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EFV vs. FIVA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EFV vs. FIVA

Last updated Aug 2, 2026
Documentation

EFV (iShares MSCI EAFE Value ETF) and FIVA (Fidelity International Value Factor ETF) are both Foreign Large Cap Equities funds - EFV tracks the MSCI EAFE Value Index (Net) while FIVA tracks the Fidelity International Value Factor Index. Both are passively managed. Over the past 5 years, EFV returned 14.42%/yr vs 13.93%/yr for FIVA. Their correlation of 0.93 means they have usually moved in the same direction. EFV charges 0.31%/yr vs 0.18%/yr for FIVA.

Performance

EFV vs. FIVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EAFE Value ETF (EFV) and Fidelity International Value Factor ETF (FIVA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with EFV having a 16.27% return and FIVA slightly higher at 16.41%.

EFV

1D
-0.53%
1M
3.89%
6M
10.21%
YTD
16.27%
1Y
34.23%
3Y*
22.38%
5Y*
14.42%
10Y*
10.63%
ALL TIME*
6.14%

FIVA

1D
-0.46%
1M
1.61%
6M
9.20%
YTD
16.41%
1Y
38.62%
3Y*
21.87%
5Y*
13.93%
10Y*
—
ALL TIME*
8.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EFV

iShares MSCI EAFE Value ETF
$244.79M$363.40M$390.92M

FIVA

Fidelity International Value Factor ETF
$2.76M$2.92M$3.12M

EFV vs. FIVA - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EFV
iShares MSCI EAFE Value ETF		16.27%42.22%5.35%18.85%-5.22%11.08%-2.97%15.80%-19.35%
FIVA
Fidelity International Value Factor ETF		16.41%45.83%2.53%20.38%-10.37%15.90%-1.78%19.78%-18.62%

Correlation

The correlation between EFV and FIVA is 0.92, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.92

Correlation (3Y)
Balances recent behavior with more history.

0.95

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.96

Correlation (All Time)
Calculated using the full available price history since Jan 18, 2018

0.93

The correlation between EFV and FIVA has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

EFV vs. FIVA - Sectors Allocation Comparison

Sectors
EFV
FIVA

Financial Services

38.8%
26.1%

Industrials

10.0%
17.9%

Consumer Defensive

9.8%
5.4%

Healthcare

7.6%
8.3%

Energy

6.2%
4.8%

Utilities

6.1%
3.4%

Basic Materials

6.0%
7.1%

Consumer Cyclical

5.6%
6.9%

Communication Services

4.1%
2.8%

Technology

3.1%
15.8%

Real Estate

2.7%
1.6%

Financial Services

EFV
38.8%
FIVA
26.1%

Industrials

EFV
10.0%
FIVA
17.9%

Consumer Defensive

EFV
9.8%
FIVA
5.4%

Healthcare

EFV
7.6%
FIVA
8.3%

Energy

EFV
6.2%
FIVA
4.8%

Utilities

EFV
6.1%
FIVA
3.4%

Basic Materials

EFV
6.0%
FIVA
7.1%

Consumer Cyclical

EFV
5.6%
FIVA
6.9%

Communication Services

EFV
4.1%
FIVA
2.8%

Technology

EFV
3.1%
FIVA
15.8%

Real Estate

EFV
2.7%
FIVA
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI EAFE Value ETF

Fidelity International Value Factor ETF

Often compared with EFV:
EFV vs. VEAEFV vs. EFAVEFV vs. DFIVXEFV vs. VOOEFV vs. VTRIXEFV vs. SCHFEFV vs. DFIV
Often compared with FIVA:
FIVA vs. FNDFFIVA vs. IVLUFIVA vs. SCHFFIVA vs. VEAFIVA vs. SCHYFIVA vs. RWXFIVA vs. VXUS

Return for Risk

EFV vs. FIVA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EFV
EFV Risk / Return Rank: 8989
Overall Rank
EFV Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
EFV Sortino Ratio Rank: 9191
Sortino Ratio Rank
EFV Omega Ratio Rank: 9191
Omega Ratio Rank
EFV Calmar Ratio Rank: 8484
Calmar Ratio Rank
EFV Martin Ratio Rank: 8585
Martin Ratio Rank
FIVA
FIVA Risk / Return Rank: 8989
Overall Rank
FIVA Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
FIVA Sortino Ratio Rank: 9292
Sortino Ratio Rank
FIVA Omega Ratio Rank: 9090
Omega Ratio Rank
FIVA Calmar Ratio Rank: 8585
Calmar Ratio Rank
FIVA Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EFV vs. FIVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Value ETF (EFV) and Fidelity International Value Factor ETF (FIVA). 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.

EFVFIVADifference
Sharpe ratioReturn per unit of total volatility
2.38
2.40

-0.01

Sortino ratioReturn per unit of downside risk
3.28
3.30

-0.02

Omega ratioGain probability vs. loss probability

1.43

1.42

+0.01

Calmar ratioReturn relative to maximum drawdown

3.14

3.27

-0.13

Martin ratioReturn relative to average drawdown

11.73

12.95

-1.22

EFV vs. FIVA - Sharpe Ratio Comparison

The current EFV Sharpe Ratio is 2.38, which is comparable to the FIVA Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of EFV and FIVA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EFV vs. FIVA - Drawdown Comparison

The maximum EFV drawdown since its inception was -63.94%, which is greater than FIVA's maximum drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for EFV and FIVA.

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Drawdown Indicators

EFVFIVADifference

Max Drawdown

Largest peak-to-trough decline

-63.94%

-39.76%

-24.18%

Max Drawdown (1Y)

Largest decline over 1 year

-10.90%

-11.71%

+0.81%

Max Drawdown (3Y)

Largest decline over 3 years

-13.72%

-14.77%

+1.05%

Max Drawdown (5Y)

Largest decline over 5 years

-25.84%

-28.70%

+2.86%

Max Drawdown (10Y)

Largest decline over 10 years

-43.16%

—

—

Current Drawdown

Current decline from peak

-0.53%

-0.46%

-0.07%

Average Drawdown

Average peak-to-trough decline

-14.72%

-7.65%

-7.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

2.95%

-0.04%

Volatility

EFV vs. FIVA - Volatility Comparison

iShares MSCI EAFE Value ETF (EFV) and Fidelity International Value Factor ETF (FIVA) have volatilities of 4.20% and 4.35%, 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.

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Volatility by Period

EFVFIVADifference

Volatility (1M)

Calculated over the trailing 1-month period

4.20%

4.35%

-0.15%

Volatility (6M)

Calculated over the trailing 6-month period

12.23%

13.81%

-1.58%

Volatility (1Y)

Calculated over the trailing 1-year period

14.38%

16.00%

-1.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.94%

16.45%

-0.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.46%

17.91%

-0.45%

EFV vs. FIVA - Expense Ratio Comparison

EFV has a 0.31% expense ratio, which is higher than FIVA's 0.18% expense ratio.

Dividends

EFV vs. FIVA - Dividend Comparison

EFV's dividend yield for the trailing twelve months is around 4.52%, more than FIVA's 2.59% yield.

PositionTTM20252024202320222021202020192018201720162015
EFV
iShares MSCI EAFE Value ETF		4.52%4.16%4.66%4.36%4.17%4.07%2.42%4.62%4.56%3.56%3.28%3.59%
FIVA
Fidelity International Value Factor ETF		2.59%2.68%3.52%3.63%3.62%3.76%2.46%3.61%3.28%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.92, EFV and FIVA 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.

FIVA has higher volatility (4.35%) compared to EFV (4.20%). In terms of maximum drawdown, EFV dropped -63.94% vs FIVA's -39.76%.

On 5-year performance, EFV leads with 14.42% vs 13.93% for FIVA. On fees, FIVA is cheaper at 0.18% per year. On volatility, EFV has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EFV has performed better with a 14.42% return vs 13.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FIVA is cheaper with a 0.18% expense ratio, compared with 0.31% for EFV.

EFV has the higher dividend yield at 4.52%, compared with 2.59% for FIVA.

EFV tracks MSCI EAFE Value Index (Net), while FIVA tracks Fidelity International Value Factor Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.31% for EFV and 0.18% for FIVA.

FIVA currently has the higher Sharpe Ratio (2.40 vs 2.38), 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.

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