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EFV vs. IDEV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EFV vs. IDEV

Last updated Aug 4, 2026
Documentation

EFV (iShares MSCI EAFE Value ETF) and IDEV (iShares Core MSCI International Developed Markets ETF) are both Foreign Large Cap Equities funds from iShares - EFV tracks the MSCI EAFE Value Index (Net) while IDEV tracks the MSCI World ex USA Investable Market Index. Both are passively managed. Over the past 5 years, EFV returned 14.34%/yr vs 9.20%/yr for IDEV. Their correlation of 0.94 means they have usually moved in the same direction. EFV charges 0.31%/yr vs 0.05%/yr for IDEV.

Performance

EFV vs. IDEV - Performance Comparison

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

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Returns By Period

In the year-to-date period, EFV achieves a 16.57% return, which is significantly higher than IDEV's 11.93% return.

EFV

1D
0.26%
1M
4.16%
6M
9.61%
YTD
16.57%
1Y
34.58%
3Y*
23.11%
5Y*
14.34%
10Y*
10.51%
ALL TIME*
6.15%

IDEV

1D
0.51%
1M
1.55%
6M
6.28%
YTD
11.93%
1Y
25.93%
3Y*
17.91%
5Y*
9.20%
10Y*
—
ALL TIME*
9.57%
*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
$246.44M$344.02M$395.70M

IDEV

iShares Core MSCI International Developed Markets ETF
$151.32M$130.93M$128.23M

EFV vs. IDEV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EFV
iShares MSCI EAFE Value ETF		16.57%42.22%5.35%18.85%-5.22%11.08%-2.97%15.80%-14.67%14.55%
IDEV
iShares Core MSCI International Developed Markets ETF		11.93%32.56%4.54%17.36%-14.99%13.00%8.32%23.12%-14.10%17.43%

Correlation

The correlation between EFV and IDEV is 0.94, 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.

0.94

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

0.95

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

0.95

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2017

0.94

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

EFV vs. IDEV - Sectors Allocation Comparison

Sectors
EFV
IDEV

Financial Services

38.8%
24.8%

Industrials

10.0%
18.4%

Consumer Defensive

9.8%
6.0%

Healthcare

7.6%
8.7%

Energy

6.2%
5.0%

Utilities

6.1%
3.5%

Basic Materials

6.0%
7.5%

Consumer Cyclical

5.6%
7.6%

Communication Services

4.1%
3.9%

Technology

3.1%
11.9%

Real Estate

2.7%
2.6%

Financial Services

EFV
38.8%
IDEV
24.8%

Industrials

EFV
10.0%
IDEV
18.4%

Consumer Defensive

EFV
9.8%
IDEV
6.0%

Healthcare

EFV
7.6%
IDEV
8.7%

Energy

EFV
6.2%
IDEV
5.0%

Utilities

EFV
6.1%
IDEV
3.5%

Basic Materials

EFV
6.0%
IDEV
7.5%

Consumer Cyclical

EFV
5.6%
IDEV
7.6%

Communication Services

EFV
4.1%
IDEV
3.9%

Technology

EFV
3.1%
IDEV
11.9%

Real Estate

EFV
2.7%
IDEV
2.6%

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

iShares Core MSCI International Developed Markets ETF

Often compared with EFV:
EFV vs. VEAEFV vs. EFAVEFV vs. FIVAEFV vs. VOOEFV vs. DFIVXEFV vs. VTRIXEFV vs. SCHF
Often compared with IDEV:
IDEV vs. VYMIIDEV vs. VEAIDEV vs. IEFAIDEV vs. IXUSIDEV vs. SCHFIDEV vs. FDEVIDEV vs. VEU

Return for Risk

EFV vs. IDEV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EFV
EFV Risk / Return Rank: 8888
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: 8484
Martin Ratio Rank
IDEV
IDEV Risk / Return Rank: 7171
Overall Rank
IDEV Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
IDEV Sortino Ratio Rank: 7373
Sortino Ratio Rank
IDEV Omega Ratio Rank: 7272
Omega Ratio Rank
IDEV Calmar Ratio Rank: 6565
Calmar Ratio Rank
IDEV Martin Ratio Rank: 7373
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. IDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Value ETF (EFV) and iShares Core MSCI International Developed Markets ETF (IDEV). 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.

EFVIDEVDifference
Sharpe ratioReturn per unit of total volatility
2.42
1.72

+0.70

Sortino ratioReturn per unit of downside risk
3.32
2.42

+0.91

Omega ratioGain probability vs. loss probability

1.43

1.31

+0.13

Calmar ratioReturn relative to maximum drawdown

3.19

2.33

+0.86

Martin ratioReturn relative to average drawdown

11.90

9.17

+2.73

EFV vs. IDEV - Sharpe Ratio Comparison

The current EFV Sharpe Ratio is 2.42, which is higher than the IDEV Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of EFV and IDEV, 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. IDEV - Drawdown Comparison

The maximum EFV drawdown since its inception was -63.94%, which is greater than IDEV's maximum drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for EFV and IDEV.

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Drawdown Indicators

EFVIDEVDifference

Max Drawdown

Largest peak-to-trough decline

-63.94%

-34.77%

-29.17%

Max Drawdown (1Y)

Largest decline over 1 year

-10.90%

-11.20%

+0.30%

Max Drawdown (3Y)

Largest decline over 3 years

-13.72%

-13.41%

-0.31%

Max Drawdown (5Y)

Largest decline over 5 years

-25.84%

-29.15%

+3.31%

Max Drawdown (10Y)

Largest decline over 10 years

-43.16%

—

—

Current Drawdown

Current decline from peak

-0.27%

-0.22%

-0.05%

Average Drawdown

Average peak-to-trough decline

-14.72%

-6.47%

-8.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

2.83%

+0.08%

Volatility

EFV vs. IDEV - Volatility Comparison

The current volatility for iShares MSCI EAFE Value ETF (EFV) is 3.85%, while iShares Core MSCI International Developed Markets ETF (IDEV) has a volatility of 4.35%. This indicates that EFV experiences smaller price fluctuations and is considered to be less risky than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EFVIDEVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.85%

4.35%

-0.50%

Volatility (6M)

Calculated over the trailing 6-month period

12.21%

13.10%

-0.89%

Volatility (1Y)

Calculated over the trailing 1-year period

14.39%

15.21%

-0.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.95%

16.36%

-0.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.46%

17.25%

+0.21%

EFV vs. IDEV - Expense Ratio Comparison

EFV has a 0.31% expense ratio, which is higher than IDEV's 0.05% expense ratio.

Dividends

EFV vs. IDEV - Dividend Comparison

EFV's dividend yield for the trailing twelve months is around 4.51%, more than IDEV's 3.16% yield.

PositionTTM20252024202320222021202020192018201720162015
EFV
iShares MSCI EAFE Value ETF		4.51%4.16%4.66%4.36%4.17%4.07%2.42%4.62%4.56%3.56%3.28%3.59%
IDEV
iShares Core MSCI International Developed Markets ETF		3.16%3.40%3.30%3.07%2.69%3.05%2.00%3.18%3.16%1.54%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.94, EFV and IDEV 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.

IDEV has higher volatility (4.35%) compared to EFV (3.85%). In terms of maximum drawdown, EFV dropped -63.94% vs IDEV's -34.77%.

On 5-year performance, EFV leads with 14.34% vs 9.20% for IDEV. On fees, IDEV is cheaper at 0.05% per year. On volatility, EFV has been the lower-risk option at 3.85%. 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 14.34% return vs 9.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IDEV is cheaper with a 0.05% expense ratio, compared with 0.31% for EFV.

EFV has the higher dividend yield at 4.51%, compared with 3.16% for IDEV.

EFV tracks MSCI EAFE Value Index (Net), while IDEV tracks MSCI World ex USA Investable Market Index. Their fees differ too: 0.31% for EFV and 0.05% for IDEV.

EFV currently has the higher Sharpe Ratio (2.42 vs 1.72), 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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