EDGI vs. IDEV

Last updated Jun 24, 2026

EDGI (3EDGE Dynamic International Equity ETF) and IDEV (iShares Core MSCI International Developed Markets ETF) are both Foreign Large Cap Equities funds. EDGI is actively managed, while IDEV is passively managed. Over the past year, EDGI returned 23.34% vs 23.11% for IDEV. Their correlation of 0.94 suggests significant overlap in exposure. EDGI charges 0.97%/yr vs 0.05%/yr for IDEV.

Performance

EDGI vs. IDEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 3EDGE Dynamic International Equity ETF (EDGI) and iShares Core MSCI International Developed Markets ETF (IDEV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EDGI having a 8.42% return and IDEV slightly lower at 8.34%.

EDGI

• 1D: -2.96%
• 1M: 0.13%
• YTD: 8.42%
• 6M: 8.38%
• 1Y: 23.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IDEV

• 1D: -1.85%
• 1M: -0.30%
• YTD: 8.34%
• 6M: 7.88%
• 1Y: 23.11%
• 3Y*: 17.47%
• 5Y*: 8.59%
• 10Y*: —

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

EDGI vs. IDEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EDGI 3EDGE Dynamic International Equity ETF	8.42%	26.77%	-7.13%
IDEV iShares Core MSCI International Developed Markets ETF	8.34%	32.56%	-6.79%

Correlation

The correlation between EDGI and IDEV is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	0.94

The correlation between EDGI and IDEV has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

EDGI vs. IDEV - Sectors Allocation Comparison

Sectors	EDGI	IDEV
Industrials	20.4%	18.8%
Technology	19.5%	11.1%
Financial Services	18.6%	24.0%
Consumer Cyclical	11.2%	7.7%
Basic Materials	6.6%	8.3%
Healthcare	6.1%	8.5%
Communication Services	5.9%	4.3%
Consumer Defensive	4.1%	5.8%
Energy	3.0%	5.4%
Real Estate	2.5%	2.7%
Utilities	2.0%	3.4%

Return for Risk

EDGI vs. IDEV — Risk / Return Rank

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

EDGI

EDGI Risk / Return Rank: 44
EDGI Sharpe Ratio Rank: 46
EDGI Sortino Ratio Rank: 44
EDGI Omega Ratio Rank: 46
EDGI Calmar Ratio Rank: 40
EDGI Martin Ratio Rank: 43

IDEV

IDEV Risk / Return Rank: 46
IDEV Sharpe Ratio Rank: 46
IDEV Sortino Ratio Rank: 45
IDEV Omega Ratio Rank: 45
IDEV Calmar Ratio Rank: 43
IDEV Martin Ratio Rank: 49

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.

EDGI vs. IDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3EDGE Dynamic International Equity ETF (EDGI) and iShares Core MSCI International Developed Markets ETF (IDEV). 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.

	EDGI	IDEV	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.54	-0.08
Sortino ratio: Return per unit of downside risk	2.03	2.19	-0.15
Omega ratio: Gain probability vs. loss probability	1.27	1.28	-0.01
Calmar ratio: Return relative to maximum drawdown	1.83	2.07	-0.25
Martin ratio: Return relative to average drawdown	6.45	8.10	-1.65

EDGI vs. IDEV - Sharpe Ratio Comparison

The current EDGI Sharpe Ratio is 1.46, which is comparable to the IDEV Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of EDGI and IDEV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EDGI vs. IDEV - Drawdown Comparison

The maximum EDGI drawdown since its inception was -14.52%, smaller than the maximum IDEV drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for EDGI and IDEV.

Drawdown Indicators

	EDGI	IDEV	Difference
Max Drawdown Largest peak-to-trough decline	-14.52%	-34.77%	+20.25%
Max Drawdown (1Y) Largest decline over 1 year	-12.84%	-11.20%	-1.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.15%	—
Current Drawdown Current decline from peak	-2.96%	-1.98%	-0.98%
Average Drawdown Average peak-to-trough decline	-2.87%	-6.53%	+3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	2.86%	+0.77%

Volatility

EDGI vs. IDEV - Volatility Comparison

3EDGE Dynamic International Equity ETF (EDGI) has a higher volatility of 6.49% compared to iShares Core MSCI International Developed Markets ETF (IDEV) at 5.07%. This indicates that EDGI's price experiences larger fluctuations and is considered to be riskier than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDGI	IDEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	5.07%	+1.42%
Volatility (6M) Calculated over the trailing 6-month period	14.04%	12.83%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	16.07%	15.07%	+1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.49%	16.35%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.49%	17.28%	-0.79%

EDGI vs. IDEV - Expense Ratio Comparison

EDGI has a 0.97% expense ratio, which is higher than IDEV's 0.05% expense ratio.

Dividends

EDGI vs. IDEV - Dividend Comparison

EDGI's dividend yield for the trailing twelve months is around 1.82%, less than IDEV's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDGI 3EDGE Dynamic International Equity ETF	1.82%	1.97%	0.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDEV iShares Core MSCI International Developed Markets ETF	3.26%	3.40%	3.30%	3.07%	2.69%	3.05%	2.00%	3.18%	3.16%	1.54%

Frequently Asked Questions

Can I hold both EDGI and IDEV in my portfolio?

With a correlation of 0.96, EDGI and IDEV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EDGI or IDEV?

EDGI has higher volatility (6.49%) compared to IDEV (5.07%). In terms of maximum drawdown, EDGI dropped -14.52% vs IDEV's -34.77%.

Which ETF is better, EDGI or IDEV?

On 1-year performance, EDGI leads with 23.34% vs 23.11% for IDEV. On fees, IDEV is cheaper at 0.05% per year. On volatility, IDEV has been the lower-risk option at 5.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGI or IDEV?

Over the 1-year period, EDGI has performed better with a 23.34% return vs 23.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGI or IDEV?

IDEV is cheaper with a 0.05% expense ratio, compared with 0.97% for EDGI.

Which ETF pays a higher dividend yield, EDGI or IDEV?

IDEV has the higher dividend yield at 3.26%, compared with 1.82% for EDGI.

What is the main difference between EDGI and IDEV?

They also come from different issuers: 3EDGE Asset Management and iShares. Their fees differ too: 0.97% for EDGI and 0.05% for IDEV.

Which has better risk-adjusted returns?

IDEV currently has the higher Sharpe Ratio (1.54 vs 1.46), 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.