EFA vs JIRE
iShares MSCI EAFE ETF vs JPMorgan International Research Enhanced Equity ETF
Which is better, EFA or JIRE?
Nearly the same fund. JIRE costs less.
JIRE has a lower expense ratio. EFA led over 1Y and 3Y, JIRE over the full window. The two have moved almost in lockstep, correlation 0.99. EFA is less concentrated, with 14.1% of the fund in its ten largest positions against 16.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EFA | JIRE |
|---|---|---|
| Expense Ratio | 0.32% | 0.24%Best |
| AUM | $76.7B | $11.0B |
| Dividend Yield | 3.24% | 2.73% |
| Holdings | 682 | 216 |
| YTD Return | +7.56%Best | +7.25% |
| 1Y Return | +13.78%Best | +13.67% |
| 3Y Return (annualized) | +17.91%Best | +17.60% |
| 5Y Return (annualized) | +8.68% | - |
| Volatility (annualized) | 14.9%Best | 15.1% |
| Max Drawdown | -16.8% | -16.1%Best |
| $10,000 over 4.3 years | $18,355 | $18,645Best |
| Top 10 Weight | 14.1%Best | 16.7% |
| Fund Family | iShares by BlackRock (US) | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 14, 2001 | Jun 10, 2022 |
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: Jun 13, 2022 to Oct 14, 2026 (4.3 years).
EFA vs JIRE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.3 years both funds cover.
EFA vs JIRE Performance
iShares MSCI EAFE ETF (EFA) is an ETF from iShares by BlackRock (US) and JPMorgan International Research Enhanced Equity ETF (JIRE) is an ETF from J.P. Morgan Asset Management. Over the past year EFA returned +13.78% while JIRE returned +13.67%. Year to date, EFA is up 7.56% versus a gain of 7.25% for JIRE.
Over three years, EFA compounded at +17.91% per year against +17.60% for JIRE. Across the full 4-year window we track, JIRE has the edge at +15.59% annualized vs +15.17%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JIRE has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.9% for EFA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.8% for EFA and -16.1% for JIRE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EFA charges 0.32% per year while JIRE charges 0.24%. On a $10,000 position that is $32 vs $24 annually, a gap of $8 per year that compounds over a long holding period. On income, EFA currently yields 3.24% against 2.73% for JIRE.
Holdings Overlap
49.6% of EFA's money is in holdings JIRE also owns. 67.7% of JIRE's money is in holdings EFA also owns.
The two portfolios partly overlap.
145 positions in common, counted across the 655 positions we hold weights for in EFA and 206 in JIRE, against full books of 682 and 216.
What only one of them owns
Our book lists 2 positions for JIRE that do not appear in our book for EFA (2.1% of the fund), and 9 for EFA that do not appear in JIRE (2.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EFA | Weight in JIRE | Difference |
|---|---|---|---|
| ASML:ASAsml Holding Nv Unsponsored Adr Ordinary Shares | 3.27% | 3.82% | 0.55% |
| HSBA:LNHsbc Holdings Plc | 1.53% | 1.47% | 0.06% |
| SIE:SGSiemens Ag Reg Common Stock | 1.04% | 1.73% | 0.69% |
| AZN:LNAstraZeneca PLC | 1.12% | 1.65% | 0.53% |
| SHELShell Plc | 1.28% | 1.32% | 0.04% |
| NOVN:SMNovartis AG | 1.22% | 1.15% | 0.07% |
| NESN:SMNestle Sa | 1.08% | 1.25% | 0.17% |
| BHP:AUBhp Group Ltd | 0.99% | 1.19% | 0.20% |
| SAP:SGSap Se | 1.00% | 0.96% | 0.04% |
| 8035:JPTokyo Electron Ltd. Com Stk | 0.83% | 1.12% | 0.29% |
67.7% of JIRE is already inside EFA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EFA or JIRE?
EFA has an expense ratio of 0.32% while JIRE charges 0.24%. JIRE is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, EFA or JIRE?
Over the past year EFA returned +13.78% vs +13.67% for JIRE, so EFA leads on 1-year performance. Over the longest common window we track (4 years), EFA annualized +15.17% vs +15.59% for JIRE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EFA or JIRE?
JIRE has been the more volatile fund at 15.1% annualized versus 14.9% for EFA. Worst drawdown: EFA -16.8% vs JIRE -16.1%.
Should I hold both EFA and JIRE?
EFA and JIRE have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between EFA and JIRE?
67.7% of JIRE's money is in holdings EFA also owns. 67.7% of JIRE's is in holdings EFA also owns. They hold 145 positions in common, counted across the 655 positions we hold weights for in EFA and 206 in JIRE.
Which pays a higher dividend, EFA or JIRE?
EFA yields 3.24% while JIRE yields 2.73%, so EFA currently pays the higher dividend yield.
Is JIRE better than EFA?
JIRE has a lower expense ratio. EFA led over 1Y and 3Y, JIRE over the full window. The two have moved almost in lockstep, correlation 0.99. EFA is less concentrated, with 14.1% of the fund in its ten largest positions against 16.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.