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ISZE vs. EFAS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISZE vs. EFAS

Last updated Jun 24, 2026

ISZE (iShares Edge MSCI Intl Size Factor ETF) and EFAS (Global X MSCI SuperDividend® EAFE ETF) are both Foreign Large Cap Equities funds - ISZE tracks the MSCI World ex USA Risk Weighted Index while EFAS tracks the MSCI EAFE Top 50 Dividend Index. Both are passively managed. A 0.60 correlation means they provide meaningful diversification when combined. ISZE charges 0.30%/yr vs 0.56%/yr for EFAS.

Performance

ISZE vs. EFAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI Intl Size Factor ETF (ISZE) and Global X MSCI SuperDividend® EAFE ETF (EFAS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

ISZE

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

EFAS

1D
-0.28%
1M
-2.81%
YTD
12.32%
6M
12.80%
1Y
26.33%
3Y*
24.76%
5Y*
12.16%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISZE vs. EFAS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISZE
iShares Edge MSCI Intl Size Factor ETF		0.00%0.00%-0.11%15.54%-15.70%8.17%6.07%21.17%-13.91%25.13%
EFAS
Global X MSCI SuperDividend® EAFE ETF		12.32%46.83%3.07%14.65%-8.00%12.75%-5.42%14.60%-11.60%22.76%

Correlation

The correlation between ISZE and EFAS is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.43

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

0.64

Correlation (All Time)
Calculated using the full available price history since Nov 16, 2016

0.60

The correlation between ISZE and EFAS shifts across timeframes, from 0.43 (3 years) to 0.64 (5 years), reflecting how their relationship changes across market environments.

ISZE vs. EFAS - Sectors Allocation Comparison

Sectors
ISZE
EFAS

Industrials

20.0%
10.4%

Financial Services

17.3%
31.0%

Consumer Cyclical

10.7%
1.9%

Basic Materials

8.2%
1.7%

Technology

8.1%
0.1%

Consumer Defensive

7.9%
8.1%

Healthcare

7.8%
0.1%

Real Estate

6.0%
11.4%

Communication Services

5.6%
8.6%

Utilities

4.8%
13.7%

Energy

3.8%
13.1%

Industrials

ISZE
20.0%
EFAS
10.4%

Financial Services

ISZE
17.3%
EFAS
31.0%

Consumer Cyclical

ISZE
10.7%
EFAS
1.9%

Basic Materials

ISZE
8.2%
EFAS
1.7%

Technology

ISZE
8.1%
EFAS
0.1%

Consumer Defensive

ISZE
7.9%
EFAS
8.1%

Healthcare

ISZE
7.8%
EFAS
0.1%

Real Estate

ISZE
6.0%
EFAS
11.4%

Communication Services

ISZE
5.6%
EFAS
8.6%

Utilities

ISZE
4.8%
EFAS
13.7%

Energy

ISZE
3.8%
EFAS
13.1%

Compare stocks, funds, or ETFs

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

iShares Edge MSCI Intl Size Factor ETF

Global X MSCI SuperDividend® EAFE ETF

Often compared with ISZE:
ISZE vs. ICOWISZE vs. SPHDISZE vs. DWMFISZE vs. FIDISZE vs. EISISZE vs. VEAISZE vs. ACWI
Often compared with EFAS:
EFAS vs. EFAEFAS vs. EFAVEFAS vs. FDHYEFAS vs. SDEMEFAS vs. EWJVEFAS vs. IOOEFAS vs. DVYA

Return for Risk

ISZE vs. EFAS — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EFAS
EFAS Risk / Return Rank: 7979
Overall Rank
EFAS Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
EFAS Sortino Ratio Rank: 8181
Sortino Ratio Rank
EFAS Omega Ratio Rank: 7575
Omega Ratio Rank
EFAS Calmar Ratio Rank: 8888
Calmar Ratio Rank
EFAS Martin Ratio Rank: 7272
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.

ISZE vs. EFAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Intl Size Factor ETF (ISZE) and Global X MSCI SuperDividend® EAFE ETF (EFAS). 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.

ISZEEFASDifference
Sharpe ratioReturn per unit of total volatility

—

2.42

—

Sortino ratioReturn per unit of downside risk

—

3.41

—

Omega ratioGain probability vs. loss probability

—

1.42

—

Calmar ratioReturn relative to maximum drawdown

—

4.99

—

Martin ratioReturn relative to average drawdown

—

12.82

—

ISZE vs. EFAS - Sharpe Ratio Comparison

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Drawdowns

ISZE vs. EFAS - Drawdown Comparison

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Drawdown Indicators

ISZEEFASDifference

Max Drawdown

Largest peak-to-trough decline

—

-44.38%

—

Max Drawdown (1Y)

Largest decline over 1 year

—

-5.30%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-11.84%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-28.81%

—

Current Drawdown

Current decline from peak

—

-3.56%

—

Average Drawdown

Average peak-to-trough decline

—

-7.05%

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.06%

—

Volatility

ISZE vs. EFAS - Volatility Comparison

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Volatility by Period

ISZEEFASDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.52%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

8.69%

—

Volatility (1Y)

Calculated over the trailing 1-year period

—

10.95%

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

—

15.59%

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

—

18.31%

—

ISZE vs. EFAS - Expense Ratio Comparison

ISZE has a 0.30% expense ratio, which is lower than EFAS's 0.56% expense ratio.

Dividends

ISZE vs. EFAS - Dividend Comparison

ISZE has not paid dividends to shareholders, while EFAS's dividend yield for the trailing twelve months is around 4.75%.

PositionTTM20252024202320222021202020192018201720162015
EFAS
Global X MSCI SuperDividend® EAFE ETF		4.75%4.83%6.76%6.33%7.28%5.19%4.34%5.75%6.63%6.15%0.21%0.00%
ISZE
iShares Edge MSCI Intl Size Factor ETF		0.00%0.00%1.89%6.63%2.72%8.47%1.39%2.24%3.04%3.33%3.18%1.09%

Frequently Asked Questions

ISZE and EFAS have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISZE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISZE is cheaper with a 0.30% expense ratio, compared with 0.56% for EFAS.

EFAS has the higher dividend yield at 4.75%, compared with 0.00% for ISZE.

ISZE tracks MSCI World ex USA Risk Weighted Index, while EFAS tracks MSCI EAFE Top 50 Dividend Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.30% for ISZE and 0.56% for EFAS.

Portfolio Optimizer

Find the right allocation for ISZE and EFAS

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