# EFV ETF: fees, returns, drawdowns and holdings

> What EFV holds, its 0.31% yearly fee, returns by year, its worst drop, and which Tactfolio strategies hold it. Updated daily.

iShares MSCI EAFE Value ETF (EFV) is an exchange-traded fund (ETF) run by iShares (BlackRock). This fund holds stocks of large and mid sized companies in developed countries outside the US and Canada that look cheaper compared with their earnings or book value. It charges 0.31% a year. From August 2005 to October 2026 it returned about 6.0% a year, and its worst drop was −63.9%.

Written by [the Tactfolio research team](https://tactfolio.com/about/editorial-policy). Fund facts checked October 16, 2026. Prices through October 16, 2026.

## Key points

- Expense ratio: 0.31% a year (about $31 on $10,000).
- Started trading on August 1, 2005.
- Worst drop since 2005: −63.9%.
- 1 Tactfolio classic strategy holds it.

## What does EFV hold?

This fund holds stocks of large and mid sized companies in developed countries outside the US and Canada that look cheaper compared with their earnings or book value. Its value goes up and down with those stocks. Changes in foreign currency values also affect what it is worth in US dollars.

It tracks the MSCI EAFE Value Index (Net). It had 395 holdings as of October 15, 2026, according to iShares (BlackRock).

| Fact | EFV |
| --- | --- |
| Full name | iShares MSCI EAFE Value ETF |
| Issuer | iShares (BlackRock) |
| Expense ratio | 0.31% a year |
| Started trading | August 1, 2005 |
| Tracks | MSCI EAFE Value Index (Net) |
| Type | International stocks, ETF |
| Holdings | 395 holdings as of October 15, 2026 |
| Facts checked | October 16, 2026 on the [iShares (BlackRock) fund page](https://www.ishares.com/us/products/239628/ishares-msci-eafe-value-etf) |

## What is the EFV expense ratio?

EFV charges 0.31% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.31% fee comes to about $31 a year.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

## How has EFV done since 2005?

From August 2005 to October 2026, EFV returned about 6.0% a year. Say you put in $10,000 at the start. It would have been worth about $34,271 at the end, with every dividend reinvested.

| Measure | EFV |
| --- | --- |
| Total return | 242.7% |
| Return per year (CAGR) | 6.0% |
| Worst drop from a high | −63.9% |
| Volatility (how much it swings) | 21.8% |
| Last 12 months | 22.4% |
| Last 3 years, per year | 22.9% |
| Last 5 years, per year | 13.7% |
| Last 10 years, per year | 10.1% |

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

## EFV returns by year

| Year | EFV return |
| --- | --- |
| 2026 (part of the year) | 14.1% |
| 2025 | 42.2% |
| 2024 | 5.3% |
| 2023 | 18.9% |
| 2022 | −5.2% |
| 2021 | 11.1% |
| 2020 | −3.0% |
| 2019 | 15.8% |
| 2018 | −14.7% |
| 2017 | 21.2% |
| 2016 | 5.1% |
| 2015 | −5.9% |
| 2014 | −6.8% |
| 2013 | 21.9% |
| 2012 | 18.8% |
| 2011 | −12.4% |
| 2010 | 4.5% |
| 2009 | 28.4% |
| 2008 | −41.6% |
| 2007 | 4.3% |
| 2006 | 30.3% |
| 2005 (part of the year) | 10.9% |

## What was EFV's worst drop?

A drawdown is how far a fund falls from its last high point. EFV's worst fall was −63.9%, from October 31, 2007 to March 9, 2009. It got back to that high on October 10, 2017.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

## Which Tactfolio strategies hold EFV?

One classic strategy holds EFV at least some of the time. Each is a set of written rules you can open, test and copy.

- [Trinity Portfolio (Meb Faber)](https://tactfolio.com/strategies/trinity-portfolio.md), by Mebane Faber, 2016

## How does EFV compare with similar ETFs?

Funds that can stand in for EFV:

- [IVAL](https://tactfolio.com/etf/ival.md): Alpha Architect International Quantitative Value ETF, 0.38% a year
- [SCHF](https://tactfolio.com/etf/schf.md): Schwab International Equity ETF, 0.03% a year
- [VEA](https://tactfolio.com/etf/vea.md): Vanguard FTSE Developed Markets ETF, 0.03% a year
- [IEFA](https://tactfolio.com/etf/iefa.md): iShares Core MSCI EAFE ETF, 0.07% a year

See [all 5 EFV alternatives](https://tactfolio.com/alternatives/efv.md), compared on the same dates as EFV.

## Test EFV in your own rules

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the [builder](https://tactfolio.com/builder), add EFV, and see how a rule such as "hold it only above its 200-day average" would have done. Strategies run on daily prices and hold US stocks and ETFs only.

## The details

Prices come from Tactfolio's stored daily prices for EFV. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns.

Fund facts come from iShares (BlackRock). We checked them on October 16, 2026. Read [what a backtest simulates](https://tactfolio.com/docs/backtests.md) and [how to read drawdown and CAGR](https://tactfolio.com/docs/concepts/reading-a-backtest.md) for more on these measures.

## Research and test it

- [What is an ETF](https://tactfolio.com/learn/what-is-an-etf): An ETF is a fund that trades like a stock. Learn how ETFs work, what they cost, the main types, and the risks, with SEC sources.
- [Momentum strategy](https://tactfolio.com/learn/momentum-strategy): A momentum strategy buys recent winners by a written rule.
- [ETF screener](https://tactfolio.com/screener.md): A free ETF screener for 162 US-listed funds. Filter by type, issuer and fee, sort by returns or worst drop, and compare funds side by side.
- [ETF expense ratio](https://tactfolio.com/learn/etf-expense-ratio): What an ETF expense ratio is, how the fund charges it, and how 0.03% vs 1% adds up over 10 and 30 years, with real fund examples.
- [Backtest a portfolio](https://tactfolio.com/trading-tools/backtest-portfolio): Backtest a portfolio of US stocks and ETFs. Enter tickers and shares, pick when to rebalance, and get the results with a link to share.
- [Backtesting](https://tactfolio.com/backtesting): Free backtesting software for stocks, ETFs, and crypto perps.

## Common questions

### What is the expense ratio of EFV?

EFV charges 0.31% a year, according to iShares (BlackRock) as of October 16, 2026. That is about $31 a year for every $10,000 you hold.

### When did EFV start trading?

EFV started trading on August 1, 2005. It is run by iShares (BlackRock).

### What does EFV track?

EFV tracks the MSCI EAFE Value Index (Net). This fund holds stocks of large and mid sized companies in developed countries outside the US and Canada that look cheaper compared with their earnings or book value.

### How much has EFV returned per year?

From August 2005 to October 2026, EFV returned about 6.0% a year with dividends reinvested. Its worst drop was −63.9%. Past returns do not tell you what it will do next.

### Which strategies use EFV?

One of Tactfolio's classic strategies hold EFV, including Trinity Portfolio (Meb Faber).

## Sources

- [iShares (BlackRock): iShares MSCI EAFE Value ETF fund page](https://www.ishares.com/us/products/239628/ishares-msci-eafe-value-etf)

> Not financial advice. Tactfolio is a research and automation tool. It is not a broker or a financial adviser. This page is for education only. Backtests are hypothetical. They show how rules would have done on past prices, not how they will do. All investing involves risk, including losing the money you put in.