IDEV vs TOK: Grades, Fees and Holdings Compared

iShares Core MSCI International Developed Markets ETF

IDEVANYSE Arca

iShares MSCI Kokusai ETF

TOKCNYSE Arca

Overlap

22.9%by weight

Expense ratio

IDEV −0.21pt a year

IDEV0.04%TOK0.25%

Avg volume · 30D

IDEV 489.9×the volume

IDEV1.88MTOK3.84K

5Y return · a year

TOK +2.1pt

IDEV+8.6%TOK+10.7%

IDEV vs TOK Performance

Oct 29, 2021 – Oct 30, 2026

+51.0%IDEV+66.6%TOK

Expense ratio: IDEV 0.04%, better; TOK 0.25%
Fund size: IDEV $33.8B; TOK $236M
1Y total return: IDEV +14.3%, better; TOK +11.8%
Yield (12M): IDEV 3.22%, better; TOK 1.30%
Holdings: IDEV 2330; TOK 1100
Avg volume (30D): IDEV 1.88M sh, better; TOK 3.84K sh
NAV per share: IDEV $89.09; TOK $152.13
52W range

ETF.net Grade

Pillar letters and Scores for IDEV, TOK, with each pillar’s weight
Pillar	IDEV	TOK
Cost30% weight	A90Higher	F23
Mission25% weight	A100Higher	A94
Risk15% weight	C44	C53Higher
Tradability15% weight	A70Higher	F24
Holdings10% weight	A93Higher	D25
Durability5% weight	B60Higher	C52

Rank among Developed International Core funds

How we build Categories ›

Same Category. IDEV and TOK 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 TOK 17th 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 16CPXFInvesco RAFI Developed Markets ex-U.S. ETFScore 51
Rank 17CTOKiShares MSCI Kokusai ETFScore 46
Rank 18CHFXINYLI FTSE International Equity Currency Neutral ETFScore 41

Our read on each fund

ETF.net Research

IDEVAiShares Core MSCI International Developed Markets ETF

TOKCiShares MSCI Kokusai 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.

TOK Most developed-markets funds cut out the US. TOK cuts out Japan instead: its index is developed-market equities everywhere but Japan, US included. A mirror-image mandate sitting in a shelf full of ex-US core funds.

Stated mandate

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

TOK The Fund seeks to track the MSCI Kokusai Index, which represents developed-market equities outside Japan. It uses representative sampling and generally invests at least 80% of assets in securities or instruments tied to that index.

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.

TOK The rare index fund that subtracts Japan instead of the US. It tracks the MSCI Kokusai Index (Net), developed-market equities outside Japan, in one ticker.ishares.com
Tracking has stayed close to the index, using representative sampling with generally at least 80% of assets in index securities or instruments tied to them.ishares.com
Trading since 2007: a long iShares operating record behind an unusual mandate, in a plain 1940 Act stock fund with no derivatives machinery.

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.

TOK 0.25% a year is above the norm for index funds in this group, where ex-US core options like VEA, SCHF and SPDW charge single-digit basis points.
Because the US stays in the index, it overlaps heavily with a US core position. This is a global-minus-Japan sleeve, not an ex-US diversifier.
A small, thinly traded fund, so bid-ask spreads and order handling matter more here than with the category's giants. Distributions come once or twice a year.

Full IDEV profile⁠

Full TOK profile⁠

IDEV vs TOK Holdings

How IDEV and TOK differ

Overlap by weight

22.9%

Shared holdings make up 67.9% of IDEV and 23.0% of TOK.

Level by level

Countryby domicile18.3%
Holdings568 in both22.9%
Sector11 Sectors74.0%
Asset classEquity100%

Sector

Sector weights in IDEV and TOK, widest gap first
Sector	More in IDEVMore in TOK	IDEV	TOK
Technology	TOK +20.2 points	11.5%	31.7%
Financials	IDEV +9.5 points	25.1%	15.6%
Industrials	IDEV +7.8 points	17.6%	9.8%
Materials	IDEV +4.9 points	8.0%	3.1%
Communication	TOK +3.8 points	3.8%	7.6%
Energy	IDEV +1.2 points	5.8%	4.6%
Consumer Discretionary	TOK +1.0 points	7.2%	8.2%
Utilities	IDEV +1.0 points	3.5%	2.5%
Health Care	TOK +0.9 points	9.1%	10.0%
Consumer Staples	IDEV +0.9 points	6.1%	5.2%
Real Estate	IDEV +0.8 points	2.3%	1.5%

Country, concentration and asset class

Country by domicile

Country weights in IDEV and TOK, widest gap first
Country	More in IDEVMore in TOK	IDEV	TOK
United States	TOK +81.7 points	0.0%	81.7%
Japan	IDEV +23.4 points	23.4%	0.0%
Canada	IDEV +9.2 points	13.0%	3.8%
United Kingdom	IDEV +9.1 points	12.9%	3.8%
Switzerland	IDEV +5.5 points	8.1%	2.6%
France	IDEV +5.1 points	7.6%	2.5%
Germany	IDEV +5.0 points	7.3%	2.3%
Australia	IDEV +4.7 points	6.5%	1.8%
Other countries (9)	IDEV +19.5 points	21.0%	1.5%

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

Concentration

Weight in the 10 largest Holdings

IDEV11.1%
TOK28.1%

Securities held

IDEV2,311
TOK1,084

Asset class

IDEV: Equity
TOK: Equity

Holdings

Only in IDEV1,743
In both568
Only in TOK516

Only in IDEV

1,743 securities, 31.9% of IDEV by weight

Mitsubishi Ufj Financial Group0.82%
Toyota Motor0.64%
Recruit Holdings Ltd0.56%
Advantest0.56%
Sumitomo Mitsui Financial Group0.52%
Sony Group0.51%
Hitachi0.50%
Tokyo Electron0.47%
Mizuho Financial Group0.41%
Softbank Group Corp0.37%
Tokio Marine Holdings0.35%
Kioxia Holdings0.34%
Keyence0.33%
Mitsubishi0.33%
Fast Retailing0.31%
Itochu0.29%
Mitsui0.27%
Mitsubishi Heavy Industries0.25%
Takeda Pharmaceutical0.24%
Murata Manufacturing0.23%
Shin Etsu Chemical0.22%
Hoya0.20%
Nintendo0.20%
Mitsubishi Electric0.20%
Panasonic Holdings0.19%
Kddi0.19%
Japan Tobacco0.18%
Sumitomo0.16%
Marubeni0.16%
Softbank0.15%
Orix0.15%
MS&AD Insurance Group Holdings0.15%
Daiichi Life Group0.14%
Honda Motor0.14%
Fujitsu0.14%
Sompo Holdings0.14%
Fujikura0.13%
Komatsu0.12%
Japan Post Bank Ltd0.12%
Nec0.12%
Daikin Industries Ltd0.12%
Fanuc Corp0.12%
Sumitomo Electric Industries0.12%
Ntt0.11%
Tdk0.11%
Otsuka Holdings0.11%
Renesas Electronics Corp0.11%
Resona Holdings0.11%
Daiichi Sankyo Ltd0.11%
Astellas Pharma0.11%

Only in TOK

516 securities, 77.0% of TOK by weight

Apple5.98%
NVIDIA5.56%
Microsoft4.35%
Amazon.com Inc2.75%
Alphabet Class A1.94%
Broadcom Inc1.74%
Meta Platforms Class A1.59%
Alphabet Class C1.54%
Tesla Inc1.35%
Eli Lilly1.34%
Micron Technology1.18%
JPMorgan Chase & Co1.06%
Advanced Micro Devices0.97%
Exxonmobil Holdings Corp0.91%
Berkshire Hathaway Inc Class B0.91%
Visa Class A0.81%
Johnson & Johnson0.78%
Walmart0.64%
AbbVie0.62%
Mastercard Class A0.61%
Costco Wholesale Corp0.53%
Chevron0.51%
Cisco Systems Inc0.49%
Palantir Technologies Class A0.47%
Procter & Gamble0.44%
UnitedHealth Group0.44%
Merck & Co Inc0.43%
Coca-Cola0.43%
Home Depot0.39%
Philip Morris International0.38%
Bank of America0.38%
Ge Aerospace0.37%
Applied Material Inc0.37%
Lam Research0.35%
Palo Alto Networks0.35%
Intel Corporation0.34%
Caterpillar Inc0.34%
Texas Instrument0.32%
Rtx0.32%
Goldman Sachs Group0.31%
Netflix0.31%
Thermo Fisher Scientific0.30%
Wells Fargo0.30%
Amgen Inc0.30%
Crowdstrike Holdings Class A0.29%
International Business Machines Co0.29%
Linde PLC0.28%
Ge Vernova0.27%
Oracle0.27%
Morgan Stanley0.26%

Weight gaps

The 100 widest of 568 Holdings in both funds.

Holding weights in IDEV and TOK, widest gap first
Holding	More in IDEVMore in TOK	IDEV	TOK
Asml Holding	IDEV +1.42 points	2.14%	0.72%
Roche Ps Par AG	IDEV +0.79 points	1.20%	0.41%
ShellSHEL.L	IDEV +0.72 points	1.09%	0.37%
Novartis AG	IDEV +0.69 points	1.04%	0.35%
Hsbc Holdings PLCHSBA.L	IDEV +0.67 points	1.02%	0.35%
Astrazeneca PLCAZN.L	IDEV +0.66 points	0.99%	0.33%
Royal Bank of Canada	IDEV +0.64 points	0.98%	0.34%
Nestle SA	IDEV +0.61 points	0.92%	0.31%
Sap	IDEV +0.56 points	0.84%	0.28%
Siemens N AG	IDEV +0.50 points	0.75%	0.25%
Toronto Dominion	IDEV +0.48 points	0.72%	0.24%
Bhp Group Ltd	IDEV +0.48 points	0.72%	0.24%
Commonwealth Bank of Australia	IDEV +0.46 points	0.69%	0.23%
Shopify Subordinate Voting Class A	IDEV +0.44 points	0.67%	0.23%
Allianz	IDEV +0.43 points	0.65%	0.22%
Totalenergies	IDEV +0.43 points	0.65%	0.22%
Banco Santander	IDEV +0.38 points	0.57%	0.19%
Iberdrola	IDEV +0.36 points	0.54%	0.18%
Ubs Group AG	IDEV +0.35 points	0.52%	0.17%
Schneider Electric	IDEV +0.34 points	0.51%	0.17%
Unilever PLCULVR.L	IDEV +0.32 points	0.49%	0.17%
Rolls-Royce Holdings PLCRR.L	IDEV +0.32 points	0.48%	0.16%
Abb Ltd	IDEV +0.31 points	0.47%	0.16%
Bp PLCBP.L	IDEV +0.30 points	0.46%	0.16%
Banco Bilbao Vizcaya Argentaria	IDEV +0.30 points	0.46%	0.16%
Novo Nordisk Class B	IDEV +0.30 points	0.45%	0.15%
Airbus Group	IDEV +0.29 points	0.44%	0.15%
Lair Liquide Societe Anonyme Pour	IDEV +0.29 points	0.44%	0.15%
British American TobaccoBATS.L	IDEV +0.28 points	0.43%	0.15%
Canadian Natural Resources Ltd	IDEV +0.27 points	0.41%	0.14%
Dbs Group Holdings Ltd	IDEV +0.27 points	0.41%	0.14%
Bank of Montreal	IDEV +0.27 points	0.41%	0.14%
Bank of Nova Scotia	IDEV +0.27 points	0.40%	0.13%
Loreal SA	IDEV +0.27 points	0.41%	0.14%
Zurich Insurance Group AG	IDEV +0.26 points	0.39%	0.13%
Siemens Energy N AG	IDEV +0.25 points	0.38%	0.13%
Unicredit	IDEV +0.26 points	0.39%	0.13%
Compagnie Financiere Richemont SA	IDEV +0.25 points	0.38%	0.13%
Enbridge	IDEV +0.24 points	0.37%	0.13%
Safran SA	IDEV +0.24 points	0.37%	0.13%
Lvmh	IDEV +0.24 points	0.37%	0.13%
Canadian Imperial Bank of Commerce	IDEV +0.24 points	0.37%	0.13%
Aia Group	IDEV +0.24 points	0.35%	0.11%
GlaxosmithklineGSK.L	IDEV +0.23 points	0.35%	0.12%
Deutsche Telekom N AG	IDEV +0.23 points	0.35%	0.12%
Sanofi SA	IDEV +0.23 points	0.34%	0.11%
Suncor Energy Inc	IDEV +0.22 points	0.33%	0.11%
Bnp Paribas SA	IDEV +0.22 points	0.33%	0.11%
Ing Groep	IDEV +0.21 points	0.32%	0.11%
Intesa Sanpaolo	IDEV +0.21 points	0.32%	0.11%
National Australia Bank	IDEV +0.21 points	0.32%	0.11%
Spotify TechnologySPOT	IDEV +0.21 points	0.31%	0.10%
Westpac Banking Corporation	IDEV +0.21 points	0.31%	0.10%
Rio TintoRIO.L	IDEV +0.21 points	0.31%	0.10%
Anz Group Holdings Ltd	IDEV +0.20 points	0.30%	0.10%
National Grid PLCNG.L	IDEV +0.19 points	0.29%	0.10%
Agnico Eagle Mines	IDEV +0.19 points	0.29%	0.10%
Muenchener Rueckversicherungs-Gese	IDEV +0.19 points	0.29%	0.10%
Bae Systems PLCBA.L	IDEV +0.18 points	0.28%	0.10%
Enel	IDEV +0.19 points	0.28%	0.09%
Canadian Pacific Kansas City	IDEV +0.18 points	0.28%	0.10%
Investor Class B	IDEV +0.18 points	0.27%	0.09%
Brookfield Class A	IDEV +0.18 points	0.27%	0.09%
Infineon Technologies AG	IDEV +0.18 points	0.26%	0.08%
Axa SA	IDEV +0.17 points	0.26%	0.09%
Barclays PLCBARC.L	IDEV +0.17 points	0.26%	0.09%
Oversea-Chinese Banking	IDEV +0.17 points	0.26%	0.09%
Manulife Financial	IDEV +0.17 points	0.26%	0.09%
Anheuser-Busch Inbev SA	IDEV +0.16 points	0.25%	0.09%
Relx PLCREL.L	IDEV +0.17 points	0.25%	0.08%
Lloyds Banking Group PLCLLOY.L	IDEV +0.16 points	0.25%	0.09%
Industria De Diseno Textil SA	IDEV +0.16 points	0.24%	0.08%
Csl	IDEV +0.16 points	0.24%	0.08%
Tc Energy	IDEV +0.15 points	0.23%	0.08%
Glencore PLCGLEN.L	IDEV +0.15 points	0.23%	0.08%
Deutsche Boerse AG	IDEV +0.15 points	0.23%	0.08%
Macquarie Group Ltd Def	IDEV +0.15 points	0.23%	0.08%
Canadian National Railway	IDEV +0.14 points	0.22%	0.08%
Natwest Group PLCNWG.L	IDEV +0.15 points	0.22%	0.07%
Barrick Mining	IDEV +0.15 points	0.22%	0.07%
Essilorluxottica SA	IDEV +0.14 points	0.21%	0.07%
Wesfarmers	IDEV +0.14 points	0.21%	0.07%
Dhl AG	IDEV +0.14 points	0.21%	0.07%
National Bank of Canada	IDEV +0.14 points	0.21%	0.07%
Deutsche Bank AG	IDEV +0.14 points	0.21%	0.07%
Compass Group PLCCPG.L	IDEV +0.13 points	0.20%	0.07%
Vinci SA	IDEV +0.13 points	0.20%	0.07%
Argenx	IDEV +0.13 points	0.20%	0.07%
London Stock Exchange Group PLCLSEG.L	IDEV +0.13 points	0.20%	0.07%
Eni	IDEV +0.13 points	0.20%	0.07%
Bayer AG	IDEV +0.14 points	0.20%	0.06%
Lonza Group AG	IDEV +0.13 points	0.19%	0.06%
Nordea Bank	IDEV +0.13 points	0.19%	0.06%
Rheinmetall AG	IDEV +0.13 points	0.19%	0.06%
Anglo American PLCAAL.L	IDEV +0.13 points	0.19%	0.06%
Diageo PLCDGE.L	IDEV +0.12 points	0.18%	0.06%
Basf N	IDEV +0.12 points	0.18%	0.06%
Wheaton Precious Metals	IDEV +0.12 points	0.18%	0.06%
Standard Chartered PLCSTAN.L	IDEV +0.11 points	0.17%	0.06%
Teva Pharmaceutical IndustriesTEVA	IDEV +0.12 points	0.18%	0.06%

All 2,313 IDEV holdings⁠All 1,083 TOK 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 TOK Cost

Overpaying TOK vs IDEV

$4,310

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

IDEV 0.04%
$849
TOK 0.25%
$5,159

Amount$10,000

Years30 years

Cost over time

IDEV 0.04%
TOK 0.25%
Overpaying

Year by year

Year	IDEV	TOK	Overpaying
10	$73	$455	$382
20	$288	$1,769	$1,481
30	$849	$5,159	$4,310

Expense ratio

0.04%IDEV, cheaper
0.25%TOK

IDEV0.04%TOK0.25%

0.03%0.70%

Middle half of Developed International Core funds
Median 0.10%

IDEV 4th cheapest of 20 funds

TOK 15th cheapest of 20 funds

IDEV vs TOK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IDEV 3.22%, better; TOK 1.30%
Payout (12M): IDEV $2.87; TOK $1.97
Last payment: IDEV $1.34; TOK $1.01
Ex-dividend: IDEV Jun 15, 2026; TOK Jun 15, 2026
Paid on: IDEV Jun 18, 2026; TOK Jun 18, 2026
Frequency: IDEV Twice a year; TOK Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

IDEVTwice a year · 20 paymentsAll IDEV payments⁠

TOKTwice a year · 20 paymentsAll TOK payments⁠

IDEV vs TOK Risk

Fall from peak · 5 years

IDEV
TOK

Risk facts

VolatilityStd dev, 3 years: IDEV 11.8%TOK 11.6%, better
Return per unit of riskSharpe ratio, 3 years: IDEV 1.26TOK 1.45, better
Worst fallMax drawdown, 5 years: IDEV −29.1%TOK −25.8%, better
Market sensitivityBeta, 5 years: IDEV 0.80TOK 0.97; Market = 1

IDEV and TOK in the news

All news⁠

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

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IDEV vs TOK

In short

Stated mandate

Why people hold it

Worth knowing

How IDEV and TOK differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IDEV

Only in TOK

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best international ETFs: one cheap fund, then the Korea choice

Vanguard's total international fund is the one-fund pick, and Korea splits the rest

How IDEV and TOK differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IDEV

Only in TOK

Weight gaps