EIS vs. INEQ

Last updated Jun 25, 2026

EIS (iShares MSCI Israel ETF) and INEQ (Columbia International Equity Income ETF) are both Foreign Large Cap Equities funds. EIS is passively managed, while INEQ is actively managed. Over the past 10 years, EIS returned 11.69%/yr vs 9.56%/yr for INEQ. A 0.52 correlation means they provide meaningful diversification when combined. EIS charges 0.59%/yr vs 0.45%/yr for INEQ.

Performance

EIS vs. INEQ - Performance Comparison

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

Returns By Period

In the year-to-date period, EIS achieves a 10.08% return, which is significantly higher than INEQ's 4.80% return. Over the past 10 years, EIS has outperformed INEQ with an annualized return of 11.69%, while INEQ has yielded a comparatively lower 9.56% annualized return.

EIS

• 1D: 0.75%
• 1M: -9.50%
• YTD: 10.08%
• 6M: 7.69%
• 1Y: 33.35%
• 3Y*: 32.02%
• 5Y*: 13.08%
• 10Y*: 11.69%

INEQ

• 1D: -0.35%
• 1M: -3.29%
• YTD: 4.80%
• 6M: 5.07%
• 1Y: 20.99%
• 3Y*: 19.04%
• 5Y*: 11.66%
• 10Y*: 9.56%

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

EIS vs. INEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIS iShares MSCI Israel ETF	10.08%	45.11%	34.50%	5.48%	-27.05%	22.83%	12.01%	20.93%	-4.84%	12.77%
INEQ Columbia International Equity Income ETF	4.80%	39.85%	6.02%	20.88%	-5.95%	10.18%	-0.52%	15.83%	-18.30%	24.88%

Correlation

The correlation between EIS and INEQ is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jun 13, 2016	0.52

The correlation between EIS and INEQ shifts across timeframes, from 0.43 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.

EIS vs. INEQ - Sectors Allocation Comparison

Sectors	EIS	INEQ
Financial Services	32.3%	24.4%
Technology	19.5%	2.9%
Industrials	11.2%	21.2%
Healthcare	9.6%	15.4%
Real Estate	8.9%	1.8%
Utilities	6.3%	1.9%
Consumer Cyclical	2.7%	4.9%
Communication Services	2.5%	7.1%
Energy	2.3%	9.8%
Consumer Defensive	1.8%	6.7%
Basic Materials	1.7%	3.9%

Return for Risk

EIS vs. INEQ — Risk / Return Rank

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

EIS

EIS Risk / Return Rank: 50
EIS Sharpe Ratio Rank: 46
EIS Sortino Ratio Rank: 46
EIS Omega Ratio Rank: 43
EIS Calmar Ratio Rank: 60
EIS Martin Ratio Rank: 53

INEQ

INEQ Risk / Return Rank: 50
INEQ Sharpe Ratio Rank: 50
INEQ Sortino Ratio Rank: 51
INEQ Omega Ratio Rank: 50
INEQ Calmar Ratio Rank: 51
INEQ Martin Ratio Rank: 50

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. INEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Israel ETF (EIS) and Columbia International Equity Income ETF (INEQ). 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.

	EIS	INEQ	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.54	-0.09
Sortino ratio: Return per unit of downside risk	2.09	2.18	-0.09
Omega ratio: Gain probability vs. loss probability	1.26	1.28	-0.02
Calmar ratio: Return relative to maximum drawdown	2.64	2.21	+0.43
Martin ratio: Return relative to average drawdown	8.28	7.50	+0.78

EIS vs. INEQ - Sharpe Ratio Comparison

The current EIS Sharpe Ratio is 1.45, which is comparable to the INEQ Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of EIS and INEQ, 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

EIS vs. INEQ - Drawdown Comparison

The maximum EIS drawdown since its inception was -51.94%, which is greater than INEQ's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for EIS and INEQ.

Drawdown Indicators

	EIS	INEQ	Difference
Max Drawdown Largest peak-to-trough decline	-51.94%	-41.71%	-10.23%
Max Drawdown (1Y) Largest decline over 1 year	-12.69%	-9.56%	-3.13%
Max Drawdown (3Y) Largest decline over 3 years	-24.10%	-14.38%	-9.72%
Max Drawdown (5Y) Largest decline over 5 years	-41.88%	-24.51%	-17.37%
Max Drawdown (10Y) Largest decline over 10 years	-41.88%	-41.71%	-0.17%
Current Drawdown Current decline from peak	-12.03%	-5.77%	-6.26%
Average Drawdown Average peak-to-trough decline	-13.89%	-7.04%	-6.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	2.80%	+1.24%

Volatility

EIS vs. INEQ - Volatility Comparison

iShares MSCI Israel ETF (EIS) has a higher volatility of 10.14% compared to Columbia International Equity Income ETF (INEQ) at 3.95%. This indicates that EIS's price experiences larger fluctuations and is considered to be riskier than INEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIS	INEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	3.95%	+6.19%
Volatility (6M) Calculated over the trailing 6-month period	18.14%	11.06%	+7.08%
Volatility (1Y) Calculated over the trailing 1-year period	23.27%	13.78%	+9.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.18%	15.32%	+6.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.23%	16.34%	+4.89%

EIS vs. INEQ - Expense Ratio Comparison

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

Dividends

EIS vs. INEQ - Dividend Comparison

EIS's dividend yield for the trailing twelve months is around 1.55%, less than INEQ's 8.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIS iShares MSCI Israel ETF	1.55%	1.44%	1.38%	1.39%	1.66%	1.04%	0.16%	2.06%	0.87%	2.02%	1.78%	2.55%
INEQ Columbia International Equity Income ETF	8.27%	9.76%	3.11%	3.27%	3.57%	3.43%	2.64%	3.34%	7.25%	4.63%	2.52%	0.00%

Frequently Asked Questions

Can I hold both EIS and INEQ in my portfolio?

EIS and INEQ have a correlation of 0.43, 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 INEQ?

EIS has higher volatility (10.14%) compared to INEQ (3.95%). In terms of maximum drawdown, EIS dropped -51.94% vs INEQ's -41.71%.

Which ETF is better, EIS or INEQ?

On 10-year performance, EIS leads with 11.69% vs 9.56% for INEQ. On fees, INEQ is cheaper at 0.45% per year. On volatility, INEQ has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIS or INEQ?

Over the 10-year period, EIS has performed better with a 11.69% return vs 9.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIS or INEQ?

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

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

INEQ has the higher dividend yield at 8.27%, compared with 1.55% for EIS.

What is the main difference between EIS and INEQ?

They also come from different issuers: iShares and Columbia Threadneedle. Their fees differ too: 0.59% for EIS and 0.45% for INEQ.

Which has better risk-adjusted returns?

INEQ currently has the higher Sharpe Ratio (1.54 vs 1.45), 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.