- ISIN
- US78470E1064
- CUSIP
- 78470E106
- Issuer
- State Street
- Inception Date
- Oct 24, 2016
- Region
- Developed Markets (EAFE)
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI EAFE ex Fossil Fuels Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $507M
Share Price Chart
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Performance
EFAX Performance Chart
SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX) is up 7.2% since the beginning of the year. EFAX is currently trading at $53 per share. Investors who bought $1,000 worth of EFAX shares 5 years ago would now be looking at an investment worth $1,454.
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Returns By Period
SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX) has returned 7.16% so far this year and 19.90% over the past 12 months.
SPDR MSCI EAFE Fossil Fuel Free ETF
- 1D
- -2.26%
- 1M
- 0.69%
- YTD
- 7.16%
- 6M
- 6.79%
- 1Y
- 19.90%
- 3Y*
- 16.48%
- 5Y*
- 7.77%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
EFAX Monthly Returns History
Based on dividend-adjusted daily data since Oct 25, 2016, EFAX's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +14.1%, while the worst month was Mar 2020 at -14.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, EFAX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +8.0%, while the worst single day was Mar 16, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.18% | 4.00% | -8.98% | 5.90% | 3.05% | -0.42% | 7.16% | ||||||
| 2025 | 5.33% | 2.60% | -0.14% | 4.68% | 4.56% | 2.39% | -2.47% | 4.43% | 2.24% | 0.98% | 0.33% | 2.91% | 31.30% |
| 2024 | 0.34% | 3.12% | 3.03% | -3.79% | 5.01% | -1.35% | 2.88% | 3.56% | 0.66% | -5.25% | -0.05% | -2.89% | 4.78% |
| 2023 | 8.93% | -2.85% | 2.92% | 2.83% | -3.61% | 4.58% | 2.46% | -3.98% | -4.23% | -3.07% | 8.76% | 5.25% | 18.02% |
| 2022 | -4.61% | -3.75% | -0.14% | -6.68% | 1.25% | -8.32% | 5.35% | -6.92% | -8.88% | 5.31% | 13.25% | -1.60% | -16.72% |
| 2021 | -1.28% | 1.99% | 2.33% | 3.10% | 3.70% | -1.41% | 1.13% | 1.56% | -3.65% | 3.24% | -4.62% | 4.42% | 10.50% |
Benchmark Metrics
SPDR MSCI EAFE Fossil Fuel Free ETF has an annualized alpha of -0.78%, beta of 0.75, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since October 25, 2016.
- This ETF participated in 88.22% of S&P 500 Index downside but only 73.72% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.78%
- Beta
- 0.75
- R²
- 0.65
- Upside Capture
- 73.72%
- Downside Capture
- 88.22%
Expense Ratio
EFAX has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
EFAX ranks 36 for risk / return — below 36% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR MSCI EAFE Fossil Fuel Free ETF (EFAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EFAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.46 | -0.84 |
| Martin ratioReturn relative to average drawdown | 5.95 | 10.92 | -4.97 |
Dividends
Dividend History
SPDR MSCI EAFE Fossil Fuel Free ETF provided a 3.20% dividend yield over the last twelve months, with an annual payout of $1.71 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.71 | $1.67 | $1.09 | $1.06 | $0.96 | $1.08 | $0.66 | $0.98 | $0.92 | $1.05 | $0.08 |
Dividend yield | 3.20% | 3.31% | 2.74% | 2.71% | 2.81% | 2.58% | 1.69% | 2.71% | 3.05% | 2.89% | 0.26% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR MSCI EAFE Fossil Fuel Free ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.80 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.00 | $1.67 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $1.09 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $1.06 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.96 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $1.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR MSCI EAFE Fossil Fuel Free ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR MSCI EAFE Fossil Fuel Free ETF was 32.53%, occurring on Mar 18, 2020. Recovery took 164 trading sessions.
The current SPDR MSCI EAFE Fossil Fuel Free ETF drawdown is 2.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -32.53%Mar 2020 | 1mo 27d | 7mo 26d | 9mo 23dJan 2020 - Nov 2020 |
Bear market2022 | -31.67%Sep 2022 | 1y 19d | 1y 5mo | 2y 6moSep 2021 - Mar 2024 |
Rate-hike selloffLate 2018 | -22.35%Dec 2018 | 11mo 3d | 1y 24d | 1y 11moJan 2018 - Jan 2020 |
2025 selloff2025 | -13.52%Apr 2025 | 19d | 20d | 1mo 9dMar 2025 - Apr 2025 |
2026 correction2026 | -12.38%Mar 2026 | 29d | 2mo 20d | 3mo 19dFeb 2026 - Jun 2026 |
Drawdown Indicators
| EFAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.53% | -56.78% | +24.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -9.10% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -13.52% | -18.90% | +5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -31.67% | -25.43% | -6.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.26% | -3.21% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -10.71% | +3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 2.04% | +1.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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