- ISIN
- US46432F8427
- CUSIP
- 46432F842
- Issuer
- iShares
- Inception Date
- Oct 18, 2012
- Region
- Developed Markets (Ex-North America)
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI EAFE IMI Index (Net)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $188B
Share Price Chart
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Performance
IEFA Performance Chart
iShares Core MSCI EAFE ETF (IEFA) is up 10.7% since the beginning of the year. IEFA is currently trading at $97 per share. Investors who bought $1,000 worth of IEFA shares 5 years ago would now be looking at an investment worth $1,529.
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Returns By Period
iShares Core MSCI EAFE ETF (IEFA) has returned 10.65% so far this year and 25.52% over the past 12 months. Over the last ten years, IEFA has returned 10.18% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares Core MSCI EAFE ETF
- 1D
- 0.10%
- 1M
- 1.81%
- YTD
- 10.65%
- 6M
- 11.01%
- 1Y
- 25.52%
- 3Y*
- 17.62%
- 5Y*
- 8.87%
- 10Y*
- 10.18%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IEFA Monthly Returns History
Based on dividend-adjusted daily data since Oct 24, 2012, IEFA's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +13.9%, while the worst month was Mar 2020 at -14.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, IEFA closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +8.4%, while the worst single day was Mar 12, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.13% | 4.54% | -7.92% | 5.53% | 2.60% | 0.98% | 10.65% | ||||||
| 2025 | 4.70% | 2.45% | 0.36% | 4.04% | 4.89% | 2.93% | -1.93% | 4.45% | 2.11% | 0.89% | 0.85% | 2.64% | 32.08% |
| 2024 | -0.68% | 2.76% | 3.37% | -3.26% | 5.08% | -2.02% | 2.95% | 3.22% | 1.11% | -5.47% | -0.18% | -3.08% | 3.26% |
| 2023 | 8.81% | -3.04% | 2.80% | 2.87% | -3.98% | 4.19% | 3.04% | -3.80% | -3.83% | -3.09% | 8.32% | 5.60% | 17.95% |
| 2022 | -4.06% | -3.24% | 0.32% | -6.76% | 1.68% | -8.83% | 5.44% | -6.06% | -9.64% | 5.79% | 13.16% | -1.71% | -15.24% |
| 2021 | -0.74% | 2.55% | 2.45% | 3.14% | 3.35% | -1.14% | 0.92% | 1.59% | -3.26% | 3.04% | -4.61% | 4.20% | 11.63% |
Benchmark Metrics
iShares Core MSCI EAFE ETF has an annualized alpha of -1.70%, beta of 0.83, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since October 24, 2012.
- This ETF participated in 93.01% of S&P 500 Index downside but only 76.82% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.70%
- Beta
- 0.83
- R²
- 0.71
- Upside Capture
- 76.82%
- Downside Capture
- 93.01%
Expense Ratio
IEFA has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
IEFA ranks 49 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Core MSCI EAFE ETF (IEFA) 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.
| IEFA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.78 | -0.55 |
| Martin ratioReturn relative to average drawdown | 8.48 | 12.44 | -3.95 |
Dividends
Dividend History
iShares Core MSCI EAFE ETF provided a 3.38% dividend yield over the last twelve months, with an annual payout of $3.29 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 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.29 | $3.18 | $2.44 | $2.25 | $1.67 | $2.48 | $1.31 | $2.08 | $1.90 | $1.70 | $1.59 | $1.43 |
Dividend yield | 3.38% | 3.55% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Core MSCI EAFE 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 | $1.58 | $1.58 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.47 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.71 | $3.18 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.31 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $2.44 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.28 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $2.25 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.33 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $1.67 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.39 | $2.48 |
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 iShares Core MSCI EAFE 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 iShares Core MSCI EAFE ETF was 34.78%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -34.78%Mar 2020 | 2y 1mo | 7mo 28d | 2y 9moJan 2018 - Nov 2020 |
Bear market2022 | -30.41%Sep 2022 | 1y 20d | 1y 5mo | 2y 5moSep 2021 - Mar 2024 |
2016 bear market2016 | -22.06%Feb 2016 | 8mo 29d | 1y 2mo | 1y 11moMay 2015 - Apr 2017 |
2015 correction2015 | -14.41%Jan 2015 | 6mo 3d | 4mo 8d | 10mo 11dJul 2014 - May 2015 |
2025 selloff2025 | -13.76%Apr 2025 | 19d | 21d | 1mo 10dMar 2025 - Apr 2025 |
Drawdown Indicators
| IEFA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.78% | -56.78% | +22.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.50% | -9.10% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -13.76% | -18.90% | +5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | -25.43% | -4.98% |
Max Drawdown (10Y)Largest decline over 10 years | -34.78% | -33.92% | -0.86% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -10.71% | +4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.03% | +0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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