IEFA vs SCHF: Grades, Fees and Holdings Compared

iShares Core MSCI EAFE ETF

IEFAACboe

Schwab International Equity ETF

SCHFANYSE Arca

Overlap

58.7%by weight

Expense ratio

SCHF −0.04pt a year

IEFA0.07%SCHF0.03%

Avg volume · 30D

IEFA 1.1×the volume

IEFA8.85MSCHF8.2M

10Y return · a year

SCHF +0.7pt

IEFA+9.2%SCHF+9.9%

IEFA vs SCHF Performance

Oct 29, 2021 – Oct 30, 2026

+48.4%IEFA+57.5%SCHF

Expense ratio: IEFA 0.07%; SCHF 0.03%, better
Fund size: IEFA $189B; SCHF $67.7B
1Y total return: IEFA +13.3%; SCHF +17.5%, better
Yield (12M): IEFA 3.41%, better; SCHF 3.12%
Holdings: IEFA 2638; SCHF 1433
Avg volume (30D): IEFA 8.85M sh, better; SCHF 8.2M sh
NAV per share: IEFA $96.14; SCHF $27.08
52W range

ETF.net Grade

Pillar letters and Scores for IEFA, SCHF, with each pillar’s weight
Pillar	IEFA	SCHF
Cost30% weight	B68	A90Higher
Mission25% weight	A100	A100
Risk15% weight	C44Higher	C43
Tradability15% weight	A80Higher	B58
Holdings10% weight	A87Higher	B57
Durability5% weight	A85Higher	A71

Rank among Developed International Core funds

How we build Categories ›

Same Category. IEFA and SCHF 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 ›

IEFA ranks 4th and SCHF 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
Rank 6ABKIEBNY Mellon International Equity ETFScore 72

Our read on each fund

ETF.net Research

IEFAAiShares Core MSCI EAFE ETF

SCHFASchwab International Equity ETF

In short

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.

SCHF Schwab's core answer to "everything outside the US": roughly 1,500 developed-market stocks for 0.03% a year, the floor for this category. Running since 2009 and one of the most heavily traded funds in its niche.

Stated mandate

IEFA The fund seeks to track an index of large-, mid- and small-capitalization developed-market equities outside the United States and Canada.

SCHF The fund seeks to track the total return of the FTSE Developed ex US Index as closely as possible before fees and expenses.

Why people hold it

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.

SCHF 0.03% a year is the cheapest tier in developed-international core, matched only by VEA and SPDW.
Tracks the FTSE Developed ex US Index tightly, one of the closest index fits in its peer group.
Roughly 1,500 stocks across Europe, Japan and the rest of the developed world ex-US, in one ticker.
A multi-billion-dollar fund that trades very actively, which helps keep bid-ask costs small. Live since 2009.

Worth knowing

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.

SCHF No currency hedge. The index holds foreign shares in dollars, so exchange-rate swings feed into your return alongside the stocks.
Developed markets only: no US names, and no emerging markets such as China, India or Brazil.
Weighted by market value, so Europe's and Japan's largest companies dominate the top of the book despite the wide holdings list.

Full IEFA profile⁠

Full SCHF profile⁠

IEFA vs SCHF Holdings

How IEFA and SCHF differ

Overlap by weight

58.7%

Shared holdings make up 67.6% of IEFA and 58.8% of SCHF.

Level by level

Holdings918 in both58.7%
Countryby domicile77.3%
Sector11 Sectors88.4%
Asset classEquity100%

Sector

Sector weights in IEFA and SCHF, widest gap first
Sector	More in IEFAMore in SCHF	IEFA	SCHF
Technology	SCHF +6.5 points	10.6%	17.1%
Industrials	IEFA +5.0 points	19.2%	14.2%
Financials	SCHF +2.7 points	23.7%	26.4%
Health Care	IEFA +2.3 points	10.3%	8.0%
Energy	SCHF +1.8 points	4.3%	6.1%
Consumer Discretionary	IEFA +1.7 points	8.6%	6.9%
Consumer Staples	IEFA +0.9 points	6.7%	5.8%
Communication	IEFA +0.7 points	3.8%	3.1%
Real Estate	IEFA +0.7 points	2.6%	1.9%
Materials	SCHF +0.7 points	6.5%	7.2%
Utilities	IEFA +0.2 points	3.6%	3.4%

Country, concentration and asset class

Country by domicile

Country weights in IEFA and SCHF, widest gap first
Country	More in IEFAMore in SCHF	IEFA	SCHF
Canada	SCHF +10.9 points	0.0%	10.9%
South Korea	SCHF +8.4 points	0.0%	8.4%
Japan	IEFA +4.9 points	26.6%	21.7%
United Kingdom	IEFA +3.9 points	14.7%	10.8%
France	IEFA +2.4 points	8.7%	6.3%
Germany	IEFA +1.7 points	8.4%	6.7%
Switzerland	IEFA +1.7 points	9.2%	7.5%
Australia	IEFA +1.7 points	7.4%	5.7%
Other countries (22)	IEFA +3.3 points	25.1%	21.8%

Outside the US: IEFA 98% developed, 2% emerging. SCHF 89% developed, 11% emerging.

Concentration

Weight in the 10 largest Holdings

IEFA12.4%
SCHF14.3%

Securities held

IEFA2,621
SCHF1,421

Asset class

IEFA: Equity
SCHF: Equity

Holdings

Only in IEFA1,703
In both918
Only in SCHF503

Only in IEFA

1,703 securities, 31.8% of IEFA by weight

Asml Holding2.45%
Sap0.96%
Allianz0.74%
Totalenergies0.74%
Banco Santander0.64%
Schneider Electric0.58%
Rolls-Royce Holdings PLC0.55%
Bp PLC0.53%
Banco Bilbao Vizcaya Argentaria0.52%
Novo Nordisk Class B0.51%
Airbus Group0.51%
Lair Liquide Societe Anonyme Pour0.51%
Loreal SA0.46%
Siemens Energy N AG0.44%
Lvmh0.43%
Safran SA0.42%
Deutsche Telekom N AG0.40%
Sanofi SA0.39%
Spotify Technology0.35%
National Grid PLC0.33%
Bae Systems PLC0.32%
Axa SA0.30%
Investor Class B0.30%
Anheuser-Busch Inbev SA0.29%
Essilorluxottica SA0.24%
Vinci SA0.23%
Compass Group PLC0.23%
Argenx0.23%
Nordea Bank0.21%
Volvo Class B0.20%
Ferrari0.19%
Atlas Copco Class A0.19%
Danone SA0.18%
Societe Generale SA0.17%
Assa Abloy B0.16%
Ucb SA0.15%
Asm International NV0.15%
Erste Group Bank AG0.15%
Assicurazioni Generali0.14%
Swedbank0.13%
Equinor0.13%
Koninklijke Ahold Delhaize0.13%
Nebius NV Class A0.12%
Mercedes-Benz Group N AG0.12%
Adidas N AG0.12%
Skandinaviska Enskilda Banken0.12%
Orange SA0.12%
Stmicroelectronics0.12%
Ericsson B0.12%
Aviva PLC0.12%

Only in SCHF

503 securities, 41.2% of SCHF by weight

Samsung Electronics Ltd2.75%
Sk Hynix2.25%
Asml Holding2.23%
Royal Bank of Canada0.99%
Banco Santander0.90%
Sap0.78%
Toronto Dominion0.72%
Shopify Subordinate Voting Class A0.70%
Totalenergies0.65%
Allianz0.64%
Schneider Electric0.54%
Rolls-Royce Holdings PLC0.49%
Banco Bilbao Vizcaya Argentaria0.47%
Bp PLC0.45%
Airbus0.44%
Lair Liquide Societe Anonyme Pour0.44%
Bank of Montreal0.43%
Novo Nordisk Class B0.43%
Bank of Nova Scotia0.40%
Siemens Energy N AG0.39%
Canadian Natural Resources Ltd0.39%
Samsung Electronics Non Voting Pre0.38%
Enbridge0.38%
Canadian Imperial Bank of Commerce0.37%
Loreal SA0.37%
Safran SA0.37%
Lvmh0.36%
Deutsche Telekom N AG0.34%
Suncor Energy Inc0.32%
Agnico Eagle Mines0.31%
National Grid PLC0.29%
Brookfield Class A0.29%
Bae Systems PLC0.28%
Canadian Pacific Kansas City0.27%
Axa SA0.27%
Manulife Financial0.26%
Investor Class B0.26%
Anheuser-Busch Inbev SA0.26%
Tc Energy0.23%
Canadian National Railway0.23%
Barrick Mining0.22%
Sk Square0.22%
National Bank of Canada0.20%
Vinci SA0.20%
Essilorluxottica SA0.20%
Nordea Bank0.20%
Compass Group PLC0.19%
Argenx0.19%
Wheaton Precious Metals0.19%
Samsung Electro Mechanics Ltd0.18%

Weight gaps

The 100 widest of 918 Holdings in both funds.

Holding weights in IEFA and SCHF, widest gap first
Holding	More in IEFAMore in SCHF	IEFA	SCHF
Astrazeneca PLCAZN.L	IEFA +0.23 points	1.13%	0.90%
Roche Ps Par AG	IEFA +0.21 points	1.38%	1.17%
Nestle SA	IEFA +0.17 points	1.06%	0.89%
ShellSHEL.L	IEFA +0.16 points	1.25%	1.09%
Novartis AG	IEFA +0.16 points	1.19%	1.03%
Hsbc Holdings PLCHSBA.L	IEFA +0.15 points	1.17%	1.02%
Bhp Group Ltd	IEFA +0.12 points	0.83%	0.71%
Commonwealth Bank of Australia	IEFA +0.12 points	0.79%	0.67%
Mitsubishi Ufj Financial Group	IEFA +0.12 points	0.94%	0.82%
Unilever PLCULVR.L	IEFA +0.11 points	0.56%	0.45%
Siemens N AG	IEFA +0.10 points	0.86%	0.76%
Recruit Holdings Ltd	IEFA +0.10 points	0.65%	0.55%
Sumitomo Mitsui Financial Group	IEFA +0.09 points	0.60%	0.51%
Ubs Group AG	IEFA +0.09 points	0.60%	0.51%
Hitachi	IEFA +0.08 points	0.57%	0.49%
Sony Group	IEFA +0.07 points	0.58%	0.51%
Aia Group	IEFA +0.08 points	0.40%	0.32%
British American TobaccoBATS.L	IEFA +0.08 points	0.50%	0.42%
Dbs Group Holdings Ltd	IEFA +0.07 points	0.47%	0.40%
Compagnie Financiere Richemont SA	IEFA +0.07 points	0.43%	0.36%
GlaxosmithklineGSK.L	IEFA +0.07 points	0.40%	0.33%
Zurich Insurance Group AG	IEFA +0.07 points	0.45%	0.38%
Advantest	IEFA +0.07 points	0.65%	0.58%
Keyence	IEFA +0.06 points	0.37%	0.31%
Abb Ltd	IEFA +0.06 points	0.53%	0.47%
Fast Retailing	IEFA +0.06 points	0.35%	0.29%
Tokyo Electron	IEFA +0.06 points	0.54%	0.48%
Tokio Marine Holdings	IEFA +0.06 points	0.40%	0.34%
Muenchener Rueckversicherungs-Gese	IEFA +0.05 points	0.32%	0.27%
National Australia Bank	IEFA +0.05 points	0.36%	0.31%
Givaudan SA	IEFA +0.06 points	0.18%	0.12%
Mizuho Financial Group	IEFA +0.06 points	0.46%	0.40%
Iberdrola	IEFA +0.06 points	0.62%	0.56%
Rio TintoRIO.L	IEFA +0.06 points	0.35%	0.29%
Anz Group Holdings Ltd	IEFA +0.05 points	0.35%	0.30%
Bnp Paribas SA	IEFA +0.05 points	0.38%	0.33%
Relx PLCREL.L	IEFA +0.05 points	0.28%	0.23%
Westpac Banking Corporation	IEFA +0.05 points	0.36%	0.31%
Enel	IEFA +0.05 points	0.32%	0.27%
Macquarie Group Ltd Def	IEFA +0.05 points	0.26%	0.21%
Nintendo	IEFA +0.05 points	0.23%	0.18%
Ing Groep	IEFA +0.04 points	0.36%	0.32%
Oversea-Chinese Banking	IEFA +0.05 points	0.30%	0.25%
Wesfarmers	IEFA +0.05 points	0.25%	0.20%
Csl	IEFA +0.04 points	0.27%	0.23%
Takeda Pharmaceutical	IEFA +0.04 points	0.27%	0.23%
Kddi	IEFA +0.04 points	0.21%	0.17%
Bayer AG	IEFA +0.04 points	0.22%	0.18%
Deutsche Boerse AG	IEFA +0.04 points	0.26%	0.22%
Toyota Motor	IEFA +0.04 points	0.74%	0.70%
Unicredit	IEFA +0.04 points	0.44%	0.40%
Mitsubishi	IEFA +0.03 points	0.37%	0.34%
Diageo PLCDGE.L	IEFA +0.04 points	0.21%	0.17%
Lonza Group AG	IEFA +0.03 points	0.22%	0.19%
Teva Pharmaceutical IndustriesTEVA	IEFA +0.04 points	0.20%	0.16%
Tesco PLCTSCO.L	IEFA +0.03 points	0.18%	0.15%
Dhl AG	IEFA +0.03 points	0.24%	0.21%
Softbank Group Corp	IEFA +0.03 points	0.42%	0.39%
Rheinmetall AG	IEFA +0.04 points	0.22%	0.18%
Barclays PLCBARC.L	IEFA +0.03 points	0.30%	0.27%
Industria De Diseno Textil SA	IEFA +0.03 points	0.27%	0.24%
Swiss Re AG	IEFA +0.03 points	0.22%	0.19%
Hermes International	IEFA +0.03 points	0.20%	0.17%
Ntt	IEFA +0.03 points	0.13%	0.10%
Hoya	IEFA +0.03 points	0.22%	0.19%
Eni	IEFA +0.03 points	0.22%	0.19%
Prosus NV Class N	IEFA +0.03 points	0.19%	0.16%
Repsol	IEFA +0.03 points	0.15%	0.12%
Mitsui	IEFA +0.03 points	0.30%	0.27%
Woodside Energy Group Ltd	IEFA +0.03 points	0.18%	0.15%
E.on N	IEFA +0.03 points	0.19%	0.16%
Kioxia Holdings	IEFA +0.02 points	0.39%	0.37%
Galderma Group N AG	IEFA +0.03 points	0.17%	0.14%
Mitsubishi Heavy Industries	IEFA +0.03 points	0.28%	0.25%
Reckitt Benckiser Group PLCRKT.L	IEFA +0.02 points	0.18%	0.16%
Basf N	IEFA +0.03 points	0.21%	0.18%
Genmab	IEFA +0.03 points	0.14%	0.11%
Deutsche Bank AG	IEFA +0.02 points	0.23%	0.21%
Japan Tobacco	IEFA +0.02 points	0.20%	0.18%
Lloyds Banking Group PLCLLOY.L	IEFA +0.02 points	0.29%	0.27%
Softbank	IEFA +0.03 points	0.17%	0.14%
Infineon Technologies AG	IEFA +0.03 points	0.30%	0.27%
Panasonic Holdings	IEFA +0.03 points	0.21%	0.18%
London Stock Exchange Group PLCLSEG.L	IEFA +0.03 points	0.23%	0.20%
Chugai Pharmaceutical Ltd	IEFA +0.03 points	0.12%	0.09%
Sandoz Group AG	IEFA +0.03 points	0.17%	0.14%
Holcim Ltd AG	IEFA +0.02 points	0.17%	0.15%
Experian PLCEXPN.L	IEFA +0.02 points	0.14%	0.12%
Alcon AG	IEFA +0.02 points	0.14%	0.12%
Sse PLCSSE.L	IEFA +0.02 points	0.17%	0.15%
Haleon PLCHLN.L	IEFA +0.02 points	0.15%	0.13%
Rio Tinto	IEFA +0.02 points	0.16%	0.14%
Dsv	IEFA +0.02 points	0.16%	0.14%
Standard Chartered PLCSTAN.L	IEFA +0.02 points	0.19%	0.17%
Orix	IEFA +0.02 points	0.16%	0.14%
Sandvik	IEFA +0.02 points	0.15%	0.13%
United Overseas Bank	IEFA +0.02 points	0.15%	0.13%
Honda Motor	IEFA +0.02 points	0.16%	0.14%
Woolworths Group	IEFA +0.02 points	0.14%	0.12%
Renesas Electronics Corp	IEFA +0.02 points	0.13%	0.11%

All 2,625 IEFA holdings⁠All 1,441 SCHF 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.

IEFA vs SCHF Cost

Overpaying IEFA vs SCHF

$842

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

IEFA 0.07%
$1,480
SCHF 0.03%
$638

Amount$10,000

Years30 years

Cost over time

IEFA 0.07%
SCHF 0.03%
Overpaying

Year by year

Year	IEFA	SCHF	Overpaying
10	$128	$55	$73
20	$503	$216	$287
30	$1,480	$638	$842

Expense ratio

0.07%IEFA
0.03%SCHF, cheaper

SCHF0.03%IEFA0.07%

0.03%0.70%

Middle half of Developed International Core funds
Median 0.10%

SCHF cheapest of 20 funds

IEFA 7th cheapest of 20 funds

IEFA vs SCHF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IEFA 3.41%, better; SCHF 3.12%
Payout (12M): IEFA $3.29; SCHF $0.84
Last payment: IEFA $1.58; SCHF $0.17
Ex-dividend: IEFA Jun 15, 2026; SCHF Jun 24, 2026
Paid on: IEFA Jun 18, 2026; SCHF Jun 29, 2026
Frequency: IEFA Twice a year; SCHF Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

IEFATwice a year · 20 paymentsAll IEFA payments⁠

SCHFTwice a year · 18 paymentsAll SCHF payments⁠

IEFA vs SCHF Risk

Fall from peak · 5 years

IEFA
SCHF

Risk facts

VolatilityStd dev, 3 years: IEFA 11.9%, betterSCHF 12.7%
Return per unit of riskSharpe ratio, 3 years: IEFA 1.20SCHF 1.27, better
Worst fallMax drawdown, 5 years: IEFA −30.0%SCHF −28.8%, better
Market sensitivityBeta, 5 years: IEFA 0.89SCHF 1.03; Market = 1

IEFA and SCHF in the news

All news⁠

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IEFA vs SCHF

In short

Stated mandate

Why people hold it