IVSI vs. EFAS

Last updated Jun 25, 2026

IVSI (Applied Finance IVS International Large ETF) and EFAS (Global X MSCI SuperDividend® EAFE ETF) are both Foreign Large Cap Equities funds. IVSI is actively managed, while EFAS is passively managed. A 0.58 correlation means they provide meaningful diversification when combined. IVSI charges 0.65%/yr vs 0.56%/yr for EFAS.

Performance

IVSI vs. EFAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Finance IVS International Large ETF (IVSI) and Global X MSCI SuperDividend® EAFE ETF (EFAS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVSI achieves a 9.90% return, which is significantly lower than EFAS's 12.03% return.

IVSI

• 1D: -0.12%
• 1M: 0.10%
• YTD: 9.90%
• 6M: 9.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EFAS

• 1D: -0.26%
• 1M: -3.06%
• YTD: 12.03%
• 6M: 11.93%
• 1Y: 25.30%
• 3Y*: 24.65%
• 5Y*: 12.12%
• 10Y*: —

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

IVSI vs. EFAS - Yearly Performance Comparison

	2026 (YTD)	2025
IVSI Applied Finance IVS International Large ETF	9.90%	0.66%
EFAS Global X MSCI SuperDividend® EAFE ETF	12.03%	3.61%

Correlation

The correlation between IVSI and EFAS is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.58

Return for Risk

IVSI vs. EFAS — Risk / Return Rank

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

IVSI

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

EFAS

EFAS Risk / Return Rank: 81
EFAS Sharpe Ratio Rank: 81
EFAS Sortino Ratio Rank: 83
EFAS Omega Ratio Rank: 77
EFAS Calmar Ratio Rank: 89
EFAS Martin Ratio Rank: 73

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.

IVSI vs. EFAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Finance IVS International Large ETF (IVSI) 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.

	IVSI	EFAS	Difference
Sharpe ratio: Return per unit of total volatility	—	2.32	—
Sortino ratio: Return per unit of downside risk	—	3.29	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	4.79	—
Martin ratio: Return relative to average drawdown	—	12.23	—

Drawdowns

IVSI vs. EFAS - Drawdown Comparison

The maximum IVSI drawdown since its inception was -11.73%, smaller than the maximum EFAS drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for IVSI and EFAS.

Drawdown Indicators

	IVSI	EFAS	Difference
Max Drawdown Largest peak-to-trough decline	-11.73%	-44.38%	+32.65%
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	-2.06%	-3.81%	+1.75%
Average Drawdown Average peak-to-trough decline	-2.41%	-7.05%	+4.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.07%	—

Volatility

Volatility by Period

	IVSI	EFAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.77%	10.95%	+6.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.77%	15.58%	+2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.77%	18.30%	-0.53%

IVSI vs. EFAS - Expense Ratio Comparison

IVSI has a 0.65% expense ratio, which is higher than EFAS's 0.56% expense ratio.

Dividends

IVSI vs. EFAS - Dividend Comparison

IVSI's dividend yield for the trailing twelve months is around 0.04%, less than EFAS's 4.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EFAS Global X MSCI SuperDividend® EAFE ETF	4.76%	4.83%	6.76%	6.33%	7.28%	5.19%	4.34%	5.75%	6.63%	6.15%	0.21%
IVSI Applied Finance IVS International Large ETF	0.04%	0.04%	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 IVSI and EFAS in my portfolio?

IVSI and EFAS have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVSI or EFAS?

On fees, EFAS is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVSI or EFAS?

EFAS is cheaper with a 0.56% expense ratio, compared with 0.65% for IVSI.

Which ETF pays a higher dividend yield, IVSI or EFAS?

EFAS has the higher dividend yield at 4.76%, compared with 0.04% for IVSI.

What is the main difference between IVSI and EFAS?

They also come from different issuers: Applied Finance and Global X. Their fees differ too: 0.65% for IVSI and 0.56% for EFAS.