MXUE vs SML2: fund overlap

ETF comparisons  /  MXUE vs SML2

equity comparison · Holdings dated 2026-08-28

MXUE vs SML2

Invesco MSCI USA UCITS ETF EUR Hdg Acc compared with Invesco S&P 500 UCITS ETF ETFS

These funds provide similar company exposure.MXUE has 15 companies outside the overlap; SML2 has 211.

Do MXUE and SML2 overlap?

MXUE and SML2 overlap by 89.9% by weight, across 289 shared companies.

MXUEequity

Invesco MSCI USA UCITS ETF EUR Hdg Acc

525holdings
0.05%annual fee
Europemarket
Valuation300 companies covered
26.2×P / E97% by weight
5.63×P / B86% by weight
3.8%Earnings yield
MXUE holdings and fund profile
SML2equity

Invesco S&P 500 UCITS ETF ETFS

503holdings
0.05%annual fee
Europemarket
Valuation493 companies covered
26.3×P / E98% by weight
5.15×P / B85% by weight
3.8%Earnings yield
SML2 holdings and fund profile

Price development

Both lines rebased to 0% over their shared dates

Largest shared positions

289 companies held in both funds

MXUE weight SML2 weight
Shared companyMXUE SML2
NVIDIA CORP NVDA
7.90%
7.71%
Apple Inc AAPL
6.91%
6.93%
Microsoft Corp MSFT
4.94%
5.66%
ALPHABET INC GOOGL 2 share classes
4.94%
5.37%
↳ ALPHABET INC-CL A GOOGL2.96%3.03%
↳ ALPHABET INC-CL C GOOG1.97%2.34%
AMAZON.COM INC AMZN
3.95%
3.81%
BROADCOM INC AVGO
1.97%
2.54%
META PLATFORMS INC-CLASS A META
1.97%
1.85%
Micron Technology Inc MU
1.97%
1.56%
ADVANCED MICRO DEVICES AMD
0.99%
1.07%
BERKSHIRE HATHAWAY INC. BRK/B
0.99%
1.37%
ELI LILLY & CO LLY
0.99%
1.37%
JPMorgan Chase & Co JPM
0.99%
1.37%
TESLA INC TSLA
0.99%
1.46%
ExxonMobil Holdings Corporation 2670549D
0.99%
0.98%
JOHNSON & JOHNSON JNJ
0.99%
0.98%
Visa Inc V
0.99%
0.98%
AbbVie Inc ABBV
0.99%
0.68%
CISCO SYSTEMS, INC. CSCO
0.99%
0.68%
Intel Corp INTC
0.99%
0.68%
Mastercard Inc MA
0.99%
0.68%
WALMART INC. WMT
0.99%
0.68%
Applied Materials Inc AMAT
0.99%
0.59%
Bank of America Corp BAC
0.99%
0.59%
Caterpillar Inc CAT
0.99%
0.59%
Chevron Corp CVX
0.99%
0.59%

MXUE and SML2 questions

Based on the holdings compared above

How much do MXUE and SML2 overlap?

MXUE and SML2 overlap by 89.9% by weight, across 289 shared companies.

Which companies do MXUE and SML2 both hold?

The largest companies held in both funds are NVIDIA CORP, Apple Inc, Microsoft Corp, ALPHABET INC, AMAZON.COM INC.

Can I hold both MXUE and SML2?

Holding both means 89.9% of that part of your portfolio is the same companies counted twice. That can suit you or not depending on your goals; this tool reports the overlap rather than giving advice.

Is MXUE or SML2 cheaper?

MXUE has a 0.05% expense ratio and SML2 has 0.05%.

How do MXUE and SML2 compare on valuation?

MXUE has a weighted P/E of 26.2 and SML2 has a weighted P/E of 26.3.

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