EFAV vs. VXZ

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Edge MSCI Min Vol EAFE ETF (EFAV) and iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ).

EFAV is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Minimum Volatility Index. It was launched on Oct 18, 2011. VXZ is a passively managed fund by Barclays Capital that tracks the performance of the S&P 500 VIX Mid-Term Futures Index Total Return. It was launched on Jan 17, 2018. Both EFAV and VXZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EFAV vs. VXZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI Min Vol EAFE ETF (EFAV) and iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ). The values are adjusted to include any dividend payments, if applicable.

EFAV vs. VXZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EFAV iShares Edge MSCI Min Vol EAFE ETF	6.56%	26.00%	5.30%	12.52%	-15.11%	7.20%	-0.06%	16.67%	-7.91%
VXZ iPath Series B S&P 500® VIX Mid-Term Futures ETN	10.67%	5.73%	-12.65%	-43.98%	0.47%	-16.38%	72.77%	-20.10%	31.89%

Returns By Period

In the year-to-date period, EFAV achieves a 6.56% return, which is significantly lower than VXZ's 10.67% return.

EFAV

• 1D: 0.59%
• 1M: -1.60%
• YTD: 6.56%
• 6M: 9.32%
• 1Y: 21.69%
• 3Y*: 14.35%
• 5Y*: 7.66%
• 10Y*: 6.52%

VXZ

• 1D: -2.16%
• 1M: 7.03%
• YTD: 10.67%
• 6M: 6.96%
• 1Y: 7.09%
• 3Y*: -13.47%
• 5Y*: -12.39%
• 10Y*: —

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

Return for Risk

EFAV vs. VXZ — Risk / Return Rank

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

EFAV

EFAV Risk / Return Rank: 87
EFAV Sharpe Ratio Rank: 85
EFAV Sortino Ratio Rank: 86
EFAV Omega Ratio Rank: 84
EFAV Calmar Ratio Rank: 89
EFAV Martin Ratio Rank: 88

VXZ

VXZ Risk / Return Rank: 46
VXZ Sharpe Ratio Rank: 49
VXZ Sortino Ratio Rank: 43
VXZ Omega Ratio Rank: 44
VXZ Calmar Ratio Rank: 49
VXZ Martin Ratio Rank: 46

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. VXZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Min Vol EAFE ETF (EFAV) and iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ). 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.

	EFAV	VXZ	Difference
Sharpe ratio Return per unit of total volatility	1.78	0.23	+1.55
Sortino ratio Return per unit of downside risk	2.38	0.58	+1.80
Omega ratio Gain probability vs. loss probability	1.34	1.08	+0.26
Calmar ratio Return relative to maximum drawdown	3.06	0.32	+2.74
Martin ratio Return relative to average drawdown	11.18	0.47	+10.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EFAV vs. VXZ - Sharpe Ratio Comparison

The current EFAV Sharpe Ratio is 1.78, which is higher than the VXZ Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of EFAV and VXZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EFAV	VXZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	0.23	+1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	-0.42	+1.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	-0.05	+0.60

Correlation

The correlation between EFAV and VXZ is -0.47. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

EFAV vs. VXZ - Dividend Comparison

EFAV's dividend yield for the trailing twelve months is around 3.00%, while VXZ has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EFAV iShares Edge MSCI Min Vol EAFE ETF	3.00%	3.20%	3.24%	3.08%	2.53%	2.47%	1.33%	4.19%	3.34%	2.45%	3.94%	2.49%
VXZ iPath Series B S&P 500® VIX Mid-Term Futures ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EFAV vs. VXZ - Drawdown Comparison

The maximum EFAV drawdown since its inception was -27.56%, smaller than the maximum VXZ drawdown of -69.00%. Use the drawdown chart below to compare losses from any high point for EFAV and VXZ.

Drawdown Indicators

	EFAV	VXZ	Difference
Max Drawdown Largest peak-to-trough decline	-27.56%	-69.00%	+41.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-23.10%	+15.96%
Max Drawdown (5Y) Largest decline over 5 years	-27.46%	-62.05%	+34.59%
Max Drawdown (10Y) Largest decline over 10 years	-27.56%	—	—
Current Drawdown Current decline from peak	-3.12%	-61.60%	+58.48%
Average Drawdown Average peak-to-trough decline	-4.78%	-36.21%	+31.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	15.83%	-13.88%

Volatility

EFAV vs. VXZ - Volatility Comparison

The current volatility for iShares Edge MSCI Min Vol EAFE ETF (EFAV) is 4.83%, while iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ) has a volatility of 9.56%. This indicates that EFAV experiences smaller price fluctuations and is considered to be less risky than VXZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFAV	VXZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	9.56%	-4.73%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	15.14%	-7.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.22%	30.58%	-18.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.74%	29.62%	-17.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.21%	34.39%	-21.18%