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EZU vs SPEU

iShares MSCI Eurozone ETF

EZUACboe

State Street SPDR Portfolio Europe ETF

SPEUANYSE Arca

Overlap

0.0%by weight

Expense ratio

SPEU −0.43pt a year

EZU0.50%SPEU0.07%

Avg volume · 30D

EZU 39.9×the volume

EZU977KSPEU24.5K

10Y return · a year

SPEU +0.2pt

EZU+9.5%SPEU+9.7%

EZU vs SPEU Performance

Oct 29, 2021 – Oct 30, 2026

+49.7%EZU+47.7%SPEU

Oct 29, 2021 to Oct 30, 2026. EZU +49.7%. SPEU +47.7%. Use the arrow keys to read each point.−20%0%20%Oct 2021Apr 2024Oct 2026
Expense ratio
EZU 0.50%
SPEU 0.07%, better
Fund size
EZU $9.13B
SPEU $707M
1Y total return
EZU +7.7%
SPEU +11.7%, better
Yield (12M)
EZU 2.83%
SPEU 3.60%, better
Holdings
EZU 220
SPEU 1710
Avg volume (30D)
EZU 977K sh, better
SPEU 24.5K sh
NAV per share
EZU $65.37
SPEU $54.38
52W range

ETF.net Grade

EZU: Cost 59, Risk 46, Mission 100, Tradability 89, Holdings 72, Durability 81. SPEU: Cost 97, Risk 78, Mission 100, Tradability 56, Holdings 83, Durability 52.
Pillar letters and Scores for EZU, SPEU, with each pillar’s weight
PillarEZUSPEU
Cost30% weightB59A97Higher
Mission25% weightA100A100
Risk15% weightC46A78Higher
Tradability15% weightA89HigherB56
Holdings10% weightA72A83Higher
Durability5% weightA81HigherC52

Rank among Europe Region funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EZU and SPEU are both graded against the same 12 Europe Region funds, so their Grades compare head to head.

Europe Region⁠

Category · 12 funds
See all 12 ›

SPEU ranks 1st and EZU 2nd of 12 funds in the Europe Region Category.

  1. Rank 1ASPEUState Street SPDR Portfolio Europe ETFScore 85
  2. Rank 2AEZUiShares MSCI Eurozone ETFScore 74
  3. Rank 3AFLEUFranklin FTSE Eurozone ETFScore 73

Our read on each fund

ETF.net Research

EZUAiShares MSCI Eurozone ETF

SPEUAState Street SPDR Portfolio Europe ETF

In short

EZU Europe minus the UK, Switzerland and the Nordics. EZU holds only developed countries that use the euro, about 220 large and mid caps, and it has been doing that job since 2000.

SPEU Europe in one line item, priced like a core holding. A 0.07% fee buys the whole STOXX Europe Total Market Index, large caps down to small, in a fund that has been running since 2002.

Stated mandate

EZU The fund seeks to track an index of large- and mid-cap equities from developed countries that use the euro, providing diversified Eurozone equity exposure.

SPEU The fund seeks to deliver returns generally corresponding to the total return of the STOXX Europe Total Market Index.

Why people hold it

  • EZU The euro-only cut of Europe: the MSCI EMU index covers large and mid caps in developed countries inside the currency union, so no UK, Swiss or Nordic names ride along.msci.com
  • Trading since 2000 and now a multi-billion-dollar, actively traded fund, one of the established ways to own the Eurozone through a single US-listed ticker.
  • Roughly 220 stocks reaching about 85% of the euro bloc's free-float market value: the whole currency union, not a country or sector wager.msci.com
  • Tracking is the strong suit here. It has followed its benchmark closely, which is most of the job description for a plain index wrapper.
  • SPEU Charges 0.07% a year, versus a 0.28% median for its peer group. That is core-index pricing on a single-region fund.
  • Total-market index, not a blue-chip list: over a thousand western European stocks spanning large, mid and small caps.
  • Launched in 2002, so it has run through multiple European market cycles under State Street.
  • Mandate is plain and literal: match the total return of one published European index, with no sector or country tilts bolted on.

Worth knowing

  • EZU 0.50% a year sits above the 0.45% median for index wrappers in its group and far above global one-fund options like VT at 0.06%.
  • Currency comes with the package. The euro's moves against the dollar flow straight into your dollar return; iShares runs HEZU on the same index for the hedged version.ishares.com
  • Large and mid caps only. Eurozone small caps and non-euro Europe (UK, Switzerland) sit outside the mandate by design.msci.com
  • SPEU Trading is light next to the giant international funds. Limit orders matter more here, and spreads can widen when volume is thin.
  • Europe only. Broad international peers like VEU and IXUS cover Asia and emerging markets too, at 0.04% and 0.07%.
  • Holdings trade in euros, pounds and francs, so currency swings against the dollar move your return alongside the stocks.

Full EZU profile⁠

Full SPEU profile⁠

EZU vs SPEU Holdings

How EZU and SPEU differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of EZU and 0.0% of SPEU.

Level by level

  • Holdings0 in both0.0%
  • Countryby domicile49.1%
  • Sector11 Sectors87.4%
  • Asset classEquity100%

Sector

Sector weights in EZU and SPEU, widest gap first
SectorMore in EZUMore in SPEU
TechnologyEZU +7.8 points
Health CareSPEU +6.6 points
Consumer StaplesSPEU +2.4 points
UtilitiesEZU +1.9 points
EnergySPEU +1.6 points
MaterialsSPEU +1.4 points
FinancialsEZU +0.9 points
IndustrialsEZU +0.8 points
Consumer DiscretionaryEZU +0.6 points
Real EstateSPEU +0.7 points
CommunicationEZU +0.5 points

Country, concentration and asset class

Country by domicile

Country weights in EZU and SPEU, widest gap first
CountryMore in EZUMore in SPEU
United KingdomSPEU +21.5 points
SwitzerlandSPEU +14.9 points
FranceEZU +14.8 points
GermanyEZU +13.2 points
NetherlandsEZU +8.4 points
SwedenSPEU +6.3 points
SpainEZU +5.8 points
ItalyEZU +4.5 points
Other countries (17)SPEU +4.1 points

Outside the US: EZU 100% developed, 0% emerging. SPEU 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

  • EZU29.9%
  • SPEU18.5%

Securities held

  • EZU216
  • SPEU1,685

Asset class

EZU
Equity
SPEU
Equity

Holdings

  • Only in EZU216
  • In both0
  • Only in SPEU1,685

Only in EZU

216 securities, 99.7% of EZU by weight

  • Asml Holding8.48%
  • Sap3.31%
  • Siemens N AG2.97%

Only in SPEU

1,685 securities, 99.9% of SPEU by weight

  • Asml Holding NV4.03%
  • Roche Holding AG2.11%
  • Novartis AG Reg1.88%

Weight gaps

EZU and SPEU share no securities.

All 215 EZU holdings⁠All 1,701 SPEU 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.

EZU vs SPEU Cost

Overpaying EZU vs SPEU

$8,499

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

  • EZU 0.50%

    $9,979

  • SPEU 0.07%

    $1,480

$10,000
30 years

Cost over time

  • EZU 0.50%
  • SPEU 0.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530EZU $9,979SPEU $1,480

Year by year

YearEZUSPEUOverpaying
10$900$128$772
20$3,460$503$2,957
30$9,979$1,480$8,499

Expense ratio

  • 0.50%EZU
  • 0.07%SPEU, cheaper
  • Middle half of Europe Region funds
  • Median 0.51%

SPEU cheapest of 12 funds

EZU 5th cheapest of 12 funds

EZU vs SPEU Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EZU 2.83%
SPEU 3.60%, better
Payout (12M)
EZU $1.84
SPEU $1.94
Last payment
EZU $1.23
SPEU $0.23
Ex-dividend
EZU Jun 15, 2026
SPEU Sep 21, 2026
Paid on
EZU Jun 18, 2026
SPEU Sep 23, 2026
Frequency
EZU Twice a year
SPEU Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EZUTwice a year · 20 paymentsAll EZU payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.64; Dec 19, 2017 $0.19; Jun 19, 2018 $1.03; Dec 18, 2018 $0.19; Jun 17, 2019 $1.02; Dec 16, 2019 $0.17; Jun 15, 2020 $0.32; Dec 14, 2020 $0.62; Jun 10, 2021 $0.48; Dec 13, 2021 $0.60; Dec 30, 2021 $0.12; Jun 9, 2022 $0.93; Dec 13, 2022 $0.17; Jun 7, 2023 $0.86; Dec 20, 2023 $0.35; Jun 11, 2024 $1.04; Dec 17, 2024 $0.33; Jun 16, 2025 $1.22; Dec 16, 2025 $0.61; Jun 15, 2026 $1.23. Use the arrow keys to read each point.$0$12017202020232026YTD
SPEUQuarterly · 39 paymentsAll SPEU payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.26; Jun 16, 2017 $0.58; Sep 15, 2017 $0.03; Dec 15, 2017 $0.14; Mar 19, 2018 $0.25; Jun 18, 2018 $0.63; Sep 24, 2018 $0.17; Dec 24, 2018 $0.15; Mar 18, 2019 $0.25; Jun 24, 2019 $0.64; Sep 23, 2019 $0.13; Dec 23, 2019 $0.14; Mar 23, 2020 $0.20; Jun 22, 2020 $0.26; Sep 21, 2020 $0.17; Dec 21, 2020 $0.23; Mar 22, 2021 $0.17; Jun 21, 2021 $0.49; Sep 20, 2021 $0.20; Dec 20, 2021 $0.27; Mar 21, 2022 $0.18; Jun 21, 2022 $0.61; Sep 19, 2022 $0.15; Dec 19, 2022 $0.14; Mar 20, 2023 $0.17; Jun 20, 2023 $0.69; Sep 18, 2023 $0.17; Dec 18, 2023 $0.15; Mar 18, 2024 $0.18; Jun 24, 2024 $0.76; Sep 23, 2024 $0.18; Dec 23, 2024 $0.19; Mar 24, 2025 $0.18; Jun 23, 2025 $0.87; Sep 22, 2025 $0.17; Dec 22, 2025 $0.59; Mar 23, 2026 $0.23; Jun 22, 2026 $0.90; Sep 21, 2026 $0.23. Use the arrow keys to read each point.$0$12017202020232026YTD

EZU vs SPEU Risk

Fall from peak · 5 years

  • EZU
  • SPEU
Oct 29, 2021 to Oct 30, 2026. Worst fall: EZU −36.0% · Sep 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EZU 13.9%SPEU 12.9%, better
Return per unit of riskSharpe ratio, 3 years
EZU 1.06SPEU 1.10, better
Worst fallMax drawdown, 5 years
EZU −36.0%SPEU −32.7%, better
Market sensitivityBeta, 5 years
EZU 0.91SPEU 0.95

EZU and SPEU in the news

All news⁠

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