BIIEX vs. EFA
Compare and contrast key facts about Brandes International Equity Fund (BIIEX) and iShares MSCI EAFE ETF (EFA).
BIIEX is managed by Brandes. It was launched on Jan 1, 1997. EFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Index. It was launched on Aug 14, 2001.
Performance
BIIEX vs. EFA - Performance Comparison
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BIIEX vs. EFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIIEX Brandes International Equity Fund | 2.59% | 38.82% | 7.17% | 30.40% | -8.46% | 12.86% | -1.83% | 14.48% | -9.52% | 15.14% |
EFA iShares MSCI EAFE ETF | 2.69% | 31.55% | 3.49% | 18.36% | -14.39% | 11.45% | 7.60% | 22.04% | -13.82% | 25.07% |
Returns By Period
The year-to-date returns for both investments are quite close, with BIIEX having a 2.59% return and EFA slightly higher at 2.69%. Over the past 10 years, BIIEX has outperformed EFA with an annualized return of 10.02%, while EFA has yielded a comparatively lower 8.93% annualized return.
BIIEX
- 1D
- 2.48%
- 1M
- -5.86%
- YTD
- 2.59%
- 6M
- 7.39%
- 1Y
- 28.70%
- 3Y*
- 21.49%
- 5Y*
- 13.51%
- 10Y*
- 10.02%
EFA
- 1D
- 1.52%
- 1M
- -4.54%
- YTD
- 2.69%
- 6M
- 6.65%
- 1Y
- 24.78%
- 3Y*
- 14.94%
- 5Y*
- 8.43%
- 10Y*
- 8.93%
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BIIEX vs. EFA - Expense Ratio Comparison
BIIEX has a 0.85% expense ratio, which is higher than EFA's 0.32% expense ratio.
Return for Risk
BIIEX vs. EFA — Risk / Return Rank
BIIEX
EFA
BIIEX vs. EFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes International Equity Fund (BIIEX) and iShares MSCI EAFE ETF (EFA). 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.
| BIIEX | EFA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 1.40 | +0.47 |
Sortino ratioReturn per unit of downside risk | 2.53 | 1.99 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.29 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.19 | +0.26 |
Martin ratioReturn relative to average drawdown | 9.76 | 8.30 | +1.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIIEX | EFA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.40 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.52 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.52 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.30 | +0.12 |
Correlation
The correlation between BIIEX and EFA is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BIIEX vs. EFA - Dividend Comparison
BIIEX's dividend yield for the trailing twelve months is around 6.01%, more than EFA's 3.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIIEX Brandes International Equity Fund | 6.01% | 6.17% | 2.95% | 2.51% | 3.57% | 3.81% | 1.86% | 3.76% | 2.83% | 1.80% | 3.58% | 2.53% |
EFA iShares MSCI EAFE ETF | 3.29% | 3.38% | 3.24% | 2.98% | 2.69% | 3.33% | 2.13% | 3.10% | 3.39% | 2.57% | 3.07% | 2.76% |
Drawdowns
BIIEX vs. EFA - Drawdown Comparison
The maximum BIIEX drawdown since its inception was -58.76%, roughly equal to the maximum EFA drawdown of -61.04%. Use the drawdown chart below to compare losses from any high point for BIIEX and EFA.
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Drawdown Indicators
| BIIEX | EFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -61.04% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.17% | -11.42% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -29.73% | -29.53% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -42.67% | -34.19% | -8.48% |
Current DrawdownCurrent decline from peak | -7.69% | -6.67% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -11.64% | -12.00% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.01% | -0.21% |
Volatility
BIIEX vs. EFA - Volatility Comparison
The current volatility for Brandes International Equity Fund (BIIEX) is 6.55%, while iShares MSCI EAFE ETF (EFA) has a volatility of 7.51%. This indicates that BIIEX experiences smaller price fluctuations and is considered to be less risky than EFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIIEX | EFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.55% | 7.51% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 11.21% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.36% | 17.74% | -2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 16.32% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 17.20% | -0.21% |