FEZ — State Street SPDR EURO STOXX 50 ETF
International Developed Ranked #267 of 458 tracked ETFs · Issued by State Street Investment Management
FEZ Price Performance — Growth of $10,000
Value of a $10,000 investment in FEZ 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.
FEZ Drawdown
The "underwater" chart: FEZ'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 FEZ?
See what a lump sum in FEZ 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 State Street SPDR EURO STOXX 50 ETF (FEZ) is an International Developed fund managed by State Street Investment Management with $4.28 billion in assets. It holds an ETFValuer grade of C, reflecting a score of 57.3 out of 100, and ranks 20th among 22 peers in its category. The fund’s 0.29% expense ratio exceeds the category median of 0.165%, while its 2.83% dividend yield trails the peer average of 3.12%. Concentration is notable, with the top 10 holdings accounting for 41.9% of assets and ASML Holding NV representing the largest single position at 10.4%.
Price action shows the fund trading at $64.56, which sits at 39.0% of its 52-week range between $59.57 and $72.36. Short-term returns have been negative, with one-month and three-month figures of -5.35% and -5.14% respectively, contrasting with a positive year-to-date gain of +0.67%. The one-year return of +6.07% lags the category median of +13.09%, indicating underperformance over the trailing year. Despite this, the three-year return stands at +70.63%, suggesting stronger historical momentum. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, and price history is available for 3.0 years.
The fund exhibits a beta of 1.01, indicating market movement correlation, and an annualized volatility of 18.37%, which is classified as Moderate. A Sharpe ratio of 0.06 suggests limited risk-adjusted efficiency relative to the risk taken. Maximum drawdown has reached -15.85%, highlighting the extent of recent peak-to-trough declines. Liquidity is supported by an average daily volume of 873,315 shares, facilitating standard trading activity. These metrics collectively describe a fund with moderate volatility and modest risk-adjusted returns.
AI-generated summary based on the data on this page.
FEZ Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | ASML Holding NV | 10.39% | $452M |
| 2 | Siemens AG | 4.66% | $203M |
| 3 | Banco Santander SA | 4.01% | $174M |
| 4 | Schneider Electric SE | 3.72% | $162M |
| 5 | Allianz SE | 3.56% | $155M |
| 6 | TotalEnergies SE | 3.50% | $152M |
| 7 | Iberdrola SA | 3.10% | $135M |
| 8 | SAP SE | 3.06% | $133M |
| 9 | Siemens Energy AG | 3.05% | $133M |
| 10 | Safran SA | 2.88% | $125M |
Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 41.9% 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 FEZ's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With FEZ
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with FEZ's top 10 — VGK overlaps most, holding 4 of the same companies as FEZ's top 10 (22.6% of FEZ's assets).
| ETF | Name | Shared Companies | FEZ Weight | Examples |
|---|---|---|---|---|
| VGK | Vanguard FTSE Europe ETF | 4 | 22.6% | ASML Holding NV, Siemens AG, Banco Santander SA… |
| EZU | iShares MSCI Eurozone ETF | 4 | 13.8% | Schneider Electric SE, Allianz SE, SAP SE… |
| EWQ | iShares MSCI France ETF | 3 | 10.1% | Schneider Electric SE, TotalEnergies SE, Safran SA |
| EWG | iShares MSCI Germany ETF | 3 | 9.7% | SAP SE, Allianz SE, Siemens Energy AG |
| AVDE | Avantis International Equity ETF | 2 | 13.3% | ASML Holding NV, Safran SA |
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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
Trade-Weighted US Dollar Index: 121.40 (as of 2026-10-16) — 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 FEZ's Fees Cost You
FEZ charges an expense ratio of 0.29% 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.
FEZ Dividend Income Estimator
FEZ currently yields 2.83%. 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.
FEZ Liquidity, Domicile & Tax Treatment
Liquidity: Average daily volume is 873K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $4.28B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: FEZ 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.
FEZ Performance History
| Period | Return |
|---|---|
| 1-Day | -0.77% |
| 1-Week | -1.96% |
| 1-Month | -5.35% |
| 3-Month | -5.14% |
| 6-Month | -0.49% |
| YTD | +0.67% |
| 1-Year | +6.07% |
| 3-Year | +70.63% |
How FEZ Compares to Other International Developed ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #16 | B+ |
EFV | iShares MSCI EAFE Value ETF | +21.48% | 0.31% | $30.8B |
| #22 | B+ |
VEA | Vanguard FTSE Developed Markets Index Fund ETF Shares | +16.76% | 0.03% | $314B |
| #23 | B+ |
SCHF | Schwab International Equity ETF | +17.18% | 0.03% | $67.9B |
| #32 | B+ |
SPDW | State Street SPDR Portfolio Developed World ex-US ETF | +16.90% | 0.03% | $41.1B |
| #51 | B+ |
VPL | Vanguard FTSE Pacific Index Fund ETF Shares | +24.02% | 0.07% | $13.5B |
| #62 | B |
AVDE | Avantis International Equity ETF | +15.55% | 0.23% | $19.1B |
| #75 | B+ |
DFAX | Dimensional World ex U.S. Core Equity 2 ETF | +16.98% | 0.28% | $12.4B |
| #79 | B |
IDEV | iShares Core MSCI International Developed Markets ETF | +13.67% | 0.04% | $32.2B |
| #90 | B |
IEFA | iShares Core MSCI EAFE ETF | +12.50% | 0.07% | $190B |
| #129 | B |
IPAC | iShares Core MSCI Pacific ETF | +16.46% | 0.09% | $2.76B |
| #144 | B |
EFA | iShares MSCI EAFE ETF | +12.38% | 0.32% | $76.7B |
| #157 | B |
VGK | Vanguard FTSE Europe ETF | +10.14% | 0.06% | $37.2B |
| #185 | B |
IEUR | iShares Core MSCI Europe ETF | +9.91% | 0.1% | $9.24B |
| #186 | B |
SCHC | Schwab International Small-Cap Equity ETF | +9.61% | 0.06% | $5.62B |
| #201 | C |
SCZ | iShares MSCI EAFE Small-Cap ETF | +11.21% | 0.4% | $12.8B |
| #211 | C |
VSS | Vanguard FTSE All-World ex-US Small-Cap Index Fund ETF Shares | +8.30% | 0.06% | $14.0B |
| #217 | C |
GWX | State Street SPDR S&P International Small Cap ETF | +13.99% | 0.4% | $924M |
| #263 | C |
EZU | iShares MSCI Eurozone ETF | +6.73% | 0.5% | $9.42B |
| #264 | C |
AAXJ | iShares MSCI All Country Asia ex Japan ETF | +16.26% | 0.72% | $3.96B |
| #267 | C |
FEZ | State Street SPDR EURO STOXX 50 ETF | +6.07% | 0.29% | $4.28B |
| #288 | C |
IEV | iShares Europe ETF | +9.90% | 0.6% | $1.59B |
| #313 | C |
EFG | iShares MSCI EAFE Growth ETF | +3.91% | 0.34% | $15.0B |