Data as of Oct 28, 2026.

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EZU vs IAU: Differences, Returns & Fees

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EZU is an equity index fund and IAU a commodity fund, and over the year to Oct 28, 2026, EZU returned +7.1% against +2.7%.

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Net assets: $9.2bn on Oct 27, 2026 for iShares MSCI Eurozone ETF, and $60.1bn on Oct 28, 2026 for iShares Gold Trust.

At a glance
+7.1%
EZU total return, 1 year
+2.7%
IAU total return, 1 year
0.50%
EZU expense ratio
0.25%
IAU expense ratio

Pair scorecard

IAU costs 0.25 points a year less; their one-year returns differ by 4.4 points; IAU is 6.6 times larger.

EZU vs IAU: Differences, Returns & Fees
MeasureEZUIAU
Return
Total return, 1 year+7.1%+2.7%
Drawdown
Below its high8.7%, high on Aug 14, 202624.6%, high on Jan 29, 2026
Benchmark
What it tracksMSCI EMU IndexGold
Cost and size
Expense ratio0.50%0.25%
Net assets, as of Oct 27, 2026$9.2bn$60.3bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund30.5%

Method

Side by side

EZU iShares MSCI Eurozone ETF IAU iShares Gold Trust
Where it sits Stock ETF Commodity ETF
What it is Tracks the MSCI Eurozone Holds gold
Total return, 1 year +7.1% +2.7%
Its benchmark over the same days +14.3% (ACWX) +2.5% (GLD)
Gap to its benchmark −7.2 pts vs ACWX +0.2 pts vs GLD
Expense ratio 0.50% 0.25%
Holdings 216 not counted
Net assets, EZU as of Oct 27, 2026 and IAU as of Oct 28, 2026 $9.2bn $60.1bn

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

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About each fund
EZU

EZU tracks the MSCI Eurozone. Over the year to Oct 28, 2026 it returned +7.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.50% 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 216 positions, with the top ten at 30.5%. It sat 8.7% below its high of Aug 14, 2026 on Oct 28, 2026.

IAU

Its expense ratio is 0.25% a year, for the three months to Jun 30, 2026, as its 10-Q states.

IAU holds gold. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.6% below its high of Jan 29, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EZU or IAU?
In the year to Oct 28, 2026, with distributions reinvested, EZU returned +7.1% and IAU +2.7%.
Which is cheaper, EZU or IAU?
IAU is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, EZU against IAU, data as of Oct 28, 2026. https://etfiq.com/compare/any/ezu-vs-iau

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