EFV vs FIVA: Grades, Fees and Holdings Compared

iShares MSCI EAFE Value ETF

EFVACboe

Fidelity International Value Factor ETF

FIVABNYSE Arca

Overlap

34.3%by weight

Expense ratio

FIVA −0.13pt a year

EFV0.31%FIVA0.18%

Avg volume · 30D

EFV 35.3×the volume

EFV2.91MFIVA82.5K

5Y return · a year

EFV +0.7pt

EFV+13.8%FIVA+13.1%

EFV vs FIVA Performance

Oct 29, 2021 – Oct 30, 2026

+91.1%EFV+85.3%FIVA

Expense ratio: EFV 0.31%; FIVA 0.18%, better
Fund size: EFV $30.4B; FIVA $630M
1Y total return: EFV +21.6%; FIVA +23.6%, better
Yield (12M): EFV 4.61%, better; FIVA 2.84%
Holdings: EFV 411; FIVA 126
Avg volume (30D): EFV 2.91M sh, better; FIVA 82.5K sh
NAV per share: EFV $79.12; FIVA $38.07
52W range

ETF.net Grade

Pillar letters and Scores for EFV, FIVA, with each pillar’s weight
Pillar	EFV	FIVA
Cost30% weight	C54	A80Higher
Mission25% weight	A100	Not scored
Risk15% weight	B60Higher	C54
Tradability15% weight	A93Higher	D38
Holdings10% weight	C52	B64Higher
Durability5% weight	A90Higher	C47

Rank among International Value Index funds

How we build Categories ›

Same Category. EFV and FIVA are both graded against the same 12 International Value Index funds, so their Grades compare head to head.

International Value Index⁠

Category · 12 funds

See all 12 ›

EFV ranks 2nd and FIVA 6th of 12 funds in the International Value Index Category.

Rank 1ADFIVDimensional International Value ETFScore 75
Rank 2AEFViShares MSCI EAFE Value ETFScore 73
Rank 3BEWJViShares MSCI Japan Value ETFScore 65
Rank 5BISVLiShares International Developed Small Cap Value Factor ETFScore 63
Rank 6BFIVAFidelity International Value Factor ETFScore 61
Rank 7BDISVDimensional International Small Cap Value ETFScore 60

Our read on each fund

ETF.net Research

EFVAiShares MSCI EAFE Value ETF

FIVABFidelity International Value Factor ETF

In short

EFV Running since 2005, EFV is the big, heavily traded way to own the value half of developed markets outside North America: roughly 400 stocks tracking the MSCI EAFE Value Index for 0.31% a year.

FIVA Value investing, passported. FIVA runs Fidelity's own rules-based value screen across international stocks and charges 0.18% a year to do it, well under what most of its peer group asks.

Stated mandate

EFV The fund seeks to track an index of developed-market equities outside the United States and Canada that exhibit value characteristics.

FIVA The fund seeks investment returns that generally track the Fidelity International Value Factor Index before fees and expenses.

Why people hold it

EFV 0.31% a year, below the typical fee among international-value funds, for a mandate that has been running since 2005.
Tracks the MSCI EAFE Value Index closely and trades actively as a multi-billion-dollar fund, which keeps the cost of getting in and out low.
About 400 developed-market value stocks in one ticker, picked by index rule rather than a manager's judgment.
Sits among the strongest implementations in its international-value peer group, next to Dimensional's DFIV.

FIVA 0.18% a year undercuts most of the international value shelf, including heavyweights like EFV and DFIV.
Exposure comes from a published rulebook, the Fidelity International Value Factor Index, not a manager's judgment call. Roughly 120 stocks, so the value tilt is a real one.fidelity.com
Rates among the stronger implementations in its international value peer group.
Live since 2018 and pays quarterly, with a full market cycle of record behind it.

Worth knowing

EFV By design it holds only the cheap side of the EAFE universe, so its sector mix and results can look very different from a broad international index.
Developed markets only: no US, no Canada, no emerging markets. It's a slice of international, not the whole thing.
Not the cheapest seat in the room: FIVA runs 0.18% for its own version of international value.

FIVA A value screen buys what looks cheap and passes on the pricey growth names, so results can wander well away from a plain international index in either direction.
Mid-sized and moderately traded rather than a giant. Spreads can widen, so limit orders earn their keep on bigger tickets.
The yardstick is Fidelity's in-house index, not a widely quoted MSCI or FTSE value benchmark, which makes apples-to-apples peer comparison a little more work.

Full EFV profile⁠

Full FIVA profile⁠

EFV vs FIVA Holdings

How EFV and FIVA differ

Overlap by weight

34.3%

Shared holdings make up 62.6% of FIVA and 40.3% of EFV.

Level by level

Holdings71 in both34.3%
Sector11 Sectors79.1%
Countryby domicile79.2%
Asset classEquity100%

Sector

Sector weights in EFV and FIVA, widest gap first
Sector	More in EFVMore in FIVA	EFV	FIVA
Financials	EFV +10.5 points	38.4%	27.9%
Industrials	FIVA +9.1 points	9.5%	18.6%
Technology	FIVA +8.3 points	2.6%	10.9%
Consumer Staples	EFV +4.7 points	9.6%	4.9%
Consumer Discretionary	FIVA +2.1 points	6.0%	8.1%
Utilities	EFV +2.1 points	5.9%	3.8%
Energy	EFV +2.0 points	7.9%	5.9%
Materials	FIVA +1.4 points	5.9%	7.3%
Real Estate	EFV +1.4 points	2.5%	1.1%
Communication	EFV +0.3 points	3.6%	3.3%
Health Care	Same weight	8.1%	8.1%

Country, concentration and asset class

Country by domicile

Country weights in EFV and FIVA, widest gap first
Country	More in EFVMore in FIVA	EFV	FIVA
Canada	FIVA +13.0 points	0.0%	13.0%
Switzerland	EFV +4.7 points	10.4%	5.7%
United Kingdom	EFV +3.8 points	17.1%	13.3%
Spain	EFV +3.0 points	5.3%	2.3%
Denmark	FIVA +2.7 points	0.0%	2.7%
Australia	EFV +2.2 points	6.8%	4.6%
Hong Kong	FIVA +1.7 points	1.8%	3.5%
Italy	EFV +1.6 points	4.8%	3.2%
Other countries (9)	EFV +2.0 points	53.8%	51.8%

Outside the US: EFV 99% developed, 1% emerging. FIVA 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

EFV20.5%
FIVA16.3%

Securities held

EFV395
FIVA114

Asset class

EFV: Equity
FIVA: Equity

Holdings

Only in EFV324
In both71
Only in FIVA43

Only in EFV

324 securities, 59.1% of EFV by weight

Hsbc Holdings PLC2.69%
Allianz1.71%
Sumitomo Mitsui Financial Group1.37%
Siemens N AG1.28%
Banco Bilbao Vizcaya Argentaria1.20%
British American Tobacco1.13%
Mizuho Financial Group1.05%
Zurich Insurance Group AG1.03%
National Australia Bank0.83%
Ing Groep0.83%
Westpac Banking Corporation0.81%
Anz Group Holdings Ltd0.79%
Mitsui0.69%
Oversea-Chinese Banking0.69%
Lvmh0.64%
Softbank Group Corp0.63%
Dhl AG0.55%
Swiss Re AG0.51%
Bayer AG0.51%
Panasonic Holdings0.48%
Diageo PLC0.48%
Basf N0.48%
Japan Tobacco0.46%
E.on N0.43%
Lloyds Banking Group PLC0.43%
Engie SA0.43%
Danone SA0.42%
Reckitt Benckiser Group PLC0.42%
Woodside Energy Group Ltd0.41%
Lair Liquide Societe Anonyme Pour0.40%
Caixabank SA0.40%
Softbank0.39%
Murata Manufacturing0.39%
Dbs Group Holdings Ltd0.38%
Honda Motor0.38%
Loreal SA0.37%
Orix0.37%
Daiichi Life Group0.36%
United Overseas Bank0.36%
Repsol0.35%
Haleon PLC0.35%
Assicurazioni Generali0.32%
Japan Post Bank Ltd0.32%
Tokio Marine Holdings0.32%
Takeda Pharmaceutical0.31%
Ntt0.30%
Swedbank0.30%
Swiss Life Holding AG0.29%
Equinor0.29%
Danske Bank0.29%

Only in FIVA

43 securities, 37.1% of FIVA by weight

Asml Holding NV2.70%
Toronto-Dominion Bank1.49%
Suncor Energy Inc1.40%
Astrazeneca PLC (Uk)1.40%
Cgi Inc Class A Sub Vtg1.38%
Itochu Corp1.26%
Canadian Natl Railway Co1.26%
Macquarie Group Ltd1.23%
Sap SE1.20%
Volvo Ab Ser B1.16%
Sony Group Corp1.15%
Bank of Nova Scotia1.15%
Cenovus Energy Inc1.11%
Ricoh Co Ltd1.07%
Barrick Mining Corp1.05%
Rolls-Royce Holdings PLC1.03%
Teleperformance1.00%
Kioxia Holdings Corporation0.98%
Manulife Financial Corp (Cana)0.96%
Seven & I Holdings Co Ltd0.94%
Abb Ltd (Reg) (Swit)0.93%
Prosus NV0.92%
Aia Group Ltd0.91%
Vestas Wind Systems As0.87%
Fairfax Finl Hldgs Ltd Sub Vtg0.83%
Kinross Gold Corp0.82%
Galaxy Ent Group Ltd0.82%
Deutsche Telekom AG (Regd)0.80%
Tui AG0.80%
Novo-Nordisk As Class B0.76%
Hong Kong Exchs & Clearing Ltd0.71%
Gsk PLC0.69%
Onex Corp Sub-Vtg0.63%
Infineon Technologies AG0.52%
Northland Power Inc0.40%
Nice Ltd0.33%
Rogers Comm Inc Class B Non Vtg0.30%
Ils Spot Cc0.07%
Firstservice Corp0.04%
Ust Bills 0% 11/12/260.01%
Israel Sheckel<0.01%
Danish Kronen0.00%
European Monetary Unit (Euro)0.00%

Weight gaps

All 71 Holdings in both funds, largest gap first.

Holding weights in EFV and FIVA, widest gap first
Holding	More in EFVMore in FIVA	EFV	FIVA
ShellSHEL.L	EFV +1.39 points	2.87%	1.48%
Shionogi	FIVA +1.13 points	0.13%	1.26%
Qbe Insurance Group	FIVA +0.97 points	0.25%	1.22%
A P Moller Maersk B	FIVA +0.94 points	0.11%	1.05%
Nestle SA	EFV +0.92 points	2.43%	1.51%
Buzzi	FIVA +0.88 points	0.03%	0.91%
Kddi	FIVA +0.86 points	0.48%	1.34%
Shin Etsu Chemical	FIVA +0.86 points	0.20%	1.06%
Yara International	FIVA +0.85 points	0.06%	0.91%
Deutsche Lufthansa AG	FIVA +0.83 points	0.04%	0.87%
Canon	FIVA +0.80 points	0.22%	1.02%
Central Japan Railway	FIVA +0.76 points	0.09%	0.85%
MS&AD Insurance Group Holdings	FIVA +0.75 points	0.24%	0.99%
Daimler Truck Holding E AG	FIVA +0.75 points	0.19%	0.94%
Sompo Holdings	FIVA +0.71 points	0.22%	0.93%
Agc	FIVA +0.69 points	0.06%	0.75%
Sbi Holdings Inc	FIVA +0.69 points	0.09%	0.78%
Totalenergies	EFV +0.65 points	1.70%	1.05%
Eiffage SA	FIVA +0.65 points	0.07%	0.72%
Israel Discount Bank Ltd	FIVA +0.62 points	0.12%	0.74%
3I Group Fund PLCIII.L	FIVA +0.62 points	0.29%	0.91%
Mercedes-Benz Group N AG	FIVA +0.61 points	0.28%	0.89%
Kingfisher PLCKGF.L	FIVA +0.60 points	0.07%	0.67%
Marubeni	FIVA +0.58 points	0.39%	0.97%
International Airlines Group	FIVA +0.57 points	0.02%	0.59%
Sumitomo	FIVA +0.56 points	0.40%	0.96%
Renesas Electronics Corp	FIVA +0.55 points	0.29%	0.84%
Natwest Group PLCNWG.L	FIVA +0.51 points	0.57%	1.08%
Compagnie De Saint Gobain SA	FIVA +0.50 points	0.31%	0.81%
Nordea Bank	FIVA +0.48 points	0.49%	0.97%
Wilmar International	FIVA +0.48 points	0.04%	0.52%
Bank Leumi Le Israel	FIVA +0.47 points	0.31%	0.78%
Suzuki Motor	FIVA +0.47 points	0.19%	0.66%
Sekisui House	FIVA +0.47 points	0.12%	0.58%
Credit Agricole SA	FIVA +0.46 points	0.14%	0.60%
Kansai Electric Power	FIVA +0.43 points	0.15%	0.58%
Ck Hutchison Holdings	FIVA +0.42 points	0.21%	0.63%
Mitsubishi Ufj Financial Group	EFV +0.41 points	2.14%	1.73%
Unibail Rodamco We Stapled Units	FIVA +0.41 points	0.10%	0.51%
Daiwa House Industry	FIVA +0.40 points	0.15%	0.55%
Carrefour SA	FIVA +0.38 points	0.08%	0.46%
Bp PLCBP.L	EFV +0.38 points	1.21%	0.83%
Barclays PLCBARC.L	FIVA +0.37 points	0.69%	1.06%
Imperial Brands PLCIMB.L	FIVA +0.37 points	0.26%	0.63%
Mitsubishi	FIVA +0.37 points	0.85%	1.22%
Deutsche Bank AG	FIVA +0.36 points	0.53%	0.89%
Vodafone Group PLCVOD.L	FIVA +0.35 points	0.27%	0.62%
Roche Ps Par AG	EFV +0.34 points	2.05%	1.71%
Koninklijke Ahold Delhaize	FIVA +0.33 points	0.30%	0.63%
Inpex	FIVA +0.32 points	0.21%	0.53%
Novartis AG	EFV +0.31 points	1.77%	1.46%
Iberdrola	EFV +0.30 points	1.41%	1.11%
Rio TintoRIO.L	FIVA +0.30 points	0.80%	1.10%
Fresenius Medical Care AG	FIVA +0.30 points	0.07%	0.37%
Toyota Motor	EFV +0.28 points	1.70%	1.42%
Societe Generale SA	FIVA +0.28 points	0.39%	0.67%
Axa SA	FIVA +0.26 points	0.68%	0.94%
Muenchener Rueckversicherungs-Gese	FIVA +0.24 points	0.74%	0.98%
Banco Santander	FIVA +0.23 points	0.96%	1.19%
Unicredit	EFV +0.22 points	1.01%	0.79%
Sanofi SA	EFV +0.20 points	0.89%	0.69%
Unilever PLCULVR.L	EFV +0.20 points	1.29%	1.09%
Sun Hung Kai Properties Ltd	FIVA +0.16 points	0.17%	0.33%
Bhp Group Ltd	EFV +0.16 points	1.23%	1.07%
Intesa Sanpaolo	EFV +0.15 points	0.85%	0.70%
Ericsson B	FIVA +0.13 points	0.27%	0.40%
National Grid PLCNG.L	FIVA +0.09 points	0.77%	0.86%
Rio Tinto	FIVA +0.07 points	0.36%	0.43%
Csl	EFV +0.07 points	0.62%	0.55%
Enel	FIVA +0.03 points	0.73%	0.76%
Bnp Paribas SA	FIVA +0.01 points	0.87%	0.88%

All 394 EFV holdings⁠All 125 FIVA 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.

EFV vs FIVA Cost

Overpaying EFV vs FIVA

$2,597

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

EFV 0.31%
$6,346
FIVA 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

EFV 0.31%
FIVA 0.18%
Overpaying

Year by year

Year	EFV	FIVA	Overpaying
10	$563	$328	$235
20	$2,182	$1,281	$901
30	$6,346	$3,749	$2,597

Expense ratio

0.31%EFV
0.18%FIVA, cheaper

FIVA0.18%EFV0.31%

0.08%0.65%

Middle half of International Value Index funds
Median 0.31%

FIVA 3rd cheapest of 12 funds

EFV 5th cheapest of 12 funds

EFV vs FIVA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EFV 4.61%, better; FIVA 2.84%
Payout (12M): EFV $3.65; FIVA $1.08
Last payment: EFV $2.04; FIVA $0.24
Ex-dividend: EFV Jun 15, 2026; FIVA Sep 18, 2026
Paid on: EFV Jun 18, 2026; FIVA Sep 22, 2026
Frequency: EFV Twice a year; FIVA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EFVTwice a year · 20 paymentsAll EFV payments⁠

FIVAQuarterly · 35 paymentsAll FIVA payments⁠

EFV vs FIVA Risk

Fall from peak · 5 years

EFV
FIVA

Risk facts

VolatilityStd dev, 3 years: EFV 11.4%, betterFIVA 11.8%
Return per unit of riskSharpe ratio, 3 years: EFV 1.59, betterFIVA 1.52
Worst fallMax drawdown, 5 years: EFV −25.8%, betterFIVA −28.7%
Market sensitivityBeta, 5 years: EFV 0.76FIVA 0.89; Market = 1

EFV and FIVA in the news

All news⁠

ETF Filings
American Century files a mutual-fund wrapper for Avantis international large-cap value
Sep 7, 2026EFV

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EFV vs FIVA

In short

Stated mandate

Why people hold it

Worth knowing

How EFV and FIVA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFV

Only in FIVA

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

American Century files a mutual-fund wrapper for Avantis international large-cap value

How EFV and FIVA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFV

Only in FIVA

Weight gaps