EFA vs VXF: 2% overlap
iShares MSCI EAFE ETF and Vanguard Extended Market ETF share 1.9% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
EFA and VXF hold 40 of the same securities. The ten contributing most to the overlap figure:
| Holding | in EFA | in VXF | Δ |
|---|---|---|---|
| RKT | 0.2% | 0.2% | 0.0% |
| CSL | 0.2% | 0.2% | 0.0% |
| SUNB | 0.1% | 0.3% | 0.2% |
| AAL | 0.2% | 0.1% | 0.1% |
| HEI | 0.1% | 0.2% | 0.1% |
| HEI-A | 0.1% | 0.2% | 0.1% |
| CFR | 0.6% | 0.1% | 0.5% |
| NXT | 0.1% | 0.2% | 0.1% |
| ALV | 0.8% | 0.1% | 0.8% |
| ACA | 0.1% | 0.1% | 0.0% |
Where EFA and VXF 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 | VXF | Δ |
|---|---|---|---|
| Financials | 25.8% | 13.9% | +11.9pp |
| Information Technology | 12.0% | 17.6% | −5.6pp |
| Health Care | 8.0% | 13.2% | −5.2pp |
| Consumer Staples | 7.0% | 2.7% | +4.3pp |
| Cash and/or Derivatives | 0.6% | 3.8% | −3.2pp |
| Real Estate | 1.6% | 4.8% | −3.2pp |
| Utilities | 4.5% | 1.9% | +2.6pp |
| Materials | 5.8% | 4.1% | +1.7pp |
Δ is EFA minus VXF, 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
92.4% of EFA by weight, held in no part of VXF.
93.9% of VXF 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 | VXF | |
|---|---|---|
| Top 10 holdings | 14.5% | 10.6% |
| Positions held | 678 | 3,327 |
| Cost per $10,000 held, per year | $33 | $5 |
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 VXF overlap?
EFA and VXF overlap 1.9% by portfolio weight — largely distinct portfolios. They share 40 holdings. The figure comes from current issuer holdings files (EFA as of 2026-07-23, VXF as of 2026-06-30).
How is the overlap between EFA and VXF 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 VXF 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 VXF?
That depends on your goals — we state facts, not advice. At 1.9% overlap, each fund still contributes meaningfully distinct exposure.
What does EFA own that VXF doesn't?
EFA holds 678 positions and VXF holds 3,327; 637 of EFA's positions don't appear in VXF at all, and they are 92.4% 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, VXF as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.