13 Best European Index Funds (Top Euro ETFs for 2024)

Rated #1 in all of Europe, the SPDR Portfolio Europe ETF is great for long-term holds. So naturally, we placed it as #1 on our list of the best Europe index funds.

This fund tracks the performance of the STOXX Europe Total Market Index, which is the European equivalent to the S&P 500 Index here in the U.S. It provides broad access to publicly-traded Western European companies using a sampling strategy, picking the top performing companies within the fund.

With one of the lowest expense ratios of 0.09% and an annual dividend yield of 2.56%, this is one of the best choices for all levels of investors to gain exposure to the European market.

FLEE follows the performance of the FTSE Developed Europe Capped Index. It has performed well over the last year, and mixes its holdings with large-and-mid-cap companies in 16 developed countries within Europe. With an expense ratio of 0.09%, it gives good access to the European market as a whole.

iShares Core MSCI Europe ETF tracks the MSCI Europe IMI Index. This index is a free float-adjusted market-cap-weighted index that has securities from 15 developed market countries.

These include Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom.

With one of the lowest expense ratios on this list of 0.09% and a solid annual dividend yield of 2.36%, this fund clearly gives you good exposure to a lot of European countries, and is a great choice for international stock allocation. And, for those reasons, we listed it as one of the best European ETFs for 2023.

IEUS tracks the MSCI Europe Small Cap Index, which is made up of small-cap companies across the 15 developed market countries in Europe. This fund gives good exposure to smaller, publicly-traded companies in solid European markets, and targets small cap specific segments of the market.

IEUS has an expense ratio of 0.40% and an annual dividend yield of 1.67%, and is a good choice if you want European small-cap exposure.

Vanguard’s European ETF tracks the performance of an index that spans the European market. It invests all its assets in the stocks included on the FTSE Developed Europe All Cap Index. Holdings are market-cap weighted, and include companies like Nestle and AstraZeneca.

With undoubtedly the lowest expense ratio on this list of 0.08% and an annual dividend yield of 2.52%, this is a really popular ETF for gaining exposure to a broad swath of the European market.

EZU tracks the MSCI EMU Index, which is made up of large-and-mid-cap companies from developed market countries that use the euro as their official currency. This includes Austria, Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, Portugal and Spain. These markets are typically well-performing, or are on a similar level to all developed countries.

This fund boasts an expense ratio of 0.51% and an annual dividend yield of 2.22%. EZU gives you broad market exposure to 10 countries in Europe.

EWO has had some of the highest growth in the last year of all the European ETFs. It tracks the MSCI Austria IMI 25/50 Index, which follows the performance of a wide range of companies that trade on the Austrian market. This fund has holdings in the finance, materials, industrial, energy, and utility sectors.

With a decent expense ratio of 0.51%, and an annual dividend yield of 1.76%, this is a great performing ETF for anyone who wants specific exposure to the Austrian market.

Another fund that has performed really well over the last year is DFE. It has a respectable expense ratio of 0.58% and annual dividend yield of 2.40%. This fund tracks the WisdomTree Europe SmallCap Dividend Index, which is an index that follows small capitalization companies in the dividend-paying market within Europe.

This is a nice choice for diversification, following small-cap companies with the opportunity for robust growth. If you’re looking to buy into the European market with a little more risk/reward, this one’s for you.

Continuing the small-cap good growth trend is EWUS. It has an expense ratio of 0.59% and an annual dividend yield of 1.33%. EWUS tracks the MSCI United Kingdom Small Cap Index, which follows the performance of equities which represent the bottom 14% of the U.K. Securities market.

This Europe ETF fund holds industrial, consumer discretionary, and financial sectors and provides good exposure to smaller companies based in the U.K. This is a great fund if you want to get into the U.K. economy from abroad, and diversify across sectors and segments of the market.

Like Vanguard’s European ETF, VEURX tracks the FTSE Developed Europe All Cap Index. This fund does come with a minimum investment of $3,000, but performs very well year over year. With a good expense ratio of 0.23% and an annual dividend yield of 2.30%, this index fund is a solid choice for entering the European market in a broad way.

TUR tracks the MSCI Turkey IMI 25/50 Index. This is a broad-based index composed of Turkish equities, providing broad exposure to companies based in Turkey. With this fund, industrials, materials, and consumer staples receive the largest fund allocations.

This ETF invests in a mix of growth and value stocks of large-cap companies. BIM Birlesik Magazalar A.S. (BIMAS.E: IST); Eregli Demir Ve Celik Fabrikalari T.A.S. (EREGL.E:IST); and Turk Hava Yollari A.O. (THYAO.E:IST), are the top three holdings of TUR. With an expense ratio of 0.57% and a dividend yield of 3.45%, this is a great performing EFT for anyone looking for exposure in this emerging market.

DBEU was designed to track the MSCI Europe U.S. Dollar Hedged Index. This ETF is hedged to the U.S. dollar, but provides broad exposure to the European equity market. That means that returns will solely rely on the performance of the equities, instead of depending on currency fluctuations. Healthcare, financials, and industrials receive the largest fund allocations in this sector.

The fund’s largest geographical exposures are Great Britain, France, and Switzerland. Nestlé S.A. (NESN:SWX), dividend right certificates of Roche Holding Ltd. (ROG: SWX), and ASML Holding NV (ASML:AMS), are the top three holdings of DBEU. With a high annual dividend yield of 2.49% and an expense ratio of 0.45%, this is a good investment opportunity.

The investment focuses on results that closely correspond, before fees and expenses, to the performance of the Morningstar® Developed Europe Target Market Exposure IndexSM. The fund invests at least 80% of its assets in securities included in the underlying index.

This ETF’s geographical exposure includes, Austria, Belgium, France, Germany, Ireland, Italy, Denmark, Finland, the Netherlands, Norway, Sweden, Switzerland, Portugal, Spain, and the United Kingdom. With an expense ratio of 0.09% and an annual dividend yield of 2.02%, this is a good ETF investment.

In the last year, European equities have underperformed when compared to the U.S. Market by about 2.7%. And, as with all international options, the fees can sometimes be higher than it’s worth to invest. It’s for these two reasons that we’ve focused on the best European ETFs for 2023 (Exchange-Traded Funds).

They trade on the stock market just like a stock, and typically offer the lowest fees with good returns. Their ease-of-purchase and relative stability thanks to tracking entire indexes make them a good choice for any investor.