EFG vs. BKIE

Last updated Jun 5, 2026

EFG (iShares MSCI EAFE Growth ETF) and BKIE (BNY Mellon International Equity ETF) are both Foreign Large Cap Equities funds - EFG tracks the MSCI EAFE Growth Index while BKIE tracks the Morningstar Developed Markets ex-US Large Cap Index. Both are passively managed. Over the past 5 years, EFG returned 4.43%/yr vs 9.22%/yr for BKIE. Their correlation of 0.94 suggests significant overlap in exposure. EFG charges 0.40%/yr vs 0.04%/yr for BKIE.

Performance

EFG vs. BKIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EAFE Growth ETF (EFG) and BNY Mellon International Equity ETF (BKIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with EFG having a 8.93% return and BKIE slightly higher at 9.30%.

EFG

• 1D: 0.94%
• 1M: 3.79%
• YTD: 8.93%
• 6M: 9.83%
• 1Y: 14.70%
• 3Y*: 11.46%
• 5Y*: 4.43%
• 10Y*: 8.02%

BKIE

• 1D: 0.78%
• 1M: 2.61%
• YTD: 9.30%
• 6M: 11.55%
• 1Y: 23.04%
• 3Y*: 17.90%
• 5Y*: 9.22%
• 10Y*: —

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

EFG vs. BKIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EFG iShares MSCI EAFE Growth ETF	8.93%	20.70%	1.53%	17.55%	-23.12%	11.01%	36.07%
BKIE BNY Mellon International Equity ETF	9.30%	32.08%	4.63%	18.25%	-13.60%	13.75%	34.17%

Correlation

The correlation between EFG and BKIE is 0.95 - 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020	0.94

The correlation between EFG and BKIE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

EFG vs. BKIE - Sectors Allocation Comparison

Sectors	EFG	BKIE
Industrials	29.6%	18.6%
Technology	18.1%	10.1%
Healthcare	14.2%	9.1%
Consumer Cyclical	10.7%	7.3%
Financial Services	10.6%	25.8%
Consumer Defensive	5.1%	6.2%
Communication Services	4.8%	4.2%
Basic Materials	4.6%	7.2%
Utilities	1.1%	3.7%
Real Estate	1.0%	2.0%
Energy	0.2%	5.9%

Return for Risk

EFG vs. BKIE — Risk / Return Rank

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

EFG

EFG Risk / Return Rank: 26
EFG Sharpe Ratio Rank: 25
EFG Sortino Ratio Rank: 25
EFG Omega Ratio Rank: 24
EFG Calmar Ratio Rank: 25
EFG Martin Ratio Rank: 30

BKIE

BKIE Risk / Return Rank: 45
BKIE Sharpe Ratio Rank: 46
BKIE Sortino Ratio Rank: 46
BKIE Omega Ratio Rank: 45
BKIE Calmar Ratio Rank: 41
BKIE Martin Ratio Rank: 48

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.

EFG vs. BKIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Growth ETF (EFG) and BNY Mellon International Equity ETF (BKIE). 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.

	EFG	BKIE	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.59	-0.72
Sortino ratio: Return per unit of downside risk	1.34	2.26	-0.93
Omega ratio: Gain probability vs. loss probability	1.16	1.28	-0.13
Calmar ratio: Return relative to maximum drawdown	1.15	2.03	-0.87
Martin ratio: Return relative to average drawdown	4.26	7.83	-3.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EFG vs. BKIE - Sharpe Ratio Comparison

The current EFG Sharpe Ratio is 0.86, which is lower than the BKIE Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of EFG and BKIE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EFG	BKIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	1.59	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.57	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.92	-0.63

Drawdowns

EFG vs. BKIE - Drawdown Comparison

The maximum EFG drawdown since its inception was -58.40%, which is greater than BKIE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for EFG and BKIE.

Drawdown Indicators

	EFG	BKIE	Difference
Max Drawdown Largest peak-to-trough decline	-58.40%	-28.19%	-30.21%
Max Drawdown (1Y) Largest decline over 1 year	-12.78%	-11.41%	-1.37%
Max Drawdown (3Y) Largest decline over 3 years	-16.87%	-13.19%	-3.68%
Max Drawdown (5Y) Largest decline over 5 years	-35.78%	-28.19%	-7.59%
Max Drawdown (10Y) Largest decline over 10 years	-35.78%	—	—
Current Drawdown Current decline from peak	0.00%	-0.56%	+0.56%
Average Drawdown Average peak-to-trough decline	-12.15%	-4.98%	-7.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	2.95%	+0.51%

Volatility

EFG vs. BKIE - Volatility Comparison

iShares MSCI EAFE Growth ETF (EFG) has a higher volatility of 5.72% compared to BNY Mellon International Equity ETF (BKIE) at 4.31%. This indicates that EFG's price experiences larger fluctuations and is considered to be riskier than BKIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFG	BKIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.72%	4.31%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	14.38%	12.19%	+2.19%
Volatility (1Y) Calculated over the trailing 1-year period	17.08%	14.58%	+2.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.11%	16.12%	+1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.69%	16.33%	+1.36%

EFG vs. BKIE - Expense Ratio Comparison

EFG has a 0.40% expense ratio, which is higher than BKIE's 0.04% expense ratio.

Dividends

EFG vs. BKIE - Dividend Comparison

EFG's dividend yield for the trailing twelve months is around 2.32%, less than BKIE's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKIE BNY Mellon International Equity ETF	3.24%	3.12%	3.31%	2.88%	2.97%	2.58%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%
EFG iShares MSCI EAFE Growth ETF	2.32%	2.53%	1.64%	1.63%	1.27%	1.54%	0.85%	1.69%	1.98%	1.56%	2.20%	1.75%

Frequently Asked Questions

Can I hold both EFG and BKIE in my portfolio?

With a correlation of 0.95, EFG and BKIE 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, EFG or BKIE?

EFG has higher volatility (5.72%) compared to BKIE (4.31%). In terms of maximum drawdown, EFG dropped -58.40% vs BKIE's -28.19%.

Which ETF is better, EFG or BKIE?

On 5-year performance, BKIE leads with 9.22% vs 4.43% for EFG. On fees, BKIE is cheaper at 0.04% per year. On volatility, BKIE has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EFG or BKIE?

Over the 5-year period, BKIE has performed better with a 9.22% return vs 4.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EFG or BKIE?

BKIE is cheaper with a 0.04% expense ratio, compared with 0.40% for EFG.

Which ETF pays a higher dividend yield, EFG or BKIE?

BKIE has the higher dividend yield at 3.24%, compared with 2.32% for EFG.

What is the main difference between EFG and BKIE?

EFG tracks MSCI EAFE Growth Index, while BKIE tracks Morningstar Developed Markets ex-US Large Cap Index. They also come from different issuers: iShares and BNY Mellon. Their fees differ too: 0.40% for EFG and 0.04% for BKIE.

Which has better risk-adjusted returns?

BKIE currently has the higher Sharpe Ratio (1.59 vs 0.86), 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.