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DEEF vs. EFAV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DEEF vs. EFAV

Last updated Jun 24, 2026

DEEF (Xtrackers FTSE Developed ex US Multifactor ETF) and EFAV (iShares MSCI EAFE Min Vol Factor ETF) are both Foreign Large Cap Equities funds - DEEF tracks the FTSE Developed ex US Comprehensive Factor Net Tax (US RIC) Index while EFAV tracks the MSCI EAFE Minimum Volatility (USD) Index. Both are passively managed. Over the past 10 years, DEEF returned 8.60%/yr vs 6.31%/yr for EFAV. Their correlation of 0.82 suggests significant overlap in exposure. DEEF charges 0.24%/yr vs 0.20%/yr for EFAV.

Performance

DEEF vs. EFAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers FTSE Developed ex US Multifactor ETF (DEEF) 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, DEEF achieves a 7.53% return, which is significantly higher than EFAV's 2.67% return. Over the past 10 years, DEEF has outperformed EFAV with an annualized return of 8.60%, while EFAV has yielded a comparatively lower 6.31% annualized return.

DEEF

1D
-1.95%
1M
-2.58%
YTD
7.53%
6M
7.52%
1Y
20.22%
3Y*
16.83%
5Y*
7.21%
10Y*
8.60%

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)

DEEF vs. EFAV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DEEF
Xtrackers FTSE Developed ex US Multifactor ETF		7.53%32.36%2.77%16.99%-16.94%9.22%7.90%19.30%-14.50%29.23%
EFAV
iShares MSCI EAFE Min Vol Factor ETF		2.67%26.00%5.30%12.52%-15.11%7.20%-0.06%16.67%-5.74%22.24%

Correlation

The correlation between DEEF and EFAV is 0.78, 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

0.78

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

0.84

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

0.87

Correlation (10Y)
Calculated over the trailing 10-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Nov 24, 2015

0.82

The correlation between DEEF and EFAV has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

DEEF vs. EFAV - Sectors Allocation Comparison

Sectors
DEEF
EFAV

Industrials

25.0%
15.9%

Financial Services

14.2%
19.4%

Consumer Cyclical

10.8%
5.0%

Consumer Defensive

10.0%
11.9%

Basic Materials

9.2%
1.5%

Utilities

6.9%
8.8%

Real Estate

5.5%
3.0%

Energy

5.1%
8.3%

Technology

4.8%
4.6%

Communication Services

4.4%
9.6%

Healthcare

4.2%
12.0%

Industrials

DEEF
25.0%
EFAV
15.9%

Financial Services

DEEF
14.2%
EFAV
19.4%

Consumer Cyclical

DEEF
10.8%
EFAV
5.0%

Consumer Defensive

DEEF
10.0%
EFAV
11.9%

Basic Materials

DEEF
9.2%
EFAV
1.5%

Utilities

DEEF
6.9%
EFAV
8.8%

Real Estate

DEEF
5.5%
EFAV
3.0%

Energy

DEEF
5.1%
EFAV
8.3%

Technology

DEEF
4.8%
EFAV
4.6%

Communication Services

DEEF
4.4%
EFAV
9.6%

Healthcare

DEEF
4.2%
EFAV
12.0%

Compare stocks, funds, or ETFs

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

Xtrackers FTSE Developed ex US Multifactor ETF

iShares MSCI EAFE Min Vol Factor ETF

Often compared with DEEF:
DEEF vs. QLVDDEEF vs. VOODEEF vs. VYMIDEEF vs. HDEFDEEF vs. SPYDEEF vs. VXUSDEEF vs. EEM
Often compared with EFAV:
EFAV vs. EFVEFAV vs. EFAEFAV vs. ACWVEFAV vs. EEMVEFAV vs. USMVEFAV vs. EFASEFAV vs. SPLV

Return for Risk

DEEF vs. EFAV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DEEF
DEEF Risk / Return Rank: 4343
Overall Rank
DEEF Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
DEEF Sortino Ratio Rank: 4343
Sortino Ratio Rank
DEEF Omega Ratio Rank: 4545
Omega Ratio Rank
DEEF Calmar Ratio Rank: 4141
Calmar Ratio Rank
DEEF Martin Ratio Rank: 4242
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.

DEEF vs. EFAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE Developed ex US Multifactor ETF (DEEF) 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.

DEEFEFAVDifference
Sharpe ratioReturn per unit of total volatility
1.47
0.81

+0.66

Sortino ratioReturn per unit of downside risk
2.05
1.19

+0.86

Omega ratioGain probability vs. loss probability

1.27

1.15

+0.12

Calmar ratioReturn relative to maximum drawdown

1.91

1.28

+0.63

Martin ratioReturn relative to average drawdown

6.31

3.26

+3.05

DEEF vs. EFAV - Sharpe Ratio Comparison

The current DEEF Sharpe Ratio is 1.47, which is higher than the EFAV Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of DEEF 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

DEEF vs. EFAV - Drawdown Comparison

The maximum DEEF drawdown since its inception was -36.48%, which is greater than EFAV's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for DEEF and EFAV.

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Drawdown Indicators

DEEFEFAVDifference

Max Drawdown

Largest peak-to-trough decline

-36.48%

-27.56%

-8.92%

Max Drawdown (1Y)

Largest decline over 1 year

-10.64%

-6.66%

-3.98%

Max Drawdown (3Y)

Largest decline over 3 years

-11.07%

-8.75%

-2.32%

Max Drawdown (5Y)

Largest decline over 5 years

-31.08%

-27.46%

-3.62%

Max Drawdown (10Y)

Largest decline over 10 years

-36.48%

-27.56%

-8.92%

Current Drawdown

Current decline from peak

-6.00%

-6.66%

+0.66%

Average Drawdown

Average peak-to-trough decline

-7.08%

-4.77%

-2.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.21%

2.61%

+0.60%

Volatility

DEEF vs. EFAV - Volatility Comparison

Xtrackers FTSE Developed ex US Multifactor ETF (DEEF) has a higher volatility of 4.07% compared to iShares MSCI EAFE Min Vol Factor ETF (EFAV) at 3.10%. This indicates that DEEF'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

DEEFEFAVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.07%

3.10%

+0.97%

Volatility (6M)

Calculated over the trailing 6-month period

12.08%

8.53%

+3.55%

Volatility (1Y)

Calculated over the trailing 1-year period

13.88%

10.57%

+3.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.98%

11.82%

+3.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.04%

13.06%

+2.98%

DEEF vs. EFAV - Expense Ratio Comparison

DEEF has a 0.24% expense ratio, which is higher than EFAV's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DEEF vs. EFAV - Dividend Comparison

DEEF's dividend yield for the trailing twelve months is around 3.53%, more than EFAV's 3.29% yield.

PositionTTM20252024202320222021202020192018201720162015
DEEF
Xtrackers FTSE Developed ex US Multifactor ETF		3.53%3.63%4.04%3.96%3.31%3.84%2.71%3.74%2.80%2.61%4.35%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

DEEF and EFAV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DEEF has higher volatility (4.07%) compared to EFAV (3.10%). In terms of maximum drawdown, DEEF dropped -36.48% vs EFAV's -27.56%.

On 10-year performance, DEEF leads with 8.60% vs 6.31% 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 10-year period, DEEF has performed better with a 8.60% return vs 6.31%. 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 0.24% for DEEF.

DEEF has the higher dividend yield at 3.53%, compared with 3.29% for EFAV.

DEEF tracks FTSE Developed ex US Comprehensive Factor Net Tax (US RIC) Index, while EFAV tracks MSCI EAFE Minimum Volatility (USD) Index. They also come from different issuers: Deutsche Bank and iShares. Their fees differ too: 0.24% for DEEF and 0.20% for EFAV.

DEEF currently has the higher Sharpe Ratio (1.47 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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