IDEV vs. IEFA
Compare and contrast key facts about iShares Core MSCI International Developed Markets ETF (IDEV) and iShares Core MSCI EAFE ETF (IEFA).
IDEV and IEFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDEV is a passively managed fund by iShares that tracks the performance of the MSCI World ex USA Investable Market Index. It was launched on Mar 21, 2017. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012. Both IDEV and IEFA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IDEV or IEFA.
Key characteristics
| IDEV | IEFA | |
|---|---|---|
| YTD Return | 6.22% | 4.85% |
| 1Y Return | 17.31% | 15.78% |
| 3Y Return (Ann) | 1.37% | 1.03% |
| 5Y Return (Ann) | 6.09% | 5.62% |
| Sharpe Ratio | 1.36 | 1.23 |
| Sortino Ratio | 1.94 | 1.77 |
| Omega Ratio | 1.24 | 1.22 |
| Calmar Ratio | 1.51 | 1.34 |
| Martin Ratio | 7.61 | 6.47 |
| Ulcer Index | 2.32% | 2.48% |
| Daily Std Dev | 12.95% | 13.10% |
| Max Drawdown | -34.77% | -34.78% |
| Current Drawdown | -6.92% | -7.95% |
Correlation
The correlation between IDEV and IEFA is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IDEV vs. IEFA - Performance Comparison
In the year-to-date period, IDEV achieves a 6.22% return, which is significantly higher than IEFA's 4.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IDEV vs. IEFA - Expense Ratio Comparison
IDEV has a 0.05% expense ratio, which is lower than IEFA's 0.07% 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%.
Risk-Adjusted Performance
IDEV vs. IEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI International Developed Markets ETF (IDEV) and iShares Core MSCI EAFE ETF (IEFA). 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.
Dividends
IDEV vs. IEFA - Dividend Comparison
IDEV's dividend yield for the trailing twelve months is around 3.01%, less than IEFA's 3.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDEV iShares Core MSCI International Developed Markets ETF | 3.01% | 3.06% | 2.69% | 3.05% | 2.00% | 3.19% | 3.16% | 1.54% | 0.00% | 0.00% | 0.00% | 0.00% |
IEFA iShares Core MSCI EAFE ETF | 3.14% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% | 2.16% |
Drawdowns
IDEV vs. IEFA - Drawdown Comparison
The maximum IDEV drawdown since its inception was -34.77%, roughly equal to the maximum IEFA drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for IDEV and IEFA. For additional features, visit the drawdowns tool.
Volatility
IDEV vs. IEFA - Volatility Comparison
The current volatility for iShares Core MSCI International Developed Markets ETF (IDEV) is 3.92%, while iShares Core MSCI EAFE ETF (IEFA) has a volatility of 4.16%. This indicates that IDEV experiences smaller price fluctuations and is considered to be less risky than IEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.