EFV vs. EFAS

Last updated Jun 24, 2026

EFV (iShares MSCI EAFE Value ETF) and EFAS (Global X MSCI SuperDividend® EAFE ETF) are both Foreign Large Cap Equities funds - EFV tracks the MSCI EAFE Value Index (Net) while EFAS tracks the MSCI EAFE Top 50 Dividend Index. Both are passively managed. Over the past 5 years, EFV returned 12.57%/yr vs 12.16%/yr for EFAS. A 0.79 correlation means they provide meaningful diversification when combined. EFV charges 0.31%/yr vs 0.56%/yr for EFAS.

Performance

EFV vs. EFAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EAFE Value ETF (EFV) and Global X MSCI SuperDividend® EAFE ETF (EFAS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EFV achieves a 9.13% return, which is significantly lower than EFAS's 12.32% return.

EFV

• 1D: -1.18%
• 1M: -0.92%
• YTD: 9.13%
• 6M: 8.96%
• 1Y: 28.26%
• 3Y*: 21.91%
• 5Y*: 12.57%
• 10Y*: 10.59%

EFAS

• 1D: -0.28%
• 1M: -2.81%
• YTD: 12.32%
• 6M: 12.80%
• 1Y: 26.33%
• 3Y*: 24.76%
• 5Y*: 12.16%
• 10Y*: —

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

EFV vs. EFAS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EFV iShares MSCI EAFE Value ETF	9.13%	42.22%	5.35%	18.85%	-5.22%	11.08%	-2.97%	15.80%	-14.67%	21.22%
EFAS Global X MSCI SuperDividend® EAFE ETF	12.32%	46.83%	3.07%	14.65%	-8.00%	12.75%	-5.42%	14.60%	-11.60%	22.76%

Correlation

The correlation between EFV and EFAS is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Nov 16, 2016	0.79

The correlation between EFV and EFAS has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

EFV vs. EFAS - Sectors Allocation Comparison

Sectors	EFV	EFAS
Financial Services	37.7%	31.0%
Industrials	10.4%	10.4%
Consumer Defensive	9.2%	8.1%
Healthcare	7.4%	0.1%
Energy	6.8%	13.1%
Basic Materials	6.4%	1.7%
Consumer Cyclical	6.1%	1.9%
Utilities	5.9%	13.7%
Communication Services	4.4%	8.6%
Technology	3.0%	0.1%
Real Estate	2.8%	11.4%

Return for Risk

EFV vs. EFAS — Risk / Return Rank

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

EFV

EFV Risk / Return Rank: 59
EFV Sharpe Ratio Rank: 62
EFV Sortino Ratio Rank: 61
EFV Omega Ratio Rank: 60
EFV Calmar Ratio Rank: 55
EFV Martin Ratio Rank: 57

EFAS

EFAS Risk / Return Rank: 79
EFAS Sharpe Ratio Rank: 80
EFAS Sortino Ratio Rank: 81
EFAS Omega Ratio Rank: 75
EFAS Calmar Ratio Rank: 88
EFAS Martin Ratio Rank: 72

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.

EFV vs. EFAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Value ETF (EFV) and Global X MSCI SuperDividend® EAFE ETF (EFAS). 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.

	EFV	EFAS	Difference
Sharpe ratio: Return per unit of total volatility	1.96	2.42	-0.46
Sortino ratio: Return per unit of downside risk	2.72	3.41	-0.68
Omega ratio: Gain probability vs. loss probability	1.35	1.42	-0.07
Calmar ratio: Return relative to maximum drawdown	2.61	4.99	-2.39
Martin ratio: Return relative to average drawdown	9.60	12.82	-3.22

EFV vs. EFAS - Sharpe Ratio Comparison

The current EFV Sharpe Ratio is 1.96, which is comparable to the EFAS Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of EFV and EFAS, 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

EFV vs. EFAS - Drawdown Comparison

The maximum EFV drawdown since its inception was -63.94%, which is greater than EFAS's maximum drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for EFV and EFAS.

Drawdown Indicators

	EFV	EFAS	Difference
Max Drawdown Largest peak-to-trough decline	-63.94%	-44.38%	-19.56%
Max Drawdown (1Y) Largest decline over 1 year	-10.90%	-5.30%	-5.60%
Max Drawdown (3Y) Largest decline over 3 years	-13.72%	-11.84%	-1.88%
Max Drawdown (5Y) Largest decline over 5 years	-25.84%	-28.81%	+2.97%
Max Drawdown (10Y) Largest decline over 10 years	-43.16%	—	—
Current Drawdown Current decline from peak	-2.52%	-3.56%	+1.04%
Average Drawdown Average peak-to-trough decline	-14.79%	-7.05%	-7.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	2.06%	+0.89%

Volatility

EFV vs. EFAS - Volatility Comparison

iShares MSCI EAFE Value ETF (EFV) has a higher volatility of 4.20% compared to Global X MSCI SuperDividend® EAFE ETF (EFAS) at 3.52%. This indicates that EFV's price experiences larger fluctuations and is considered to be riskier than EFAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFV	EFAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	3.52%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	8.69%	+3.32%
Volatility (1Y) Calculated over the trailing 1-year period	14.50%	10.95%	+3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.98%	15.59%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.53%	18.31%	-0.78%

EFV vs. EFAS - Expense Ratio Comparison

EFV has a 0.31% expense ratio, which is lower than EFAS's 0.56% expense ratio.

Dividends

EFV vs. EFAS - Dividend Comparison

EFV's dividend yield for the trailing twelve months is around 4.81%, more than EFAS's 4.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EFAS Global X MSCI SuperDividend® EAFE ETF	4.75%	4.83%	6.76%	6.33%	7.28%	5.19%	4.34%	5.75%	6.63%	6.15%	0.21%	0.00%
EFV iShares MSCI EAFE Value ETF	4.81%	4.16%	4.66%	4.36%	4.17%	4.07%	2.42%	4.62%	4.56%	3.56%	3.28%	3.59%

Frequently Asked Questions

Can I hold both EFV and EFAS in my portfolio?

EFV and EFAS have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EFV or EFAS?

EFV has higher volatility (4.20%) compared to EFAS (3.52%). In terms of maximum drawdown, EFV dropped -63.94% vs EFAS's -44.38%.

Which ETF is better, EFV or EFAS?

On 5-year performance, EFV leads with 12.57% vs 12.16% for EFAS. On fees, EFV is cheaper at 0.31% per year. On volatility, EFAS has been the lower-risk option at 3.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EFV or EFAS?

Over the 5-year period, EFV has performed better with a 12.57% return vs 12.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EFV or EFAS?

EFV is cheaper with a 0.31% expense ratio, compared with 0.56% for EFAS.

Which ETF pays a higher dividend yield, EFV or EFAS?

EFV has the higher dividend yield at 4.81%, compared with 4.75% for EFAS.

What is the main difference between EFV and EFAS?

EFV tracks MSCI EAFE Value Index (Net), while EFAS tracks MSCI EAFE Top 50 Dividend Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.31% for EFV and 0.56% for EFAS.

Which has better risk-adjusted returns?

EFAS currently has the higher Sharpe Ratio (2.42 vs 1.96), 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.