QEFA vs VEA: Differences, Returns & Fees

Over the year to Oct 21, 2026, QEFA returned +16.1% to VEA's +18.6%; 53% of their weight is in the same names. Net assets: $1.0bn on Oct 20, 2026 for State Street SPDR MSCI EAFE StrategicFactors ETF, and $231.6bn on Sep 30, 2026 for Vanguard FTSE Developed Markets ETF.

Ask IQ about this page

Ask IQ about QEFA and VEA

Answers cite the figures on this page.

VEA costs 0.27 points a year less; their one-year returns differ by 2.5 points; VEA is far larger, $231.6bn against $1.0bn.

QEFA vs VEA: Differences, Returns & Fees
QEFAVEA
Expense ratio0.30%0.03%
Net assets, as of Sep 30, 2026$1.0bn$231.6bn
Total return, 1 year+16.1%+18.6%
What it tracksMSCI EAFE Factor Mix A-Series IndexFTSE Developed All Cap ex US Index
Holdings in common53%
Top ten holdings, share of the fund15.1%13.6%
Below its high4.7%, high on Aug 25, 2026

Holdings in common uses holdings dated Sep 30, 2026 and Oct 20, 2026.

+16.1%
QEFA total return, 1 year
+18.6%
VEA total return, 1 year
0.30%
QEFA expense ratio
0.03%
VEA expense ratio

Get QEFA's fund flows by email, every Monday.

Plus the Friday ETF note. Confirm from the link that arrives, and unsubscribe in one click. See Privacy.

Client brief · page 1 of 2Report BR-85C9C30686

QEFA and VEA are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. QEFA follows MSCI EAFE Factor Mix A-Series Index and VEA follows FTSE Developed All Cap ex US Index.
  2. One-year total return. Over 1 year to Oct 21, 2026 QEFA returned +16.1% and VEA +18.6% with distributions reinvested, a gap of 2.5 points.
  3. Number of holdings. QEFA holds 626 positions and VEA holds 3906.

Data as of Oct 21, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

Take this comparison to a client

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.

What they hold in common

By the books each fund has filed, QEFA and VEA hold 53% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 20, 2026.

half

53% in common

Positions both hold, largest shared weight first
Holding QEFA VEA
ASML HOLDING NV 2.02% 2.14%
ROCHE HOLDING AG 2.01% 0.91%
SHELL PLC 1.40% 0.86%
NOVARTIS AG REG 2.00% 0.82%
ASTRAZENECA PLC 1.58% 0.75%
NESTLE SA REG 1.60% 0.72%
HSBC HOLDINGS PLC 0.69% 1.05%
BHP GROUP LTD 0.99% 0.67%
SAP SE 1.19% 0.63%
TOYOTA MOTOR CORP 0.57% 0.59%
ALLIANZ SE REG 1.03% 0.56%
SCHNEIDER ELECTRIC SE 0.58% 0.55%
Only in QEFA
HKT TRUST AND HKT LTD SS 0.18%
CHECK POINT SOFTWARE TECH 0.15%
NORDEA BANK ABP 0.12%
EURO CURRENCY 0.08%
YANGZIJIANG SHIPBUILDING 0.06%
AERCAP HOLDINGS NV 0.06%
STMICROELECTRONICS NV 0.04%
FUTU HOLDINGS LTD ADR 0.03%
Only in VEA
Samsung Electronics Co Ltd 2.81%
SK hynix Inc 2.30%
SLBBH1142 1.07%
Royal Bank of Canada 0.85%
Toronto-Dominion Bank 0.60%
Shopify Inc 0.56%
Bank of Montreal 0.37%
SAMSUNG ELECTRONICS-PREF 0.35%

Check overlap with more funds →

On the same fields

QEFA
State Street SPDR MSCI EAFE StrategicFactors ETF
VEA
Vanguard FTSE Developed Markets ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks an index of Developed markets ex US
Total return, 1 year +16.1% +18.6%
Its benchmark over the same days +16.4% (ACWX) not measured
Gap to its benchmark −0.3 pts vs ACWX not measured
Expense ratio 0.30% 0.03%
Already in the S&P 500 0.0% 0.0%
Holdings 626 3906
Net assets, QEFA as of Oct 20, 2026 and VEA as of Sep 30, 2026 $1.0bn $231.6bn

QEFA and VEA on the fields both publish, as of Oct 21, 2026. Source: ETFIQ.

About QEFA

QEFA tracks an index. Over the year to Oct 21, 2026 it returned +16.1% with distributions reinvested, against +16.4% for its benchmark, the MSCI All Country World ex USA Index. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 20, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 626 positions, with the top ten at 15.1%.

About VEA

VEA tracks an index of Developed markets ex US. Over the year to Oct 21, 2026 it returned +18.6% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,906 positions, with the top ten at 13.6%. It sat 4.7% below its high of Aug 25, 2026 on Oct 21, 2026.

Questions people ask

Which returned more over the last year, QEFA or VEA?
In the year to Oct 21, 2026, with distributions reinvested, QEFA returned +16.1% and VEA +18.6%.
Which is cheaper, QEFA or VEA?
VEA is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QEFA and VEA overlap with the S&P 500?
By their latest filed holdings, 0% of QEFA and 0% of VEA by weight is stocks the S&P 500 already holds.
Cite this pageCitation, APA and Markdown

ETFIQ, QEFA against VEA, data as of Oct 21, 2026. https://etfiq.com/compare/any/qefa-vs-vea

Open data

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