EFA vs VTIVX: 16% overlap
iShares MSCI EAFE ETF and Vanguard Target Retirement 2045 share 16.5% 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 4 months apart — VTIVX as of 2026-03-31, 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 1.8. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
EFA and VTIVX hold 650 of the same securities. The ten contributing most to the overlap figure:
| Holding | in EFA | in VTIVX | Δ |
|---|---|---|---|
| ASML | 3.2% | 0.6% | 2.7% |
| HSBA | 1.6% | 0.2% | 1.4% |
| ROP | 1.4% | 0.2% | 1.2% |
| SAN | 1.3% | 0.2% | 1.1% |
| NOVN | 1.3% | 0.2% | 1.1% |
| AZN | 1.2% | 0.2% | 1.0% |
| NESN | 1.2% | 0.2% | 1.0% |
| SU | 0.8% | 0.2% | 0.6% |
| SIE | 1.0% | 0.2% | 0.9% |
| SHEL | 1.2% | 0.2% | 1.0% |
Where EFA and VTIVX 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 | EFA | VTIVX | Δ |
|---|---|---|---|
| Financials | 25.8% | 13.3% | +12.4pp |
| Information Technology | 12.0% | 23.8% | −11.8pp |
| Industrials | 19.0% | 9.6% | +9.5pp |
| Unclassified | 0.0% | 8.0% | −8.0pp |
| Treasuries | 0.0% | 6.2% | −6.2pp |
| Consumer Staples | 7.0% | 3.7% | +3.3pp |
| Materials | 5.8% | 2.7% | +3.0pp |
| MBS Pass-Through | 0.0% | 2.6% | −2.6pp |
Δ is EFA minus VTIVX, 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
1.9% of EFA by weight, held in no part of VTIVX.
81.3% of VTIVX by weight, held in no part of EFA.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| EFA | VTIVX | |
|---|---|---|
| Top 10 holdings | 14.5% | 21.4% |
| Positions held | 678 | 6 |
| Cost per $10,000 held, per year | $33 | $8 |
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 EFA and VTIVX overlap?
EFA and VTIVX overlap 16.5% by portfolio weight — moderate overlap. They share 650 holdings. The figure comes from current issuer holdings files (EFA as of 2026-07-23, VTIVX as of 2026-03-31).
How is the overlap between EFA and VTIVX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If EFA holds a stock at 6% and VTIVX 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 EFA and VTIVX?
That depends on your goals — we state facts, not advice. At 16.5% overlap, each fund still contributes meaningfully distinct exposure.
What does EFA own that VTIVX doesn't?
EFA holds 678 positions and VTIVX holds 6; 27 of EFA's positions don't appear in VTIVX at all, and they are 1.9% of EFA by weight.
You probably hold more than two funds
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Related comparisons
Sources: issuer holdings files, EFA as of 2026-07-23, VTIVX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.