IWF vs SMEA overlap

0.2% by weight, as of October 14, 2026: little overlap. 1 companies appear in both funds; they make up 0.2% of IWF and 0.6% of SMEA.

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

Out of every $100 split evenly between them, about $0 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 370 names only in IWF, 384 only in SMEA. Half in each behaves like 68 equally weighted stocks, against 20 for IWF alone and 104 for SMEA alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.

SMEA is iShares Core MSCI Europe UCITS ETF EUR (Acc) (ISIN IE00B4K48X80), an Irish-domiciled UCITS fund on the MSCI Europe index. Next to IWF, 0.2% of the money is the same, spread over 1 companies both hold, as of October 14, 2026.

Yes. 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 IWF vs EUNK also overlaps 0.2%.

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.