EZU vs VGK: Holdings Overlap
iShares · 226 holdings · $9.8B · 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 (EZU: 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 EZU and VGK?
iShares MSCI Eurozone ETF (EZU, by iShares) holds 226 positions; Vanguard European Stock Index Fund (VGK, by Vanguard) holds 1222. They have 218 holdings in common, and by portfolio weight the two funds are 46.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 46.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 218EZU holds 226 · VGK holds 1222
- Weight in Shared Holdings
- EZU 98%·VGK 46%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
8 of 226 positions (1.7% of the fund) are not held by VGK.
Sector Breakdown
| Sector | EZU | VGK |
|---|---|---|
| Financials | 23.5% | 21.4% |
| Industrials | 19.2% | 16.6% |
| Information Technology | 15.4% | 7.4% |
| Health Care | 5.2% | 11.1% |
| Consumer Staples | 5.2% | 7.4% |
| Other Sectors | 25.8% | 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 EZU, 14% of VGK).
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% |
| 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 EZU vs VGK →
Shared Holdings(218)
The top 10 shared positions account for 29% of the overlap, led by ASML, SIE and SAN.
 ASMLASML Holding NV | 8.09% | 3.61% | 3.61% |
|---|---|---|---|
 SIESiemens AG (Registered) | 3.07% | 1.40% | 1.40% |
 SANBanco Santander SA | 2.37% | 1.15% | 1.15% |
 ALVAllianz SE (Registered) | 2.17% | 1.12% | 1.12% |
 SAPSAP SE | 2.43% | 1.11% | 1.11% |
 SUSchneider Electric SE EUR4.00 | 2.22% | 1.11% | 1.11% |
 TTETotalEnergies SE EUR2.5 | 2.24% | 1.09% | 1.09% |
 ENRSiemens Energy AG | 1.89% | 1.01% | 1.01% |
 IBEIberdrola, S.A. EUR0.75 | 1.88% | 0.99% | 0.99% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 1.75% | 0.88% | 0.88% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 1.72% | 0.81% | 0.81% |
 AIRAirbus SE | 1.60% | 0.78% | 0.78% |
 UCGUniCredit SpA | 1.56% | 0.75% | 0.75% |
 SAFSafran SA | 1.63% | 0.72% | 0.72% |
 DTEDeutsche Telekom AG (Registered) | 1.59% | 0.71% | 0.71% |
 ISPIntesa Sanpaolo SpA | 1.21% | 0.67% | 0.67% |
 BNPBNP Paribas SA | 1.40% | 0.67% | 0.67% |
| SANSanofi SA | 1.24% | 0.65% | 0.65% |
 ENELEnel S.p.A. EUR1 | 1.18% | 0.58% | 0.58% |
 IFXInfineon Technologies AG ORD NPV (REGD) | 1.60% | 0.56% | 0.56% |
 INGAING Groep NV | 1.17% | 0.54% | 0.54% |
 MUV2Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | 0.88% | 0.50% | 0.50% |
 CSAxa SA EUR2.29 | 0.99% | 0.50% | 0.50% |
 DGVinci SA | 0.93% | 0.49% | 0.49% |
 RHMRheinmetall AG | 0.89% | 0.46% | 0.46% |
Frequently Asked Questions
How much do EZU and VGK overlap?
EZU and VGK overlap by 46.2% of portfolio weight. They share 218 holdings (EZU holds 226 positions and VGK holds 1222), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EZU and VGK?
The two portfolios are 46.2% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of EZU and VGK?
The largest positions held by both funds are ASML, SIE, SAN, ALV and SAP. Together the top 10 shared positions account for 29% of the total overlap.
What does EZU own that VGK doesn't?
8 positions (1.7% of EZU) are unique to EZU, led by NBIS, Euro and AER. In the other direction, 1004 positions (53.2% of VGK) are unique to VGK.