etf overlap · light overlap

SSAC vs SMEA overlap

13% of SSAC and SMEA is the same money, spread over 363 companies both funds hold.

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

overlapfull holdings, by weight
13%of each fund is money the other holds at the same weight, across 363 shared companies.
SSAC
13%87%
SMEA
13%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 363
companySSACSMEA
ASASMLASML HOLDING0.64%4.87%
HSHSBAHSBC HOLDINGS PLC0.31%2.38%
ROCHE PS PAR AG logoROPROCHE PS PAR AG0.30%2.29%
SHSHELSHELL0.28%2.20%
NONOVNNOVARTIS AG0.26%1.98%
AZAZNASTRAZENECA PLC0.24%1.81%
NENESNNESTLE SA0.23%1.79%
SISIESIEMENS N AG0.22%1.63%
SASAPSAP0.22%1.64%
SASANBANCO SANTANDER0.19%1.42%
TTTTETOTALENERGIES0.17%1.28%
ALALVALLIANZ0.17%1.33%
IBIBEIBERDROLA0.16%1.11%
RRRR.ROLLS-ROYCE HOLDINGS PLC0.15%1.10%
BBBBVABANCO BILBAO VIZCAYA ARGENTARIA SA0.15%1.06%
02Different

What only one of them gives you

only in SSAC1,276 names
NVIDIA logoNVDANVIDIA4.95%
APPLE logoAAPLAPPLE4.89%
MICROSOFT logoMSFTMICROSOFT3.64%
AMAZON.COM INC logoAMZNAMAZON.COM INC2.38%
ALPHABET CLASS A logoGOOGLALPHABET CLASS A1.97%
232330TAIWAN SEMICONDUCTOR MANUFACTURING1.86%
META PLATFORMS CLASS A logoMETAMETA PLATFORMS CLASS A1.56%
ALPHABET CLASS C logoGOOGALPHABET CLASS C1.56%
only in SMEA22 names
DPDPLMDIPLOMA PLC0.10%
UNUNIUNIPOL ASSICURAZIONI SPA0.08%
MAMAERSK AA P MOLLER MAERSK0.06%
SDSDLFSTANDARD LIFE PLC0.06%
TITIGOMILLICOM INTERNATIONAL CELLULAR0.05%
SBSBRYSAINSBURY(J) PLC0.05%
AMAMDASSAULT AVIATION SA0.05%
ABABVXABIVAX SA0.04%
03Sectors

Where each fund puts its money

sectorsSSAC vs SMEA, share of each fund
Financials17.74%24.71%
Information Technology32.04%9.41%
Industrials9.92%18.18%
Health Care8.38%12.91%
Consumer Discretionary8.15%5.97%
Consumer Staples4.66%8.63%
Communication Services7.79%3.00%
Energy4.00%5.76%
Materials3.25%5.46%
Utilities2.16%4.85%
Real Estate1.41%0.53%
04Questions

SSAC and SMEA: what people ask

questions6 answered

How much do SSAC and SMEA overlap?

13% by weight, as of October 14, 2026: light overlap. 363 companies appear in both funds; they make up 13% of SSAC and 99% of SMEA.

Which stocks do SSAC 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 SSAC and SMEA?

Out of every €100 split evenly between them, about €13 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 1,276 names only in SSAC, 22 only in SMEA. Half in each behaves like 180 equally weighted stocks, against 99 for SSAC 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 SSAC and SMEA track the same index?

No. SSAC (ISIN IE00B6R52259) tracks the MSCI All Country World (ACWI) index, SMEA (ISIN IE00B4K48X80) the MSCI Europe. As of October 14, 2026, 1,276 companies are only in SSAC (86% of the fund) and 22 only in SMEA (0.9% of it).

Does the SSAC vs SMEA overlap apply to other tickers?

Yes. SSAC also trades as ISAC (London, USD; Borsa Italiana, EUR) and IUSQ (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 IUSQ vs EUNK also overlaps 13%.

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.

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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.