EFRA vs. DSI

Last updated Jun 16, 2026

EFRA (iShares Environmental Infrastructure and Industrials ETF) and DSI (iShares MSCI KLD 400 Social ETF) are both exchange-traded funds - EFRA is a Industrials Equities fund tracking the FTSE Green Revenues Select Infrastructure and Industrials Index, while DSI is a Large Cap Growth Equities fund tracking the MSCI KLD 400 Social Index. Both are passively managed. Over the past 3 years, EFRA returned 10.23%/yr vs 20.81%/yr for DSI. A 0.68 correlation means they provide meaningful diversification when combined. EFRA charges 0.47%/yr vs 0.25%/yr for DSI.

Performance

EFRA vs. DSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Environmental Infrastructure and Industrials ETF (EFRA) and iShares MSCI KLD 400 Social ETF (DSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EFRA achieves a 5.58% return, which is significantly lower than DSI's 11.83% return.

EFRA

• 1D: 0.72%
• 1M: 2.38%
• YTD: 5.58%
• 6M: 5.15%
• 1Y: 10.97%
• 3Y*: 10.23%
• 5Y*: —
• 10Y*: —

DSI

• 1D: 1.78%
• 1M: 2.10%
• YTD: 11.83%
• 6M: 12.35%
• 1Y: 29.36%
• 3Y*: 20.81%
• 5Y*: 13.33%
• 10Y*: 15.60%

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

EFRA vs. DSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EFRA iShares Environmental Infrastructure and Industrials ETF	5.58%	13.76%	8.09%	14.49%	8.75%
DSI iShares MSCI KLD 400 Social ETF	11.83%	18.03%	22.38%	28.51%	3.60%

Correlation

The correlation between EFRA and DSI is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022	0.68

The correlation between EFRA and DSI shifts across timeframes, from 0.57 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

EFRA vs. DSI - Sectors Allocation Comparison

Sectors	EFRA	DSI
Industrials	64.1%	8.0%
Utilities	24.2%	0.9%
Consumer Cyclical	6.4%	8.0%
Technology	2.8%	43.1%
Basic Materials	2.5%	2.2%
Communication Services	-	12.8%
Consumer Defensive	-	4.0%
Energy	-	1.5%
Financial Services	-	10.1%
Healthcare	-	7.0%
Real Estate	-	2.6%

Return for Risk

EFRA vs. DSI — Risk / Return Rank

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

EFRA

EFRA Risk / Return Rank: 22
EFRA Sharpe Ratio Rank: 23
EFRA Sortino Ratio Rank: 22
EFRA Omega Ratio Rank: 21
EFRA Calmar Ratio Rank: 22
EFRA Martin Ratio Rank: 23

DSI

DSI Risk / Return Rank: 68
DSI Sharpe Ratio Rank: 74
DSI Sortino Ratio Rank: 72
DSI Omega Ratio Rank: 73
DSI Calmar Ratio Rank: 58
DSI Martin Ratio Rank: 66

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.

EFRA vs. DSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Environmental Infrastructure and Industrials ETF (EFRA) and iShares MSCI KLD 400 Social ETF (DSI). 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.

	EFRA	DSI	Difference
Sharpe ratio: Return per unit of total volatility	0.76	2.17	-1.40
Sortino ratio: Return per unit of downside risk	1.17	2.93	-1.76
Omega ratio: Gain probability vs. loss probability	1.14	1.39	-0.25
Calmar ratio: Return relative to maximum drawdown	0.98	2.67	-1.69
Martin ratio: Return relative to average drawdown	2.69	11.05	-8.36

EFRA vs. DSI - Sharpe Ratio Comparison

The current EFRA Sharpe Ratio is 0.76, which is lower than the DSI Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of EFRA and DSI, 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

EFRA vs. DSI - Drawdown Comparison

The maximum EFRA drawdown since its inception was -16.25%, smaller than the maximum DSI drawdown of -54.23%. Use the drawdown chart below to compare losses from any high point for EFRA and DSI.

Drawdown Indicators

	EFRA	DSI	Difference
Max Drawdown Largest peak-to-trough decline	-16.25%	-54.23%	+37.98%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-11.05%	-0.15%
Max Drawdown (3Y) Largest decline over 3 years	-16.25%	-20.58%	+4.33%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.10%	—
Current Drawdown Current decline from peak	-6.44%	-0.51%	-5.93%
Average Drawdown Average peak-to-trough decline	-3.66%	-7.51%	+3.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	2.66%	+1.42%

Volatility

EFRA vs. DSI - Volatility Comparison

iShares Environmental Infrastructure and Industrials ETF (EFRA) and iShares MSCI KLD 400 Social ETF (DSI) have volatilities of 5.44% and 5.40%, 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

	EFRA	DSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	5.40%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	10.95%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	14.48%	13.65%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.58%	18.02%	-2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.58%	18.76%	-3.18%

EFRA vs. DSI - Expense Ratio Comparison

EFRA has a 0.47% expense ratio, which is higher than DSI's 0.25% expense ratio.

Dividends

EFRA vs. DSI - Dividend Comparison

EFRA's dividend yield for the trailing twelve months is around 5.13%, more than DSI's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSI iShares MSCI KLD 400 Social ETF	1.04%	0.92%	1.03%	1.19%	1.39%	0.99%	1.22%	1.40%	1.63%	1.28%	1.51%	1.46%
EFRA iShares Environmental Infrastructure and Industrials ETF	5.13%	4.34%	3.79%	1.85%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EFRA and DSI in my portfolio?

EFRA and DSI have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EFRA or DSI?

EFRA has higher volatility (5.44%) compared to DSI (5.40%). In terms of maximum drawdown, EFRA dropped -16.25% vs DSI's -54.23%.

Which ETF is better, EFRA or DSI?

On 3-year performance, DSI leads with 20.81% vs 10.23% for EFRA. On fees, DSI is cheaper at 0.25% 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, EFRA or DSI?

Over the 3-year period, DSI has performed better with a 20.81% return vs 10.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EFRA or DSI?

DSI is cheaper with a 0.25% expense ratio, compared with 0.47% for EFRA.

Which ETF pays a higher dividend yield, EFRA or DSI?

EFRA has the higher dividend yield at 5.13%, compared with 1.04% for DSI.

What is the main difference between EFRA and DSI?

EFRA is categorized as Industrials Equities, while DSI is Large Cap Growth Equities. EFRA tracks FTSE Green Revenues Select Infrastructure and Industrials Index, while DSI tracks MSCI KLD 400 Social Index. Their fees differ too: 0.47% for EFRA and 0.25% for DSI.

Which has better risk-adjusted returns?

DSI currently has the higher Sharpe Ratio (2.17 vs 0.76), 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.