EFA tracks developed EAFE or Europe, Australasia and Far East countries. Developed Europe makes up 64.9% and Asia is 34.7%. Top country allocations include Japan 21.4%, U.K. 21.4% and Switzerland 9.5%. The fund has a 0.34% expense ratio and is up 9.7% year-to-date.

VEA also has a broader mandate, including developed economies around the world outside the Americas. Regionally, Europe makes up 61.2% and Asia is 38.4%. Top countries include Japan 21.8%, U.K. 20.4% and France 9.0%. The ETF has a 0.10% expense ratio and is up 10.3% year-to-date.

For more information on European markets, visit our Europe category.

Max Chen contributed to this article.

Full disclosure: Tom Lydon’s clients own SPY.