Data as of Oct 28, 2026.

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EZU vs SPY: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EZU returned +7.1% to SPY's +13.6%; 1% 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 $814.8bn for SPDR S&P 500 ETF Trust.

At a glance
+7.1%
EZU total return, 1 year
+13.6%
SPY total return, 1 year
0.50%
EZU expense ratio
0.09%
SPY expense ratio

Pair scorecard

SPY costs 0.41 points a year less; their one-year returns differ by 6.5 points; SPY is far larger, $814.8bn against $9.2bn.

EZU vs SPY: Differences, Returns & Fees
MeasureEZUSPY
Return
Total return, 1 year+7.1%+13.6%
Drawdown
Below its high8.7%, high on Aug 14, 2026
Benchmark
What it tracksMSCI EMU IndexS&P 500 Index
Cost and size
Expense ratio0.50%0.09%
Net assets, as of Oct 27, 2026$9.2bn$814.8bn
Holdings
Holdings in common1%
Top ten holdings, share of the fund30.5%38.1%

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

What they share

1%

By the books each fund has filed, EZU and SPY hold 1% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

1% in common

Positions both hold · largest shared weight first EZU SPY
MERCK 0.29% 0.53%
NEMETSCHEK 0.07% 0.18%
AEROPORTS DE PARIS SA 0.06% 0.17%
DEUTSCHE TELEKOM N AG 1.32% 0.04%
VINCI SA 0.79% 0.04%
ESSILORLUXOTTICA SA 0.81% 0.04%
SODEXO SA 0.07% 0.03%
BAWAG GROUP AG 0.18% 0.02%
Only in one fund ↓
Only in EZU
ASML HOLDING 8.79%
SAP 3.33%
SIEMENS N AG 2.97%
ALLIANZ 2.55%
BANCO SANTANDER 2.48%
TOTALENERGIES 2.48%
IBERDROLA 2.10%
SCHNEIDER ELECTRIC 2.05%
Only in SPY
NVIDIA CORP 7.92%
APPLE INC 7.61%
MICROSOFT CORP 5.93%
AMAZON.COM INC 3.73%
ALPHABET INC CL A 2.83%
BROADCOM INC 2.45%
ALPHABET INC CL C 2.26%
META PLATFORMS INC CLASS A 2.06%
Check overlap with more funds →

Side by side

EZU iShares MSCI Eurozone ETF SPY SPDR S&P 500 ETF Trust
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Eurozone Tracks the S&P 500
Total return, 1 year +7.1% +13.6%
Its benchmark over the same days +14.3% (ACWX) +13.7% (VOO)
Gap to its benchmark −7.2 pts vs ACWX −0.1 pts vs VOO
Expense ratio 0.50% 0.09%
Already in the S&P 500 0.0% 99.8%
Holdings 216 504
Net assets, as of Oct 27, 2026 $9.2bn $814.8bn

EZU and SPY 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.

SPY

SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 38.1%.

Questions people ask

Which returned more over the last year, EZU or SPY?
In the year to Oct 28, 2026, with distributions reinvested, EZU returned +7.1% and SPY +13.6%.
Which is cheaper, EZU or SPY?
SPY is cheaper, by 0.41 percentage points a year. That is about $41 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EZU and SPY overlap with the S&P 500?
By their latest filed holdings, 0% of EZU and 100% of SPY by weight is stocks the S&P 500 already holds.
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ETFIQ, EZU against SPY, data as of Oct 28, 2026. https://etfiq.com/compare/any/ezu-vs-spy

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