ETF Versus

EFA vs EWU

iShares MSCI EAFE ETF vs iShares MSCI United Kingdom ETF

Last updated: 2026-04-10

EFA iShares

iShares MSCI EAFE ETF (EFA) is an exchange-traded fund issued by iShares that provides exposure to equities in developed international markets outside the U.S.. It charges an above-average expense ratio of 0.32%. The fund offers an attractive dividend yield of 3.18%. Launched in 2001, the fund has a 25-year track record.

AUM: $75.4B ER: 0.32% Yield: 3.18% Since: Aug 14, 2001
EWU iShares

iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund issued by iShares that provides exposure to uk equity securities. It charges an above-average expense ratio of 0.50%. The fund offers an attractive dividend yield of 3.44%. Launched in 1996, the fund has a 30-year track record.

AUM: $3.5B ER: 0.50% Yield: 3.44% Since: Mar 12, 1996

Quick Verdict

EFA is significantly cheaper at 0.32% vs 0.50% expense ratio, saving you approximately $348 per $10,000 invested over 10 years. EWU has edged ahead over the past year (37.5% vs 32.6%).

Key Metrics

Metric EFA EWU
Expense Ratio 0.32% 0.50%
Dividend Yield 3.2% 3.4%
Fund Family iShares iShares
Category International Developed UK Equity

Performance Chart

Indexed to 100 at start (5-year comparison)

70 87 104 121 138 155 2021-04 2022-07 2023-10 2025-01 2026-04
EFA +31.7%
EWU +48.8%

Performance Comparison

Period EFA EWU Difference
1 Month +3.15% +2.92% +0.23%
3 Months +2.73% +5.70% -2.97%
6 Months +9.84% +13.50% -3.66%
YTD +5.24% +7.20% -1.96%
1 Year +32.56% +37.47% -4.91%
3 Years +41.58% +43.77% -2.19%
5 Years +31.67% +48.84% -17.17%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period EFA Fees EWU Fees You Save
$10,000 10 years $631 $979 $348
$10,000 20 years $2,686 $4,131 $1,445
$10,000 30 years $8,571 $13,077 $4,506
$50,000 10 years $3,156 $4,895 $1,739
$50,000 30 years $42,854 $65,385 $22,532
$100,000 30 years $85,707 $130,770 $45,063

Risk Metrics

Based on 5 years of daily returns

Metric EFA EWU
Annualized Volatility 16.7% 16.7%
Max Drawdown -32.4% -26.2%
Sharpe Ratio 0.14 0.29

Dividend Comparison

Metric EFA EWU
Annual Dividend (per share) $3.25 $1.64
Dividend Yield 3.18% 3.44%
Distribution Frequency Semi-Annual or Annual Semi-Annual or Annual

Top Holdings

3 of top 10 holdings overlap (30% overlap in top holdings)

EFA Top Holdings

NameWeight
ASML Holding N.V.!ams/ASML2.54%
AstraZeneca PLC!lon/AZN1.47%
HSBC Holdings plc!lon/HSBA1.42%
Novartis AG!swx/NOVN1.35%
Roche Holding AG!swx/ROP1.29%
Shell plc!lon/SHEL1.20%
Nestlé S.A.!swx/NESN1.19%
Commonwealth Bank of Australia!asx/CBA0.98%
Siemens Aktiengesellschaft!etr/SIE0.95%
Mitsubishi UFJ Financial Group, Inc.!tyo/83060.95%

EWU Top Holdings

NameWeight
AstraZeneca PLC!lon/AZN9.70%
HSBC Holdings plc!lon/HSBA9.42%
Shell plc!lon/SHEL7.97%
Rolls-Royce Holdings plc!lon/RR4.41%
British American Tobacco p.l.c.!lon/BATS3.96%
Unilever PLC!lon/ULVR3.85%
BP p.l.c.!lon/BP3.64%
GSK plc!lon/GSK3.56%
Rio Tinto Group!lon/RIO3.40%
BAE Systems plc!lon/BA2.82%

Which One Should You Choose?

Choose EFA if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose EWU if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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