EIS vs. ITEQ

Last updated Aug 2, 2026

EIS (iShares MSCI Israel ETF) and ITEQ (BlueStar Israel Technology ETF) are both exchange-traded funds - EIS is a Foreign Large Cap Equities fund tracking the MSCI Israel Capped Investable Market Index (Net), while ITEQ is a Technology Equities fund tracking the BlueStar Israel Global Technology Index. Both are passively managed. Over the past 10 years, EIS returned 10.90%/yr vs 9.68%/yr for ITEQ. Their 0.74 correlation means they have sometimes moved together and sometimes differently. EIS charges 0.59%/yr vs 0.75%/yr for ITEQ.

Performance

EIS vs. ITEQ - Performance Comparison

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

Returns By Period

In the year-to-date period, EIS achieves a 9.12% return, which is significantly higher than ITEQ's 7.51% return. Over the past 10 years, EIS has outperformed ITEQ with an annualized return of 10.90%, while ITEQ has yielded a comparatively lower 9.68% annualized return.

EIS

• 1D: 0.23%
• 1M: -0.94%
• 6M: 0.90%
• YTD: 9.12%
• 1Y: 33.25%
• 3Y*: 29.33%
• 5Y*: 12.72%
• 10Y*: 10.90%
• ALL TIME*: 6.85%

ITEQ

• 1D: 0.66%
• 1M: -5.78%
• 6M: 2.26%
• YTD: 7.51%
• 1Y: 17.90%
• 3Y*: 9.46%
• 5Y*: -1.90%
• 10Y*: 9.68%
• ALL TIME*: 8.93%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EIS iShares MSCI Israel ETF	$7.58M	$8.69M	$11.04M
ITEQ BlueStar Israel Technology ETF	$217.34K	$197.61K	$295.84K

EIS vs. ITEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIS iShares MSCI Israel ETF	9.12%	45.11%	34.50%	5.48%	-27.05%	22.83%	12.01%	20.93%	-4.84%	12.77%
ITEQ BlueStar Israel Technology ETF	7.51%	13.71%	11.70%	4.70%	-30.36%	-8.04%	58.96%	37.59%	-0.63%	26.87%

Correlation

The correlation between EIS and ITEQ is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.75
Correlation (All Time) Calculated using the full available price history since Nov 3, 2015	0.74

The correlation between EIS and ITEQ has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.

EIS vs. ITEQ - Sectors Allocation Comparison

Sectors	EIS	ITEQ
Financial Services	34.4%	5.1%
Technology	18.7%	64.1%
Industrials	10.9%	11.2%
Healthcare	9.4%	4.4%
Real Estate	8.4%	-
Utilities	6.7%	9.1%
Communication Services	2.5%	2.9%
Consumer Cyclical	2.5%	3.3%
Consumer Defensive	2.3%	-
Energy	2.0%	1.4%
Basic Materials	1.6%	-

Return for Risk

EIS vs. ITEQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EIS

EIS Risk / Return Rank: 57
EIS Sharpe Ratio Rank: 59
EIS Sortino Ratio Rank: 59
EIS Omega Ratio Rank: 56
EIS Calmar Ratio Rank: 60
EIS Martin Ratio Rank: 52

ITEQ

ITEQ Risk / Return Rank: 30
ITEQ Sharpe Ratio Rank: 28
ITEQ Sortino Ratio Rank: 28
ITEQ Omega Ratio Rank: 26
ITEQ Calmar Ratio Rank: 36
ITEQ Martin Ratio Rank: 33

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.

EIS vs. ITEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Israel ETF (EIS) and BlueStar Israel Technology ETF (ITEQ). 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	ITEQ	Difference
Sharpe ratio: Return per unit of total volatility	1.38	0.66	+0.72
Sortino ratio: Return per unit of downside risk	2.01	1.06	+0.94
Omega ratio: Gain probability vs. loss probability	1.25	1.12	+0.12
Calmar ratio: Return relative to maximum drawdown	2.10	1.22	+0.87
Martin ratio: Return relative to average drawdown	6.09	3.07	+3.02

EIS vs. ITEQ - Sharpe Ratio Comparison

The current EIS Sharpe Ratio is 1.38, which is higher than the ITEQ Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of EIS and ITEQ, 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. ITEQ - Drawdown Comparison

The maximum EIS drawdown since its inception was -51.94%, roughly equal to the maximum ITEQ drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for EIS and ITEQ.

Drawdown Indicators

	EIS	ITEQ	Difference
Max Drawdown Largest peak-to-trough decline	-51.94%	-54.63%	+2.69%
Max Drawdown (1Y) Largest decline over 1 year	-15.37%	-13.29%	-2.08%
Max Drawdown (3Y) Largest decline over 3 years	-21.75%	-22.90%	+1.15%
Max Drawdown (5Y) Largest decline over 5 years	-41.88%	-50.29%	+8.41%
Max Drawdown (10Y) Largest decline over 10 years	-41.88%	-54.63%	+12.75%
Current Drawdown Current decline from peak	-12.80%	-20.34%	+7.54%
Average Drawdown Average peak-to-trough decline	-13.88%	-18.49%	+4.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.29%	5.29%	0.00%

Volatility

EIS vs. ITEQ - Volatility Comparison

The current volatility for iShares MSCI Israel ETF (EIS) is 6.91%, while BlueStar Israel Technology ETF (ITEQ) has a volatility of 7.56%. This indicates that EIS experiences smaller price fluctuations and is considered to be less risky than ITEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIS	ITEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.91%	7.56%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	18.77%	19.89%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	23.38%	24.56%	-1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.33%	25.32%	-2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.30%	23.55%	-2.25%

EIS vs. ITEQ - Expense Ratio Comparison

EIS has a 0.59% expense ratio, which is lower than ITEQ's 0.75% expense ratio.

Dividends

EIS vs. ITEQ - Dividend Comparison

EIS's dividend yield for the trailing twelve months is around 1.56%, more than ITEQ's 0.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIS iShares MSCI Israel ETF	1.56%	1.44%	1.38%	1.39%	1.66%	1.04%	0.16%	2.06%	0.87%	2.02%	1.78%	2.55%
ITEQ BlueStar Israel Technology ETF	0.79%	0.85%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EIS and ITEQ in my portfolio?

EIS and ITEQ have a correlation of 0.67, 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 ITEQ?

ITEQ has higher volatility (7.56%) compared to EIS (6.91%). In terms of maximum drawdown, EIS dropped -51.94% vs ITEQ's -54.63%.

Which ETF is better, EIS or ITEQ?

On 10-year performance, EIS leads with 10.90% vs 9.68% for ITEQ. On fees, EIS is cheaper at 0.59% per year. On volatility, EIS has been the lower-risk option at 6.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIS or ITEQ?

Over the 10-year period, EIS has performed better with a 10.90% return vs 9.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIS or ITEQ?

EIS is cheaper with a 0.59% expense ratio, compared with 0.75% for ITEQ.

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

EIS has the higher dividend yield at 1.56%, compared with 0.79% for ITEQ.

What is the main difference between EIS and ITEQ?

EIS is categorized as Foreign Large Cap Equities, while ITEQ is Technology Equities. EIS tracks MSCI Israel Capped Investable Market Index (Net), while ITEQ tracks BlueStar Israel Global Technology Index. They also come from different issuers: iShares and ETFMG. Their fees differ too: 0.59% for EIS and 0.75% for ITEQ.

Which has better risk-adjusted returns?

EIS currently has the higher Sharpe Ratio (1.38 vs 0.66), 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.