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CEFA vs. EFAV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CEFA vs. EFAV

Last updated Jun 24, 2026

CEFA (Global X S&P Catholic Values Developed ex-U.S. ETF) and EFAV (iShares MSCI EAFE Min Vol Factor ETF) are both Foreign Large Cap Equities funds - CEFA tracks the S&P Developed ex-U.S. Catholic Values Index while EFAV tracks the MSCI EAFE Minimum Volatility (USD) Index. Both are passively managed. Over the past 5 years, CEFA returned 6.74%/yr vs 5.83%/yr for EFAV. A 0.70 correlation means they provide meaningful diversification when combined. CEFA charges 0.35%/yr vs 0.20%/yr for EFAV.

Performance

CEFA vs. EFAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) and iShares MSCI EAFE Min Vol Factor ETF (EFAV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CEFA achieves a 7.16% return, which is significantly higher than EFAV's 2.67% return.

CEFA

1D
-2.25%
1M
0.25%
YTD
7.16%
6M
6.74%
1Y
20.65%
3Y*
15.05%
5Y*
6.74%
10Y*
—

EFAV

1D
-0.18%
1M
-3.17%
YTD
2.67%
6M
2.24%
1Y
8.51%
3Y*
12.53%
5Y*
5.83%
10Y*
6.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CEFA vs. EFAV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
CEFA
Global X S&P Catholic Values Developed ex-U.S. ETF		7.16%26.46%5.03%17.40%-16.66%7.97%21.61%
EFAV
iShares MSCI EAFE Min Vol Factor ETF		2.67%26.00%5.30%12.52%-15.11%7.20%9.34%

Correlation

The correlation between CEFA and EFAV is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.77

Correlation (3Y)
Calculated over the trailing 3-year period

0.79

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Jun 24, 2020

0.70

The correlation between CEFA and EFAV has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.

CEFA vs. EFAV - Sectors Allocation Comparison

Sectors
CEFA
EFAV

Financial Services

24.0%
19.4%

Industrials

16.5%
15.9%

Technology

12.8%
4.6%

Healthcare

9.9%
12.0%

Consumer Cyclical

8.3%
5.0%

Consumer Defensive

6.2%
11.9%

Basic Materials

5.8%
1.5%

Energy

3.7%
8.3%

Communication Services

3.2%
9.6%

Utilities

2.9%
8.8%

Real Estate

1.0%
3.0%

Financial Services

CEFA
24.0%
EFAV
19.4%

Industrials

CEFA
16.5%
EFAV
15.9%

Technology

CEFA
12.8%
EFAV
4.6%

Healthcare

CEFA
9.9%
EFAV
12.0%

Consumer Cyclical

CEFA
8.3%
EFAV
5.0%

Consumer Defensive

CEFA
6.2%
EFAV
11.9%

Basic Materials

CEFA
5.8%
EFAV
1.5%

Energy

CEFA
3.7%
EFAV
8.3%

Communication Services

CEFA
3.2%
EFAV
9.6%

Utilities

CEFA
2.9%
EFAV
8.8%

Real Estate

CEFA
1.0%
EFAV
3.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X S&P Catholic Values Developed ex-U.S. ETF

iShares MSCI EAFE Min Vol Factor ETF

Often compared with CEFA:
CEFA vs. ACWXCEFA vs. VXUSCEFA vs. FTECCEFA vs. VEUCEFA vs. URTHCEFA vs. VEACEFA vs. CEFS
Often compared with EFAV:
EFAV vs. EFVEFAV vs. EFAEFAV vs. ACWVEFAV vs. EEMVEFAV vs. USMVEFAV vs. EFASEFAV vs. SPLV

Return for Risk

CEFA vs. EFAV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEFA
CEFA Risk / Return Rank: 3939
Overall Rank
CEFA Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
CEFA Sortino Ratio Rank: 3939
Sortino Ratio Rank
CEFA Omega Ratio Rank: 3838
Omega Ratio Rank
CEFA Calmar Ratio Rank: 3838
Calmar Ratio Rank
CEFA Martin Ratio Rank: 4343
Martin Ratio Rank
EFAV
EFAV Risk / Return Rank: 2424
Overall Rank
EFAV Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
EFAV Sortino Ratio Rank: 2222
Sortino Ratio Rank
EFAV Omega Ratio Rank: 2222
Omega Ratio Rank
EFAV Calmar Ratio Rank: 2727
Calmar Ratio Rank
EFAV Martin Ratio Rank: 2626
Martin Ratio Rank
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.

CEFA vs. EFAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) and iShares MSCI EAFE Min Vol Factor ETF (EFAV). 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.

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.

CEFAEFAVDifference
Sharpe ratioReturn per unit of total volatility
1.29
0.81

+0.49

Sortino ratioReturn per unit of downside risk
1.88
1.19

+0.68

Omega ratioGain probability vs. loss probability

1.24

1.15

+0.09

Calmar ratioReturn relative to maximum drawdown

1.80

1.28

+0.52

Martin ratioReturn relative to average drawdown

6.57

3.26

+3.30

CEFA vs. EFAV - Sharpe Ratio Comparison

The current CEFA Sharpe Ratio is 1.29, which is higher than the EFAV Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of CEFA and EFAV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CEFA vs. EFAV - Drawdown Comparison

The maximum CEFA drawdown since its inception was -31.97%, which is greater than EFAV's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for CEFA and EFAV.

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Drawdown Indicators

CEFAEFAVDifference

Max Drawdown

Largest peak-to-trough decline

-31.97%

-27.56%

-4.41%

Max Drawdown (1Y)

Largest decline over 1 year

-11.54%

-6.66%

-4.88%

Max Drawdown (3Y)

Largest decline over 3 years

-15.45%

-8.75%

-6.70%

Max Drawdown (5Y)

Largest decline over 5 years

-31.97%

-27.46%

-4.51%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.56%

—

Current Drawdown

Current decline from peak

-2.29%

-6.66%

+4.37%

Average Drawdown

Average peak-to-trough decline

-7.00%

-4.77%

-2.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.15%

2.61%

+0.54%

Volatility

CEFA vs. EFAV - Volatility Comparison

Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) has a higher volatility of 5.65% compared to iShares MSCI EAFE Min Vol Factor ETF (EFAV) at 3.10%. This indicates that CEFA's price experiences larger fluctuations and is considered to be riskier than EFAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CEFAEFAVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.65%

3.10%

+2.55%

Volatility (6M)

Calculated over the trailing 6-month period

13.62%

8.53%

+5.09%

Volatility (1Y)

Calculated over the trailing 1-year period

16.03%

10.57%

+5.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.73%

11.82%

+5.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.27%

13.06%

+4.21%

CEFA vs. EFAV - Expense Ratio Comparison

CEFA has a 0.35% expense ratio, which is higher than EFAV's 0.20% expense ratio.

Dividends

CEFA vs. EFAV - Dividend Comparison

CEFA's dividend yield for the trailing twelve months is around 2.67%, less than EFAV's 3.29% yield.

PositionTTM20252024202320222021202020192018201720162015
CEFA
Global X S&P Catholic Values Developed ex-U.S. ETF		2.67%2.86%3.26%2.35%2.35%3.49%0.84%0.00%0.00%0.00%0.00%0.00%
EFAV
iShares MSCI EAFE Min Vol Factor ETF		3.29%3.20%3.24%3.08%2.53%2.47%1.33%4.19%3.34%2.45%3.94%2.49%

Frequently Asked Questions

CEFA and EFAV have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CEFA has higher volatility (5.65%) compared to EFAV (3.10%). In terms of maximum drawdown, CEFA dropped -31.97% vs EFAV's -27.56%.

On 5-year performance, CEFA leads with 6.74% vs 5.83% for EFAV. On fees, EFAV is cheaper at 0.20% per year. On volatility, EFAV has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, CEFA has performed better with a 6.74% return vs 5.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EFAV is cheaper with a 0.20% expense ratio, compared with 0.35% for CEFA.

EFAV has the higher dividend yield at 3.29%, compared with 2.67% for CEFA.

CEFA tracks S&P Developed ex-U.S. Catholic Values Index, while EFAV tracks MSCI EAFE Minimum Volatility (USD) Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.35% for CEFA and 0.20% for EFAV.

CEFA currently has the higher Sharpe Ratio (1.29 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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