QEFAvsREFAETF Comparison
ETF 1
QEFA
State Street SPDR MSCI EAFE StrategicFactors ETF
This fund is part of
DM Large & Mid Cap
+0.06%
VS
ETF 2
REFA
Columbia Research Enhanced International Equity ETF
This fund is part of
DM Large & Mid Cap
+0.06%
State Street SPDR MSCI EAFE StrategicFactors ETF (QEFA) and Columbia Research Enhanced International Equity ETF (REFA) belong to the same industry segment: DM Large & Mid Cap. QEFA's top 3 sector exposures are Finance, Industrials and Healthcare. In contrast, REFA's top sector exposures are Finance, Industrials and Technology. QEFA is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.32% for REFA. QEFA is up 12.67% year-to-date (YTD) with -$9M in YTD flows. REFA performs better with 14.3% YTD performance, and +$3K in YTD flows. Run a side-by-side ETF comparison of QEFA and REFA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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QEFA vs REFA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QEFA REFA | +1.05%+0.93% | +5.45%+5.69% | +12.67%+14.30% | +20.84%n/a | +60.57%n/a | +48.45%n/a |
| Flows | QEFA REFA | -$5M- | -$57M- | -$9M+$3K | -$21M- | -$240M- | -$2M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QEFA REFA | +8.65%+11.90% | +11.15%n/a | +12.43%n/a | +13.58%n/a |
| Max drawdown | QEFA REFA | -2.25%-2.81% | -9.43%n/a | -12.30%n/a | -27.87%n/a |
| Max drawdown duration | QEFA REFA | 14d16d | 149dn/a | 38dn/a | 892dn/a |
Trading data
QEFA | REFA | |
Last sale 9/3/2026 at 5:25 PM | $101.95 | |
| Previous close 09/02/2026 | $100.87 | |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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QEFA | REFA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 5:25 PM
Live
Closed
QEFA | REFA | |
|---|---|---|
| Last price | $101.95 | – |
| 1D performance | +1.07% | – |
| AuM | $1.07 B | $5.86 M |
| E/R | 0.3% | 0.32% |
Characteristics
QEFA | REFA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Columbia Threadneedle Investments |
| Benchmark | MSCI EAFE Factor Mix A-Series Index | Beta Advantage Research Enhanced International Equity Index |
| N° of holdings | 617 | 211 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 4, 2014 | December 11, 2025 |
| ESG | No | No |
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Exposure
Countries
QEFA
Japan
22.19%
United Kingdom
14.39%
Switzerland
12.33%
France
7.94%
Germany
7.25%
Other
35.9%
REFA
Japan
26.38%
United Kingdom
14.95%
France
8.52%
Germany
7.39%
Switzerland
7.32%
Australia
7.28%
Other
28.16%
Sectors
QEFA
Finance
22.65%
Industrials
13.09%
Healthcare
13.02%
Consumer Non-Cycl.
10.67%
Technology
10.26%
Other
30.31%
REFA
Finance
25.23%
Industrials
16.36%
Technology
13.6%
Healthcare
12.56%
Non-Energy Materi.
7.71%
Other
24.54%
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Diversification
QEFA
Total weight of top 15 holdings out of 15
19.19%
REFA
Total weight of top 15 holdings out of 15
33.66%
Top 15 holdings
Data as of July 31, 2026
QEFA
Novartis AG
2.04%
ASML Holding NV
2.04%
Roche Holding AG
1.89%
AstraZeneca PLC
1.63%
Nestlé SA
1.60%
Shell Plc
1.22%
Unilever Plc
1.17%
Allianz SE
1.06%
Zurich Insurance Group AG
1.04%
BHP Group Ltd.
1.04%
SAP SE
0.97%
Novo Nordisk A/S
0.95%
TotalEnergies SE
0.87%
GSK Plc
0.85%
HSBC Holdings Plc
0.82%
REFA
ASML Holding NV
3.69%
Roche Holding AG
3.28%
BHP Group Ltd.
3.17%
Novartis AG
2.87%
Hitachi Ltd.
2.47%
HSBC Holdings Plc
2.31%
Recruit Holdings Co., Ltd.
2.24%
Advantest Corp.
1.88%
Safran SA
1.86%
Siemens Energy AG
1.78%
Shell Plc
1.73%
Tokyo Electron Ltd.
1.73%
BNP Paribas SA
1.64%
Fast Retailing Co., Ltd.
1.63%
Deutsche Telekom AG
1.38%
Frequently asked questions about QEFA and REFA
How have the QEFA and REFA ETFs performed in 2026?
As of September 2, 2026, QEFA is up 12.67% year-to-date (YTD), while REFA has returned 14.3%. That puts REFA better performer ahead so far this year.
Which ETF is attracting more investor money: QEFA or REFA?
Year-to-date, the QEFA ETF saw -$9M in flows, compared to +$3K for REFA.
Which ETF is bigger: QEFA or REFA?
As of September 2, 2026, QEFA holds $1.07 B in assets under management (AUM), while REFA manages $5.86 M.
What sectors do the QEFA and REFA ETFs invest in?
QEFA leans toward sectors like Finance, Industrials and Healthcare. Meanwhile, REFA focuses on Finance, Industrials and Technology.
What are the top holdings of the QEFA ETF and REFA ETF?
QEFA top holdings include Novartis AG, ASML Holding NV and Roche Holding AG. REFA holds in its top three: ASML Holding NV, Roche Holding AG and BHP Group Ltd..
Which ETF is more diversified: QEFA or REFA?
QEFA holds 625 securities with 19.19% of its assets in the top 15. REFA has 211 securities and a top 15 weight of 33.66%.
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