EIS vs. CIL

Last updated Jun 4, 2026

EIS (iShares MSCI Israel ETF) and CIL (VictoryShares International Volatility Wtd ETF) are both Foreign Large Cap Equities funds - EIS tracks the MSCI Israel Capped Investable Market Index (Net) while CIL tracks the Nasdaq Victory International 500 Volatility Weighted Index. Both are passively managed. Over the past 10 years, EIS returned 11.97%/yr vs 8.21%/yr for CIL. A 0.50 correlation means they provide meaningful diversification when combined. EIS charges 0.59%/yr vs 0.45%/yr for CIL.

Performance

EIS vs. CIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Israel ETF (EIS) and VictoryShares International Volatility Wtd ETF (CIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIS achieves a 18.19% return, which is significantly higher than CIL's 5.44% return. Over the past 10 years, EIS has outperformed CIL with an annualized return of 11.97%, while CIL has yielded a comparatively lower 8.21% annualized return.

EIS

• 1D: -1.92%
• 1M: -2.12%
• YTD: 18.19%
• 6M: 22.47%
• 1Y: 54.91%
• 3Y*: 37.61%
• 5Y*: 15.32%
• 10Y*: 11.97%

CIL

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.44%
• 6M: 7.94%
• 1Y: 17.37%
• 3Y*: 15.59%
• 5Y*: 7.45%
• 10Y*: 8.21%

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

EIS vs. CIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIS iShares MSCI Israel ETF	18.19%	45.11%	34.50%	5.48%	-27.05%	22.83%	12.01%	20.93%	-4.84%	12.77%
CIL VictoryShares International Volatility Wtd ETF	5.44%	32.99%	3.76%	16.29%	-16.00%	11.07%	7.21%	19.13%	-13.34%	27.67%

Correlation

The correlation between EIS and CIL is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Aug 21, 2015	0.50

The correlation between EIS and CIL shifts across timeframes, from 0.37 (1 year) to 0.51 (10 years), reflecting how their relationship changes across market environments.

EIS vs. CIL - Sectors Allocation Comparison

Sectors	EIS	CIL
Financial Services	34.6%	24.8%
Technology	17.8%	6.4%
Industrials	10.9%	18.4%
Healthcare	9.8%	7.7%
Real Estate	9.1%	2.2%
Utilities	6.6%	6.6%
Communication Services	2.7%	5.8%
Consumer Cyclical	2.5%	8.2%
Consumer Defensive	2.3%	8.8%
Energy	2.0%	4.6%
Basic Materials	1.8%	6.6%

Return for Risk

EIS vs. CIL — Risk / Return Rank

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

EIS

EIS Risk / Return Rank: 76
EIS Sharpe Ratio Rank: 74
EIS Sortino Ratio Rank: 73
EIS Omega Ratio Rank: 68
EIS Calmar Ratio Rank: 83
EIS Martin Ratio Rank: 82

CIL

CIL Risk / Return Rank: 76
CIL Sharpe Ratio Rank: 68
CIL Sortino Ratio Rank: 70
CIL Omega Ratio Rank: 81
CIL Calmar Ratio Rank: 78
CIL Martin Ratio Rank: 83

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.

EIS vs. CIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Israel ETF (EIS) and VictoryShares International Volatility Wtd ETF (CIL). 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.

	EIS	CIL	Difference
Sharpe ratio: Return per unit of total volatility	2.45	2.24	+0.21
Sortino ratio: Return per unit of downside risk	3.36	3.22	+0.14
Omega ratio: Gain probability vs. loss probability	1.42	1.49	-0.07
Calmar ratio: Return relative to maximum drawdown	4.45	3.95	+0.50
Martin ratio: Return relative to average drawdown	16.54	16.75	-0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIS vs. CIL - Sharpe Ratio Comparison

The current EIS Sharpe Ratio is 2.45, which is comparable to the CIL Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of EIS and CIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EIS	CIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	2.24	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.46	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.48	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.43	-0.11

Drawdowns

EIS vs. CIL - Drawdown Comparison

The maximum EIS drawdown since its inception was -51.94%, which is greater than CIL's maximum drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for EIS and CIL.

Drawdown Indicators

	EIS	CIL	Difference
Max Drawdown Largest peak-to-trough decline	-51.94%	-36.27%	-15.67%
Max Drawdown (1Y) Largest decline over 1 year	-12.40%	-4.60%	-7.80%
Max Drawdown (3Y) Largest decline over 3 years	-24.10%	-11.96%	-12.14%
Max Drawdown (5Y) Largest decline over 5 years	-41.88%	-29.89%	-11.99%
Max Drawdown (10Y) Largest decline over 10 years	-41.88%	-36.27%	-5.61%
Current Drawdown Current decline from peak	-5.56%	-0.58%	-4.98%
Average Drawdown Average peak-to-trough decline	-13.90%	-6.56%	-7.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	1.07%	+2.26%

Volatility

EIS vs. CIL - Volatility Comparison

iShares MSCI Israel ETF (EIS) has a higher volatility of 6.64% compared to VictoryShares International Volatility Wtd ETF (CIL) at 0.00%. This indicates that EIS's price experiences larger fluctuations and is considered to be riskier than CIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIS	CIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	0.00%	+6.64%
Volatility (6M) Calculated over the trailing 6-month period	16.05%	4.23%	+11.82%
Volatility (1Y) Calculated over the trailing 1-year period	22.56%	8.19%	+14.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.81%	16.49%	+5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.08%	17.17%	+3.91%

EIS vs. CIL - Expense Ratio Comparison

EIS has a 0.59% expense ratio, which is higher than CIL's 0.45% expense ratio.

Dividends

EIS vs. CIL - Dividend Comparison

EIS's dividend yield for the trailing twelve months is around 1.22%, less than CIL's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIL VictoryShares International Volatility Wtd ETF	1.67%	2.70%	3.46%	2.91%	2.41%	3.04%	1.73%	2.69%	2.85%	2.17%	2.34%	0.43%
EIS iShares MSCI Israel ETF	1.22%	1.44%	1.38%	1.39%	1.66%	1.04%	0.16%	2.06%	0.87%	2.02%	1.78%	2.55%

Frequently Asked Questions

Can I hold both EIS and CIL in my portfolio?

EIS and CIL have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIS or CIL?

EIS has higher volatility (6.64%) compared to CIL (0.00%). In terms of maximum drawdown, EIS dropped -51.94% vs CIL's -36.27%.

Which ETF is better, EIS or CIL?

On 10-year performance, EIS leads with 11.97% vs 8.21% for CIL. On fees, CIL is cheaper at 0.45% per year. On volatility, CIL has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIS or CIL?

Over the 10-year period, EIS has performed better with a 11.97% return vs 8.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIS or CIL?

CIL is cheaper with a 0.45% expense ratio, compared with 0.59% for EIS.

Which ETF pays a higher dividend yield, EIS or CIL?

CIL has the higher dividend yield at 1.67%, compared with 1.22% for EIS.

What is the main difference between EIS and CIL?

EIS tracks MSCI Israel Capped Investable Market Index (Net), while CIL tracks Nasdaq Victory International 500 Volatility Weighted Index. They also come from different issuers: iShares and Crestview. Their fees differ too: 0.59% for EIS and 0.45% for CIL.

Which has better risk-adjusted returns?

EIS currently has the higher Sharpe Ratio (2.45 vs 2.24), 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.