etf overlap · little overlap

CNDX vs SMEA overlap

0.5% of CNDX and SMEA is the same money, spread over 3 companies both funds hold.

Holdings as of October 14, 2026 · source: iShares (CNDX), iShares (SMEA) · How we measured all 1,431 pairs

overlapfull holdings, by weight
0.5%of each fund is money the other holds at the same weight, across 3 shared companies.
CNDX
99%
SMEA
99%
  • same money
  • same companies, extra weight
  • only in this fund
Overlap = the sum, over companies both funds hold, of the smaller of the two weights. Cash and derivatives excluded.
01Shared

The companies you would own twice

held by bothtop 3 of 3
companyCNDXSMEA
NBNBISNEBIUS NV CLASS A0.19%0.28%
FEFERFERROVIAL NV0.16%0.17%
CCCCEPCOCA COLA EUROPACIFIC PARTNERS PLC0.20%0.16%
02Different

What only one of them gives you

only in CNDX98 names
NVIDIA logoNVDANVIDIA8.22%
APPLE logoAAPLAPPLE7.71%
MICROSOFT logoMSFTMICROSOFT6.11%
MICRON TECHNOLOGY logoMUMICRON TECHNOLOGY4.39%
AMAZON.COM INC logoAMZNAMAZON.COM INC4.22%
ADVANCED MICRO DEVICES logoAMDADVANCED MICRO DEVICES3.96%
META PLATFORMS CLASS A logoMETAMETA PLATFORMS CLASS A3.38%
ALPHABET CLASS A logoGOOGLALPHABET CLASS A3.15%
only in SMEA382 names
ASASMLASML HOLDING4.87%
HSHSBAHSBC HOLDINGS PLC2.38%
ROCHE PS PAR AG logoROPROCHE PS PAR AG2.29%
SHSHELSHELL2.20%
NONOVNNOVARTIS AG1.98%
AZAZNASTRAZENECA PLC1.81%
NENESNNESTLE SA1.79%
SASAPSAP1.64%
03Sectors

Where each fund puts its money

sectorsCNDX vs SMEA, share of each fund
Information Technology58.16%9.41%
Financials0.20%24.71%
Industrials3.24%18.18%
Communication Services15.02%3.00%
Health Care4.25%12.91%
Consumer Discretionary10.44%5.97%
Consumer Staples6.11%8.63%
Materials0.97%5.46%
Energy0.47%5.76%
Utilities1.10%4.85%
Real Estate0.00%0.53%
04Questions

CNDX and SMEA: what people ask

questions6 answered

How much do CNDX and SMEA overlap?

0.5% by weight, as of October 14, 2026: little overlap. 3 companies appear in both funds; they make up 0.5% of CNDX and 0.6% of SMEA.

Which stocks do CNDX and SMEA both hold?

The largest shared positions are NBIS, FER and CCEP. Ranked by the smaller of the two weights, which is the part you would own twice.

Is it redundant to hold both CNDX and SMEA?

Out of every €100 split evenly between them, about €1 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 98 names only in CNDX, 382 only in SMEA. Half in each behaves like 97 equally weighted stocks, against 31 for CNDX alone and 104 for SMEA alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.

Do CNDX and SMEA track the same index?

No. CNDX (ISIN IE00B53SZB19) tracks the Nasdaq-100 index, SMEA (ISIN IE00B4K48X80) the MSCI Europe. As of October 14, 2026, 98 companies are only in CNDX (99% of the fund) and 382 only in SMEA (99% of it).

Does the CNDX vs SMEA overlap apply to other tickers?

Yes. CNDX also trades as CNX1 (London, GBP), SXRV (Xetra, EUR) and CSNDX (Borsa Italiana, EUR). SMEA also trades as IMAE (Euronext Amsterdam, EUR) and EUNK (Xetra, EUR). Each is the same portfolio in another currency, on another exchange or paying its dividends out, so SXRV vs EUNK also overlaps 0.5%.

How is ETF overlap calculated here?

For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files iShares publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.

Hold CNDX and SMEA?Import your positions and see what your funds hold together, company by company, with the fees you pay on each.Import my portfolio

Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.