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EFAV vs. DEEF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EFAV vs. DEEF

Last updated Jun 26, 2026

EFAV (iShares MSCI EAFE Min Vol Factor ETF) and DEEF (Xtrackers FTSE Developed ex US Multifactor ETF) are both Foreign Large Cap Equities funds - EFAV tracks the MSCI EAFE Minimum Volatility (USD) Index while DEEF tracks the FTSE Developed ex US Comprehensive Factor Net Tax (US RIC) Index. Both are passively managed. Over the past 10 years, EFAV returned 6.44%/yr vs 9.04%/yr for DEEF. Their correlation of 0.82 suggests significant overlap in exposure. EFAV charges 0.20%/yr vs 0.24%/yr for DEEF.

Performance

EFAV vs. DEEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EAFE Min Vol Factor ETF (EFAV) and Xtrackers FTSE Developed ex US Multifactor ETF (DEEF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EFAV achieves a 2.87% return, which is significantly lower than DEEF's 8.64% return. Over the past 10 years, EFAV has underperformed DEEF with an annualized return of 6.44%, while DEEF has yielded a comparatively higher 9.04% annualized return.

EFAV

1D
0.09%
1M
-2.63%
YTD
2.87%
6M
2.52%
1Y
8.94%
3Y*
12.70%
5Y*
5.82%
10Y*
6.44%

DEEF

1D
0.46%
1M
-2.50%
YTD
8.64%
6M
8.32%
1Y
20.84%
3Y*
17.09%
5Y*
7.34%
10Y*
9.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EFAV vs. DEEF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EFAV
iShares MSCI EAFE Min Vol Factor ETF		2.87%26.00%5.30%12.52%-15.11%7.20%-0.06%16.67%-5.74%22.24%
DEEF
Xtrackers FTSE Developed ex US Multifactor ETF		8.64%32.36%2.77%16.99%-16.94%9.22%7.90%19.30%-14.50%29.23%

Correlation

The correlation between EFAV and DEEF is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (5Y)
Calculated over the trailing 5-year period

0.87

Correlation (10Y)
Calculated over the trailing 10-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Nov 24, 2015

0.82

The correlation between EFAV and DEEF has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

EFAV vs. DEEF - Sectors Allocation Comparison

Sectors
EFAV
DEEF

Financial Services

19.4%
14.2%

Industrials

15.9%
25.0%

Healthcare

12.0%
4.2%

Consumer Defensive

11.9%
10.0%

Communication Services

9.6%
4.4%

Utilities

8.8%
6.9%

Energy

8.3%
5.1%

Consumer Cyclical

5.0%
10.8%

Technology

4.6%
4.8%

Real Estate

3.0%
5.5%

Basic Materials

1.5%
9.2%

Financial Services

EFAV
19.4%
DEEF
14.2%

Industrials

EFAV
15.9%
DEEF
25.0%

Healthcare

EFAV
12.0%
DEEF
4.2%

Consumer Defensive

EFAV
11.9%
DEEF
10.0%

Communication Services

EFAV
9.6%
DEEF
4.4%

Utilities

EFAV
8.8%
DEEF
6.9%

Energy

EFAV
8.3%
DEEF
5.1%

Consumer Cyclical

EFAV
5.0%
DEEF
10.8%

Technology

EFAV
4.6%
DEEF
4.8%

Real Estate

EFAV
3.0%
DEEF
5.5%

Basic Materials

EFAV
1.5%
DEEF
9.2%

Compare stocks, funds, or ETFs

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

iShares MSCI EAFE Min Vol Factor ETF

Xtrackers FTSE Developed ex US Multifactor ETF

Often compared with EFAV:
EFAV vs. EFVEFAV vs. EFAEFAV vs. ACWVEFAV vs. EEMVEFAV vs. USMVEFAV vs. EFASEFAV vs. SPLV
Often compared with DEEF:
DEEF vs. QLVDDEEF vs. VOODEEF vs. VYMIDEEF vs. HDEFDEEF vs. SPYDEEF vs. VXUSDEEF vs. EEM

Return for Risk

EFAV vs. DEEF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EFAV
EFAV Risk / Return Rank: 2626
Overall Rank
EFAV Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
EFAV Sortino Ratio Rank: 2424
Sortino Ratio Rank
EFAV Omega Ratio Rank: 2424
Omega Ratio Rank
EFAV Calmar Ratio Rank: 3030
Calmar Ratio Rank
EFAV Martin Ratio Rank: 2727
Martin Ratio Rank
DEEF
DEEF Risk / Return Rank: 4747
Overall Rank
DEEF Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
DEEF Sortino Ratio Rank: 4747
Sortino Ratio Rank
DEEF Omega Ratio Rank: 4949
Omega Ratio Rank
DEEF Calmar Ratio Rank: 4444
Calmar Ratio Rank
DEEF Martin Ratio Rank: 4444
Martin Ratio Rank
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.

EFAV vs. DEEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Min Vol Factor ETF (EFAV) and Xtrackers FTSE Developed ex US Multifactor ETF (DEEF). 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.

EFAVDEEFDifference
Sharpe ratioReturn per unit of total volatility
0.85
1.51

-0.66

Sortino ratioReturn per unit of downside risk
1.25
2.11

-0.86

Omega ratioGain probability vs. loss probability

1.16

1.28

-0.12

Calmar ratioReturn relative to maximum drawdown

1.35

1.97

-0.62

Martin ratioReturn relative to average drawdown

3.35

6.43

-3.09

EFAV vs. DEEF - Sharpe Ratio Comparison

The current EFAV Sharpe Ratio is 0.85, which is lower than the DEEF Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of EFAV and DEEF, 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

EFAV vs. DEEF - Drawdown Comparison

The maximum EFAV drawdown since its inception was -27.56%, smaller than the maximum DEEF drawdown of -36.48%. Use the drawdown chart below to compare losses from any high point for EFAV and DEEF.

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Drawdown Indicators

EFAVDEEFDifference

Max Drawdown

Largest peak-to-trough decline

-27.56%

-36.48%

+8.92%

Max Drawdown (1Y)

Largest decline over 1 year

-6.66%

-10.64%

+3.98%

Max Drawdown (3Y)

Largest decline over 3 years

-8.75%

-11.07%

+2.32%

Max Drawdown (5Y)

Largest decline over 5 years

-27.46%

-31.08%

+3.62%

Max Drawdown (10Y)

Largest decline over 10 years

-27.56%

-36.48%

+8.92%

Current Drawdown

Current decline from peak

-6.48%

-5.03%

-1.45%

Average Drawdown

Average peak-to-trough decline

-4.77%

-7.07%

+2.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.67%

3.25%

-0.58%

Volatility

EFAV vs. DEEF - Volatility Comparison

The current volatility for iShares MSCI EAFE Min Vol Factor ETF (EFAV) is 3.06%, while Xtrackers FTSE Developed ex US Multifactor ETF (DEEF) has a volatility of 4.03%. This indicates that EFAV experiences smaller price fluctuations and is considered to be less risky than DEEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EFAVDEEFDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.06%

4.03%

-0.97%

Volatility (6M)

Calculated over the trailing 6-month period

8.53%

12.09%

-3.56%

Volatility (1Y)

Calculated over the trailing 1-year period

10.54%

13.85%

-3.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.82%

14.98%

-3.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.05%

16.04%

-2.99%

EFAV vs. DEEF - Expense Ratio Comparison

EFAV has a 0.20% expense ratio, which is lower than DEEF's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EFAV vs. DEEF - Dividend Comparison

EFAV's dividend yield for the trailing twelve months is around 3.28%, less than DEEF's 3.49% yield.

PositionTTM20252024202320222021202020192018201720162015
DEEF
Xtrackers FTSE Developed ex US Multifactor ETF		3.49%3.63%4.04%3.96%3.31%3.84%2.71%3.74%2.80%2.61%4.35%0.00%
EFAV
iShares MSCI EAFE Min Vol Factor ETF		3.28%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

EFAV and DEEF have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DEEF has higher volatility (4.03%) compared to EFAV (3.06%). In terms of maximum drawdown, EFAV dropped -27.56% vs DEEF's -36.48%.

On 10-year performance, DEEF leads with 9.04% vs 6.44% for EFAV. On fees, EFAV is cheaper at 0.20% per year. On volatility, EFAV has been the lower-risk option at 3.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DEEF has performed better with a 9.04% return vs 6.44%. 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 0.24% for DEEF.

DEEF has the higher dividend yield at 3.49%, compared with 3.28% for EFAV.

EFAV tracks MSCI EAFE Minimum Volatility (USD) Index, while DEEF tracks FTSE Developed ex US Comprehensive Factor Net Tax (US RIC) Index. They also come from different issuers: iShares and Deutsche Bank. Their fees differ too: 0.20% for EFAV and 0.24% for DEEF.

DEEF currently has the higher Sharpe Ratio (1.51 vs 0.85), 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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