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IEFA vs. IFLO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEFA vs. IFLO

Last updated Aug 4, 2026
Documentation

IEFA (iShares Core MSCI EAFE ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds - IEFA tracks the MSCI EAFE IMI Index (Net) while IFLO tracks the Victory International Free Cash Flow Index. Both are passively managed. Over the past year, IEFA returned 25.11% vs 37.36% for IFLO. Their correlation of 0.86 means they have usually moved in the same direction. 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.

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Returns By Period

In the year-to-date period, IEFA achieves a 12.10% return, which is significantly lower than IFLO's 22.99% return.

IEFA

1D
0.43%
1M
1.41%
6M
6.08%
YTD
12.10%
1Y
25.11%
3Y*
17.33%
5Y*
8.81%
10Y*
9.52%
ALL TIME*
8.55%

IFLO

1D
0.32%
1M
3.40%
6M
17.50%
YTD
22.99%
1Y
37.36%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
34.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IEFA

iShares Core MSCI EAFE ETF
$866.09M$876.15M$940.56M

IFLO

VictoryShares International Free Cash Flow ETF
$3.62M$1.99M$909.30K

IEFA vs. IFLO - Yearly Performance Comparison

2026 (YTD)2025
IEFA
iShares Core MSCI EAFE ETF		12.10%11.80%
IFLO
VictoryShares International Free Cash Flow ETF		22.99%13.12%

Correlation

The correlation between IEFA and IFLO is 0.86, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.86

Correlation (All Time)
Calculated using the full available price history since Jun 26, 2025

0.86

The correlation between IEFA and IFLO has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.

IEFA vs. IFLO - Sectors Allocation Comparison

Sectors
IEFA
IFLO

Financial Services

23.1%
0.8%

Industrials

19.7%
17.8%

Technology

12.6%
16.8%

Healthcare

9.8%
12.7%

Consumer Cyclical

8.1%
10.8%

Consumer Defensive

6.5%
6.7%

Basic Materials

6.3%
13.8%

Communication Services

4.3%
5.3%

Utilities

3.5%
0.8%

Energy

3.3%
14.4%

Real Estate

2.8%
0.0%

Financial Services

IEFA
23.1%
IFLO
0.8%

Industrials

IEFA
19.7%
IFLO
17.8%

Technology

IEFA
12.6%
IFLO
16.8%

Healthcare

IEFA
9.8%
IFLO
12.7%

Consumer Cyclical

IEFA
8.1%
IFLO
10.8%

Consumer Defensive

IEFA
6.5%
IFLO
6.7%

Basic Materials

IEFA
6.3%
IFLO
13.8%

Communication Services

IEFA
4.3%
IFLO
5.3%

Utilities

IEFA
3.5%
IFLO
0.8%

Energy

IEFA
3.3%
IFLO
14.4%

Real Estate

IEFA
2.8%
IFLO
0.0%

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 EAFE ETF

VictoryShares International Free Cash Flow ETF

Often compared with IEFA:
IEFA vs. VEAIEFA vs. VXUSIEFA vs. EFAIEFA vs. FSPSXIEFA vs. IEMGIEFA vs. XEF.TOIEFA vs. IXUS
Often compared with IFLO:
IFLO vs. ABIIFLO vs. GLOWIFLO vs. FDTIFLO vs. EFASIFLO vs. HOLAIFLO vs. SPDWIFLO vs. CFA

Return for Risk

IEFA vs. IFLO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IEFA
IEFA Risk / Return Rank: 6767
Overall Rank
IEFA Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
IEFA Sortino Ratio Rank: 7070
Sortino Ratio Rank
IEFA Omega Ratio Rank: 6868
Omega Ratio Rank
IEFA Calmar Ratio Rank: 6161
Calmar Ratio Rank
IEFA Martin Ratio Rank: 6868
Martin Ratio Rank
IFLO
IFLO Risk / Return Rank: 9393
Overall Rank
IFLO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
IFLO Sortino Ratio Rank: 9393
Sortino Ratio Rank
IFLO Omega Ratio Rank: 9191
Omega Ratio Rank
IFLO Calmar Ratio Rank: 9595
Calmar Ratio Rank
IFLO Martin Ratio Rank: 9494
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

IEFAIFLODifference
Sharpe ratioReturn per unit of total volatility
1.61
2.61

-1.00

Sortino ratioReturn per unit of downside risk
2.30
3.65

-1.34

Omega ratioGain probability vs. loss probability

1.29

1.46

-0.17

Calmar ratioReturn relative to maximum drawdown

2.19

5.83

-3.63

Martin ratioReturn relative to average drawdown

8.42

20.08

-11.66

IEFA vs. IFLO - Sharpe Ratio Comparison

The current IEFA Sharpe Ratio is 1.61, which is lower than the IFLO Sharpe Ratio of 2.61. 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.

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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.

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Drawdown Indicators

IEFAIFLODifference

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

-0.21%

-1.41%

+1.20%

Average Drawdown

Average peak-to-trough decline

-6.63%

-1.29%

-5.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.99%

1.87%

+1.12%

Volatility

IEFA vs. IFLO - Volatility Comparison

iShares Core MSCI EAFE ETF (IEFA) has a higher volatility of 4.60% compared to VictoryShares International Free Cash Flow ETF (IFLO) at 3.79%. This indicates that IEFA's price experiences larger fluctuations and is considered to be riskier than IFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEFAIFLODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.60%

3.79%

+0.81%

Volatility (6M)

Calculated over the trailing 6-month period

13.60%

12.19%

+1.41%

Volatility (1Y)

Calculated over the trailing 1-year period

15.68%

14.41%

+1.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.64%

14.56%

+2.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.04%

14.56%

+2.48%

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 3.33%, more than IFLO's 1.51% yield.

PositionTTM20252024202320222021202020192018201720162015
IEFA
iShares Core MSCI EAFE ETF		3.33%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		1.51%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

IEFA and IFLO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IEFA has higher volatility (4.60%) compared to IFLO (3.79%). In terms of maximum drawdown, IEFA dropped -34.78% vs IFLO's -6.44%.

On 1-year performance, IFLO leads with 37.36% vs 25.11% for IEFA. On fees, IEFA is cheaper at 0.07% per year. On volatility, IFLO has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, IFLO has performed better with a 37.36% return vs 25.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

IEFA has the higher dividend yield at 3.33%, compared with 1.51% for IFLO.

IEFA tracks MSCI EAFE IMI Index (Net), while IFLO tracks Victory International Free Cash Flow Index. They also come from different issuers: iShares and VictoryShares. Their fees differ too: 0.07% for IEFA and 0.56% for IFLO.

IFLO currently has the higher Sharpe Ratio (2.61 vs 1.61), 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.

Portfolio Optimizer

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