ECH vs. EFAV
ECH (iShares MSCI Chile ETF) and EFAV (iShares MSCI EAFE Min Vol Factor ETF) are both Foreign Large Cap Equities funds from iShares - ECH tracks the MSCI Chile Investable Market Index while EFAV tracks the MSCI EAFE Minimum Volatility (USD) Index. Both are passively managed. Over the past 10 years, ECH returned 3.49%/yr vs 6.15%/yr for EFAV. A 0.50 correlation means they provide meaningful diversification when combined. ECH charges 0.59%/yr vs 0.20%/yr for EFAV.
Performance
ECH vs. EFAV - Performance Comparison
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Returns By Period
In the year-to-date period, ECH achieves a -0.99% return, which is significantly lower than EFAV's 5.99% return. Over the past 10 years, ECH has underperformed EFAV with an annualized return of 3.49%, while EFAV has yielded a comparatively higher 6.15% annualized return.
ECH
- 1D
- -2.04%
- 1M
- -3.61%
- 6M
- -8.82%
- YTD
- -0.99%
- 1Y
- 31.58%
- 3Y*
- 11.38%
- 5Y*
- 12.22%
- 10Y*
- 3.49%
EFAV
- 1D
- 0.12%
- 1M
- 0.61%
- 6M
- 4.32%
- YTD
- 5.99%
- 1Y
- 11.32%
- 3Y*
- 13.06%
- 5Y*
- 6.23%
- 10Y*
- 6.15%
ECH vs. EFAV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ECH iShares MSCI Chile ETF | -0.99% | 65.41% | -8.67% | 9.01% | 25.12% | -19.80% | -7.13% | -17.79% | -18.98% | 41.79% |
EFAV iShares MSCI EAFE Min Vol Factor ETF | 5.99% | 26.00% | 5.30% | 12.52% | -15.11% | 7.20% | -0.06% | 16.67% | -5.74% | 22.24% |
Correlation
The correlation between ECH and EFAV is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.50 |
The correlation between ECH and EFAV has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.
ECH vs. EFAV - Sectors Allocation Comparison
Sectors
ECH
EFAV
Financial Services
Basic Materials
Industrials
Utilities
Consumer Cyclical
Real Estate
Consumer Defensive
Communication Services
Energy
-
Healthcare
-
Technology
-
Financial Services
ECH
EFAV
Basic Materials
ECH
EFAV
Industrials
ECH
EFAV
Utilities
ECH
EFAV
Consumer Cyclical
ECH
EFAV
Real Estate
ECH
EFAV
Consumer Defensive
ECH
EFAV
Communication Services
ECH
EFAV
Energy
ECH
-
EFAV
Healthcare
ECH
-
EFAV
Technology
ECH
-
EFAV
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Return for Risk
ECH vs. EFAV — Risk / Return Rank
ECH
EFAV
ECH vs. EFAV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Chile ETF (ECH) 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.
| ECH | EFAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.71 | -0.10 |
| Martin ratioReturn relative to average drawdown | 3.53 | 4.00 | -0.47 |
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Drawdowns
ECH vs. EFAV - Drawdown Comparison
The maximum ECH drawdown since its inception was -74.08%, which is greater than EFAV's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for ECH and EFAV.
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Drawdown Indicators
| ECH | EFAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.08% | -27.56% | -46.52% |
Max Drawdown (1Y)Largest decline over 1 year | -19.74% | -6.66% | -13.08% |
Max Drawdown (3Y)Largest decline over 3 years | -25.59% | -8.75% | -16.84% |
Max Drawdown (5Y)Largest decline over 5 years | -25.59% | -27.46% | +1.87% |
Max Drawdown (10Y)Largest decline over 10 years | -66.89% | -27.56% | -39.33% |
Current DrawdownCurrent decline from peak | -26.43% | -3.64% | -22.79% |
Average DrawdownAverage peak-to-trough decline | -37.45% | -4.77% | -32.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.97% | 2.83% | +6.14% |
Volatility
ECH vs. EFAV - Volatility Comparison
iShares MSCI Chile ETF (ECH) has a higher volatility of 7.23% compared to iShares MSCI EAFE Min Vol Factor ETF (EFAV) at 3.44%. This indicates that ECH'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
| ECH | EFAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 3.44% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 21.17% | 8.79% | +12.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.46% | 10.70% | +14.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.54% | 11.84% | +15.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.20% | 13.02% | +14.18% |
ECH vs. EFAV - Expense Ratio Comparison
ECH has a 0.59% expense ratio, which is higher than EFAV's 0.20% expense ratio.
Dividends
ECH vs. EFAV - Dividend Comparison
ECH's dividend yield for the trailing twelve months is around 1.99%, less than EFAV's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECH iShares MSCI Chile ETF | 1.99% | 2.01% | 3.12% | 4.77% | 6.73% | 5.49% | 2.16% | 2.47% | 2.37% | 1.42% | 1.85% | 2.13% |
EFAV iShares MSCI EAFE Min Vol Factor ETF | 3.18% | 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
ECH and EFAV have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECH has higher volatility (7.23%) compared to EFAV (3.44%). In terms of maximum drawdown, ECH dropped -74.08% vs EFAV's -27.56%.
On 10-year performance, EFAV leads with 6.15% vs 3.49% for ECH. On fees, EFAV is cheaper at 0.20% per year. On volatility, EFAV has been the lower-risk option at 3.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EFAV has performed better with a 6.15% return vs 3.49%. 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 0.59% for ECH.
EFAV has the higher dividend yield at 3.18%, compared with 1.99% for ECH.
ECH tracks MSCI Chile Investable Market Index, while EFAV tracks MSCI EAFE Minimum Volatility (USD) Index. Their fees differ too: 0.59% for ECH and 0.20% for EFAV.
ECH currently has the higher Sharpe Ratio (1.25 vs 1.06), 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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