Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
EFA vs EMB: how they differ
EFA and EMB hold 0% of their weight in the same names, and EFA returned more over the year.
iShares MSCI EAFE ETF and iShares J.P. Morgan USD Emerging Markets Bond ETF.
What they hold in common
By the books each fund has filed, EFA and EMB hold 0% of their money in the same securities at the same weight.
| Only in EFA | Only in EMB |
|---|---|
| ASML HOLDING 3.01% | BLK CSH FND TREASURY SL AGENCY 0.84% |
| HSBC HOLDINGS PLC 1.61% | EAGLE FUNDING LUXCO SARL RegS 0.50% |
| ROCHE PS PAR AG 1.36% | UKRAINE (REPUBLIC OF) C BONDS RegS 0.42% |
| SHELL PLC 1.25% | ECUADOR REPUBLIC OF (GOVERNMENT) RegS 0.34% |
| MITSUBISHI UFJ FINANCIAL GROUP 1.15% | GHANA (REPUBLIC OF) DISCO RegS 0.31% |
| NOVARTIS AG 1.15% | CHINA LIFE INSURANCE OVERSEAS CO L RegS 0.28% |
| NESTLE SA 1.12% | REPUBLIC OF HUNGARY 0.27% |
| ASTRAZENECA PLC 1.09% | ANGOLA (REPUBLIC OF) RegS 0.26% |
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 Sep 10, 2026.
| EFA iShares MSCI EAFE ETF | EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | Developed markets ex US | J.P. Morgan USD Emerging Markets Bond |
| Total return, 1 year | +18.2% | +2.8% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +0.7 pts | −14.7 pts |
| Expense ratio | 0.32% | 0.39% |
| Holdings | 670 | 612 |
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 Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 670 positions, with the top ten at 13.8%.
EMB in plain words
EMB is a bond fund tracking the J.P. Morgan USD Emerging Markets Bond. Over the year to Sep 11, 2026 it returned +2.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.39% a year.
Questions people ask
- Which returned more over the last year, EFA or EMB?
- In the year to Sep 13, 2026, with distributions reinvested, EFA returned +18.2% and EMB returned +2.8%, so EFA returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, EFA or EMB?
- EFA charges 0.32% a year and EMB charges 0.39%, so EFA is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where to next
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 EMB, data as of Sep 13, 2026. https://etfiq.com/compare/any/efa-vs-emb Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources