ETF Evaluator:
iShares MSCI Eurozone ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Europe Stock Over the Last Year
| 38.6% | First Trust STOXX® European Sel Div ETF (FDD) |
| 35.8% | iShares MSCI Europe Financials ETF (EUFN) |
| 29.8% | WisdomTree European Opportunities ETF (OPPE) |
| 27.4% | First Trust Europe AlphaDEX® ETF (FEP) |
| 26.6% | First Trust Eurozone AlphaDEX® ETF (FEUZ) |
Risk
Index
Risk
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ETF Details
iShares MSCI Eurozone ETF Overview
iShares MSCI Eurozone ETF (EZU) is a passively managed International Equity Europe Stock exchange-traded fund (ETF). iShares launched the ETF in 2000.
The investment seeks to track the investment results of the MSCI EMU Index composed of large- and mid-capitalization equities from developed market countries that use the euro as their official currency.
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index consists of securities from the following 10 developed market countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, Portugal and Spain.
About iShares MSCI Eurozone ETF (EZU)
There are 4 members of the management team with an average tenure of 4.40 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and MSCI EMU NR USD index with a weighting of 100%. iShares MSCI Eurozone ETF has 229 securities in its portfolio. The top 10 holdings constitute 29.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares MSCI Eurozone ETF is part of the Equity global asset class and is within the International Equity ETF group. iShares MSCI Eurozone ETF has 96.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.9% There is 96.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares MSCI Eurozone ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $9 billion in total assets, which is above the $2 billion average for the Europe Stock category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EZU Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares MSCI Eurozone ETF expense ratio is average compared to funds in the Europe Stock category. iShares MSCI Eurozone ETF has an expense ratio of 0.50%, which is 16% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares MSCI Eurozone ETF has a portfolio turnover rate of 4%, which indicates that it holds its assets around / 0.3 years. By way of comparison, the average portfolio turnover is 30% for the Europe Stock category.
Recently, in the month of July 2026, iShares MSCI Eurozone ETF returned 0.4%, which earned it a grade of F, as the Europe Stock category had an average return of 2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares MSCI Eurozone ETF has a trailing yield of 2.65%, which is equal to the 2.65% category average.
The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares MSCI Eurozone ETF Grades
Year to date, the ETF has returned 10.6%, 0.4 percentage points better than the category, which translates into a grade of B. The fund has returned 23.3% over the past year (grade of C), 17.2% over the past three years (grade of B) and 10.0% per year over the past five years (grade of C) and 10.3% per year over the past 10 years (grade of C).
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EZU Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EZU Return (NAV) | 0.4% | 6.1% | 23.3% | 17.2% | 10.0% | 10.3% |
| EZU Return (Price) | 0.1% | 6.3% | 23.1% | 17.2% | 10.0% | 10.4% |
| NAV +/- Price Return | 0.268% | -0.184% | 0.184% | -0.004% | 0.014% | -0.014% |
| Europe Stock Avg | 2.1% | 5.4% | 22.3% | 16.8% | 9.7% | 9.9% |
| EZU Grade (NAV) | F | B | C | B | C | C |
| +/- Category (NAV) | -1.7% | 0.7% | 1.0% | 0.4% | 0.4% | 0.4% |
| EZU Tax-Cost Ratio | na | na | 1.0% | 0.9% | 0.9% | 0.8% |
EZU Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EZU Return (NAV) | 10.6% | 39.7% | 2.6% | 22.9% | -17.3% | 13.6% | 8.4% | 23.1% | -17.0% | 27.9% | 1.3% |
| EZU Return (Price) | 10.5% | 40.0% | 2.3% | 23.5% | -17.2% | 13.9% | 7.6% | 23.3% | -16.7% | 27.9% | 1.9% |
| NAV +/- Price Ret | -0.010% | 0.008% | -0.121% | 0.023% | -0.004% | 0.025% | -0.093% | 0.7% | -1.4% | -0.0% | 44.4% |
| Europe Stock Avg | 10.2% | 35.7% | 4.1% | 19.6% | -16.1% | 17.6% | 4.1% | 25.2% | -14.5% | 24.9% | 1.1% |
| EZU Grade (NAV) | B | B | C | A | D | F | A | F | D | B | C |
| +/- Category | 0.4% | 3.9% | -1.5% | 3.4% | -1.2% | -4.0% | 4.3% | -2.1% | -2.5% | 3.0% | 0.2% |
| Risk Measures | |
| Beta: | 0.95 |
| R-Squared: | 81% |
| Standard Deviation: | 14.6% |
| Category Risk Index: | 1.04 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.19 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 2.7% |
| Total Assets: | $ 9,631 Mil |
| Share Class Assets: | $ 9,631 Mil |
| Turnover: | 4.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | Yes |
| Index Tracked: | MSCI ACWI Ex USA NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 13.6 years | |||
| Average Tenure: 4.4 years | |||
| Managers (Year): Hsui Jennifer (2012), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 229 |
| % in Top 10 Holdings: | 29.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 96.9% |
Portfolio Allocation |
|
| Domestic Stock: | 2.9% |
| Foreign Stock: | 96.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | ca.ishares.com/home.htm |
| Inception Date: | July 25, 2000 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.43% |
