EDEN vs. IEI
EDEN (iShares MSCI Denmark ETF) and IEI (iShares 3-7 Year Treasury Bond ETF) are both exchange-traded funds - EDEN is a Europe Equities fund tracking the MSCI Denmark IMI 25/50 Index, while IEI is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index. Both are passively managed. Over the past 10 years, EDEN returned 9.22%/yr vs 1.24%/yr for IEI. At a correlation of -0.03, they often move in opposite directions. EDEN charges 0.53%/yr vs 0.15%/yr for IEI.
Performance
EDEN vs. IEI - Performance Comparison
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Returns By Period
In the year-to-date period, EDEN achieves a -3.05% return, which is significantly lower than IEI's -0.30% return. Over the past 10 years, EDEN has outperformed IEI with an annualized return of 9.22%, while IEI has yielded a comparatively lower 1.24% annualized return.
EDEN
- 1D
- -0.01%
- 1M
- -1.61%
- YTD
- -3.05%
- 6M
- -2.55%
- 1Y
- -6.97%
- 3Y*
- 2.87%
- 5Y*
- 2.08%
- 10Y*
- 9.22%
IEI
- 1D
- -0.12%
- 1M
- -0.00%
- YTD
- -0.30%
- 6M
- -0.00%
- 1Y
- 2.97%
- 3Y*
- 3.77%
- 5Y*
- 0.21%
- 10Y*
- 1.24%
EDEN vs. IEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | -3.05% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -14.43% | 35.39% |
IEI iShares 3-7 Year Treasury Bond ETF | -0.30% | 6.96% | 1.81% | 4.42% | -9.51% | -2.54% | 6.95% | 5.71% | 1.36% | 1.22% |
Correlation
The correlation between EDEN and IEI is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2012 | -0.03 |
The correlation between EDEN and IEI shifts across timeframes, from -0.03 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EDEN vs. IEI — Risk / Return Rank
EDEN
IEI
EDEN vs. IEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Denmark ETF (EDEN) and iShares 3-7 Year Treasury Bond ETF (IEI). 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.
| EDEN | IEI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.17 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 1.19 | -1.52 |
| Martin ratioReturn relative to average drawdown | -0.72 | 3.35 | -4.07 |
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Drawdowns
EDEN vs. IEI - Drawdown Comparison
The maximum EDEN drawdown since its inception was -36.61%, which is greater than IEI's maximum drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for EDEN and IEI.
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Drawdown Indicators
| EDEN | IEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -14.60% | -22.01% |
Max Drawdown (1Y)Largest decline over 1 year | -21.17% | -2.50% | -18.67% |
Max Drawdown (3Y)Largest decline over 3 years | -29.31% | -3.66% | -25.65% |
Max Drawdown (5Y)Largest decline over 5 years | -36.61% | -13.88% | -22.73% |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | -14.60% | -22.01% |
Current DrawdownCurrent decline from peak | -13.55% | -1.74% | -11.81% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -2.67% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.27% | 0.89% | +9.38% |
Volatility
EDEN vs. IEI - Volatility Comparison
iShares MSCI Denmark ETF (EDEN) has a higher volatility of 4.93% compared to iShares 3-7 Year Treasury Bond ETF (IEI) at 0.98%. This indicates that EDEN's price experiences larger fluctuations and is considered to be riskier than IEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDEN | IEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 0.98% | +3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 15.72% | 2.18% | +13.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.90% | 3.00% | +17.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.25% | 4.78% | +15.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.41% | 3.93% | +15.48% |
EDEN vs. IEI - Expense Ratio Comparison
EDEN has a 0.53% expense ratio, which is higher than IEI's 0.15% expense ratio.
Dividends
EDEN vs. IEI - Dividend Comparison
EDEN's dividend yield for the trailing twelve months is around 2.87%, less than IEI's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 2.87% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.64% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
Frequently Asked Questions
EDEN and IEI have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDEN has higher volatility (4.93%) compared to IEI (0.98%). In terms of maximum drawdown, EDEN dropped -36.61% vs IEI's -14.60%.
On 10-year performance, EDEN leads with 9.22% vs 1.24% for IEI. On fees, IEI is cheaper at 0.15% per year. On volatility, IEI has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EDEN has performed better with a 9.22% return vs 1.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEI is cheaper with a 0.15% expense ratio, compared with 0.53% for EDEN.
IEI has the higher dividend yield at 3.64%, compared with 2.87% for EDEN.
EDEN is categorized as Europe Equities, while IEI is Government Bonds. EDEN tracks MSCI Denmark IMI 25/50 Index, while IEI tracks ICE U.S. Treasury 3-7 Year Bond Index. Their fees differ too: 0.53% for EDEN and 0.15% for IEI.
IEI currently has the higher Sharpe Ratio (1.00 vs -0.34), 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.
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