etf overlap · light overlap

IWDA vs SMEA overlap

15% of IWDA and SMEA is the same money, spread over 384 companies both funds hold.

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

overlapfull holdings, by weight
15%of each fund is money the other holds at the same weight, across 384 shared companies.
IWDA
15%85%
SMEA
15%85%
  • 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 15 of 384
companyIWDASMEA
ASASMLASML HOLDING0.72%4.87%
HSHSBAHSBC HOLDINGS PLC0.35%2.38%
ROCHE PS PAR AG logoROPROCHE PS PAR AG0.34%2.29%
SHSHELSHELL0.33%2.20%
NONOVNNOVARTIS AG0.29%1.98%
AZAZNASTRAZENECA PLC0.27%1.81%
NENESNNESTLE SA0.26%1.79%
SASAPSAP0.25%1.64%
SISIESIEMENS N AG0.25%1.63%
SASANBANCO SANTANDER0.21%1.42%
ALALVALLIANZ0.20%1.33%
TTTTETOTALENERGIES0.19%1.28%
SUSUSCHNEIDER ELECTRIC0.18%1.19%
UBUBSGUBS GROUP AG0.16%1.08%
IBIBEIBERDROLA0.16%1.11%
02Different

What only one of them gives you

only in IWDA864 names
NVIDIA logoNVDANVIDIA5.59%
APPLE logoAAPLAPPLE5.54%
MICROSOFT logoMSFTMICROSOFT4.14%
AMAZON.COM INC logoAMZNAMAZON.COM INC2.70%
ALPHABET CLASS A logoGOOGLALPHABET CLASS A2.24%
META PLATFORMS CLASS A logoMETAMETA PLATFORMS CLASS A1.78%
ALPHABET CLASS C logoGOOGALPHABET CLASS C1.77%
BROADCOM INC logoAVGOBROADCOM INC1.72%
only in SMEA1 names
VSVSUREVERISURE PLC0.02%
03Sectors

Where each fund puts its money

sectorsIWDA vs SMEA, share of each fund
Information Technology30.95%9.41%
Financials15.55%24.71%
Industrials10.65%18.18%
Health Care9.33%12.91%
Consumer Discretionary8.49%5.97%
Consumer Staples5.07%8.63%
Communication Services8.19%3.00%
Energy4.35%5.76%
Materials3.12%5.46%
Utilities2.35%4.85%
Real Estate1.50%0.53%
04Questions

IWDA and SMEA: what people ask

questions6 answered

How much do IWDA and SMEA overlap?

15% by weight, as of October 14, 2026: light overlap. 384 companies appear in both funds; they make up 15% of IWDA and 99% of SMEA.

Which stocks do IWDA and SMEA both hold?

The largest shared positions are ASML, HSBA, ROP, SHEL and NOVN. Ranked by the smaller of the two weights, which is the part you would own twice.

Is it redundant to hold both IWDA and SMEA?

Out of every €100 split evenly between them, about €15 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 864 names only in IWDA, 1 only in SMEA. Half in each behaves like 163 equally weighted stocks, against 83 for IWDA 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 IWDA and SMEA track the same index?

No. IWDA (ISIN IE00B4L5Y983) tracks the MSCI World index, SMEA (ISIN IE00B4K48X80) the MSCI Europe. As of October 14, 2026, 864 companies are only in IWDA (85% of the fund) and 1 only in SMEA (0.0% of it).

Does the IWDA vs SMEA overlap apply to other tickers?

Yes. IWDA also trades as SWDA (London, GBP; Borsa Italiana, EUR) and EUNL (Xetra, 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 EUNL vs EUNK also overlaps 15%.

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 IWDA 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.