Data as of Oct 28, 2026.

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EFA vs VEA: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EFA returned +12.1% to VEA's +17.1%; 62% 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 $231.6bn on Sep 30, 2026 for Vanguard FTSE Developed Markets ETF.

At a glance
+12.1%
EFA total return, 1 year
+17.1%
VEA total return, 1 year
0.32%
EFA expense ratio
0.03%
VEA expense ratio

Pair scorecard

VEA costs 0.29 points a year less; their one-year returns differ by 5.0 points; VEA is 3.0 times larger.

EFA vs VEA: Differences, Returns & Fees
MeasureEFAVEA
Return
Total return, 1 year+12.1%+17.1%
Drawdown
Below its high4.7%, high on Aug 25, 20264.4%, high on Aug 25, 2026
Benchmark
What it tracksMSCI EAFE IndexFTSE Developed All Cap ex US Index
Cost and size
Expense ratio0.32%0.03%
Net assets, as of Sep 30, 2026$76.7bn$231.6bn
Holdings
Holdings in common62%
Top ten holdings, share of the fund14.3%13.6%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Aug 3, 2007 to Oct 23, 2026 · 1,003 weekly returns
EFA VEA
Return
Total return edge VEA +135.9% +160.9%
Annualized edge VEA +4.5% +5.1%
Price return edge VEA +31.8% +46.4%
Risk
Volatility edge Tie 19.5% 19.5%
Max drawdown edge Tie −59.4% −59.0%
Risk-adjusted
Sharpe edge VEA (slight) 0.25 0.28
Sortino edge VEA (slight) 0.34 0.38
Calmar edge VEA (slight) 0.08 0.09
Reading

VEA returned more: +160.9% to +135.9%. EFA and VEA swung about the same: 19.5% and 19.5%. EFA and VEA fell about the same at their worst: −59.4% and −59.0%.

Full scorecard

9 measures, with how each is measured
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Risk and return: EFA vs VEA: Differences, Returns & Fees
MeasureEFAVEAEdgeHow it is measured
Return
Total return+135.9%+160.9%VEAPrice change plus distributions, reinvested.
Annualized+4.5%+5.1%VEATotal return as a yearly rate.
Price return+31.8%+46.4%VEAPrice change alone, distributions left out.
Risk
Volatility19.5%19.5%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation14.2%14.2%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−59.4%−59.0%TieDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.250.28VEA (slight)Return above Treasury bills per unit of volatility.
Sortino0.340.38VEA (slight)Return above Treasury bills per unit of downside deviation.
Calmar0.080.09VEA (slight)Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,003 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

62%

By the books each fund has filed, EFA and VEA hold 62% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

62% in common

Positions both hold · largest shared weight first EFA VEA
ASML HOLDING 2.98% 2.14%
HSBC HOLDINGS PLC 1.38% 1.05%
ROCHE PS PAR AG 1.58% 0.91%
SHELL 1.42% 0.86%
NOVARTIS AG 1.33% 0.82%
MITSUBISHI UFJ FINANCIAL GROUP 1.07% 0.78%
ASTRAZENECA PLC 1.21% 0.75%
NESTLE SA 1.21% 0.72%
SIEMENS N AG 1.00% 0.70%
BHP GROUP LTD 0.97% 0.67%
SAP 1.13% 0.63%
BANCO SANTANDER 0.84% 0.62%
Only in one fund ↓
Only in EFA
NOVO NORDISK CLASS B 0.58%
SPOTIFY TECHNOLOGY 0.38%
MUENCHENER RUECKVERSICHERUNGS-GESE 0.37%
INVESTOR CLASS B 0.35%
NORDEA BANK 0.25%
HONG KONG EXCHANGES AND CLEARING 0.24%
VOLVO CLASS B 0.23%
ATLAS COPCO CLASS A 0.22%
Only in VEA
Samsung Electronics Co Ltd 2.81%
SK hynix Inc 2.30%
SLBBH1142 1.07%
Royal Bank of Canada 0.85%
Toronto-Dominion Bank 0.60%
Shopify Inc 0.56%
Novo Nordisk A/S 0.37%
Bank of Montreal 0.37%
Check overlap with more funds →

Side by side

EFA iShares MSCI EAFE ETF VEA Vanguard FTSE Developed Markets ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Developed markets ex US Tracks an index of Developed markets ex US
Total return, 1 year +12.1% +17.1%
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% 0.03%
Already in the S&P 500 0.0% 0.0%
Holdings 665 3906
Net assets, EFA as of Oct 27, 2026 and VEA as of Sep 30, 2026 $76.8bn $231.6bn

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

Client brief · page 1 of 2 Report BR-8BE446DEA6

EFA and VEA are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. EFA follows MSCI EAFE Index and VEA follows FTSE Developed All Cap ex US Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 EFA returned +12.1% and VEA +17.1% with distributions reinvested, a gap of 5.0 points.
  3. Number of holdings. EFA holds 665 positions and VEA holds 3906.

Data as of Oct 28, 2026.

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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.

VEA

VEA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,906 positions, with the top ten at 13.6%. It sat 4.4% below its high of Aug 25, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EFA or VEA?
In the year to Oct 28, 2026, with distributions reinvested, EFA returned +12.1% and VEA +17.1%.
Which is cheaper, EFA or VEA?
VEA is cheaper, by 0.29 percentage points a year. That is about $29 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EFA and VEA overlap with the S&P 500?
By their latest filed holdings, 0% of EFA and 0% of VEA by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, EFA against VEA, data as of Oct 28, 2026. https://etfiq.com/compare/any/efa-vs-vea

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