Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
EFA vs EZU: how they differ
EFA and EZU hold 35% of their weight in the same names.
iShares MSCI EAFE ETF and iShares MSCI Eurozone ETF.
What they hold in common
By the books each fund has filed, EFA and EZU hold 35% of their money in the same securities at the same weight.
| Holding | EFA | EZU |
|---|---|---|
| ASML Holding N.V. | 2.60% | 8.10% |
| Siemens Aktiengesellschaft | 1.05% | 3.08% |
| TOTALENERGIES SE | 0.86% | 2.25% |
| Banco Santander, S.A. | 0.83% | 2.37% |
| SAP SE | 0.81% | 2.44% |
| SCHNEIDER ELECTRIC SE | 0.81% | 2.22% |
| Allianz SE | 0.81% | 2.18% |
| Siemens Energy AG | 0.76% | 1.89% |
| Iberdrola, S.A. | 0.70% | 1.89% |
| LVMH MOET HENNESSY LOUIS VUITTON SE | 0.62% | 1.76% |
| Banco Bilbao Vizcaya Argentaria, S.A. | 0.58% | 1.72% |
| L'AIR LIQUIDE SOCIETE ANONYME POUR L'ETU | 0.58% | 1.54% |
| Only in EFA | Only in EZU |
|---|---|
| HSBC HOLDINGS PLC 1.47% | Ferrovial N.V. 0.45% |
| ASTRAZENECA PLC 1.36% | |
| Novartis AG 1.30% | |
| Nestle S.A. 1.21% | |
| SHELL PLC 1.20% | |
| COMMONWEALTH BANK OF AUSTRALIA 0.98% | |
| Mitsubishi UFJ Financial Group, Inc. 0.94% | |
| BHP GROUP LIMITED 0.93% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| EFA iShares MSCI EAFE ETF | EZU iShares MSCI Eurozone ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | Developed markets ex US | MSCI Eurozone |
| Total return, 1 year | +18.2% | +18.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +0.7 pts | +0.5 pts |
| Expense ratio | 0.32% | 0.50% |
| Already in the S&P 500 | 0.0% | 0.0% |
| Holdings | 705 | 226 |
EFA in plain words
EFA is an index equity fund tracking the Developed markets ex US. Over the year to Sep 11, 2026 it returned +18.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.32% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 705 positions, with the top ten at 13.4%.
EZU in plain words
EZU is an index equity fund tracking the MSCI Eurozone. Over the year to Sep 11, 2026 it returned +18.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.50% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 226 positions, with the top ten at 28.2%. It sat 3.3% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, EFA or EZU?
- In the year to Sep 12, 2026, with distributions reinvested, EFA returned +18.2% and EZU returned +18.0%, so EFA returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, EFA or EZU?
- EFA charges 0.32% a year and EZU charges 0.50%, so EFA is cheaper. Fees come from each fund's prospectus.
- How much do EFA and EZU overlap with the S&P 500?
- By their latest filed holdings, 0% of EFA and 0% of EZU by weight is stocks the S&P 500 already holds. Between the two funds, 35% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, EFA against EZU, data as of Sep 12, 2026. https://etfiq.com/compare/any/EFA-EZU Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources