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IVLU vs. EFAV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVLU vs. EFAV

Last updated Aug 4, 2026
Documentation

IVLU (iShares MSCI International Value Factor ETF) and EFAV (iShares MSCI EAFE Min Vol Factor ETF) are both Foreign Large Cap Equities funds from iShares - IVLU tracks the MSCI World ex USA Enhanced Value Index while EFAV tracks the MSCI EAFE Minimum Volatility (USD) Index. Both are passively managed. Over the past 10 years, IVLU returned 11.37%/yr vs 6.41%/yr for EFAV. Their 0.77 correlation means they have sometimes moved together and sometimes differently. IVLU charges 0.30%/yr vs 0.20%/yr for EFAV.

Performance

IVLU vs. EFAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI International Value Factor ETF (IVLU) and iShares MSCI EAFE Min Vol Factor ETF (EFAV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IVLU achieves a 16.70% return, which is significantly higher than EFAV's 9.53% return. Over the past 10 years, IVLU has outperformed EFAV with an annualized return of 11.37%, while EFAV has yielded a comparatively lower 6.41% annualized return.

IVLU

1D
0.32%
1M
3.19%
6M
8.70%
YTD
16.70%
1Y
37.44%
3Y*
24.12%
5Y*
15.65%
10Y*
11.37%
ALL TIME*
8.80%

EFAV

1D
-0.24%
1M
4.16%
6M
5.55%
YTD
9.53%
1Y
15.74%
3Y*
14.94%
5Y*
6.67%
10Y*
6.41%
ALL TIME*
7.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

EFAV

iShares MSCI EAFE Min Vol Factor ETF
$49.00M$48.85M$45.04M

IVLU

iShares MSCI International Value Factor ETF
$36.81M$33.42M$39.54M

IVLU vs. EFAV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVLU
iShares MSCI International Value Factor ETF		16.70%46.09%6.76%20.07%-5.73%15.60%-4.50%15.60%-15.10%23.10%
EFAV
iShares MSCI EAFE Min Vol Factor ETF		9.53%26.00%5.30%12.52%-15.11%7.20%-0.06%16.67%-5.74%22.24%

Correlation

The correlation between IVLU and EFAV is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

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

0.74

Correlation (3Y)
Balances recent behavior with more history.

0.81

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.82

Correlation (10Y)
Provides a long-term view across more market conditions.

0.80

Correlation (All Time)
Calculated using the full available price history since Jul 15, 2015

0.77

The correlation between IVLU and EFAV has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

IVLU vs. EFAV - Sectors Allocation Comparison

Sectors
IVLU
EFAV

Financial Services

29.4%
19.7%

Industrials

17.2%
15.7%

Healthcare

9.8%
12.2%

Technology

8.8%
4.4%

Basic Materials

7.2%
1.6%

Consumer Cyclical

7.1%
5.1%

Consumer Defensive

6.0%
12.6%

Energy

5.6%
7.7%

Utilities

3.6%
9.0%

Communication Services

3.4%
9.1%

Real Estate

1.4%
2.9%

Financial Services

IVLU
29.4%
EFAV
19.7%

Industrials

IVLU
17.2%
EFAV
15.7%

Healthcare

IVLU
9.8%
EFAV
12.2%

Technology

IVLU
8.8%
EFAV
4.4%

Basic Materials

IVLU
7.2%
EFAV
1.6%

Consumer Cyclical

IVLU
7.1%
EFAV
5.1%

Consumer Defensive

IVLU
6.0%
EFAV
12.6%

Energy

IVLU
5.6%
EFAV
7.7%

Utilities

IVLU
3.6%
EFAV
9.0%

Communication Services

IVLU
3.4%
EFAV
9.1%

Real Estate

IVLU
1.4%
EFAV
2.9%

Compare stocks, funds, or ETFs

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

iShares MSCI International Value Factor ETF

iShares MSCI EAFE Min Vol Factor ETF

Often compared with IVLU:
IVLU vs. DFIVIVLU vs. FIVAIVLU vs. VXUSIVLU vs. IDMOIVLU vs. DISVIVLU vs. IEFAIVLU vs. SFNNX
Often compared with EFAV:
EFAV vs. EFVEFAV vs. EFAEFAV vs. ACWVEFAV vs. EEMVEFAV vs. USMVEFAV vs. EFASEFAV vs. SPLV

Return for Risk

IVLU vs. EFAV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IVLU
IVLU Risk / Return Rank: 8888
Overall Rank
IVLU Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 9191
Sortino Ratio Rank
IVLU Omega Ratio Rank: 9090
Omega Ratio Rank
IVLU Calmar Ratio Rank: 8484
Calmar Ratio Rank
IVLU Martin Ratio Rank: 8585
Martin Ratio Rank
EFAV
EFAV Risk / Return Rank: 6060
Overall Rank
EFAV Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
EFAV Sortino Ratio Rank: 6363
Sortino Ratio Rank
EFAV Omega Ratio Rank: 6262
Omega Ratio Rank
EFAV Calmar Ratio Rank: 6666
Calmar Ratio Rank
EFAV Martin Ratio Rank: 4747
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.

IVLU vs. EFAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI International Value Factor ETF (IVLU) and iShares MSCI EAFE Min Vol Factor ETF (EFAV). 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.

IVLUEFAVDifference
Sharpe ratioReturn per unit of total volatility
2.41
1.49

+0.92

Sortino ratioReturn per unit of downside risk
3.27
2.15

+1.12

Omega ratioGain probability vs. loss probability

1.43

1.27

+0.15

Calmar ratioReturn relative to maximum drawdown

3.22

2.37

+0.84

Martin ratioReturn relative to average drawdown

12.31

5.52

+6.80

IVLU vs. EFAV - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.41, which is higher than the EFAV Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of IVLU and EFAV, 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

IVLU vs. EFAV - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, which is greater than EFAV's maximum drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for IVLU and EFAV.

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Drawdown Indicators

IVLUEFAVDifference

Max Drawdown

Largest peak-to-trough decline

-41.85%

-27.56%

-14.29%

Max Drawdown (1Y)

Largest decline over 1 year

-11.69%

-6.66%

-5.03%

Max Drawdown (3Y)

Largest decline over 3 years

-15.48%

-8.65%

-6.83%

Max Drawdown (5Y)

Largest decline over 5 years

-26.04%

-27.46%

+1.42%

Max Drawdown (10Y)

Largest decline over 10 years

-41.85%

-27.56%

-14.29%

Current Drawdown

Current decline from peak

-0.23%

-1.32%

+1.09%

Average Drawdown

Average peak-to-trough decline

-8.48%

-4.76%

-3.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.05%

2.86%

+0.19%

Volatility

IVLU vs. EFAV - Volatility Comparison

iShares MSCI International Value Factor ETF (IVLU) has a higher volatility of 4.80% compared to iShares MSCI EAFE Min Vol Factor ETF (EFAV) at 2.77%. This indicates that IVLU's price experiences larger fluctuations and is considered to be riskier than EFAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IVLUEFAVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.80%

2.77%

+2.03%

Volatility (6M)

Calculated over the trailing 6-month period

13.35%

8.84%

+4.51%

Volatility (1Y)

Calculated over the trailing 1-year period

15.64%

10.60%

+5.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.53%

11.88%

+4.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.39%

13.04%

+4.35%

IVLU vs. EFAV - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is higher than EFAV's 0.20% expense ratio.

Dividends

IVLU vs. EFAV - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.22%, more than EFAV's 3.08% yield.

PositionTTM20252024202320222021202020192018201720162015
EFAV
iShares MSCI EAFE Min Vol Factor ETF		3.08%3.20%3.24%3.08%2.53%2.47%1.33%4.19%3.34%2.45%3.94%2.49%
IVLU
iShares MSCI International Value Factor ETF		3.22%3.71%4.46%4.69%3.59%3.47%2.05%3.53%2.82%2.87%2.53%0.93%

Frequently Asked Questions

IVLU and EFAV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IVLU has higher volatility (4.80%) compared to EFAV (2.77%). In terms of maximum drawdown, IVLU dropped -41.85% vs EFAV's -27.56%.

On 10-year performance, IVLU leads with 11.37% vs 6.41% for EFAV. On fees, EFAV is cheaper at 0.20% per year. On volatility, EFAV has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IVLU has performed better with a 11.37% return vs 6.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EFAV is cheaper with a 0.20% expense ratio, compared with 0.30% for IVLU.

IVLU has the higher dividend yield at 3.22%, compared with 3.08% for EFAV.

IVLU tracks MSCI World ex USA Enhanced Value Index, while EFAV tracks MSCI EAFE Minimum Volatility (USD) Index. Their fees differ too: 0.30% for IVLU and 0.20% for EFAV.

IVLU currently has the higher Sharpe Ratio (2.41 vs 1.49), 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.

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