SPDW vs IEFA: Holdings Overlap
SPDWState Street® SPDR® Portfolio Developed World ex-US ETF
State Street (SPDR) · 2342 holdings · $40.5B · as of 2026-08-04
IEFAiShares Core MSCI EAFE ETF
iShares · 2632 holdings · $193.5B · as of 2026-04-30
Holdings snapshots are 96 days apart (SPDW: 2026-08-04, IEFA: 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 IEFA?
State Street® SPDR® Portfolio Developed World ex-US ETF (SPDW, by State Street (SPDR)) holds 2342 positions; iShares Core MSCI EAFE ETF (IEFA, by iShares) holds 2632. They have 1510 holdings in common, and by portfolio weight the two funds are 74.3% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 74.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1510SPDW holds 2342 · IEFA holds 2632
- Weight in Shared Holdings
- SPDW 77%·IEFA 91%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
832 of 2342 positions (21.1% of the fund) are not held by IEFA. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPDW | IEFA |
|---|---|---|
| Financials | 21.9% | 20.5% |
| Industrials | 13.2% | 16.0% |
| Information Technology | 12.6% | 7.9% |
| Health Care | 6.3% | 8.3% |
| Materials | 5.9% | 5.4% |
| Other Sectors | 21.5% | 24.3% |
| Unclassified | 17.3% | 17.0% |
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 (18% of SPDW, 17% of IEFA).
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% |
| IEFA | +4.2% | +14.8% | +24.5% | +17.9% | +9.3% | +9.8% | 3.25% |
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 IEFA →
Shared Holdings(1510)
The top 10 shared positions account for 12% of the overlap, led by ASML, HSBA and ROP.
 ASMLASML Holding NV | 1.96% | 2.21% | 1.96% |
|---|---|---|---|
 HSBAHSBC Holdings PLC | 1.03% | 1.24% | 1.03% |
 ROPRoche Holding AG | 0.93% | 1.13% | 0.93% |
 NOVNNovartis AG (Registered) | 0.83% | 1.11% | 0.83% |
 8306Mitsubishi UFJ Financial Group Inc. NPV | 0.81% | 0.80% | 0.80% |
 NESNNestle SA (Registered) | 0.76% | 1.03% | 0.76% |
 SHELShell PLC | 0.76% | 1.02% | 0.76% |
 AZNAstraZeneca PLC ORD USD0.25 | 0.73% | 1.16% | 0.73% |
 SIESiemens AG (Registered) | 0.68% | 0.89% | 0.68% |
 7203Toyota Motor Corp. NPV | 0.67% | 0.71% | 0.67% |
 BHPBHP Group Ltd. | 0.66% | 0.79% | 0.66% |
 SANBanco Santander SA | 0.64% | 0.70% | 0.64% |
 CBACommonwealth Bank of Australia | 0.62% | 0.83% | 0.62% |
 SAPSAP SE | 0.59% | 0.69% | 0.59% |
 SUSchneider Electric SE | 0.57% | 0.69% | 0.57% |
 ALVAllianz SE (Registered) | 0.56% | 0.68% | 0.56% |
 RR-Rolls-Royce Holdings PLC | 0.54% | 0.53% | 0.53% |
 TTETotalEnergies SE EUR2.5 | 0.51% | 0.73% | 0.51% |
 UBSGUBS Group AG (Registered) | 0.50% | 0.55% | 0.50% |
 8316Sumitomo Mitsui Financial Group Inc. NPV | 0.49% | 0.51% | 0.49% |
 8035Tokyo Electron Ltd. NPV | 0.49% | 0.52% | 0.49% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 0.48% | 0.50% | 0.48% |
 ABBNABB Ltd. (Registered) | 0.48% | 0.62% | 0.48% |
 6857Advantest Corp. NPV | 0.48% | 0.56% | 0.48% |
 6501Hitachi Ltd. NPV | 0.47% | 0.57% | 0.47% |
Showing the top 250 of 1510 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPDW and IEFA overlap?
SPDW and IEFA overlap by 74.3% of portfolio weight. They share 1510 holdings (SPDW holds 2342 positions and IEFA holds 2632), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPDW and IEFA?
The two portfolios are 74.3% 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 IEFA?
The largest positions held by both funds are ASML, HSBA, ROP, NOVN and 8306. Together the top 10 shared positions account for 12% of the total overlap.
What does SPDW own that IEFA doesn't?
832 positions (21.1% of SPDW) are unique to SPDW, led by SMSN, A000660 and RY. In the other direction, 1122 positions (8.0% of IEFA) are unique to IEFA.