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EFAD vs. EFAV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EFAD vs. EFAV

Last updated Aug 2, 2026
Documentation

EFAD (ProShares MSCI EAFE Dividend Growers ETF) and EFAV (iShares MSCI EAFE Min Vol Factor ETF) are both Foreign Large Cap Equities funds - EFAD tracks the MSCI EAFE Dividend Masters Index while EFAV tracks the MSCI EAFE Minimum Volatility (USD) Index. Both are passively managed. Over the past 10 years, EFAD returned 4.31%/yr vs 6.38%/yr for EFAV. Their correlation of 0.88 means they have usually moved in the same direction. EFAD charges 0.50%/yr vs 0.20%/yr for EFAV.

Performance

EFAD vs. EFAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI EAFE Dividend Growers ETF (EFAD) 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, EFAD achieves a 5.98% return, which is significantly lower than EFAV's 9.79% return. Over the past 10 years, EFAD has underperformed EFAV with an annualized return of 4.31%, while EFAV has yielded a comparatively higher 6.38% annualized return.

EFAD

1D
-1.16%
1M
1.06%
6M
4.05%
YTD
5.98%
1Y
9.86%
3Y*
7.89%
5Y*
0.78%
10Y*
4.31%
ALL TIME*
2.89%

EFAV

1D
-1.09%
1M
4.40%
6M
6.21%
YTD
9.79%
1Y
16.01%
3Y*
14.35%
5Y*
6.86%
10Y*
6.38%
ALL TIME*
7.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EFAD

ProShares MSCI EAFE Dividend Growers ETF
$189.36K$164.64K$138.70K

EFAV

iShares MSCI EAFE Min Vol Factor ETF
$54.17M$49.40M$45.31M

EFAD vs. EFAV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EFAD
ProShares MSCI EAFE Dividend Growers ETF		5.98%15.87%-1.88%11.91%-21.34%8.41%8.75%24.66%-11.71%22.14%
EFAV
iShares MSCI EAFE Min Vol Factor ETF		9.79%26.00%5.30%12.52%-15.11%7.20%-0.06%16.67%-5.74%22.24%

Correlation

The correlation between EFAD and EFAV is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.80

Correlation (3Y)
Balances recent behavior with more history.

0.86

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.90

Correlation (10Y)
Provides a long-term view across more market conditions.

0.90

Correlation (All Time)
Calculated using the full available price history since Aug 21, 2014

0.88

The correlation between EFAD and EFAV has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.

EFAD vs. EFAV - Sectors Allocation Comparison

Sectors
EFAD
EFAV

Healthcare

20.9%
12.2%

Industrials

14.2%
15.7%

Technology

13.9%
4.4%

Financial Services

12.5%
19.7%

Consumer Defensive

10.7%
12.6%

Basic Materials

9.9%
1.6%

Utilities

7.9%
9.0%

Communication Services

5.9%
9.1%

Real Estate

4.1%
2.9%

Energy

1.3%
7.7%

Consumer Cyclical

-

5.1%

Healthcare

EFAD
20.9%
EFAV
12.2%

Industrials

EFAD
14.2%
EFAV
15.7%

Technology

EFAD
13.9%
EFAV
4.4%

Financial Services

EFAD
12.5%
EFAV
19.7%

Consumer Defensive

EFAD
10.7%
EFAV
12.6%

Basic Materials

EFAD
9.9%
EFAV
1.6%

Utilities

EFAD
7.9%
EFAV
9.0%

Communication Services

EFAD
5.9%
EFAV
9.1%

Real Estate

EFAD
4.1%
EFAV
2.9%

Energy

EFAD
1.3%
EFAV
7.7%

Consumer Cyclical

EFAD

-

EFAV
5.1%

Compare stocks, funds, or ETFs

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

ProShares MSCI EAFE Dividend Growers ETF

iShares MSCI EAFE Min Vol Factor ETF

Often compared with EFAD:
EFAD vs. EPDPXEFAD vs. EFAEFAD vs. SPYEFAD vs. DOLEFAD vs. FSTAEFAD vs. TDVEFAD vs. SPHY
Often compared with EFAV:
EFAV vs. EFVEFAV vs. EFAEFAV vs. ACWVEFAV vs. EEMVEFAV vs. USMVEFAV vs. EFASEFAV vs. SPLV

Return for Risk

EFAD vs. EFAV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EFAD
EFAD Risk / Return Rank: 3131
Overall Rank
EFAD Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
EFAD Sortino Ratio Rank: 3030
Sortino Ratio Rank
EFAD Omega Ratio Rank: 2929
Omega Ratio Rank
EFAD Calmar Ratio Rank: 3030
Calmar Ratio Rank
EFAD Martin Ratio Rank: 3535
Martin Ratio Rank
EFAV
EFAV Risk / Return Rank: 6969
Overall Rank
EFAV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
EFAV Sortino Ratio Rank: 7373
Sortino Ratio Rank
EFAV Omega Ratio Rank: 7373
Omega Ratio Rank
EFAV Calmar Ratio Rank: 7575
Calmar Ratio Rank
EFAV Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EFAD vs. EFAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI EAFE Dividend Growers ETF (EFAD) 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.

EFADEFAVDifference
Sharpe ratioReturn per unit of total volatility
0.76
1.64

-0.88

Sortino ratioReturn per unit of downside risk
1.14
2.35

-1.21

Omega ratioGain probability vs. loss probability

1.14

1.30

-0.16

Calmar ratioReturn relative to maximum drawdown

1.01

2.62

-1.61

Martin ratioReturn relative to average drawdown

3.38

6.10

-2.72

EFAD vs. EFAV - Sharpe Ratio Comparison

The current EFAD Sharpe Ratio is 0.76, which is lower than the EFAV Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of EFAD 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

EFAD vs. EFAV - Drawdown Comparison

The maximum EFAD drawdown since its inception was -35.74%, which is greater than EFAV's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for EFAD and EFAV.

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Drawdown Indicators

EFADEFAVDifference

Max Drawdown

Largest peak-to-trough decline

-35.74%

-27.56%

-8.18%

Max Drawdown (1Y)

Largest decline over 1 year

-10.18%

-6.66%

-3.52%

Max Drawdown (3Y)

Largest decline over 3 years

-13.35%

-8.65%

-4.70%

Max Drawdown (5Y)

Largest decline over 5 years

-35.74%

-27.46%

-8.28%

Max Drawdown (10Y)

Largest decline over 10 years

-35.74%

-27.56%

-8.18%

Current Drawdown

Current decline from peak

-1.16%

-1.09%

-0.07%

Average Drawdown

Average peak-to-trough decline

-10.29%

-4.76%

-5.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.05%

2.86%

+0.19%

Volatility

EFAD vs. EFAV - Volatility Comparison

ProShares MSCI EAFE Dividend Growers ETF (EFAD) has a higher volatility of 3.90% compared to iShares MSCI EAFE Min Vol Factor ETF (EFAV) at 3.28%. This indicates that EFAD'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

EFADEFAVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.90%

3.28%

+0.62%

Volatility (6M)

Calculated over the trailing 6-month period

11.45%

8.85%

+2.60%

Volatility (1Y)

Calculated over the trailing 1-year period

13.58%

10.67%

+2.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.50%

11.88%

+2.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.32%

13.03%

+2.29%

EFAD vs. EFAV - Expense Ratio Comparison

EFAD has a 0.50% expense ratio, which is higher than EFAV's 0.20% expense ratio.

Dividends

EFAD vs. EFAV - Dividend Comparison

EFAD's dividend yield for the trailing twelve months is around 2.58%, less than EFAV's 3.07% yield.

PositionTTM20252024202320222021202020192018201720162015
EFAD
ProShares MSCI EAFE Dividend Growers ETF		2.58%2.83%2.64%2.29%1.76%2.98%1.49%2.05%2.37%2.42%2.88%1.94%
EFAV
iShares MSCI EAFE Min Vol Factor ETF		3.07%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

EFAD and EFAV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EFAD has higher volatility (3.90%) compared to EFAV (3.28%). In terms of maximum drawdown, EFAD dropped -35.74% vs EFAV's -27.56%.

On 10-year performance, EFAV leads with 6.38% vs 4.31% for EFAD. On fees, EFAV is cheaper at 0.20% per year. On volatility, EFAV has been the lower-risk option at 3.28%. 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 6.38% return vs 4.31%. 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 0.50% for EFAD.

EFAV has the higher dividend yield at 3.07%, compared with 2.58% for EFAD.

EFAD tracks MSCI EAFE Dividend Masters Index, while EFAV tracks MSCI EAFE Minimum Volatility (USD) Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.50% for EFAD and 0.20% for EFAV.

EFAV currently has the higher Sharpe Ratio (1.64 vs 0.76), 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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