EFAS vs. DIVB

Last updated Jul 14, 2026

EFAS (Global X MSCI SuperDividend® EAFE ETF) and DIVB (iShares Core Dividend ETF) are both Dividend funds - EFAS tracks the MSCI EAFE Top 50 Dividend Index while DIVB tracks the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, EFAS returned 12.99%/yr vs 12.91%/yr for DIVB. A 0.61 correlation means they provide meaningful diversification when combined. EFAS charges 0.55%/yr vs 0.05%/yr for DIVB.

Performance

EFAS vs. DIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI SuperDividend® EAFE ETF (EFAS) and iShares Core Dividend ETF (DIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EFAS achieves a 14.78% return, which is significantly lower than DIVB's 22.13% return.

EFAS

• 1D: 0.30%
• 1M: -0.58%
• 6M: 13.14%
• YTD: 14.78%
• 1Y: 26.59%
• 3Y*: 23.34%
• 5Y*: 12.99%
• 10Y*: —

DIVB

• 1D: 0.94%
• 1M: 3.79%
• 6M: 19.39%
• YTD: 22.13%
• 1Y: 29.18%
• 3Y*: 21.85%
• 5Y*: 12.91%
• 10Y*: —

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

EFAS vs. DIVB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EFAS Global X MSCI SuperDividend® EAFE ETF	14.78%	46.83%	3.07%	14.65%	-8.00%	12.75%	-5.42%	14.60%	-11.60%	3.16%
DIVB iShares Core Dividend ETF	22.13%	15.09%	18.59%	13.27%	-10.51%	31.29%	10.78%	32.72%	-8.16%	5.95%

Correlation

The correlation between EFAS and DIVB is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017	0.61

The correlation between EFAS and DIVB shifts across timeframes, from 0.48 (3 years) to 0.61 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EFAS vs. DIVB — Risk / Return Rank

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

EFAS

EFAS Risk / Return Rank: 89
EFAS Sharpe Ratio Rank: 91
EFAS Sortino Ratio Rank: 91
EFAS Omega Ratio Rank: 88
EFAS Calmar Ratio Rank: 93
EFAS Martin Ratio Rank: 81

DIVB

DIVB Risk / Return Rank: 90
DIVB Sharpe Ratio Rank: 91
DIVB Sortino Ratio Rank: 91
DIVB Omega Ratio Rank: 89
DIVB Calmar Ratio Rank: 90
DIVB Martin Ratio Rank: 87

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.

EFAS vs. DIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI SuperDividend® EAFE ETF (EFAS) and iShares Core Dividend ETF (DIVB). 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.

	EFAS	DIVB	Difference
Sharpe ratio: Return per unit of total volatility	2.45	2.47	-0.02
Sortino ratio: Return per unit of downside risk	3.45	3.48	-0.02
Omega ratio: Gain probability vs. loss probability	1.43	1.44	-0.01
Calmar ratio: Return relative to maximum drawdown	5.04	4.30	+0.74
Martin ratio: Return relative to average drawdown	12.31	14.43	-2.12

EFAS vs. DIVB - Sharpe Ratio Comparison

The current EFAS Sharpe Ratio is 2.45, which is comparable to the DIVB Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of EFAS and DIVB, 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

EFAS vs. DIVB - Drawdown Comparison

The maximum EFAS drawdown since its inception was -44.38%, which is greater than DIVB's maximum drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for EFAS and DIVB.

Drawdown Indicators

	EFAS	DIVB	Difference
Max Drawdown Largest peak-to-trough decline	-44.38%	-36.93%	-7.45%
Max Drawdown (1Y) Largest decline over 1 year	-5.30%	-6.82%	+1.52%
Max Drawdown (3Y) Largest decline over 3 years	-11.84%	-15.45%	+3.61%
Max Drawdown (5Y) Largest decline over 5 years	-28.81%	-21.08%	-7.73%
Current Drawdown Current decline from peak	-1.45%	0.00%	-1.45%
Average Drawdown Average peak-to-trough decline	-7.02%	-4.94%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	2.03%	+0.14%

Volatility

EFAS vs. DIVB - Volatility Comparison

The current volatility for Global X MSCI SuperDividend® EAFE ETF (EFAS) is 3.08%, while iShares Core Dividend ETF (DIVB) has a volatility of 3.92%. This indicates that EFAS experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFAS	DIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	3.92%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	8.70%	9.02%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	10.94%	11.90%	-0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	15.30%	+0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	18.34%	-0.07%

EFAS vs. DIVB - Expense Ratio Comparison

EFAS has a 0.55% expense ratio, which is higher than DIVB's 0.05% expense ratio.

Dividends

EFAS vs. DIVB - Dividend Comparison

EFAS's dividend yield for the trailing twelve months is around 4.75%, more than DIVB's 2.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIVB iShares Core Dividend ETF	2.17%	2.50%	2.61%	3.18%	2.02%	1.63%	2.08%	2.07%	2.52%	0.37%	0.00%
EFAS Global X MSCI SuperDividend® EAFE ETF	4.75%	4.83%	6.76%	6.33%	7.28%	5.19%	4.34%	5.75%	6.63%	6.15%	0.21%

Frequently Asked Questions

Can I hold both EFAS and DIVB in my portfolio?

EFAS and DIVB have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EFAS or DIVB?

DIVB has higher volatility (3.92%) compared to EFAS (3.08%). In terms of maximum drawdown, EFAS dropped -44.38% vs DIVB's -36.93%.

Which ETF is better, EFAS or DIVB?

On 5-year performance, EFAS leads with 12.99% vs 12.91% for DIVB. On fees, DIVB is cheaper at 0.05% per year. On volatility, EFAS has been the lower-risk option at 3.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EFAS or DIVB?

Over the 5-year period, EFAS has performed better with a 12.99% return vs 12.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EFAS or DIVB?

DIVB is cheaper with a 0.05% expense ratio, compared with 0.55% for EFAS.

Which ETF pays a higher dividend yield, EFAS or DIVB?

EFAS has the higher dividend yield at 4.75%, compared with 2.17% for DIVB.

What is the main difference between EFAS and DIVB?

EFAS tracks MSCI EAFE Top 50 Dividend Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.55% for EFAS and 0.05% for DIVB.

Which has better risk-adjusted returns?

DIVB currently has the higher Sharpe Ratio (2.47 vs 2.45), 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.