 2.17% |
 ENRSiemens Energy AG | 1.89% | 2.75% | 1.89% |
 IBEIberdrola, S.A. EUR0.75 | 1.88% | 2.87% | 1.88% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 1.75% | 2.62% | 1.75% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 1.72% | 3.05% | 1.72% |
 SAFSafran SA | 1.63% | 2.89% | 1.63% |
 AIRAirbus SE | 1.60% | 2.75% | 1.60% |
 DTEDeutsche Telekom AG (Registered) | 1.59% | 2.22% | 1.59% |
 UCGUniCredit SpA | 1.56% | 2.81% | 1.56% |
 AIAir Liquide SA | 1.54% | 2.43% | 1.54% |
 BNPBNP Paribas SA | 1.40% | 2.57% | 1.40% |
 ORL'Oreal SA | 1.37% | 2.07% | 1.37% |
| SANSanofi SA | 1.24% | 1.84% | 1.24% |
 ISPIntesa Sanpaolo SpA | 1.21% | 2.30% | 1.21% |
 ENELEnel S.p.A. EUR1 | 1.18% | 1.71% | 1.18% |
 INGAING Groep NV | 1.17% | 1.98% | 1.17% |
 ABIAnheuser-Busch InBev SA/NV | 1.02% | 1.66% | 1.02% |
 CSAxa SA EUR2.29 | 0.99% | 1.74% | 0.99% |
 DGVinci SA | 0.93% | 1.62% | 0.93% |
Frequently Asked Questions
How much do EZU and FEZ overlap?
EZU and FEZ overlap by 63.0% of portfolio weight. They share 49 holdings (EZU holds 226 positions and FEZ holds 50), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EZU and FEZ?
The two portfolios are 63.0% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of EZU and FEZ?
The largest positions held by both funds are ASML, SIE, SAP, SAN and TTE. Together the top 10 shared positions account for 45% of the total overlap.
What does EZU own that FEZ doesn't?
177 positions (36.8% of EZU) are unique to EZU, led by IFX, NOKIA and GLE. In the other direction, 1 positions (0.0% of FEZ) are unique to FEZ.