EFV vs. IEI
EFV (iShares MSCI EAFE Value ETF) and IEI (iShares 3-7 Year Treasury Bond ETF) are both exchange-traded funds - EFV is a Foreign Large Cap Equities fund tracking the MSCI EAFE Value Index, while IEI is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index. Both are passively managed. Over the past 10 years, EFV returned 9.83%/yr vs 1.29%/yr for IEI. At a correlation of -0.21, they often move in opposite directions. EFV charges 0.39%/yr vs 0.15%/yr for IEI.
Performance
EFV vs. IEI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EFV achieves a 9.98% return, which is significantly higher than IEI's -0.29% return. Over the past 10 years, EFV has outperformed IEI with an annualized return of 9.83%, while IEI has yielded a comparatively lower 1.29% annualized return.
EFV
- 1D
- 0.36%
- 1M
- 1.53%
- YTD
- 9.98%
- 6M
- 14.03%
- 1Y
- 27.68%
- 3Y*
- 22.31%
- 5Y*
- 12.40%
- 10Y*
- 9.83%
IEI
- 1D
- -0.01%
- 1M
- -0.27%
- YTD
- -0.29%
- 6M
- -0.24%
- 1Y
- 3.33%
- 3Y*
- 3.57%
- 5Y*
- 0.31%
- 10Y*
- 1.29%
EFV vs. IEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFV iShares MSCI EAFE Value ETF | 9.98% | 42.22% | 5.35% | 18.85% | -5.22% | 11.08% | -2.97% | 15.80% | -14.67% | 21.22% |
IEI iShares 3-7 Year Treasury Bond ETF | -0.29% | 6.96% | 1.81% | 4.42% | -9.51% | -2.54% | 6.95% | 5.71% | 1.36% | 1.22% |
Correlation
The correlation between EFV and IEI is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2007 | -0.21 |
The correlation between EFV and IEI shifts across timeframes, from -0.21 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EFV vs. IEI — Risk / Return Rank
EFV
IEI
EFV vs. IEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Value ETF (EFV) and iShares 3-7 Year Treasury Bond ETF (IEI). 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.
| EFV | IEI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | 1.10 | +0.86 |
Sortino ratioReturn per unit of downside risk | 2.71 | 1.67 | +1.04 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.19 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.25 | +1.41 |
Martin ratioReturn relative to average drawdown | 9.95 | 3.78 | +6.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EFV | IEI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.10 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.07 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.33 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.70 | -0.43 |
Drawdowns
EFV vs. IEI - Drawdown Comparison
The maximum EFV drawdown since its inception was -63.94%, which is greater than IEI's maximum drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for EFV and IEI.
Loading charts...
Drawdown Indicators
| EFV | IEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.94% | -14.60% | -49.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -2.50% | -8.40% |
Max Drawdown (3Y)Largest decline over 3 years | -13.72% | -3.66% | -10.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.84% | -13.88% | -11.96% |
Max Drawdown (10Y)Largest decline over 10 years | -43.16% | -14.60% | -28.56% |
Current DrawdownCurrent decline from peak | -1.75% | -1.73% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -14.83% | -2.67% | -12.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 0.82% | +2.09% |
Volatility
EFV vs. IEI - Volatility Comparison
iShares MSCI EAFE Value ETF (EFV) has a higher volatility of 4.72% compared to iShares 3-7 Year Treasury Bond ETF (IEI) at 0.92%. This indicates that EFV's price experiences larger fluctuations and is considered to be riskier than IEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EFV | IEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 0.92% | +3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 11.53% | 2.15% | +9.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.21% | 3.04% | +11.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 4.77% | +11.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 3.93% | +13.93% |
EFV vs. IEI - Expense Ratio Comparison
EFV has a 0.39% expense ratio, which is higher than IEI's 0.15% expense ratio.
Dividends
EFV vs. IEI - Dividend Comparison
EFV's dividend yield for the trailing twelve months is around 3.78%, more than IEI's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFV iShares MSCI EAFE Value ETF | 3.78% | 4.16% | 4.66% | 4.36% | 4.17% | 4.07% | 2.42% | 4.62% | 4.56% | 3.56% | 3.28% | 3.59% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.64% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
Frequently Asked Questions
EFV and IEI have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EFV has higher volatility (4.72%) compared to IEI (0.92%). In terms of maximum drawdown, EFV dropped -63.94% vs IEI's -14.60%.
On 10-year performance, EFV leads with 9.83% vs 1.29% for IEI. On fees, IEI is cheaper at 0.15% per year. On volatility, IEI has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EFV has performed better with a 9.83% return vs 1.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEI is cheaper with a 0.15% expense ratio, compared with 0.39% for EFV.
EFV has the higher dividend yield at 3.78%, compared with 3.64% for IEI.
EFV is categorized as Foreign Large Cap Equities, while IEI is Government Bonds. EFV tracks MSCI EAFE Value Index, while IEI tracks ICE U.S. Treasury 3-7 Year Bond Index. Their fees differ too: 0.39% for EFV and 0.15% for IEI.
EFV currently has the higher Sharpe Ratio (1.96 vs 1.10), 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.
Find the right allocation for EFV and IEI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer