IEAC.AS vs. EFA
IEAC.AS (iShares Core € Corp Bond UCITS ETF) and EFA (iShares MSCI EAFE ETF) are both exchange-traded funds - IEAC.AS is a Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond Index, while EFA is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net). Both are passively managed. Over the past 10 years, IEAC.AS returned 1.02%/yr vs 9.00%/yr for EFA. At a 0.10 correlation, their price movements are largely independent. IEAC.AS charges 0.20%/yr vs 0.32%/yr for EFA.
Performance
IEAC.AS vs. EFA - Performance Comparison
Loading charts...
Different Trading Currencies
IEAC.AS is traded in EUR, while EFA is traded in USD. To make them comparable, the EFA values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEAC.AS achieves a 0.58% return, which is significantly lower than EFA's 9.11% return. Over the past 10 years, IEAC.AS has underperformed EFA with an annualized return of 1.02%, while EFA has yielded a comparatively higher 9.00% annualized return.
IEAC.AS
- 1D
- 0.10%
- 1M
- 0.40%
- YTD
- 0.58%
- 6M
- 0.54%
- 1Y
- 2.06%
- 3Y*
- 4.59%
- 5Y*
- 0.07%
- 10Y*
- 1.02%
EFA
- 1D
- 0.49%
- 1M
- 1.12%
- YTD
- 9.11%
- 6M
- 10.65%
- 1Y
- 17.29%
- 3Y*
- 13.20%
- 5Y*
- 9.21%
- 10Y*
- 9.00%
IEAC.AS vs. EFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEAC.AS iShares Core € Corp Bond UCITS ETF | 0.58% | 3.05% | 4.40% | 7.74% | -13.63% | -1.02% | 2.55% | 6.29% | -1.52% | 2.20% |
EFA iShares MSCI EAFE ETF | 9.11% | 15.94% | 10.32% | 14.81% | -9.08% | 19.78% | -1.27% | 24.80% | -9.78% | 9.70% |
Correlation
The correlation between IEAC.AS and EFA is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 7, 2009 | 0.10 |
Over the past year, IEAC.AS and EFA have become more correlated (0.41) than their long-term average of 0.10, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IEAC.AS vs. EFA — Risk / Return Rank
IEAC.AS
EFA
IEAC.AS vs. EFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF (IEAC.AS) and iShares MSCI EAFE ETF (EFA). 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.
| IEAC.AS | EFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.81 | -1.04 |
| Martin ratioReturn relative to average drawdown | 2.68 | 7.25 | -4.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IEAC.AS | EFA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.31 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.66 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.57 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.29 | +0.49 |
Drawdowns
IEAC.AS vs. EFA - Drawdown Comparison
The maximum IEAC.AS drawdown since its inception was -17.26%, smaller than the maximum EFA drawdown of -55.58%. Use the drawdown chart below to compare losses from any high point for IEAC.AS and EFA.
Loading charts...
Drawdown Indicators
| IEAC.AS | EFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -55.58% | +38.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -9.60% | +6.95% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -15.70% | +13.05% |
Max Drawdown (5Y)Largest decline over 5 years | -17.26% | -17.18% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -17.26% | -33.89% | +16.63% |
Current DrawdownCurrent decline from peak | -0.99% | -1.32% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -11.02% | +8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 2.40% | -1.64% |
Volatility
IEAC.AS vs. EFA - Volatility Comparison
The current volatility for iShares Core € Corp Bond UCITS ETF (IEAC.AS) is 1.15%, while iShares MSCI EAFE ETF (EFA) has a volatility of 3.45%. This indicates that IEAC.AS experiences smaller price fluctuations and is considered to be less risky than EFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IEAC.AS | EFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 3.45% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 10.99% | -8.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 13.32% | -10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 14.01% | -9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 16.01% | -11.67% |
IEAC.AS vs. EFA - Expense Ratio Comparison
IEAC.AS has a 0.20% expense ratio, which is lower than EFA's 0.32% expense ratio.
Dividends
IEAC.AS vs. EFA - Dividend Comparison
IEAC.AS's dividend yield for the trailing twelve months is around 3.33%, more than EFA's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFA iShares MSCI EAFE ETF | 3.16% | 3.38% | 3.24% | 2.98% | 2.69% | 3.33% | 2.13% | 3.10% | 3.39% | 2.57% | 3.07% | 2.76% |
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
Frequently Asked Questions
IEAC.AS and EFA have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAC.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAC.AS is cheaper with a 0.20% expense ratio, compared with 0.32% for EFA.
IEAC.AS is categorized as Corporate Bonds, while EFA is Foreign Large Cap Equities. IEAC.AS tracks Bloomberg Euro Corporate Bond Index, while EFA tracks MSCI EAFE Index (Net). Their fees differ too: 0.20% for IEAC.AS and 0.32% for EFA.
Find the right allocation for IEAC.AS and EFA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer