EZU — iShares MSCI Eurozone ETF
International Developed Ranked #186 of 458 tracked ETFs · Issued by iShares
EZU Price Performance — Growth of $10,000
Value of a $10,000 investment in EZU over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
EZU Drawdown
The "underwater" chart: EZU's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in EZU?
See what a lump sum in EZU would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The iShares MSCI Eurozone ETF (EZU) is an International Developed fund managed by iShares with $9.91 billion in assets under management. It holds a C grade, ranking 18th out of 22 peers in its category and 186th among all tracked ETFs. The fund’s 0.5% expense ratio is significantly higher than the category median of 0.165%, while its 1.57% dividend yield trails the median of 2.53%. Top holdings comprise 28.1% of assets, with ASML Holding N.V. representing the largest single position at 8.1%.
EZU has delivered a 1-year return of +18.84%, slightly below the category median of +19.27%, despite a strong 3-year gain of +72.36%. Short-term performance shows divergence, with a -1.05% daily drop contrasting against a +10.68% six-month rise. The current price of $69.63 sits at 79.1% of its 52-week range, indicating recent strength relative to its lows. The fund was downgraded from a B to a C grade on 2026-08-04, and its price history spans only 3.0 years.
With a beta of 0.94, the ETF moves in close correlation with the broader market, exhibiting a moderate annualized volatility of 17.50%. A Sharpe ratio of 0.79 suggests reasonable risk-adjusted returns, supported by a maximum drawdown of -15.02%. Liquidity is robust, evidenced by an average daily volume of 872,043 shares and a tight bid-ask spread of 0.01%. These metrics collectively describe a fund that has navigated market fluctuations with moderate stability and high tradability.
AI-generated summary based on the data on this page.
EZU Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | ASML Holding N.V. | 8.09% | $758M |
| 2 | Siemens Aktiengesellschaft | 3.07% | $288M |
| 3 | SAP SE | 2.43% | $228M |
| 4 | Banco Santander, S.A. | 2.37% | $222M |
| 5 | TOTALENERGIES SE | 2.24% | $210M |
| 6 | SCHNEIDER ELECTRIC SE | 2.22% | $208M |
| 7 | Allianz SE | 2.17% | $204M |
| 8 | Siemens Energy AG | 1.89% | $177M |
| 9 | Iberdrola, S.A. | 1.88% | $176M |
| 10 | LVMH MOET HENNESSY LOUIS VUITTON SE | 1.75% | $164M |
Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 28.1% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how EZU's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With EZU
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EZU's top 10 — FEZ overlaps most, holding 5 of the same companies as EZU's top 10 (11.0% of EZU's assets).
| ETF | Name | Shared Companies | EZU Weight | Examples |
|---|---|---|---|---|
| FEZ | State Street SPDR EURO STOXX 50 ETF | 5 | 11.0% | SCHNEIDER ELECTRIC SE, TOTALENERGIES SE, Allianz SE… |
| ESGD | iShares ESG Aware MSCI EAFE ETF | 4 | 15.8% | ASML Holding N.V., Siemens Aktiengesellschaft, SAP SE… |
| IEUR | iShares Core MSCI Europe ETF | 4 | 15.8% | ASML Holding N.V., Siemens Aktiengesellschaft, Banco Santander, S.A.… |
| IEV | iShares Europe ETF | 4 | 15.7% | ASML Holding N.V., Siemens Aktiengesellschaft, Banco Santander, S.A.… |
| EFG | iShares MSCI EAFE Growth ETF | 4 | 14.6% | ASML Holding N.V., SAP SE, SCHNEIDER ELECTRIC SE… |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.80% (as of 2026-09-08) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 15.72 (as of 2026-09-08) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
Trade-Weighted US Dollar Index: 118.07 (as of 2026-09-04) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.
What EZU's Fees Cost You
EZU charges an expense ratio of 0.50% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
EZU Dividend Income Estimator
EZU currently yields 1.57%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
EZU Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.01% and average daily volume is 872K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $9.91B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: EZU is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
EZU Performance History
| Period | Return |
|---|---|
| 1-Day | -1.05% |
| 1-Week | 0.00% |
| 1-Month | -2.34% |
| 3-Month | +3.47% |
| 6-Month | +10.68% |
| YTD | +9.03% |
| 1-Year | +18.84% |
| 3-Year | +72.36% |
How EZU Compares to Other International Developed ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #8 | B+ |
SCHF | Schwab International Equity ETF | +26.66% | 0.03% | $69.7B |
| #9 | B+ |
VEA | Vanguard FTSE Developed Markets Index Fund ETF Shares | +25.86% | 0.03% | $324B |
| #12 | B+ |
EFV | iShares MSCI EAFE Value ETF | +26.75% | 0.31% | $31.7B |
| #15 | B+ |
SPDW | State Street SPDR Portfolio Developed World ex-US ETF | +25.76% | 0.03% | $42.3B |
| #20 | B+ |
VPL | Vanguard FTSE Pacific Index Fund ETF Shares | +38.10% | 0.07% | $13.8B |
| #28 | B+ |
DFAX | Dimensional World ex U.S. Core Equity 2 ETF | +25.96% | 0.28% | $12.6B |
| #32 | B+ |
AVDE | Avantis International Equity ETF | +22.64% | 0.23% | $19.1B |
| #55 | B+ |
IDEV | iShares Core MSCI International Developed Markets ETF | +19.56% | 0.04% | $32.7B |
| #58 | B |
IEFA | iShares Core MSCI EAFE ETF | +18.74% | 0.07% | $194B |
| #94 | B |
EFA | iShares MSCI EAFE ETF | +18.87% | 0.32% | $79.3B |
| #100 | B |
VGK | Vanguard FTSE Europe ETF | +17.50% | 0.06% | $39.1B |
| #141 | B |
AAXJ | iShares MSCI All Country Asia ex Japan ETF | +37.67% | 0.72% | $3.88B |
| #142 | B |
IPAC | iShares Core MSCI Pacific ETF | +20.86% | 0.09% | $2.77B |
| #147 | B |
SCHC | Schwab International Small-Cap Equity ETF | +17.82% | 0.06% | $5.77B |
| #149 | B |
IEUR | iShares Core MSCI Europe ETF | +17.20% | 0.1% | $9.35B |
| #170 | C |
VSS | Vanguard FTSE All-World ex-US Small-Cap Index Fund ETF Shares | +16.04% | 0.06% | $14.5B |
| #184 | C |
FEZ | State Street SPDR EURO STOXX 50 ETF | +18.99% | 0.29% | $4.49B |
| #186 | C |
EZU | iShares MSCI Eurozone ETF | +18.84% | 0.5% | $9.91B |
| #202 | C |
SCZ | iShares MSCI EAFE Small-Cap ETF | +16.00% | 0.4% | $13.2B |
| #205 | C |
GWX | State Street SPDR S&P International Small Cap ETF | +20.14% | 0.4% | $942M |
| #250 | C |
IEV | iShares Europe ETF | +17.14% | 0.6% | $1.68B |
| #302 | C |
EFG | iShares MSCI EAFE Growth ETF | +10.73% | 0.34% | $17.0B |