SPDW vs EFA: Holdings Overlap
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
iShares · 705 holdings · $79.3B · as of 2026-04-30
Holdings snapshots are 96 days apart (SPDW: 2026-08-04, EFA: 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 SPDW and EFA?
State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342 positions; iShares MSCI EAFE ETF (EFA, by iShares) holds 705. They have 654 holdings in common, and by portfolio weight the two funds are 68.0% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 68.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 654SPDW holds 2342 · EFA holds 705
- Weight in Shared Holdings
- SPDW 69%·EFA 96%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 SPDW
1688 of 2342 positions (29.8% of the fund) are not held by EFA. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPDW | EFA |
|---|---|---|
| Financials | 21.9% | 23.8% |
| Industrials | 13.2% | 18.5% |
| Information Technology | 12.6% | 9.1% |
| Health Care | 6.3% | 9.7% |
| Consumer Staples | 5.1% | 6.8% |
| Other Sectors | 22.3% | 25.8% |
| Unclassified | 17.3% | 5.5% |
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 (18% of SPDW, 6% of EFA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPDW | +3.1% | +17.9% | +30.1% | +19.9% | +10.1% | +10.3% | 2.94% |
| EFA | +4.2% | +14.8% | +25.0% | +17.9% | +9.6% | +9.7% | 3.10% |
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 SPDW vs EFA →
Shared Holdings(654)
The top 10 shared positions account for 13% of the overlap, led by ASML, HSBA and ROP.
 ASMLASML Holding NV | 1.96% | 2.58% | 1.96% |
|---|---|---|---|
 HSBAHSBC Holdings PLC | 1.03% | 1.45% | 1.03% |
 ROPRoche Holding AG | 0.93% | 1.32% | 0.93% |
 NOVNNovartis AG (Registered) | 0.83% | 1.29% | 0.83% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.81% | 0.93% | 0.81% |
 NESNNestle SA (Registered) | 0.76% | 1.20% | 0.76% |
 SHELShell PLC | 0.76% | 1.19% | 0.76% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.73% | 1.35% | 0.73% |
 SIESiemens AG (Registered) | 0.68% | 1.04% | 0.68% |
 7203Toyota Motor Corp. NPV | 0.67% | 0.84% | 0.67% |
 BHPBHP Group Ltd. | 0.66% | 0.93% | 0.66% |
 SANBanco Santander SA | 0.64% | 0.82% | 0.64% |
 CBACommonwealth Bank of Australia | 0.62% | 0.97% | 0.62% |
 SAPSAP SE | 0.59% | 0.81% | 0.59% |
 SUSchneider Electric SE | 0.57% | 0.80% | 0.57% |
 ALVAllianz SE (Registered) | 0.56% | 0.80% | 0.56% |
 RR-Rolls-Royce Holdings PLC | 0.54% | 0.62% | 0.54% |
 TTETotalEnergies SE EUR2.5 | 0.51% | 0.85% | 0.51% |
 UBSGUBS Group AG (Registered) | 0.50% | 0.65% | 0.50% |
 8316Sumitomo Mitsui Financial Group Inc. NPV | 0.49% | 0.60% | 0.49% |
 8035Tokyo Electron Ltd. NPV | 0.49% | 0.61% | 0.49% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 0.48% | 0.58% | 0.48% |
 ABBNABB Ltd. (Registered) | 0.48% | 0.73% | 0.48% |
 6857Advantest Corp. NPV | 0.48% | 0.66% | 0.48% |
 6501Hitachi Ltd. NPV | 0.47% | 0.67% | 0.47% |
Showing the top 250 of 654 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPDW and EFA overlap?
SPDW and EFA overlap by 68.0% of portfolio weight. They share 654 holdings (SPDW holds 2342 positions and EFA holds 705), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPDW and EFA?
The two portfolios are 68.0% 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 SPDW and EFA?
The largest positions held by both funds are ASML, HSBA, ROP, NOVN and 8306. Together the top 10 shared positions account for 13% of the total overlap.
What does SPDW own that EFA doesn't?
1688 positions (29.8% of SPDW) are unique to SPDW, led by SMSN, A000660 and RY. In the other direction, 51 positions (3.7% of EFA) are unique to EFA.