AVDV vs IEFA: 6% overlap
Avantis International Small Cap Value ETF and iShares Core MSCI EAFE ETF share 5.8% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 5 months apart — AVDV as of 2026-02-28, the rest through 2026-07-23. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
AVDV and IEFA hold 759 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AVDV | in IEFA | Δ |
|---|---|---|---|
| RMS | 0.5% | 0.2% | 0.3% |
| PRU | 0.8% | 0.2% | 0.6% |
| ORA | 0.1% | 0.1% | 0.0% |
| AIR | 0.1% | 0.5% | 0.5% |
| UNI | 0.1% | 0.1% | 0.1% |
| 5801 | 0.1% | 0.1% | 0.0% |
| ENLT | 0.2% | 0.1% | 0.2% |
| PHOE | 0.1% | 0.1% | 0.0% |
| ASRNL | 0.1% | 0.1% | 0.0% |
| BKT | 0.2% | 0.0% | 0.2% |
Where AVDV and IEFA differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | AVDV | IEFA | Δ |
|---|---|---|---|
| Unclassified | 20.7% | 0.0% | +20.7pp |
| Financials | 14.1% | 24.2% | −10.1pp |
| Materials | 15.6% | 6.4% | +9.3pp |
| Information Technology | 4.8% | 11.9% | −7.1pp |
| Health Care | 1.8% | 7.6% | −5.8pp |
| Consumer Staples | 2.8% | 6.7% | −3.9pp |
| Utilities | 1.9% | 4.2% | −2.3pp |
| Consumer Discretionary | 10.6% | 8.8% | +1.9pp |
Δ is AVDV minus IEFA, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
22.8% of AVDV by weight, held in no part of IEFA.
92.5% of IEFA by weight, held in no part of AVDV.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| AVDV | IEFA | |
|---|---|---|
| Top 10 holdings | 9.0% | 12.5% |
| Positions held | 1,646 | 2,567 |
| Cost per $10,000 held, per year | $36 | $7 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do AVDV and IEFA overlap?
AVDV and IEFA overlap 5.8% by portfolio weight — largely distinct portfolios. They share 759 holdings. The figure comes from current issuer holdings files (AVDV as of 2026-02-28, IEFA as of 2026-07-23).
How is the overlap between AVDV and IEFA calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AVDV holds a stock at 6% and IEFA holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both AVDV and IEFA?
That depends on your goals — we state facts, not advice. At 5.8% overlap, each fund still contributes meaningfully distinct exposure.
What does AVDV own that IEFA doesn't?
AVDV holds 1,646 positions and IEFA holds 2,567; 887 of AVDV's positions don't appear in IEFA at all, and they are 22.8% of AVDV by weight.
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Related comparisons
Sources: issuer holdings files, AVDV as of 2026-02-28, IEFA as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.