EFG vs. VBK

Last updated Jun 26, 2026

EFG (iShares MSCI EAFE Growth ETF) and VBK (Vanguard Small-Cap Growth ETF) are both exchange-traded funds - EFG is a Foreign Large Cap Equities fund tracking the MSCI EAFE Growth Index, while VBK is a Small Cap Growth Equities fund tracking the CRSP US Small Cap Growth Index. Both are passively managed. Over the past 10 years, EFG returned 8.89%/yr vs 12.54%/yr for VBK. A 0.75 correlation means they provide meaningful diversification when combined. EFG charges 0.40%/yr vs 0.05%/yr for VBK.

Performance

EFG vs. VBK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EAFE Growth ETF (EFG) and Vanguard Small-Cap Growth ETF (VBK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EFG achieves a 8.93% return, which is significantly lower than VBK's 18.58% return. Over the past 10 years, EFG has underperformed VBK with an annualized return of 8.89%, while VBK has yielded a comparatively higher 12.54% annualized return.

EFG

• 1D: 1.13%
• 1M: 0.94%
• YTD: 8.93%
• 6M: 8.22%
• 1Y: 15.38%
• 3Y*: 11.75%
• 5Y*: 4.35%
• 10Y*: 8.89%

VBK

• 1D: 0.97%
• 1M: 1.44%
• YTD: 18.58%
• 6M: 15.61%
• 1Y: 32.21%
• 3Y*: 18.18%
• 5Y*: 4.81%
• 10Y*: 12.54%

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

EFG vs. VBK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EFG iShares MSCI EAFE Growth ETF	8.93%	20.70%	1.53%	17.55%	-23.12%	11.01%	17.85%	27.47%	-12.93%	28.86%
VBK Vanguard Small-Cap Growth ETF	18.58%	8.50%	16.50%	21.45%	-28.44%	5.66%	35.44%	32.75%	-5.70%	21.87%

Correlation

The correlation between EFG and VBK is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Aug 5, 2005	0.75

The correlation between EFG and VBK has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.

EFG vs. VBK - Sectors Allocation Comparison

Sectors	EFG	VBK
Industrials	28.3%	24.6%
Technology	20.3%	27.2%
Healthcare	13.2%	14.4%
Financial Services	11.3%	5.4%
Consumer Cyclical	9.1%	7.9%
Basic Materials	6.0%	2.7%
Communication Services	5.2%	3.0%
Consumer Defensive	3.7%	2.7%
Utilities	1.5%	1.3%
Real Estate	0.7%	3.5%
Energy	0.5%	4.4%

Return for Risk

EFG vs. VBK — Risk / Return Rank

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

EFG

EFG Risk / Return Rank: 27
EFG Sharpe Ratio Rank: 26
EFG Sortino Ratio Rank: 26
EFG Omega Ratio Rank: 25
EFG Calmar Ratio Rank: 27
EFG Martin Ratio Rank: 33

VBK

VBK Risk / Return Rank: 58
VBK Sharpe Ratio Rank: 55
VBK Sortino Ratio Rank: 53
VBK Omega Ratio Rank: 49
VBK Calmar Ratio Rank: 66
VBK Martin Ratio Rank: 67

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. VBK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Growth ETF (EFG) and Vanguard Small-Cap Growth ETF (VBK). 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.

	EFG	VBK	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.62	-0.76
Sortino ratio: Return per unit of downside risk	1.32	2.23	-0.91
Omega ratio: Gain probability vs. loss probability	1.16	1.27	-0.11
Calmar ratio: Return relative to maximum drawdown	1.21	2.83	-1.62
Martin ratio: Return relative to average drawdown	4.43	10.59	-6.16

EFG vs. VBK - Sharpe Ratio Comparison

The current EFG Sharpe Ratio is 0.85, which is lower than the VBK Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of EFG and VBK, 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

EFG vs. VBK - Drawdown Comparison

The maximum EFG drawdown since its inception was -58.40%, roughly equal to the maximum VBK drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for EFG and VBK.

Drawdown Indicators

	EFG	VBK	Difference
Max Drawdown Largest peak-to-trough decline	-58.40%	-58.68%	+0.28%
Max Drawdown (1Y) Largest decline over 1 year	-12.78%	-11.44%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	-16.87%	-27.54%	+10.67%
Max Drawdown (5Y) Largest decline over 5 years	-35.78%	-38.39%	+2.61%
Max Drawdown (10Y) Largest decline over 10 years	-35.78%	-38.70%	+2.92%
Current Drawdown Current decline from peak	-1.83%	-0.08%	-1.75%
Average Drawdown Average peak-to-trough decline	-12.12%	-10.13%	-1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	3.05%	+0.43%

Volatility

EFG vs. VBK - Volatility Comparison

iShares MSCI EAFE Growth ETF (EFG) and Vanguard Small-Cap Growth ETF (VBK) have volatilities of 7.04% and 6.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFG	VBK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.04%	6.97%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	15.67%	15.52%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.11%	20.07%	-1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.33%	23.63%	-5.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	22.91%	-5.32%

EFG vs. VBK - Expense Ratio Comparison

EFG has a 0.40% expense ratio, which is higher than VBK's 0.05% expense ratio.

Dividends

EFG vs. VBK - Dividend Comparison

EFG's dividend yield for the trailing twelve months is around 2.26%, more than VBK's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EFG iShares MSCI EAFE Growth ETF	2.26%	2.53%	1.64%	1.63%	1.27%	1.54%	0.85%	1.69%	1.98%	1.56%	2.20%	1.75%
VBK Vanguard Small-Cap Growth ETF	0.44%	0.54%	0.54%	0.68%	0.55%	0.36%	0.44%	0.57%	0.79%	0.82%	1.08%	0.98%

Frequently Asked Questions

Can I hold both EFG and VBK in my portfolio?

EFG and VBK have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EFG or VBK?

EFG has higher volatility (7.04%) compared to VBK (6.97%). In terms of maximum drawdown, EFG dropped -58.40% vs VBK's -58.68%.

Which ETF is better, EFG or VBK?

On 10-year performance, VBK leads with 12.54% vs 8.89% for EFG. On fees, VBK is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EFG or VBK?

Over the 10-year period, VBK has performed better with a 12.54% return vs 8.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EFG or VBK?

VBK is cheaper with a 0.05% expense ratio, compared with 0.40% for EFG.

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

EFG has the higher dividend yield at 2.26%, compared with 0.44% for VBK.

What is the main difference between EFG and VBK?

EFG is categorized as Foreign Large Cap Equities, while VBK is Small Cap Growth Equities. EFG tracks MSCI EAFE Growth Index, while VBK tracks CRSP US Small Cap Growth Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.40% for EFG and 0.05% for VBK.

Which has better risk-adjusted returns?

VBK currently has the higher Sharpe Ratio (1.62 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.