Data as of Oct 28, 2026.

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EFA vs QUAL: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EFA returned +12.1% to QUAL's +13.1%; 0% of their weight is in the same names.

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Net assets: $76.8bn on Oct 27, 2026 for iShares MSCI EAFE ETF, and $48.2bn on Oct 28, 2026 for iShares MSCI USA Quality Factor ETF.

At a glance
+12.1%
EFA total return, 1 year
+13.1%
QUAL total return, 1 year
0.32%
EFA expense ratio
0.15%
QUAL expense ratio

Pair scorecard

QUAL costs 0.17 points a year less; their one-year returns differ by 1.0 point; EFA is 1.6 times larger.

EFA vs QUAL: Differences, Returns & Fees
MeasureEFAQUAL
Return
Total return, 1 year+12.1%+13.1%
Drawdown
Below its high4.7%, high on Aug 25, 2026
Benchmark
What it tracksMSCI EAFE IndexMSCI USA Sector Neutral Quality Index
Cost and size
Expense ratio0.32%0.15%
Net assets, as of Oct 26, 2026$76.4bn$48.3bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund14.3%44.5%

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

What they share

0%

By the books each fund has filed, EFA and QUAL 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 QUAL
MERCK 0.10% 1.34%
AEROPORTS DE PARIS SA 0.02% 1.28%
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 QUAL
MICROSOFT 8.09%
APPLE 7.38%
NVIDIA 6.28%
META PLATFORMS CLASS A 4.06%
ELI LILLY 4.04%
TJX 3.50%
VISA CLASS A 3.44%
LAM RESEARCH 2.84%
Check overlap with more funds →

Side by side

EFA iShares MSCI EAFE ETF QUAL iShares MSCI USA Quality Factor ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Developed markets ex US Tracks the MSCI USA Quality Factor
Total return, 1 year +12.1% +13.1%
Its benchmark over the same days +14.3% (ACWX) +13.6% (MLRG)
Gap to its benchmark −2.2 pts vs ACWX −0.5 pts vs MLRG
Expense ratio 0.32% 0.15%
Already in the S&P 500 0.0% 97.2%
Holdings 665 119
Net assets, EFA as of Oct 27, 2026 and QUAL as of Oct 28, 2026 $76.8bn $48.2bn

EFA and QUAL 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.

QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 44.5%.

Questions people ask

Which returned more over the last year, EFA or QUAL?
In the year to Oct 28, 2026, with distributions reinvested, EFA returned +12.1% and QUAL +13.1%.
Which is cheaper, EFA or QUAL?
QUAL is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EFA and QUAL overlap with the S&P 500?
By their latest filed holdings, 0% of EFA and 97% of QUAL by weight is stocks the S&P 500 already holds.
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ETFIQ, EFA against QUAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/efa-vs-qual

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