EFA
iShares MSCI EAFE ETF
#4 of 6 in Broad Regions by own-history percentile (high → low)
Relative to SPY
Relative price history
EFA ÷ SPY, 10-year range, as of Sep 18, 2026
How the reading moved
These changes re-score an older EFA÷SPY ratio against today's 10-year window, so they show whether the relative price has drifted toward the highs or lows of its own history — not a peer ranking and not a return forecast.
- About one week: +0.6 pts (from 6% on Aug 31, 2026 to 6.6% now)
- About one month: -0.7 pts (from 7.3% on Jul 31, 2026 to 6.6% now)
Broad Regions
Where this sits among peers
Broad Regions · EFA highlighted · same axes as the category chart on the home page
Top holdings
Holdings snapshot as of Jul 17, 2026.
What moves this
EFA bundles developed Europe, Japan, and Australia/Asia into one basket, and its persistent valuation gap to the US owes as much to sector mix — more banks and industrials, fewer mega-cap technology platforms — as to any difference in growth prospects between regions.
FAQ
Why does developed-ex-US often trade at a discount to the US?
This basket has less exposure to the largest, highest-multiple technology companies and more exposure to sectors like financials and industrials that traditionally trade at lower multiples.
Is this basket mostly Europe or mostly Japan?
Europe carries the larger weight, but Japan and Australia are both meaningful components — country-specific developments in any of them can move the basket.
Does currency movement affect this ETF's relative price?
Yes — EFA holds non-US-dollar assets, so currency swings against the dollar add a layer of volatility on top of the underlying equity moves.
Broad Regions
Related in this category
- VGKVanguard FTSE Europe ETFNear lows (4.3%)
- EPPiShares MSCI Pacific ex Japan ETFNear lows (3.8%)
- VWOVanguard Emerging Markets Stock Index FundNear lows (10.8%)
- ILFiShares Latin America 40 ETFNear lows (22%)
- AAXJiShares MSCI All Country Asia ex Japan ETFNear lows (30.3%)
- SPYState Street SPDR S&P 500 ETF Trustbenchmark