BBEU vs IEFA: Grades, Fees and Holdings Compared

JPMorgan BetaBuilders Europe ETF

BBEUBCboe

iShares Core MSCI EAFE ETF

IEFAACboe

Overlap

46.3%by weight

Expense ratio

IEFA −0.02pt a year

BBEU0.09%IEFA0.07%

Avg volume · 30D

IEFA 30.6×the volume

BBEU289KIEFA8.85M

5Y return · a year

BBEU +0.6pt

BBEU+8.8%IEFA+8.2%

BBEU vs IEFA Performance

Oct 29, 2021 – Oct 30, 2026

+52.6%BBEU+48.4%IEFA

Expense ratio: BBEU 0.09%; IEFA 0.07%, better
Fund size: BBEU $9.04B; IEFA $189B
1Y total return: BBEU +12.0%; IEFA +13.3%, better
Yield (12M): BBEU 3.01%; IEFA 3.41%, better
Holdings: BBEU 347; IEFA 2638
Avg volume (30D): BBEU 289K sh; IEFA 8.85M sh, better
NAV per share: BBEU $76.24; IEFA $96.14
52W range

ETF.net Grade

Pillar letters and Scores for BBEU, IEFA, with each pillar’s weight
Pillar	BBEU	IEFA
Cost30% weight	C53	B68Higher
Mission25% weight	A100	A100
Risk15% weight	C44	C44
Tradability15% weight	C40	A80Higher
Holdings10% weight	D29	A87Higher
Durability5% weight	C46	A85Higher

Rank among Developed International Core funds

How we build Categories ›

Same Category. BBEU and IEFA are both graded against the same 20 Developed International Core funds, so their Grades compare head to head.

Developed International Core⁠

Category · 20 funds

See all 20 ›

IEFA ranks 4th and BBEU 11th of 20 funds in the Developed International Core Category.

Rank 1AIDEViShares Core MSCI International Developed Markets ETFScore 81
Rank 2ASPDWState Street SPDR Portfolio Developed World ex-US ETFScore 80
Rank 2AVEAVanguard FTSE Developed Markets ETFScore 80
Rank 4AIEFAiShares Core MSCI EAFE ETFScore 76
Rank 4ASCHFSchwab International Equity ETFScore 76
Rank 10BEFAiShares MSCI EAFE ETFScore 60
Rank 11BBBEUJPMorgan BetaBuilders Europe ETFScore 58
Rank 11BFLEEFranklin FTSE Europe ETFScore 58

Our read on each fund

ETF.net Research

BBEUBJPMorgan BetaBuilders Europe ETF

IEFAAiShares Core MSCI EAFE ETF

In short

BBEU Most "international" funds bundle Europe with Japan and the rest of Asia. BBEU carves out Europe alone: about 400 developed-Europe stocks, tracked by index, for 0.09% a year.

IEFA Developed markets outside the US and Canada, right down to the small caps: roughly 2,600 stocks for 0.07% a year. The category's workhorse, and one of the biggest, most heavily traded funds on the shelf.

Stated mandate

BBEU The Fund seeks to track the Morningstar Developed Europe Target Market Exposure Index before fees and expenses. It uses passive indexing to replicate the index as closely as possible.

IEFA The fund seeks to track an index of large-, mid- and small-capitalization developed-market equities outside the United States and Canada.

Why people hold it

BBEU Charges 0.09% a year, half the 0.18% typical for its peer group.
Pure plumbing: it replicates a Morningstar developed-Europe index with no manager discretion, and hews to that stated mandate as closely as anything in its peer group.
A multi-billion-dollar J.P. Morgan fund running since 2018, with quarterly distributions.

IEFA Charges 0.07% a year, against a 0.18% median for its developed-markets index peers.
The index reaches past large and mid caps into small caps, so you hold roughly 2,600 names across Europe, Japan and Australasia, not just the blue-chip layer.ishares.com
Trading since 2012 and now one of the largest and most actively traded funds in its group, which usually means a deep pool of buyers and sellers.
Sticks tightly to its stated mandate: a plain index wrapper on MSCI EAFE IMI, no active tilts hiding under the hood. Among the stronger builds in its peer group.

Worth knowing

BBEU Europe only. Broad developed-market peers like VEA, SCHF and SPDW also carry Japan, Canada and Australia; with BBEU you decide how Europe fits the rest.
VGK covers the same continent for 0.06%, so the cost edge holds against the category median more than against every Europe rival.
About 400 large and mid-size names means a narrower field than a global developed fund, and performance rides Europe's own economic cycle.

IEFA Not the cheapest option: VEA, SPDW and SCHF each run 0.03%. The few extra basis points buy the EAFE index and its small-cap reach.
EAFE stops at developed markets and leaves out Canada, so a full international sleeve needs emerging markets (and Canada) from somewhere else.
Distributions arrive once or twice a year rather than monthly or quarterly.

Full BBEU profile⁠

Full IEFA profile⁠

BBEU vs IEFA Holdings

How BBEU and IEFA differ

Overlap by weight

46.3%

Shared holdings make up 86.7% of BBEU and 46.4% of IEFA.

Level by level

Holdings257 in both46.3%
Countryby domicile61.2%
Sector11 Sectors91.2%
Asset classEquity100%

Sector

Sector weights in BBEU and IEFA, widest gap first
Sector	More in BBEUMore in IEFA	BBEU	IEFA
Consumer Discretionary	IEFA +2.9 points	5.7%	8.6%
Health Care	BBEU +2.5 points	12.8%	10.3%
Real Estate	IEFA +2.2 points	0.4%	2.6%
Financials	BBEU +2.2 points	25.9%	23.7%
Consumer Staples	BBEU +1.7 points	8.4%	6.7%
Energy	BBEU +1.5 points	5.8%	4.3%
Communication	IEFA +1.2 points	2.6%	3.8%
Technology	IEFA +1.0 points	9.6%	10.6%
Materials	IEFA +1.0 points	5.5%	6.5%
Utilities	BBEU +1.0 points	4.5%	3.6%
Industrials	IEFA +0.4 points	18.8%	19.2%

Country, concentration and asset class

Country by domicile

Country weights in BBEU and IEFA, widest gap first
Country	More in BBEUMore in IEFA	BBEU	IEFA
Japan	IEFA +26.6 points	0.0%	26.6%
United Kingdom	BBEU +7.6 points	22.3%	14.7%
Australia	IEFA +7.4 points	0.0%	7.4%
Switzerland	BBEU +6.3 points	15.5%	9.2%
Germany	BBEU +5.0 points	13.4%	8.4%
France	BBEU +4.1 points	12.8%	8.7%
Netherlands	BBEU +3.8 points	9.0%	5.2%
Sweden	BBEU +2.2 points	6.0%	3.8%
Other countries (16)	BBEU +5.0 points	21.0%	16.0%

Outside the US: BBEU 99% developed, 1% emerging. IEFA 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

BBEU22.6%
IEFA12.4%

Securities held

BBEU341
IEFA2,621

Asset class

BBEU: Equity
IEFA: Equity

Holdings

Only in BBEU84
In both257
Only in IEFA2,364

Only in BBEU

84 securities, 12.7% of BBEU by weight

Novo Nordisk A/S Common0.94%
Airbus SE Common Stock0.94%
Investor Ab Common Stock0.77%
Atlas Copco Ab Common0.54%
Glencore PLC Common0.49%
Nordea Bank Abp Common0.43%
Volvo Ab Common Stock Sek0.42%
Argenx SE0.41%
Ferrari NV Common Stock0.37%
Engie SA Common Stock0.36%
Assa Abloy Ab Common0.31%
Swedbank Ab Common Stock0.28%
Experian PLC Common Stock0.27%
Orange SA Common Stock0.25%
Telefonaktiebolaget Lm0.23%
Stmicroelectronics NV0.22%
Skandinaviska Enskilda0.21%
Dsm-Firmenich AG Common0.19%
Saab Ab Common Stock Sek0.19%
Arcelormittal SA Common0.19%
Powszechna Kasa0.19%
Novonesis Novozymes B0.18%
Hexagon Ab Common Stock0.17%
Epiroc Ab Common Stock0.17%
Leonardo Spa Common0.17%
Svenska Handelsbanken Ab0.17%
Coca-Cola Europacific0.16%
Orlen SA Common Stock Pln0.16%
Amrize Ltd Common Stock0.15%
Ap Moller - Maersk A/S0.14%
Essity Ab Common Stock0.14%
Bt Group PLC Common Stock0.13%
Edp SA Common Stock Eur 10.11%
Industrivarden Ab Common0.11%
Cvc Capital Partners PLC0.11%
Bank Polska Kasa Opieki0.10%
Carlsberg As Common Stock0.10%
Upm-Kymmene Oyj Common0.10%
Allegro.eu SA Common0.10%
Coca-Cola Hbc AG Gbp 6.70.10%
Skf Ab Common Stock Sek0.09%
Telecom Italia0.09%
Galp Energia Sgps SA0.08%
Powszechny Zaklad0.08%
Coloplast A/S Common0.08%
Kghm Polska Miedz SA0.07%
Biontech SE Adr USD0.07%
Tenaris SA Common Stock0.07%
Skanska Ab Common Stock0.07%
Stellantis NV Common0.07%

Only in IEFA

2,364 securities, 53.0% of IEFA by weight

Mitsubishi Ufj Financial Group0.94%
Bhp Group Ltd0.83%
Commonwealth Bank of Australia0.79%
Toyota Motor0.74%
Advantest0.65%
Recruit Holdings Ltd0.65%
Sumitomo Mitsui Financial Group0.60%
Sony Group0.58%
Hitachi0.57%
Tokyo Electron0.54%
Novo Nordisk Class B0.51%
Airbus Group0.51%
Dbs Group Holdings Ltd0.47%
Mizuho Financial Group0.46%
Softbank Group Corp0.42%
Aia Group0.40%
Tokio Marine Holdings0.40%
Kioxia Holdings0.39%
Mitsubishi0.37%
Keyence0.37%
National Australia Bank0.36%
Westpac Banking Corporation0.36%
Fast Retailing0.35%
Spotify Technology0.35%
Anz Group Holdings Ltd0.35%
Itochu0.33%
Investor Class B0.30%
Mitsui0.30%
Oversea-Chinese Banking0.30%
Mitsubishi Heavy Industries0.28%
Csl0.27%
Takeda Pharmaceutical0.27%
Murata Manufacturing0.26%
Glencore PLC0.26%
Macquarie Group Ltd Def0.26%
Shin Etsu Chemical0.25%
Wesfarmers0.25%
Nintendo0.23%
Argenx0.23%
Mitsubishi Electric0.22%
Hoya0.22%
Nordea Bank0.21%
Panasonic Holdings0.21%
Kddi0.21%
Japan Tobacco0.20%
Teva Pharmaceutical Industries0.20%
Volvo Class B0.20%
Ferrari0.19%
Atlas Copco Class A0.19%
Hong Kong Exchanges and Clearing0.19%

Weight gaps

The 100 widest of 257 Holdings in both funds.

Holding weights in BBEU and IEFA, widest gap first
Holding	More in BBEUMore in IEFA	BBEU	IEFA
Asml Holding NV Common	BBEU +2.07 points	4.52%	2.45%
Roche Holding AG Common	BBEU +1.14 points	2.52%	1.38%
Novartis AG Common Stock	BBEU +1.10 points	2.29%	1.19%
Shell PLCSHEL.L	BBEU +1.10 points	2.35%	1.25%
Astrazeneca PLC CommonAZN.L	BBEU +1.03 points	2.16%	1.13%
Hsbc Holdings PLC CommonHSBA.L	BBEU +1.02 points	2.19%	1.17%
Nestle SA Common Stock	BBEU +0.85 points	1.91%	1.06%
Sap SE Common Stock Eur	BBEU +0.72 points	1.68%	0.96%
Siemens AG Common Stock	BBEU +0.72 points	1.58%	0.86%
Totalenergies SE Common	BBEU +0.70 points	1.44%	0.74%
Allianz SE Common Stock	BBEU +0.65 points	1.39%	0.74%
Banco Santander SA Common	BBEU +0.60 points	1.24%	0.64%
Iberdrola SA Common Stock	BBEU +0.51 points	1.13%	0.62%
British American TobaccoBATS.L	BBEU +0.49 points	0.99%	0.50%
Schneider Electric SE	BBEU +0.50 points	1.08%	0.58%
Unilever PLC CommonULVR.L	BBEU +0.49 points	1.05%	0.56%
Unicredit Spa Common	BBEU +0.47 points	0.91%	0.44%
Rolls-Royce Holdings PLCRR.L	BBEU +0.47 points	1.02%	0.55%
Abb Ltd Common Stock Chf	BBEU +0.46 points	0.99%	0.53%
Ubs Group AG Common Stock	BBEU +0.45 points	1.05%	0.60%
Air Liquide SA Common	BBEU +0.45 points	0.96%	0.51%
Bp PLC Common Stock GbpBP.L	BBEU +0.44 points	0.97%	0.53%
Banco Bilbao Vizcaya	BBEU +0.45 points	0.97%	0.52%
L'oreal SA Common Stock	BBEU +0.42 points	0.88%	0.46%
Siemens Energy AG Common	BBEU +0.41 points	0.85%	0.44%
Zurich Insurance Group AG	BBEU +0.40 points	0.85%	0.45%
Intesa Sanpaolo Spa	BBEU +0.38 points	0.75%	0.37%
Cie Financiere Richemont	BBEU +0.37 points	0.80%	0.43%
Lvmh Moet Hennessy Louis	BBEU +0.37 points	0.80%	0.43%
Safran SA Common Stock	BBEU +0.37 points	0.79%	0.42%
Sanofi SA Common Stock	BBEU +0.35 points	0.74%	0.39%
Deutsche Telekom AG	BBEU +0.34 points	0.74%	0.40%
Gsk PLC Common Stock GbpGSK.L	BBEU +0.35 points	0.75%	0.40%
Bnp Paribas SA Common	BBEU +0.34 points	0.72%	0.38%
Ing Groep NV Common Stock	BBEU +0.32 points	0.68%	0.36%
Rio Tinto PLC CommonRIO.L	BBEU +0.30 points	0.65%	0.35%
National Grid PLC CommonNG.L	BBEU +0.30 points	0.63%	0.33%
Bae Systems PLCBA.L	BBEU +0.29 points	0.61%	0.32%
Axa SA Common Stock Eur	BBEU +0.28 points	0.58%	0.30%
Muenchener	BBEU +0.28 points	0.60%	0.32%
Enel Spa Common Stock Eur	BBEU +0.27 points	0.59%	0.32%
Barclays PLC Common StockBARC.L	BBEU +0.26 points	0.56%	0.30%
Infineon Technologies AG	BBEU +0.25 points	0.55%	0.30%
Lloyds Banking Group PLCLLOY.L	BBEU +0.25 points	0.54%	0.29%
Industria De Diseno	BBEU +0.25 points	0.52%	0.27%
Anheuser-Busch Inbev	BBEU +0.24 points	0.53%	0.29%
Relx PLC Common Stock GbpREL.L	BBEU +0.24 points	0.52%	0.28%
Deutsche Boerse AG	BBEU +0.22 points	0.48%	0.26%
Deutsche Bank AG Common	BBEU +0.22 points	0.45%	0.23%
Vinci SA Common Stock Eur	BBEU +0.21 points	0.44%	0.23%
Natwest Group PLC CommonNWG.L	BBEU +0.21 points	0.46%	0.25%
Dhl AG Common Stock Eur	BBEU +0.21 points	0.45%	0.24%
Essilorluxottica SA	BBEU +0.21 points	0.45%	0.24%
Compass Group PLC CommonCPG.L	BBEU +0.20 points	0.43%	0.23%
Lonza Group AG Common	BBEU +0.19 points	0.41%	0.22%
Eni Spa	BBEU +0.19 points	0.41%	0.22%
London Stock ExchangeLSEG.L	BBEU +0.18 points	0.41%	0.23%
Rheinmetall AG Common	BBEU +0.18 points	0.40%	0.22%
Diageo PLC Common StockDGE.L	BBEU +0.18 points	0.39%	0.21%
Swiss Re AG Common Stock	BBEU +0.17 points	0.39%	0.22%
Basf SE Common Stock Eur	BBEU +0.17 points	0.38%	0.21%
Hermes International Sca	BBEU +0.17 points	0.37%	0.20%
Standard Chartered PLCSTAN.L	BBEU +0.17 points	0.36%	0.19%
Generali Common Stock	BBEU +0.17 points	0.31%	0.14%
Danone SA Common Stock	BBEU +0.17 points	0.35%	0.18%
Nokia Oyj Common Stock	BBEU +0.17 points	0.34%	0.17%
Bayer AG Common Stock Eur	BBEU +0.17 points	0.39%	0.22%
Reckitt Benckiser GroupRKT.L	BBEU +0.17 points	0.35%	0.18%
Rwe AG Common Stock Eur	BBEU +0.16 points	0.33%	0.17%
Societe Generale SA	BBEU +0.16 points	0.33%	0.17%
E.on SE Common Stock Eur	BBEU +0.16 points	0.35%	0.19%
Anglo American PLC CommonAAL.L	BBEU +0.16 points	0.37%	0.21%
Tesco PLC Common StockTSCO.L	BBEU +0.16 points	0.34%	0.18%
Prosus NV Common Stock	BBEU +0.15 points	0.34%	0.19%
Caixabank SA Common	BBEU +0.15 points	0.33%	0.18%
Dsv A/S Common Stock Dkk	BBEU +0.14 points	0.30%	0.16%
Sandoz Group AG Common	BBEU +0.14 points	0.31%	0.17%
Holcim AG Common Stock	BBEU +0.14 points	0.31%	0.17%
Sse PLC Common Stock GbpSSE.L	BBEU +0.14 points	0.31%	0.17%
Legrand SA Common Stock	BBEU +0.14 points	0.29%	0.15%
Repsol SA Common Stock	BBEU +0.13 points	0.28%	0.15%
Haleon PLC Common StockHLN.L	BBEU +0.13 points	0.28%	0.15%
Ucb SA Common Stock Eur 0	BBEU +0.13 points	0.28%	0.15%
Prysmian Spa Common	BBEU +0.13 points	0.27%	0.14%
Sandvik Ab Common Stock	BBEU +0.13 points	0.28%	0.15%
Sika AG Common Stock Chf	BBEU +0.13 points	0.26%	0.13%
Adidas AG Common Stock	BBEU +0.13 points	0.25%	0.12%
Cie De Saint-Gobain SA	BBEU +0.13 points	0.26%	0.13%
Kbc Group NV Common Stock	BBEU +0.12 points	0.24%	0.12%
Erste Group Bank AG	BBEU +0.12 points	0.27%	0.15%
Mercedes-Benz Group AG	BBEU +0.12 points	0.24%	0.12%
Alcon AG Common Stock Chf	BBEU +0.12 points	0.26%	0.14%
Danske Bank A/S Common	BBEU +0.11 points	0.24%	0.13%
Asm International NV	BBEU +0.12 points	0.27%	0.15%
Givaudan SA Common Stock	BBEU +0.11 points	0.29%	0.18%
Swiss Life Holding AG	BBEU +0.11 points	0.24%	0.13%
Imperial Brands PLCIMB.L	BBEU +0.11 points	0.23%	0.12%
Vodafone Group PLCVOD.L	BBEU +0.11 points	0.23%	0.12%
Equinor Asa Common Stock	BBEU +0.11 points	0.24%	0.13%
Eqt Ab Common Stock Sek	BBEU +0.11 points	0.17%	0.06%

All 352 BBEU holdings⁠All 2,625 IEFA holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BBEU vs IEFA Cost

Overpaying BBEU vs IEFA

$418

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BBEU 0.09%
$1,898
IEFA 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

BBEU 0.09%
IEFA 0.07%
Overpaying

Year by year

Year	BBEU	IEFA	Overpaying
10	$165	$128	$37
20	$646	$503	$143
30	$1,898	$1,480	$418

Expense ratio

0.09%BBEU
0.07%IEFA, cheaper

IEFA0.07%BBEU0.09%

0.03%0.70%

Middle half of Developed International Core funds
Median 0.10%

IEFA 7th cheapest of 20 funds

BBEU 9th cheapest of 20 funds

BBEU vs IEFA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BBEU 3.01%; IEFA 3.41%, better
Payout (12M): BBEU $2.29; IEFA $3.29
Last payment: BBEU $0.28; IEFA $1.58
Ex-dividend: BBEU Sep 22, 2026; IEFA Jun 15, 2026
Paid on: BBEU Sep 24, 2026; IEFA Jun 18, 2026
Frequency: BBEU Quarterly; IEFA Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

BBEUQuarterly · 32 paymentsAll BBEU payments⁠

IEFATwice a year · 20 paymentsAll IEFA payments⁠

BBEU vs IEFA Risk

Fall from peak · 5 years

BBEU
IEFA

Risk facts

VolatilityStd dev, 3 years: BBEU 12.7%IEFA 11.9%, better
Return per unit of riskSharpe ratio, 3 years: BBEU 1.12IEFA 1.20, better
Worst fallMax drawdown, 5 years: BBEU −31.1%IEFA −30.0%, better
Market sensitivityBeta, 5 years: BBEU 0.84IEFA 0.89; Market = 1

BBEU and IEFA in the news

All news⁠

Head-to-Head
IEFA vs. EFA: the cheaper fund is the one to hold
Oct 27, 2026IEFA
Head-to-Head
South Korea is the difference between VWO and IEMG
Oct 20, 2026IEFA
Best ETFs
Vanguard's total international fund is the one-fund pick, and Korea splits the rest
Updated Oct 2, 2026IEFA
ETF Filings
Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank
Sep 18, 2026IEFA
New ETFs
PGIM lists two more Jennison core ETFs after a May launch that still holds $7 million
Sep 8, 2026IEFA

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BBEU vs IEFA

In short

Stated mandate

Why people hold it