Data as of Oct 28, 2026.

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EFA vs GOVT: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EFA returned +12.1% to GOVT's −1.5%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $76.8bn for iShares MSCI EAFE ETF and $42.8bn for iShares U.S. Treasury Bond ETF.

At a glance
+12.1%
EFA total return, 1 year
−1.5%
GOVT total return, 1 year
0.32%
EFA expense ratio
0.05%
GOVT expense ratio

Pair scorecard

GOVT costs 0.27 points a year less; their one-year returns differ by 13.6 points; EFA is 1.8 times larger.

EFA vs GOVT: Differences, Returns & Fees
MeasureEFAGOVT
Return
Total return, 1 year+12.1%−1.5%
Drawdown
Below its high4.7%, high on Aug 25, 20268.1%, high on Aug 4, 2020
Benchmark
What it tracksMSCI EAFE IndexICE U.S. Treasury Core Bond Index
Cost and size
Expense ratio0.32%0.05%
Net assets, as of Oct 27, 2026$76.8bn$42.8bn
Holdings
Holdings in common0%
In the S&P 500, by weight0%
Top ten holdings, share of the fund14.3%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, EFA and GOVT hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EFA GOVT
Only in one fund ↓
Only in EFA
ASML HOLDING 2.98%
ROCHE PS PAR AG 1.58%
SHELL 1.42%
HSBC HOLDINGS PLC 1.38%
NOVARTIS AG 1.33%
ASTRAZENECA PLC 1.21%
NESTLE SA 1.21%
SAP 1.13%
Only in GOVT
TREASURY NOTE 5.17%
TREASURY NOTE 2.98%
TREASURY NOTE 2.12%
TREASURY NOTE 1.95%
TREASURY NOTE 1.65%
TREASURY BOND 1.51%
TREASURY BOND 1.46%
TREASURY BOND 1.42%
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Side by side

EFA iShares MSCI EAFE ETF GOVT iShares U.S. Treasury Bond ETF
Where it sits Stock ETF Bond ETF
What it is Tracks an index of Developed markets ex US Tracks an index of U.S. Treasury Bond
Total return, 1 year +12.1% −1.5%
Its benchmark over the same days +14.3% (ACWX) not measured
Gap to its benchmark −2.2 pts vs ACWX not measured
Expense ratio 0.32% 0.05%
Holdings 665 229
Net assets, as of Oct 27, 2026 $76.8bn $42.8bn

EFA and GOVT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
EFA

EFA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +12.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.32% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 665 positions, with the top ten at 14.3%. It sat 4.7% below its high of Aug 25, 2026 on Oct 28, 2026.

GOVT

GOVT tracks an index of U.S. Treasury Bond. Over the year to Oct 28, 2026 it returned −1.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. It sat 8.1% below its high of Aug 4, 2020 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EFA or GOVT?
In the year to Oct 28, 2026, with distributions reinvested, EFA returned +12.1% and GOVT −1.5%.
Which is cheaper, EFA or GOVT?
GOVT is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, EFA against GOVT, data as of Oct 28, 2026. https://etfiq.com/compare/any/efa-vs-govt

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