FEOE vs IEFA: Differences, Returns & Fees

FEOE and IEFA hold 8% of their weight in the same names, and FEOE returned +20.2% over the year. Net assets: $1.3bn on May 31, 2026 for First Eagle Overseas Equity ETF, and $190.0bn on Oct 20, 2026 for iShares Core MSCI EAFE ETF.

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Answers cite the figures on this page.

IEFA costs 0.43 points a year less; their one-year returns differ by 7.4 points; IEFA is far larger, $126.7bn against $18m.

FEOE vs IEFA: Differences, Returns & Fees
FEOEIEFA
Expense ratio0.50%0.07%
Net assets, as of Feb 28, 2025$18m$126.7bn
Total return, 1 year+20.2%+12.8%
What it tracksnot publishedMSCI EAFE IMI Index
Holdings in common8%
Top ten holdings, share of the fund30.4%12.2%
Below its high4.6%, high on Aug 25, 2026

Holdings in common uses holdings dated May 31, 2026 and Oct 19, 2026.

+20.2%
FEOE total return, 1 year
+12.8%
IEFA total return, 1 year
0.50%
FEOE expense ratio
0.07%
IEFA expense ratio

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What they hold in common

By the books each fund has filed, FEOE and IEFA hold 8% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 19, 2026.

half

8% in common

Positions both hold, largest shared weight first
Holding FEOE IEFA
Shell PLC 3.95% 1.21%
Nestle SA 1.89% 1.03%
Unilever PLC 1.59% 0.56%
British American Tobacco PLC 3.80% 0.48%
Cie Financiere Richemont SA 2.32% 0.46%
LVMH Moet Hennessy Louis Vuitt 2.71% 0.43%
AIA Group Ltd 1.00% 0.39%
Keyence Corp 1.53% 0.39%
Lloyds Banking Group PLC 1.28% 0.32%
RELX PLC 0.91% 0.28%
Mitsubishi Electric Corp 1.38% 0.24%
Diageo PLC 1.37% 0.21%
Only in FEOE
Samsung Electronics Co Ltd 5.52%
Imperial Oil Ltd 2.94%
Fomento Economico Mexicano SAB 2.25%
SMC Corp 1.94%
TSMC 1.94%
Power Corp of Canada 1.84%
Investor AB 1.73%
Ambev SA 1.68%
Only in IEFA
ASML HOLDING 2.61%
ROCHE PS PAR AG 1.29%
HSBC HOLDINGS PLC 1.28%
NOVARTIS AG 1.10%
ASTRAZENECA PLC 1.00%
MITSUBISHI UFJ FINANCIAL GROUP 0.94%
SAP 0.91%
SIEMENS N AG 0.87%

Check overlap with more funds →

On the same fields

FEOE
First Eagle Overseas Equity ETF
IEFA
iShares Core MSCI EAFE ETF
Where it sits Stock ETF Stock ETF
What it is Equity fund Tracks the MSCI EAFE
Total return, 1 year +20.2% +12.8%
Its benchmark over the same days +17.5% (EEM) +15.0% (ACWX)
Gap to its benchmark +2.6 pts vs EEM −2.2 pts vs ACWX
Expense ratio 0.50% 0.07%
Already in the S&P 500 3.4% 0.0%
Holdings 75 2640
Net assets, FEOE as of May 31, 2026 and IEFA as of Oct 20, 2026 $1.3bn $190.0bn

FEOE and IEFA on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About FEOE

Over the year to Oct 20, 2026 it returned +20.2% with distributions reinvested, against +17.5% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.50% a year. By its holdings filed for May 31, 2026, 3% of the fund by weight is stocks the S&P 500 also holds, across 75 positions, with the top ten at 30.4%.

About IEFA

IEFA tracks the MSCI EAFE. Over the year to Oct 20, 2026 it returned +12.8% with distributions reinvested, against +15.0% 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 19, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,640 positions, with the top ten at 12.2%. It sat 4.6% below its high of Aug 25, 2026 on Oct 20, 2026.

Questions people ask

Which returned more over the last year, FEOE or IEFA?
In the year to Oct 20, 2026, with distributions reinvested, FEOE returned +20.2% and IEFA +12.8%.
Which is cheaper, FEOE 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 FEOE and IEFA overlap with the S&P 500?
By their latest filed holdings, 3% of FEOE and 0% of IEFA by weight is stocks the S&P 500 already holds.
Cite this pageCitation, APA and Markdown

ETFIQ, FEOE against IEFA, data as of Oct 20, 2026. https://etfiq.com/compare/any/feoe-vs-iefa

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.