Data as of Oct 28, 2026.
EZU vs IEV: Differences, Returns & Fees
Over the year to Oct 28, 2026, EZU returned +7.1% to IEV's +10.3%; 52% of their weight is in the same names.
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Net assets on Oct 27, 2026: $9.2bn for iShares MSCI Eurozone ETF and $1.6bn for iShares Europe ETF.
Pair scorecard
EZU costs 0.10 points a year less; their one-year returns differ by 3.2 points; EZU is 5.8 times larger.
| Measure | EZU | IEV |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.1% | +10.3% |
| Drawdown | ||
| Below its high | 8.7%, high on Aug 14, 2026 | 6.0%, high on Aug 25, 2026 |
| Benchmark | ||
| What it tracks | MSCI EMU Index | S&P Europe 350 |
| Cost and size | ||
| Expense ratio | 0.50% | 0.60% |
| Net assets, as of Oct 27, 2026 | $9.2bn | $1.6bn |
| Holdings | ||
| Holdings in common | 52% | |
| Top ten holdings, share of the fund | 30.5% | 22.2% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jan 12, 2001 to Oct 23, 2026 · 1,345 weekly returnsIEV returned more: +269.5% to +238.6%. IEV swung slightly less: 20.6% to 22.7%. IEV fell slightly less at its worst: −61.9% to −64.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EZU | IEV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +238.6% | +269.5% | IEV | Price change plus distributions, reinvested. |
| Annualized | +4.8% | +5.2% | IEV (slight) | Total return as a yearly rate. |
| Price return | +75.4% | +84.8% | IEV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.7% | 20.6% | IEV (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.5% | 15.0% | IEV (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −64.2% | −61.9% | IEV (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.24 | 0.26 | IEV (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.34 | 0.36 | IEV (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.08 | 0.08 | IEV (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,345 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EZU and IEV hold 52% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
52% in common
Only in one fund ↓
Side by side
EZU and IEV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EZU and IEV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EZU follows MSCI EMU Index and IEV follows S&P Europe 350.
- One-year total return. Over 1 year to Oct 28, 2026 EZU returned +7.1% and IEV +10.3% with distributions reinvested, a gap of 3.2 points.
- Cost. EZU charges 0.50% of assets a year and IEV 0.60%, a gap of 0.10 points.
Data as of Oct 28, 2026.
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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.
IEV
IEV tracks an index. Over the year to Oct 28, 2026 it returned +10.3% with distributions reinvested. The prospectus expense ratio is 0.60% 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 364 positions, with the top ten at 22.2%. It sat 6.0% below its high of Aug 25, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EZU or IEV?
- In the year to Oct 28, 2026, with distributions reinvested, EZU returned +7.1% and IEV +10.3%.
- Which is cheaper, EZU or IEV?
- EZU is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, EZU against IEV, data as of Oct 28, 2026. https://etfiq.com/compare/any/ezu-vs-iev
ETFIQ. (Oct 28, 2026). EZU against IEV. Retrieved from https://etfiq.com/compare/any/ezu-vs-iev
[EZU against IEV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ezu-vs-iev)
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