IEUR vs VEA: Grades, Fees and Holdings Compared

iShares Core MSCI Europe ETF

IEURBNYSE Arca

Vanguard FTSE Developed Markets ETF

VEAANYSE Arca

Overlap

43.6%by weight

Expense ratio

VEA −0.07pt a year

IEUR0.10%VEA0.03%

Avg volume · 30D

VEA 9.7×the volume

IEUR1.06MVEA10.2M

10Y return · a year

IEUR +0.1pt

IEUR+10.0%VEA+9.9%

IEUR vs VEA Performance

Nov 9, 2021 – Nov 9, 2026

+50.0%IEUR+54.3%VEA

Expense ratio: IEUR 0.10%; VEA 0.03%, better
Fund size: IEUR $9.59B; VEA $232B
1Y total return: IEUR +15.6%; VEA +18.4%, better
Yield (12M): IEUR 3.13%, better; VEA 2.44%
Holdings: IEUR 1019; VEA 3947
Avg volume (30D): IEUR 1.06M sh; VEA 10.2M sh, better
NAV per share: IEUR $74.15; VEA $67.77
52W range

ETF.net Grade

Pillar letters and Scores for IEUR, VEA, with each pillar’s weight
Pillar	IEUR	VEA
Cost30% weight	C53	A90Higher
Mission25% weight	A100	A100
Risk15% weight	C44	C48Higher
Tradability15% weight	B67Higher	B60
Holdings10% weight	C45	A78Higher
Durability5% weight	B65	A87Higher

Rank among Developed International Core funds

How we build Categories ›

Same Category. IEUR and VEA 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 ›

VEA ranks 3rd and IEUR 8th of 20 funds in the Developed International Core Category.

Rank 1AIDEViShares Core MSCI International Developed Markets ETFScore 82
Rank 2ASPDWState Street SPDR Portfolio Developed World ex-US ETFScore 81
Rank 3AVEAVanguard FTSE Developed Markets ETFScore 80
Rank 4ASCHFSchwab International Equity ETFScore 79
Rank 7AVGKVanguard FTSE Europe ETFScore 69
Rank 8BIEURiShares Core MSCI Europe ETFScore 65
Rank 9BBBINJPMorgan BetaBuilders International Equity ETFScore 61

Our read on each fund

ETF.net Research

IEURBiShares Core MSCI Europe ETF

VEAAVanguard FTSE Developed Markets ETF

In short

IEUR Europe in one line item: developed markets from London to Zurich, blue chips down to small caps, roughly a thousand stocks for 0.10% a year. No Japan, no Canada, no US filler.

VEA Everything developed outside the US in one line item: roughly 3,900 stocks across Canada, Europe and the Pacific, small caps included. Vanguard has run it since 2007 at three basis points.

Stated mandate

IEUR The fund seeks to track an index representing large-, mid-, and small-cap equities from developed European markets.

VEA Seeks to track the FTSE Developed All Cap ex US Index through an indexing strategy investing substantially all assets in the index’s large-, mid-, and small-cap stocks across Canada, Europe, and the Pacific region.

Why people hold it

IEUR Charges 0.10% a year, comfortably below the typical fee among developed-international index funds.
Reaches past the blue chips. The MSCI Europe IMI benchmark spans large-, mid- and small-cap developed Europe, about 1,000 names, so you own the continent's second tier too.ishares.com
Hugs its index about as closely as an index fund can, which is the whole job here. One of the stronger implementations in its peer group.
A multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part.

VEA Charges 0.03% a year against a 0.18% median for its peer group. Low cost is the whole point of index exposure, and this sits at the cheap end of it.
The index reaches down to small caps and keeps Canada in, so you own about 3,900 companies across Canada, Europe and the Pacific, not just the mega-cap layer.vanguard.com
Tracks its FTSE benchmark closely and trades in heavy volume, which keeps the spread to get in or out slim, whether the order is small or institutional.
Live since 2007 and one of the largest international stock funds on the market. Distributions come quarterly.

Worth knowing

IEUR Europe only. It is a slice, not a full international sleeve: no Japan, Canada or Australia the way broader developed ex-US funds like VEA or SCHF carry them.
VGK covers developed Europe for 0.06%. Pennies a year, but pennies compound.
No currency hedge. Holdings earn in euros, pounds and francs, so exchange-rate moves land in your dollar result alongside the stocks themselves.ishares.com

VEA Developed markets only, and no US stocks. Emerging markets and the home market sit outside the mandate entirely.vanguard.com
The 0.03% fee is matched, not owned: SPDW and SCHF price the same and IDEV is a hair above. The separator here is index construction, not cost.
Plain index exposure, no buffer or downside protection. Foreign markets and the small-cap sleeve can swing hard, and the fund holds the full ride.

Full IEUR profile⁠

Full VEA profile⁠

IEUR vs VEA Holdings

How IEUR and VEA differ

Overlap by weight

43.6%

Shared holdings make up 95.1% of IEUR and 43.6% of VEA.

Level by level

Holdings906 in both43.6%
Countryby domicile46.5%
Sector11 Sectors87.8%
Asset classStocks100%

Sector

Sector weights in IEUR and VEA, widest gap first
Sector	Gap	IEUR	VEA
Technology	VEA +8.7 points	8.0%	16.7%
Health Care	IEUR +5.8 points	13.6%	7.8%
Consumer Staples	IEUR +3.5 points	8.7%	5.2%
Utilities	IEUR +1.7 points	4.7%	3.0%
Materials	VEA +1.6 points	5.7%	7.3%
Real Estate	VEA +0.9 points	1.4%	2.3%
Industrials	IEUR +0.7 points	18.4%	17.7%
Financials	VEA +0.6 points	23.7%	24.3%
Energy	IEUR +0.4 points	5.5%	5.1%
Consumer Discretionary	VEA +0.3 points	6.7%	7.0%
Communication	VEA +0.1 points	3.4%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in IEUR and VEA, widest gap first
Country	Gap	IEUR	VEA
Japan	VEA +21.9 points	0.0%	21.9%
United Kingdom	IEUR +12.7 points	23.8%	11.1%
Canada	VEA +10.8 points	0.0%	10.8%
South Korea	VEA +9.2 points	0.0%	9.2%
Switzerland	IEUR +8.4 points	15.0%	6.6%
France	IEUR +7.6 points	14.2%	6.6%
Germany	IEUR +7.3 points	13.5%	6.2%
Australia	VEA +5.6 points	0.0%	5.6%
Other countries (17)	IEUR +11.5 points	33.5%	22.0%

Outside the US: IEUR 100% developed, 0% emerging. VEA 89% developed, 11% emerging.

Concentration

Weight in the 10 largest Holdings

IEUR19.3%
VEA13.5%

Securities held

IEUR1,010
VEA3,921

Asset class

IEUR: Stocks
VEA: Stocks

Holdings

Only in IEUR104
In both906
Only in VEA3,015

Only in IEUR

104 securities, 4.5% of IEUR by weight

Spotify Technology0.58%
Nordea Bank0.36%
Basf N0.34%
Ferrari0.33%
Adidas N AG0.21%
Ferrovial NV0.19%
Aercap Holdings0.17%
Stmicroelectronics0.17%
Nebius NV Class A0.17%
Aib Group PLC0.16%
Coca Cola Europacific Partners PLC0.16%
Edp Energias De Portugal0.11%
Bt Group PLC0.11%
Kerry Group PLC0.11%
Henkel & Kgaa Pref AG0.09%
Vonovia SE0.09%
Upm-Kymmene0.09%
Banco Comercial Portugues SA0.07%
Stellantis0.06%
Galp Energia Sgps SA Class B0.06%
Sartorius Pref AG0.06%
Millicom International Cellular0.05%
International Airlines Group0.04%
Dr Ing Hc F Porsche Prf AG0.04%
Edp Renewables SA0.04%
Jeronimo Martins SA0.04%
Octave Intelligence Sdr PLC0.03%
Porsche Automobil Holding Pref0.03%
Davide Campari Milano NV0.03%
Glanbia PLC0.03%
Renk Group AG0.02%
Rosebank Industries PLC0.02%
Sonae SA0.02%
Bilfinger0.02%
Torm PLC Class A0.02%
JET2 PLC0.02%
Ren Redes Energeticas Nacionais SA0.01%
Yellow Cake PLC0.01%
Saf-Holland0.01%
Louis Hachette Group SA0.01%
Aroundtown SA0.01%
Puuilo0.01%
Gamma Communications<0.01%
Cvs Group PLC<0.01%
Nos Sgps SA<0.01%
Sparebank Nord-Norge<0.01%
Sigmaroc PLC<0.01%
Kier Group PLC<0.01%
Jungheinrich Pref AG<0.01%
Pharming Group<0.01%

Only in VEA

3,015 securities, 56.6% of VEA by weight

Samsung Electronics Co Ltd2.80%
SK hynix Inc2.28%
SLBBH11421.06%
Royal Bank of Canada0.85%
Mitsubishi UFJ Financial Group Inc0.78%
BHP Group Ltd0.66%
Toronto-Dominion Bank/The0.60%
Toyota Motor Corp0.59%
Shopify Inc0.56%
Commonwealth Bank of Australia0.54%
Tokyo Electron Ltd0.51%
Advantest Corp0.49%
Sumitomo Mitsui Financial Group Inc0.49%
Hitachi Ltd0.47%
SoftBank Group Corp0.47%
Recruit Holdings Co Ltd0.44%
Sony Group Corp0.43%
Kioxia Holdings Corp0.41%
Mizuho Financial Group Inc0.40%
DBS Group Holdings Ltd0.38%
Bank of Montreal0.36%
Samsung Electronics-Pref0.35%
Bank of Nova Scotia/The0.34%
Enbridge Inc0.32%
Canadian Imperial Bank of Commerce0.31%
AIA Group Ltd0.30%
Canadian Natural Resources Ltd0.30%
Mitsubishi Corp0.29%
Keyence Corp0.29%
Tokio Marine Holdings Inc0.29%
Agnico Eagle Mines Ltd0.29%
ITOCHU Corp0.27%
Murata Manufacturing Co Ltd0.27%
EURO STOXX 50 Dec260.26%
National Australia Bank Ltd0.26%
Westpac Banking Corp0.26%
Fast Retailing Co Ltd0.25%
Oversea-Chinese Banking Corp Ltd0.25%
Suncor Energy Inc0.25%
ANZ Group Holdings Ltd0.25%
Mitsubishi Heavy Industries Ltd0.25%
Eur/Usd Fwd 202612160.24%
Mitsui & Co Ltd0.24%
Brookfield Corp0.23%
Canadian Pacific Kansas City Ltd0.23%
Air Liquide SA0.23%
SK Square Co Ltd0.23%
TOPIX INDX FUTR Dec260.22%
Manulife Financial Corp0.22%
Shin-Etsu Chemical Co Ltd0.21%

Weight gaps

The 100 widest of 906 Holdings in both funds.

Holding weights in IEUR and VEA, widest gap first
Holding	Gap	IEUR	VEA
Asml Holding	IEUR +1.49 points	3.62%	2.13%
Roche Ps Par AG	IEUR +1.28 points	2.18%	0.90%
Novartis AG	IEUR +1.12 points	1.94%	0.82%
Astrazeneca PLCAZN.L	IEUR +1.08 points	1.83%	0.74%
Nestle SA	IEUR +1.04 points	1.76%	0.72%
ShellSHEL.L	IEUR +1.02 points	1.87%	0.85%
Sap	IEUR +0.92 points	1.55%	0.63%
Hsbc Holdings PLCHSBA.L	IEUR +0.91 points	1.95%	1.04%
Lair Liquide Societe Anonyme Pour	IEUR +0.73 points	0.85%	0.12%
Siemens N AG	IEUR +0.70 points	1.39%	0.69%
Allianz	IEUR +0.69 points	1.24%	0.55%
Loreal SA	IEUR +0.68 points	0.78%	0.10%
Totalenergies	IEUR +0.59 points	1.12%	0.53%
Iberdrola	IEUR +0.54 points	1.02%	0.48%
Unilever PLCULVR.L	IEUR +0.53 points	0.92%	0.39%
Ubs Group AG	IEUR +0.52 points	0.98%	0.46%
Banco Santander	IEUR +0.49 points	1.11%	0.62%
Novo Nordisk Class B	IEUR +0.47 points	0.84%	0.37%
Airbus Group	IEUR +0.46 points	0.85%	0.39%
British American TobaccoBATS.L	IEUR +0.45 points	0.79%	0.34%
Banco Bilbao Vizcaya Argentaria	IEUR +0.44 points	0.92%	0.48%
Zurich Insurance Group AG	IEUR +0.43 points	0.74%	0.31%
Rolls-Royce Holdings PLCRR.L	IEUR +0.42 points	0.92%	0.50%
Bp PLCBP.L	IEUR +0.41 points	0.76%	0.35%
Lvmh	IEUR +0.40 points	0.73%	0.33%
Sanofi SA	IEUR +0.39 points	0.66%	0.27%
Abb Ltd	IEUR +0.38 points	0.83%	0.45%
Compagnie Financiere Richemont SA	IEUR +0.38 points	0.73%	0.35%
GlaxosmithklineGSK.L	IEUR +0.36 points	0.66%	0.30%
Schneider Electric	IEUR +0.36 points	0.91%	0.55%
Unicredit	IEUR +0.34 points	0.75%	0.41%
Safran SA	IEUR +0.34 points	0.74%	0.40%
Bnp Paribas SA	IEUR +0.34 points	0.66%	0.32%
Deutsche Telekom N AG	IEUR +0.33 points	0.64%	0.31%
Muenchener Rueckversicherungs-Gese	IEUR +0.31 points	0.53%	0.22%
Enel	IEUR +0.30 points	0.53%	0.23%
National Grid PLCNG.L	IEUR +0.31 points	0.54%	0.23%
Siemens Energy N AG	IEUR +0.30 points	0.67%	0.37%
Ing Groep	IEUR +0.29 points	0.60%	0.31%
Relx PLCREL.L	IEUR +0.28 points	0.46%	0.18%
Rio TintoRIO.L	IEUR +0.28 points	0.58%	0.30%
Intesa Sanpaolo	IEUR +0.28 points	0.63%	0.35%
Anheuser-Busch Inbev SA	IEUR +0.28 points	0.49%	0.21%
Axa SA	IEUR +0.27 points	0.51%	0.24%
Investor Class B	IEUR +0.27 points	0.49%	0.22%
Essilorluxottica SA	IEUR +0.26 points	0.41%	0.15%
Industria De Diseno Textil SA	IEUR +0.26 points	0.47%	0.21%
Engie SA	IEUR +0.26 points	0.31%	0.05%
Barclays PLCBARC.L	IEUR +0.25 points	0.50%	0.25%
Deutsche Boerse AG	IEUR +0.24 points	0.42%	0.18%
Bae Systems PLCBA.L	IEUR +0.24 points	0.47%	0.23%
Bayer AG	IEUR +0.24 points	0.40%	0.16%
Lloyds Banking Group PLCLLOY.L	IEUR +0.24 points	0.49%	0.25%
Lonza Group AG	IEUR +0.22 points	0.37%	0.15%
Diageo PLCDGE.L	IEUR +0.21 points	0.36%	0.15%
Compass Group PLCCPG.L	IEUR +0.22 points	0.37%	0.15%
London Stock Exchange Group PLCLSEG.L	IEUR +0.21 points	0.36%	0.15%
Dhl AG	IEUR +0.21 points	0.39%	0.18%
Deutsche Bank AG	IEUR +0.20 points	0.39%	0.19%
Skandinaviska Enskilda Banken	IEUR +0.20 points	0.20%	<0.01%
Givaudan SA	IEUR +0.20 points	0.30%	0.10%
Vinci SA	IEUR +0.20 points	0.38%	0.18%
Swiss Re AG	IEUR +0.20 points	0.35%	0.15%
Argenx	IEUR +0.19 points	0.37%	0.18%
Natwest Group PLCNWG.L	IEUR +0.19 points	0.41%	0.22%
Tesco PLCTSCO.L	IEUR +0.18 points	0.30%	0.12%
Prosus NV Class N	IEUR +0.18 points	0.33%	0.15%
E.on N	IEUR +0.18 points	0.31%	0.13%
Hermes International	IEUR +0.18 points	0.34%	0.16%
Reckitt Benckiser Group PLCRKT.L	IEUR +0.18 points	0.31%	0.13%
Danone SA	IEUR +0.18 points	0.31%	0.13%
Eni	IEUR +0.18 points	0.33%	0.15%
Glencore PLCGLEN.L	IEUR +0.17 points	0.40%	0.23%
Holcim Ltd AG	IEUR +0.18 points	0.30%	0.12%
Sandoz Group AG	IEUR +0.17 points	0.28%	0.11%
Ucb SA	IEUR +0.17 points	0.26%	0.09%
Galderma Group N AG	IEUR +0.17 points	0.28%	0.11%
Dsv	IEUR +0.16 points	0.27%	0.11%
Infineon Technologies AG	IEUR +0.16 points	0.43%	0.27%
Volvo Class B	IEUR +0.16 points	0.32%	0.16%
Standard Chartered PLCSTAN.L	IEUR +0.16 points	0.32%	0.16%
Sse PLCSSE.L	IEUR +0.16 points	0.28%	0.12%
Anglo American PLCAAL.L	IEUR +0.16 points	0.34%	0.18%
Assa Abloy B	IEUR +0.15 points	0.26%	0.11%
Experian PLCEXPN.L	IEUR +0.15 points	0.24%	0.09%
Atlas Copco Class A	IEUR +0.15 points	0.31%	0.16%
Alcon AG	IEUR +0.14 points	0.24%	0.10%
Genmab	IEUR +0.15 points	0.21%	0.06%
Caixabank SA	IEUR +0.14 points	0.30%	0.16%
Societe Generale SA	IEUR +0.14 points	0.30%	0.16%
Haleon PLCHLN.L	IEUR +0.14 points	0.26%	0.12%
Erste Group Bank AG	IEUR +0.13 points	0.25%	0.12%
Compagnie De Saint Gobain SA	IEUR +0.13 points	0.24%	0.11%
Repsol	IEUR +0.13 points	0.24%	0.11%
Sandvik	IEUR +0.12 points	0.24%	0.12%
Rheinmetall AG	IEUR +0.13 points	0.28%	0.15%
Swiss Life Holding AG	IEUR +0.12 points	0.21%	0.09%
Rwe AG	IEUR +0.12 points	0.27%	0.15%
Koninklijke Ahold Delhaize	IEUR +0.12 points	0.22%	0.10%
Swedbank	IEUR +0.12 points	0.22%	0.10%

All 1,010 IEUR holdings⁠All 3,903 VEA 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.

IEUR vs VEA Cost

Overpaying IEUR vs VEA

$1,468

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

IEUR 0.10%
$2,106
VEA 0.03%
$638

Amount$10,000

Years30 years

Cost over time

IEUR 0.10%
VEA 0.03%
Overpaying

Year by year

Year	IEUR	VEA	Overpaying
10	$183	$55	$128
20	$717	$216	$501
30	$2,106	$638	$1,468

Expense ratio

0.10%IEUR
0.03%VEA, cheaper

VEA0.03%IEUR0.10%

0.03%0.70%

Middle half of Developed International Core funds
Median 0.10%

VEA cheapest of 20 funds

IEUR 11th cheapest of 20 funds

IEUR vs VEA Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IEUR 3.13%, better; VEA 2.44%
Payout (12M): IEUR $2.39; VEA $1.70
Last payment: IEUR $1.54; VEA $0.18
Ex-dividend: IEUR Jun 15, 2026; VEA Sep 18, 2026
Paid on: IEUR Jun 18, 2026; VEA Sep 22, 2026
Frequency: IEUR Twice a year; VEA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IEURTwice a year · 20 paymentsAll IEUR payments⁠

VEAQuarterly · 39 paymentsAll VEA payments⁠

IEUR vs VEA Risk

Fall from peak · 5 years

IEUR
VEA

Risk facts

VolatilityStd dev, 3 years: IEUR 13.0%VEA 12.9%, better
Return per unit of riskSharpe ratio, 3 years: IEUR 1.10VEA 1.25, better
Worst fallMax drawdown, 5 years: IEUR −32.5%VEA −29.2%, better
Market sensitivityBeta, 5 years: IEUR 0.84VEA 0.97; Market = 1

IEUR and VEA in the news

All news⁠

Head-to-Head
VEA over SCHF if this is your only developed-markets fund
Nov 4, 2026VEA
Best ETFs
Best international ETFs: one cheap fund, then the Korea choice
Updated Nov 2, 2026VEA
Best ETFs
Vanguard's total international fund is the one-fund pick, and Korea splits the rest
Updated Oct 2, 2026VEA
First-Year Review
Vanguard Emerging Markets ex-China returned 27.4%; iShares MSCI ex China returned 48.6%
Oct 1, 2026VEA
ETF Filings
Transamerica files TAVI, a Great Lakes EAFE ETF, as a $4.27 billion fund changes sub-adviser
Sep 22, 2026VEA
Deep Dive
Hedged Japan funds rose 0.7% as the yen fell; VGK dropped 1.8%
Sep 20, 2026VEA

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IEUR vs VEA

In short

Stated mandate

Why people hold it