Data as of Oct 28, 2026.

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IEFA vs VOE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IEFA returned +12.3% to VOE's +22.8%; 2% of their weight is in the same names.

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Net assets: $190.4bn on Oct 28, 2026 for iShares Core MSCI EAFE ETF, and $22.8bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap Value ETF.

At a glance
+12.3%
IEFA total return, 1 year
+22.8%
VOE total return, 1 year
0.07%
IEFA expense ratio
0.05%
VOE expense ratio

Pair scorecard

VOE costs 0.02 points a year less; their one-year returns differ by 10.5 points; IEFA is 8.3 times larger.

IEFA vs VOE: Differences, Returns & Fees
MeasureIEFAVOE
Return
Total return, 1 year+12.3%+22.8%
Drawdown
Below its high4.7%, high on Aug 25, 2026
Benchmark
What it tracksMSCI EAFE IMI IndexMorningstar US Mid Cap Value Index
Cost and size
Expense ratio0.07%0.05%
Net assets, as of Sep 30, 2026$190.2bn$22.8bn
Holdings
Holdings in common2%
Top ten holdings, share of the fund12.3%14.0%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

2%

By the books each fund has filed, IEFA and VOE hold 2% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

2% in common

Positions both hold · largest shared weight first IEFA VOE
ROCHE PS PAR AG 1.36% 0.59%
DEUTSCHE TELEKOM N AG 0.38% 0.43%
VINCI SA 0.23% 0.45%
ESSILORLUXOTTICA SA 0.24% 0.20%
PRUDENTIAL PLC 0.12% 0.67%
ARISTOCRAT LEISURE 0.10% 0.95%
HELVETIA BALOISE HOLDING N AG 0.08% 0.52%
ADMIRAL GROUP PLC 0.05% 0.65%
EQT 0.05% 0.26%
TELENOR 0.03% 1.04%
AMP LTD 0.02% 0.74%
NEMETSCHEK 0.02% 1.03%
Only in one fund ↓
Only in IEFA
ASML HOLDING 2.55%
SHELL 1.21%
HSBC HOLDINGS PLC 1.18%
NOVARTIS AG 1.14%
ASTRAZENECA PLC 1.04%
NESTLE SA 1.04%
SAP 0.97%
MITSUBISHI UFJ FINANCIAL GROUP 0.92%
Only in VOE
Valero Energy Corp 1.90%
Marathon Petroleum Corp 1.89%
Phillips 66 1.73%
Hewlett Packard Enterprise Co 1.37%
SLB Ltd 1.23%
Target Corp 1.21%
Cummins Inc 1.21%
General Motors Co 1.15%
Check overlap with more funds →

Side by side

IEFA iShares Core MSCI EAFE ETF VOE Vanguard Morningstar Mid-Cap Value ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI EAFE Tracks an index of Mid-Cap Value
Total return, 1 year +12.3% +22.8%
Its benchmark over the same days +14.3% (ACWX) not measured
Gap to its benchmark −2.0 pts vs ACWX not measured
Expense ratio 0.07% 0.05%
Already in the S&P 500 0.0% 96.0%
Holdings 2629 169
Net assets, IEFA as of Oct 28, 2026 and VOE as of Sep 30, 2026 $190.4bn $22.8bn

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

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About each fund
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.

VOE

VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.

Questions people ask

Which returned more over the last year, IEFA or VOE?
In the year to Oct 28, 2026, with distributions reinvested, IEFA returned +12.3% and VOE +22.8%.
Which is cheaper, IEFA or VOE?
VOE is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IEFA and VOE overlap with the S&P 500?
By their latest filed holdings, 0% of IEFA and 96% of VOE by weight is stocks the S&P 500 already holds.
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ETFIQ, IEFA against VOE, data as of Oct 28, 2026. https://etfiq.com/compare/any/iefa-vs-voe

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