Data as of Oct 28, 2026.

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IEFA vs YSEP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IEFA returned +12.3% to YSEP's +10.1%, and IEFA charges 0.07% to YSEP's 0.90%.

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Net assets: $190.4bn on Oct 28, 2026 for iShares Core MSCI EAFE ETF, and $135m on Oct 27, 2026 for FT Vest International Equity Moderate Buffer ETF - September.

At a glance
+12.3%
IEFA total return, 1 year
+10.1%
YSEP total return, 1 year
0.07%
IEFA expense ratio
0.90%
YSEP expense ratio

Pair scorecard

IEFA costs 0.83 points a year less; their one-year returns differ by 2.2 points; IEFA is far larger, $190.1bn against $135m.

IEFA vs YSEP: Differences, Returns & Fees
MeasureIEFAYSEP
Return
Total return, 1 year+12.3%+10.1%
Drawdown
Below its high4.7%, high on Aug 25, 2026
Index fall to the buffer0.0%
Fund price fall to the buffer0.4%
Benchmark
What it tracksMSCI EAFE IMI IndexEFA
The outcome period
Room to the cap15.6%
Buffer left, in index points13.8% of 15.0%
Days left in the period324
Period endsSep 17, 2027
Cost and size
Expense ratio0.07%0.90%
Net assets, as of Oct 27, 2026$190.1bn$135m
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund12.3%

Method

Side by side

IEFA iShares Core MSCI EAFE ETF YSEP FT Vest International Equity Moderate Buffer ETF - September
Where it sits Stock ETF Buffer ETF
What it is Tracks the MSCI EAFE Defined outcome, 15% on EFA
Total return, 1 year +12.3% +10.1%
Its benchmark over the same days +14.3% (ACWX) +8.4% (EFA)
Gap to its benchmark −2.0 pts vs ACWX +1.7 pts vs EFA
Expense ratio 0.07% 0.90%
Holdings 2629 not read by ETFIQ
Net assets, IEFA as of Oct 28, 2026 and YSEP as of Oct 27, 2026 $190.4bn $135m

IEFA and YSEP 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.

YSEP

From its price on Oct 28, 2026, the fund can gain about 15.6% more before it reaches its cap. The fund's price can fall 0.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, EFA can fall 0.0% from today's level to the point where the buffer begins. Protection left, in index points: 13.8% of the 15.0% buffer still sits below today's EFA level. 324 days remained on Oct 28, 2026. On Sep 17, 2027 the period ends and a new cap is set.

Questions people ask

Are IEFA and YSEP in the same category?
IEFA is a stock ETF and YSEP is a buffer ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, IEFA or YSEP?
In the year to Oct 28, 2026, with distributions reinvested, IEFA returned +12.3% and YSEP +10.1%.
Which is cheaper, IEFA or YSEP?
IEFA is cheaper, by 0.83 percentage points a year. That is about $83 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, IEFA against YSEP, data as of Oct 28, 2026. https://etfiq.com/compare/any/iefa-vs-ysep

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