EFAV vs IQDG: Grades, Fees and Holdings Compared

iShares MSCI EAFE Min Vol Factor ETF

EFAVACboe

WisdomTree International Quality Dividend Growth Fund

IQDGCCboe

Overlap

18.7%by weight

Expense ratio

EFAV −0.22pt a year

EFAV0.20%IQDG0.42%

Avg volume · 30D

EFAV 14.6×the volume

EFAV510KIQDG34.9K

10Y return · a year

IQDG +0.9pt

EFAV+7.3%IQDG+8.2%

EFAV vs IQDG Performance

Oct 29, 2021 – Oct 30, 2026

+45.5%EFAV+21.5%IQDG

Expense ratio: EFAV 0.20%, better; IQDG 0.42%
Fund size: EFAV $5.53B; IQDG $683M
1Y total return: EFAV +17.8%, better; IQDG +8.4%
Yield (12M): EFAV 2.97%, better; IQDG 2.40%
Holdings: EFAV 283; IQDG 290
Avg volume (30D): EFAV 510K sh, better; IQDG 34.9K sh
NAV per share: EFAV $96.22; IQDG $42.16
52W range

ETF.net Grade

Pillar letters and Scores for EFAV, IQDG, with each pillar’s weight
Pillar	EFAV	IQDG
Cost30% weight	A89Higher	D36
Mission25% weight	B56	A99Higher
Risk15% weight	A75Higher	D28
Tradability15% weight	A84Higher	D36
Holdings10% weight	B69Higher	C44
Durability5% weight	A83Higher	B60

Rank among International Factor Index funds

How we build Categories ›

Same Category. EFAV and IQDG are both graded against the same 15 International Factor Index funds, so their Grades compare head to head.

International Factor Index⁠

Category · 15 funds

See all 15 ›

EFAV ranks 1st and IQDG 9th of 15 funds in the International Factor Index Category.

Rank 1AEFAViShares MSCI EAFE Min Vol Factor ETFScore 75
Rank 2BACWViShares MSCI Global Min Vol Factor ETFScore 68
Rank 9CGMOIGMO International Value ETFScore 52
Rank 9CIQDGWisdomTree International Quality Dividend Growth FundScore 52
Rank 11CFYLDCambria Foreign Shareholder Yield ETFScore 50

Our read on each fund

ETF.net Research

EFAVAiShares MSCI EAFE Min Vol Factor ETF

IQDGCWisdomTree International Quality Dividend Growth Fund

In short

EFAV The 2011 original for overseas min vol: roughly 300 developed-market stocks outside the US and Canada, picked for lower-volatility traits, at 0.20% a year. One of the strongest builds in its international factor group.

IQDG WisdomTree's quality-dividend-growth idea, taken overseas in 2016: roughly 300 international dividend payers in one ticker, run by a fund that has hugged its benchmark about as tightly as this corner of the market gets.

Stated mandate

EFAV The fund seeks to track an index of developed-market equities outside the United States and Canada that have lower-volatility characteristics.

IQDG The Fund seeks to track, before fees and expenses, the price and yield performance of the WisdomTree International Quality Dividend Growth Index.

Why people hold it

EFAV Charges 0.20% a year, less than half the typical fee among international factor funds.
Running since 2011 and now a multi-billion-dollar fund that trades actively, one of the longer records in the international factor aisle.
Spreads across about 300 names and follows the MSCI EAFE Minimum Volatility Index, so the low-vol call is rules-based rather than a manager's hand-picked list.ishares.com
Stands among the strongest implementations in its 18-fund international factor peer group.

IQDG Does the one job an index fund has: tracking has been among the tightest in its international-factor peer group.
About 300 holdings, so no single overseas name or market carries the fund.
Pays quarterly, which suits investors who want the international dividend stream to actually show up in cash.
At 0.42% a year, the fee sits right around the middle of its international-factor cohort rather than at the pricey end.

Worth knowing

EFAV The min-vol screen reshapes the lineup, so sector and country weights can sit well away from a plain EAFE index fund and results diverge from it.
QLVD runs a developed ex-US low-volatility mandate for 0.15%, so cheaper shelf-mates exist in the same aisle.
Coverage stops at developed markets outside the US and Canada, leaving emerging markets and Canadian stocks to other holdings.ishares.com

IQDG Cheaper shelf-mates exist in the same cohort: QLVD at 0.15% and EFAV and ACWV at 0.20% all undercut it.
This is a quality-and-growth screen, not a volatility screen. It rides market swings more fully than min-vol peers like EFAV or ACWV.
Volume is moderate rather than heavy, so spreads are worth a look before placing size.

Full EFAV profile⁠

Full IQDG profile⁠

EFAV vs IQDG Holdings

How EFAV and IQDG differ

Overlap by weight

18.7%

Shared holdings make up 50.0% of IQDG and 22.5% of EFAV.

Level by level

Holdings58 in both18.7%
Sector11 Sectors68.8%
Countryby domicile72.6%
Asset classEquity100%

Sector

Sector weights in EFAV and IQDG, widest gap first
Sector	More in EFAVMore in IQDG	EFAV	IQDG
Consumer Discretionary	IQDG +12.5 points	5.9%	18.4%
Industrials	IQDG +9.9 points	14.2%	24.1%
Utilities	EFAV +8.1 points	8.8%	0.7%
Consumer Staples	EFAV +7.5 points	11.7%	4.2%
Technology	IQDG +5.6 points	6.2%	11.8%
Energy	EFAV +5.4 points	9.3%	3.9%
Materials	IQDG +3.3 points	1.6%	4.9%
Communication	EFAV +3.1 points	8.5%	5.4%
Financials	EFAV +2.6 points	20.1%	17.5%
Health Care	EFAV +2.4 points	11.2%	8.8%
Real Estate	EFAV +2.3 points	2.6%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in EFAV and IQDG, widest gap first
Country	More in EFAVMore in IQDG	EFAV	IQDG
Japan	EFAV +9.7 points	29.2%	19.5%
Hong Kong	EFAV +5.0 points	5.4%	0.4%
France	IQDG +4.8 points	5.8%	10.6%
Sweden	IQDG +4.7 points	0.0%	4.7%
Netherlands	IQDG +4.2 points	2.2%	6.4%
Germany	IQDG +3.6 points	4.0%	7.6%
Australia	EFAV +3.6 points	5.5%	1.9%
Spain	IQDG +2.9 points	4.3%	7.2%
Other countries (14)	EFAV +1.8 points	43.5%	41.7%

Outside the US: EFAV 97% developed, 3% emerging. IQDG 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

EFAV15.2%
IQDG28.0%

Securities held

EFAV265
IQDG275

Asset class

EFAV: Equity
IQDG: Equity

Holdings

Only in EFAV207
In both58
Only in IQDG217

Only in EFAV

207 securities, 76.6% of EFAV by weight

Shell1.69%
Takeda Pharmaceutical1.68%
Equinor1.64%
Iberdrola1.54%
Eni1.54%
Secom1.49%
Totalenergies1.45%
Swisscom AG1.34%
Zurich Insurance Group AG1.32%
Oversea-Chinese Banking1.22%
Softbank1.07%
Japan Tobacco1.06%
Nestle SA1.02%
Kddi1.01%
Ntt0.99%
Clp Holdings0.99%
Boc Hong Kong Holdings Ltd0.94%
Swiss Prime Site AG0.92%
Power Assets Holdings0.92%
Orange SA0.87%
East Japan Railway0.82%
Bridgestone0.75%
Kao0.73%
Bp PLC0.71%
Danone SA0.71%
Koninklijke Ahold Delhaize0.71%
Poste Italiane0.71%
Transurban Group Stapled Units0.70%
United Overseas Bank0.68%
Itochu0.68%
Helvetia Baloise Holding N AG0.67%
Astrazeneca PLC0.66%
Sanofi SA0.66%
Shionogi0.66%
Central Japan Railway0.65%
British American Tobacco0.64%
Deutsche Boerse AG0.64%
Medibank Private0.63%
Tryg0.62%
Schindler Holding AG0.62%
Omv0.62%
Haleon PLC0.57%
Canon0.55%
Otsuka Corp0.55%
Anheuser-Busch Inbev SA0.54%
Aena Sme SA0.53%
Oriental Land0.53%
Daito Trust Construction Ltd0.51%
Nippon Building Fund Reit0.50%
Telstra Group0.50%

Only in IQDG

217 securities, 49.1% of IQDG by weight

Astrazeneca PLC2.90%
Banco Bilbao Vizcaya Argentaria SA2.38%
LVMH Moet Hennessy Louis Vuitton SE2.38%
Siemens Ag-Reg2.16%
Banco Santander Sa1.64%
Airbus SE1.43%
Schneider Electric SA1.21%
Hermes International1.10%
Volvo AB1.08%
Murata Manufacturing Co Ltd1.04%
CIE Financiere Richemont0.97%
Daimler Truck Holding Ag0.80%
MS&AD Insurance Group Holdings Inc0.71%
Atlas Copco Ab-A Shs0.65%
Universal Music Group NV0.65%
Shin-Etsu Chemical Co Ltd0.65%
Safran SA0.63%
Sse PLC0.61%
Ericsson Lm-B Shs0.57%
3i Group PLC0.57%
Rolls-Royce Holdings PLC0.54%
Wolters Kluwer0.43%
Ferrari NV0.40%
Techtronic Industries Co0.38%
Amadeus IT Group SA0.38%
Experian PLC0.37%
Siemens Energy Ag0.36%
Resona Holdings Inc0.35%
Resonac Holdings Corp0.34%
Assa Abloy AB0.33%
Panasonic Holdings Corp0.32%
Eqt Ab0.32%
Sika Ag-Reg0.32%
Adidas AG0.32%
Hochtief AG0.32%
Rheinmetall AG0.32%
Bawag Group Ag0.32%
Legrand SA0.28%
Sumitomo Electric Industries Ltd0.28%
Northern Star Resources Ltd0.27%
Yangzijiang Shipbuilding Holdi0.26%
Traton SE0.26%
Prada S.P.A.0.26%
Evolution Mining Ltd0.26%
Coca-Cola HBC AG0.26%
Sandvik AB0.25%
Mitsubishi Heavy Industries Ltd0.24%
Infineon Technologies AG0.24%
Knorr-Bremse AG0.24%
Novozymes A/S0.22%

Weight gaps

All 58 Holdings in both funds, largest gap first.

Holding weights in EFAV and IQDG, widest gap first
Holding	More in EFAVMore in IQDG	EFAV	IQDG
Roche Ps Par AG	IQDG +3.12 points	0.32%	3.44%
Toyota Motor	IQDG +2.77 points	0.14%	2.91%
Novo Nordisk Class B	IQDG +2.71 points	0.05%	2.76%
Asml Holding	IQDG +2.53 points	0.26%	2.79%
Novartis AG	IQDG +2.00 points	1.41%	3.41%
Loreal SA	IQDG +1.87 points	0.64%	2.51%
Industria De Diseno Textil SA	IQDG +1.85 points	0.62%	2.47%
Tokyo Electron	IQDG +1.32 points	0.12%	1.44%
Hitachi	IQDG +1.20 points	0.07%	1.27%
Unilever PLCULVR.L	IQDG +1.18 points	1.17%	2.35%
Sap	IQDG +1.17 points	0.71%	1.88%
Dbs Group Holdings Ltd	IQDG +0.95 points	1.39%	2.34%
Obic Ltd	EFAV +0.92 points	1.09%	0.17%
Reckitt Benckiser Group PLCRKT.L	IQDG +0.87 points	0.08%	0.95%
Abb Ltd	IQDG +0.71 points	0.25%	0.96%
Advantest	IQDG +0.70 points	0.05%	0.75%
Singapore Telecommunications Ltd	IQDG +0.67 points	0.45%	1.11%
Relx PLCREL.L	IQDG +0.65 points	0.26%	0.91%
Chugai Pharmaceutical Ltd	IQDG +0.57 points	0.20%	0.77%
Lair Liquide Societe Anonyme Pour	IQDG +0.57 points	0.72%	1.29%
Sampo Class A	EFAV +0.54 points	1.11%	0.57%
Sompo Holdings	IQDG +0.49 points	0.12%	0.61%
Singapore Exchange	EFAV +0.47 points	0.67%	0.20%
Thales SA	IQDG +0.45 points	0.04%	0.49%
Bae Systems PLCBA.L	IQDG +0.35 points	0.45%	0.80%
Roche Holding AG	IQDG +0.32 points	0.40%	0.72%
Verbund AG	EFAV +0.31 points	0.46%	0.15%
Koninklijke Kpn NV	EFAV +0.29 points	0.74%	0.45%
Bank Hapoalim Bm	EFAV +0.27 points	0.86%	0.59%
Pan Pacific International Holdings	EFAV +0.27 points	0.37%	0.10%
Banco Comercial Portugues SA	IQDG +0.26 points	0.05%	0.31%
Kongsberg Gruppen	IQDG +0.25 points	0.05%	0.30%
The Sage GroupSGE.L	EFAV +0.22 points	0.38%	0.16%
Daiwa House Industry	IQDG +0.19 points	0.34%	0.53%
Sgs SA	IQDG +0.19 points	0.24%	0.43%
Givaudan SA	IQDG +0.19 points	0.31%	0.50%
Ana Holdings	EFAV +0.19 points	0.27%	0.08%
Geberit AG	IQDG +0.15 points	0.13%	0.28%
Ryohin Keikaku	EFAV +0.15 points	0.23%	0.08%
Bank Leumi Le Israel	IQDG +0.15 points	0.60%	0.75%
Admiral Group PLCADM.L	IQDG +0.14 points	0.17%	0.31%
Compass Group PLCCPG.L	IQDG +0.12 points	0.52%	0.64%
Keyence	IQDG +0.10 points	0.28%	0.38%
Brambles	IQDG +0.10 points	0.23%	0.33%
Singapore Airlines Ltd	IQDG +0.09 points	0.23%	0.32%
Jeronimo Martins SA	IQDG +0.09 points	0.14%	0.23%
Konami Group	IQDG +0.07 points	0.06%	0.13%
Aristocrat Leisure	IQDG +0.05 points	0.16%	0.21%
Shimano Inc	IQDG +0.05 points	0.05%	0.10%
Next PLCNXT.L	IQDG +0.04 points	0.22%	0.26%
Ucb SA	EFAV +0.03 points	0.25%	0.22%
Fujitsu	EFAV +0.03 points	0.32%	0.29%
Mizrahi Tefahot Bank Ltd	IQDG +0.03 points	0.40%	0.43%
Zensho Holdings	EFAV +0.03 points	0.08%	0.05%
Hoya	EFAV +0.02 points	0.33%	0.31%
Fast Retailing	EFAV +0.01 points	0.61%	0.60%
Kone	EFAV +0.01 points	0.50%	0.49%
Orion Class B	IQDG +0.01 points	0.12%	0.13%

All 265 EFAV holdings⁠All 276 IQDG 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.

EFAV vs IQDG Cost

Overpaying IQDG vs EFAV

$4,317

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

EFAV 0.20%
$4,155
IQDG 0.42%
$8,472

Amount$10,000

Years30 years

Cost over time

EFAV 0.20%
IQDG 0.42%
Overpaying

Year by year

Year	EFAV	IQDG	Overpaying
10	$365	$759	$394
20	$1,421	$2,927	$1,506
30	$4,155	$8,472	$4,317

Expense ratio

0.20%EFAV, cheaper
0.42%IQDG

EFAV0.20%IQDG0.42%

0.08%0.65%

Middle half of International Factor Index funds
Median 0.34%

EFAV 2nd cheapest of 15 funds

IQDG 10th cheapest of 15 funds

EFAV vs IQDG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EFAV 2.97%, better; IQDG 2.40%
Payout (12M): EFAV $2.86; IQDG $1.01
Last payment: EFAV $1.68; IQDG $0.12
Ex-dividend: EFAV Jun 15, 2026; IQDG Sep 25, 2026
Paid on: EFAV Jun 18, 2026; IQDG Sep 29, 2026
Frequency: EFAV Twice a year; IQDG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EFAVTwice a year · 18 paymentsAll EFAV payments⁠

IQDGQuarterly · 40 paymentsAll IQDG payments⁠

EFAV vs IQDG Risk

Fall from peak · 5 years

EFAV
IQDG

Risk facts

VolatilityStd dev, 3 years: EFAV 10.5%, betterIQDG 13.8%
Return per unit of riskSharpe ratio, 3 years: EFAV 1.24, betterIQDG 0.65
Worst fallMax drawdown, 5 years: EFAV −26.0%, betterIQDG −33.0%
Market sensitivityBeta, 5 years: EFAV 0.48IQDG 0.94; Market = 1

EFAV and IQDG in the news

All news⁠

ETF Filings
First Trust to liquidate HDMV, a $15 million international low-volatility ETF
Sep 14, 2026EFAV

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EFAV vs IQDG

In short

Stated mandate

Why people hold it

Worth knowing

How EFAV and IQDG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFAV

Only in IQDG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

First Trust to liquidate HDMV, a $15 million international low-volatility ETF

How EFAV and IQDG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFAV

Only in IQDG

Weight gaps