ADIV vs. EFAS

Last updated Apr 1, 2026

Compare and contrast key facts about SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and Global X MSCI SuperDividend® EAFE ETF (EFAS).

ADIV and EFAS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ADIV is an actively managed fund by Guinness Atkinson Asset Management. It was launched on Mar 29, 2021. EFAS is a passively managed fund by Global X that tracks the performance of the MSCI EAFE Top 50 Dividend Index. It was launched on Nov 14, 2016.

Performance

ADIV vs. EFAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and Global X MSCI SuperDividend® EAFE ETF (EFAS). The values are adjusted to include any dividend payments, if applicable.

ADIV vs. EFAS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ADIV SmartETFs Asia Pacific Dividend Builder ETF	-2.19%	21.86%	14.47%	12.28%	-18.00%	1.50%
EFAS Global X MSCI SuperDividend® EAFE ETF	10.06%	46.83%	3.07%	14.65%	-8.00%	4.35%

Returns By Period

In the year-to-date period, ADIV achieves a -2.19% return, which is significantly lower than EFAS's 10.06% return.

ADIV

• 1D: 1.75%
• 1M: -6.80%
• YTD: -2.19%
• 6M: -1.25%
• 1Y: 17.88%
• 3Y*: 13.53%
• 5Y*: 4.87%
• 10Y*: —

EFAS

• 1D: 2.54%
• 1M: -1.59%
• YTD: 10.06%
• 6M: 15.25%
• 1Y: 39.97%
• 3Y*: 22.57%
• 5Y*: 12.83%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADIV vs. EFAS - Expense Ratio Comparison

ADIV has a 0.78% expense ratio, which is higher than EFAS's 0.56% expense ratio.

ADIV

SmartETFs Asia Pacific Dividend Builder ETF

EFAS

Global X MSCI SuperDividend® EAFE ETF

Return for Risk

ADIV vs. EFAS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADIV

ADIV Risk / Return Rank: 58
ADIV Sharpe Ratio Rank: 61
ADIV Sortino Ratio Rank: 60
ADIV Omega Ratio Rank: 61
ADIV Calmar Ratio Rank: 49
ADIV Martin Ratio Rank: 57

EFAS

EFAS Risk / Return Rank: 96
EFAS Sharpe Ratio Rank: 97
EFAS Sortino Ratio Rank: 97
EFAS Omega Ratio Rank: 97
EFAS Calmar Ratio Rank: 94
EFAS Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADIV vs. EFAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and Global X MSCI SuperDividend® EAFE ETF (EFAS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ADIV	EFAS	Difference
Sharpe ratio Return per unit of total volatility	1.05	2.83	-1.78
Sortino ratio Return per unit of downside risk	1.54	3.51	-1.98
Omega ratio Gain probability vs. loss probability	1.22	1.56	-0.34
Calmar ratio Return relative to maximum drawdown	1.25	3.73	-2.47
Martin ratio Return relative to average drawdown	5.47	17.19	-11.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADIV vs. EFAS - Sharpe Ratio Comparison

The current ADIV Sharpe Ratio is 1.05, which is lower than the EFAS Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of ADIV and EFAS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ADIV	EFAS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	2.83	-1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.82	-0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.55	-0.25

Correlation

The correlation between ADIV and EFAS is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ADIV vs. EFAS - Dividend Comparison

ADIV's dividend yield for the trailing twelve months is around 3.08%, less than EFAS's 4.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ADIV SmartETFs Asia Pacific Dividend Builder ETF	3.08%	2.77%	4.83%	4.55%	2.98%	13.85%	0.00%	0.00%	0.00%	0.00%	0.00%
EFAS Global X MSCI SuperDividend® EAFE ETF	4.54%	4.83%	6.76%	6.33%	7.28%	5.19%	4.34%	5.75%	6.63%	6.15%	0.21%

Drawdowns

ADIV vs. EFAS - Drawdown Comparison

The maximum ADIV drawdown since its inception was -31.55%, smaller than the maximum EFAS drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for ADIV and EFAS.

Drawdown Indicators

	ADIV	EFAS	Difference
Max Drawdown Largest peak-to-trough decline	-31.55%	-44.38%	+12.83%
Max Drawdown (1Y) Largest decline over 1 year	-13.51%	-10.52%	-2.99%
Max Drawdown (5Y) Largest decline over 5 years	-31.55%	-28.81%	-2.74%
Current Drawdown Current decline from peak	-8.41%	-1.59%	-6.82%
Average Drawdown Average peak-to-trough decline	-8.64%	-7.20%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	2.28%	+0.82%

Volatility

ADIV vs. EFAS - Volatility Comparison

SmartETFs Asia Pacific Dividend Builder ETF (ADIV) has a higher volatility of 6.43% compared to Global X MSCI SuperDividend® EAFE ETF (EFAS) at 5.52%. This indicates that ADIV's price experiences larger fluctuations and is considered to be riskier than EFAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADIV	EFAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	5.52%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	10.32%	8.29%	+2.03%
Volatility (1Y) Calculated over the trailing 1-year period	17.12%	14.22%	+2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.44%	15.68%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	18.45%	-2.02%