EFAX vs VSGX: Grades, Fees and Holdings Compared

State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

EFAXANYSE Arca

Vanguard ESG International Stock ETF

VSGXACboe

Overlap

22.8%by weight

Expense ratio

VSGX −0.10pt a year

EFAX0.20%VSGX0.10%

Avg volume · 30D

VSGX 8.9×the volume

EFAX18.7KVSGX166K

5Y return · a year

EFAX +0.2pt

EFAX+7.6%VSGX+7.4%

EFAX vs VSGX Performance

Oct 29, 2021 – Oct 30, 2026

+43.9%EFAX+43.0%VSGX

Expense ratio: EFAX 0.20%; VSGX 0.10%, better
Fund size: EFAX $487M; VSGX $6.7B
1Y total return: EFAX +10.3%; VSGX +14.4%, better
Yield (12M): EFAX 3.21%, better; VSGX 3.11%
Holdings: EFAX 639; VSGX 6667
Avg volume (30D): EFAX 18.7K sh; VSGX 166K sh, better
NAV per share: EFAX $53.53; VSGX $77.91
52W range

ETF.net Grade

Pillar letters and Scores for EFAX, VSGX, with each pillar’s weight
Pillar	EFAX	VSGX
Cost30% weight	B68	A100Higher
Mission25% weight	A100	A100
Risk15% weight	C44	C49Higher
Tradability15% weight	B56	B64Higher
Holdings10% weight	A71Higher	B60
Durability5% weight	A75	A92Higher

Rank among International ESG & Values Index funds

How we build Categories ›

Same Category. EFAX and VSGX are both graded against the same 18 International ESG & Values Index funds, so their Grades compare head to head.

International ESG & Values Index⁠

Category · 18 funds

See all 18 ›

VSGX ranks 1st and EFAX 5th of 18 funds in the International ESG & Values Index Category.

Rank 1AVSGXVanguard ESG International Stock ETFScore 82
Rank 2AESGDiShares ESG Aware MSCI EAFE ETFScore 79
Rank 4AFEDMNorthern Trust ESG & Climate Developed Markets ex-US Core ETFScore 72
Rank 5AEFAXState Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETFScore 71
Rank 6BPABDiShares Paris-Aligned Climate Optimized MSCI World ex USA ETFScore 68

Our read on each fund

ETF.net Research

EFAXAState Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

VSGXAVanguard ESG International Stock ETF

In short

EFAX Most ESG funds rebuild the developed-market index around ratings. EFAX makes one cut: companies that own fossil fuel reserves are out. The rest of the EAFE lineup stays put.

VSGX Most ex-US ESG funds stop at big developed-market names. VSGX casts a wider net: large, mid and small caps across developed and emerging markets, minus the industries its index screens out, for 0.10% a year.

Stated mandate

EFAX The fund seeks to provide returns generally corresponding to the MSCI EAFE ex Fossil Fuels Index before fees and expenses. The index screens the developed-market MSCI EAFE universe to exclude companies with specified fossil-fuel reserves.

VSGX The Fund seeks to track an index of large-, mid-, and small-capitalization stocks from developed and emerging markets outside the United States, subject to environmental, social, and corporate-governance screening.

Why people hold it

EFAX One legible rule: start with MSCI EAFE, drop the companies that hold fossil fuel reserves. No ratings black box to decode.ssga.com
Still a core-shaped fund, not a narrow slice: about 600 stocks across developed Europe, Australasia and the Far East.
0.20% a year, a shade under the typical fee in its international ESG peer group, from a State Street fund running since 2016.

VSGX 0.10% a year, well under half the typical fee in its international ESG peer group. Vanguard's usual move: undercut the room.
Reaches past the usual EAFE box, holding thousands of stocks across developed and emerging markets. EAFE-based rivals like ESGD and DMXF cover developed large and mid caps only.msci.com
The screen is FTSE's rulebook, not Vanguard's opinion: out go fossil fuel reserves, weapons, tobacco, alcohol, gambling, adult entertainment and nuclear power, plus conduct flags.ftserussell.com
What survives the screen stays market-cap weighted, with no factor tilts or manager stock picks. Distributions land quarterly.lseg.com

Worth knowing

EFAX The screen targets reserves ownership, not emissions or labor practices, so refiners, utilities and heavy fuel users can still make the cut.
Cheaper routes exist on the same aisle: VSGX at 0.10% and DMXF at 0.12% apply broader ESG screens for less.
Thinly traded next to the category's giants, so the bid-ask spread is a bigger slice of what it costs to get in and out.

VSGX Cutting oil, gas, coal, nuclear and weapons names removes whole slices of the market, so results can drift from a plain ex-US index in either direction.ftserussell.com
Emerging markets, small caps and foreign currency all ride along, which can mean wider swings than a developed large-cap-only ex-US fund.
It de-selects rather than rewards: clearing the screen isn't the same as being a sustainability leader, and there's no carbon or Paris-alignment target.lseg.com

Full EFAX profile⁠

Full VSGX profile⁠

EFAX vs VSGX Holdings

How EFAX and VSGX differ

Overlap by weight

22.8%

Shared holdings make up 39.3% of EFAX and 22.9% of VSGX.

Level by level

Holdings226 in both22.8%
Countryby domicile56.1%
Sector11 Sectors80.5%
Asset classEquity100%

Sector

Sector weights in EFAX and VSGX, widest gap first
Sector	More in EFAXMore in VSGX	EFAX	VSGX
Technology	VSGX +16.6 points	11.5%	28.1%
Industrials	EFAX +9.9 points	18.1%	8.2%
Utilities	EFAX +3.0 points	3.6%	0.6%
Consumer Staples	EFAX +2.9 points	7.6%	4.7%
Health Care	EFAX +3.0 points	12.0%	9.0%
Materials	VSGX +1.2 points	4.8%	6.0%
Real Estate	VSGX +1.1 points	1.6%	2.7%
Consumer Discretionary	EFAX +0.7 points	8.9%	8.2%
Financials	VSGX +0.5 points	27.8%	28.3%
Communication	VSGX +0.1 points	4.1%	4.2%
Energy	Same weight	0.1%	0.1%

Country, concentration and asset class

Country by domicile

Country weights in EFAX and VSGX, widest gap first
Country	More in EFAXMore in VSGX	EFAX	VSGX
Taiwan	VSGX +12.4 points	0.0%	12.4%
South Korea	VSGX +8.0 points	0.0%	8.0%
Japan	EFAX +7.2 points	24.3%	17.1%
United Kingdom	EFAX +6.9 points	12.8%	5.9%
China	VSGX +6.6 points	0.2%	6.8%
Canada	VSGX +6.4 points	0.0%	6.4%
Switzerland	EFAX +5.5 points	10.8%	5.3%
Germany	EFAX +5.3 points	9.4%	4.1%
Other countries (31)	EFAX +8.5 points	42.6%	34.1%

Outside the US: EFAX 99% developed, 1% emerging. VSGX 61% developed, 39% emerging.

Concentration

Weight in the 10 largest Holdings

EFAX15.3%
VSGX18.1%

Securities held

EFAX621
VSGX6,625

Asset class

EFAX: Equity
VSGX: Equity

Holdings

Only in EFAX395
In both226
Only in VSGX6,399

Only in EFAX

395 securities, 60.6% of EFAX by weight

Asml Holding NV3.33%
Hsbc Holdings PLC1.52%
Astrazeneca PLC1.35%
Banco Santander SA1.33%
Sap SE1.20%
Siemens AG Reg1.13%
Allianz SE Reg0.95%
Schneider Electric SE0.79%
Iberdrola SA0.78%
Rolls Royce Holdings PLC0.73%
Hitachi Ltd0.72%
Unilever PLC0.70%
Abb Ltd Reg0.70%
Banco Bilbao Vizcaya Argenta0.70%
Airbus SE0.66%
Novo Nordisk A/S B0.64%
Air Liquide SA0.63%
British American Tobacco PLC0.62%
Siemens Energy AG0.60%
Unicredit Spa0.57%
Safran SA0.55%
Cie Financiere Richemo A Reg0.54%
Lvmh Moet Hennessy Louis Vui0.54%
Gsk PLC0.50%
Bnp Paribas0.50%
Deutsche Telekom AG Reg0.49%
Intesa Sanpaolo0.48%
Ing Groep NV0.47%
Rio Tinto PLC0.45%
National Grid PLC0.43%
Spotify Technology SA0.42%
Bae Systems PLC0.41%
Enel Spa0.40%
Muenchener Rueckver AG Reg0.40%
Infineon Technologies AG0.40%
Barclays PLC0.40%
Lloyds Banking Group PLC0.39%
Investor Ab B Shs0.38%
Axa SA0.38%
Anheuser Busch Inbev Sa/Nv0.36%
Mitsubishi Heavy Industries0.36%
Industria De Diseno Textil0.35%
Natwest Group PLC0.34%
Deutsche Boerse AG0.33%
Dhl AG0.31%
Deutsche Bank AG Registered0.30%
Mitsubishi Electric Corp0.30%
Compass Group PLC0.29%
Argenx SE0.29%
London Stock Exchange Group0.28%

Only in VSGX

6,399 securities, 76.8% of VSGX by weight

Taiwan Semiconductor Manufacturing Co Ltd5.79%
Samsung Electronics Co Ltd2.76%
SK hynix Inc2.26%
ASML Holding NV2.10%
SLCMT11421.12%
Royal Bank of Canada0.84%
Alibaba Group Holding Ltd0.78%
AstraZeneca PLC0.74%
MediaTek Inc0.69%
Sap SE0.62%
Banco Santander SA0.61%
Shopify Inc0.55%
Allianz SE0.54%
Banco Bilbao Vizcaya Argentaria SA0.48%
Delta Electronics Inc0.41%
UniCredit SpA0.40%
Unilever PLC0.39%
Novo Nordisk A/S0.37%
Bank of Montreal0.36%
Samsung Electronics-Pref0.35%
Intesa Sanpaolo SpA0.35%
Bank of Nova Scotia/The0.34%
China Construction Bank Corp0.34%
BNP Paribas SA0.32%
ING Groep NV0.31%
Deutsche Telekom AG0.31%
Canadian Imperial Bank of Commerce0.31%
Hon Hai Precision Industry Co Ltd0.29%
Gsk PLC0.29%
Agnico Eagle Mines Ltd0.28%
Sanofi SA0.27%
Infineon Technologies AG0.27%
HDFC Bank Ltd0.26%
Lloyds Banking Group PLC0.25%
Barclays PLC0.25%
Axa SA0.24%
Industrial & Commercial Bank of China Ltd0.24%
SK Square Co Ltd0.23%
ICICI Bank Ltd0.22%
ASE Technology Holding Co Ltd0.22%
NatWest Group PLC0.22%
Manulife Financial Corp0.22%
Investor AB0.21%
Industria de Diseno Textil SA0.21%
L'Oreal SA0.19%
Nordea Bank Abp0.19%
Deutsche Bank AG0.19%
Samsung Electro-Mechanics Co Ltd0.19%
Argenx SE0.18%
Wheaton Precious Metals Corp0.18%

Weight gaps

The 100 widest of 226 Holdings in both funds.

Holding weights in EFAX and VSGX, widest gap first
Holding	More in EFAXMore in VSGX	EFAX	VSGX
Roche Holding AG	EFAX +0.85 points	1.74%	0.89%
Novartis AG Reg	EFAX +0.69 points	1.50%	0.81%
Nestle SA Reg	EFAX +0.61 points	1.32%	0.71%
L OrealOR	EFAX +0.58 points	0.58%	<0.01%
Commonwealth Bank of Austral	EFAX +0.47 points	1.00%	0.53%
Mitsubishi Ufj Financial Gro	EFAX +0.43 points	1.20%	0.77%
Advantest Corp	EFAX +0.39 points	0.88%	0.49%
Recruit Holdings Co Ltd	EFAX +0.37 points	0.81%	0.44%
Toyota Motor Corp	EFAX +0.36 points	0.94%	0.58%
Sony Group Corp	EFAX +0.31 points	0.74%	0.43%
Ubs Group AG Reg	EFAX +0.31 points	0.76%	0.45%
EssilorluxotticaEL	EFAX +0.29 points	0.29%	<0.01%
Sumitomo Mitsui Financial Gr	EFAX +0.28 points	0.76%	0.48%
Zurich Insurance Group AG	EFAX +0.27 points	0.57%	0.30%
Dbs Group Holdings Ltd	EFAX +0.23 points	0.60%	0.37%
Tokyo Electron Ltd	EFAX +0.22 points	0.72%	0.50%
Westpac Banking Corp	EFAX +0.21 points	0.46%	0.25%
National Australia Bank Ltd	EFAX +0.20 points	0.46%	0.26%
Tokio Marine Holdings Inc	EFAX +0.20 points	0.49%	0.29%
Anz Group Holdings Ltd	EFAX +0.20 points	0.44%	0.24%
Mizuho Financial Group Inc	EFAX +0.19 points	0.59%	0.40%
Aia Group Ltd	EFAX +0.19 points	0.48%	0.29%
Fast Retailing Co Ltd	EFAX +0.18 points	0.43%	0.25%
Keyence Corp	EFAX +0.17 points	0.46%	0.29%
Takeda Pharmaceutical Co Ltd	EFAX +0.16 points	0.34%	0.18%
Csl Ltd	EFAX +0.15 points	0.34%	0.19%
Macquarie Group Ltd	EFAX +0.15 points	0.33%	0.18%
Oversea Chinese Banking Corp	EFAX +0.14 points	0.38%	0.24%
Kioxia Holdings Corp	EFAX +0.14 points	0.54%	0.40%
Hoya Corp	EFAX +0.14 points	0.29%	0.15%
Nintendo Co Ltd	EFAX +0.13 points	0.29%	0.16%
Lonza Group AG Reg	EFAX +0.13 points	0.28%	0.15%
Givaudan Reg	EFAX +0.13 points	0.22%	0.09%
Swiss Re AG	EFAX +0.13 points	0.28%	0.15%
Wesfarmers Ltd	EFAX +0.12 points	0.30%	0.18%
Shin Etsu Chemical Co Ltd	EFAX +0.11 points	0.32%	0.21%
Softbank Group Corp	EFAX +0.11 points	0.57%	0.46%
Fujitsu Limited	EFAX +0.11 points	0.24%	0.13%
Sandoz Group AG	EFAX +0.10 points	0.21%	0.11%
Hong Kong Exchanges & Clear	EFAX +0.11 points	0.29%	0.18%
Genmab A/S	EFAX +0.11 points	0.17%	0.06%
Galderma Group AG	EFAX +0.11 points	0.22%	0.11%
Kddi Corp	EFAX +0.10 points	0.26%	0.16%
Murata Manufacturing Co Ltd	EFAX +0.10 points	0.36%	0.26%
Dsv A/S	EFAX +0.10 points	0.20%	0.10%
Honda Motor Co Ltd	EFAX +0.09 points	0.21%	0.12%
Alcon Inc	EFAX +0.09 points	0.18%	0.09%
Softbank Corp	EFAX +0.09 points	0.22%	0.13%
Nec Corp	EFAX +0.08 points	0.19%	0.11%
Goodman Group	EFAX +0.08 points	0.19%	0.11%
Sandvik Ab	EFAX +0.08 points	0.20%	0.12%
Ntt Inc	EFAX +0.08 points	0.17%	0.09%
Daiichi Life Group Inc	EFAX +0.08 points	0.20%	0.12%
Panasonic Holdings Corp	EFAX +0.08 points	0.28%	0.20%
Ms+ad Insurance Group Holdin	EFAX +0.08 points	0.20%	0.12%
United Overseas Bank Ltd	EFAX +0.08 points	0.20%	0.12%
Sompo Holdings Inc	EFAX +0.07 points	0.18%	0.11%
Woolworths Group Ltd	EFAX +0.07 points	0.17%	0.10%
Otsuka Holdings Co Ltd	EFAX +0.07 points	0.17%	0.10%
Fanuc Corp	EFAX +0.07 points	0.18%	0.11%
Chugai Pharmaceutical Co Ltd	EFAX +0.07 points	0.15%	0.08%
Transurban Group	EFAX +0.06 points	0.15%	0.09%
Qbe Insurance Group Ltd	EFAX +0.07 points	0.14%	0.07%
Astellas Pharma Inc	EFAX +0.06 points	0.14%	0.08%
Tdk Corp	EFAX +0.06 points	0.17%	0.11%
Danske Bank A/S	EFAX +0.06 points	0.17%	0.11%
Mitsui Fudosan Co Ltd	EFAX +0.06 points	0.13%	0.07%
Japan Post Bank Co Ltd	EFAX +0.06 points	0.18%	0.12%
Renesas Electronics Corp	EFAX +0.05 points	0.16%	0.11%
Bridgestone Corp	EFAX +0.05 points	0.13%	0.08%
Vestas Wind Systems A/S	EFAX +0.05 points	0.14%	0.09%
Nomura Holdings Inc	EFAX +0.05 points	0.14%	0.09%
Disco Corp	EFAX +0.05 points	0.15%	0.10%
Swisscom AG Reg	EFAX +0.05 points	0.11%	0.06%
Geberit AG Reg	EFAX +0.06 points	0.12%	0.06%
Mitsubishi Estate Co Ltd	EFAX +0.05 points	0.13%	0.08%
Oriental Land Co Ltd	EFAX +0.05 points	0.11%	0.06%
Northern Star Resources Ltd	EFAX +0.05 points	0.12%	0.07%
Ajinomoto Co Inc	EFAX +0.05 points	0.14%	0.09%
Seven & I Holdings Co Ltd	EFAX +0.05 points	0.13%	0.08%
Kao Corp	EFAX +0.05 points	0.11%	0.06%
Techtronic Industries Co Ltd	EFAX +0.05 points	0.12%	0.07%
Sumitomo Mitsui Trust Group	EFAX +0.04 points	0.13%	0.09%
Boc Hong Kong Holdings Ltd	EFAX +0.05 points	0.12%	0.07%
Canon Inc	EFAX +0.05 points	0.12%	0.07%
Kyocera Corp	EFAX +0.04 points	0.13%	0.09%
Lasertec Corp	EFAX +0.05 points	0.11%	0.06%
Resona Holdings Inc	EFAX +0.04 points	0.15%	0.11%
Fujifilm Holdings Corp	EFAX +0.04 points	0.12%	0.08%
Helvetia Baloise Holding AG	EFAX +0.04 points	0.10%	0.06%
Daiichi Sankyo Co Ltd	EFAX +0.04 points	0.14%	0.10%
Asics Corp	EFAX +0.05 points	0.10%	0.05%
Singapore Telecommunications	EFAX +0.05 points	0.12%	0.07%
Brambles Ltd	EFAX +0.04 points	0.10%	0.06%
Ibiden Co Ltd	EFAX +0.04 points	0.15%	0.11%
Smc Corp	EFAX +0.04 points	0.12%	0.08%
East Japan Railway Co	EFAX +0.04 points	0.11%	0.07%
Japan Post Holdings Co Ltd	EFAX +0.04 points	0.12%	0.08%
Ryohin Keikaku Co Ltd	EFAX +0.04 points	0.08%	0.04%
Denso Corp	EFAX +0.04 points	0.10%	0.06%

All 625 EFAX holdings⁠All 6,429 VSGX 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.

EFAX vs VSGX Cost

Overpaying EFAX vs VSGX

$2,049

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

EFAX 0.20%
$4,155
VSGX 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

EFAX 0.20%
VSGX 0.10%
Overpaying

Year by year

Year	EFAX	VSGX	Overpaying
10	$365	$183	$182
20	$1,421	$717	$704
30	$4,155	$2,106	$2,049

Expense ratio

0.20%EFAX
0.10%VSGX, cheaper

VSGX0.10%EFAX0.20%

0.10%0.95%

Middle half of International ESG & Values Index funds
Median 0.23%

VSGX cheapest of 18 funds

EFAX 6th cheapest of 18 funds

EFAX vs VSGX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EFAX 3.21%, better; VSGX 3.11%
Payout (12M): EFAX $1.71; VSGX $2.43
Last payment: EFAX $0.80; VSGX $0.47
Ex-dividend: EFAX Jun 1, 2026; VSGX Sep 18, 2026
Paid on: EFAX Jun 5, 2026; VSGX Sep 22, 2026
Frequency: EFAX Twice a year; VSGX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EFAXTwice a year · 21 paymentsAll EFAX payments⁠

VSGXQuarterly · 31 paymentsAll VSGX payments⁠

EFAX vs VSGX Risk

Fall from peak · 5 years

EFAX
VSGX

Risk facts

VolatilityStd dev, 3 years: EFAX 12.3%, betterVSGX 12.8%
Return per unit of riskSharpe ratio, 3 years: EFAX 1.12VSGX 1.20, better
Worst fallMax drawdown, 5 years: EFAX −31.2%VSGX −31.2%
Market sensitivityBeta, 5 years: EFAX 0.98VSGX 0.97; Market = 1

EFAX and VSGX in the news

All news⁠

ETF Filings
Calamos to liquidate its Giannis Antetokounmpo sustainable ETF
Sep 11, 2026VSGX

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EFAX vs VSGX

In short

Stated mandate

Why people hold it

Worth knowing

How EFAX and VSGX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFAX

Only in VSGX

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Calamos to liquidate its Giannis Antetokounmpo sustainable ETF

How EFAX and VSGX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFAX

Only in VSGX

Weight gaps