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IDEV vs. EFAV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDEV vs. EFAV

Last updated Jun 24, 2026

IDEV (iShares Core MSCI International Developed Markets ETF) and EFAV (iShares MSCI EAFE Min Vol Factor ETF) are both Foreign Large Cap Equities funds from iShares - IDEV tracks the MSCI World ex USA Investable Market Index while EFAV tracks the MSCI EAFE Minimum Volatility (USD) Index. Both are passively managed. Over the past 5 years, IDEV returned 8.59%/yr vs 5.83%/yr for EFAV. Their correlation of 0.88 suggests significant overlap in exposure. IDEV charges 0.05%/yr vs 0.20%/yr for EFAV.

Performance

IDEV vs. EFAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI International Developed Markets ETF (IDEV) and iShares MSCI EAFE Min Vol Factor ETF (EFAV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IDEV achieves a 8.34% return, which is significantly higher than EFAV's 2.67% return.

IDEV

1D
-1.85%
1M
-0.30%
YTD
8.34%
6M
7.88%
1Y
23.11%
3Y*
17.47%
5Y*
8.59%
10Y*
—

EFAV

1D
-0.18%
1M
-3.17%
YTD
2.67%
6M
2.24%
1Y
8.51%
3Y*
12.53%
5Y*
5.83%
10Y*
6.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IDEV vs. EFAV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IDEV
iShares Core MSCI International Developed Markets ETF		8.34%32.56%4.54%17.36%-14.99%13.00%8.32%23.12%-14.10%17.43%
EFAV
iShares MSCI EAFE Min Vol Factor ETF		2.67%26.00%5.30%12.52%-15.11%7.20%-0.06%16.67%-5.74%13.74%

Correlation

The correlation between IDEV and EFAV is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.80

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (5Y)
Calculated over the trailing 5-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2017

0.88

The correlation between IDEV and EFAV has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

IDEV vs. EFAV - Sectors Allocation Comparison

Sectors
IDEV
EFAV

Financial Services

24.0%
19.4%

Industrials

18.8%
15.9%

Technology

11.1%
4.6%

Healthcare

8.5%
12.0%

Basic Materials

8.3%
1.5%

Consumer Cyclical

7.7%
5.0%

Consumer Defensive

5.8%
11.9%

Energy

5.4%
8.3%

Communication Services

4.3%
9.6%

Utilities

3.4%
8.8%

Real Estate

2.7%
3.0%

Financial Services

IDEV
24.0%
EFAV
19.4%

Industrials

IDEV
18.8%
EFAV
15.9%

Technology

IDEV
11.1%
EFAV
4.6%

Healthcare

IDEV
8.5%
EFAV
12.0%

Basic Materials

IDEV
8.3%
EFAV
1.5%

Consumer Cyclical

IDEV
7.7%
EFAV
5.0%

Consumer Defensive

IDEV
5.8%
EFAV
11.9%

Energy

IDEV
5.4%
EFAV
8.3%

Communication Services

IDEV
4.3%
EFAV
9.6%

Utilities

IDEV
3.4%
EFAV
8.8%

Real Estate

IDEV
2.7%
EFAV
3.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI International Developed Markets ETF

iShares MSCI EAFE Min Vol Factor ETF

Often compared with IDEV:
IDEV vs. VYMIIDEV vs. VEAIDEV vs. IEFAIDEV vs. IXUSIDEV vs. SCHFIDEV vs. FDEVIDEV vs. VOO
Often compared with EFAV:
EFAV vs. EFVEFAV vs. EFAEFAV vs. ACWVEFAV vs. EEMVEFAV vs. USMVEFAV vs. EFASEFAV vs. SPLV

Return for Risk

IDEV vs. EFAV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDEV
IDEV Risk / Return Rank: 4646
Overall Rank
IDEV Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
IDEV Sortino Ratio Rank: 4545
Sortino Ratio Rank
IDEV Omega Ratio Rank: 4545
Omega Ratio Rank
IDEV Calmar Ratio Rank: 4343
Calmar Ratio Rank
IDEV Martin Ratio Rank: 4949
Martin Ratio Rank
EFAV
EFAV Risk / Return Rank: 2424
Overall Rank
EFAV Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
EFAV Sortino Ratio Rank: 2222
Sortino Ratio Rank
EFAV Omega Ratio Rank: 2222
Omega Ratio Rank
EFAV Calmar Ratio Rank: 2727
Calmar Ratio Rank
EFAV Martin Ratio Rank: 2626
Martin Ratio Rank
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.

IDEV vs. EFAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI International Developed Markets ETF (IDEV) and iShares MSCI EAFE Min Vol Factor 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.

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.

IDEVEFAVDifference
Sharpe ratioReturn per unit of total volatility
1.54
0.81

+0.73

Sortino ratioReturn per unit of downside risk
2.19
1.19

+1.00

Omega ratioGain probability vs. loss probability

1.28

1.15

+0.13

Calmar ratioReturn relative to maximum drawdown

2.07

1.28

+0.79

Martin ratioReturn relative to average drawdown

8.10

3.26

+4.84

IDEV vs. EFAV - Sharpe Ratio Comparison

The current IDEV Sharpe Ratio is 1.54, which is higher than the EFAV Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of IDEV and EFAV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IDEV vs. EFAV - Drawdown Comparison

The maximum IDEV drawdown since its inception was -34.77%, which is greater than EFAV's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for IDEV and EFAV.

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Drawdown Indicators

IDEVEFAVDifference

Max Drawdown

Largest peak-to-trough decline

-34.77%

-27.56%

-7.21%

Max Drawdown (1Y)

Largest decline over 1 year

-11.20%

-6.66%

-4.54%

Max Drawdown (3Y)

Largest decline over 3 years

-13.41%

-8.75%

-4.66%

Max Drawdown (5Y)

Largest decline over 5 years

-29.15%

-27.46%

-1.69%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.56%

—

Current Drawdown

Current decline from peak

-1.98%

-6.66%

+4.68%

Average Drawdown

Average peak-to-trough decline

-6.53%

-4.77%

-1.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.86%

2.61%

+0.25%

Volatility

IDEV vs. EFAV - Volatility Comparison

iShares Core MSCI International Developed Markets ETF (IDEV) has a higher volatility of 5.07% compared to iShares MSCI EAFE Min Vol Factor ETF (EFAV) at 3.10%. This indicates that IDEV's price experiences larger fluctuations and is considered to be riskier than EFAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IDEVEFAVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.07%

3.10%

+1.97%

Volatility (6M)

Calculated over the trailing 6-month period

12.83%

8.53%

+4.30%

Volatility (1Y)

Calculated over the trailing 1-year period

15.07%

10.57%

+4.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.35%

11.82%

+4.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.28%

13.06%

+4.22%

IDEV vs. EFAV - Expense Ratio Comparison

IDEV has a 0.05% expense ratio, which is lower than EFAV's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IDEV vs. EFAV - Dividend Comparison

IDEV's dividend yield for the trailing twelve months is around 3.26%, which matches EFAV's 3.29% yield.

PositionTTM20252024202320222021202020192018201720162015
EFAV
iShares MSCI EAFE Min Vol Factor ETF		3.29%3.20%3.24%3.08%2.53%2.47%1.33%4.19%3.34%2.45%3.94%2.49%
IDEV
iShares Core MSCI International Developed Markets ETF		3.26%3.40%3.30%3.07%2.69%3.05%2.00%3.18%3.16%1.54%0.00%0.00%

Frequently Asked Questions

IDEV and EFAV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IDEV has higher volatility (5.07%) compared to EFAV (3.10%). In terms of maximum drawdown, IDEV dropped -34.77% vs EFAV's -27.56%.

On 5-year performance, IDEV leads with 8.59% vs 5.83% for EFAV. On fees, IDEV is cheaper at 0.05% per year. On volatility, EFAV has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IDEV has performed better with a 8.59% return vs 5.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IDEV is cheaper with a 0.05% expense ratio, compared with 0.20% for EFAV.

EFAV has the higher dividend yield at 3.29%, compared with 3.26% for IDEV.

IDEV tracks MSCI World ex USA Investable Market Index, while EFAV tracks MSCI EAFE Minimum Volatility (USD) Index. Their fees differ too: 0.05% for IDEV and 0.20% for EFAV.

IDEV currently has the higher Sharpe Ratio (1.54 vs 0.81), 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.

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