ICPY vs. EFAV

Last updated Jun 6, 2026

ICPY (Tweedy, Browne International Insider + Value ETF) and EFAV (iShares Edge MSCI Min Vol EAFE ETF) are both Foreign Large Cap Equities funds. ICPY is actively managed, while EFAV is passively managed. A 0.67 correlation means they provide meaningful diversification when combined. ICPY charges 0.80%/yr vs 0.20%/yr for EFAV.

Performance

ICPY vs. EFAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tweedy, Browne International Insider + Value ETF (ICPY) and iShares Edge MSCI Min Vol EAFE ETF (EFAV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICPY achieves a 11.95% return, which is significantly higher than EFAV's 3.14% return.

ICPY

• 1D: -1.94%
• 1M: -0.66%
• YTD: 11.95%
• 6M: 21.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EFAV

• 1D: -1.22%
• 1M: -3.52%
• YTD: 3.14%
• 6M: 4.99%
• 1Y: 8.40%
• 3Y*: 12.50%
• 5Y*: 6.03%
• 10Y*: 5.76%

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

ICPY vs. EFAV - Yearly Performance Comparison

	2026 (YTD)	2025
ICPY Tweedy, Browne International Insider + Value ETF	11.95%	13.78%
EFAV iShares Edge MSCI Min Vol EAFE ETF	3.14%	2.05%

Correlation

The correlation between ICPY and EFAV is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.67

Return for Risk

ICPY vs. EFAV — Risk / Return Rank

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

EFAV

EFAV Risk / Return Rank: 25
EFAV Sharpe Ratio Rank: 24
EFAV Sortino Ratio Rank: 23
EFAV Omega Ratio Rank: 23
EFAV Calmar Ratio Rank: 27
EFAV Martin Ratio Rank: 27

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.

ICPY vs. EFAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne International Insider + Value ETF (ICPY) and iShares Edge MSCI Min Vol EAFE ETF (EFAV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ICPY	EFAV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.81	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.58	0.53	+2.05

Drawdowns

ICPY vs. EFAV - Drawdown Comparison

The maximum ICPY drawdown since its inception was -8.86%, smaller than the maximum EFAV drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for ICPY and EFAV.

Drawdown Indicators

	ICPY	EFAV	Difference
Max Drawdown Largest peak-to-trough decline	-8.86%	-27.56%	+18.70%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.46%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.56%	—
Current Drawdown Current decline from peak	-2.26%	-6.23%	+3.97%
Average Drawdown Average peak-to-trough decline	-1.60%	-4.77%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.35%	—

Volatility

Volatility by Period

	ICPY	EFAV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	10.40%	+4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	11.80%	+3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.18%	13.21%	+1.97%

ICPY vs. EFAV - Expense Ratio Comparison

ICPY has a 0.80% expense ratio, which is higher than EFAV's 0.20% expense ratio.

Dividends

ICPY vs. EFAV - Dividend Comparison

ICPY's dividend yield for the trailing twelve months is around 4.08%, more than EFAV's 3.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EFAV iShares Edge MSCI Min Vol EAFE ETF	3.10%	3.20%	3.24%	3.08%	2.53%	2.47%	1.33%	4.19%	3.34%	2.45%	3.94%	2.49%
ICPY Tweedy, Browne International Insider + Value ETF	4.08%	4.56%	0.00%	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 ICPY and EFAV in my portfolio?

ICPY and EFAV 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 ETF is better, ICPY or EFAV?

On fees, EFAV is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ICPY or EFAV?

EFAV is cheaper with a 0.20% expense ratio, compared with 0.80% for ICPY.

Which ETF pays a higher dividend yield, ICPY or EFAV?

ICPY has the higher dividend yield at 4.08%, compared with 3.10% for EFAV.

What is the main difference between ICPY and EFAV?

They also come from different issuers: Tweedy, Browne and iShares. Their fees differ too: 0.80% for ICPY and 0.20% for EFAV.