IEFA vs IJR: 1% overlap
iShares Core MSCI EAFE ETF and iShares Core S&P Small-Cap ETF share 1.3% 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
IEFA and IJR hold 30 of the same securities. The ten contributing most to the overlap figure:
| Holding | in IEFA | in IJR | Δ |
|---|---|---|---|
| AIR | 0.5% | 0.3% | 0.3% |
| MC | 0.5% | 0.2% | 0.3% |
| UCB | 0.1% | 0.2% | 0.1% |
| MTX | 0.1% | 0.1% | 0.0% |
| ACA | 0.1% | 0.4% | 0.3% |
| ENR | 0.5% | 0.1% | 0.5% |
| TRN | 0.1% | 0.2% | 0.1% |
| FBK | 0.1% | 0.1% | 0.1% |
| SIG | 0.0% | 0.2% | 0.2% |
| CON | 0.0% | 0.2% | 0.2% |
Where IEFA and IJR 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 | IEFA | IJR | Δ |
|---|---|---|---|
| Financials | 24.2% | 17.8% | +6.4pp |
| Consumer Discretionary | 8.8% | 13.8% | −5.0pp |
| Real Estate | 2.7% | 6.2% | −3.5pp |
| Consumer Staples | 6.7% | 3.8% | +2.9pp |
| Health Care | 7.6% | 10.5% | −2.9pp |
| Materials | 6.4% | 3.9% | +2.5pp |
| Utilities | 4.2% | 2.3% | +1.9pp |
| Cash and/or Derivatives | 0.5% | 2.1% | −1.6pp |
Δ is IEFA minus IJR, 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
97.3% of IEFA by weight, held in no part of IJR.
92.9% of IJR by weight, held in no part of IEFA.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| IEFA | IJR | |
|---|---|---|
| Top 10 holdings | 12.5% | 6.6% |
| Positions held | 2,567 | 603 |
| Cost per $10,000 held, per year | $7 | $6 |
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 IEFA and IJR overlap?
IEFA and IJR overlap 1.3% by portfolio weight — largely distinct portfolios. They share 30 holdings. The figure comes from current issuer holdings files (IEFA as of 2026-07-23, IJR as of 2026-07-23).
How is the overlap between IEFA and IJR calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If IEFA holds a stock at 6% and IJR 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 IEFA and IJR?
That depends on your goals — we state facts, not advice. At 1.3% overlap, each fund still contributes meaningfully distinct exposure.
What does IEFA own that IJR doesn't?
IEFA holds 2,567 positions and IJR holds 603; 2,536 of IEFA's positions don't appear in IJR at all, and they are 97.3% of IEFA by weight.
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Related comparisons
Sources: issuer holdings files, IEFA as of 2026-07-23, IJR as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.