CEFA vs. URTH

Last updated Jun 4, 2026

CEFA (Global X S&P Catholic Values Developed ex-U.S. ETF) and URTH (iShares MSCI World ETF) are both exchange-traded funds - CEFA is a Foreign Large Cap Equities fund tracking the S&P Developed ex-U.S. Catholic Values Index, while URTH is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 5 years, CEFA returned 6.64%/yr vs 11.86%/yr for URTH. A 0.72 correlation means they provide meaningful diversification when combined. CEFA charges 0.35%/yr vs 0.24%/yr for URTH.

Performance

CEFA vs. URTH - 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 World ETF (URTH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEFA achieves a 7.81% return, which is significantly lower than URTH's 10.16% return.

CEFA

• 1D: -0.77%
• 1M: 3.62%
• YTD: 7.81%
• 6M: 9.59%
• 1Y: 20.44%
• 3Y*: 15.15%
• 5Y*: 6.64%
• 10Y*: —

URTH

• 1D: -0.74%
• 1M: 4.65%
• YTD: 10.16%
• 6M: 10.88%
• 1Y: 26.06%
• 3Y*: 20.81%
• 5Y*: 11.86%
• 10Y*: 13.19%

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

CEFA vs. URTH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	7.81%	26.46%	5.03%	17.40%	-16.66%	7.97%	21.61%
URTH iShares MSCI World ETF	10.16%	21.36%	18.66%	23.95%	-17.97%	22.27%	24.43%

Correlation

The correlation between CEFA and URTH is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020	0.72

The correlation between CEFA and URTH shifts across timeframes, from 0.72 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.

CEFA vs. URTH - Sectors Allocation Comparison

Sectors	CEFA	URTH
Financial Services	26.1%	15.8%
Industrials	19.2%	11.3%
Technology	10.7%	28.3%
Healthcare	10.6%	8.8%
Consumer Cyclical	8.7%	9.3%
Consumer Defensive	6.7%	5.2%
Basic Materials	5.7%	3.3%
Energy	4.4%	4.2%
Communication Services	3.6%	9.3%
Utilities	3.2%	2.7%
Real Estate	1.3%	1.9%

Return for Risk

CEFA vs. URTH — Risk / Return Rank

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

CEFA

CEFA Risk / Return Rank: 38
CEFA Sharpe Ratio Rank: 37
CEFA Sortino Ratio Rank: 37
CEFA Omega Ratio Rank: 37
CEFA Calmar Ratio Rank: 36
CEFA Martin Ratio Rank: 41

URTH

URTH Risk / Return Rank: 63
URTH Sharpe Ratio Rank: 63
URTH Sortino Ratio Rank: 63
URTH Omega Ratio Rank: 63
URTH Calmar Ratio Rank: 57
URTH Martin Ratio Rank: 69

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. URTH - 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 World ETF (URTH). 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.

	CEFA	URTH	Difference
Sharpe ratio Return per unit of total volatility	1.34	2.17	-0.83
Sortino ratio Return per unit of downside risk	1.94	3.02	-1.07
Omega ratio Gain probability vs. loss probability	1.24	1.39	-0.15
Calmar ratio Return relative to maximum drawdown	1.78	2.89	-1.11
Martin ratio Return relative to average drawdown	6.54	13.11	-6.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEFA vs. URTH - Sharpe Ratio Comparison

The current CEFA Sharpe Ratio is 1.34, which is lower than the URTH Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of CEFA and URTH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CEFA	URTH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	2.17	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.74	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.73	-0.09

Drawdowns

CEFA vs. URTH - Drawdown Comparison

The maximum CEFA drawdown since its inception was -31.97%, smaller than the maximum URTH drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for CEFA and URTH.

Drawdown Indicators

	CEFA	URTH	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-34.01%	+2.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-9.06%	-2.48%
Max Drawdown (3Y) Largest decline over 3 years	-15.45%	-16.94%	+1.49%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-26.05%	-5.92%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.01%	—
Current Drawdown Current decline from peak	-1.47%	-0.74%	-0.73%
Average Drawdown Average peak-to-trough decline	-7.05%	-4.37%	-2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	1.99%	+1.14%

Volatility

CEFA vs. URTH - Volatility Comparison

Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) has a higher volatility of 5.01% compared to iShares MSCI World ETF (URTH) at 3.27%. This indicates that CEFA's price experiences larger fluctuations and is considered to be riskier than URTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEFA	URTH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	3.27%	+1.74%
Volatility (6M) Calculated over the trailing 6-month period	12.77%	9.42%	+3.35%
Volatility (1Y) Calculated over the trailing 1-year period	15.33%	12.05%	+3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.61%	16.19%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.21%	17.27%	-0.06%

CEFA vs. URTH - Expense Ratio Comparison

CEFA has a 0.35% expense ratio, which is higher than URTH's 0.24% expense ratio.

Dividends

CEFA vs. URTH - Dividend Comparison

CEFA's dividend yield for the trailing twelve months is around 2.65%, more than URTH's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	2.65%	2.86%	3.26%	2.35%	2.35%	3.49%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%
URTH iShares MSCI World ETF	1.35%	1.48%	1.47%	1.70%	1.68%	1.50%	1.52%	2.16%	2.30%	1.88%	2.15%	2.35%

Frequently Asked Questions

Can I hold both CEFA and URTH in my portfolio?

CEFA and URTH have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CEFA or URTH?

CEFA has higher volatility (5.01%) compared to URTH (3.27%). In terms of maximum drawdown, CEFA dropped -31.97% vs URTH's -34.01%.

Which ETF is better, CEFA or URTH?

On 5-year performance, URTH leads with 11.86% vs 6.64% for CEFA. On fees, URTH is cheaper at 0.24% per year. On volatility, URTH has been the lower-risk option at 3.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CEFA or URTH?

Over the 5-year period, URTH has performed better with a 11.86% return vs 6.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CEFA or URTH?

URTH is cheaper with a 0.24% expense ratio, compared with 0.35% for CEFA.

Which ETF pays a higher dividend yield, CEFA or URTH?

CEFA has the higher dividend yield at 2.65%, compared with 1.35% for URTH.

What is the main difference between CEFA and URTH?

CEFA is categorized as Foreign Large Cap Equities, while URTH is Global Equities. CEFA tracks S&P Developed ex-U.S. Catholic Values Index, while URTH tracks MSCI World Index (Net). They also come from different issuers: Global X and iShares. Their fees differ too: 0.35% for CEFA and 0.24% for URTH.

Which has better risk-adjusted returns?

URTH currently has the higher Sharpe Ratio (2.17 vs 1.34), 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.