IEFA vs. IFLO

Last updated Jul 14, 2026

IEFA (iShares Core MSCI EAFE ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, IEFA returned 19.91% vs 31.49% for IFLO. Their correlation of 0.88 suggests significant overlap in exposure. IEFA charges 0.07%/yr vs 0.56%/yr for IFLO.

Performance

IEFA vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI EAFE ETF (IEFA) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEFA achieves a 9.24% return, which is significantly lower than IFLO's 18.32% return.

IEFA

• 1D: -1.10%
• 1M: -0.25%
• 6M: 5.45%
• YTD: 9.24%
• 1Y: 19.91%
• 3Y*: 15.49%
• 5Y*: 8.40%
• 10Y*: 9.41%

IFLO

• 1D: -0.65%
• 1M: -0.87%
• 6M: 14.97%
• YTD: 18.32%
• 1Y: 31.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IEFA vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
IEFA iShares Core MSCI EAFE ETF	9.24%	11.80%
IFLO VictoryShares International Free Cash Flow ETF	18.32%	13.12%

Correlation

The correlation between IEFA and IFLO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.88

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

IEFA vs. IFLO - Sectors Allocation Comparison

Sectors	IEFA	IFLO
Financial Services	25.1%	1.1%
Industrials	18.9%	18.1%
Technology	13.7%	21.5%
Healthcare	10.4%	11.7%
Consumer Cyclical	7.1%	13.8%
Consumer Defensive	6.5%	2.8%
Basic Materials	5.9%	11.3%
Communication Services	3.5%	6.7%
Utilities	3.5%	1.0%
Energy	3.3%	12.1%
Real Estate	1.5%	0.0%

Return for Risk

IEFA vs. IFLO — Risk / Return Rank

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

IEFA

IEFA Risk / Return Rank: 46
IEFA Sharpe Ratio Rank: 46
IEFA Sortino Ratio Rank: 46
IEFA Omega Ratio Rank: 45
IEFA Calmar Ratio Rank: 43
IEFA Martin Ratio Rank: 49

IFLO

IFLO Risk / Return Rank: 87
IFLO Sharpe Ratio Rank: 85
IFLO Sortino Ratio Rank: 87
IFLO Omega Ratio Rank: 82
IFLO Calmar Ratio Rank: 93
IFLO Martin Ratio Rank: 91

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.

IEFA vs. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE ETF (IEFA) and VictoryShares International Free Cash Flow ETF (IFLO). 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.

	IEFA	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.28	2.16	-0.87
Sortino ratio: Return per unit of downside risk	1.87	3.13	-1.25
Omega ratio: Gain probability vs. loss probability	1.24	1.39	-0.15
Calmar ratio: Return relative to maximum drawdown	1.74	4.91	-3.17
Martin ratio: Return relative to average drawdown	6.59	16.50	-9.91

IEFA vs. IFLO - Sharpe Ratio Comparison

The current IEFA Sharpe Ratio is 1.28, which is lower than the IFLO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of IEFA and IFLO, 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

IEFA vs. IFLO - Drawdown Comparison

The maximum IEFA drawdown since its inception was -34.78%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for IEFA and IFLO.

Drawdown Indicators

	IEFA	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-34.78%	-6.44%	-28.34%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-6.44%	-5.06%
Max Drawdown (3Y) Largest decline over 3 years	-13.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.41%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.78%	—	—
Current Drawdown Current decline from peak	-2.20%	-2.22%	+0.02%
Average Drawdown Average peak-to-trough decline	-6.65%	-1.29%	-5.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	1.91%	+1.12%

Volatility

IEFA vs. IFLO - Volatility Comparison

iShares Core MSCI EAFE ETF (IEFA) and VictoryShares International Free Cash Flow ETF (IFLO) have volatilities of 4.84% and 4.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEFA	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.84%	4.77%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	13.42%	12.05%	+1.37%
Volatility (1Y) Calculated over the trailing 1-year period	15.61%	14.71%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	14.61%	+2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.01%	14.61%	+2.40%

IEFA vs. IFLO - Expense Ratio Comparison

IEFA has a 0.07% expense ratio, which is lower than IFLO's 0.56% expense ratio.

Dividends

IEFA vs. IFLO - Dividend Comparison

IEFA's dividend yield for the trailing twelve months is around 3.42%, more than IFLO's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEFA iShares Core MSCI EAFE ETF	3.42%	3.55%	3.47%	3.20%	2.70%	3.32%	1.90%	3.18%	3.46%	2.57%	2.96%	2.63%
IFLO VictoryShares International Free Cash Flow ETF	1.57%	0.73%	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 IEFA and IFLO in my portfolio?

IEFA and IFLO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IEFA or IFLO?

IEFA has higher volatility (4.84%) compared to IFLO (4.77%). In terms of maximum drawdown, IEFA dropped -34.78% vs IFLO's -6.44%.

Which ETF is better, IEFA or IFLO?

On 1-year performance, IFLO leads with 31.49% vs 19.91% for IEFA. On fees, IEFA is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IEFA or IFLO?

Over the 1-year period, IFLO has performed better with a 31.49% return vs 19.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IEFA or IFLO?

IEFA is cheaper with a 0.07% expense ratio, compared with 0.56% for IFLO.

Which ETF pays a higher dividend yield, IEFA or IFLO?

IEFA has the higher dividend yield at 3.42%, compared with 1.57% for IFLO.

What is the main difference between IEFA and IFLO?

They also come from different issuers: iShares and VictoryShares. Their fees differ too: 0.07% for IEFA and 0.56% for IFLO.

Which has better risk-adjusted returns?

IFLO currently has the higher Sharpe Ratio (2.16 vs 1.28), 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.