ETF Versus

EFA vs IJR

iShares MSCI EAFE ETF vs iShares Core S&P Small-Cap ETF

Last updated: 2026-04-02

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 3.29%. Launched in 2001, the fund has a 25-year track record.

AUM: $69.1B ER: 0.32% Yield: 3.29% Since: Aug 14, 2001
IJR iShares

iShares Core S&P Small-Cap ETF (IJR) is an exchange-traded fund issued by iShares that provides exposure to small-cap U.S. equities with higher growth potential and volatility. It charges a low expense ratio of 0.06%. The fund offers a moderate dividend yield of 1.28%. Launched in 2000, the fund has a 26-year track record.

AUM: $90.2B ER: 0.06% Yield: 1.28% Since: May 22, 2000

Quick Verdict

IJR is significantly cheaper at 0.06% vs 0.32% expense ratio, saving you approximately $512 per $10,000 invested over 10 years. EFA has edged ahead over the past year (20.5% vs 19.2%). Income investors may prefer EFA for its higher yield (3.3% vs 1.3%).

Key Metrics

Metric EFA IJR
Expense Ratio 0.32% 0.06%
Dividend Yield 3.3% 1.3%
Fund Family iShares iShares
Category International Developed US Small Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

70 84 98 112 126 140 2021-04 2022-06 2023-09 2024-12 2026-04
EFA +26.5%
IJR +13.0%

Performance Comparison

Period EFA IJR Difference
1 Month -4.54% -4.33% -0.21%
3 Months +1.62% +2.92% -1.30%
6 Months +3.71% +4.03% -0.32%
YTD +1.62% +2.92% -1.30%
1 Year +20.48% +19.20% +1.28%
3 Years +36.79% +29.06% +7.73%
5 Years +26.46% +12.98% +13.48%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period EFA Fees IJR Fees You Save
$10.000 10 years $631 $120 $512
$10.000 20 years $2.686 $515 $2.171
$10.000 30 years $8.571 $1.664 $6.907
$50.000 10 years $3.156 $598 $2.558
$50.000 30 years $42.854 $8.318 $34.535
$100.000 30 years $85.707 $16.637 $69.070

Risk Metrics

Based on 5 years of daily returns

Metric EFA IJR
Annualized Volatility 16.6% 21.6%
Max Drawdown -32.4% -28.9%
Sharpe Ratio 0.10 0.01

Dividend Comparison

Metric EFA IJR
Annual Dividend (per share) $3.25 $1.60
Dividend Yield 3.29% 1.28%
Distribution Frequency Semi-Annual or Annual Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

EFA Top Holdings

NameWeight
ASML Holding N.V.!ams/ASML2.54%
AstraZeneca PLC!lon/AZN1.46%
Novartis AG!swx/NOVN1.41%
Roche Holding AG!swx/ROP1.36%
HSBC Holdings plc!lon/HSBA1.36%
Shell plc!lon/SHEL1.31%
Nestlé S.A.!swx/NESN1.22%
Toyota Motor Corporation!tyo/72031.00%
Commonwealth Bank of Australia!asx/CBA0.99%
Mitsubishi UFJ Financial Group, Inc.!tyo/83060.95%

IJR Top Holdings

NameWeight
BLK CSH FND TREASURY SL AGENCYXTSLA1.37%
Eastman Chemical CompanyEMN0.54%
Viavi Solutions Inc.VIAV0.53%
Argan, Inc.AGX0.52%
Primoris Services CorporationPRIM0.52%
FormFactor, Inc.FORM0.51%
Element Solutions IncESI0.51%
LKQ CorporationLKQ0.50%
SM Energy CompanySM0.49%
ESCO Technologies Inc.ESE0.48%

Which One Should You Choose?

Choose IJR if...

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

Choose EFA if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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