IDEV vs IEFA: Grades, Fees and Holdings Compared

iShares Core MSCI International Developed Markets ETF

IDEVANYSE Arca

iShares Core MSCI EAFE ETF

IEFAACboe

Overlap

86.6%by weight

Expense ratio

IDEV −0.03pt a year

IDEV0.04%IEFA0.07%

Avg volume · 30D

IEFA 4.7×the volume

IDEV1.88MIEFA8.85M

5Y return · a year

IDEV +0.4pt

IDEV+8.6%IEFA+8.2%

IDEV vs IEFA Performance

Oct 29, 2021 – Oct 30, 2026

+51.0%IDEV+48.4%IEFA

Expense ratio: IDEV 0.04%, better; IEFA 0.07%
Fund size: IDEV $33.8B; IEFA $189B
1Y total return: IDEV +14.3%, better; IEFA +13.3%
Yield (12M): IDEV 3.22%; IEFA 3.41%, better
Holdings: IDEV 2330; IEFA 2638
Avg volume (30D): IDEV 1.88M sh; IEFA 8.85M sh, better
NAV per share: IDEV $89.09; IEFA $96.14
52W range

ETF.net Grade

Pillar letters and Scores for IDEV, IEFA, with each pillar’s weight
Pillar	IDEV	IEFA
Cost30% weight	A90Higher	B68
Mission25% weight	A100	A100
Risk15% weight	C44	C44
Tradability15% weight	A70	A80Higher
Holdings10% weight	A93Higher	A87
Durability5% weight	B60	A85Higher

Rank among Developed International Core funds

How we build Categories ›

Same Category. IDEV 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 ›

IDEV ranks 1st and IEFA 4th 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

Our read on each fund

ETF.net Research

IDEVAiShares Core MSCI International Developed Markets ETF

IEFAAiShares Core MSCI EAFE ETF

In short

IDEV One ticker for the developed world outside America, top to bottom: roughly 2,300 large, mid and small caps for four basis points. iShares built this as a Core building block and priced it like one.

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

IDEV The fund seeks to track an index of large-, mid-, and small-cap equities from developed markets outside the United States.

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

IDEV Charges 0.04% a year while the typical developed-markets core fund charges 0.18%. That is roughly a fifth of the usual freight.
Goes all-cap, not just blue chips: roughly 2,300 large, mid and small companies from developed markets outside the US, so the small end is not left on the cutting room floor.ishares.com
A plain index wrapper on the MSCI World ex USA IMI Index. No tilts, no manager discretion, and it has run that same mandate since 2017.
Multi-billion-dollar fund that trades actively, and one of the stronger implementations in a crowded developed-markets core group.

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

IDEV VEA, SPDW and SCHF each run a basis point cheaper. Pennies on most balances, but IDEV is not the absolute cost floor of the group.
Distributions come annually or semiannually rather than monthly, so cash arrives in lumps.
Every holding is priced in a foreign currency, so moves in the dollar show up in your returns alongside the stocks themselves.

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 IDEV profile⁠

Full IEFA profile⁠

IDEV vs IEFA Holdings

How IDEV and IEFA differ

Overlap by weight

86.6%

Shared holdings make up 98.8% of IEFA and 87.4% of IDEV.

Level by level

Holdings2,076 in both86.6%
Countryby domicile87.0%
Sector11 Sectors94.8%
Asset classEquity100%

Sector

Sector weights in IDEV and IEFA, widest gap first
Sector	More in IDEVMore in IEFA	IDEV	IEFA
Industrials	IEFA +1.6 points	17.6%	19.2%
Energy	IDEV +1.5 points	5.8%	4.3%
Materials	IDEV +1.5 points	8.0%	6.5%
Financials	IDEV +1.4 points	25.1%	23.7%
Consumer Discretionary	IEFA +1.4 points	7.2%	8.6%
Health Care	IEFA +1.2 points	9.1%	10.3%
Technology	IDEV +0.9 points	11.5%	10.6%
Consumer Staples	IEFA +0.6 points	6.1%	6.7%
Real Estate	IEFA +0.3 points	2.3%	2.6%
Utilities	IEFA +0.1 points	3.5%	3.6%
Communication	Same weight	3.8%	3.8%

Country, concentration and asset class

Country by domicile

Country weights in IDEV and IEFA, widest gap first
Country	More in IDEVMore in IEFA	IDEV	IEFA
Canada	IDEV +13.0 points	13.0%	0.0%
Japan	IEFA +3.2 points	23.4%	26.6%
United Kingdom	IEFA +1.8 points	12.9%	14.7%
Finland	IEFA +1.1 points	0.0%	1.1%
Switzerland	IEFA +1.1 points	8.1%	9.2%
France	IEFA +1.1 points	7.6%	8.7%
Germany	IEFA +1.1 points	7.3%	8.4%
Australia	IEFA +0.9 points	6.5%	7.4%
Other countries (9)	IEFA +3.0 points	21.0%	24.0%

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

Concentration

Weight in the 10 largest Holdings

IDEV11.1%
IEFA12.4%

Securities held

IDEV2,311
IEFA2,621

Asset class

IDEV: Equity
IEFA: Equity

Holdings

Only in IDEV235
In both2,076
Only in IEFA545

Only in IDEV

235 securities, 12.4% of IDEV by weight

Royal Bank of Canada0.98%
Toronto Dominion0.72%
Shopify Subordinate Voting Class A0.67%
Bank of Montreal0.41%
Canadian Natural Resources Ltd0.41%
Bank of Nova Scotia0.40%
Enbridge0.37%
Canadian Imperial Bank of Commerce0.37%
Suncor Energy Inc0.33%
Agnico Eagle Mines0.29%
Canadian Pacific Kansas City0.28%
Brookfield Class A0.27%
Manulife Financial0.26%
Tc Energy0.23%
Canadian National Railway0.22%
Barrick Mining0.22%
National Bank of Canada0.21%
Wheaton Precious Metals0.18%
Constellation Software0.17%
Cenovus Energy0.16%
Sun Life Financial Inc0.15%
Franco Nevada0.15%
Dollarama0.14%
Alimentation Couche Tard Inc0.14%
Power Corporation of Canada0.13%
Fairfax Financial Holdings Sub Vot0.12%
Cameco0.12%
Nutrien Ltd0.11%
Celestica0.11%
Intact Financial Corp0.11%
Loblaw Companies Ltd0.10%
Fortis0.10%
Pembina Pipeline0.10%
Teck Resources Subordinate Voting0.10%
Kinross Gold0.08%
Restaurants Brands International0.08%
Imperial Oil Ltd0.07%
Bombardier Class B0.07%
Whitecap Resources Inc0.06%
Great West Lifeco Inc0.06%
Wsp Global Inc0.06%
Thomson Reuters Corp0.06%
Tourmaline Oil Corp0.06%
Brookfield Asset Management Voting0.06%
Pan American Silver0.06%
Magna International0.06%
Rb Global0.06%
First Quantum Minerals0.06%
Cgi Inc Class A0.05%
Gfl Environmental Subordinate Voti0.05%

Only in IEFA

545 securities, 1.2% of IEFA by weight

Sparebank Nord-Norge<0.01%
Liechtensteinische Landesbank<0.01%
Keiyo Bank Ltd<0.01%
Bufab<0.01%
Kenon Holdings Ltd<0.01%
Zigup PLC<0.01%
Cloetta<0.01%
Implenia AG<0.01%
Inwido<0.01%
Ituran Location and Control Ltd<0.01%
Zehnder Group AG<0.01%
Cadeler<0.01%
Rami Levi Chain Stores Hashikma Ma<0.01%
Okasan Securities Group<0.01%
Basilea Pharmaceutica<0.01%
Molten Ventures PLC<0.01%
Helia Group Ltd<0.01%
Rtl Group SA<0.01%
Musashino Bank Ltd<0.01%
Bank of Nagoya Ltd<0.01%
Iino Kaiun Ltd<0.01%
Biogaia Class B<0.01%
Wilh. Wilhelmsen Holding A<0.01%
Austal Ltd<0.01%
Mersen SA<0.01%
Evn AG<0.01%
Elkem<0.01%
Bytes Technology Group PLC<0.01%
Tamron Ltd<0.01%
Ora Banda Mining Ltd<0.01%
Intea Fastigheter Class B<0.01%
Centuria Industr Units<0.01%
DATA#3 Ltd<0.01%
Bilia Class A<0.01%
Odfjell Drilling<0.01%
Israel Corporation Ltd<0.01%
Moonpig Group PLC<0.01%
Morgan Advanced Materials PLC<0.01%
Ovs Spa<0.01%
Trial Holdings Inc<0.01%
Fuchs N<0.01%
Mcmillan Shakespeare<0.01%
Tbs Holdings Inc<0.01%
Cellcom Israel<0.01%
Alkane Resources Ltd<0.01%
Mpc Container Ships<0.01%
Draegerwerk Pref AG<0.01%
Aker Solutions<0.01%
Advanced Medical Solutions Group P<0.01%
Evt Ltd<0.01%

Weight gaps

The 100 widest of 2,076 Holdings in both funds.

Holding weights in IDEV and IEFA, widest gap first
Holding	More in IDEVMore in IEFA	IDEV	IEFA
Asml Holding	IEFA +0.31 points	2.14%	2.45%
Roche Ps Par AG	IEFA +0.18 points	1.20%	1.38%
ShellSHEL.L	IEFA +0.16 points	1.09%	1.25%
Novartis AG	IEFA +0.15 points	1.04%	1.19%
Hsbc Holdings PLCHSBA.L	IEFA +0.15 points	1.02%	1.17%
Astrazeneca PLCAZN.L	IEFA +0.14 points	0.99%	1.13%
Nestle SA	IEFA +0.14 points	0.92%	1.06%
Sap	IEFA +0.12 points	0.84%	0.96%
Mitsubishi Ufj Financial Group	IEFA +0.12 points	0.82%	0.94%
Siemens N AG	IEFA +0.11 points	0.75%	0.86%
Bhp Group Ltd	IEFA +0.11 points	0.72%	0.83%
Commonwealth Bank of Australia	IEFA +0.10 points	0.69%	0.79%
Allianz	IEFA +0.09 points	0.65%	0.74%
Toyota Motor	IEFA +0.10 points	0.64%	0.74%
Totalenergies	IEFA +0.09 points	0.65%	0.74%
Advantest	IEFA +0.09 points	0.56%	0.65%
Recruit Holdings Ltd	IEFA +0.09 points	0.56%	0.65%
Iberdrola	IEFA +0.08 points	0.54%	0.62%
Banco Santander	IEFA +0.07 points	0.57%	0.64%
Sumitomo Mitsui Financial Group	IEFA +0.08 points	0.52%	0.60%
Unilever PLCULVR.L	IEFA +0.07 points	0.49%	0.56%
Sony Group	IEFA +0.07 points	0.51%	0.58%
Schneider Electric	IEFA +0.07 points	0.51%	0.58%
Hitachi	IEFA +0.07 points	0.50%	0.57%
Ubs Group AG	IEFA +0.08 points	0.52%	0.60%
Rolls-Royce Holdings PLCRR.L	IEFA +0.07 points	0.48%	0.55%
Tokyo Electron	IEFA +0.07 points	0.47%	0.54%
Banco Bilbao Vizcaya Argentaria	IEFA +0.06 points	0.46%	0.52%
Novo Nordisk Class B	IEFA +0.06 points	0.45%	0.51%
Airbus Group	IEFA +0.07 points	0.44%	0.51%
Lair Liquide Societe Anonyme Pour	IEFA +0.07 points	0.44%	0.51%
Bp PLCBP.L	IEFA +0.07 points	0.46%	0.53%
Abb Ltd	IEFA +0.06 points	0.47%	0.53%
British American TobaccoBATS.L	IEFA +0.07 points	0.43%	0.50%
Dbs Group Holdings Ltd	IEFA +0.06 points	0.41%	0.47%
Loreal SA	IEFA +0.05 points	0.41%	0.46%
Lvmh	IEFA +0.06 points	0.37%	0.43%
Zurich Insurance Group AG	IEFA +0.06 points	0.39%	0.45%
Compagnie Financiere Richemont SA	IEFA +0.05 points	0.38%	0.43%
Siemens Energy N AG	IEFA +0.06 points	0.38%	0.44%
Unicredit	IEFA +0.05 points	0.39%	0.44%
Safran SA	IEFA +0.05 points	0.37%	0.42%
GlaxosmithklineGSK.L	IEFA +0.05 points	0.35%	0.40%
Softbank Group Corp	IEFA +0.05 points	0.37%	0.42%
Hong Kong Exchanges and Clearing	IEFA +0.05 points	0.14%	0.19%
Mizuho Financial Group	IEFA +0.05 points	0.41%	0.46%
Kioxia Holdings	IEFA +0.05 points	0.34%	0.39%
Intesa Sanpaolo	IEFA +0.05 points	0.32%	0.37%
Bnp Paribas SA	IEFA +0.05 points	0.33%	0.38%
Aia Group	IEFA +0.05 points	0.35%	0.40%
Sanofi SA	IEFA +0.05 points	0.34%	0.39%
Tokio Marine Holdings	IEFA +0.05 points	0.35%	0.40%
National Australia Bank	IEFA +0.04 points	0.32%	0.36%
Deutsche Telekom N AG	IEFA +0.05 points	0.35%	0.40%
Westpac Banking Corporation	IEFA +0.05 points	0.31%	0.36%
Mitsubishi	IEFA +0.04 points	0.33%	0.37%
Keyence	IEFA +0.04 points	0.33%	0.37%
Anz Group Holdings Ltd	IEFA +0.05 points	0.30%	0.35%
Ing Groep	IEFA +0.04 points	0.32%	0.36%
Spotify TechnologySPOT	IEFA +0.04 points	0.31%	0.35%
Rio TintoRIO.L	IEFA +0.04 points	0.31%	0.35%
Barclays PLCBARC.L	IEFA +0.04 points	0.26%	0.30%
Lloyds Banking Group PLCLLOY.L	IEFA +0.04 points	0.25%	0.29%
Bae Systems PLCBA.L	IEFA +0.04 points	0.28%	0.32%
National Grid PLCNG.L	IEFA +0.04 points	0.29%	0.33%
Axa SA	IEFA +0.04 points	0.26%	0.30%
Enel	IEFA +0.04 points	0.28%	0.32%
Anheuser-Busch Inbev SA	IEFA +0.04 points	0.25%	0.29%
Oversea-Chinese Banking	IEFA +0.04 points	0.26%	0.30%
Swiss Re AG	IEFA +0.04 points	0.18%	0.22%
Muenchener Rueckversicherungs-Gese	IEFA +0.03 points	0.29%	0.32%
Fast Retailing	IEFA +0.04 points	0.31%	0.35%
Investor Class B	IEFA +0.03 points	0.27%	0.30%
Infineon Technologies AG	IEFA +0.04 points	0.26%	0.30%
Itochu	IEFA +0.04 points	0.29%	0.33%
Relx PLCREL.L	IEFA +0.03 points	0.25%	0.28%
Macquarie Group Ltd Def	IEFA +0.03 points	0.23%	0.26%
Csl	IEFA +0.03 points	0.24%	0.27%
Industria De Diseno Textil SA	IEFA +0.03 points	0.24%	0.27%
Mitsubishi Heavy Industries	IEFA +0.03 points	0.25%	0.28%
Mitsui	IEFA +0.03 points	0.27%	0.30%
Nec	IEFA +0.03 points	0.12%	0.15%
Deutsche Boerse AG	IEFA +0.03 points	0.23%	0.26%
Wesfarmers	IEFA +0.04 points	0.21%	0.25%
Glencore PLCGLEN.L	IEFA +0.03 points	0.23%	0.26%
Takeda Pharmaceutical	IEFA +0.03 points	0.24%	0.27%
Murata Manufacturing	IEFA +0.03 points	0.23%	0.26%
Natwest Group PLCNWG.L	IEFA +0.03 points	0.22%	0.25%
Nintendo	IEFA +0.03 points	0.20%	0.23%
Shin Etsu Chemical	IEFA +0.03 points	0.22%	0.25%
Essilorluxottica SA	IEFA +0.03 points	0.21%	0.24%
Dhl AG	IEFA +0.03 points	0.21%	0.24%
London Stock Exchange Group PLCLSEG.L	IEFA +0.03 points	0.20%	0.23%
United Overseas Bank	IEFA +0.02 points	0.13%	0.15%
Basf N	IEFA +0.03 points	0.18%	0.21%
Bayer AG	IEFA +0.02 points	0.20%	0.22%
Lonza Group AG	IEFA +0.03 points	0.19%	0.22%
Hermes International	IEFA +0.03 points	0.17%	0.20%
Rheinmetall AG	IEFA +0.03 points	0.19%	0.22%
Deutsche Bank AG	IEFA +0.02 points	0.21%	0.23%

All 2,313 IDEV 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.

IDEV vs IEFA Cost

Overpaying IEFA vs IDEV

$631

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

IDEV 0.04%
$849
IEFA 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

IDEV 0.04%
IEFA 0.07%
Overpaying

Year by year

Year	IDEV	IEFA	Overpaying
10	$73	$128	$55
20	$288	$503	$215
30	$849	$1,480	$631

Expense ratio

0.04%IDEV, cheaper
0.07%IEFA

IDEV0.04%IEFA0.07%

0.03%0.70%

Middle half of Developed International Core funds
Median 0.10%

IDEV 4th cheapest of 20 funds

IEFA 7th cheapest of 20 funds

IDEV vs IEFA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IDEV 3.22%; IEFA 3.41%, better
Payout (12M): IDEV $2.87; IEFA $3.29
Last payment: IDEV $1.34; IEFA $1.58
Ex-dividend: IDEV Jun 15, 2026; IEFA Jun 15, 2026
Paid on: IDEV Jun 18, 2026; IEFA Jun 18, 2026
Frequency: IDEV Twice a year; IEFA Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

IDEVTwice a year · 20 paymentsAll IDEV payments⁠

IEFATwice a year · 20 paymentsAll IEFA payments⁠

IDEV vs IEFA Risk

Fall from peak · 5 years

IDEV
IEFA

Risk facts

VolatilityStd dev, 3 years: IDEV 11.8%, betterIEFA 11.9%
Return per unit of riskSharpe ratio, 3 years: IDEV 1.26, betterIEFA 1.20
Worst fallMax drawdown, 5 years: IDEV −29.1%, betterIEFA −30.0%
Market sensitivityBeta, 5 years: IDEV 0.80IEFA 0.89; Market = 1

IDEV and IEFA in the news

All news⁠

Best ETFs
Vanguard's total international fund is the one-fund pick, and Korea splits the rest
Updated Oct 2, 2026IDEVIEFA
Best ETFs
Best international ETFs: one cheap fund, then the Korea choice
Updated Nov 2, 2026IDEV
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
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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IDEV vs IEFA

In short

Stated mandate

Why people hold it