IEUR vs VGK: Grades, Fees and Holdings Compared

iShares Core MSCI Europe ETF

IEURBNYSE Arca

Vanguard FTSE Europe ETF

VGKANYSE Arca

Overlap

86.7%by weight

Expense ratio

VGK −0.04pt a year

IEUR0.10%VGK0.06%

Avg volume · 30D

VGK 2.1×the volume

IEUR1.06MVGK2.25M

10Y return · a year

VGK +0.1pt

IEUR+10.0%VGK+10.1%

IEUR vs VGK Performance

Nov 9, 2021 – Nov 9, 2026

+50.0%IEUR+51.4%VGK

Expense ratio: IEUR 0.10%; VGK 0.06%, better
Fund size: IEUR $9.59B; VGK $29.6B
1Y total return: IEUR +15.6%; VGK +16.0%, better
Yield (12M): IEUR 3.13%, better; VGK 2.87%
Holdings: IEUR 1019; VGK 1267
Avg volume (30D): IEUR 1.06M sh; VGK 2.25M sh, better
NAV per share: IEUR $74.15; VGK $87.38
52W range

ETF.net Grade

Pillar letters and Scores for IEUR, VGK, with each pillar’s weight
Pillar	IEUR	VGK
Cost30% weight	C53	A75Higher
Mission25% weight	A100	A100
Risk15% weight	C44	C44
Tradability15% weight	B67Higher	C48
Holdings10% weight	C45	C46Higher
Durability5% weight	B65	A73Higher

Rank among Developed International Core funds

How we build Categories ›

Same Category. IEUR and VGK 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 ›

VGK ranks 7th and IEUR 8th of 20 funds in the Developed International Core Category.

Rank 6ABKIEBNY Mellon International Equity ETFScore 72
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

VGKAVanguard FTSE Europe 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.

VGK Most cheap international funds blend Europe with Japan, Canada and the rest. VGK is the Europe-only cut: roughly 1,200 developed European stocks, large-cap down to small-cap, for 0.06% a year.

Stated mandate

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

VGK The fund seeks to track the FTSE Developed Europe All Cap Index through passive, full replication of European common stocks across developed markets.

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.

VGK 0.06% a year, one third the typical fee in its developed-international peer group.
All-cap and fully replicated: it owns the index's roughly 1,200 names outright rather than sampling a slice of them.
Tracks the FTSE Developed Europe All Cap Index tightly, one of the strongest implementations among its 26 developed-market peers.
Trading since 2005 and now a multi-billion-dollar fund that changes hands actively every session.

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

VGK One region, full stop. No US, Japan or emerging markets here, so it behaves like a slice of a portfolio, not the whole thing.
Broad developed-market siblings like VEA, SCHF and SPDW run at 0.03%. The European focus costs a few extra basis points.
Income arrives quarterly, not monthly.

Full IEUR profile⁠

Full VGK profile⁠

IEUR vs VGK Holdings

How IEUR and VGK differ

Overlap by weight

86.7%

Shared holdings make up 95.1% of IEUR and 90.9% of VGK.

Level by level

Holdings906 in both86.7%
Countryby domicile95.4%
Sector11 Sectors95.8%
Asset classStocks100%

Sector

Sector weights in IEUR and VGK, widest gap first
Sector	Gap	IEUR	VGK
Financials	VGK +1.7 points	23.7%	25.4%
Health Care	IEUR +1.5 points	13.6%	12.1%
Technology	VGK +1.4 points	8.0%	9.4%
Consumer Staples	IEUR +1.2 points	8.7%	7.5%
Industrials	VGK +1.1 points	18.4%	19.5%
Communication	IEUR +0.6 points	3.4%	2.8%
Utilities	IEUR +0.3 points	4.7%	4.4%
Materials	IEUR +0.3 points	5.7%	5.4%
Consumer Discretionary	IEUR +0.1 points	6.7%	6.6%
Energy	VGK +0.1 points	5.5%	5.5%
Real Estate	Same weight	1.4%	1.4%

Country, concentration and asset class

Country by domicile

Country weights in IEUR and VGK, widest gap first
Country	Gap	IEUR	VGK
Switzerland	IEUR +1.3 points	15.0%	13.7%
Poland	VGK +1.1 points	0.0%	1.1%
Sweden	IEUR +0.8 points	6.3%	5.5%
United Kingdom	IEUR +0.8 points	23.8%	23.0%
Austria	VGK +0.8 points	0.0%	0.8%
Greece	VGK +0.6 points	0.0%	0.6%
Ireland	VGK +0.6 points	0.0%	0.6%
Germany	IEUR +0.6 points	13.5%	12.9%
Other countries (9)	VGK +0.4 points	41.4%	41.8%

Outside the US: IEUR 100% developed, 0% emerging. VGK 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

IEUR19.3%
VGK19.0%

Securities held

IEUR1,010
VGK1,255

Asset class

IEUR: Stocks
VGK: Stocks

Holdings

Only in IEUR104
In both906
Only in VGK349

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 VGK

349 securities, 9.8% of VGK by weight

MSCI Europe Dec260.58%
Eur/Usd Fwd 202612160.52%
Air Liquide SA0.48%
L'Oreal SA0.45%
SLBBH11420.44%
Nordea Bank Abp0.41%
Basf SE0.32%
Ferrari NV0.30%
Usd/Chf Fwd 202612160.22%
STMicroelectronics NV0.22%
Engie SA0.21%
Powszechna Kasa Oszczednosci Bank Polski SA0.18%
AIB Group PLC0.17%
adidas AG0.17%
Ferrovial NV0.17%
Shell PLC0.15%
Orlen SA0.14%
Investor AB0.13%
Amrize Ltd0.13%
Coca-Cola Europacific Partners PLC0.13%
National Bank of Greece SA0.11%
Edp SA0.10%
Kerry Group PLC0.10%
UPM-Kymmene Oyj0.09%
BT Group PLC0.09%
Vonovia SE0.09%
Usd/Gbp Fwd 202612160.09%
Air Liquide SA - Pf - 20280.09%
Eurobank SA0.09%
Allegro.eu SA0.09%
Piraeus Bank SA0.08%
Bank Polska Kasa Opieki SA0.08%
Henkel AG & Co Kgaa Vor-Pref0.08%
International Consolidated Airlines Group SA0.08%
Banco Comercial Portugues SA0.08%
KGHM Polska Miedz SA0.07%
Powszechny Zaklad Ubezpieczen SA0.07%
EURO STOXX 50 Dec260.07%
Galp Energia SGPS SA0.06%
Beazley PLC0.06%
Erste Bank Polska SA0.06%
Usd/Sek Fwd 202612160.06%
Alpha Bank SA0.06%
Lpp SA0.05%
Public Power Corp SA0.05%
Eur/Usd Fwd 202610020.05%
Volvo AB0.04%
Schroders PLC0.04%
Stellantis NV0.04%
Technoprobe SpA0.04%

Weight gaps

The 100 widest of 906 Holdings in both funds.

Holding weights in IEUR and VGK, widest gap first
Holding	Gap	IEUR	VGK
Asml Holding	VGK +0.83 points	3.62%	4.45%
Lair Liquide Societe Anonyme Pour	IEUR +0.63 points	0.85%	0.22%
Loreal SA	IEUR +0.60 points	0.78%	0.18%
Roche Ps Par AG	IEUR +0.30 points	2.18%	1.88%
Astrazeneca PLCAZN.L	IEUR +0.27 points	1.83%	1.56%
Nestle SA	IEUR +0.26 points	1.76%	1.50%
ShellSHEL.L	IEUR +0.24 points	1.87%	1.63%
Sap	IEUR +0.24 points	1.55%	1.31%
Schneider Electric	VGK +0.24 points	0.91%	1.15%
Hsbc Holdings PLCHSBA.L	VGK +0.23 points	1.95%	2.18%
Novartis AG	IEUR +0.23 points	1.94%	1.71%
Engie SA	IEUR +0.21 points	0.31%	0.10%
Skandinaviska Enskilda Banken	IEUR +0.20 points	0.20%	<0.01%
Banco Santander	VGK +0.18 points	1.11%	1.29%
Rolls-Royce Holdings PLCRR.L	VGK +0.12 points	0.92%	1.04%
Infineon Technologies AG	VGK +0.13 points	0.43%	0.56%
Siemens Energy N AG	VGK +0.11 points	0.67%	0.78%
Abb Ltd	VGK +0.11 points	0.83%	0.94%
Unilever PLCULVR.L	IEUR +0.11 points	0.92%	0.81%
Intesa Sanpaolo	VGK +0.10 points	0.63%	0.73%
Essilorluxottica SA	IEUR +0.10 points	0.41%	0.31%
Unicredit	VGK +0.10 points	0.75%	0.85%
Zurich Insurance Group AG	IEUR +0.10 points	0.74%	0.64%
Givaudan SA	IEUR +0.10 points	0.30%	0.20%
Allianz	IEUR +0.09 points	1.24%	1.15%
Relx PLCREL.L	IEUR +0.09 points	0.46%	0.37%
Safran SA	VGK +0.09 points	0.74%	0.83%
Sanofi SA	IEUR +0.09 points	0.66%	0.57%
Banco Bilbao Vizcaya Argentaria	VGK +0.09 points	0.92%	1.01%
British American TobaccoBATS.L	IEUR +0.08 points	0.79%	0.71%
Ucb SA	IEUR +0.08 points	0.26%	0.18%
Asm International NV	VGK +0.08 points	0.22%	0.30%
Glencore PLCGLEN.L	VGK +0.08 points	0.40%	0.48%
Nokia	VGK +0.08 points	0.25%	0.33%
Genmab	IEUR +0.07 points	0.21%	0.14%
Novo Nordisk Class B	IEUR +0.06 points	0.84%	0.78%
Muenchener Rueckversicherungs-Gese	IEUR +0.07 points	0.53%	0.46%
Assicurazioni Generali	VGK +0.07 points	0.23%	0.30%
Lonza Group AG	IEUR +0.06 points	0.37%	0.31%
Siemens N AG	VGK +0.06 points	1.39%	1.45%
Natwest Group PLCNWG.L	VGK +0.06 points	0.41%	0.47%
Prysmian	VGK +0.06 points	0.20%	0.26%
Ing Groep	VGK +0.06 points	0.60%	0.66%
Sandoz Group AG	IEUR +0.06 points	0.28%	0.22%
Tesco PLCTSCO.L	IEUR +0.05 points	0.30%	0.25%
Bayer AG	IEUR +0.06 points	0.40%	0.34%
Diageo PLCDGE.L	IEUR +0.05 points	0.36%	0.31%
Enel	IEUR +0.05 points	0.53%	0.48%
Dsv	IEUR +0.05 points	0.27%	0.22%
Experian PLCEXPN.L	IEUR +0.05 points	0.24%	0.19%
Galderma Group N AG	IEUR +0.04 points	0.28%	0.24%
National Grid PLCNG.L	IEUR +0.05 points	0.54%	0.49%
Lloyds Banking Group PLCLLOY.L	VGK +0.04 points	0.49%	0.53%
Investor Class B	IEUR +0.05 points	0.49%	0.44%
Rio TintoRIO.L	VGK +0.04 points	0.58%	0.62%
Anheuser-Busch Inbev SA	IEUR +0.04 points	0.49%	0.45%
GlaxosmithklineGSK.L	IEUR +0.04 points	0.66%	0.62%
Compass Group PLCCPG.L	IEUR +0.05 points	0.37%	0.32%
Anglo American PLCAAL.L	VGK +0.04 points	0.34%	0.38%
London Stock Exchange Group PLCLSEG.L	IEUR +0.04 points	0.36%	0.32%
Deutsche Boerse AG	IEUR +0.04 points	0.42%	0.38%
Societe Generale SA	VGK +0.04 points	0.30%	0.34%
Holcim Ltd AG	IEUR +0.04 points	0.30%	0.26%
Rheinmetall AG	VGK +0.04 points	0.28%	0.32%
Airbus Group	IEUR +0.04 points	0.85%	0.81%
Wolters Kluwer	IEUR +0.04 points	0.15%	0.11%
E.on N	IEUR +0.04 points	0.31%	0.27%
Rwe AG	VGK +0.04 points	0.27%	0.31%
Alcon AG	IEUR +0.04 points	0.24%	0.20%
Caixabank SA	VGK +0.04 points	0.30%	0.34%
Heidelberg Materials AG	IEUR +0.04 points	0.17%	0.13%
Ryanair Holdings PLC	IEUR +0.04 points	0.08%	0.04%
Danone SA	IEUR +0.04 points	0.31%	0.27%
Assa Abloy B	IEUR +0.04 points	0.26%	0.22%
Reckitt Benckiser Group PLCRKT.L	IEUR +0.04 points	0.31%	0.27%
Imperial Brands PLCIMB.L	IEUR +0.03 points	0.19%	0.16%
Industria De Diseno Textil SA	IEUR +0.04 points	0.47%	0.43%
Lvmh	IEUR +0.03 points	0.73%	0.70%
Swiss Re AG	IEUR +0.04 points	0.35%	0.31%
Fresenius N	IEUR +0.03 points	0.16%	0.13%
Amadeus It Group	IEUR +0.03 points	0.19%	0.16%
Koninklijke Philips	IEUR +0.03 points	0.15%	0.12%
Heineken NV	IEUR +0.03 points	0.16%	0.13%
Barclays PLCBARC.L	VGK +0.02 points	0.50%	0.52%
Swisscom AG	IEUR +0.03 points	0.15%	0.12%
Vat Group AG	VGK +0.03 points	0.11%	0.14%
Atlas Copco Class A	VGK +0.02 points	0.31%	0.33%
Sodexo SA	IEUR +0.03 points	0.04%	<0.01%
Universal Music Group	IEUR +0.03 points	0.13%	0.10%
Swiss Life Holding AG	IEUR +0.02 points	0.21%	0.19%
Dassault Systemes	IEUR +0.02 points	0.12%	0.10%
Sampo Class A	IEUR +0.03 points	0.17%	0.14%
Ubs Group AG	IEUR +0.03 points	0.98%	0.95%
Heineken Holding NV	IEUR +0.02 points	0.07%	0.05%
Bp PLCBP.L	IEUR +0.02 points	0.76%	0.74%
Prosus NV Class N	IEUR +0.02 points	0.33%	0.31%
Sse PLCSSE.L	IEUR +0.02 points	0.28%	0.26%
Be Semiconductor Industries NV	VGK +0.02 points	0.07%	0.10%
Commerzbank AG	VGK +0.02 points	0.17%	0.19%
The Sage GroupSGE.L	IEUR +0.03 points	0.10%	0.07%

All 1,010 IEUR holdings⁠All 1,243 VGK 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 VGK Cost

Overpaying IEUR vs VGK

$836

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

IEUR 0.10%
$2,106
VGK 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

IEUR 0.10%
VGK 0.06%
Overpaying

Year by year

Year	IEUR	VGK	Overpaying
10	$183	$110	$73
20	$717	$432	$285
30	$2,106	$1,270	$836

Expense ratio

0.10%IEUR
0.06%VGK, cheaper

VGK0.06%IEUR0.10%

0.03%0.70%

Middle half of Developed International Core funds
Median 0.10%

VGK 6th cheapest of 20 funds

IEUR 11th cheapest of 20 funds

IEUR vs VGK Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IEUR 3.13%, better; VGK 2.87%
Payout (12M): IEUR $2.39; VGK $2.58
Last payment: IEUR $1.54; VGK $0.22
Ex-dividend: IEUR Jun 15, 2026; VGK Sep 18, 2026
Paid on: IEUR Jun 18, 2026; VGK Sep 22, 2026
Frequency: IEUR Twice a year; VGK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IEURTwice a year · 20 paymentsAll IEUR payments⁠

VGKQuarterly · 39 paymentsAll VGK payments⁠

IEUR vs VGK Risk

Fall from peak · 5 years

IEUR
VGK

Risk facts

VolatilityStd dev, 3 years: IEUR 13.0%VGK 12.9%, better
Return per unit of riskSharpe ratio, 3 years: IEUR 1.10VGK 1.12, better
Worst fallMax drawdown, 5 years: IEUR −32.5%VGK −32.5%
Market sensitivityBeta, 5 years: IEUR 0.84VGK 0.85; Market = 1

IEUR and VGK in the news

All news⁠

Deep Dive
Hedged Japan funds rose 0.7% as the yen fell; VGK dropped 1.8%
Sep 20, 2026VGK
Closing Bell
The 10-year yield climbs back to 5.01% two days after the Fed hike
Sep 18, 2026IEUR
News
Von der Leyen puts a €1 billion-a-day China deficit and a minerals buyer on the table
Sep 16, 2026VGK
Deep Dive
Unhedged Japan funds rose 0.3% on the yen; VGK fell 1.9% after the ECB hike
Sep 13, 2026VGK
Deep Dive
Unhedged Japan rose 2.5% on the yen; Europe funds slipped
Sep 5, 2026VGK

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IEUR vs VGK

In short

Stated mandate

Why people hold it