Data as of Oct 28, 2026.

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EZU vs IEFA: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EZU returned +7.1% to IEFA's +12.3%; 29% of their weight is in the same names.

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Net assets: $9.2bn on Oct 27, 2026 for iShares MSCI Eurozone ETF, and $190.4bn on Oct 28, 2026 for iShares Core MSCI EAFE ETF.

At a glance
+7.1%
EZU total return, 1 year
+12.3%
IEFA total return, 1 year
0.50%
EZU expense ratio
0.07%
IEFA expense ratio

Pair scorecard

IEFA costs 0.43 points a year less; their one-year returns differ by 5.2 points; IEFA is far larger, $190.1bn against $9.2bn.

EZU vs IEFA: Differences, Returns & Fees
MeasureEZUIEFA
Return
Total return, 1 year+7.1%+12.3%
Drawdown
Below its high8.7%, high on Aug 14, 20264.7%, high on Aug 25, 2026
Benchmark
What it tracksMSCI EMU IndexMSCI EAFE IMI Index
Cost and size
Expense ratio0.50%0.07%
Net assets, as of Oct 27, 2026$9.2bn$190.1bn
Holdings
Holdings in common29%
Top ten holdings, share of the fund30.5%12.3%

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

What they share

29%

By the books each fund has filed, EZU and IEFA hold 29% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

29% in common

Positions both hold · largest shared weight first EZU IEFA
ASML HOLDING 8.79% 2.55%
SAP 3.33% 0.97%
SIEMENS N AG 2.97% 0.86%
ALLIANZ 2.55% 0.74%
BANCO SANTANDER 2.48% 0.72%
TOTALENERGIES 2.48% 0.72%
IBERDROLA 2.10% 0.61%
SCHNEIDER ELECTRIC 2.05% 0.60%
BANCO BILBAO VIZCAYA ARGENTARIA 1.95% 0.57%
AIRBUS GROUP 1.76% 0.51%
LAIR LIQUIDE SOCIETE ANONYME POUR 1.67% 0.49%
LOREAL SA 1.59% 0.46%
Only in one fund ↓
Only in EZU
Only in IEFA
ROCHE PS PAR AG 1.36%
SHELL 1.21%
HSBC HOLDINGS PLC 1.18%
NOVARTIS AG 1.14%
ASTRAZENECA PLC 1.04%
NESTLE SA 1.04%
MITSUBISHI UFJ FINANCIAL GROUP 0.92%
BHP GROUP LTD 0.83%
Check overlap with more funds →

Side by side

EZU iShares MSCI Eurozone ETF IEFA iShares Core MSCI EAFE ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Eurozone Tracks the MSCI EAFE
Total return, 1 year +7.1% +12.3%
Its benchmark over the same days +14.3% (ACWX) +14.3% (ACWX)
Gap to its benchmark −7.2 pts vs ACWX −2.0 pts vs ACWX
Expense ratio 0.50% 0.07%
Already in the S&P 500 0.0% 0.0%
Holdings 216 2629
Net assets, EZU as of Oct 27, 2026 and IEFA as of Oct 28, 2026 $9.2bn $190.4bn

EZU and IEFA 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.

IEFA

IEFA tracks the MSCI EAFE. Over the year to Oct 28, 2026 it returned +12.3% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.07% 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 2,629 positions, with the top ten at 12.3%. It sat 4.7% below its high of Aug 25, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EZU or IEFA?
In the year to Oct 28, 2026, with distributions reinvested, EZU returned +7.1% and IEFA +12.3%.
Which is cheaper, EZU or IEFA?
IEFA is cheaper, by 0.43 percentage points a year. That is about $43 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EZU and IEFA overlap with the S&P 500?
By their latest filed holdings, 0% of EZU and 0% of IEFA by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, EZU against IEFA, data as of Oct 28, 2026. https://etfiq.com/compare/any/ezu-vs-iefa

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