Overview
The 50 largest Eurozone blue-chip companies. The European equivalent of the Dow Jones. ASML, LVMH, SAP, Siemens, TotalEnergies. Deepest options market for Eurozone equity hedging strategies.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| ASML | ASML Holding | 8.4% |
| MC | LVMH Moet H. | 6.8% |
| SAP | SAP SE | 5.8% |
| SIE | Siemens AG | 4.8% |
| TTE | TotalEnergies | 4.4% |
| AIR | Airbus SE | 4.2% |
| SAN | Santander Bank | 3.8% |
| MUV2 | Munich Re | 3.4% |
| IBE | Iberdrola SA | 3.2% |
| INGA | ING Groep | 2.9% |
Fund Details
Investment Thesis
FEZ provides the most concentrated expression of Eurozone blue-chip equity, tracking the 50 largest companies from the euro currency area — Europe's equivalent of the Dow Jones Industrial Average. Deep options liquidity makes FEZ the preferred institutional vehicle for Eurozone equity exposure and hedging strategies. The 2025 performance reflected dual tailwinds of ECB rate cuts improving valuations and European defense spending commitments driving earnings upgrades across the industrial sector. For Eurozone-specific positioning, FEZ is the most liquid and widely referenced benchmark.
Who It's For
Institutional investors and traders who need deep liquid Eurozone equity exposure with options market access, and long-term investors making a high-conviction bet on European economic recovery. FEZ is the go-to vehicle for tactical Eurozone positioning. Also suited for investors who want pure euro-area equity exposure without UK, Switzerland, or Scandinavian stocks that appear in broader European ETFs like VGK or IEUR.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $32.82 | -- |
| 2017 | $42.18 | +28.5% |
| 2018 | $35.42 | -16.0% |
| 2019 | $43.18 | +21.9% |
| 2020 | $43.82 | +1.5% |
| 2021 | $52.18 | +19.1% |
| 2022 | $37.82 | -27.5% |
| 2023 | $46.42 | +22.7% |
| 2024 | $42.02 | -9.5% |
| 2025 | $57.02 | +35.7% |
| Year | Yield |
|---|---|
| 2016 | 2.88% |
| 2017 | 2.62% |
| 2018 | 3.02% |
| 2019 | 2.78% |
| 2020 | 2.48% |
| 2021 | 2.22% |
| 2022 | 2.88% |
| 2023 | 2.62% |
| 2024 | 2.68% |
| 2025 | 2.88% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $4.8B | -- |
| 2017 | $6.2B | +29.2% |
| 2018 | $4.8B | -22.6% |
| 2019 | $5.8B | +20.8% |
| 2020 | $5.2B | -10.3% |
| 2021 | $6.4B | +23.1% |
| 2022 | $4.4B | -31.2% |
| 2023 | $5.4B | +22.7% |
| 2024 | $4.8B | -11.1% |
| 2025 | $3.2B | -33.3% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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