Which returned more over the last year, CWI or EFA?

In the year to Oct 9, 2026, with distributions reinvested, CWI returned +17.8% and EFA +13.8%.

Which is cheaper, CWI or EFA?

CWI is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do CWI and EFA overlap with the S&P 500?

By their latest filed holdings, 0% of CWI and 0% of EFA by weight is stocks the S&P 500 already holds.

Share on X Download as PDF

Ask IQ about these two funds

CWI vs EFA: Differences, Returns & Fees

CWI and EFA hold 54% of their weight in the same names, and CWI returned +17.8% over the year. Net assets: $2.9bn on Oct 8, 2026 for State Street SPDR MSCI ACWI ex-US ETF, and $76.5bn on Oct 9, 2026 for iShares MSCI EAFE ETF.

CWI costs 0.02 points a year less; their one-year returns differ by 4.0 points; EFA is far larger, $76.0bn against $2.9bn.

	CWI	EFA
Expense ratio	0.30%	0.32%
Net assets, as of Oct 8, 2026	$2.9bn	$76.0bn
Total return, 1 year	+17.8%	+13.8%
What it tracks	not read by ETFIQ	MSCI EAFE Index
Holdings in common	54%
Top ten holdings, share of the fund	16.1%	14.2%
Below its high	3.9%, high on Sep 4, 2026	5.0%, high on Aug 25, 2026

Holdings in common uses holdings dated Oct 8, 2026.

+17.8%

CWI total return, 1 year

+13.8%

EFA total return, 1 year

0.30%

CWI expense ratio

0.32%

EFA expense ratio

What they hold in common

By the books each fund has filed, CWI and EFA hold 54% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 8, 2026.

50%

half

54% in common

Positions both hold, largest shared weight first

Holding CWI EFA

ASML HOLDING NV 2.00% 3.35%

HSBC HOLDINGS PLC 0.93% 1.47%

ROCHE HOLDING AG 0.85% 1.40%

SHELL PLC 0.78% 1.36%

NOVARTIS AG REG 0.72% 1.22%

ASTRAZENECA PLC 0.65% 1.12%

NESTLE SA REG 0.65% 1.11%

SIEMENS AG REG 0.65% 1.01%

SAP SE 0.62% 0.99%

BHP GROUP LTD 0.60% 1.02%

BANCO SANTANDER SA 0.59% 0.90%

ALLIANZ SE REG 0.55% 0.83%

Only in CWI

TAIWAN SEMICONDUCTOR MANUFAC 3.38%

SAMSUNG ELECTR GDR REG S 2.64%

TAIWAN SEMICONDUCTOR SP ADR 1.96%

SK HYNIX INC 1.88%

TENCENT HOLDINGS LTD 0.85%

ROYAL BANK OF CANADA 0.84%

MITSUBISHI UFJ FINANCIAL GRO 0.69%

TORONTO DOMINION BANK 0.63%

Only in EFA

MITSUBISHI UFJ FINANCIAL GROUP 1.12%

SUMITOMO MITSUI FINANCIAL GROUP 0.71%

NOVO NORDISK CLASS B 0.57%

MUENCHENER RUECKVERSICHERUNGS-GESE 0.35%

INVESTOR CLASS B 0.33%

NORDEA BANK 0.27%

HONG KONG EXCHANGES AND CLEARING 0.25%

ATLAS COPCO CLASS A 0.24%

Check overlap with more funds →

On the same fields

CWI

State Street SPDR MSCI ACWI ex-US ETF

EFA

iShares MSCI EAFE ETF

Where it sits Stock ETF Stock ETF

Issuer State Street iShares

What it is Tracks an index Tracks an index of Developed markets ex US

Total return, 1 year +17.8% +13.8%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 +0.6 pts −3.5 pts

Expense ratio 0.30% 0.32%

Already in the S&P 500 0.0% 0.0%

Holdings 1110 659

Net assets, CWI as of Oct 8, 2026 and EFA as of Oct 9, 2026 $2.9bn $76.5bn

CWI and EFA on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

CWI in plain words

CWI tracks an index. Over the year to Oct 9, 2026 it returned +17.8% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 8, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,110 positions, with the top ten at 16.1%. It sat 3.9% below its high of Sep 4, 2026 on Oct 9, 2026.

EFA in plain words

EFA tracks an index of Developed markets ex US. Over the year to Oct 9, 2026 it returned +13.8% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.32% a year. By its holdings published by its issuer for Oct 8, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 659 positions, with the top ten at 14.2%. It sat 5.0% below its high of Aug 25, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, CWI or EFA?: In the year to Oct 9, 2026, with distributions reinvested, CWI returned +17.8% and EFA +13.8%.
Which is cheaper, CWI or EFA?: CWI is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do CWI and EFA overlap with the S&P 500?: By their latest filed holdings, 0% of CWI and 0% of EFA by weight is stocks the S&P 500 already holds.

Other comparisons

CWI vs VEU CWI vs SCHF CWI vs VXUS CWI vs IEFA EFA vs INTF EFA vs HFXI EFA vs IMTM EFA vs IDMO

CWI on its own →EFA on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

CWI filings on SEC EDGAR ↗CWI prospectus with the expense ratio (SEC) ↗State Street website ↗EFA filings on SEC EDGAR ↗EFA prospectus with the expense ratio (SEC) ↗iShares page for EFA ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, CWI against EFA, data as of Oct 9, 2026. https://etfiq.com/compare/any/cwi-vs-efa

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.