REFAvsQEFAETF Comparison
ETF 1
REFA
Columbia Research Enhanced International Equity ETF
This fund is part of
DM Large & Mid Cap
+0.48%
VS
ETF 2
QEFA
State Street SPDR MSCI EAFE StrategicFactors ETF
This fund is part of
DM Large & Mid Cap
+0.48%
Columbia Research Enhanced International Equity ETF (REFA) and State Street SPDR MSCI EAFE StrategicFactors ETF (QEFA) belong to the same industry segment: DM Large & Mid Cap. REFA's top 3 sector exposures are Finance, Industrials and Technology. In contrast, QEFA's top sector exposures are Finance, Industrials and Healthcare. REFA is more expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.3% for QEFA. REFA is up 13.95% year-to-date (YTD) with +$3K in YTD flows. QEFA performs worse with 11.86% YTD performance, and -$39M in YTD flows. Run a side-by-side ETF comparison of REFA and QEFA 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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REFA vs QEFA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | REFA QEFA | -1.59%-1.19% | +7.04%+5.72% | +13.95%+11.86% | n/a+17.18% | n/a+58.78% | n/a+47.52% |
| Flows | REFA QEFA | --$35M | --$45M | +$3K-$39M | --$34M | --$280M | --$32M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | REFA QEFA | +12.03%+9.02% | n/a+11.21% | n/a+12.44% | n/a+13.59% |
| Max drawdown | REFA QEFA | -2.81%-2.25% | n/a-9.43% | n/a-12.30% | n/a-27.68% |
| Max drawdown duration | REFA QEFA | 16d14d | n/a149d | n/a38d | n/a885d |
Trading data
REFA | QEFA | |
Last sale 9/14/2026 at 1:30 PM | $100.11 | |
| Previous close 09/11/2026 | $99.98 | |
| Consolidated volume 09/11/2026 | ||
| 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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REFA | QEFA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
REFA | QEFA | |
|---|---|---|
| Last price | – | $100.11 |
| 1D performance | – | +0.14% |
| AuM | $5.84 M | $1.03 B |
| E/R | 0.32% | 0.3% |
Characteristics
REFA | QEFA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Columbia Threadneedle Investments | State Street Investment Management |
| Benchmark | Beta Advantage Research Enhanced International Equity Index | MSCI EAFE Factor Mix A-Series Index |
| N° of holdings | 211 | 617 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 11, 2025 | June 4, 2014 |
| ESG | No | No |
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Exposure
Countries
REFA
Japan
26.38%
United Kingdom
14.95%
France
8.52%
Germany
7.39%
Switzerland
7.32%
Australia
7.28%
Other
28.16%
QEFA
Japan
22.19%
United Kingdom
14.39%
Switzerland
12.33%
France
7.94%
Germany
7.25%
Other
35.9%
Sectors
REFA
Finance
25.23%
Industrials
16.36%
Technology
13.6%
Healthcare
12.56%
Non-Energy Materi.
7.71%
Other
24.54%
QEFA
Finance
22.52%
Industrials
13.22%
Healthcare
13.02%
Consumer Non-Cycl.
10.67%
Technology
10.26%
Other
30.3%
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Diversification
REFA
Total weight of top 15 holdings out of 15
33.66%
QEFA
Total weight of top 15 holdings out of 15
19.19%
Top 15 holdings
Data as of July 31, 2026
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%
Tokyo Electron Ltd.
1.73%
Shell Plc
1.73%
BNP Paribas SA
1.64%
Fast Retailing Co., Ltd.
1.63%
Deutsche Telekom AG
1.38%
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%
Frequently asked questions about REFA and QEFA
How have the REFA and QEFA ETFs performed in 2026?
As of September 11, 2026, REFA is up 13.95% year-to-date (YTD), while QEFA has returned 11.86%. That puts REFA better performer ahead so far this year.
Which ETF is attracting more investor money: REFA or QEFA?
Year-to-date, the REFA ETF saw +$3K in flows, compared to -$39M for QEFA.
Which ETF is bigger: REFA or QEFA?
As of September 11, 2026, REFA holds $5.84 M in assets under management (AUM), while QEFA manages $1.03 B.
What sectors do the REFA and QEFA ETFs invest in?
REFA leans toward sectors like Finance, Industrials and Technology. Meanwhile, QEFA focuses on Finance, Industrials and Healthcare.
What are the top holdings of the REFA ETF and QEFA ETF?
REFA top holdings include ASML Holding NV, Roche Holding AG and BHP Group Ltd.. QEFA holds in its top three: Novartis AG, ASML Holding NV and Roche Holding AG.
Which ETF is more diversified: REFA or QEFA?
REFA holds 211 securities with 33.66% of its assets in the top 15. QEFA has 625 securities and a top 15 weight of 19.19%.
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